What is executive coaching?
Executive coaching is a target oriented division of the learning development program. This process is focussed on training executives who have hail from diverse backgrounds of education and experience. Executive coaching provides a personalised learning experience, addressing challenges that are personal to the individual.
The purpose of executive coaching
There are two sides of defining the purpose of executive coaching. Firstly, the individual executive who is receiving the coaching is benefited and secondly this entire procedure ultimately benefits the organisation he is working on.
- Benefits of the executive: This is something similar to personal grooming. The executive coaching procedure is filled with techniques that help in identifying the goal areas of the executive and helps in creating a structure to achieving those goals. Coaching enables the coachee to create a personal action plan to address personal challenges. Since both the goals and solutions are created by the coachee, there is a higher buy-in and impact than a generic training program. Coaching can focus on a number of important qualities like punctuality.
Executive coaching is often done due to the gap between the expectation and reality in the job output from these executives. The coaching procedures are so planned that the executives receive an overall grooming session which includes sharpening their key skills while building some new and productive skills that the executives are able to adapt to in a short span of time.
- Benefits of the organisation: The organisation no doubt is highly benefited due to the well trained executives. The overall job performance and employee retention becomes higher than before. The employees scale new and better height. The overall position of the business firm is improved. This kind of investment brings in more fortune than probably that as expected. Executive coaching is designed to unleash the inner potential of people. So, it is always the best option to harness them.
The present status of executive coaching
Currently, a pretty remarkably lesser percentage of business firms take this kind of expenditure in a serious manner. This is remarkable because lack of systematically imparting education system in the business world is bringing down the possible success rates all across the globe.
Initiatives like executive coaching can help bridge the skill, knowledge and attitude gap. It provides an opportunity for continuous growth of executives, no matter how seasoned they are in the system.
The need for executive coaching
Executive coaching is a crucial part of the learning and development initiatives today. Executives are able to effectively align personal and organizational goals.
Besides, a continual learning procedure, executive coaching makes the work life a little better and keeps the employees away from the job monotony.
The executive coaches are so trained that they gain the ability to enable rectify the work related problems of the employees. Some of these common problems here may refer to the few instances that are inclusive of silo mentality. Such tiny rectifications lead to a better input from the executives.