The Challenge of Finding High-Quality Executive Coaches
By Julie Maloney and Mary Jo Asmus
There is currently easy access to entrance into the market of executive coaching making it possible for anyone to “hang up a shingle” and call themselves an executive coach. With a relatively easy point of entry, low startup costs, and a marketplace paying top fees for executive coaches, anyone with a little savvy and a corporate demeanor can pull the wool over a company that doesn’t know what background and experience to look for in an executive coach. This results in wasted dollars, frustration, and stories about “bad coaches” that taint those who have the experience and qualifications to legitimately call themselves an executive coach.
Executive coaching is a newly expanding profession and major companies did not use coaching much before the 1980’s. There are no studies that show what makes a good executive coach or what standards should be met for effective coaching. Many “coaches” have had little or no coach training or business experience; much less background in large companies. Therefore, there are some principles that can be followed to assure that quality coaches can be found when the need arises within an organization.
There is a growing need for executive coaches, with good reason. Change management is constant; business is moving faster than ever; and there is more global competition than any other time in history. Executives and their organizations have realized the benefits of maximizing human capital, and the paradigm of “lead or get out of the way” means that leadership – with all of its facets – is essential and needed now and for the future. Leadership development supports the growth of leaders. Executive coaching provides individual, personalized, and customized support for that growth.
Executive Coaching is different from other types of coaching – such as life planning, career counseling, wellness or nutritional advice. Executive coaches work within the framework of a unique business or corporate culture to help executives produce business results for their organizations. The unique dynamics of a corporate culture require a unique approach and background of the individuals who are contracted to coach executives. We have heard the claims that there are “20,000” or “”40,000” coaches out there – but a select few have the background, experience, credentials and professionalism required to coach executives in a corporate setting. For those who are looking to contract to bring coaches into their organization, it’s a “buyer-beware” situation; and many do not know where to look for good coaches or what to ask for in coach credentials. This has resulted in some horror stories of “coaches gone bad”, with money lost and credibility for the executive coaching profession and process questioned. Additionally, because high-quality executive coaches are in demand, their capacity to take on new or additional clients is limited. This tends to keep pricing high for good executive coaches with appropriate backgrounds.
Even many large coaching organizations that represent the profession and subcontract coaches to organizations cannot adequately discern what is important in terms of coach credentials. Some require a hefty fee from the coach to be part of their referral network and are willing to take anyone who pays the fee. The large numbers of individuals involved in these organizations must be sifted through using some sort of selection criteria, then interviewed and selected using some criteria or guidelines. In order to stack the deck toward finding quality coaches, one of the best methods to find good coaches is to utilize good-old-fashioned referral networks along with descriptions for the specific criteria or characteristics needed in the coaches. This can be time-consuming and costly, but in the end will yield the best results.
What to Look For:
The following are criteria that could be explored with each coach that will be brought into the organization, and may not be a part of her biographical sketch:
- Specific language requirements: Is the coach fluent in a specific language needed to coach your executives?
- Location of coach and participant: Is the coach located in a specific time zone? Although most or all coaching meetings can be done over the telephone, time-zone proximity will make scheduling coach-participant meetings easier.
- Coach-specific training: Has the coach had training in a coach-specific process and skill set? How much?
- Educational background: Does the coach have a degree, and in what area?
- Experience in giving feedback on 360° or other assessments: Has the coach had training and/or experience in providing feedback and developing action plans around the assessments that will be used?
- Business/corporate experience: Does the coach have specific business or corporate experience and/or background? Have they coached executives in an organization similar to yours in size, complexity, or products/services offered?
- Coach credentials and/or base number of accrued coaching hours: How long has the coach been coaching? How many accrued coaching hours has the coach had?
- Willingness to subscribe to ICF Code of Ethics: Does the coach subscribe to an ethical code? If not, would they be willing to sign a contract that includes subscribing to the ICF Code of Ethics?
- Willingness to sign a contract for services: Is the coach willing to sign a contract or agreement (with all of its organizational specifics) for the coaching?
- Availability/capacity to take on new clients: How much space does the coach have in her schedule to take on the number of new clients you need coached?
There may be other organizational or culture specific criteria that are important as well, but these specifics provide a beginning to a screening process for finding the executive coaches that meet your organizational needs.
©2007 Julie Maloney Inc. and Aspire Collaborative Services LLC