Employers See $7 ROI For Every $1 Spent On Leadership Programs, Report Says
HRDIVE, Tuesday, September 26,2023
Leadership development investment varies by industry, including the amount and who receives training and coaching.
When businesses invest in coaching programs for employees, the average return on investment (ROI) is $7 for every $1 spent on leadership development, according to a Sept. 21 report from BetterManager, a leadership development platform, and research firm The Fossicker Group.
The ROI appears to stem from increased revenue and sales as a result of leadership development participation, as well as cost savings through higher employee retention and lower recruiting costs.