Understanding Executive Coaching Paper

Understanding Executive Coaching.

Executive Coaching has been prevalent in different forms throughout history such as Socrates to Plato, Jisabai advising young Shivaji on strategy or Larry Page guiding Marissa Meyer of Yahoo. It is still relevant today because, although some people are born leaders, others need help to emerge as leaders. They need to be groomed and guided into realizing their full potential as leaders.

Contemporary Executive Coaching is a developmental tool for fast track or high potential executives who are transitioning to new roles or taking on additional responsibilities. Sometimes, even existing leaders need to become influencers and motivators and go beyond their roles to achieve organizational goals. Executive

Firstly it’s the Executive Coach, then the executive, then their relationship and finally the organizational support. Coach is the enabler and the guide so it is important he /she be experienced, trustworthy, trained in the right techniques and able to articulate and communicate well to nurture a relationship with the executive. Executive coaching’s success is hugely dependent on this relationship. It takes two to tango and therefore it is vital that the executive has a strong desire to change and learn from the coach. Finally, the organization has to culturally, financially and professionally support the efforts of both the

• Leadership development by identifying, developing and more importantly engaging “high value” employees who are in crucial roles or likely to fulfil strategically important positions.

• Talent Management is concerned not only with just about retention of High Potentials (HP) but about measuring the return on the investment on these assets for the organization.

• Diversity management and building a high performance culture and workforce.

• Learning Organization - It fosters a learning attitude among the employees and brands the organization for a preferred employer.

• Succession planning - Talent Management aligns hiring and leadership succession processes to employee lifecycle model. This creates anchors for the talent as they grow from competency based roles to career development opportunities within the organization.

• Increase in Productivity - Today, Talent Management is one of the key components that contributes to employee retention as well as increase in productivity.

What does Talent Management entail?

At Verite HR, we see Talent Management as a part of the overall HRM strategy and therefore Key processes are dovetailed into it. Here is a glance at these processes