Executive coaching programs are becoming more and more popular over the recent years. The reason for the recent popularity for this type of coaching program is mostly due to high-profile companies seeing the internal need for its leaders and staff. There has been research that shows that these types of executive coaching programs have positive effects for both leaders and employees. These programs allow for superiors and higher-ups to see things from an employee’s standpoint, in addition to being more engaged and involved in the workflow overall. Another significant benefit is that the workplace becomes more motivating and innovative after an executive coach comes in. Finally, the biggest the improvement was seen in efficiency and productivity overall.
While it is clear that executive coaching programs promote many benefits, it can still be a costly investment for a company. If you think that your company could benefit from such a training program, below are some ways to make a strong case for it to your supervisor:
- Lay out the concrete benefits: If you are presenting this to a CEO or higher-level supervisor, you will need to present the concrete facts that show what they will see as a return on investment. Show them how your company will learn new managerial styles, new processes, and best business practices to make the workflow more efficient and encouraging. Show them the new technology or tools that will be introduced. Tell them the new strategies that will lead to more effective results. The most important thing to touch on is how it will assist in increasing sales performance. There are a variety of research studies where you can utilize the increased statistics in order to show these concrete increases to your supervisor.
- Lay out the intangible benefits: After showing your superior the concrete returns on investment, you will then want to showcase the intangible benefits of an executive coaching program. There are a range of benefits you will see from these trainings, including communication skills, conflict resolution skills, presentation skills, organizational skills, social skills, and much, much more. An executive coach will provide you and your team with the ability to build strong professional relationships among co-workers and establish a strong, clear leadership style throughout the entire workplace.
- Review the various costs and potential outcomes: Here, you can lay out what the potential costs and outcomes could be. This way, you are being upfront and transparent when making a case for this. Many times, the outcomes from executive coaching programs are so successful, it will speak for itself. However, it is still beneficial to have a plan that lays out all costs associated with the hiring of an executive coach along with all of the outcomes you can expect to see.
With the above important main points listed out in a clear manner, your supervisor should be able to see all of the benefits of investing in an executive coaching program.
Author Bio:- John Mattone is the world’s top executive coach & authority on Intelligent Leadership (IL), the world’s best executive coach and the creator of the IL Executive Coaching Process and Certification. John Mattone is globally respected as a uniquely distinguished top leadership coach authority who can ignite and strengthen a leader’s inner-self and talents, which enables them to realize four “game-changing” outcomes that they can leverage in their business and life: Altruism, Affiliation, Achievement, and Abundance (The 4 A’s).