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The 10 most compelling reasons to provide Executive Coaching to develop your organization’s leaders!
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You are losing money if you are not training your leaders!
The top performing 10% of leaders represented nearly twice the net income as that of the middle 80%!
THE EXTRAORDINARY LEADER, Zenger Folkman |
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Leaders have a substantial and direct impact on the rate of talent retention and turnover!
> Studies have shown that 51% of employees think about leaving and that 25% will actually leave, resulting in a cost of between 150% and 250% of their annual salary!
> The top performing 10% of leaders are associated with an approximate turnover rate of 9%, while the bottom 30% of leaders showed a 19% turnover rate.
THE EXTRAORDINARY LEADER, Zenger Folkman |
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Leaders must learn continuously! When their learning stops they can:
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Encourage lack of effort in subordinates
> Stop developing others
> Omit encouragement of innovation
> Stop actively soliciting cooperation of others
THE INSPIRING LEADER, Zenger Folkman
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High performing organizations ensure that leaders are developing behaviors associated with their next level position!
> Lack of self-awareness can lead to inflated self-ratings of competence.
The Novations Group |
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Without the independent perspective of a trusted advisor, senior leaders are susceptible to “CEO disease”---the information vacuum around a leader when people withhold information. This vacuum fosters lack of self-awareness!
> Top executives typically get the least reliable information about how they are doing.
> In one study of poor performing companies, CEOs gave themselves the highest ratings on 7 of 10 leadership abilities, while subordinates gave them the lowest ratings on those same abilities.
PRIMAL LEADERSHIP |
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Emotional Intelligence can be developed by leaders with dramatic results!
> A leader’s mood and emotions are contagious—as far as 3 degrees away!
> The environment that surrounds people can influence performance by up to 34%.
Henley Research Center, UK
> One study’s results: positive top management team mood= increased group cooperation = increased business results
THE NEW LEADERS, Daniel Goleman |
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Leaders are often promoted for technical expertise and/or cognitive abilities, while their emotional intelligence is under-developed!
> Emotional Intelligence accounts for more than 85% of star performance in top leaders.
The Hay Group |
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The best leaders thrive when they have the independent support and guidance they need to meet today’s challenges.
> 84% of leaders surveyed said that the definition of effective leadership has changed in recent years.
> ~60% stated that they face challenges today that go beyond their individual capabilities, and that interdependence is the foundation of effective leadership.
The Center for Creative Leadership Study on ‘The Changing Nature of Leadership’ |
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The most powerful leaders are aware of their strengths---and the strengths of those they lead—as well as how to leverage and maximize those strengths to increase their contribution to the organization!
> Only 20% of employees feel that their strengths are in play every day.
> Where employees have the opportunity to focus on their strengths every day, they are 6 times as likely to be engaged in their jobs.
The Gallup Organization Study |
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Leaders create the organization’s “climate”---for better or worse!
> When a leader fosters even a 1% improvement in the climate, there is a 2% increase in revenue for the organization.
Study by Benjamin Schneider, University of Maryland |
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