When our director Tony Gregg decided to launch a series of executive coaching courses, the first question he asked himself was ‘what are people going to get out of this?’. Could it really benefit those in a leadership role and if so, what impact could it have on the workplace as a whole?
Executive coaching is focused on training those in authoritative positions in the workplace to address challenges that are personal to the individual. In turn, this training will have a filter down effect, leading, ultimately, to a happier and healthier workplace environment for all employees.
There are two main purposes that give promise to the idea of executive coaching and they can be separated as being beneficial to the executive, and being beneficial to the organisation that they manage:
Benefits for the executive
Executive coaching is filled with tips and techniques that help to identify the goal areas of the executive and then help them to create a structure to achieve the said goals. Goals can be minor, such as being able to attend all meetings on time, or can be more major, such as learning how to achieve a healthier work-life balance.
This coaching allows the coachee to create action plans that address personal challenges, as well as outline any ambitions that they have for the future. As the goals and solutions are ultimately created by the coachee themselves, there tends to be a higher impact for the individual when compared to a generic training program.
Executive coaching is often a result of executives wishing to bridge a gap between expectation and reality. The coaching action plan often includes many technique sessions which involve working on key skills while building new and productive ones that they can adopt and use within a short span of time.
Benefits for the organisation
It comes as no surprise that organisations often highly benefit from having well-trained executives. Having a leader who is able to empathise and truly understand an employee’s problems (whether big or small) is extremely valuable. Employees will feel a sense of purpose, that they are being listened to properly and that their issues are being met with the strictest of sensibility.
Previous studies have shown that job performance and employee retention rates tend to increase in businesses, as employees overall feel a sense of worth and value at the company. Executive coaching helps people to unleash their potential in the workplace, so it is essential to keep hold of them.
Want to find out more about executive coaching? Take a look at the other blogs in our series, or contact our team today and speak to an advisor.