Coaching: What is it and what does it mean for you?

Coaching in the workplace isn’t a one-size-fits-all box. Careers are unique, which means the coaching approach needs to be personalized to the individual. And while coaching competencies are considered a bedrock foundation, coaches can specialize in different areas of expertise. In just the past few years, innovations in coaching have evolved alongside the fast-changing future of work. 

If you’re looking at implementing workplace coaching, here are eight effective types of coaching.

• Your teams: Focuses on coaching teams and personal and professional development
• Your individual employees: Focuses on individuals and employee coaching
• Your peer-to-peer coaching: Focuses on building coaching skills within peer-to-peer relationships
• Your business or organization: Focuses on organizational performance, operations, and strategy
• Your executives: Focuses on developing (and retaining) your top leaders
• Your HR team: Focuses on your HR team to equip them with needed skills and capabilities to care for your people
• Your leaders and frontline managers: Focuses on your managers and leaders — everyone with a direct report
• Your Sales people: Focuses on unlocking the full potential of your Sales people to drive revenue

 If you’re looking to bring coaching to the workplace, you have options. A coaching framework is a set of established benchmarks designed to guide a series of coaching conversations.

A good coaching framework starts with having a deep understanding of how your organization functions. This approach helps to keep both coachees and coaches on the same page. It also helps to ensure you can measure progress, and help the client reach the desired outcome.

Any coaching framework can be evaluated by these four pillars.

With these four pillars as your guide, how might you see a culture of coaching in your organization? 

• Relevance. What type of coaching would be most relevant to your workforce? What skills and capabilities do you want to build? What gaps do you want to bridge within your team? 

• Implementation. If your workforce is virtual or hybrid, how are you granting access to coaching? Do you need virtual or digital coaching? In what ways can you bolster existing training programs with access to coaching? How does coaching fit into your learning and development strategy? 
  
  
• Time. How much time do you want to commit to your employees’ learning and development journeys? Would an intensive multi-week course make sense? Or do you want to invest in an ongoing relationship with coaching?
  
  
• Results. What goals will you set and how will you measure them? With a data-driven approach to coaching, how can BetterUp help you reach peak organizational performance?  
  
  Learn more about the five coaching frameworks — and which strategy might work best for your organization.

Coaching is a dedicated practice. It’s a tool that helps individuals discover strengths, flex and develop skills, and build resiliency. With proven behavioral science techniques, coaching leads to transformational journeys — for both the person and the organization.

So, what happens when you embed coaching into your company culture? What does a coaching culture look like? And how do you build a culture of coaching in your workplace? What’s the difference between coaching and managing? 

First, culture is a living, breathing organism in your organization. It’s constantly changing and evolving. And while a company’s culture is unique to each organization, there’s a shared definition we can reference. Company culture is the shared values, behaviors, mindsets, and standards that make up a work environment. In many ways, culture is a framework that helps to drive organizational success. 

To embed coaching into your company culture is to challenge your workforce to commit to transformational growth. Investing in a strong coaching culture helps to keep your organization agile and adaptable. But it also is a culture powered by feedback and committed to reaching its full potential. It includes things like how to coach your teams to success and ways to implement peer-to-peer coaching. 

According to BetterUp data, a strong coaching culture isn’t just a competitive advantage for organizational growth. It’s a business imperative. A coaching culture is one that’s rooted in feedback and learning. With a culture of coaching, it’s critical that employees and leaders get clear on desired outcomes. In order to reach those outcomes, coaching helps to upskill and reskill your workforce. But as opposed to how some may think of feedback, coaching isn’t punitive or command-driven. It’s a symbiotic relationship between feedback and learning — without losing accountability.

Transitions are hard. No one is immune to a career change or personal change, whether we like it or not. 

But in order to grow personally and professionally, we need to use change to our advantage. We need to be able to lean on the resources and support systems to help us get one step closer to our full potential. 

With a career coach or a life coach, you can work through a variety of challenges. Career and life coaches can guide you through transitions, decisions, or challenging conversations. They also help with things like managing your finances or optimizing your well-being. Or maybe they'll support your mental fitness goals or talk through major career decisions. These are all topics that career and life coaches can help you navigate. 

Good career coaching starts with some assessment and reflection to understand what is important to you and where you are in your journey. Then, you work with your coach on a personalized plan to help achieve your goals. For some, this might include financial coaching. For others, this might require a keen focus on wellness coaching. And some might want to zero in on their careers and carve their own professional roadmap. A career coach helps an individual think broadly about their options and plan a viable strategy for achieving their goals.

Life coaching starts similarly. The first step is to take a step back and reflect. Then, identify what’s important to you and where you are in your life journey. A life coach will work with you one-on-one in different aspects of your personal life. Sometimes, they will focus on relationships. Other times, they can focus on personal development, life crises, or even finding purpose and meaning. 

