News & Events.
ICF Coaching Report – What does it mean for Executive Coaches in Vancouver?
Natalie : February 14, 2012 9:27 am : News and EventsFascinating! The 2012 International Coach Federation (ICF) Global Coaching Study Executive Summary put together by PriceWaterhouseCoopers (PWC) has been released and paints positive picture of the coaching profession. I have summarized the research and some of the key findings below, yet I wonder how it might be relevant for executive and leadership coaches in Vancouver.
The Study
This study was designed to be one of the most ambitious pieces of industry research ever conducted on the field of professional coaching. A primary goal was to engage with as many coaches as possible on a worldwide basis, and to provide an up-to- date picture of the profession to help meet the challenges ahead.
By the end of 2011 ICF had 19,000 members. The survey was conducted over 6 months, and received 12,133 valid responses. Responses were received from professional coaches in 117 countries. Over 4,400 valid responses were received from non-ICF members. More than 7,700 ICF members responded to the survey. The largest number (3,565) were from North America. From the available data, it is hereby estimated that there are presently in the region of 47,500 professional coaches worldwide.
Key Themes:
- The profession appears to be growing, with an estimated 47,500 professional coaches generating close to $2 billion (USD) in annual revenue/income.
- The profession remains concentrated in the higher-income regions of North America, Western Europe and Oceania. Collectively, these regions contain more than three in four coaches, well exceeding the 11% share of global population living in these regions.
- Despite the critical mass of coaches found in the higher-income regions, nonetheless, the evidence from the study indicates faster growth in coaching has emerged in markets outside these regions, such as in Latin America and the Caribbean.
- Coaches are looking confidently to the future, with expectations over the next 12 months of increasing demand (clients and sessions) leading to growth in annual revenue and income from coaching.
- Key issues for the future include tackling obstacles such as untrained individuals who call themselves coaches; availing of opportunities to increase awareness of coaching benefits; and answering the question of whether coaching should be regulated.
What might these results mean for executive and leadership coaches in Vancouver?
Although my perspective is anecdotal, it seems that the executive coaches in Vancouver that I know still struggle with ICF and the definition of coaching that it uses. The ICF competencies seems quite generic, and the competency model is valuable, yet does not truly reflect the full spectrum of competencies required by leadership and executive coaches. As a result, many of the senior coaches that I know have opted to not pursue ICF related credentialing. The WorldWide Association of Business Coaches (WABC) has a more robust competency model that seems more directly relevant to executive and leadership coaches. So, I am curious about whether or not the ICF study captured this leadership and executive coaching market to the full extent. I myself participated in the study, and still value the work being done by ICF, yet I would be curious if WABC yielded different themes and results.
Join us for an upcoming workshop – Build your influence skills
Natalie : January 2, 2012 3:35 pm : News and Events- To understand different influencing approaches, including your own
- A mapping tool to define who you’re trying to influence, competing agendas, and potential derailers
- Where organizational power comes from, impacts on your campaign and how to develop sources of power
- To raise your awareness of how corporate politics impact your strategy and approach
- To draw together the lessons from this workshop to finalize your action plan
Go to www.bchrma.org to register.
Executive Coaching for Health Care Leaders in Vancouver, BC
Natalie : October 24, 2011 8:34 pm : News and EventsNatalie Michael has been invited to join the BC Health Authority Leadership Development Collaborative (BCHALDC). This is an initiative that supports leaders in the healthcare sector in our province. The province is establishing a coach approach to leadership and Natalie will be providing leadership coaching services to health care leaders in BC, Canada.
Natalie was invited to join the coaching roster based on her prior executive coaching experience with leaders in large complex organizations, and her experience coaching leaders in health authorities in British Columbia.
The feedback from participants who attended our workshop on innovations in succession management just arrived. The workshop received top marks!
- 100% of participants strongly agreed that the content was relevant to their workplace.
- 100% strongly agreed that the workshop was engaging.
- 100% strongly agreed that the facilitator, Natalie Michael, demonstrated subject matter expertise and was a strong communicator.
