Working Resources is a San Francisco Bay Area Executive Coaching Firm Helping Innovative Companies and Law Firms Assess, Select, Coach, Engage and Retain Emotionally Intelligent Leaders; Executive Coaching; Leadership Development; Performance-Based Interviewing; Competency Modeling; Succession Management; Culture Change; Career Coaching and Leadership Retreats
Dr.
Maynard Brusman
Consulting
Psychologist and Executive Coach
Trusted Advisor to Senior Leadership Teams
The Business Case for Executive Coaching
The higher up the organizational ladder an executive goes, the less he/she can depend on technical skills and the more one must have effective interpersonal skills and emotional intelligence. Organizations spend large sums of money to hire coaches for top executives in an effort to improve these abilities. Are coaching programs effective in improving bottom line performance in organizations?
Although it was once used as an intervention with troubled staff, coaching is now part of the standard leadership development training for executives in such companies as IBM, Motorola, J.P. Morgan Chase, Hewlett-Packard and many others. Brokerage firms and other sales-based organizations such as insurance companies use coaches to bolster performance of people in high-pressure, stressful jobs. Currently, organizations are looking to recent work on emotional intelligence to augment approaches to executive and management development.
Coaching Study
The
International Coach Federation Global Coaching Study Reports that the ROI of
Executive Coaching is 700%. The ICF conducted a qualitative and
quantitative global client survey and interview research project on the return
on investment of executive coaching. Highlights related to the return on
investment from coaching are reported here. This is a crucial practical
research topic -- what do coaching clients say is the value of coaching?
The design phase of the research
consisted of three components: First, fourteen in-depth interviews were
conducted with an international sample of coaches to assist with the design of
the questions to be utilized in the qualitative and quantitative study.
Second, the qualitative research phase consisted of five focus groups with a
total of 41 clients participating. The focus groups allowed for in-depth
probing of qualitative issues. Third, the quantitative research component
consisted of 2,165 coaching clients from 64 countries participating in a 20
minute online survey.
What do clients say motivates them to
begin coaching? The clients cited career opportunities and business
management as their most important reasons for seeking coaching services.
Both coaches and consumers of coaching
services are interested in Return on Investment (ROI) studies on coaching.
An often cited ROI study of executive coaching, Coaching for Increased
Profitability: How to Deliver and Demonstrate Tangible Results to the Bottom
Line by Merrill C. Anderson, Ph.D. MetrixGlobal (2003) had reported an
ROI from coaching of 788%.
In an apparent confirmation of that
finding, the ICF Global Coaching Client Study Executive Summary (April 2009)
reports, "The vast majority (86%) of those able to provide figures to
calculate company ROI indicated that their company had at least made their
investment back. In fact, almost one fifth (19%) indicated an ROI of
at least 50 (5000%) times the initial investment while a further 28% saw an ROI
of 10 to 49 times the investment. The median company return is 700%
indicating that typically a company can expect a return of seven times the
initial investment."
Source: ICF Global Coaching Client
Study, Executive Summary, April 2009, in consultation with
PricewaterhouseCoopers LLP, and Association Resource Centre inc.
Are you working in a professional
services firm or other organization where executive coaches provide leadership
development to help leaders become more effective? Does your organization
provide executive coaching for leaders who are motivated to create
organizations that flourish? Enlightened leaders tap into their emotional
intelligence and social intelligence skills to create a more fulfilling future.
One of the most powerful questions you can ask yourself is “Can executive coaching help me become a better leader?” Emotionally intelligent and socially intelligent organizations provide executive coaching to help leaders grow and develop their full potential.
Working with a seasoned executive coach and leadership consultant trained in emotional intelligence and incorporating assessments such as the Bar-On EQ-I, CPI 260 and Denison Culture Survey can help develop emotionally intelligent leaders. You can become a leader who models emotional intelligence and social intelligence, and who inspires people to become fully engaged with the vision, mission and strategy of your company or law firm.
About Dr. Maynard Brusman
Dr. Maynard Brusman is a consulting psychologist, executive coach and trusted advisor to senior leadership teams. He is the president of Working Resources, a leadership consulting and executive coaching firm. We specialize in helping San Francisco Bay Area companies and law firms assess, select, coach, and retain emotionally intelligent leaders. Maynard is a highly sought-after speaker and workshop leader. He facilitates leadership retreats in Northern California and Costa Rica. The Society for Advancement of Consulting (SAC) awarded Dr. Maynard Brusman "Board Approved" designations in the specialties of Executive Coaching and Leadership Development.
For more information, please go to http://www.workingresources.com, write to [email protected], or call 415-546-1252.
Subscribe to Working Resources Newsletter: http://www.workingresources.com
Visit Maynard's Blog: http://www.workingresourcesblog.com
Connect with me on these Social Media sites.
http://twitter.com/drbrusman
http://www.facebook.com/maynardbrusman
http://www.linkedin.com/in/maynardbrusman
http://www.youtube.com/user/maynardbrusman
Comments