There have been many studies and surveys published that demonstrate the benefits of executive coaching. Effective coaching leads to higher productivity, improved performance, greater employee engagement and a stronger company culture. Here are a few things that drive these benefits:
- Increasing the emotional intelligence of the executive, especially in the area of self-awareness and emotional expression. One definition of emotional intelligence is understanding and managing yourself while understanding other people and managing your relationships with them. In order to manage yourself and others, you must have self-awareness. This is the ability to accurately assess your abilities and recognize where you need help. An effective coach can point out what the leader cannot, will not or does not see. Strong leaders are also able to control and manage how they communicate with people. They refrain from inappropriate or rash responses when confronted with difficult situations.
- Teaching and modeling to the leader how to effectively coach employees. Most leaders know what to do. Great leaders know how to do it the right way to inspire their employees to improve productivity and performance. Effective coaches model and teach the executive how to ask catalytic questions that lead to smarter decisions. Great questions lead to great solutions! When leaders learn to ask their direct reports catalytic questions, their employees will create better solutions.
- Developing the future leadership pipeline of the company. Right now there are few companies that focus enough energy on developing their future talent. When times get tough companies cut the training budget and do not prioritize succession planning and talent reviews. This is the worst time to cut budgets because it is critical to retain, develop and help top talent drive business. In a recent engagement and retention survey, Beverly Kaye and Sharon Jordan-Evans found that the opportunity for career growth and learning and development are two of the top three reasons leaders stay with a company.
- Helping the leader clarify, articulate and execute her vision. The role of the executive coach is to help the leader create a clear and inspiring vision that is communicated and reinforced consistently with employees. The more informed and involved the employees are in understanding and executing the vision, the more committed they will be.
Executive coaches bring an outside perspective that helps drive personal and organizational change. When you commit to coaching, you commit to change!