Benefits of Executive Coaching
Whether you are a business owner, team leader, or corporate professional, executive coaching can guide you in developing and producing meaningful change within your personal life as well as your organization. The benefits of executive coaching reach far beyond the leader, they benefit all aspects of the business, from CEOs to all employees, regardless of rank. When those in power develop and improve, their organizations are quick to follow, allowing for growth in all capacities.
Leadership skills and business success are closely interlinked, and executive coaching may be the encouraging process needed to amplify your leadership and professional potential. Executive coaching is a buzzword in the business industry, but you still may be wondering, what exactly is executive coaching? Below we will discuss what the form of coaching is, the benefits of executive coaching and how a professional executive coach can guide you and your organization along the path of success.
What Is Executive coaching?
Coaching refers to the relationship between professional coaches, mentors, or counselors and their clients, with the goal of supporting individuals to reach their true potential. Executive coaching does exactly this.
Executive coaching, also known as leadership coaching, focuses on guiding individuals to reach their leadership potential while teaching leadership skills that are necessary for business and career growth. The professional training provided in executive coaching focuses on those in power by helping them become more beneficial and effective leaders, in turn, contributing to a foundation of a happier, healthier, and more successful company.
Executive coaching is uniquely action-based and aims to work on leadership development skills in professionals who are achievement-oriented and motivated. Professional coaches will work with clients to cultivate more aware, ambitious, and intelligent employees.
The biggest aim for an executive coach is to see both the client and their business thrive. Leaders in any field look to coaches for guidance and encouragement. For example, professional athletes will often turn to their professional coaches in order to maintain their success and work towards reaching long-term goals. Similarly, leadership coaching revolves around learning how to lead with adaptability and confidence and deepening one’s self-awareness.
Who Should Work With an Executive Coach?
Depending on what you do and who you are, an executive coach can be beneficial for various people in different positions, it depends on what areas an individual needs help within. Executive coaching services are not just reserved for the CEO of a large company, but promote leadership development in individuals within any leadership role, no matter how big or small.
Any individual eager to improve can consider joining an executive coaching program. Perhaps you are unsure of how to direct your energy, making it harder to achieve ultimate success. A professional coach can help you to understand your motivations and goals and anyone wanting to improve their capabilities should look into hiring an executive coach.
Personal Benefits of Executive Coaching
The benefits of a coaching relationship are endless, it allows you to work on the key elements of successful leadership of your employees. Whether they are your executive team or not, all members of your organization will benefit from you partaking in this coaching. As time passes with your coach, you will uncover your personal approach to leadership. Coaches aim to help you experience the success you are striving for. Guidance in working toward success is just one of the many benefits of executive coaching. Below, we have compiled five basic benefits that you will personally experience from the executive coaching process.
Self Awareness and Self Regulation
Research has found that good self-awareness and better self-regulation skills are qualities of an effective leader. These emotional intelligence skills are closely interlinked and when they are embedded within leaders and employees, they are found to set clearer and higher goals and become a lot more committed to working towards achieving these. Leaders learn how to cope and diffuse troubling scenarios that may pop up at work and are able to make productive decisions.
Learning how to empathize with your peers increases your ability to understand and support them. For many individuals, empathy requires heightened emotional intelligence and is a learned skill that takes a conscious effort. Whereas for others, it is a natural personality characteristic.
Regardless of which category you fall into, executive coaching can increase your ability to relate and connect to others, especially your employees. An effective leader is one that has great listening skills, can listen to people’s emotions and concerns, and is an advocate for individuals who often do not have a voice.
Development in Leadership Skills
All good leaders possess certain qualities and traits that make them successful, and the good news is anyone who is motivated can develop these different traits. Of course, some individuals have these come naturally to them, but executive coaches can help you learn to master these different skills.
Certain skills that make an effective leader include:
- Ability to motivate others
- Excellent communication skills
- Dealing with problematic situations
- Efficiently handling day-to-day tasks
- Knowing how and when to take risks
- Mentoring
- Creating vision
Executive coaching allows you the time and space to perfect these leadership skills.
Constructive Feedback and Accountability
When you are in a leadership position, it can be difficult to receive constructive feedback from those surrounding you. Often, employees will hold back feedback, either from fear or backlash or they may just lack the knowledge. Executive coaching allows for intensive feedback on who you are, your leadership style, and your ideas.
