What exactly is exeuctive coaching?
Most executive coaching services focus on behavior change. Coaching is what you do when you’re interested in Kaizen, the Japanese term meaning “change for the better” or “continuous improvement.” Therefore, top performers (athletes and professionals) choose to have a coach or a “thought partner” so they can have an external, third party perspective. Someone with whom you can learn new ways of thinking, or approaches to people and problems, or uncover nuances and subtleties you might be overlooking or simply can’t see. The process of executive coaching kicks off with a bit of Discovery to assess the person, company, and situation. Then continues with one-on-one interactions with the primary aim of developing new skills for leadership, strategy, communication, team building, influence, negotiation, accountability and so on. The great part of most Executive Coaching programs is that they are highly customizable to your needs now (in the moment or just in time), as well as long term into the future.
Why choose the consilio executive coaching program?
When you want great results in a short period of time, you choose the team at Consilio. Since we know that real, sustainable behavior change takes place outside your comfort zone, we have devised an Executive Coaching program that gets you comfortable quickly with the idea of being pushed further and further past your current limits. First, we pair you with a coach who has expertise in your industry, your role, is a great personality fit or all of the above. Then, we create a custom coaching plan for you that combines timeless fundamentals with new school strategies for learning and retention to maximize our coaching time together.
Each agenda is a mixture of:
- just in time coaching / thought partnership,
- new skill development and
- practice time to demonstrate mastery.
This ensures you walk away with new skills from every coaching session that you can immediately apply same day.
Benefits of executive coaching
Executive coaching companies are hired to do more than resolve issues with poor performance and behaviors. It helps develop growth and polish executive-level skills, which has an impact on an individual’s career progress and the advancement of an entire organization. Here are some crucial benefits of executive coaching.
1. Better more Consistent Results
The last independent study on coaching showed a Return on Investment (ROI) in the 10x range. Meaning for every dollar invested, the client realized about $10 as a result. Especially as leaders, we have few people to hold us accountable and to keep us focused. A great executive coach not only serves as a steward for changing the behavior the keeps you from achieving your goals, but also as a business coach who can guide you strategically through the myriad of business decisions you are faced with daily.
2. Retention of Key Employees
As goes the leader, so does the rest of the organization. If you really want to establish an environment where people consistently strive to get better, then you must first lead by example. We see repeatedly how when the leaders are being coached and developed, the rest of the team works toward the same. Not only do they work to get better, but they stay with the organization far longer. The level of commitment is higher. This is a great strategy for coaching up the A players and coaching out the mediocre players.
3. Greater Motivation
Once you witness your efforts becoming successful, your motivation to do better automatically kicks in. The first step towards achieving this is to become self-aware. Individuals with a greater level of self-awareness are quick to identify intrinsic motivation. Your executive coach will teach you how to self-regulate, which will help you channel your inner motivation and achieve your goals.
4. Enhanced Cognition
Another benefit of executive coaching is that it helps you broaden your mind, causing a ripple effect in the rest of your brain. Thus, your emotional intelligence receives a boost. Once you start to view situations from someone else’s point of view, your mind will train itself to develop a more flexible mindset. Consequently, it is this newly developed mindset, which will enhance cognition and improve your work in more ways than one.
5. Improved Leadership Skills; like Communication, Accountability and Delegation
Employing executive coaching services can have a positive impact on your leadership skills, as well. Individuals with greater emotional intelligence usually make better leaders. Once you open your mind to self-growth and empathy, those working under you will have a safe place. They will feel at ease, knowing that you understand them and care about their well-being. They will be more likely to share their thoughts and opinions freely, opening doors for improving accountability and delegation. Ultimately freeing up the leader from the day to day and moving to more strategic thinking activities.
6. Better Self-Regulation
If you want to have a better control over your emotions, then you need to be fully aware of them and the reactions you have to them. Executive programs ensure that you are self-aware and well-equipped to deal with the situation at hand, with confidence and surety. People who have a greater emotional intelligence are known to be better when it comes to self-regulation. With improved self-regulation skills, you can exercise better control over various other parts of your life as well, such as time management and developing a work-life balance.
