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Executive Coaching Research Report, Annual Survey
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More executives are hiring coaches to help them develop leadership skills, rather than solve specific problems, according to the 2009 Sherpa Executive Coaching Survey.
The survey, conducted by Cincinnati-based Sherpa Coaching, drew 1,500 respondents. Some of the highlights:
• 50 percent of coaching is for leadership development, up from 43 percent over the four years of the survey.
• 47 percent of organizations limit coaching services to senior managers, while 42 percent allow all managers access.
• About 80 percent of coaches are either independent operators or work in a company of two to five people.
• Female executive coaches are 49 years old, on average, and 62 percent have been in the business for more than five years. Seventy percent of men have been in the business for more than five years, with an average age of 53.
• More coaches – 47 percent – do their coaching face to face as opposed to other methods, including phone coaching.
• Earnings fell 40 percent last year for coaches who had been in business for five years or less, to under $40,000. More experienced coaches average more than $75,000, although that is also down from 2007 and 2006.
The research was sponsored by Sherpa, a company that offers executive coaching certifications; the Tandy Center for Executive Leadership at Texas Christian University and the University of Georgia Center for Continuing Education.
