Published in April 2020, and co-sponsored by Coach-To-Transformation, the report represents survey results from the markets of Hong Kong, India, Indonesia, Mainland China, Philippines, and Singapore. Findings suggest a rising demand for coaching services, differentiation among coaching professionals, need for more quantifiable ways of measuring coaching impact, and the increasing importance of strong credentials.
Let us quickly take a look at the top trends that feature in the 2020 report:
The openness of business firms toward introducing coaching services across the hierarchy has risen, with new sectors such as start-ups, entrepreneurs, NGOs (Non-governmental organizations), and educational institutions adding to this demand. Moreover, the survey reveals a considerable prevalence of coaching in local languages and its application in niches of maternity, spirituality, and cross-culture dynamics.
While companies continue to deploy a combination of External and Internal Coaches for their executive coaching needs, the perception is getting more differentiated.
The survey reveals that coaching is perceived differently in Asia, with particular emphasis on ‘guidance,’ ‘sharing expertise,’ and ‘problem-solving.’ It may be primarily due to the high power-distance prevalent in Asian countries – which also highlights the need for a more customized approach to coaching for the Asia-Pacific region
84% of the companies reported some impact of coaching on their bottom line. The respondents also revealed having received benefits they ‘did not seek from coaching’ – signaling a need for more clarity on the objective setting. We also see a demand for greater transparency in coachees’ assessment results and an increased emphasis on the credentials of a coach. Given these requirements, trustworthy coach training programs will become all the more valuable.
While, currently, almost 85% of both Internal and External Coaches are not using any AI tools for coaching, a majority of companies were open to implementing some form of technology in the future.
The above trends, as seen in the report, clearly indicate a promising future for a coach in the Asia-Pacific region. It will be interesting to see how the coaching market evolves in South-East Asia with an increase in both demand and supply.