Leadership coaching is an invaluable tool for those looking to hone their skills and become better leaders. But how much does it cost? The answer is that it depends. The cost of leadership coaching can vary greatly, depending on the type of program, the level of the employee, and the length of the program. When it comes to executive-level leadership coaching programs, the coachee often works with both a leadership coach and an experienced consultant.
This consultant can provide advice on high-risk decisions, innovations, and investments that can generate a great return on investment for your organization. Business coaching is different from leadership coaching in that it focuses more on the objectives and achievements of your organization. Leadership coaching, on the other hand, focuses more on honing skills and developing leadership capacity. The cost of leadership coaching also depends on the level of employee with which the coach is associated.
At the Coaching Institute Leadership Forum last month, I met the CEO of a coaching company in Colorado who said that 70% of coaches who identify as leadership, executive, business, or career coaches earn substantially more money than 30% of coaches who identify as life, vision, health, wellness, or spirituality coaches. Finally, there is no one-size-fits-all approach when it comes to leadership coaching. While some coaches charge by the hour, many offer programs that last a set period of time to ensure that their clients have sufficient time to develop their leadership skills.
