CoachHub, the leading global digital coaching platform, announces the launch of its ROI Calculator, a tool designed to help HR managers estimate the financial impact of CoachHub’s science-based digital coaching within organizations. The CoachHub ROI Calculator™ offers a trusted, high-level estimate of the financial impact of digital coaching programs, making it easier for Learning & Development leaders to make data-driven decisions when allocating their budget.
“We understand how measuring the impact of coaching on overall business performance can be a challenge,” said Matti Niebelschuetz, co-founder of CoachHub. “Our ROI Calculator provides HR managers with data-driven analysis to allocate their budget, unlocking the full potential of digital coaching as a strategic investment for driving success in today’s competitive business landscape.”
The CoachHub ROI Calculator™ takes into account a range of factors, including the number of coaching participants, the average annual salary of participants, employee turnover rate, the company’s annual revenue and the number of employees. Upon evaluating those metrics, a coaching ROI percentage is determined based on an estimated increase in value from improved employee performance and retention weighted against the costs of implementing a digital coaching program.
CoachHub’s coaching ROI percentage formula is based on extensive research and experience from its global behavioral science team. By weighing the costs against the potential benefits of coaching, HR managers can gauge the global financial impact of digital coaching on their organization. These benefits include incremental revenue from improved performance, as well as savings from improved retention.
Unlike traditional L&D programs, which are typically standardized and whose impact is difficult to measure, CoachHub’s digital coaching programs are personalized, flexible and inclusive, offering unlimited coaching sessions with a measurable return on investment. The CoachHub ROI Calculator™ is just one of the ways the company is helping customers measure the impact of their digital coaching investments. This announcement comes on the heels of launching CoachHub Insights™, an enhanced dashboard to deliver actionable, real-time insights on the impact of coaching programs.
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