Showing posts with label employee engagement. Show all posts
Showing posts with label employee engagement. Show all posts

Tuesday, March 14, 2023

Profiles in burnout

strategy+business, March 14, 2023

by Theodore Kinni



Photograph by PeopleImages

After New Zealand Prime Minister Jacinda Ardern unexpectedly announced her resignation on January 19, the lead on CNN’s analysis read, “Burnout is real—and it’s nothing be ashamed of.” Indeed.

It would have been more surprising if the PM had, as she described it, “a full tank, plus a bit in reserve for those unplanned and unexpected challenges that inevitably come along.” After all, she led New Zealand through a series of major crises, including the covid-19 pandemic and the Christchurch mosque shootings, which were the worst terrorist attacks in the country’s history. She endured extreme abuse online and received an unprecedented number of personal threats—so many that she may be the first ex-PM in New Zealand to require high levels of security. And she became a parent while PM, giving birth to a daughter, now four years old.

Going by The Burnout Challenge, by Christina Maslach and Michael Leiter, Ardern’s five-year-plus run as PM was a perfect storm for burnout. The authors should know. Maslach, who is professor of psychology emerita at University of California–Berkeley, created the Maslach Burnout Inventory, the first and leading burnout assessment, in 1981. Leiter, who was a professor of organizational psychology at Australia’s Deakin University and held the Canada Research Chair in Occupational Health at Acadia University, has been researching burnout—and collaborating with Maslach—for almost as long. Read the rest here.

Monday, November 22, 2021

Getting real about DEI means getting personal

strategy+business, November 18, 2021

by Theodore Kinni


Photograph by Timsa

In her 2019 book, Diversity, Inc.: The Failed Promise of a Billion-Dollar Business, New York University journalism professor Pamela Newkirk reported that, despite billions of dollars spent annually by companies, over decades, to diversify their workforces, little progress had been made. Although racial and ethnic minorities made up 38.8% of the US population in 2019, they accounted for only 4.5% of Fortune 500 CEOs, 9% of US law firm partners, 16% of Fortune 500 board members, 16.6% of US newsroom journalists, and 17% of full-time university professors in the US. Similar inequities—with respect to not just race and ethnicity, but also gender, age, disability, and other factors—have been documented around the world. For instance, the International Labour Organization reports that women participate in the workforce at a rate 26% lower than that of men (and in some places, 50% lower).

The COVID-19 pandemic hit a few months after Newkirk’s book was published, and a few months after that, protests and racial unrest, set off by the murder of George Floyd and lingering outrage over the killing of Breonna Taylor, broke out in cities across the US and around the world. As heated arguments spread into the workplace, diversity, equity, and inclusion (DEI) rose high on corporate leaders’ agendas. They made aspirational promises and set ambitious targets. But will the DEI initiatives launched over the past year produce anything more than slow, small, and easily lost gains?

Experience suggests that it’s necessary to lower the structural barriers to DEI and set quantitative targets for creating more open and equitable organizations. But it’s becoming clear that leaders must undertake personal initiatives in addition to organizational ones before large-scale, enduring change can take hold in the workplace.

This idea serves as the foundation for Melinda Briana Epler’s How To Be An Ally: Actions You Can Take for a Stronger, Happier Workplace, a new book that guides leaders at all levels (and the rest of us, too) toward personal transformation in service of more diverse, equitable, and inclusive companies. Allyship, a concept that dates back at least 30 years, is the mechanism behind the transformation.

“Allyship is empathy and action,” Epler, who is CEO of Change Catalyst, a DEI consulting, training, and coaching firm, said in an interview with me. “It’s seeing and understanding the person in front of you, taking the time to listen to their unique experiences, and then taking action to support them in whatever way they need.” This is a prescription for good leadership no matter who is standing in front of you, but particularly for people whose gender, race, ethnicity, age, disabilities, or sexual orientation can leave them isolated in companies. Read the rest here.

