Why Is Executive Coaching Important?
Executive coaching is important because CEOs and other executives often fail. According to research, there were 1,640 CEO changes in 2019 alone. Strikingly, the government/nonprofit sector led all industries with a CEO turnover total of 339. These numbers point to a disconnect between leadership, organizational culture, and the realities or conducting business in today’s world.
Having to replace an executive can cost millions of dollars in lost revenue, severance packages, and search fees.
The hiring of an executive represents a significant investment for an organization.
By the time the executive has been hired, the organization has likely spent thousands to millions of dollars investing in their development.
Executive coaching can be an insurance policy on a new, high-profile hire or an existing leader who could use help expanding and enhancing their skill set to meet new challenges and demands.
Executive coaches bring something unique to the table
A specialty in the human side of business and leadership. Because coaches spend time getting to know their clients, they are afforded an intimate view into their worlds. This level of access to business leaders comes with a powerful level of influence. Coaches also use their expertise to help their clients cultivate critical human qualities, such as empathy, compassion, and equity. Our executive coaching will enhance your leadership capacity, facilitating a higher level of performance — for you, your team and your organization.
