It is estimated that over 40% of Fortune 500 companies use executive coaching. This is surprising news, with many people still shying away from the term and the idea. Surely you would only need coaching if you weren’t up to the job, or if there was a problem? With the jobs market becoming increasingly competitive, many are reticent to admit that they needed help.
With almost half of these hugely successful companies reported to be embracing executive coaching, there has clearly been a huge shift of perception. Coaching has had something of a makeover, with more and more companies offering the service to their more senior employees as part of their retention goals and work-life-balance commitments.
An executive coach would typically lead a one-to-one session with the person, guiding them through any problems. They help them create goals and objectives and help them see their potential and skills, ready to take on their next challenge. Importantly, the impact of this positive step can be felt by both the employee and the business.
Executive coaching has a positive impact on a business
1. In some cases, an executive has reached a point where their next step is unclear. An executive coach can guide them through the process of helping them find their next fulfilling role. This may not be with the company they are employed in. However, it is a positive for the business to recognise this problem as soon as possible. An unfulfilled employee may be better suited elsewhere. It is better for the business (and the executive) if they move on sooner rather than later.
2. Having motivated and enthusiastic employees is crucial to business success. An executive may go to a coach to find help setting goals and objectives, which may lead to a promotion into the right job for them. Having loyal employees is always going to be of benefit to a business, and by offering this service, executives are going to know that their workplace cares about them and their success.
3. Anthony Gregg is a Master Executive Performance Coach and knows only too well the importance of developing executive talent. Anthony has been successfully placing the best retail executives with companies for over ten years and is now using his talents to increase the performance of these executives. Contact Anthony to retain your best talent and start your executive coaching journey today.