5 days ago

India’s Executive Coaches Face Fee Cuts and AI Competition

India’s Executive Coaches Face Fee Cuts and AI Competition
Of advisor bots and fee cuts in the times of exec coaching wars · livemint.com

Executive coaches help company leaders think through difficult work problems.

They usually listen, ask questions and help people find their own answers.

More coaches and online platforms are now entering India’s coaching market.

This means coaches are competing more for clients and some are lowering their prices.

Experienced coaches can charge much more than beginners.

Companies still want coaching because they are trying to keep senior employees and develop better leaders.

Artificial intelligence is also becoming part of some coaching programs.

AI can help set goals, match clients with coaches and provide support between meetings.

Some coaches think AI could eventually compete with human coaches.

Key facts

Typical CXO coaching fee
₹50,000 to ₹1 lakh per hour, and sometimes more
New-coach fee range
Some newer coaches charge ₹8,000–₹10,000 per hour
Meeraq coach network
About 3,000 coaches on the platform
Coach-To-Transformation enrollment
About 500 executives annually, compared with 20–25 participants in 2016
Coach-training course
A three-to-four-month course costs ₹1.65 lakh plus GST
Credentialing
Coaches must log a specified number of coaching hours and pass tests to progress through credential levels
AI applications
Goal-setting, coach matching and check-ins between coaching sessions

Quotes

Debeshi Chakraborty

Executive coach and founder of Dezinecareers

“AI is increasingly becoming part of organizational coaching, particularly in longer-term programmes. For instance, in a 10-session engagement, AI can help with initial goal-setting, identifying right coaches aligned to those goals, and check-ins between sessions.”
livemint.com
“At one end, the clients are progressively asking for fee cuts, and while AI is yet to threaten the coaching world, we are not far away from the day when a bot will be able to read a client's emotions and facial patterns better than a human coach.”
livemint.com

Sources

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