If you’re ready to start unlocking your workforce’s potential with coaching, you might be wondering about the cost. Let’s break down the cost of coaching.

First, like any employee program or benefit, coaching can not be evaluated by cost alone. It is important to look at what types of outcomes you or your organization want to get out of the coaching relationship or program. Factors such as the impact on employee retention, productivity, engagement, and well-being are a few components to take into consideration. 

The outcomes and benefits you see from coaching will also depend on the quality of coaching you choose. It also depends on the degree to which the coaches are aligned and appropriate to your needs and objectives. A career coach might not be the right fit if employees are in need of well-being.

The cost of coaches will vary. Generally, career coaches charge anywhere from $50 to $250  per hour. This range takes into account things like experience, length of session, credentials, and professional training and development. Experienced executive coaches can cost far more.

With BetterUp, we conservatively predict a 3.5X to 5X return on investment (ROI) on investment in BetterUp coaching for a given employee population. Especially in today’s economic landscape, BetterUp can help you build resilient teams, retain top talent, and drive innovation and growth.

You’re ready to find a coach. The first step to getting started is to figure out what type of coach you’d like to work with. 

Career and personal assessments (like the Whole Person Assessment) can help you determine your focus for coaching. Once you’ve determined your focus for coaching, you can start to peruse available coaches. 

• A personal coach. There are a number of ways to find a personal coach. We recommend making sure your coach is certified and professionally trained. At BetterUp, all of our coaches are experts. Once you’ve completed the Whole Person Assessment, you’ll get paired with a coach based on your results. You’ll select a coach, then schedule your session.
  
  
• A coach through your workplace or organization. Your company or organization might provide access to professional development and coaching services. If you’re not sure where to start, try reaching out to your organization’s HR department. Your HR team will likely know if there are coaching opportunities available to you. 

Additional coaching resources

Check out these resources to learn more about coaching. 

Once you’ve found your coach, you’re ready to get started. But first, it’s important to think about what a coach can help you with. 

A coaching session can help you with a myriad of things. Your career, a transition in your life, and building your mental fitness. How to make a difficult decision or navigate change and uncertainty ahead. It can help you identify your purpose of work and figure out what you’d like to change about your current state. And it can help you build a roadmap of goals to help get you to where you want to be.

To make sure you and your employees are getting the most out of your coaching sessions, you need to know how to maximize your time. Your time with your coach is valuable. You want to make sure that each session takes your coaching journey to the next level, which requires intentionality and awareness. 

First, let’s understand some of the key elements of corporate coaching. 

• Self-discovery and reflection. Adopting a growth mindset is a must-have for any coaching session. Before you enter your session, take a moment to reflect. Take an audit of your behaviors, mindset, and actions. Then, ask yourself what areas you’d like to improve or areas where you need help. 

• Asking the right questions. Of course, we all don’t have the right answers to our problems. But with the right questions, our coach can help guide us to solutions. Prepare questions for your coaching session. 

• Identifying a focal point. Our work lives are busy ones. Sometimes, it requires taking a look at our priorities to figure out which problem might be a focal point.
  
  For example, you might be working cross-functionally with a couple of teams on a project. In your reflection, you realize that your communication skills might have contributed to a dropped ball. Instead of focusing on a single instance or example, you might identify communication as your focal point.
  
  
• Understanding your key takeaways and action items. At the end of every coaching session, my coach asks me what I learned. What are the key takeaways or action items that you can apply to real situations? What have you learned? What change are you committing to making?  

If you’re ready for a coaching session, it’s time to prepare. You and your organization want you to get the most out of your coaching experience possible. In order to be able to tap into your full potential, you also need to give your full effort. 

Here’s a step-by-step guide on how to best prepare for your coaching session: 

• Think about what’s on your schedule this week. Do you have a big meeting or presentation? What about a challenging or difficult conversation? Are there personal obstacles that are popping up? 
  
  
• Revisit your long- and short-term goals. If there’s not something urgent, try revisiting your goals. How much progress have you made on your long- and short-term goals? Where do you need some support to get you where you need to be? 

• Reflect on what’s worked well (or what hasn’t) since your last session. If you’ve already had a session with your coach before, reflect back. What’s worked well since your last session? Did you implement any changes that resulted in positive outcomes? Or, on the flip side, what isn’t working well? 

• Review any exercises or tools you were given to practice. Sometimes, coaches can give you homework. Most of the time, these are exercises or tools that you can put into practice. Other times, it might be an article or a blog to read. 
• Identify your key goals or outcomes for your upcoming session. With your session fast approaching, identify your key goals or outcomes. What exactly do you want to walk away with from your upcoming session? What would be most impactful for you in this session? 

No matter where you are in your coaching journey, your journey is just that: yours. It’s yours for the taking but it requires preparation in order to fully reap the benefits.  

Learn more about how you can prepare for your career coaching session.