Coaching is a powerful tool because it changes something within you. It breaks the wall that’s standing between you and your success without any additional investment.
It is a leadership style that focuses on the present–it focuses on what you have, and helps you make the best use of your current skills while developing new ones. And here’s the best part: all of the above is true for both the coach and the mentee. Each session unlocks new potential in both.
In this post, we’ll explore the concept of coaching and check out its demand in the next four to five years. Let’s get started!
What Is Coaching?
The internet defines coaching as one of four leadership styles in which the coach facilitates their student’s learning process. It aims to help in a reflective manner instead of a directive manner, which is how it differs from teaching, mentoring, or consulting.
A coach can be anyone with the right skills. Though the best executive coach certification programs are popular, you don’t need a professional degree or academic background to become a coach.
Skills needed to become a good coach include:
- Facilitation skills: You should have an understanding of how to define and meet goals.
- Empathy: You should be ready to connect with your mentee and understand why the struggle is real for them.
- Assertiveness: You should be confident in your skills and decisions. Each mentee approaches problems differently, which can lead a learner to doubt themselves. Your confidence will serve as an anchor for you and your mentee.
- Active listening: You should listen to your mentee attentively and hunt for the emotions behind their speech, thoughts, and body language.
- Quick adaptation: You should be flexible enough to tailor your coaching approach to your coachee’s needs.
Who Can Benefit From Coaching?
Anyone struggling to achieve personal and professional goals can benefit from a coach’s help. A coach can become the go-to person for someone looking for guidance on overcoming obstacles.
The coach, in turn, uses their personal experience of a similar situation as well as their mentee’s strengths and weaknesses to make logical suggestions and propose effective strategies and solutions.
The Types of Coaching
How coaching helps employees varies based on the type of coaching. The types of coaching that exist today speak volumes about its power—you can find an established coaching industry for almost anything and everything.
The five most popular types of coaching are:
- Executive coaching
- Skills coaching
- Career coaching
- Relationship coaching
- Personal life coaching
Other types of coaching include social coaching, mental health coaching, self-love coaching, strategy coaching, team coaching, success coaching, recruitment coaching, and the list goes on.
In terms of the style of coaching, there are several types, as well. The most popular ones include democratic coaching, bureaucratic coaching, holistic coaching, and transformational coaching.
What Is the Future of Coaching?
Two phenomena have been dramatically amplified on a global level after the pandemic—anxiety and the love of the present. Both of these have increased the demand for coaching, as many people have lost their patience to learn through the long and strenuous journey of life. They’ve decided to find help for themselves.
This means more and more work opportunities will open for coaches in the near future. Here are a few statistics that prove this:
- Hiring rates for life coaches have gone up by 51% since 2019.
- About 70% of entrepreneurs seek leadership coaching and tend to perform significantly better afterward.
- 63% of organizations that arrange coaching sessions for their employees see significant revenue growth.
- About 60% of executives reported performing better after acquiring a coach’s help.
All in all, coaching is a powerful tool that has the potential to change the lives of both individuals and organizations. The continuously increasing demand for coaches shows that the future belongs to these leaders–if you’re interested in becoming a certified coach, check out Symbiosis Coaching’s certification training programs today!
Wondering why managers might need coaching skills? Check out our latest article.