What Is Leadership Coaching?Coaching is one of the most effective resources available in leadership development today. It is a co-creative process based on inquiry and personal discovery, meant to build the client's level of awareness and responsibility and provide the client with structure, support and feedback. Coach and client work together to develop competencies and implementation plans to tackle and conquer specific issues. Coaching helps to create a sense of safety, well being and harmony among members of your organization. The focus may include; but is not limited to:
Coaching is a catalyzing force that develops the leader's capacity for learning and growth so they can make better decisions and feel more confident. In addition to developing higher levels of competency in individuals, leadership coaching helps management teams to better understand their motivations and relationships with colleagues.
Who Is Leadership Coaching For?
Coaching can be for you, for your department heads, or even developing leaders. If either you or your management team feel frustrated because you:
You need professional development and management coaching. Coaching goes beyond career advice directed at moving up the corporate ladder and achieving personal goals to addressing unclear expectations and teamwork. Often times, managers are recruited and hired, then left to their own devices to manage - and the result is wasted time and unhappy teams.
Executive assimilation and transition coaching is the natural follow-up to an effective executive recruiting program. Once you've gone through the steps and expense of recruiting the right people, you want to ensure you're utilizing their expertise to their fullest capacity. The high cost of turnover amounts to three times an executive's annual salary to replace them. Research indicates that 40% of all new executives brought in from the outside fail. The number one reason cited for that is failure to assimilate into the corporate culture. Providing the needed management training to assure a smooth transition leads to greater career satisfaction and harmony in the workplace -- and is one of the things that coaching helps to do.
With ROI's Like This, Can You Afford Not to Invest in Coaching?
In two separate studies done on the ROI of coaching, results were between five and six times the initial investment in coaching (see footnote). Considering that both studies were very conservative in their estimates and only focused on hard results, it's reasonable to expect the overall ROI of coaching to be significantly higher.
More than 59% of companies polled in another recent study recognize the value that engaging an external coach brings to their business solutions. "External coaches can bring greater objectivity, fresher perspectives, higher levels of confidentiality and experience in many different organizations, industries and business environments," according to The American Management Association (AMA) study.
Coaching works well for corporate executives, entrepreneurs, managers, and people in midlife career development or transition.
Tim Link is a Master Certified Coach with a successful track record as a corporate vice president. He understands exactly what your team members are going through because hes been there and done that. He provides a safe place for them to work their issues out as he mindfully guides them to create their own new reality of fulfilling their goals and reaching their individual potential.
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