Through training and development, executives can develop the skills necessary to become established leaders in their industry. However, these skills do not always come naturally. Executive coaching is designed to help individuals reach their development objectives, gain self-awareness, and unlock their hidden potential.
What is executive coaching, exactly? It is a mutually beneficial relationship with a qualified professional where executives can grow their management and leadership skills.
Why People Use Executive Coaching
Executive coaches provide executives with insight to inspire them to maximize their role in a business. Whether you are a business owner looking to enhance the performance of your executives, or are an executive seeking coaching services to improve your performance, executive coaching can be invaluable.
1. To Grow Leadership Skills of High-Potential Employees
Having strong leadership skills is essential for executives who want to use their skills to benefit their company. Leaders have the ability to problem solve and handle challenging situations in a constructive way. By working with an executive coach, you can increase your emotional intelligence which in turn can build your leadership capabilities. This is an important step for high-potential individuals who have the ability to become great leaders.
2. To Improve the Chances of Success for Newly Promoted Managers
An estimated 60 percent of new managers fail within their first two years, according to The Corporate Executive Board Company (CEB). A lack of support is often to blame for this high failure rate. Newly promoted managers must feel confident and capable in their role yet many do not have the training necessary to retain their position.
By investing in your employees through executive coaching services, you can increase their odds of success as higher ups in the organization.
3. To Evolve Management and Leadership Skills Among Technical Employees
The primary goal of executive coaching is to maximize a company’s most valuable resources. Your employees are the most important asset your business has and without them, you would likely not have the success that you do. Executive coaching can help your tech-savvy employees better develop their management and leadership skills so that they can be productive in all areas.
4. To Address Behavioral Issues in Management
Behavioral issues can occur in all roles, even at management level. Executive coaching can be useful as it provides professionals with an accountability partner who can assist them in maintaining effective leadership skills, optimal performance, and ideally, career advancement. This important relationship focuses on helping an executive become more self-aware and alter the way they think and act.
5. To Teach Leaders How to Resolve Employee Interpersonal Conflicts
Many leaders struggle with certain areas, such as conflict resolution. Helping employees resolve interpersonal conflicts can be challenging as you do not want to take sides or fail to communicate with empathy. Executive coaching can help leaders become stronger in this area by teaching them the proper way to resolve interpersonal conflicts between co-workers.
The Executive Coaching Process
An executive coach offers executives and other high potential employees supportive and confidential services while acting as a sounding board. Companies often hire executive coaches to help enhance their executives’ skillset and professional capabilities. Executive services have become an effective way for companies to invest in their top employees and having the chance to work with a coach is a great opportunity that should not be passed up.
While the executive coaching process can greatly range, it usually involves a series of phases that occur over the course of 6 to 12 months on average. These phases often include intake, followed by assessment and goal setting. Executive and coaches can then work together to create a development plan that outlines the projected growth of an employee. Throughout this process, executives should engage in periodic check-ins to ensure that they are on track. The executive coaching process is over when each goal has been reached and the coach determines that services are no longer necessary.
Learn More About Executive Coaching
Being a good leader has become increasingly difficult in today’s rapidly changing business environment. Many executives and high potential employees need a little nudge to keep up with the pressures and demands of a fast-paced organization. Executive coaching services can provide these employees with the support and useful strategies they need to thrive in all types of environments. With the help of an experienced executive coach, business leaders of all types are able to be more productively and maximize their potential.
A great executive coach who is able to build trust with their clients can help the executives alter their behavior, shift their thinking, and reach new possibilities they never thought possible. Are you interested in learning how executive coaching & mentoring services could make a positive impact in your workplace? Contact an established executive coach today at The Eastham Group for more information.