Coaching and Transition Support for Technology Executive in leading Technology Company
The Brief
A technology company providing software to the financial services industry across Asia Pacific, North America, Africa, the UK, and Europe had an executive role, VP of Engineering, made redundant during the pandemic.
Future Leadership was engaged to support the impacted executive in their transition.
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
The VP worked through a Facet5 personality assessment and a number of one-to-one coaching sessions to unpack her strengths and decide where she now wanted her career to head and why.
The client was interested in pursuing a role in a smaller technology start-up type organisation where she could have more impact and lead a progressive team. The environment and culture were equally important in her decision-making.
In addition, the client also wanted to secure a board position and commence a pathway to a portfolio career consisting of board roles and consulting work as part of her retirement plan.
Future Leadership worked with the client to build her confidence to ensure she was giving herself the best opportunity to succeed.
They then up-leveled her online brand & CV and positioned her for board appointments. Support included networking, interviewing, and salary negotiation.
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 client secured a role with Deputy as a Senior VP, where she felt the culture and role were ideal for her.
The client also secured her first paid board role.
Future Leadership was subsequently engaged to provide consulting services to her and the executive based on her positive experience during the outplacement process.
The support you provided was invaluable to me. I was very unsure what to expect and as you know I was at first reluctant to take up your services. I am glad you reached out and I will highly recommend you to others.”
