executive coaching

WHAT IT IS, WHAT IT ISN'T, WHY YOU NEED A COACH, TIPS FOR HIRING ONE, AND HOW TO MEASURE IMPACT OF COACHING

This article will help you understand:

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1. WHAT IS COACHING
What it is and what it isn’t, the difference between coaching and mentoring, an insight into the weird and wonderful world of “internet coaches”, and more.

2. HOW YOU CAN BENEFIT FROM COACHING
I’ll explain the main reasons executives and companies hire coaches, and what the main benefits are according to coachees.

3. HOW TO MEASURE THE IMPACT OF COACHING
It’s difficult to put a monetary value on investment on coaching. Therefore, according to surveys, most companies use qualitative indicators to measure impact. This section will ask a few critical questions and share the most common methods.

4. TIPS FOR HIRING A COACH
These days, everyone seems to be calling themselves a coach, making it rather tricky to find a good one. This section will walk you through the key selection criteria for hiring a good coach.

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I wanted to write article this to help clear up the confusion around coaching – because it’s a jungle out there. Yet there are many great coaches that help you create unleash your full potential..

First, the word coach… What does it say to you?

I don’t really like the word “coach” because it’s used in so many contexts, and so many people are calling themselves coaches, without proper training, experience or an ethical foundation for their work.The word “coach” has become debased these days.

In this article, I focus on executive coaching but most of what I say applies to life coaching as well. I’ll use the terms “coach” and “coaching” for both executive and life coaching.

what is executive coaching mindcore

Download pdf version of this article here.

WHAT IS COACHING?

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co-creation coaching

A professional coach is a master of the process of cognitive self-development, is focused on the here and now, and is a catalyst for reflection and change.

A definition from the International Coach Federation: “Coaching is partnering with clients in a thought-provoking and creative process that inspires them to maximise their personal and professional potential.”

In his inspiring book “The War of Art” Steven Pressfield writes: “Most of us have two lives. The life we live, and the unlived life within us. Between the two stands Resistance.”

A professional coach will help you explore and deal with the resistance.

Working with a professional coach you co-create a “safe space” within which you can explore your challenges, limiting beliefs, values, attitudes, assumptions and aspirations, in complete honesty and without fear of judgement.

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The professional coach is trained to support you on this exploratory inner journey. He/she will NOT provide answers or advice but discern, probe, and nudge you forward in discovering your own answers and create clarity. When you’ve reached a higher level of clarity the professional coach will challenge you to co-create a plan to go from insight to action and bring about change.

Such approaches apply to all types of coaching. Whether it’s life coaching, executive coaching, relationship coaching or another form, the coach’s role is to ask the hard, intrinsic questions.

This also means that all forms of coaching should take a holistic view of the coachee’s life.

You may hire an executive coach to address professional challenges or a relationship coach to address challenges in the relationship, but both your professional role and your role as partner stand on the same deep foundation – which is YOU.

beliefs and values

According to a survey by Harvard Business Review[1], only 97% of executive coaches are hired to support professional development but 94% of them say that over time the conversations shift to the bigger issues like life purpose, work-life balance, and how to lead from within.

See more on the benefits of working with an executive coach below.

[1] https://hbr.org/2009/01/what-can-coaches-do-for-you

WHAT IT ISN'T?

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Coaching isn’t a pink unicorn that aligns your chakras. Nor will it make the car of your dreams magically appear on your driveway if you call on the mythical creature daily.

If we leave the woowoo aspect of coaching aside, in my experience, the most confusion around the professional coach’s role is how much subject matter expertise a professional coach should have in the client’s domain.

Here, people often confuse professional coaching with mentoring.

There is a distinct difference between coaching and mentoring, and while your coach may move seamlessly between the two, it’s important for the coach and coachee to be clear about the difference, and when it’s appropriate to lead with coaching versus leading with mentoring.

A mentor is a subject matter expert who in the role of a trusted advisor shares his/her experience with the client. A mentor has typically lived through the mentee’s situation and can share his/her wisdom as a trusted advisor. The benefit of have a mentor is that you may be able to take shortcuts by reflecting on or adopting the your mentor’s advice, or both.

However, be careful to not avoid the hard questions and answers that you should explore yourself. As with many things in life, it can be tempting to focus on the easy answers and move forward quickly, instead making the extra effort to find your own answers.

Maybe you need a mentor instead of an executive coach?

