MAKING THE BEST
TOP 10 INDIVIDUAL BENEFITS OF COACHING
In late 2005, the Australian Human Resources Institute commissioned a report into Coaching. They canvassed the views of HR practitioners who had been responsible for more than 1,000 individual executive coaching programs, worth $15.4m over 2 years.
The following is a list of the Top 10 coaching benefits for executives observed by the HR practitioners, listed in order from the most to the least common:
- Clearer understanding of own style, automatic responses and the issues arising from these
- Improved communication and engagement skills
- Improved coping with stress/robustness
- Clearer understanding of own professional performance
- Clearer understanding of organisational issues and how to resolve/overcome them
- Improved ability to deliver feedback
- Improved professional relationships – with Directors/Managers
- Improved professional relationships – with subordinates
- Improved decision-making skills
- Improved assertiveness / self-assurance / leadership strength
WHAT BUSINESS IS SAYING ABOUT COACHING
“Many of the world’s most admired corporations, from GE to Goldman Sachs, invest in coaching. Annual spending on coaching in the U.S. Is estimated at roughly $1 billion“. HARVARD BUSINESS REVIEW, Nov. 2004
“In a 2004 survey by Right Management consultants, 86 percent of companies said they used coaching to sharpen skills of individuals who have been identified as future organizational leaders.” Excerpt from “What An Executive Coach Can Do For You” Harvard Business School.
“Business coaching is attracting America’s top CEOs because, put simply, business coaching works. In fact, when asked for a conservative estimate of monetary payoff from the coaching they got… managers described an average return of more than $100,000, or about six times what the coaching had cost their companies.” FORTUNE Magazine
“Across corporate America, coaching sessions at many companies have become as routine for executives as budget forecasts and quota meetings.” INVESTORS BUSINESS DAILY
“Coaches are not for the meek. They’re for people who value unambiguous feedback. All coaches have one thing in common. It’s that they are ruthlessly results-oriented.” FAST COMPANY Magazine
“I absolutely believe that people, unless coached, never reach their full potential.” Bob Nardelli, CEO, Home Depot
“I never cease to be amazed at the power of the coaching process to draw out the skills or talent that was previously hidden within an individual, and which invariably finds a way to solve a problem previously thought unsolvable.” John Russell, Managing Director, Harley-Davidson Europe Ltd.
“A coach may be the guardian angel you need to rev up your career.” MONEY Magazine
THE CAREER CONSULTANCY DIFFERENCE
Our Quality Control Measures
The Career Consultancy offers you a dedicated and experienced Account Director, Catherine Cunningham, who will advise you on all strategic issues related to the coaching assignment.
Catherine collaborates closely with HR executives to define requirements and success factors. She selects the consultant who best complements the personality, developmental needs, corporate culture and industry of the executive being coached.
Catherine acts as Project Manager for all assignments to ensure that the process is moving forward appropriately and that all deadlines and expectations are being met.
Most executive coaches work as sole practitioners. At The Career Consultancy, we add value for our organisational clients by operating as a professional coaching practice. This allows us to make the best coach-client matches and to provide diverse teams of coaches who work with a consistent philosophy and methodology.
Our Consultants are senior practitioners who have strong backgrounds in business leadership positions. They provide skilled support for organisation and leadership development initiatives. They are familiar with the Grow Methodology,
used by experienced practitioners throughout the world:
GOAL – Agree the purpose
REALITY – Explore the reality (yours and theirs)
OPTIONS – Brainstorm options
WAY FORWARD – Confirm next steps
We offer 3 different programs, to suit various budgets and needs, with a discount on the longer Coaching Programs:
Growth Program: 4 x 1.5 hour coaching sessions (6 hours)
Extension Program: 6 x 1.5 hour coaching sessions (9 hours)
Intensive Program: 8 x 1.5 hour coaching sessions (12 hours)
As part of all assignments, we offer initial and ongoing phone contact between Manager of coachee and Coach at no charge, with progress reports as agreed with the coachee.
Each coaching program is supported by a Completion of on-line MBTI Step II Interpretative Report.
(MBTI is the most widely used instrument for understanding normal personality differences. Because it explains basic patterns in human functioning, the MBTI has many uses eg self-understanding and development, team building, management and leadership training.)
The Individual reviews results with the MBTI specialist consultant where the discussion centres on the effect of identified preferences on workplace behaviours.