- 80% strongly agreed that the activities and tools helped them to apply the concepts, and 20% agreed.
- 100% strongly agreed that the pace was appropriate.
When asked how they will apply the concepts, participants said:
- I will take the lessons from the workshop back to the management team for further discussion. I will definitely use some of the models presented.
- One of the best take aways was starting small.
- I will have certain departments do a succession risk analysis and we will review the common definitions of potential.
This workshop will be offered again in the fall through the BC Human Resources Management Association. We hope to see you at the next session!
If you want to learn more about how o extract value from 360 feedback and how to gracefully handle constructive criticism, see Natalie’s article in the latest issue of Update Magazine published by the CMA Association.
To view the article click on the link below and turn to page 13 of the online magazine.
Natalie Michael of the Karmichael Group will be teaching an upcoming workshop on succession management best practices for the BC Human Resources Management Association. This workshop is for Human Resources and Management professionals who are interested in building a pipeline of leadership talent in their organizations. If you are interested in registering, you can do so on the BC Human Resources Management Association website at http://www.bchrma.org
In this workshop you will learn:
- A process for identifying top succession management risks in your business
- A framework for succession management including the key steps in the process
- Models for assessing leadership potential based on the latest research
- Key practices in Succession 2.0 such as building an internal and external leadership talent pool
- How to build a succession scorecard so you can measure the success of your leadership development program.
We hope to see you there!
Make good leadership selection decisions
Natalie : October 7, 2010 3:37 pm : Leadership Matters, News and EventsThe Karmichael Group has recently added a suite of leadership assessments to their service offering – the Hogan Assessments. These tools will allow us to support clients in the selection of internal and external leaders. http://www.hoganassessments.com. The Hogans are used by more than half of the Fortune 500 firms and there have been more than 400 validation studies completed. They are used by the Federal Government in the United States due to their level of reliability and validity.
The Hogan Suite of Tools allows us to gather objective data on leadership candidates. It specifically measures a leader’s natural style, potential derailers, culture fit, and strategic and tactical reasoning. Using this information as part of a robust selection process that includes well defined hiring criteria, structured interviews, and reference checking can increase the quality of hiring decisions by more than 38%. It also clarifies what level of support newly hired or promoted leaders will need during their first 90 days on the job.
For more information on our assessment offering, please contact Natalie Michael at 604-926-8717.
Natalie Michael will be joining the Board of Directors for the Vancouver Chapter for the International Coach Federation. www.icfvancouver.org. The International Coach Federation is the governing body for international coaches and is responsible for establishing the ethical standards and credentialing coaches around the world. The Vancouver Chapter is seeing exponential growth and the mandate of the board will be to continue to provide values to members through professional development and creating a coaching community, and it aspires to continue to grow its membership. Natalie is looking forward to this opportunity.
If you want to learn about new innovations in the coaching profession and how coaching can contribute to organizational success, it is well worth it to attend the 2010 Prism Awards through the International Coach Federation on May 05, 2010. The coaching event is at the Vancouver Convention Center at 1055 Canada Place and you can register through the http://www.icfvancouver.org
website. This year, I had the pleasure of nominating a coach that I admire and work with named Alex Wray. Go Alex, Go!
On May 04, 2010, I will be teaching a workshop on succession management fundamentals to the Association of Professional Engineers and Geo-Scientists of BC. Here is the link to register: http://www.apeg.bc.ca/prodev/events/succession_mgmt.html
Learning Objectives
In this program, we will provide you with an overall framework for developing a succession program. Specifically, you will learn:
- Why succession management is a risk management process and how to identify the succession risks in your organization
- The different phases of a succession management project and typical activities in each phase.
- How to identify and assess future successors both inside and outside of your organization
- What to do if you do not have enough successors in house
- How to create leadership development plans that accelerate leadership potential so that you can bridge the gap between your senior leaders and the next level as fast as possible
Workshop Details
- This is a hands-on one day workshop.
- Participants walk away with a framework for building a succession process in their organization and a toolkit they can apply.
- We utilize real world case studies
- We also provide them with practical stories from years of consulting in this area.
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