Coaching is the second-fastest-growing industry on the planet, only second to the IT industry. Digital coaching has been a rising trend in coaching, rapidly increasing year on year. In fact, a recent Hype Cycle 2020 Report by leading research and analyst, Gartner, stated the business impact of the democratization of coaching and mentoring as being “transformational for the development and engagement of the workforce.” This is exactly what CoachHub strives for, an executive coach for every employee, regardless of location or time zone.
CoachHub is a leading global talent development platform that enables organizations to create a personalized, measurable, and scalable coaching program for the entire workforce, regardless of department and seniority level. By doing so, organizations are able to reap a multitude of benefits, including increased employee engagement, higher levels of productivity, improved job performance and increased retention.
CoachHub’s global pool of coaches consists of over 1000 certified business coaches in 42 countries across six continents with coaching sessions available in over 30 languages.
Earlier this year, the company also launched its CoachHub4Good initiative, whereby it offers free digital coaching to aid organizations which have been particularly affected by the pandemic.
How it all Started
Having experienced the power of coaching in their previous roles at McKinsey and LinkedIn, brothers Matti and Yannis Niebelschütz co-founded CoachHub in 2018. One thing that was hindering their coaching experience, however, was the logistics around their coaching sessions – having to travel to a different city to meet their coach, booking a room etc. As previous entrepreneurs, they decided it was time to start a new venture together and combat these issues with digital coaching.
CoachHub is the digital coaching provider, offering holistic people development to forward-thinking companies on a global scale. Licenses are sold to organizations, allowing their employees in-app and web access to a global pool of certified executive-level business coaches. The HR dashboard then provides a company-level view of coachee progress to CEOs and HR directors, giving measurable development results and ROI.
With CoachHub, employees at all career levels can now have access to executive level coaching, anytime, anywhere. Since its launching in Berlin under two years ago, CoachHub has expanded into European territories consisting of the UK&I, France, Nordics, Benelux, and Southern Europe. The overall workforce has now exceeded 150 people.
Matti and Yannis are entrepreneurs at heart, having founded several successful startups throughout their careers with CoachHub being their fastest growing one. In fact, it has been listed as the fastest growing startup in Germany, with a goal of hitting 200 people by the end of 2020. This is thanks to them securing a total of $21m investment from five different investors, accelerating their mission to democratize coaching to employees at all career levels.
Staying Ahead of the Curve
The quality of its product is what really sets CoachHub apart from the competition and has helped propel it forward. At the core of its product lies its coaches. Its global pool of an almighty 1000+ coaches, of 30 different languages, across six different continents, is continuing to grow. With established partnerships with world leading coaching associations, including the International Coach Federation (ICF), the applications to become part of CoachHub are growing at a rapid rate.
Behind its product is its Coaching Lab, a think tank that drives behavioral research and development in the coaching space. It provides a repository of expert insights and tools to support the development of coachees, such as how to optimize their workplace performance and thrive on a personal level. Its last round of funding was invested heavily in its coaching lab, which includes some of Europe’s leading professors, psychologists, coaches, researchers and learning experts.
The fact that its product is something that positively impacts and contributes to the world, is what keeps CoachHub going. Digital coaching is an incredibly powerful tool for many things, but in particular to help with stress management, resilience, and agility – all skills that are critical in today’s climate.
Keeping at Pace
Diversity and inclusion (D&I) are hugely important for CoachHub now. How D&I affects employee wellbeing has become all too familiar today amongst HR professionals and C-suites. The institute is currently developing a D&I coaching framework to help organizations with its D&I initiatives. Other trends, particularly in the coaching world are largely around artificial intelligence (AI).
CoachHub already has its own artificial intelligence matching tool for employees to the right coach, but it will certainly continue to see AI disrupt the coaching world. Its innovative product team and Coaching Lab, together, ensure that the institute keeps up the pace with the trends both from a technology perspective and a coaching perspective.
CoachHub plans on reaching a total of 200 employees by the end of 2020. Its ultimate goal is to become the leading digital coaching provider across the globe.