Coachmarket Blog

Tiger Woods uses a coach, why not you?

Why does Tiger Woods need a coach? Why do companies use outside counsel? In either case, the answer is the same—because we cannot see ourselves as others see us. Tiger can’t see his own golf swing, to critique and improve his performance. Companies can only see through the lens of their own budget constraints and business plan. Sometimes the best practice is to prioritize learning, to improve performance.

Athletes understand that there’s always room for improvement, and that this improvement comes by way of the investment of working with an expert who can generate an incredible return. Click here to read the full article.

5 Things Great Coaches Do (That You Can’t Do Yourself)

Debbie Madden, CEO/Executive Coach. For more information find me on www.coachmarket.com

I’ve built teams and run companies for 20 years. I’ve hired coaches and been hired to coach. Every coaching engagement is unique. However, there are certain things that great coaches do that have lasting and valuable impact. If you’re considering hiring a coach, here are 5 things that great coaches do that you can’t do for yourself:

1. Provide unemotional perspective

Company leaders tend to be emotionally invested in their business. While we all want passionate leaders, it’s also imperative to have a healthy tension between an emotional executive and an impartial advisor who is removed from the front lines. Good coaches can work with leadership to provide this objective insight.

Employees are the new customer

We’re starting to see this phrase—that employees are the new customer—crop up more and more. In short, it means if you don’t take care to make your employees feel fulfilled and satisfied on the job, then your customer effectively doesn’t even matter. Looked at another way: Want to please your customer? Start by pleasing your employee.

A few months ago, Deloitte released its Global Human Capital Trends 2014, a broad-scale, state of the workforce survey of over 2,500 leaders in over 90 countries. Here are some of their key findings:

Five common talent management pitfalls that create big problems

In a prior blog post, we mentioned the recently released Deloitte Global Human Capital Trends 2014 report. The report found what very much looks like a crisis in leadership identification and training, a crisis in employee engagement and retention, a crisis in talent management and a lack of HR skills to address these big problems.

Tomas Chamorro-Premuzic, author, business professor and expert in personality profiling and psychometric testing, sees five widespread, toxic talent management habits. He suggests that by correcting these problems, companies can begin digging themselves out of crisis mode and into productivity and success mode.

Cinnabon president, Kat Cole, on the importance of being coachable and questioning successes more than failures

Kat Cole, the president of Cinnabon, seems to have had a knack for leadership since she was a young kid, beginning with helping her mom raise Cole’s two younger sisters. Cole took a job at Hooters at age 17, and within two years, she was sent to Australia to assist with the opening of Hooters’ first Australian location.

Cole, who been Cinnabon’s president since January 2011, recently gave an interview with The New York Times where she shared what she’s learned about leadership, success, failure and hiring. It’s a rich interview, filled with insights from a woman who’s created her own success from an early age.

New report by Kelly Services on explosive growth of online staffing platforms

According to recent estimates (Slide 18) by Staffing Industry Analysts (SIA), online staffing is currently a $1.5 Billion industry with annual projected growth rates that could exceed 60% in the coming years.

SIA predicts that by 2020, the online staffing global market could conservatively reach $16B, but may potentially climb as high as $45B. Growth will be driven by both small and large businesses, global organizations, and improvements and innovations in online platforms.

As the global economy improves, hiring is projected to ramp up and competition for top talent is expected to intensify. According to Kelly Services’ Global Trends in RPO and Talent Recruitment 2014 report, organizations are increasingly considering outsourcing some or all of their hiring functions in order to gain an edge in the war for talent.

Why Online Marketplaces Are Booming

By Glenn Laumeister, CEO of CoachMarket

The service industries account for 68% of the United States GDP and four out of five jobs, but until now e-commerce growth has been dominated by product sales from the likes of Amazon, eBay, Staples, Wal-Mart and Best Buy.  That is changing fast as just in the last few years the growth of new services marketplaces have exploded and provide us a glimpse of what is possible in the future.

Some of these services marketplaces have created whole new categories of commerce that did not even exist even just a few years ago.  One example is Fiverr, which just raised an additional $30 million in venture capital and has created a whole new category of micro services, where customers can pay as little $5 per service from a network of freelancers in over 196 countries who will perform services ranging from voice overs to logo design to video production.