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How much should your organization pay to coach the next CEO?
The hourly rate paid to coaches of the highest level of leadership (CEO and direct reports) is rising, and some companies are spending $1 million or more a year to ensure their top leaders can manage within the continuing chaos of digital disruption, regulatory changes, demographic and consumer demands, labor shortages, and skill gaps. This seventh edition of a biennial survey focuses on how executive coaching trends are shifting and slowly evolving. Over the years, coaching has been embraced by more organizations, and its value appears to be growing across industries and for different leader levels.
Businesses today brace for the continuing chaos of digital disruption, regulatory changes, demographic and consumer demands, labor shortages and skill gaps, and more. Businesses need their leaders to evolve and learn how to manage within this chaos. They also need leaders to learn quickly, and coaching can provide the targeted, personalized, and focused development that is required.
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