You’ve heard about it…. (no I’m not talking Omicrom this time.) It’s “The Great Resignation.” It’s the highest numbers of people leaving their jobs in the past 6 months. It’s a restlessness, Maybe an awakening, causing a mass exit from many jobs, industries and sectors of the economy.
The past few years have created a list of factors making many workers ready, wanting and maybe now able to reach for something different. More desirable? More flexible?
If you fall in the ranks of those “looking,” maybe these are some things you’re questioning:
- At this stage of your career are you ready for the next level of leadership, challenge, or responsibility but aren’t sure of the steps to achieve this?
- Is relocation part of your company development plan and you‘d like to know if it’s right for you?
- Have you been passed over one too many times and you’re having difficulty communicating or seeing eye-to-eye with your boss?
- Have you considered taking your chances and just quitting or starting your own business, but assessing the risks and rewards is complicated?
- You want more family and personal time. In this new economy, does it still conflict with getting ahead?
Every four years since 2007 the International Coach Federation has collected data on a global scale to assess the impacts and benefits of coaching—for both coaches and their clients. They gather information from coaches, companies, and individual career coaching and executive coaching clients. A recent report came out at the end of 2020 with data from 2019 an can be accessed from ICF here.
Data below is from the 2016 report when polling was included on 210 of their dedicated coaching clients to gather thoughts on how coaching had changed their lives.
How Coaches Self-Identified in the ICF 2020 Coaching Industry Report
Coaches come in all shapes and sizes and work independently or are hired by an organization. If you work within an organization you are most likely exposed to leaders who identify as coaches within their specialty. Sometimes a company provides executive, leadership or career development coaching for a broad range of employees from someone struggling all the way to high-potential people they wish to grow. Then there are expert coaches hired independent of an organization.
What is important is that the coach be well qualified, trained and have expertise.
Interestingly the 2020 study reported a small but slightly higher number of coaches with expertise in business, executive and organizational coaching.
The powerful benefits these clients attributed to their coaching included these percentages:
Percentage of respondents who said they had:
- 6% a higher level of self-awareness.
- 4% became better at goal setting.
- 5% a more balanced life
- 1% lower stress levels
- 4% more self-confidence
- 5% enhanced communication skills
- 7% improved project completion
- 3% better relationship with boss or co-workers
- 8% health/fitness improvement
- 9% increased energy
- 9% more fun and free time
- 7% more income
- 3% a change in career
Percentage of respondents who say they turn to their coach for help on:
- 5% time management
- 3% career management
- 8% business advice
- 9% physical/wellness issues
- 5% career, financial, and lifestyle goal setting
Percentage of respondents who said they thought the main role of their coach is to be:
- 8% a sounding board – to listen to them and give honest feedback,
- 1% called the coach a motivator
- 7% a friend
- 7% a business consultant
Percentage of respondents who said their investment in a coach:
- 70% was “very valuable.”
- 28.5% of the remaining 30% said their investment was “valuable.”
The information above is taken directly from the 2016 report. Check back for research results later in 2022.
For more information on this research:
- https://erickson.edu/blog/icf-coaching-industry-infographic-profile-2016 INFOGRAPHIC 2016
- Go to https://coachfederation.org/research/global-coaching-study to find a free executive summary.
For more on this topic read my articles:
- 7 Ways to Focus When You’re Unhappy and Looking for a New Career
- 2 Steps to Create Security When Itching To Leave Your Job
- 3 Ways Career Coaching Can Help You Achieve Your Goals
- Tackle a Career Transition or Job Change with Confidence in 2020 and Beyond
- Couples and Career Transitions: 4 Steps to Maximize Your Success
- Successful Business or Career Transition Planning Should Always Include Your Mate
- Many more on how couples manage transitions together are found here
For more resources and guidance on business, career, and relationship strategies designed to move you and your life further, faster, request your free Discovery Call with Dr. Jan Hoistad today.