In the stressful environment of your professional career, there is nothing more motivating than having someone who will push you to strive for success!
This is why executive coaches are rather important and as we look towards the future, their world is taking on a new and more improved shape. There may be a stronger focus on the psychological aspects of your career or more automation. Regardless, the coaching will continue to grow and so does a number of ways in which it will change in the near future!
1. Increased Regulation
Currently, the coaching industry is non-regulated. Meaning everyone can call themselves a coach. However, increased regulation is likely to start in order to define the different types of coaching. From life coaching to career coaching to executive coaching, the industry will be required to standardize credentials and training.
2. The Era Of Automated Coaching
In real estate, success is always based on location. But when it comes to coaching, it’s based on technology. Executive coaches will differentiate themselves in the near future by connecting via platforms and be able to meet almost anytime and anywhere, regardless of their physical location. Executive coaches will be able to engage with clients via gamification, micro-learning sessions and will add value by offering client access to content beyond their counselling session.
3. Coaching Will Take Over Consulting
This one might take a full decade, however, coaching is beginning to rise in status over consulting. The aging demographics continue to demand a broad transfer of professional, industry and institutional wisdom. The consulting industry augments gaps in knowledge, however, coaching stresses the transfer of wisdom. Young and smart leaders will seek to learn more as talent becomes harder to “rent”.
4. Better Focus On Positive Psych
Positive psychology is known as the scientific study of what is right with people and makes them flourish and thrive. In the not-so-distant years, executive coaches will be using the principles of positive psych in order to help their clients create more profitable, productive and positive workplaces.
5. Working With Coaches Will Be A Norm
Thanks to shows like “Billions”, the desire and need for coaching have tremendously expanded. The idea that there is someone that can help build your muscles in the gym is also now relating to someone coaching a business executive through critical decisions as well as managing stress.
6. Content Over Process
Asking perceptive questions in order to help people achieve their career or life goals will always be the core of good coaching. However, that alone is not enough. In the next years, we will see more operators with leadership and deep industry experience serve as coaches. The demand for coaches who have “been there and done that” will continue to rise as they are more positioned to help young leaders look around the corners.
7. Demonstrate Measurable Results
In the coming years, successful executive coaches will be set apart from others with their ability to show and demonstrate measurable results. Clients will start to choose those coaching organizations that can clearly demonstrate how they have helped them move the needle. Structured feedbacks, post- and pre-360 interviews and other tools will be used to qualify and quantify results.
8. Coaching Not Just For The Elite
Thanks to the increasing number of certified coaches, the normalization of coaching rates and the improved ROI that results from the pairing of leadership training and coaching, coaching will become more common in leadership and employee development at all levels. In the coming years, coaching will no longer be viewed as something that is available only at the executive level.
9. Coaching Digitalization
As culture changes, so will the methods of delivery for coaches to their clients. The days of in-person coaching is slowly declining whereas online training, webinars and other digital coaching methods will become the norm. Clients will demand coaches that can be accessed easily and fit into their busy schedule without a problem.
10. Experience Coaching
In the near future, the coaching industry will move from explaining things to experiencing it. People will demand to learn in a way that is fun and memorable. New information and breakthrough thinking will be determined by executive individualization that is grounded on the experience an executive needs to achieve new patterns of action.