In part one we responded to the HFMWeek statements on the prevalence of coaches in the financial service industry and their take on the unique traits of financial service professionals. This section we will talk about why financial services can be such a difficult career despite the high salaries. Downside of the Profession HFMWeek Expert … Read More
The Real Life “Wendys”: Our Experience with Coaching and Finance (Part 1)
Approximately 5 years ago, Psynet Group started working with financial service companies including private equity, banks, and hedge funds. We continue to get an education from these clients as we add value, and find them to be as interesting and fun as they are challenging. When we began this work, we had no idea that … Read More
Elliott Jaques Was an “Envisionary”
(Lesson 4 From 1,000 Assessments) Dr. Jaques was a Canadian thinker, psychoanalyst, and management consultant who is best known for developing many of the original ideas used in the classification of corporate culture. One major concept centers on his belief that individuals reach a certain professional level based almost exclusively on their ability to cognitively … Read More
The Unconventional Wisdom of Doing Nothing
(Lesson 3 From 1,000 Assessments) The Ultimate Dilemma– Imagine a burning building. As the flames climb, three individuals stand in the street wondering if everyone inside made it out safely, but with all the smoke it’s impossible to tell. The first person, unable to stand idly, rushes into the building looking for potential survivors. The … Read More
A Conscientious Sociopath Will Do Unconscionable Damage
(Lesson 2 From 1,000 Assessments) Stories about the genius sociopath are ubiquitous. So ubiquitous, in fact, that we glorify those who are considered “crazy like a fox” and assume their extreme behaviors are well calculated. In a way, we almost expect the smartest among us to be rule breakers and disregard limits. Therefore, it becomes … Read More
Big Brains Make Big Mistakes
(Lesson 1 From 1,000 Assessments) A shockingly high percentage of our client base has experience hiring someone who almost single handedly derailed their entire organization. Less the result of their own oversight and more accurately a reflection of the common belief that there is no downside to hiring smart people. However, even our most experienced … Read More
The Pitfalls of Hiring Smart People
Hiring smart people is a smart move. Research shows that such individuals possess a more robust professional experience compared to their peers, as well as far more than the requisite periphery knowledge necessary in dealing with a wide array of workplace circumstances. Hiring such individuals, therefore, is the clear and straightforward business play. Based on … Read More