Executive Coaching Statistics and Facts

Category: In the Press

Executive Coaching, Biz New Orleans:

"International Coach Federation has almost quadrupled its membership in the past four years. About 8,000 life and business coaches belong to the organization, which is the largest of its kind. Annual spending on executive coaching in the United States is estimated at roughly $1 billion."

"Nearly half of the 247 senior executives surveyed by the Hay Group reported they didn't feel adequately prepared for their new leadership roles. Also, the need for soft skills, such as the ability to build informal relationships, is intensified in today's leaner organizations, according to the report.

This is where coaching comes in. Coaching focuses on the psychological aspects of a transition or of a problem a business is facing. Coaches look beyond the surface and probe what is going on inside leaders’ heads."

"Because it can be expensive -- sometimes in the realm of $1,500 a day for CEO-level service -- it tends to be off limits to tiny companies. But some local coaches who offer both personal and business coaching will work with individuals or small business owners on an hourly basis. Their rates range from $80 to $150 an hour. "


Sometimes, Even the Boss Needs a Coach, Concord Monitor

"People at the top are lonely. They don't get to where they are by making a lot of friends. The truly smart executives realize that the things that made them great will destroy them. They realize that things change and new methods (of management) are needed.

In the past, a CEO's word was absolute. Employees either did it the boss's way, or they found work elsewhere. Now, largely because the economy is becoming more global, management is evolving into something more like the Asian model - inclusive and team-oriented...

Some CEOs have insecurities and may be corrupted by the need to be told they're right. A good coach can be a counterforce to those insecurities and work as a check against power corrupting."