Yet Another Study of Why Coaches are Engaged!
The Harvard Business Review recently ran an article that was the outcome of a survey that was conducted with 140 coaches and a handful of “experts”.
The top three reasons coaches stated they were engaged:
1. Develop High Potentials within an Organization
2. Act as a Sounding Board
3. Address “Derailing” Behavior
Here at FutureDecisions we would agree with 1 and 3 and not so much number 2. Our experience has led us to believe that the top reasons a coach is engaged are more related to preserving a valued employee and assisting them in being successful in what may be a difficult situation. After all, it is much less expensive to hire a coach and save an employee than to lose that employee and incur the cost of replacing them.
While acting as a sounding board is a great reason to hire a coach and can be a very valuable tool for a leader it is not one that seems to be very compelling, at least not for those clients that contact us.
Finally, if you happen to read the HBR article please know that the rates FutureDecisions charges are considerably less than the median of $500.00 quoted in the article. Not sure if we are undercharging or the individuals that were surveryed are overcharging….
