Why Executive Coaching?
"Many of the world's most admired organizations, from GE to Goldman Sachs, invest in executive coaching. Annual spending on coaching in the U.S. is estimated at roughly $1 billion."
Harvard Business Review
Working with a coach can help you achieve strategic priorities, enhance decision-making, handle difficult employees and dynamics, gain alignment, explore strengths and development areas, and measure and achieve development goals. Coaches help leaders navigate complicated lives, find balance, and become more efficient and productive. Coaching programs support organizational succession planning and leadership team effectiveness.
Professional coaching brings many wonderful benefits: fresh perspectives on personal challenges, enhanced decision-making skills, greater interpersonal effectiveness, and increased confidence. And, the list does not end there. Those who undertake coaching also can expect appreciable improvement in productivity, satisfaction with life and work, and the attainment of relevant goals.
What is coaching?
The International Coaching Federation (ICF) defines coaching as: "partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential."
Leaders experience a significant increase in their ability to manage change, navigate complexity, build top performing teams, resolve conflict, increase wellbeing, and maintain a strong personal foundation to achieve peak performance.
When leaders develop, employees stay!
What is the process?
The process includes discovery and assessment, goal setting, action planning, and feedback. In parallel, clients frequently ask coaches to observe them in action, facilitate stakeholder feedback, co-lead strategic planning and team development sessions, and provide consultation on organizational change, employee engagement, and leadership selection efforts.
Why does it work?
Clients become more aware and insightful, committed, and action-oriented in order to achieve important professional and personal goals. The coach is a thought partner who provides structure, new perspectives, and holds focus on the client’s agenda. Clients are supported, encouraged, and stretched to their potential, using a strengths-based development approach.
- Increases employee morale and job satisfaction
- Enables breakthroughs in individual and team performance
- Results in better leadership, mentoring, and development for employees
- Improves the bottom-line through increased results, providing more opportunities
Source: Coaching for the 21st Century (Korn Ferry Institute, 2015)
"75 percent of careers are derailed for reasons related to emotional competencies, including inability to handle interpersonal problems; unsatisfactory team leadership during times of difficulty or conflict; or inability to adapt to change or elicit trust."
Center for Creative Leadership