Best times to hire an executive coach are when your organization is facing challenging times such as a change or transition that requires leadership bench strength beyond current capacity, or when there is an individual performer who could use a breakthrough in the areas of emotional intelligence, interpersonal savvy, communication skills, leadership development, or executive presence. Think about providing an executive coach for those individuals whose performance has a critical impact on the profitability of the company and for key executives going through a period of transition.
Ask yourself and your leadership this: What will be the cost to our organization of not hiring an executive coach to provide critical support and challenge for this person/situation?
Hiring an executive coach should also be considered for key individuals at critical stages in their career, and the payback to bringing in an executive coach can be enormous.
External executive coaching should be provided for successful people from whom you are looking to leverage superior performance. The return on the performance improvement obtained through hiring an executive coach will be considerably greater than the sum invested.
Executive coaching is a great leadership development option for:
o Business leaders
o Those newly promoted to key roles
o Identified high potentials and emerging leaders
The level of the coach’s experience, skills and credibility are essential. The coach works with key individuals to deliver both individual and organizational growth and this means being able to engage with executives on live business issues. The process helps clients develop a detailed understanding of their situation and roles, to articulate a personal business strategy, and to take action to advance their results for the organization as well as their own career.
A top level executive coach who is capable of leadership coaching will have a depth of experience and expertise that they bring form a variety of other organizations and contexts. Along with this invaluable external view, they will also bring a strong business focus, energy and rigor, and a toolkit of coaching skills and techniques.
The coach needs credibility, presence, backbone and heart. An executive looking to hire a coach needs to know: “”How quickly can you get on board with me?”, “Do you get what I am talking about?”, “Are you practical, effective?”, “Do you have some depth to your experience?”
The skills, knowledge and appropriate behaviors required of a senior executive and a coach are different, and an effective executive coach must have both. This means, therefore, that they should have a practical understanding of the intersection between leadership and coaching, and should have completed a significant period of coach-specific study since coaching is an intensely practical interpersonal skill set.
To quote Martin Gillespie at Inspire Development & Coaching, “When you first meet a prospective executive coach, you should take time to assure yourself that they are articulate and intellectually robust about their distinctive approach to coaching. You also need to ask yourself: What is it going to do for my personal credibility to put this person in front of one of our senior executives?”
Recently, I saw this article posted in Forbes Magazine online, and I found it to be a provocative, yet articulate depiction of when and why to hire a coach…below are excerpts and you can read the full article at the link above.
Executive Tools
Who Needs An Executive Coach?
Douglas McKenna, 08.04.09, 06:30 PM EDT
Not everybody. Here are five questions to answer before you hire one.
Executive coaching is hot. What was stigma (“You’re so broken you need a coach?”) has become status symbol (“You’re so valuable you get a coach?”). Executive coaching–personal training in leadership from someone who provides it for a living–should be used like a powerful prescription drug that works best under certain conditions. When employed as a cure-all, it is less effective, too expensive and has negative side effects.
1. How valuable is this person’s performance and potential to your organization?
When done right, executive coaching is expensive and time-consuming. It should be reserved for people who are critical to your organization’s success, or will be in the future. In general, this includes everyone at C-level, heads of major business units or functions, technical or functional wizards, and your bench of high-potential young leaders.
Just how expensive and time-consuming is executive coaching? Although there is tremendous variation in fees and arrangements among coaches, be prepared to pay a C-level coach what you pay your top attorney. If this seems excessive, consider that a coach must have the experience and expertise to quickly grasp a leader’s situation, challenge assumptions and choices, and bring credible, fresh ideas to the table. Doing this with your best and brightest is not easy. And given the influence a coach can have on an executive’s decisions and actions over the course of a typical six-to-12-month engagement involving bimonthly meetings, regular phone calls and e-mail check-ins, a bargain coach whose sophistication does not match the client’s is a big mistake.
2. What is the challenge the person is facing right now?
People, relationships, organizations and behavioral change are what executive coaches know best. When an executive is struggling to learn how to best manage herself and engage others, you’ve found the sweet spot for executive coaching.
He might be a chief executive officer trying to figure out how to work with his board chair. Or a regional vice president scaling up to global responsibility, learning how to lead her former peers. Or a technical wizard who destroys teams with his resistance to all ideas but his own.
But be warned: An executive coach is not a consultant. He may have technical or functional expertise. But he should not be used as an answer person, an extra pair of hands or a bolster for a weak leader. He helps executives think through and tackle their own problems. Self-reliance, not dependency, is the goal.
3. How willing and able will the executive be to work with a coach?
The client has got to want to change. A bright, motivated coaching client can step up to most challenges. A bright, unmotivated one will waste everyone’s time and money. Working with an executive who has been pressured into coaching by his boss or human resources department is an uphill battle, though it’s not impossible.
Coachability is important. Look for a track record of unusual growth under the guidance of teachers and mentors. Coachable executives readily share their experience. They are realistic about their strengths and weaknesses. They learn from others but do it their own way, taking responsibility for whatever happens. They know how to leverage a coach.
4. What alternatives to coaching are available?
There are many ways to help executives grow as leaders. High-level training, mentoring, reading, job rotation and special assignments are just a few. The most overlooked alternative is attention from the individual’s own manager. As coaching has become more fashionable, I’ve seen too many managers abdicate their own coaching responsibilities, turning a struggling executive over to a professional. Sometimes the problem is beyond what the manager can handle. But often managers hand off executives because they’d rather not deal with messy people stuff.
The manager is already being paid to coach. Don’t incur an executive coaching expense if the problem is within that manager’s capabilities.
5. Are key people in the organization ready to support this person’s efforts to grow and change?
Changing the way you think and act is tough even when you have support from others. But when key leaders above or beside you are indifferent, skeptical or hostile to changes you’re trying to make, things get exponentially more difficult. Coaching works best when key people in the executive’s world stand solidly behind her. They need to provide tailwinds, not headwinds. Coaching relationships in a vacuum of support fall apart before any goals are achieved.
When conditions are right, executive coaching can be one of the best people investments you’ll ever make. But it is not a panacea for every executive development problem. Answer these five questions, and you’ll make better decisions about who is likely to benefit from coaching. And who isn’t.
Douglas McKenna is chief executive officer and co-founder of the Oceanside Institute. Formerly head of leadership development at Microsoft, he coaches senior executives around the world.