The end of employees and what it means for you

Today’s Wall Street Journal has a front-page story that is essential reading for anyone thinking about getting into coaching.

It is called “The End of Employees” and one quote sums up the gist: “Never before have American companies tried so hard to employ so few people.” It gives numerous examples of companies – from Wal-Mart to Google (which has equal numbers of full-time employees and non-employees) – that are more reliant than ever before on contractors.

This is great news for those of you thinking about getting into coaching. It signals the opportunity to create a busy practice with multiple clients, whether focused on coaching along or on a variety of solutions including coaching, training, facilitation, speaking, writing, and consulting. The economy has shifted so that people who can bring value to companies will get hired – more easily than getting hired as an employee. Plus, you can have multiple clients rather than a single employer, which reduces your risk when companies continue to decrease their workforces. Meanwhile, your upside is unlimited.

I know this for a fact because that’s how I got started many years ago. I was building up my own practice part time while holding a full-time job. Within a year, I saw how much more I could earn on my own – even with a comfortable six-figure salary. It was a no-brainer to make the leap, and I haven’t looked back.

At the same time, we are getting more interest than ever before from managers and executives who are being laid off by companies that want to reduce the number of employees that they have.

This article should also be a wake-up call for those of you that still believe that full-time employment is your best option. It is not. You are at constant risk if you have no back-up plan, specifically in the form of a “flip-the-switch” business. This is a business you can turn on whenever you want. Coaching is a great example of a business that is perfect as a backup plan. Why live with insecurity?

At the Center for Executive Coaching, you get all of the tools and support you need to succeed in this crazy economy. You learn how to be a great coach to executives, leaders, and up-and-coming talent. You also learn how to get your practice up and running. We even show you how to branch out beyond coaching, into writing books, speaking, training, and consulting. I guarantee you that no other program provides the support and depth that give you.

Even if you think you are in a secure job right now, please consider joining one of our training programs to get certified as an Executive Coach. You never know when your company will decide that it wants even fewer employees. Set yourself up so that you are prepared.

Alternatively, if you are already working on your own and want a boost, we should talk. We have the programs that can help you be even more successful and satisfied in a volatile economy,

Contact us at any time!

 

 

 

From our selection of articles:

Prospective clients often ask for assistance justifying that executive coaching will provide a return. Here is a stock answer you can give to your clients or internal sponsors when you are asked:First, the International Coach Federation, the leading coach professional organization, has conducted and reviewed studies about coaching in organization. They found an average return […]

Sometimes prospective members ask us why we don’t have a very formal application process compared to other coach training programs. All we ask for is a brief bio, CV, resume, or Linkedin profile. We are also happy to schedule a brief phone call to confirm fit. That’s usually enough to know whether a prospective member […]

Here is an important fact: If you practice coaching with other coaches, you can count that as barter and therefore as paid coaching hours towards your ICF designation. The ICF website makes that very clear.The Center for Executive Coaching has a large pool of members/coaches who are pursuing their ICF designation. We keep an active […]

After viewing the video recording of our most recent Open House, enter your email in the box describing the ebook and we will email you a copy right away. At the same time, please email Director Andrew Neitlich directly at andrewneitlich@centerforexecutivecoaching.com to set up time to discuss, identify the best program for you, and answer […]

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