7. Increased Self-Awareness
Executive coaching focuses on self-awareness, often, and for good reason. Self-awareness is a catalyst, which leads to growth within an individual. If you are not self-aware, then your first step is incomplete, and you may continue to exhibit the same behaviors as before. Increasing a person’s self-awareness is an important benefit of executive coaching that is especially helpful when it comes to changing behaviors and understanding the things that are affecting or triggering them.
A heightened sense of self-awareness is also the reason behind you developing a better and deeper understanding of yourself. People with a greater emotional intelligence are familiar with their emotions and therefore, better able to regulate their feelings. Executive coaching can help you become one of these people.
8. Heightened Empathy
Empathy helps an individual understand and feel the same way as another. It not only helps gain a deeper insight into how another is feeling but, allows you to develop an emotional connection and interact accordingly. Empathy evokes patience, trust, and safety. Thus, people will often turn to you when in need of advice or guidance.
How to choose the right executive coach?
Having an experienced and trained executive coach is important to ensure that your learning process is fruitful to you and your organization. There are several things to consider when employing executive coaching services, such as:
- The process used by the company and the type of results it has yielded in the past. There must be an assessment or discovery process to help you analyze where you stand, so that you can select a coach who identifies with at least some of the issues that you face.
- In addition, your chosen expert for executive coaching should understand business strategy, have excellent communication skills, and be a good listener.
- To thoroughly vet your choice, determine if the coach was previously a part of a management team or made worthwhile contributions to the growth of an organization.
- Are they DISC certified or have adult learning strategies such as Neurolinguistic Programming (NLP) or Hypnosis skills that can help you identify ineffective patterns and break through behavior change quickly?
- Double check your mindset – are you ready to pushed, challenged, prodded?
Follow this method and you will have an executive coach, who can successfully help you with personal and professional development.
Does executive coaching work?
Absolutely…when you commit to and work the program fully, it is transformational! Executive coaching has the potential to bring about a significant change in the person being coached if they are serious about learning. You should be ready to acknowledge your hopes and concerns, your strengths and growth opportunities. Coaching results in growth through feedback, learning new skills, practicing difficult conversations, and having someone as a “thought partner” to pull on as needed.
What is the right time to hire an executive coach?
There is no specific time that can be deemed as the ‘right’ time to hire an executive coach. However, it is recommended that you seek out executive coaching services when making an important career transition. It is the prime time to reap the benefits of such services.
Every step you take into roles which have added responsibility and tasks, represents a change in leadership. Therefore, these transition moments are significant and can make the change smooth. Moreover, short-term executive coaching services that focus on certain aspects only can also be highly advantageous in situations like these.
How long does a coaching engagement last?
Duration of coaching depends on the goals of the coached and how committed they are to doing the work. Executive coaching services last for a couple of months, going as far as six months to a year depending on desired results. Regular meetings are scheduled between the client and the coach, either weekly or several times a month. Various coaches also believe in involving managers, as well as other stakeholders at some point of the process. If you are looking to improve on a technical skill, then the duration may be relatively shorter, as opposed to you receiving coaching aimed at the improvement of delegation.
What factors strengthen the relationship between the coach and the client?
The three necessary ingredients to make a successful client and coach relationships are curiosity to ask great questions (seek to understand), candor and honesty (vulnerability), and collegiality (. Together, they make the perfect brew and ensure smooth sailing. Both coach and client must exhibit a passion for their profession, for meaning and relevancy.
What will be my boss’s involvement in the coaching process?
Relevant stakeholders are often involved in the process of executive coaching to yield valuable feedback. Similarly, your boss has a unique role, whose perspective of you needs to be brought to the forefront so you’ll want to be sure their ideas are included in the process. In an effective coaching relationship, the coach will enlist insights not only from your boss, but also your direct reports (if you have them) and other peers or colleagues. This “360 degree” approach to understanding you is key to helping you go from friction to function with your relationships.
Who can benefit from executive coaching?
Anyone can benefit from executive coaching when they have an open mind and a desire to grow and get better. If you have a challenging career, then you can reap from the benefits of executive coaching. Executives, as well as business managers, and various professionals, seeking to polish themselves professionally, often hire executive coaching companies. Those looking to foster personal growth, become better leaders, and navigate through transitions also go into executive coaching.