A 2020 survey conducted among the Fortune 500 companies revealed that executive coaching generated 788% ROI for enterprises. More than 70% of the coaching recipients experienced an increase in productivity and performance. 96% of the enterprises said they would continue with executive coaching their employees. The data attests to the ongoing demand for executive coaches, which will increase in the days to come. Therefore, now might be the best time to undergo executive coaching training and enhance the career prospects as a coach in the corporate domain.
Definition of executive coaching
Executive Coaching can be defined as an efficient and high-impact process of helping people at high-performance leadership positions to improve their performance and achieve desired results through sustainable efforts.
Executive Coaching Training and Certification Process
There are multiple avenues and certification programs that you can choose for executive coaching training. It commences after you enroll in a training program under an institute that is recognized by:
- ICF (International Coaching Federation)
- EMCC (European Mentoring and Coaching Council)
- BCC (Board Certified Coach)
These are international regulatory bodies within the coaching industry that validate your knowledge and certification as a professional.
The ICF, for instance, is the largest global organization for professional coaches. If you are interested in getting an ICF accredited executive coaching training, then there are multiple pathways to follow, such as ACTP, ACSTH, etc. It will depend on what pathway the institute is accredited with.
The standard process of becoming an executive coach entails the following:
- Enrolling in an accredited executive coaching training program.
- Undergo coach-specific training hours (online/offline) under a credentialed coach as a trainer.
- Learn and understand the coaching competencies and the Code of Ethics.
- Complete 10 hours of mentoring under a credentialed mentor.
- Complete specific hours of coaching sessions under the trainer’s supervision.
- Fulfill the required hours for coaching assignments.
- Undertake the final Coach Knowledge Assessment.
Once one completes all these phases, the training institute would present the executive coaching certificate accredited by ICF or EMCC (depending upon your program accreditation). The certification allows you to start your practice as an executive coach. You can either join an enterprise as an in-house executive coach or conduct individual practice and work with multiple organizations seeking executive coaching for their employees.
Although it is not mandatory, getting a credential from a designated organization adds more credibility to the coach’s profile. It also propels them amongst the global community of credentialed coaches, presenting the opportunity to connect with peers all over the world.
To start your journey as an executive coach, you first need a reliable institute for training. Team Transformation is a global coaching institute with a specialization in executive coaching training. Their programs are updated with full compliance to the standards and precedents set by ICF. Contact now to get more details on executive coaching training.