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Westergaard Lykke posted an update 2 years, 11 months ago
What are the benefits of corporate coaching? Rob Bernstein shares his experience in this article. He provides insight into the benefits of corporate coaching, the characteristics of a good corporate coach, and the cost of hiring a coach. Read on to learn more. After reading his story, you’ll be ready to hire a corporate coach. What can corporate coaching do for you? And what should you look for in a corporate coach? Then, choose your corporate coach wisely.
Lessons from Rob Bernstein’s experience
As an executive vice president of sales for an automotive parts distributor, Rob Bernstein frequently found himself at odds with his employees. Though good with clients, Rob was infamous for publicly humiliating a mail clerk for interrupting a meeting to sign for a package. young , Bernstein had a good mentor, former corporate attorney Tom Davis, who coached him for four years. Through his guidance, Rob learned effective methods for managing people and developing trust.
As young , Rob Bernstein has been able to share his insights with audiences across the world. As a speaker and trainer, Rob has spoken at leadership conferences, including the YPO Gold, the ING Bank Annual Leadership Conference, the Wharton Business School, and the Schulich School of Business. In addition to facilitating workshops, Rob has worked with some of the top companies in the world, including ING Bank, Sony Music Entertainment, Philips, BASF, and Merrill Lynch.
Goals of corporate coaching
Successful corporate coaching programs emphasize learning, clarity, and action. In order to determine the benefits of a coaching program, the employee and coach need to refine the focus of development. This may include defining a broad area of influence and identifying the most effective focal areas. It may also include identifying clear success measures that can be measured over time. Coaching clients often report that coaching has far-reaching benefits, such as improved soft skills.
The goals of a corporate coaching program are set by both the executive and the coach. These goals should align with the executive’s core values and the organization’s strategic objectives. Typically, executives set their own goals, but they may also be mandated by their organization. In this case, the goals are the primary focus of the coaching and often the sole focus. Goals may be specific to the business, such as increasing profits, increasing staff retention, or expanding. Those in specific roles might have different goals, or a coach may focus on transitioning from a previous role to a new one.
Characteristics of a good corporate coach
There are several characteristics of a good corporate coach. Executives who work with them must have strong communication skills, be able to listen well, and be able to summarize concepts that may be poorly expressed. young should have a high level of empathy and respect for their clients. They should be able to build a trusting relationship with their clients, making it possible to fully confide in them.
Self-awareness: A good business coach should be willing to accept their own shortcomings and work to improve them. young is a major flaw in a coach who refuses to acknowledge their own mistakes. Self-awareness helps them react to feedback positively and follow up on it in a timely manner. A good coach should be willing to put in the hours necessary to become a good corporate coach.
Cost of hiring a corporate coach
The average cost of hiring a corporate coach ranges from $1,000 to $4,000 a month. Fees can be even higher if you want your CFO to be involved. Coaching can also help you break outside of your comfort zone and make strategic business decisions. However, there are many factors to consider before choosing a coach. Here are some things to consider. The cost of hiring a corporate coach is based on your company’s size and industry.
First, determine the type of coaching you need. If you’re looking for a career coach, a coach with a lot of industry experience may be the best option. Coaches with extensive industry experience will charge more than those without, but they’ll be worth it if their expertise and experience are in your desired field. Some coaches charge between $150 and $300 per hour, and many are on retainer, meaning they will see several executives over the course of a year.