Turn Your Managers Into High-Growth Coaches With These 4 Steps

StrategyDriven Talent Management Article |Business Coaching|Turn Your Managers Into High-Growth Coaches With These 4 Steps Through our decades of business research, we’ve discovered that nothing elevates performance more than coaching. Any organization, division, or team can implement a coaching process that leads to greater growth and increased revenue. Of course, putting such a system in place requires thoughtful planning. Here are four steps to establishing a coaching process that is teachable, measurable, and leads to the creation of more high-growth coaches:

Step 1: Measure

Growth in coaching, growth in individuals, growth in outcomes, and growth in sales—these areas are what businesses are looking for when they embark on a process for improving the execution of coaching within their organizations. That is why measurement is the essential first step in our four-step coaching process.

The most important way that you can measure coaching acumen and execution is by surveying team members. By asking them about the consistency and effectiveness of the coaching they receive, you will better understand your organization’s current coaching environment. This not only helps you establish a baseline of performance, but also allows you to tailor your coaching process to better meet your needs.

Most organizations do not measure coaching, so they have no idea whether it’s already occurring or how well it’s being received by team members. Having this information will give you clarity about your company’s current coaching effectiveness and how it needs to improve.

Step 2: Educate and Train

In today’s business environment, continual development—giving up old skills and learning new ones—is absolutely critical to individual and organizational growth.

Unfortunately, too many companies view education and training as stand-alone events that will single-handedly provide what is needed to create behavior change and growth outcomes. But often, despite what is learned at an educational event, that knowledge is not applied and change is not implemented.

The education process must begin with building the coaches’ understanding of the importance of coaching. Coaches aren’t going to change their coaching behavior unless they emotionally buy in to the need to do so. It’s important that training and education is not a PowerPoint-and-quiz type of event, because you are trying to get coaches to give up their preconceived notions and make changes in the way they coach.

Step 3: Implement

It is easy to say, “Go forth and execute,” but, by default, most coaches return to old habits and behaviors. The best way to combat this tendency is to create a collaborative implementation environment that is driven by bringing together people who are trying to improve their coaching behavior. We refer to these gatherings as implementation huddles. The focus of these huddles is on the continued sharing of best coaching practices and open discussion of the challenges to overcome.

Implementation huddles provide coaches the ability to collaborate with one another about what is working and not working. They also create accountability for implementing the coaching activities, because it’s difficult for coaches to participate if they have not done the work. Moreover, they reinforce the importance of the coaching process.

Step 4: Track and Analyze

What would happen if doctors followed evidenced-based medicine best practices only 54 percent of the time? What if engineers provided bridge designs that met only 54 percent of the safety standards they were supposed to meet?

In most companies we’ve studied, coaches are doing only 54 percent of the necessary coaching activities. Further, when they are coaching their team members, 45 percent of coaches are falling short of the coaching quality standards they need to achieve in order to hit their performance goals.

By measuring coaching quantity and coaching quality, we have become acutely aware that most coaches don’t know how their actions and behaviors affect the growth of their teams. They don’t know what to do, how often to do it, or how to do it well. Because the vast majority of coaches in the business world don’t have the data and information they need, they have been underperforming for decades.

Analysis of this kind of coaching information not only allows a story to emerge but also solves a long-standing performance improvement mystery that, up to this point, has never been understood. That is, organizations would see different performance levels from teams, but the only data they could examine to explain this difference was on frontline performers. This information may answer the question in some cases, but without measurement of coach performance, there was a huge unknown variable.

We saw the impact of the coach when we analyzed data across sales departments of our client organizations. Forty-five percent of managers fell below necessary coaching quality standards to hit their sales number. When we considered the average sales goals of these coaches, this translated to $4.3 million left on the table due to inadequate coaching.

When it comes to creating high-growth coaches, these four steps, while independent, are inextricably linked. You cannot do just one of them and expect change. Simply put, if you want to build a high-growth culture, it takes consistent execution of the entire four-step process.