If your primary reason for hiring support is enhancing your skills in your professional field, rather than cognitive exploration and development, a mentor can be very valuable to help you plan your route, guide the way, help you avoid the pitfalls, and cheer you on when the going gets tough.

Not ready to move forward until you’ve sorted out issues from your childhood?

Another common misconception is that coaching is confused with counselling or therapy. Like I said before, coaching is focused on the present and path to the future and will only address past issues if it’s relevant to helping you move forward in the here and now. If you need to untangle issues on the path from the past to the present, you’re better of seeing a therapist rather than a coach.

Just want to get the job done? Hire a consultant.

The distinction between coaching and consulting generally well understood, but just to be clear: A consultant is hired to come with the right answers, a coach is hired to come with right questions.

The weird and wonderful world of “internet coaches”?

In the weird and wonderful world of internet I see a lot of “coaches” making bold extrinsic promises like the business coach who will help you earn a six-figure income in one month as you work from home (along with many other, occasionally more realistic and credible pitches).

These people often call themselves business coach, performance coach, marketing coach, etc., and while their intentions often are honest, their approach is far from coaching.

From what I’ve seen they typically don’t seek “partnering with clients in a thought-provoking and creative process that inspires them to maximise their personal and professional potential.” Rather, such coaches seek to provide answers based on a blueprint model with defined steps based on their own experience (and sometimes success) in their specialisation.

As you can see from below, an illustration what they do really lies somewhere between mentoring and consulting, not coaching.

difference coaching mentoring

This may seem like a semantic difference, but each title (coach, mentor, consultant, etc.) are associated with very different expectations from a reasonably informed client.

So, if the service provider is unclear about the terminology, it’s of critical importance to do the due diligence and clarify expectations about the relationship. Is the service really coaching? Or is it mentoring, consulting, training, or a hybrid? All of these can provide tremendous value if you have the right expectations!

The bottom-line: it’s critical to understand what is offered and clarify expectations.

HOW AN EXECUTIVE COACH CAN BENEFIT YOU

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The essence of coaching is to help the client manage himself or herself better, and to clarify and update their inner compass.

In executive coaching, we direct our attention to professional performance but very often the root cause of the issues we uncover are insecurities about how to tackle life, inside and outside the work environment.


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A lot of research has been done on why executives fail, and across the studies the main reasons executives fail include[2]:

  • Difficulty handling change

  • Not working well in a team

  • Poor interpersonal relationships

All of these directly link back to the executive’s ability to handle his/her own emotional state and level of personal mastery.

Leading business performance isn’t about what you know but about how you relate to others, and the relationship is determined by the quality of the conversations you have. High quality conversations emerge from a foundation of trust, which is the product of intent, authenticity and competence.

Therefore, effective leadership is personal and requires you to be able to lead yourself first.

At the same time, we are in a perpetual state of catching up. Catching up on macro trends, technological advancement, the competitive landscape, organisational performance and with family and friends. Therefore, seemingly fanciful notions like self-reflection tend to be pushed down the priority list, week after week, month after month.

The truth is though that self-reflection holds the key to business performance and personal fulfilment.

However, coaching isn’t enough and doesn’t create change in itself. Coaching can clear a mental fog and open up the landscape of possibilities, but the client must take action to create change.

Surveys show that the success of coaching is tightly linked to the attitudes of the coachee. Coachees who demonstrate curiosity, a willingness to learn, and take action in life in general are also those reporting the highest level of satisfaction from working with a coach.

Would Serena Williams and Michael Phelps be world-class athletes without coaches? No. They and most other world-class athletes have multiple coaches, at least two: one coach for developing their technique in their specific sport and one to help them with their mental game.

If you want to perform at your full potential in life and business doesn’t it make sense to have sparring partner to help you master your mental game and navigate the choices you're faced with?

[1] http://www.exe-coach.com/the-business-case-for-coaching.htm

MEASURING THE IMPACT OF COACHING

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First, the cost of coaching as a percentage of the executive’s total remuneration package is very small, so with the total investment in an executive in mind let’s turn the question around and ask: what is the cost of not having a coach?

  • What is the cost of executive burn-out?

  • What is the cost of a dysfunctional management team?

  • What is the cost of lost opportunities because the executive doesn't take time to be challenged, ro reflect and to look towards the future?

It’s hard to quantify in financial terms the increased motivation levels, greater creativity and innovation, more effective teams, and the other “fluffy” stuff that are key ingredients of a successful and effective leader?

Sure, you can measure increase in revenue after coaching the sales leader. But is the revenue increase because of the coaching, or because of less sick days in the team, or market forces, or something else?