Ideally, your coach will gather 360-degree feedback about your development needs, strengths, how you are perceived and what you need to do in order to have a more successful performance level, and the different ways your employees believe you can make a positive impact. This type of feedback can be gathered in a number of ways, such as online surveys or one on one meetings with your employees and colleagues.
Goal Attainment
Those in a leadership position are the ones leading their team or organization towards an end result. A strategic objective. Executive coaching helps you to lead and achieve these objectives. The process helps enhance your ability to create goals and attain them. Leaders will learn how to use their own strengths to increase performance, productivity, and a stronger outlook and execution on different strategic imperatives.
Although many leaders will already have goals, this does not mean that they are always S.M.A.R.T. An executive coach can help you create business or personal goals that are:
- Specific
- Measurable
- Achievable
- Relevant
- Time-bound
These goals are achievable and when goal setting is done with a correct mindset, they can give a business direction that is unified. Learning how to set these goals is important for personal growth as well as for the future of the company.
Confidence
When we think of good leaders we think of them as being confident. Confidence is possibly one of the most important qualities that effective leaders can possess, when leaders feel self-assured and empowered, they are able to make decisions and encourage employees to trust in their decision-making. Executive coaches can guide leaders in how to gain confidence in overcoming seemingly impossible obstacles.
True confidence seemingly and easily commands respect from those surrounding the individual. Maybe as a leader, you often second guess your decisions or struggle with public speaking, executive coaches will guide you with expert techniques to help you work through these anxieties. In reality, anyone is capable of developing a confident presence, it just takes dedication, time, and purpose.
Benefits of Executive Coaches For Your Business
While the personal benefits of executive coaching are evident and far reading, it also builds the essential leadership traits that are needed to run an effective company, benefiting the businesses as much as their individual leaders.
Business Growth
While investing in executive coaching is beneficial for you as a leader, it is also the next step to ensure that your employees are also dedicated and engaging in promoting your organization’s success as much as you. Successful companies value and know their staff, they are aware that their employees are essential to their business’ success so aim at creating positive work environments. Executive coaching will encourage you to invest in your employees and the development of human resources as they are both extremely valuable but easy investments that can increase your business growth.
Increase Work Engagement and Job Satisfaction
Leadership motivation helps grow work engagement, often resulting in an increase in employee well-being and satisfaction. By working with an executive coach, you can work on your ability to understand and meet the different needs of your employees. Once these are met, employees are able to focus solely on their work tasks and maintain increased levels of energy throughout their days.
By training yourself in leadership behaviors, dedication, vigor, and commitment are boosted within your workplace, resulting in more productive relationships and a more productive workplace, as well as satisfied employees.
Boost Job Performance
A study based on leadership interventions demonstrated how working with executive coaches increases ‘in role’ and ‘extra role’ performance amongst employees.
The study defined ‘in role’ performances as activities that were directly related to the job and that served the organization’s goals. The ‘extra role’ performance is related to behavior that doesn’t directly influence an employee’s work but increases the effective functioning of the organization.
When leaders are coached to deliver clear goals, act as role models, give constructive feedback, and support employees when they are feeling stuck, ‘in role’ performance is significantly increased. Similarly, guiding leaders in encouraging and establishing positive relationships, candid communication, and offering more one-one support, positively influences employees to take on this ‘extra role’ behavior, creating a high-functioning and more productive workplace.
Coaching at Feinberg Consulting
When it comes to handling challenging scenarios or life events, many individuals would benefit from having a nonbiased and trusted source that pushes them to their truest potential. That is what our coaching services provide. They act as a trusted confidant, reliable guide, and sounding board to help individuals tackle challenging life events with ease and confidence.
At Feinberg Consulting, we offer personalized coaching sessions to individuals who are in need of accountability, guidance, and support. Our different coaching sessions provide individuals with goal development, professional accountability, improving confidence, unbiased feedback, and the ability to overcome obstacles.
Our executive leadership coaching helps individuals who are in positions of leadership develop and improve their leadership skills, providing guidance and direction in the areas of company culture and values. As your coaching engagement reaches the end, you will be able to re-enter the workplace with a new and improved skill set. Other types of coaching we offer include:
- Family Coaching
- Life Coaching
- Career Coaching
- Health Coaching
Contact us today to see how our team of coaches can provide the insight that you may be looking for. Our professional coaches are here to provide support, compassion, and accountability to anyone looking for guidance.