Thursday, June 24, 2021

Tips for leading people at a distance

strategy+business, June 23, 2021

by Theodore Kinni


Photograph by Urbancow

It seems less and less likely that the pandemic will be the impetus for a permanent, wholesale shift to remote work. Sure, employee sentiment polls find that most people like working from home, and anecdotal evidence suggests a few of them will refuse to return to the office if and when their leaders summon them. But the US Bureau of Labor Statistics reports that only 16.6% of employed persons teleworked or worked at home because of the coronavirus in May 2021, down from 18.3% in April. Moreover, few CEOs of major companies are wholeheartedly embracing remote work: some, like Jamie Dimon of JPMorgan, are rejecting it altogether, and many, including Tim Cook of Apple, are offering some form of hybrid work instead.

This suggests that the title of Harvard Business School professor Tsedal Neeley’s new book, Remote Work Revolution, is something of an overstatement. Indeed, in the book’s introduction, Neeley reports that JPMorgan “is considering a permanently remote workforce”—which isn’t happening. But that doesn’t mean leaders shouldn’t read the book. It is, after all, more and more likely that leaders will be called upon to manage people who are working remotely some of the time. That is, if they aren’t already responsible for distributed teams, salespeople, and other employees whose work takes them on the road, or mixed teams of full-time employees and external contractors. And they will need to be prepared.

“For workers and leaders around the world,” explains Neeley, “untrained remote work isn’t a panacea. In fact, you may have experienced some or all of the many challenges that are inherent in virtual arrangements.” The challenges for leaders include keeping people connected when they aren’t in the same place, building trust and alignment without in-person contact, avoiding Zoom fatigue and other technological pitfalls, creating viable boundaries between work and private lives, and transferring highly coordinated work to distributed settings. Read the rest here.

Friday, May 14, 2021

All the Feels: Why It Pays to Notice Emotions in the Workplace

Insights by Stanford Business, May 13, 2012

by Theodore Kinni


iStock/shapecharge

Alisa Yu first became intrigued with emotional acknowledgment while interviewing nurses working in the Pediatric Intensive Care Unit at Lucile Packard Children’s Hospital at Stanford. The nurses told her that verbally acknowledging their young patients’ fears and stress created trust, which enabled them to do their jobs more effectively. “From then on, I began to see emotional acknowledgment everywhere,” recalls Yu, a PhD candidate in organizational behavior at Stanford Graduate School of Business.

This realization prompted Yu to team up with Justin Berg, an assistant professor of organizational behavior at Stanford GSB, and Julian Zlatev, an assistant professor of business administration at Harvard Business School, to conduct a series of studies exploring the effects of emotional acknowledgment in the workplace. Their findings, published in May in Organizational Behavior and Human Decision Processes, illuminate a straightforward yet powerful technique leaders can use to build trust with their employees.

Emotional acknowledgment is the simple act of noticing a nonverbal emotional cue — like a frown or grin — and mentioning it. This mention can be a question or a statement such as “You look upset,” or “You seem excited.”

The authors borrow from costly signaling theory, a concept proposed by evolutionary biologist Amotz Zahavi in the 1970s, to suggest that this small act can have a powerful effect because it is read as a sign of genuine intentions. As an example, Zahavi argued that when peacocks fan out their tails to attract mates, it is an “honest signal” of their reproductive fitness. That’s because the colorful display also attracts predators, a potentially fatal risk for weaker peacocks.

Similarly, Yu and her coauthors argue that in a work environment, a supervisor who shows concern for others’ emotional state is signaling a willingness to get involved in a potentially messy situation. “A leader could very easily see someone in distress and choose to ignore it,” Yu says. “But only a leader who truly is benevolent and cares about employees would risk getting involved by voluntarily acknowledging the distressed employee. Thus, employees might take this as a signal that this leader is someone who can be trusted with their well-being.” Read the rest here.

Thursday, May 6, 2021

Retirement in America

Learned a lot lending an editorial hand here

PwC, May 6, 2021


A range of factors have put intensifying pressures on the US retirement system in recent years, leaving the industry facing a decelerating revenue growth outlook. A number of these challenges, such as fee pressure, underfunded retirement plans and an aging population, are structural and unlikely to ease. 