Most companies use soft indicators to measure the impact of coaching

A common method for evaluating the effectiveness of coaching is to perform a 360-evaluation or a self-assessment, or both, at the beginning of the coaching relationship and do the same a few weeks in or at the end to get a qualitative indicator of the return of investment.

According to Sherpa Coaching’s 11th Annual Executive Coaching Survey[3], the 3 most popular ways of measuring the impact on coaching are 360 feedback, well-being and engagement, and performance reviews.

roi of executive coaching

[3] http://www.sherpacoaching.com/annual-executive-coaching-survey/

TWO TIPS FOR HIRING A COACH

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To make it easy and practical for you, there are two things you need to consider when hiring a coach: experience and personality, and in that order.

A successful coaching relationship requires personal chemistry but can’t replace experience so start evaluating that and for those that pass that needle’s eye it’s about personal chemistry.

How to evaluate a coach’s experience?

Evaluating experience of executive coach means looking at two things: (a) coaching experience and (b) relatable experience.

Coaching experience is about repeatedly getting sustainable results that in practical terms means that the coaching approach is underpinned by a clear methodology.

A certification from a reputable professional coach association will ensure the coach is trained on and experienced in coaching methodology. However, this doesn’t a guarantee that the coach is good. There are great coaches without certifications – and there are certified coaches who are awful.

However, due to the plethora of coaches, many companies do require a coach certification from a well-established and reputable professional coach association.

The International Coach Federation (ICF) is the largest professional coach association in the world and de facto sets the standard for coaching ethics, methodology and education in coaching.

By narrowing your search to ICF-certified coaches you’ll ensure that your shortlisted candidates have a thorough understanding and experience of professional coaching because even the entry-level certificate requires significant study and client coaching experience, irrespective of seniority and other experience.

Relatable experience is about enabling rapport and trust to create a “safe space” for effective coaching. This doesn’t mean an executive coach should have done the executive clients job before but should have worked in a similar setting. Maybe different industry, different domain and different culture but can relate to the systemic, cultural and political challenges the executive faces.

Personal chemistry is critical for a rewarding coaching relationship

This is more important than coaching qualifications but make sure that your shortlisted candidates understand and practice professional coaching.

The previously mentioned survey by HBR also asked what they look for when hiring an executive coach and the top two criteria (with a clear gap between the third and the rest) in order of importance are:

  • Experience from coaching in a similar setting

  • Clear methodology

Personal chemistry is more important than formal coaching qualifications, but make sure that your shortlisted candidates understand and practice professional coaching.

A coaching relationship requires a “safe space”. A mental space that allows for comfortable sharing of what really goes on in the client’s heart and mind. Since coaching is about finding your own answers, a client must explore the undercurrents of his/her mind, and reflect, be encouraged and challenged, to reach new insights.

This can only happen in coaching relationship if there’s mutual respect and both the coach and client feel they can speak freely and be candid.

The best way to find out if there’s personal chemistry is simply to meet with a couple of the shortlisted coaches and see if you click.

A good thought experiment is to think if you'd have enough to talk about be comfortable spending a few hours alone in the car with the coach. If your answer is Yes, you probably have the foundation for building a rewarding coaching relationship.

In summary

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I wanted to write article this to help clear up the confusion around coaching – because it’s a jungle out there. Yet there are many great coaches that help you create magic!

To reiterate the key points.

Executive coaching is key to sustainable business performance and personal fulfilment.

When looking to hire a coach, make the long-list based on accredited coaches (I recommend ICF), then a shortlist based on experience and methodology, and finally meet a couple of coaches to evaluate personal chemistry.

Rather than focusing on ROI, ask yourself what’s the cost of not supporting your executive, and then measure impact with 360 feedback.

what is executive coaching mindcore

Download pdf version of this article here.

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ICF certified coach fredrik lyhagen

About Fredrik Lyhagen

Fredrik is an executive coach, workshop leader and facilitator focused on leadership development from the inside-out and is passionate about conversations that explore intrinsic motivations and push the boundaries of comfort zone.

He draws on his 15+ years of experience from consultative sales, sales management, talent management, alliance management and strategy consulting in large international multi-cultural organizations.

Fredrik is Swedish, has lived abroad for study and career over 15 years, and is since 2008 settled in Prague with his wife and daughter.

He is an accredited professional coach by International Coach Federation (ICF) and facilitator of premium leadership transformation programs in partnership with Oxford Leadership.