About the Authors

Bill Eckstrom, co-author of The Coaching Effect: What Great Leaders Do to Increase Sales, Enhance Performance, and Sustain Growth, is the founder of EcSell Institute, a research-based organization that works with leaders internationally to help them better understand, measure, and elevate coaching’s impact on performance. Bill was invited to the TEDx stage in 2017, and his talk “Why Comfort Will Ruin Your Life” was the fastest-growing TEDx Talk in the history of the event when it was released. To learn more, visit: www.ecsellinstitute.com

Sarah Wirth, co-author of The Coaching Effect: What Great Leaders Do to Increase Sales, Enhance Performance, and Sustain Growth, is vice president of client services at EcSell Institute. She has twenty years of experience in employee assessment, leadership development, sales executive coaching, and customer service. She has advised executives from across the globe, consulting with such organizations as Mercedes-Benz, Estee Lauder, Ritz-Carlton, The Cheesecake Factory, and many more. To learn more, visit: www.ecsellinstitute.com

Culture Change – Slow Down to Go Fast

StrategyDriven Article |Workplace Culture|Culture Change – Slow Down to Go FastWhen my children were taking violin lessons and were given a new piece to learn, they would start from the beginning and race through the song at breakneck speed. One day, their teacher offered an insight that radically altered how they were able to progress. He told them that if they wanted to play fast, they would first have to practice slow. Similarly, taking the time to slow down and plan improvements to workplace culture also produces more effective results down the line.

Workplace culture isn’t something you can instantly fix, swap out, or quickly reboot. It’s not like a used car you can trade in when it no longer runs smoothly. Culture change requires culture work – and success necessitates effort and attention. Rather than being daunted by this task, we need to take a breath, slow down, and intentionally chart our course forward.

We recently worked with an organization who took the advice to slow down and take the time to invest in their long-term workplace culture to heart. Their decision was precipitated by a harassment complaint that revealed many layers of dysfunction – they could no longer ignore the impact their unhealthy culture was having.

Management was distant and unaware of the tension between employees, staff turnover was high, valued customers were leaving, and the human resources department admitted they were overwhelmed with the flood of complaints. The task of improving their workplace seemed enormous, but they decided to roll up their sleeves and get to work.

Senior management started by doing a cultural assessment and mapping out a plan. They began with a number of simple fixes to jumpstart the process. They revamped their respectful workplace policy, as well as held a training day for all staff to inform them of the current cultural assessment. Supervisors and management began joining employees in the common area during breaks.

To begin the long-term work of culture change, the organization initiated dialogue with staff and instituted weekly check-ins. They also revamped their performance management process to include a quarterly focus on employees’ goals, and provided all supervisors with training on conflict resolution and how to give effective feedback. These, along with a number of other changes, started to slowly shift their workplace culture in the right direction.

Now several months into the process, they are beginning to see the positive results! Staff are happier and more engaged, which has led to better productivity and an improvement in the quality of work being done. Their human resources department feels supported by management, and complaints have dropped as supervisors gain confidence in their ability to coach and support employees.
This organization realized that it would take time to replace the unhealthy culture with a healthy one, and that it couldn’t happen all at once. As a result of their patient and intentional work, they have seen a slow but marked improvement in their culture.

Culture is often so ingrained that people take it for granted. When we recognize that there are long-standing issues that we need to address, the work ahead can feel overwhelming, but culture won’t be improved with one-off initiatives like taco Tuesday or yearly surveys. Culture develops over time, and therefore takes time to change. Taking small steps to create a culture that will become the new standard may feel like slow work, but the rewards of a healthier culture are more than worth the wait.


About the Author

StrategyDriven Expert Contributor | Wendy LoewenWendy Loewen is a mediator, facilitator, and the Training Development Specialist at ACHIEVE Centre for Leadership & Workplace Performance. She is co-author of the book, The Culture Question, and is the author of many ACHIEVE workshops including Respectful Workplace, Assertive Communication, and Performance Management. In her work as a mediator, speaker, and facilitator, she is committed to helping organizations create dynamic and engaging places of work where people care about each other, are productive, and deliver quality services and products. Wendy believes that learning is a dynamic and life-long endeavor, and with commitment, guidance, and individualized support, this process should be enjoyable and motivating.

