Welcome to International Coaching Week Singapore Chapter

Transcription

1 Welcome to International Coaching Week 2017 Singapore Chapter

2 Research on Trends in Coaching Avni Martin Head of Science & Research Committee Bernadette Cenzon Member of Science & Research Committee

3 Research on Trends in Coaching ICF Global Research Team Coach Perspective Client Perspective Organisation Perspective Layman or Consumer Perspective ICF Singapore Science & Research Committee APAC Comparative Study on Trends in Coaching vs Other Forms of Intervention for Organisations Development Recorded Coaching Demonstrations of 11 ICF Core Competencies Your Perspective!

4 Trends in Coaching Coach Perspective MONEY Total revenue = $2.36 billion Growth from 2010 to 2014 = 19% Asia 4.8% N. America & W. Europe ~40% each Source: 2016 ICF Global Coaching Study

5 Trends in Coaching Coach Perspective MONEY % of Coaches offer another service Only Coaching Other Services Average Income of a Coach ~ $53,000/year Source: 2016 ICF Global Coaching Study

6 Trends in Coaching Coach Perspective DEMOGRAPHICS ~ majority over 30 years ~1 in 5 are over 50 years Coach Practitioners Managers/Leaders Using Coaching Skills 83% Practitioners 17% Use Skills 66% Female Source: 2016 ICF Global Coaching Study

7 Trends in Coaching Coach Perspective OBSTACLES & OPPORTUNITY Untrained Coaches Need for Credentialing No.1 Opportunity - Increase Awareness of Coaching Source: 2016 ICF Global Coaching Study

8 Trends in Coaching Client Perspective TYPES OF COACHING EXPERIENCED Source: 2009 ICF Global Coaching Client Study

9 Trends in Coaching Client Perspective POSITIVE IMPACTS OF COACHING Source: 2009 ICF Global Coaching Client Study

10 Trends in Coaching Client Perspective IMPORTANCE OF COACH ATTRIBUTES Source: 2009 ICF Global Coaching Client Study

11 Source: 2009 ICF Global Coaching Client Study Trends in Coaching Client Perspective CHARACTERISTICS OF A COACHING EXPERIENCE Written agreements? 64% use them How much are clients paying? $171 USD and a total of $4,353 How satisfied are clients? 99% satisfied, of which 96% will be coached again Individual ROI: 68% had at least made back the investment, hard to measure. Company ROI: 86% had at least made investment back, average ROI 700%

12 Tools such as 360 feedback and employee surveys are used to measure impact Source: 2013 ICF Organisational Coaching Study Trends in Coaching Organisational Perspective Coaching is widely used in companies in varied degrees Coaching has evolved over time Coaching is available to senior level executives and sometimes key talent Organizations use a mixture of internal and external coaches Confidentiality is of utmost importance Some internal coaches get partial and some full accredited training Recommendations or reputation is extremely attractive Organizations use a pool of coaches developed over time, and do not look for new Organizations report improved leadership and employee engagement Impact is often not measured and measuring is considered to be a challenge

13 Trends in Coaching Organisational Perspective Understanding Coaching Culture Source: 2016 Building a Coaching Culture With Managers & Leaders 17% of respondents had a strong coaching culture Evidence that strong coaching culture correlates with higher than average revenues Impacts many T.D. and O.D. needs but not a solution for all challenges 3 Modalities are used internal, external and & management using coach skills Since 2014, use of Professional Coaches has reduced, internal use of skills increased Competencies rated most highly Establishing Trust, Ethics, Active Listening Competencies rated least highly E. C. Agreements Training management in coaching skills is instrumental in building a coaching culture 16% plan to offer management accredited coach training

14 Trends in Coaching Consumer Perspective AWARENESS OF COACHING Source: 2014 ICF Global Consumer Awareness Study

15 Trends in Coaching Consumer Perspective UNTAPPED POTENTIAL ~ increased by 5-9% from 2010 to 2014 ~ 83% unaware of coaching & never been coached ~ 17% aware of coaching and have been coached

16 Trends in Coaching Consumer Perspective AWARENESS OF COACHING ~ just 35% of those who claim are aware, picked the correct definition of coaching

17 Trends in Coaching Consumer Perspective UNAWARE - WHY TRY COACHING? ~ unaware of coaching & willing to try, share their reasons why

18 Trends in Coaching Consumer Perspective IMPORTANCE OF CREDENTIALING Source: 2014 ICF Global Consumer Awareness Study > 81% feel that its Important or Very Important

19 Conclusions From Global Research $2 billion+ dollar industry, providing estimated income ~$50,000+ & increasing Clients have confirmed it works testimonial based on data from clients Untapped potential 83%!!! Key to unlock this potential is identified as awareness Very encouraging facts for all who wish to be a coach To conclude - future is bright future is coaching!

20 ICF Singapore Science & Research Committee Engage members and community for coaching awareness, excellence and advancement 1) ICF APAC Trends in Coaching vs Other Forms of Intervention for Organisational Development Study 2) ICF Coaching Competency Recorded Demonstration Sessions A. Open Sessions revenue, script ideas, engagement, learning B. Dedicated Team short presentation, recording, deliverable

21 Thank You! Feedback: &