Some valuable advice for people hiring Executive CoachesJuly 18, 2019
Some valuable advice for people hiring Executive Coaches
As the leader of the organization, you may have noticed that Executive Coaching is here to stay. It has thrived even in the recession, because it has proved worthwhile to improve morale and teams rather than fire them out of hand. If you have arrived at the decision of hiring an executive coach, this is what you need to consider:
Whose Executive Coach is the person? Now it is common sense that the coach you hire is going to be loyal to the person paying him. You are the top executive so the best thing to do is to personally retain the coach. Once you know that his loyalty is towards you, not the shareholders, not the investors, you have a better field to play in. The coach will, of course, give excellent advice for the company if he is hired by the investors, but his loyalty will not be with you.
Qualifications of the Executive Coach: Go over these with a fine toothed comb. Get someone who has experience, “real time experience” in the corporate world. The field is full of people who have purchased a degree but do not have relevant experience. Get the track record, and look for relevant skill set to your requirement.
Ask for references: This will ensure that the Executive Coach has helped other organizations, and if possible talk to someone whom the coach has worked for so that you know the qualities and shortcomings of the person you are going to hire.
The money: Remember, you pay peanuts and you will only get monkeys. There are people who charge a few hundred dollars a month. They can not give you what you want. You can afford better and you should get the best.
Today, executive coaching is right for your firm if you are going through a transitional period or if you want to help your management team with their skills and motivation.
John Peterson has been contributing to leading magazines for the past 10 years. He’s also an accredited researcher on the subject for leading research institutes in the US.