Now more than ever, organizations need executives with the temperament and know-how to lead effectively. Executive coaching helps leaders improve their performance with clear, objective insights about how their behaviors affect productivity, morale, and the bottom line — all key considerations as organizations have had to quickly transition to remote work and consider an uncertain future.
Why Do I Need Executive Coaching?
It may feel like you have far too much to worry about right now. The day-to-day issues you face are numerous and urgent, so why add another thing to your list? But coaching can be a worthwhile investment, giving you:
- Increased self-awareness and personal growth
- A productive, objective venue to work through dilemmas and times of uncertainty
- Behavioral changes that improve your leadership style and transform your working relationships.
What Happens in Executive Coaching?
When you work with the right coach, you’ll work together to set challenging yet achievable goals that stretch your strengths and abilities. Among the topics you’ll explore with your coach, you should:
- Gain insight into your performance — and how you’re perceived.
As we move to a new way of working, examining your past challenges and successes will give you a new path forward. And learning how you’re perceived at work is a vital, real-time insight into your performance.
- Develop strategies to address developmental concerns.
A good coach can provide objective insights into your leadership behaviors, while also offering time-tested tools and strategies to overcome challenges and improve behaviors.
- Increase your leadership performance.
Maybe you get great results for your clients, but your team are stressed. Or you’re good at maintaining the status quo but have a harder time with innovation and growth. Your coach can help you leverage your strengths and improve productivity, maybe even in ways you haven’t thought of before.
- Discover the benefits of resiliency.
Coaching promotes resiliency, always an important leadership quality, but one that’s particularly relevant now. The feedback you’ll receive from a 1:1 coaching relationship promotes the kind of growth mindset that’s essential for future success.
- Find a ripple effect that impacts your team — and your organization.
Coaching doesn’t happen in a bubble. The positive effects carry over to your clients, your direct reports, your peers, and even your own boss.
What’s the ROI on Executive Coaching?
Done right, organizations and executives will find that coaching brings a substantial return on investment.
According to the Institute of Coaching, “80% of people who receive coaching report increased self-confidence, and over 70% benefit from improved work performance, relationships, and more effective communication skills. 86% of companies report that they recouped their investment on coaching.”
Instead of asking yourself, can I make time for coaching, consider: Can I make due without it?