Executive Coaching Program Enhances Leadership Impact at a Leading Global Beauty and Skincare Company
The Brief
A multinational beauty and skincare company, renowned for its prestige skincare, makeup, fragrance, and hair care products, engaged Future Leadership to provide executive coaching to one of its senior leaders in the Asia Pacific region.
The aim was to enhance leadership impact, particularly during the challenging times of leading a large team amid the COVID-19 pandemic.
Improvement in Performance
Studies show that executives who receive coaching report a 70% improvement in work performance, according to the International Coaching Federation (ICF).
Increase in Employee Retention Rates
Companies that offer coaching and transition programs during restructuring or layoffs see a 60% increase in employee retention rates, as reported by the Human Capital Institute (HCI).
Faster Reemployment
Outplacement services and career transition coaching can reduce the time it takes for displaced employees to find new jobs by 50%, according to a study by RiseSmart.
Higher Return on Investment (ROI)
The ICF reports that companies receive an average return of A$11.85 for every dollar invested in executive coaching.
The Process
Future Leadership implemented a structured executive coaching program, designed to foster insight and self-awareness, set clear development goals, and grow leadership skills. The program included the following components:
- Pre-Session:
Conducting a ‘chemistry’ meeting and completing the Hogan 360° assessment. - Coaching Session 1:
Debriefing the Hogan 360° and other Hogan suite tools, followed by exploring goals for the coaching engagement. - Coaching Session 2:
Reflecting on the debrief session, exploring workplace challenges, setting 1-2 development goals, and defining measures of success. - Coaching Session 3:
Introducing models and frameworks to support the development goals, with direction for skills practice and application. - Check-In Meeting:
Conducting a triad session with the leader, their manager, and the Future Leadership coach to review progress and adjust the development plan as needed.
Future Leadership's Average Participant Indices Across Coaching & Transition Clients
43% Increase in Self Awareness
Individuals’ awareness of motives, values, strengths and development needs
27% Increase in Motivation
Individuals’ motivation to apply learning, insight and further develop
29% Increase in Confidence
Individuals’ confidence in their abilities and impact as a leader
32% Increase in Role Clarity
Individuals’ clarity around success factors associated with their role
The Outcome
The coaching is ongoing, with the client demonstrating strong leadership, particularly during the challenges of leading a large team through the COVID-19 pandemic.
Future Leadership continues to evaluate leadership performance through regular triad check-ins, ensuring the leader’s development aligns with the organisation’s goals and the current global challenges.
