The client and the coach ultimately determine the value of Executive Coaching. Executive coaching is a way to help individuals work through difficult decisions, challenges, or behavior changes to create sustainable change solutions. Your coach can help you move from where you are today to where you want to be in the future.
Executive coaching can be a solution for experienced leaders or hi-potentials. Coaching opportunities span a wide variety of topics including: the pain of growth, culture shift, failed initiatives, restructuring, new leadership, leadership skills, underperforming teams, and high turnover. Measurable outcomes are established for success. Outcomes can include: improving financial performance, accelerating change, taking your skills to the next level, improving the success rate of new leaders, and improving productivity.
The Executive Coach works with you to provide a clear understanding of strengths, limitations, leadership attributes, and development needs. Your personal development plan reflects clear expectations around what is being coached. And, the coach helps you explore insights and possibilities related to your coaching in a SAFE environment.
Some companies provide an external Executive Coach as part of their talent development program. Other companies have internal coaches as part of their talent platform. And, it is not uncommon for executives to hire their own Executive Coach. If you have an Executive Coach, maximize the value of the coaching engagement through your commitment to the process.
Relationships are key, so it is important that there is good chemistry between you and your coach. It is recommended that you have a certified and experienced Executive Coach who is able to successfully guide you through the process to achieve your desired outcome(s). The goal is that you will be rewarded through improving your capabilities and building capacity in your current or future leadership roles.
The cost of doing nothing is far greater than the cost of an Executive Coach! A recent PWC survey reported that the ROI for Executive Coaching is 7X the investment. So, what are you waiting for?
hrthought is focused on helping companies grow their business by leveraging change through the benefit of their leaders and their teams. For more information about our professional services, visit us at hrthought.com or contact Robin at at 508-667-3664.