A life absent of boldness is a sure path to regret.
– Julio Olalla
Newfield Network
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Most of my CEO executive coaching clients have detailed, measurable goals. We use them as navigational aids, comparing interim results with plans and expectations, to help the client make adjustments to their attitudes and activity. I was in the midst of one such review when the client took the conversation in a novel and fruitful direction.
I asked, “Have you looked into that club for sharing exotic sports cars we discussed?”
“I’ve been thinking about that, ” he responded. “Why
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The Conference Board has published an update to its survey of executive coaching fees. According to the survey, “the most commonly stated fee [for executive coaching of CEOs and their direct reports] is greater than $500 per hour. I found this a bit odd, not because of the price level but because the top executive coaches I know do not charge by the hour but for a term of service. This was confirmed later in the Conference Board report.
Executive coaching engagements are typically six months or one year in duration, according to the survey, and fees range from $13,000 to $30,000 for six months.
My experience is consistent with those figures.
Readers may also find it interesting that executive coaching is common and growing not just in the US but in Europe and Asia. Rates are the same in Europe as in the US and have risen significantly around the world.
Click here for the complete Conference Board 2008 Executive Coaching Fee Survey.
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My executive coaching clients often ask how to translate their new insights into regular practice so that the benefit of the coaching is integrated into their lives. This is crucial, since the adult executives I coach have well established and largely successful habits that are expressed automatically.
How do we make new strategies and methods just as habitual? One of my favorite techniques is the traveling pennies.
Is there a practice you and your coach have developed that you want to make a part of your life? Perhaps you choose to center three times per day, express gratitude more often, or ask a clarifying question before responding to a inquiry. Here’s how to “operationalize” your good intentions.
Each morning for the next few weeks place
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Experiencing would views different from my own is a fascinating and capacity-building exercise for me as an executive coach. Effective coaching requires me to respect and distinguish the discourses1 that determine and limit my CEO clients’ potential space for action. One way I build this skill is by reading novels and listening to interviews with people from cultures and careers that I would not
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