The amount that companies spend on executive coaching can vary widely depending on several factors, including the size of the organization, the level of coaching required, the coach’s experience and expertise, and the duration and frequency of coaching sessions. Executive coaching is generally considered a significant investment in leadership development and organizational performance.

According to a study by the International Coach Federation (ICF), the average annual spending on coaching per organization was approximately $500,000 in 2019. This figure can vary widely based on the size and industry of the organization, with larger companies and those in industries such as finance and technology often spending more on executive coaching.

Some companies may spend tens of thousands of dollars per executive for a comprehensive coaching program, which may include assessments, individual coaching sessions, group coaching, and follow-up support. Other companies may opt for more cost-effective options, such as group coaching or coaching for specific leadership teams.

Overall, companies that invest in executive coaching see it as a valuable tool for developing their leaders, driving organizational performance, and achieving strategic business goals. The return on investment (ROI) of executive coaching can be significant, with many companies reporting improved leadership effectiveness, higher employee engagement, and increased organizational performance as a result of coaching initiatives.