How to Improve the Engagement and Retention of Young Hourly Workers
December 19 | Dashell Laryea | Comments (0)
What would you do if the majority of your entry-level, hourly workforce was planning to leave in less than a year? More than half of the 1,200 young people working in entry-level jobs we surveyed said that was their plan — and less than a quarter felt highly satisfied with their job. That’s expensive for business.
How Digital Tools and Behavioral Economics Will Save Retirement
December 17 | Shlomo Benartzi, Professor, Anderson School of Management, UCLA | Comments (0)
In the domain of retirement savings, Nobel laureate Richard Thaler and I devised a program called Save More Tomorrow back in the mid-1990s that used nudges to help people make better decisions about their long-term financial future. That program invites employees to gradually increase their savings rate over time, and it has been a success: according to my latest estimates, it has boosted the savings rates of as many as 15 million Americans.
Too Many Experts Can Hurt Your Innovation Projects
December 17 | Riitta Katila | Comments (0)
Doctors understand what other doctors will value in a new product; lawyers know what other lawyers need. But you can have too much of a good thing — including input from such experts. In fact, my colleagues and I have found that innovation thrives when expert users make up about 40% of an invention team. Any less and the company will lose sight of what its customers need; any more and the group will tend to converge on old ideas.
Work Like an Artist—Being in the moment
December 17 | Alexandra Phillips, Personal Business Coach, Alexandra Phillips Consulting | Comments (0)
Artists relish the process of creation as much as the idea of their finished product. For an artist, there is an inherent acceptance that there is a rehearsal process that cannot be shortchanged to get the results that they want. And when an artist takes as much pleasure in the creation of a work of art, they are also learning about the way that they create — tucking away insights that will help in their next project.
Should Small to Mid-Sized Companies Be Measuring Engagement?
December 13 | Adam Pressman, Global Director, Client Partnerships , Sirota | Comments (0)
Most organizations with headcounts of over 2,000 employees measure engagement in one form or another. In fact, according to a study by The Engagement Institute, 8 of 10 HR executives say that their organization has a formal engagement program. What about smaller organizations?
How the Gender Pay Gap Widens as Women Get Promoted
December 08 | Lydia Frank | Comments (0)
We’ve all heard the figures around the gender pay gap — that women earn 70-something cents on the dollar, depending on the data source you use, compared to men. A lot of what contributes to that gap is the variance in earning potential between the industries and job types that women and men dominate, with women holding more “caretaking” jobs (e.g. healthcare, social work, education) in our society while men hold more technical jobs (e.g. engineering, computer science).
It’s Time to Tie Executive Compensation to Sustainability
December 08 | Seymour Burchman, Managing Director, Semler Brossy | Comments (0)
Despite conflicting messages about climate change from U.S. government leaders, sustainability is getting more and more attention at American companies. Shareholders are ratcheting up their demands on environmental and social issues. Consumers are registering their concerns about how companies make their products. And talented Millennial employees are voting with their feet by leaving laggard companies behind.
Why We Need to Stop Obsessing Over CEO Pay Ratios
December 08 | Alex Edmans | Comments (0)
The numbers are striking. In 2015 U.S. CEOs earned 335 times the pay of the average worker. In the U.K. they earn 129 times more; the High Pay Centre marked “Fat Cat Wednesday” (January 4, 2017) as the day by when a CEO has already earned more than an average worker earns in the entire year.
Even Senior Executives Need a Side Hustle
December 07 | Dorie Clark, Strategy Consultant | Comments (0)
The rise of the “gig economy” has prompted much soul-searching about the future of the economy. But portfolio careers aren’t only for stay-at-home parents looking to freelance a few hours a day while their kids are in school or grad students moonlighting as Uber drivers and Task Rabbits. Even senior executives who want to stay in their corporate jobs should strongly consider developing at least one side income stream.