Advantages of Executive Coaching

Well before the word ‘coronavirus’ entered our day-to-day vernacular, seismic changes were being made in the workplace. Big businesses were already working to accommodate a new generation of talent, a generation with a whole new set of expectations and different priorities. For example, the new workforce places a higher value on their mental wellbeing, people want more autonomy over the direction of their careers and don’t necessarily aspire to ascend rigid hierarchies,

Executive coaching advantages

Well before the word ‘coronavirus’ entered our day-to-day vernacular, seismic changes were being made in the workplace. Big businesses were already working to accommodate a new generation of talent, a generation with a whole new set of expectations and different priorities. For example, the new workforce places a higher value on their mental wellbeing, people want more autonomy over the direction of their careers and don’t necessarily aspire to ascend rigid hierarchies, motivation will be particularly important as more people work remotely.

Most, if not all of these trends are likely to accelerate post the COVID-19 pandemic. Businesses of all sizes will be obliged to re-evaluate their structure and their workplace ethos in order to attract and retain talent.

Executive coaching is the most effective way to start making these changes. Good leadership and management skills are invaluable in this new climate. Principally, executive coaching helps by creating an environment of open communication. From there, you’ll be able to assess and adapt the modus operandi of your business to make it more efficient and maintain a high level of satisfaction amongst employees.

Here are some key skills boosted by executive coaching:

1. Empathy

Not an attribute that has traditionally dominated business thinking, empathy is now identified by business leaders as one of the five key skills of successful executives in today’s digital, global economy.

The ability to understand differing perspectives will enhance interactions with colleagues, leading subordinates and peers to seek your counsel. It is also invaluable beyond company walls: in a global economy, empathy is instrumental in helping you understand audiences from different territories and determine their needs and how you can best fill them.

2. Self-awareness

Introspection plays a big part in my executive coaching sessions. Don’t worry, that doesn’t mean you’ll be reclined on a chaise lounge while we uncover childhood trauma! In coaching, self-analysis is about understanding your strengths and motivations and then applying them to your position or to your career journey.

Being self-aware allows you to capitalize on your strengths, and be mindful of what skills you need to work on. It also helps you to overcome frustrations as you can more easily recognise what’s causing, for example, errors in your work or slumps in productivity. Once the problem is identified, you can respond dispassionately and work to resolve it.

3. Motivation

Understanding and being conscious of what drives you is key to maintaining motivation, even during a difficult task. Sometimes you need more than the promise of a paycheck to get you through working overtime. Executive coaching can help you reconnect with your career goals so that when you feel bogged down during the tough times, you can step back and take a look at the bigger picture.

4. The ability to motivate others

Great leadership is a consequence of the three other benefits listed above. Being self-aware, understanding what motivates you, and developing empathy all enable you to better understand your team and help them achieve their goals. The result: a motivated and satisfied workforce that feels valued and are prepared to work efficiently as part of a team.

This is not, by any means, an exhaustive list of the advantages of executive coaching, I could go on and on. For me, these are some of the essential skills that are particularly important in a rapidly changing work environment. Time will tell as to what extent the pandemic will continue to affect these changes, but I strongly believe that coaching executives will be all the more important for motivation, trust and good communication.

If you have any questions about this blog post, or would like to know how executive coaching can benefit your business, please get in touch, and I’ll be more than happy to assist you.

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