News & Insight
June 2021

The Benefits of Executive Coaching

Leader working with her coach

Ever since WHO announced COVID-19 as a global pandemic, organizations everywhere have been under extreme pressure while building complex and changing workplaces. Companies that wish their leaders to work at their highest level of productivity and deliver required results during this challenging time need to invest in their top talent.

Executive coaching is one of the most effective tools for achieving this. Coaches work with leaders to help them harness their full potential and address any issues they face that can prevent them from being effective. Through a greater sense of self-awareness, leaders at all levels can channel their strengths to build teams that align with the organization and create a more rewarding work environment.

Here is how executive coaching can help a company’s leaders:

Empower Leaders to Go Beyond their Capabilities

Coaches can help individuals understand their strengths and weaknesses better, even hidden ones they’ve never been fully aware of. When done correctly, coaching can help a leader and their manager create a result-oriented development plan that leverages individual strengths and minimizes weaknesses, while devising the best way to measure real progress.

Provide Insights for a Healthier Work Life

Coaching brings a wealth of insight to help leaders go beyond their limitations and gain a new, better perspective on their work. Coaches push them to step back and identify foundational issues and the self-imposed limitations restraining progress or creating unnecessary stress. With these new insights, executives can size up day-to-day challenges better and create more robust, and healthier, strategies for handling them in the future.

Help Leaders Become Open-Minded

Executive coaching works wonders in combating narrow-mindedness. Coaches encourage leaders to have an open mind in creating solutions and in accepting help from others. Coaching fosters flexible leadership that builds stronger and more inclusive teams, and allows for quick and precise decision-making even under pressure.

Improve Communication

Poor communication is one of the most significant barriers to good leadership. Coaches help identify areas for improvement and strategies for achieving noticeable results. They can also help leaders better connect and influence teammates of different demographics, personality types, ages and past experiences. By improving their communication skills, leaders can bolster their credibility and overall impact.

Establish a Goal-Oriented Approach

Coaching helps connect leaders to the company’s goals. It helps executives step back and identify roadmaps for long-term objectives. Coaching assists leaders in better aligning their team’s objectives and employee development to better fit the greater organizational goals.

Feedback for Better Outcomes

At the heart of any effective coaching lies a relationship of trust and honest, helpful feedback between the coach and executive. Coaches provide executives with feedback they may not get from those they work with. Coaching assists individuals in discovering and embracing the truth about themselves, the good and the bad, so that they can change and grow.

Ready to Invest in Executive Coaching?

According to a study conducted by a Fortune 500 company, 77% of the respondents indicated that executive coaching had a significant impact on business success factors. Of these, productivity and employee satisfaction were among the top two. The study noted that Executive Coaching produced a 788% ROI. No wonder companies are increasingly investing in executive coaching to help build strong leaders. If you are one of these, reach out to WJM Associates, a company known for 20+ years of best-in-class executive coaching.

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