Many retirement players have been unable to outrun even one of these factors: fee pressure. Rising industry-wide fee pressure is placing constraints on the profitability of US retirement firms, with average 401(k) expense ratios falling by a third over the last ten years. The fee pressure phenomenon is not limited to asset managers: According to PwC analysis, recordkeeping fees are also on a downward trajectory, declining by 8% between 2015 and 2019 alone.

While these pressures have forced some retirement firms to consolidate or exit, there’s an opportunity hiding in plain sight. Firms that focus on the evolving needs of participants by addressing individual challenges with new benefit offerings and holistic advice can increase participation. Access to retirement programs can also improve through lower cost turnkey programs specifically designed for small business, which, in total, we estimate can unlock an additional $5 trillion in retirement assets.

The call to action is now. There are too many signs suggesting the population is unprepared. A quarter of US adults have no retirement savings and only 36% feel their retirement planning is on track. Even for those who are saving, many will likely come up short. We estimate the median retirement savings account of $120,000 for those approaching retirement (age cohort 55 to 64) will likely provide less than $1,000 per month over a 15-year retirement span. That’s hardly enough, even without factoring in rising life expectancies and increasing healthcare costs. Read the rest here.

Friday, March 12, 2021

The Positive Side of Negative Emotions

Insights by Stanford Business, March 12, 2021

by Theodore Kinni


iStock/Deagreez

The benefits of “cognitive reappraisal” — the widely used self-help strategy of reframing distressing situations to move past the negative emotions they engender — are well established.

Studies have shown that when employees use reappraisal techniques, they are more satisfied with their jobs and are less susceptible to stress and burnout. The research also links reappraisal to higher employee performance.

Given these findings, it’s not surprising that many companies are teaching and encouraging employees to embrace the strategy. Google’s “Search Inside Yourself” training program is a notable example. The program, which includes reappraisal among other practical techniques for mindfulness, self-awareness, and self-management, was created by Chade-Meng Tan, one of the company’s engineers, in 2007. Demand for the program prompted Tan and others to found a nonprofit that went on to teach the techniques to employees in companies ranging from American Express to Volkswagen.

But what if the outcomes of cognitive reappraisal aren’t entirely beneficial? One team of researchers — Matthew Feinberg and Brett Ford at the University of Toronto, along with Francis J. Flynn at Stanford Graduate School of Business — suspected that might be the case.

“Cognitive reappraisal lessens negative emotions by reframing situations in positive terms, but negative emotions serve important social functions,” explains Feinberg, formerly a postdoctoral fellow at Stanford GSB and Stanford Medicine’s Center for Compassion and Altruism Research and Education. “They help ensure that individuals behave in socially acceptable ways and encourage adherence to group norms.” Read the rest here.

Thursday, January 14, 2021

Strategic Incentives: Cash Performance Awards for the Digital Economy

Learned a lot about how private companies can best use long-term cash incentive plans lending an editorial hand here: https://lnkd.in/e9Mpyjk



Thursday, November 19, 2020

The New Elements of Digital Transformation

Learned a lot lending an editorial hand here:

MIT Sloan Management Review, November 19, 2020

by Didier Bonnet and George Westerman




Image courtesy of Michael Glenwood Gibbs/theispot.com

Since 2014, when our article “The Nine Elements of Digital Transformation” appeared in these pages, executive awareness of the powerful and ever-evolving ways in which digital technology can create competitive advantage has become pervasive. But acting on that awareness remains a challenging prospect.

It requires that companies become what we call digital masters. Digital masters cultivate two capabilities: digital capability, which enables them to use innovative technologies to improve elements of the business, and leadership capability, which enables them to envision and drive organizational change in systematic and profitable ways. Together, these two capabilities allow a company to transform digital technology into business advantage.

