We are living in uncertain times. While we may not know how long this new normal will last or what the world will look like when it’s over, the one thing we do know is that the organizations that evolve, adapt, and turn obstacles into opportunity will be the ones who thrive. We also know that leadership is a differentiator and that the leadership development journey should never stop.
Now, more than ever, it is crucial for organizations to invest in coaching for their executives and high-potential leaders in critical roles. In times of rapid change or disruption, the responsibilities and duties of executives become even more challenging. But, through these unstable, uncertain, and complex times, inspiring leaders are needed the most. Meanwhile, high-level leaders often find they have few trusted sounding boards given their unique pressures and often confidential challenges.
Why Virtual Executive Coaching is Essential.
Executive coaching is a growing industry. In fact, more than 70% of formal leadership development programs include coaching. Even in challenging business environments when company resources are under tight scrutiny, organizations prioritize leadership development and executive coaching. This is due, in large part, because in uncertain times, leaders are responsible for making key, strategic decisions that can change the course of the company.
Virtual executive coaching is not new; however, it has been growing significantly over the past decade. In fact, a 2008 study found that only 26% of coaching occurred virtually. Ten years later, only 35% of coaching was conducted in person. Now, in today’s virtual world, it is accelerating even faster.
One of the reasons for this growth is the ability for organizations to scale coaching throughout the organization as clients can easily access their coach on demand – anytime, anywhere. Another reason is related to budgets. By reducing or eliminating in-person sessions, travel expenses associated with traditional executive coaching can decrease.
A Behavior-Based Approach, Built on Real Data.
At XBInsight, we use a virtual, behavioral-based coaching model that includes a behavioral approach to learning and change. We believe this approach helps leaders uncover opportunities in the face of significant challenges while building on the key skills that lead to success.
Our executive coaching program is unique in the industry because we create development plans using our own propriety leadership assessment data collected over 20 years to determine the strengths and weaknesses when benchmarked against our leadership success profiles. These profiles include the key competencies required for success in a particular role based on hundreds of leadership assessment data across 50 industries.
To learn more about our industry-leading executive coaching and development program.