If you want to take your professional career to the next level, you will require the help of an executive coach. These professionals will hold you accountable, push you, keep you grounded, and make you strive for success. The marketplace is filled with executive coaches, and they are shaping the direction of every industry. The executive coaching industry is growing at a rapid rate, and there are a lot of trends which are going to transform executive coaching in the next decade.
There may be a stronger focus on mental status or the psychological aspect of your career and even more automation in your industry. We have collected information about the hottest trends that will help evolve the executive coaching industry in the next decade, which include:
1. Coaching will overtake consulting
Coaching has been rising in popularity slowly, and it is projected to overtake consulting in the next decade. This is mainly due to an aging demographic, who are going to demand an extensive transfer of professional, industrial, and institutional wisdom. Consulting is known to increase gaps in knowledge, but coaching, on the other hand, places emphasis on transferring wisdom. This is going to transform the next generation of smart leaders who will seek to learn.
2. The rise of the automated coach
Success in coaching is driven through technology, and coaches will differentiate themselves in the future by connecting through online platforms. This will allow them to meet someone at any time and anywhere due to the power of technology. Automated coaches will engage clients through micro-learning sessions, while gamification is going to provide clients access to new content.
3. Experiential coaching will gain prominence
They say that ‘experience is the best teacher’, and in the next decade, executive coaching will shift from explaining to experiencing. This will have a transformative effect on people, who would want to learn in a fun and memorable format. This will also give rise to new information and breakthrough thinking, which will be driven by executive coaching based on the experience required by the candidate.
4. The juncture of coaching methodology and industry skills
There would be a lot of executive coaches with strong industry connections and relevant industry experience. This will come at a time when leaders are under intense pressure to deliver short-term results and create a long-term vision. They must also develop leaders, which would require the expertise of advisors and coaches, who can provide solutions to the complex range of problems.
5. Increasing regulations will define different coaching types
There are no regulations placed on the coaching industry, but that will certainly change in the next decade, as the executive coaching would gain more prominence. Increased regulation is very likely going to give rise to different types of coaching. There will be standardized training and credentials required for someone to become a coach, and there will be executive coaching, life coaching, career coaching and several other types of coaching available.