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March 26, 2019 | Report
How much should your organization pay to coach the next CEO?
The hourly rate paid to coaches of the highest level of leadership (CEO and direct reports) is rising, and some companies are spending $1 million or more a year to ensure their top leaders can manage within the continuing chaos of digital disruption, regulatory changes, demographic and consumer demands, labor shortages, and skill gaps. This seventh edition of a biennial survey focuses on how executive coaching trends are shifting and slowly evolving. Over the years, coaching has been embraced by more organizations, and its value appears to be growing across industries and for different leader levels.
Businesses today brace for the continuing chaos of digital disruption, regulatory changes, demographic and consumer demands, labor shortages and skill gaps, and more. Businesses need their leaders to evolve and learn how to manage within this chaos. They also need leaders to learn quickly, and coaching can provide the targeted, personalized, and focused development that is required.
This need for a “different” leader of the future is not new. With direction from the Coaching and Leadership Development Council, this report highlights executive coaching practices of organizations. The Global Executive Coaching Survey 2018 is the seventh edition of a biennial survey conducted by The Conference Board. The study focuses on how executive coaching is managed within organizations and examines the external and internal coaching practices of profit, nonprofit, and government organizations.
Building on previous coaching studies by The Conference Board, this current study focuses on how trends are shifting and slowly evolving. Over the years, we have seen coaching embraced by more and more organizations, and its value appears to be growing across industries and for different leader levels. The benefits of coaching match companies’ desperate need for developing leaders into leaders of the future.
This year’s results reveal the f
This publication is exclusive to members of The Conference Board.
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