When is the Best Time to Invest in Executive Coaching?

Executive coaching is tailored leadership development for senior executives, other leaders, and high potential talent. Unlike other leadership development programs, executive coaching is a one-on-one partnership between leader and coach that addresses the leader’s specific goals and challenges. It offers the opportunity to explore and develop the skills that you aspire to possess to be a successful leader. This means that an individual may choose to take advantage of involving an executive coach at any point. There are certain times however, that it may be more beneficial to begin working with an executive coach.

 

coach-1030x687 When is the Best Time to Invest in Executive Coaching?Role or Career Change

One of the many benefits of executive coaching is having the ability to see the in progress effectiveness of the leadership skills they are developing. This may be of particular benefit when an individual takes on a new leadership position or enters a new industry. They may require assistance in navigating the unfamiliarity of their new position. In this situation, the coach is able to provide leadership development training that can be implemented immediately because it is contextualised within the bounds of the specific role.

 

Managing Conflict and Crisis

Executive coaching can also be a useful tool during times of conflict and of crisis. These moments can be especially challenging when there is a lot of change happening in a very short space of time. Here, the executive coach is a great asset to the individual as an objective sounding board for ideas. Through executive coaching programs, the coach is to help the leader gain a better understanding of their own thought processes so that they are able to resolve issues independently. 

 

Employee Development

Though executive coaching is often undertaken by C-level leaders and senior executives, it may be worth considering for those who have been identified as high potential talent. Investing in executive coaching prior to the appointment of a more senior role, prepares the individual ahead of time by developing the skills needed to meet their specific goals. This means that when they do take on the new position, they do so with a greater idea of their own capabilities and how they will contribute to overall company success. 

 

one-on-one-1030x687 When is the Best Time to Invest in Executive Coaching?Improved Communication

One of the issues most often addressed in an executive coaching program is the need for better interpersonal communication. This is achieved using advanced leadership tools such as 360 reporting that allows the individual to understand how they are perceived by others, and also improve upon their emotional intelligence. Emotional intelligence is an important factor for being able to be understood effectively with people whose communication style differs from one’s own. 

 

The reasons an individual may have for considering executive coaching can be quite varied and, like executive coaching itself, all depends on what they hope to gain from it. The Leadership Sphere executive coaching programs help to embed new skills, improve interpersonal communication, and assist in change management at the individual, team, and organisational level. What matters most is that the relationship between the coach and the individual is built on trust. Therefore it is important to establish an understanding of where a person has been and where they want to go. Getting the balance of what one wants to achieve and how much they are able to be challenged is one of the hidden skills of a great leadership coach!

For more information about The Leadership Sphere and how we can help you unlock performance through leadership, by supporting your leaders at every level of the organisation with leadership development, executive coaching and high performance team programs please visit our website or call us on 1300 100 857.

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