If you wish to change your career altogether or gain the skills necessary for you to be more accomplished in your current position, possibly seeking a promotion, professional coaching will often be required but it does come at a price that could put a strain on your finances.
In recent years, statistics, surveys and polls have shown that most middle-aged men belong to another social class than their father, showing greater mobility in the working world.
If your life or career ambitions have changed, a reconversion is sometimes necessary and to achieve this, coaching sessions can help: in-house company coaching, individual coaching, executive coaching, etc.
For this article, we have reviewed the average prices that clients have to pay to find a personal development coach and change their professional life.
Why Pay For A Professional Coach In The First Place?
The coaching business requires key skills that are sometimes remunerated at a hefty price.
This price can often be unaffordable, especially if you do not hold a senior executive position in your company.
However, the economic situation and corporate culture often require workers - whatever their qualifications - to reorient themselves towards jobs, which are more promising, more profitable or more profitable.
Everyone can, at one time or another, face career management difficulties: finding a path is sometimes complicated after higher education, sometimes you want to start your own business, you can't handle the emotional burden of a tiring job, or you sometimes lack self-confidence.
And there are many other problems that prevent people from progressing upwards in their professional life.
A coach is not exclusively reserved for the top executives of The Financial Times-Stock Exchange 100 Index and does not cost a year's salary.
According to Valérie Pascal, executive coach and supervisory professional, everyone should take a professional coach during the course of their professional life.
Paying for such a service - in individual coaching - helps you to question yourself, take a step back, regain self-confidence, help you speak out, manage stress, etc., simply achieve professional objectives that seem unattainable on your own.
Paying a high price for change management can sometimes be quickly reimbursed if the expected benefit is greater, for example by multiplying your salary by three.
But how much does it cost? Although we now know the possible benefits of taking coaching courses, we must try to set a fair price for this service.
Personal Development Coaches On Superprof
On the Superprof platform, there are now many professional coaches ready to help you: everyone can claim to be competent to coach since there is no government-recognized or imposed coach training that one must complete to be able to practice.
First of all, there are more than 3000 professional coaching teachers on Superprof: most of which offer online tuition (through Skype of the likes) meaning you can learn online how to manage stress or better approach interpersonal relationships with coaches throughout Ireland.
For in-person sessions, it is necessary to compare the prices in each city and there, the offer becomes less abundant especially if you live in a town
In Dublin, a professional coaching service will cost on average €70 per hour.
When it comes to person-to-person services, this is pretty expensive considering the coaching is financed by personal funds. The plus side is that more often than not, there is no need for numerous individual sessions to achieve concrete results.
The fundamental objectives of coaching are indeed speed, intensity and the low number of sessions planned.
Check for personal development courses here on Superprof or search for career guidance for adults on Google to bring you to a list of places available across the country.
In-House Company Coaching: What Does It Cost?
As we have already mentioned in a previous article on the subject, coaching rates depend on the professional coach, the nature of the coaching (team coaching, individual interview, company coach), the position of the coachee and the tools used to enable clients to achieve their objectives.
As a rule, Most coaches typically charge in the range of €50 to €150 per hour-long session.
It may be expensive, but the expected results - well-being at work, better income, better position in the hierarchy, etc. - result in an undeniable return on investment.
You must know that the bigger the company, the higher the bill will be.
To help with professional coaching, the company coach charges on average somewhere between €500 and €1000 per session: this amount is based on an agreement between the coach, the employee and their company.
Bearing in mind that there are usually somewhere between six and 50 people in these courses and they go on from multiple sections the coach or professional career guidance person will earn their money.
A coach certified by a recognized coaching school will, in theory, be more expensive than a self-proclaimed coach even though they may be able to prove to have 15 or 20 years of experience in team management or human resources management.
The larger the company, the higher the coaching fee will be because the managers of large corporations will have to face more important challenges than for a small local company.
Moreover, it can be observed that the higher the level of the coach's is, the higher the hourly rate will be: indeed, it is considered that through a runoff effect, the benefits of coaching will have an effect on all the coachee's employees.
The challenge is, therefore, even for a large company, to get a quick return on investment.
Do not forget that this investment in human capital will bring productivity gains and high added value to the production of services: in short, the company will hope in return, through a multiplier effect, to increase its turnover tenfold thanks to initially very expensive coaching.
Find good personal development courses here on Superprof.
How Much To Pay For Personal Coaching Sessions
Slowing down spending on supervision or skills assessment can obscure the prospects for professional retraining, and lead to stagnation.
In other words, having followed a coaching program for the development of skills - non-violent communication, emotional management, preparing for a job start, a job interview, etc. - is essential and can be a catalyst for important benefits (well-being at work or higher wages).
Personal coaching is financed by the coachee himself and may seem expensive since it weighs on their own budget.
But don't be horrified or scream at the sight of three-digit rates: most of the time, the coaching training program will revolve around 4 or 5 two-hour sessions.
In monetary terms, we are well below the hours of home-school support for a middle or high school student over a whole school year.
For example, a coaching training plan in Dublin for 5 sessions could cost around €600. the equivalent of a months rent.
Of course, this represents a sacrifice, but not necessarily an impoverishment.
In fact, individual coaching sessions should be considered as deferred income.
Another way to reduce your bill is to use a remote coaching service. Video conferencing can be a way to find a professional coach worldwide without burning through your savings!
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