Digital mastery is more important than ever because the risks of falling behind are increasing. In 10 years of research, we have seen digital transformation grow increasingly complex, with a new wave of technological and competitive possibilities arriving before many companies mastered the first. When we began our research, most large traditional enterprises were using digital technologies to incrementally improve parts of their businesses. Since then, this first phase of activity has given way to a new one. Advances in a host of technologies, such as the internet of things, artificial intelligence, virtual and augmented reality, and 5G, have opened new avenues for value creation. More important, leaders now recognize the need for — and the possibility of — truly transforming the fundamentals of how they do business. They understand that they have to move from disconnected technology experiments to a more systematic approach to strategy and execution.

Some companies have successfully graduated from the first phase of digital transformation and are diving into the second. But many are still floundering: In 2018, when we surveyed 1,300 executives in more than 750 global organizations, only 38% of them told us that their companies had the digital capability needed to become digital masters, and only 35% said they had the leadership capability to do so. This has become more worrisome than ever: As COVID-19 accelerates the shift to digital activity, digital masters are widening the gap between their capabilities and those of their competitors.

These conditions prompted us to reexamine the elements of digital transformation that we proposed in 2014. While strong leadership capability is even more essential than ever, its core elements — vision, engagement, and governance — are not fundamentally changed, though they are informed by recent innovations. The elements of digital capability, on the other hand, have been more profoundly altered by the rapid technological advances of recent years. Read the rest here.

Wednesday, November 18, 2020

When Employees Speak Up, Companies Win

Learned a lot lending an editorial hand here:

MIT Sloan Management Review, November 17, 2020

by Ethan Burris, Elizabeth McCune, and Dawn Klinghoffer





Business headlines suggest that employees are speaking up more than ever. Activist employees are calling out their companies over where and with whom they do business, burned-out employees are asking for more and more unique work-life accommodations, and concerned employees are raising questions about hiring practices and promotion decisions in light of institutional biases. Often, these instances of speaking up — called employee voice behaviors — result in an embarrassingly public airing of organizational issues.

Yet our research reveals that the headlines are not an accurate reflection of the current state of employee voice. We asked 6,000 employees of a Microsoft business unit to tell us how often they spoke up to their managers. In addition, we asked how many of 15 topics they spoke up about, such as their immediate job assignments, the culture of their teams, how employees are treated across the organization, the strategy of the company, and the work-life balance alternatives available to them. We found that relatively few employees consistently share their thoughts and opinions about a multitude of work issues with their managers: Just 13.6% of the surveyed employees said that they speak up on more than 10 of the topics. Slightly more are silent: In fact, 17.5% said they do not speak up at all. The largest group of employees — 47.1% — said they speak up on five or fewer topics, typically on issues related to their jobs.

If we assume that these findings reflect similar tendencies in other organizations, leaders should be concerned, because employee voice is not a voice of complaint or protest per se. It encompasses the willingness of employees to speak up about opportunities for improvement. These efforts are not a prescribed part of employees’ jobs; they are a voluntary communication of constructive ideas to leaders that enable learning and effective change in work groups of all sizes, from teams to entire organizations. Yet these efforts to tell the truth can involve confronting leaders, who can feel challenged or even threatened, especially when the proposed changes involve things that leaders have helped create or for which they are responsible.

More and more, companies are seeking to expand efforts to listen to their employees by inviting them to share their opinions and ideas in areas that are outside of their day-to-day tasks. For instance, in 2014, in the aftermath of a recall of 6 million vehicles for an ignition flaw linked to at least 13 deaths, General Motors launched its Speak Up for Safety program, which asked employees across the company to speak up about anything that might impact customer safety. The growing use of innovation platforms and ecosystems is another example. In addition, during the global COVID-19 pandemic, we’ve seen companies frequently survey employees on topics such as physical and mental health and their working conditions.

The effectiveness of all these efforts depends on employees’ willingness to use their voices. In this study, we sought to examine the benefits of a more expansive employee voice, the factors that determine voice behaviors, and the ways in which companies can encourage those behaviors. Read the rest here.