7 ways to improve coaching roi jh09
DESCRIPTION
2000 hours of coaching with managers at global companies in Greater ChinaTRANSCRIPT
Jesse S. Hsu, Execuive Coach & T.M. Consultant
7 ways to Improve Coaching ROI
Stretch your coaching budget to save time and achieve more in the longer-term
Jesse S. Hsu, Execuive Coach & T.M. Consultant
7 ways to Improve Coaching ROI
1. Prepare your coachees mindset for the Program before it even begins.
2. Communicate at the top: make sure the Program initiator have the senior managers’ roles and support agreed among the steering committee
3. Priorities and measurement of the program4. Target groups and individual selection5. Map, standard, profile…for ideal outcome6. Tie-in coachee progress with reward system7. Progress review schedule
Jesse S. Hsu, Execuive Coach & T.M. Consultant
1. Prepare your coachee’s mindset
What is a coach?Why me?Power/command.Expectations. Who is behind this?Coach who?Stakeholders?
Jesse S. Hsu, Execuive Coach & T.M. Consultant
2. Communicate at the top
Coaching program can cause significant impact on the corporate talent development.Have the senior managers’ roles and support agreed among the steering committee members.Even CEO can decide if s/he will participate as a coach or advocate for the Program. So the rest of the company will adopt their roles.
Jesse S. Hsu, Execuive Coach & T.M. Consultant
3. Priorities and measurement of the program
How to define the success of the ProgramWhat are the key indexes of the defined successHow to bench mark the current realityMeasurement typically used include: 360 report, Performance review, Leadership competency-based survey
Jesse S. Hsu, Execuive Coach & T.M. Consultant
4. Select your most coachable employees
Target groups and individual selection. Articulate your criteria for optimal outcome.Is it by status (hi-potential), function, ranks, people management experience, supervisor endorsement…?The are tools to survey among employees for being coachable or becoming a coach (“whom will you seek input as a coach?”)
Jesse S. Hsu, Execuive Coach & T.M. Consultant
5. Competency profile…for ideal outcome
Coaching is a custom ordered 1:1 development opportunity, then learn from companies such as Johnson & Johnson, GE and other.They all provide a global Leadership competency model for programs to guide leadership development effort.1:1 coaching provide most value when such Model is expressively communicated and honored by both coach and coachee.
Jesse S. Hsu, Execuive Coach & T.M. Consultant
6. Reward result with review system
For any sustainable behavioral change, the environment and its reward system can play an even more effective role than the coach.How can the changes be validated and supported by the supervisor?How will the performance enhancement be captured by the review agenda and future evaluation?
Jesse S. Hsu, Execuive Coach & T.M. Consultant
7. Progress review schedule
Coaching progress needs to be kept accountable with key stakeholders. Confidentiality should be honored at progress report in order to maintain trust between coach and coachee.Progress review can be scheduled at half way and at the end.
Jesse S. Hsu, Execuive Coach & T.M. Consultant
Survey with top managementRate your organization against Best Practice in
Coaching. Has your organization: (Answer with a “Yes” or “No”)
1. Clarified why a coaching program is necessary to meet business needs? __
2. Clarified the purpose of the coaching program in writing, have gotten agreement from the CEO and senior leaders on what that purpose is? __
3. Clarified the exact role that the CEO wishes to play in the coaching program (ranging from total hands off to total hands on)? __
Jesse S. Hsu, Execuive Coach & T.M. Consultant
Rating Your Organization4. Established clear priorities and/or measureable program
objectives so that the coaching program does not try to be all things to all people? __
5. Target groups or individuals to be served by the coaching program and identified best-in-class performers in the organization? __
6. Established blueprints for the people of the future through the development of a competency model to guide coaching? __
7. Recognized coaching in performance management/appraisal? __
Jesse S. Hsu, Execuive Coach & T.M. Consultant
Rating Your Organization8. Prepared a flexible action plan to guide implementation of the
coaching program with the recognition in mind that a total system rollout cannot occur at lightening speed? __
9. Established a regular review schedule to examine results of the coaching program? __
10. Established a system for training coaches? __11. Established a means to reward or recognize those who do
coaching? __--End of the test--
Jesse S. Hsu, Execuive Coach & T.M. Consultant
The result is…
Your Total Score (if each “Yes” stands for 1 point):__
Which phase of Coaching System Readiness is your company in?
Score 0-3: Awareness4-7: Implemental8-11: Refining