The Best Ways to Prepare for Retirement

StrategyDriven Practices for Professionals Article | The Best Ways to Prepare for RetirementRetirement can be daunting, especially when considering a pension at the start of your working life. However, with the right preparation, you can make retirement a simple and relaxing process, devoid of money worries and other concerns that you will want to leave behind in the working world.

Your Workplace’s Pension Scheme

Firstly, you should ensure that you auto-enroll in your companies’ pension scheme, where possible. Although it may be tempting to opt out and receive the extra money now, employers contribute 0.8% of their gross income into your pension scheme. In the long run, this means that you benefit extensively by waiting to reap the rewards of your hard work.

Your Home’s Equity

Many people would suggest that relying on your home’s equity in retirement is a good idea. However, although a popular way to gain extra money during retirement, there are both negatives and benefits to releasing your home’s equity for this purpose. Instead, it is best to save beforehand and ensure that you are already prepared for retirement by the time your working life is over.

Save Throughout Your Life

Although your quarter-life crisis may seem too soon to start saving for your distance future, the best way to prepare for retirement is to start saving as soon as possible. Whether this is your first pay-check or a little bit later, saving early can give you the best rates on compound interest which can drastically increase your retirement fund.

For instance, if you save £100 a month over 40 years rather than double that amount over 20, you can make almost £48,000 more in interest.

Prepare for a State Pension

Although state pensions may feel as if you are being paid back for your hard work, state pensions only provide you with £115 a week to live on, which can be difficult if you are paying rent and other bills alongside this. You may also have to wait longer than expected for this, with the age correlating to current life expectancy, which means that the boundaries are constantly changing. Therefore, it is important to ensure that you have multiple funds to support you in your old age by starting an independent pension fund.

Check Your Pension’s Performance

Next, you should always check your pension’s performance to ensure that it is growing at the pace which you expect. Many pension schemes can change over time and affect the amount that you are putting away, and so ensuring that you track your pension’s performance over time is important to prepare for your retirement.

Compare the Best Annuities

The best annuities can often be found on the open market than through your current provider. Although many people rush into buying an annuity with their pension company, there are often 60% differences in annuity rates between the best and worst annuities available, meaning that it is important to look around for the best one.
For more pension advice, contact Portafina, or follow their social media on Portafina’s Facebook, LinkedIn, YouTube and Twitter.

Disclaimer: The above information is not financial advice. For any financial decisions you need to make, please talk to a qualified financial advisor.

3 Lessons All Small Healthcare Clinics Can Learn From Large Hospitals

StrategyDriven Tactical Execution Article |Productivity|3 Lessons All Small Healthcare Clinics Can Learn From Large HospitalsWhen running a healthcare clinic, the chances are that you will focus primarily on running the best clinic you can run. You will read advice on marketing your services, improving productivity in your business, and similar guidance, all with a specific focus on the small clinic setting.

Of course, focusing on advice for clinics makes complete sense – but it is also worth thinking a little bigger, and considering the lessons you can learn from larger establishments. After all, if a large, monolithic hospital that provides services to thousands of patients every day is making a particular decision, or using a specific technology, it’s fair to assume they are doing so because it works. By implementing the same ideas into your clinic, you can enjoy the same benefits, and significantly improve the service you can provide to your customers. Here are three ideas that most larger hospitals will use, all of which could be hugely advantageous if incorporated into your smaller clinic setting…

Full focus on navigation

Hospitals are huge buildings, which means they have to focus on ensuring patients can comfortably navigate from one area to the next. While a smaller clinic is, of course, more modest in terms of the size, the same focus on navigation can be hugely beneficial. With good signposting and floor line systems, you can ensure your patients always know where they need to be without having to ask staff for directions; as a result, patients feel more at ease, and staff are free to focus on routine tasks.

