Importance Of Leadership Coaching

What Exactly Is Leadership Coaching?

In the broadest sense, whenever you are working with someone acting in a coaching or mentoring capacity in an ongoing relationship to; raise your awareness, grow as a human being, develop your leadership skills and effectiveness, work through some of the common challenges managers and leaders face, close gaps between where you are now and where you want to be, translate goals into specific actions, change behavior, increase the impact you are having, and generally get better results - you could be considered to be engaged in some form of leadership coaching.

Who Seeks Coaching

Most clients that come to leadership coaching tend to be proactive and take their growth and development seriously. They are typically

Here, in addition to being well-trained, they typically do have some relevant experience as a leader, and often have accumulated additional knowledge on topics of frequent interest to their leadership clients such as: common leadership models and competencies, leadership and communication styles, team development, confidence building, stress management, etc. However, here in the middle of the spectrum coaches may not lead with assessments or have as much of a prescriptive approach. Typically the majority of leadership coaches tend to meet whatever agenda a client brings to coaching. (With my leadership coaching clients the 3 most common topics that contribute the greatest value are usually: 1) Learning the various core leadership competencies - which include; challenging the status quo, developing a compelling vision that connects to all constituents, enabling/empowering others, walking the talk as a leader, and mastering the wide range of emotional and communication skills required to keep people emotionally engaged. 2) Understanding the different common styles of leadership, (commanding, pace setting, visionary, coaching, etc.) their strengths and weakness and when a particular style is most effective. 3) Stress and time management. Stress is the silent killer of countless leader's initiatives and careers, and wreaks havoc with time management, overall energy and happiness

This of course depends on the agenda a client bring to coaching. However, International Coach Federation (ICF) research has shown that 83% of clients stay with their coach for at least 3 months and the majority of clients remain in coaching for over 6 months. Some clients never leave. (I have clients I have been talking to for over 14 years.)

What Does Leadership Coaching Cost?

This too is all over the map. Some coaches charge by the hour, others by the month and some bundle their services with specific assessments or more elaborate intake, interview or shadowing sessions (and associated travel expenses) over 6 months or a year. Common range of charges can vary from $500 per month to over $20,000 for a six month engagement. However, in a recent industry survey conducted by The Sherpa Coaching Group, the average executive coach was charging in the range of $330 an hour.

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