€90k to coach Central Bank’s leaders

The Central Bank is set to splurge again on coaching experts this year for its leadership staff after spending more than €90,000 on coaching services over the past two years.

The bank has tendered for coaching services for leadership roles, emerging leaders, and those leaders returning to work after an extended period away from the workplace due to career breaks, maternity leave or secondment.

Yesterday, the Central Bank confirmed that last year, it spent €18,000 on coaching services. This followed a spend €75,000 in 2014 resulting in a total outlay of €93,000 over the two years.

A spokeswoman for the Central Bank explained yesterday: “Demand for coaching was high in 2014 following the roll-out of an organisational wide Leadership Development Programme.

“There were 23 recipients of the service from deputy head grade upwards at an average cost of €3,260 for six sessions.”

The €18,000 cost for coaching services in 2015 arose from eight recipients from deputy head grade upwards at an average cost of €2,250 for six sessions.

The spokeswoman said: “It is not possible to say, at this time, how much the coaching services will cost in 2016 as it is dependent on take-up.

“However, in the past, the cost of coaching contracts have ranged from €300 to €795 per coaching session depending on the provider. The Central Bank places a strong ongoing focus on, and investment in, the development of its staff, who are key to delivering on our mandate.”

“The Central Bank’s HR strategy, therefore, has a strong emphasis on staff development, particularly for management roles, which is delivered through a targeted learning and development programme,” she added.

She said that this is influenced by emerging issues and trends in financial services; the need for continual development of staff knowledge and expertise; the addition of relevant new qualifications and to ensure existing qualifications are up to date.

The closing date for tenders is May 6.


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