Helping CEOs Weather the Storms: Psychologist Coaches Wear 4 Hats

CEOs need help. Today’s business leaders have to contend with industry competition, changing consumer behavior, new technology, and fears of an impending recession. With the sands beneath their feet shifting, there’s never been a more uncertain time to be a CEO. CEO turnover increased by 12.9% in 2019 over 2018, according to a survey by Challenger, Gray and Christmas, Inc. There were 1,640 CEO transitions last year, compared to 1,452 in 2018, representing the highest total since tracking started in 2002. This greater uncertainty and turnover has driven an increase in the number of coaches offering to help executives succeed.

Coaching is a booming industry that shows no signs of slowing down. In 2016 there were 53,300 coaches working worldwide who generated $2.4 billion in revenue and these numbers continue to grow. The field of coaching is highly variable. Since there is no regulation about who can call themselves coaches, many have vastly different backgrounds and trainings; the result is a cluttered field of people claiming they can help executives. How can you determine whom to count on for such an important job?

 
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Πηγή: ceoworld.biz