Whether you're thinking of updating your skills or gaining additional skills required in your current position, seeking a promotion, or changing your career altogether, professional coaching may just what you need to help you remain competitive, but it could also be costly so it's important to look at what is available.
According to statictics, surveys and polls in recent years, most middle age men were shown to belong to another social class from those of their fathers, and this generation also showing a greater mobility in the professional working world.
As career and life ambitions change , it's sometimes necessary to reinvent in order to achieve and manage these changes successfully, coaching sessions may help you achieve this by: company coaching in-house, individual coaching, executive coaching, group or team coaching etc.
This article, will review the average prices clients may have to pay to find a personal life coach Vancouver and change their professional life.
Why Pay For A Professional Coach?
The professional coaching business requires key skills that may be a costly endeavour, thou much sought after.
This price can often be unaffordable to many, especially if you do not hold a senior executive position in your company and are looking for private individual one on one professional coaching.
The price for professional coaching can be prohibitive to many, not a lot of people can spare $3000 to $4000 of your yearly budget to follow neuro-linguistic programming (NLP) courses or professional development coaching like conflict or stress management sessions, especially if your salary is around the national average.
However, with an increasingly challenging global economic environment and with a corporate culture requiring workers - whatever their qualifications - to continually improve and increase their efficiency and productivity, professional coaching is more and more needed to remain competitive.
At one time or another, everyone faces career management difficulties., at times finding solutions can be complicated and costly when looking for continued higher education, skills training, or looking for self development and self improvement guidance. Sometimes you may want to start your own business, are looking for a career change or on a personal level you may be lacking in self-confidence; all these issues that would benefit from professional coaching.
And there are many problems or issues that can hinder people from progressing upwards in their professional life.
Professional coach is not exclusively reserved for only top executives of The Financial Times-Stock Exchange 100 Index and it should not have to cost someone a year's salary.
As executive coach and supervisory professional, Valérie Pascal reiterates, everyone could benefit from a professional coach during the course of their professional life!
Investing in a professional coaching service - in individual coaching - helps you to reflect on yourself personally and professionally and it's important to take a step back to reflect, on personal reasons to get coaching like to help you to; regain self-confidence, help you to speak assertively, improve your communication skills, help you to manage stress, etc.,or simply to help you to achieve professional objectives that may be daunting or seemingly unattainable for you to tackle on your own.
A coach will ask questions for you to reflect on, mobilise coaching tools like - NLP, systemic approach, transactional analysis - to help you change a given situation or pattern of behaviour, to teach you how to best approach challenges and situations personally and professionally as they arise.
A high cost for change management can be considered an investment and can more than pay itself back, with future expected benefits that are far greater and outweigh those costs. Sometimes coaching can help to multiply your potential salary by three.
How much can it cost? Although we now know the possible benefits of professional coaching courses, it is important to try to set a fair price for this service.
If you are looking to hire a personal development coach? Check Superprof now!
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-recognised or imposed coach training that one must complete to be able to practice. All are usually specialised in their prospective fields of study and many have various levels of experience and training.
First of all, there are more than 3000 professional coaching teachers on Superprof: most offer online sessions (through Skype of the likes), so you can have the option to learn online how to manage stress or better approach interpersonal relationships, whatever issues you choose to address and with coaches anywhere throughout Canada.
For in-person sessions, it is necessary to compare the prices in each city or region, and depending on your local the offers becomes less abundant especially if you live in a medium-sized city as opposed to our largest cities in Canada.
In Toronto, a professional coaching service can range substantially but will cost on average $200 to $500 per hour.
When looking at person-to-person services, it may be more expensive considering that coaching may be self financed. However, 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 of the sessions and keeping the number of sessions lower but more intensive.
Rates in Toronto range from $35 to $50 per hour on Superprof.
Do you need to climb the ladder of your professional environment in Vancouver, to do a market study, to evolve professionally? Contact a coach in Vancouver!
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 personal coach Toronto, the nature of the coaching (team coaching, individual interview, company coach), the position of the client and the tools used to enable clients to achieve their objectives.
On average, the price of a session can increase to $600 or upwards to$1000 when a company uses a coaching firm on behalf of one or more of its employees.
The price range, therefore, ranges from $150 to $650 excluding taxes on average. This is a fairly wide price range because each service provider is free to set their own prices and it is quite impossible for us to make an exhaustive inventory of all the tariffs applied throughout Canada.
A coach certified by a recognised 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, as managers of larger corporations are facing more complicated and or larger challenges, than for a small local company.
It can also be observed that the higher the level of the individual to be coached, 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 clients employees.
But at the end of the action plan, the bill quickly reaches significant sums: a certified professional coach usually invoices between $4,000 and $8,000 excluding taxes for executive or top manager coaching and between $10,000 and $16,000 excluding tax for team coaching.
The challenge is, therefore, even for a large company, to get a quick return on investment.
Here are some other examples of rates you can find on the web:
$520 for an initial diagnosis for the support of executives, managers and top managers,
Between $900 and $1600 per day for trainers, team building coaching.
So if the company orders between 5 and 10 days of coaching for their employee, the invoice will quickly amount to a total ranging from $8,000 to $16,000.
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.
How Much To Pay For Personal Coaching Sessions
For some companies decreasing their spending on; supervision and management skills and assessments, can obscure the prospects for professional retraining, and lead to stagnation.
So having a coaching program for the development of skills - non-violent communication, emotional management, professional development, preparing for a job start, a job interview, etc. - is essential and can be a catalyst for many personal and professional benefits (well-being at work or higher wages).
Personal coaching is usually financed by the clients themselves and may seem expensive since it must come out of their own budgets.
It can be shocking to see three-digit rates: the coaching training program will revolve around 4 or 5 two-hour sessions.
In Toronto and throughout the Greater Toronto region, prices are usually higher than elsewhere in Canada since real estate and cost of living are higher in the metropolitan areas.
This is the reason that the average price for a coaching session in Toronto usually falls around $100 or more, an hour whereas it is only around $60 or $70 an hour in other Canadian cities.
For perspective, a coaching plan in Toronto with 5 sessions could cost between $350 and $600: the equivalent of a month's rent.
In fact, some coaching sessions should be considered as deferred income.
Greater Toronto residents can always benefit from lower prices by seeking the expertise of a coaching firm in Mississauga, North York, or Scarborough so regions just outside of the city, but adversely it will then be necessary to pay the transport costs (train, motorway and petrol or carpooling).
It's not clear that the cost related to travel expenses compensates for the gain made by avoiding Toronto coaches!
Another way to reduce your bill is to use a online coaching services. Video conferencing can be a convenient way to find a professional coach worldwide without incurring extra costs for travel!