Embrace tech advances

Large hospitals have to embrace tech advances across every aspect of their service; from ensuring they have a top-of-the-line appointment scheduling system to installing the best hospital pharmacy inventory management system currently available, hospitals know that they have to be at the cutting edge of innovation in order to provide for their large patient base. It’s therefore helpful if you bring the same willingness to embrace technology to your smaller clinic, continually seeking new solutions for every operational area of your business. It should then naturally follow that the more tech you can introduce, the more streamlined and efficient your clinic will be.

Expansive opening hours

Certain aspects of a hospital are available 24/7; the ER, for example. However, many hospitals now offer standard appointments with specialists outside of the usual daytime-Monday-to-Friday arrangement scheduling. If you are looking to expand your potential patient base, offering the same, wide-reaching approach to appointment times could be hugely beneficial. After all, if you only offer appointments during the day throughout the working week, patients who work the same schedule are less likely to be able to attend appointments.

It’s therefore worth experimenting with evening and Saturday appointments and then assessing the results; if the uptake is good, consider extending your opening hours further in order to better meet the scheduling requirements of your patients.

In conclusion

By incorporating the above, you can enjoy the advantages of a large-scale hospital in your smaller clinic setting – much to the benefit of your staff, your patients, and ultimately, the clinic’s overall success.

Can Text Messages Help Your Accounts Receivable Department – Yes!

StrategyDriven Marketing and Sales Article |Accounting|Can Text Messages Help Your Accounts Receivable Department Yes!Our lives are hectic, and technology can help the situation and make it worse at the same time. However, if your company wants to communicate effectively, it needs to rely on text messaging as a way to be more efficient and increase revenues. We look at how in this article.

Increased Response Rate

According to research, text messages are opened at a rate of 98% when compared to emails which are opened at a rate of only 20%. Also, text messaging is the preferred method of communication among millennials. Lastly, most people carry their phones with them wherever they go, which means that if you want to reach someone with an important message, you should consider texting them.

Knowing that, let’s take a look at how your accounts receivable department can benefit from text messaging.

Texts Notifications Are Pervasive

More and more communities, governments, and outreaches are adopting text messaging as the way to get vital information out to people. Nearly everyone checks their phone when they get a notification even if they don’t immediately act on it.

Texts & Accounts Receivable

Now that we’ve seen how widely used text messaging is, and people are more likely to read their messages, let’s look at how your company’s accounts receivable department can benefit.
Sending out paper bills that get left on the counter for days is old fashioned as is waiting for a customer to send in a check. Many customers now prefer to pay their bills via autopay or by visiting a website or using an app to pay with a credit card. Text messaging encourages a quicker response to pay a bill and ensures that invoices don’t get lost in the mail or forgotten about.

Also, sending out a text message as a reminder is seen as less intrusive to people than a phone call, and is more likely to be acted on than sending a letter in the mail.

Increased Response Time

Another considerable advantage to using text messages to notify people about invoices is that you’re more likely to get an immediate response than if you inform them by other means such as email, phone calls or snail mail.

When a person receives a notification of a bill that’s due, and an easy way to pay, generally speaking, they pay right away, which means increased cash flow for your company.

Makes Accounts Receivable More Efficient

In addition to a higher response rate from your customers, your AR department becomes more efficient thanks to text messaging too. The less time your AR department has to spend sending out letters and making phone calls trying to track down money means they can spend more time expanding their reach and becoming more efficient.

If your company isn’t making use of text messaging and push notifications, it’s high time that you research the benefits and experiment and find a system that works for you; you have nothing to lose and everything to gain.

Ron Kinkade is the Director of Marketing at Call-Em-All, an automated calling and  mass texting company that provides solutions for small and medium sized businesses, large corporations, membership organizations, community groups, and individuals. Ron has more than 15 years of experience with a proven track record of success. Ron is a graduate of Illinois State University.