Why Hire An Executive Coach?
The talent and capability of some employees is unmistakable. Leaders at savvy organizations will find ways to unlock the potential of their rising stars. An executive coach can help your team reach a higher level of performance.
5 STRONG REASONS TO HIRE AN EXECUTIVE COACH
1. Discover Purpose
Coaching creates positive, lasting change by addressing underlying mindsets and behaviors that impact one’s ability to successfully lead people and organizations. What are the unique strengths of your rising stars? Through inquiry and self-reflection, coaching provides an opportunity for clients to better understand who they are, what they value and how to differentiate their leadership capabilities in an authentic and meaningful way.
2. Maximize Impact
The use of psychometric personality assessments enables greater self-awareness around client strengths and areas for growth. These assessments set the stage for individualized, targeted leadership development during the coaching session. Clients may also receive recommendations and resources that deepen their learning after the session and support lasting change.
3. Confront Barriers to Success
What’s holding your most promising employees back from realizing their full potential? The use of assessments also enables clients to better understand and self-identify the barriers that stand in the way of achieving their goals or career aspirations. Coaching engagement creates an opportunity to reflect on these barriers and embrace strategies to productively address them when they arise.
4. Retain High-Potential Leaders
“Statistically, high-potential employees are 91% more valuable to businesses than their peers, and losing one of them can cost up to 3.5 times their annual salary, in addition to lost productivity and institutional knowledge.” – Adam Rogers, Forbes Magazine
“Research shows the most effective way to increase high potential (HiPO) engagement is through growth opportunities and experiences — more so than promotions, rotations or special projects. – Sharon George, Smarter With Gartner
“The development of high potentials needs to go beyond formal education programs and include self-directed learning and other types of training…a combination of targeted mentoring, coaching, education and job experiences can achieve considerable impact.” – Claudio Fernandez-Araoz, Brois Groysberg, and Nitin Nohria, Harvard Business Review
A coaching opportunity is one of the most customized leadership development experiences that an organization can provide to a HiPO employee, signaling their value to the organization and encouraging their continued growth.
5. Plan for the Future
Research indicates that most organizations lack candidates who are readily available to move into leadership roles. For individuals to be truly ready, leadership development must be directly tied to the business goals and strategy.
“The development that leaders undergo, whether in the form of individual coaching or simulated assessments, needs to be inextricably tied to business strategy and within the context of the real challenges that they will face at the next level.” – Korn Ferry
Desired coaching outcomes may be established by the individual, defined by the organization, or both. If the coach and client are able to evaluate performance in light of the current and future needs of the organization, the coaching engagement can address existing gaps and increase readiness for future positions.
Catapult provides executive coaching services to individual leaders and organizations. To learn more about our executive consulting services, please visit the Leadership Development tab on our website at: https://catapultsuccess.com/services/leadership-developmentReturn to all posts