Many executive coaches use time as the basis for their compensation; that is, they charge by the hour and/or session.
CreatingExtraordinary Organizations, LLC takes a different approach as each engagement is designed with a unique individual, group or organization taken into consideration, therefore, thefee is projectand value driven.
Services are unique for each coaching situation and as a result so are the fees.
After a no-charge initial meeting, a written proposal is submitted for consideration.
Both engagement and confidentiality agreements will be signed by the coach to underscore his commitment to creating a trusting and productive relationship.
Typically, coaching engagements are started with a retainer paid in advance and then progress payments coupled to an intermittent performance schedule. As such, the total fee and payment schedule is established in advance.
Here are just a few reasons why this type of fee arrangement creates a good fit:
• Places a dollar cap in advance - the meter is not constantly running,
• Scheduling is better facilitated to accommodate time and work schedules,
• Coaching activities are tied to targeted results, and
• A predetermined payment and completion timetable is created.
This fee arrangement is a most positive way for us to work together!
Who Pays for the Executive Coaching Services?
Coachees choose one of the following three options when deciding how to pay for Executive Coaching Services:
1. Organization Sponsored Executive Coaching - the organization pays for the coaching.
2. Partially Organization Sponsored Executive Coaching - the organization pays a portion of the coaching and the coachee pays the remainder.
3. Individually Engaged Executive Coaching - the coachee pays for the coaching