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The Value of an Executive Coach by Wendy S. Enelow, CPRW, JCTC, CCM
When I mention coaching to my executive clients, many quickly brush off the idea, saying they don't need a coach, they know who they are, they know their strengths and they understand their value in the market. All they need is assistance in accelerating their job search. Then, I ask a few questions, and their attitude shifts from "I don't need a coach" to "When can we schedule a coaching session?" Here's why: 1. Coaches offer new perspectives, ideas and career paths to explore. 2. Coaches give you energy, drive and determination. 3. Coaches make you accountable. 4. Coaches can help you determine your real market worth. 5. Coaches can be your confidantes. 6. Coaches are valuable resources for lifelong career management. Not every executive needs a coach. However, a coach can be a tremendously motivating force that will propel your career -- and your paycheck -- to new levels of success. When shopping, speak to at least three to five coaches. It is critical you find someone who you can trust, who you believe is knowledgeable about your industry and profession, and who comes well-referred. Hourly fees vary widely, from $50 to $500, but most charge between $100 and $200 an hour. Other coaches charge a flat fee for a specified period of coaching. Here's a coaching tip, just one of the many tricks a career coach can share with you: You've interviewed several times for a position that is ideal for you. The only problem is the compensation. Take a sheet of paper and draw a line down the middle. Title the left side "Pros" and the right "Cons." Fill the left side with short phrases about why the position is perfect for you and why you're perfect for the position. On the right side, simply write, "compensation." During your next meeting, pull the sheet out under the pretense you've been seriously considering the opportunity. When your interviewer sees how perfect the match is, you'll most likely receive an immediate increase in compensation without having to mention it. |
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