Leadership coaching is a valuable tool for executives looking to improve their performance and reach their goals. A coach can help you understand workplace relationships, leadership tactics, and how to communicate effectively. Many executive coaches charge by the hour, while others may refuse to do short-term projects. The cost of executive coaching depends on the coach's experience and credentials.
Many senior trainers don't set hourly prices, but any contract eventually boils down to the price of time spent training. When considering the cost of executive coaching, you'll want to understand what the return on investment (ROI) of that work is. When looking for an executive coach for your organization's leaders, you'll want to see who will be the person who will be in the room with your leader. Always ask potential coaches about their years of experience and what credentials they currently hold.
Most coaches offer a discovery session or training tasting to get to know each other and help them set goals. Some trainers, usually newly certified, charge hourly for training time, usually for the duration of a contract. Years ago, I trained a woman who was also a coach, had a best-selling book and was the keynote speaker for Global 1000 companies. C-level executives generally require a more educated and in-demand coach, and require them to spend more time familiarizing themselves with various aspects of the client's business.
This young entrepreneur met with that coach for six months and, in the end, thanked him and went on his way.
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