No Contingent Fee Coaching
When the same topic comes up during two teleclasses for executive coaches, I give it detailed consideration. What are the ethics of coaching a client toward producing a specific result that will have direct, significant impact on the coach’s personal finances. At first, I felt okay making an agreement to share in my client’s increased sales, profits, stock price, etc. I was also comfortable with making my fee contingent upon the client producing a particular result.
I am now sure that is a bad idea.
“…to make a statement about ends that do not justify all means is to speak in paradoxes, the definition of an end being precisely the justification of the means”
I shifted my opinion during the second teleclass. I saw that if I, as an executive coach, become attached to a particular tangible outcome, whether it affects my compensation or not, I will be taken away from executive coaching toward some sort of manipulation. The coach would (more…)
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