The Hard Times Guide to Retirement Security: Practical Strategies for Money, Work, and Living

Chapter 15. How to Hire a Career Coach

The personal upheaval associated with career transition can be monumental—especially for those who face an unexpected, premature retirement because of job loss. Setting a new course can be daunting; and if you're like most people, you won't have a clue how to get started. You may also feel a sense of urgency to "get it right" because this career move may be your last. It's important to take time for some quiet reflection and conversation about what should come next—something that many A-type personalities find nearly impossible to do. What's more, the people closest to you may not be the best advisers because they bring their own preconceptions about you to the discussion.

That's where a coach can help.

Career and life coaching is a burgeoning segment of the advisory field, and many coaches have developed specific expertise in addressing midlife transitions. But coaches are a bit like financial planners; anyone can call him- or herself a coach and hang out a shingle. So it's important to pay attention to the background, training, and credentials of anyone you consider for a coaching assignment. Fees vary, but a coach typically charges anywhere from $75 for a one-hour workshop to $200 an hour for advice to senior-level executives and professionals. Some advisers will provide a free initial consultation; if you sign up, most will expect a three- to six-month minimum commitment.^[105] If one-on-one coaching isn't for you, then consider a career networking ...