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The Road to Sustainability in Business

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Are you a firm believer that sustainability is important for the company, but that it’s always someone else’s task to handle it? Unsurprisingly, you are not alone. Although most organisations talk about carrying sustainability programmes —integrating environmental and societal affairs into their business culture — very few companies actually walk the walk. Coming as no surprise to anyone, carbon emissions emitted by the world’s largest corporations are increasing, and only 1/3 of the 600 largest companies in the United States have some kind of systematic sustainability oversight at an executive level.

Companies that are actually interested in winning the sustainability battle have already created opportunities for their stakeholders in order for them to own sustainability. These organisations have decided that sustainability is not someone else’s problem. There are a few ways in which a company can stop with the rhetoric and actually take ownership of sustainability.

For example, there is psychological ownership and it refers to feelings of attachment and connection that we develop towards an appealing matter such as a person, company, or even an idea. Recent research has revealed that feelings of organisational ownership can lead to greater levels of job satisfaction, engagement, profits and productivity. This causes ownership to be an impressive approach for those who wish to galvanise a company around sustainability. Daily confrontations with the already inevitable climate change and other serious issues that may cause us harm, the majority of us have an unquenchable thirst to do something about it but we do not know how.

In terms of attracting and retaining top talent, organisations may offer good pay and benefits, but they could not stop there. They can also offer an interesting perk such as working towards a higher objective. Employees nowadays are looking to feel good about their work and wish to make a larger contribution to the world. They believe that by being part of something meaningful is really rewarding. Through sustainability, they get the chance to feel better regarding their job within the organisation.

Their feeling of happiness represents a firm’s bottom line. Employees who are the most committed to their jobs put in 57% more effort on the job and are 87% less likely to resign this according to the study done by the Corporate Executive Board.

Sustainability can be intertwined into a corporate culture. Michelle Montakhab, the Vice President of People and Culture at Nutiva, has said that their company that has hired no less than 60 people in the last year. Montakhab has stated that people have mentioned the company’s social policies numerous times, one example being that 1% of their sales go to sustainable agriculture, as a reason they want to work there. New employees quickly learn how sustainability works at their California headquarters due to the simple fact that new hires end up with their lunch waste on their desk because they didn’t sort it properly.

Christopher Crummey, the worldwide director of sales at IBM, has said that companies that engage in social and environmental stewardship also benefit from higher employee engagement levels which are directly translated into cultural engagement. Innovation is directly involved in how organisations engage their employees.

In another example, the sustainability chief at the Old Mutual, a financial services company, has organised a meeting with over 40 future leaders and revealed to them that, through their loans and other services used, they were having a tremendous impact on their customers. Managers could see first-hand how through their daily activities, they were changing lives for the better. This insight offered to the managers, led their teams to believe they came into work to do more than just add numbers. It was a very effective way in which they realised their business was about more than making money, which is the type of information that allows companies to begin the conversation around ownership of sustainability.

And there are many ways in which to stimulate a sustainability ownership experience. In the case of Marks & Spencer’s company-wide “Make Your Mark” initiative, have paired employees with young people who were looking for a job and who required help to develop their skills and confidence. At the beginning of the campaign it was seen as just a small initiative, but it has become an integral part of Marks & Spencer’s culture, with an incredibly long list of employees waiting to become ‘buddies’ with young people. Furthermore, the company offers autonomy to local stores in order for them to come up with campaigns better suited for the communities’ needs, which in turn makes the shop floor employees take ownership of sustainability.

And research is backing up this idea. A LinkedIn and Altimeter combined study has revealed that when employees feel inspired and empowered, they were 20% more likely to remain at the company. Employee turnover still costs companies between 70% and 200% of an employee’s annual salary, according to numerous data calculations.

However, most employees apply a cost-benefit calculus (the aforementioned ‘what’s in it for me’) to decide how to act and please their superiors. Due to the fact that the business world is dominated by maximum profits, this calculation often influences employees to in a manner in which their organisations uphold. This leads to employees’ values coming in second place. A recent study of young employees has discovered that in many instances, employees get to the point in which they suspend their own values temporarily with the belief that a commendable result will justify the questionable means by which it was achieved. These types of employees were never offered a chance by the company to voice their ideas, values and to question the work they were asked to do.

It is of great importance for company executives and managers to lead by example in sustainability initiatives and programmes because research shows that stakeholders, including employees (which are a tremendously important aspect), are generally sceptical in regards to a company’s motivations for getting involved in sustainability initiatives. Some employees are or may be persuaded to put aside their scepticism and embrace such initiatives only when they are absolutely convinced that the organisation has sincere motives for making a difference. In layman terms, when it comes to sustainability, leaders’ actions are more valuable than words and play a quintessential role in signalling and passing on organisation values to employees.

There is a real value in providing companies with the tools to carry out regular organisational assessments and this is where Great People Inside comes to your aid. Our online platform offers the best solutions and tools for your company to thrive in every type of industry and any possible situation your organisation may find itself. In terms of lowering your employee turnover rates, we recommend our GR8 Full Spectrum assessment for hiring and 360° Survey for retention. Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It requires deep knowledge of your own organisation’s culture and a keen understanding of the candidate’s personality, strengths, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you find employees who can flourish and reach the highest performance required to constantly bring your company forward.

Request a free demo:

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Sources:

 

https://hbr.org/2018/02/how-to-make-sustainability-every-employees-responsibility

https://www.theguardian.com/sustainable-business/2014/oct/15/employee-engagement-millennials-social-responsibility-innovation-value-social-responsibility

https://ssir.org/articles/entry/engaging_employees_to_create_a_sustainable_business

CSR and Its Growing Importance

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It may come as no surprise that corporate social responsibility (CSR) has become a most for businesses all across the world. Organisations that are committed to CSR know that it leads to an enhanced reputation. It is of the utmost importance to establish a clear CSR strategy in order to assure the organisation’s competitiveness in the industry it’s doing business. This normally requires policies which integrate numerous aspects such as social, ethical, environmental, human rights or consumer concerns into daily business operations and the company’s core strategy.

Generally, companies are looking at achieving a positive impact on a community or society as a whole whilst also creating value for the business owners, its employees, shareholders and stakeholders.

In a study done by Kenexa High Performance Institute in London 2015, has found that organisations that had a genuine interest and commitment to CSR clearly surpass those that did not engage in such activities. Furthermore, the study has also revealed that CSR-orientated organisations had a higher level of employee engagement and also offered a better customer support service. At a corporate level, CSR brings a lot of positivity and optimism, even though at organisational level companies do not always accept their responsibilities for CSR, with plenty of businesses admitting adopting CSR purely as a marketing ploy.

At this moment in time, it is vital that we try and create a more sustainable form of capitalism if we are thinking about building a more inclusive, prosperous society and avoid the catastrophic climate changes that are getting closer and closer. The idea for CSR has been around for some time now, so how come it has become mainstream as of late?

The influence of Millennials on CSR policies

It is obvious to everyone that millennials are a growing force in the workplace. Young adults nowadays focus on a company’s impact on the environment and even urge these organisations to have a clear social mission.

Millennials are tech-savvy people, and they immediately research a company and are looking into its ethical and labour practices. Numerous millennials feel like it is their duty to make the world a better place to live in and they do not want, under no circumstances to be associated with companies which do not take responsibility for the world and the people in it.

Interestingly, in a recent Deloitte survey, it has been revealed that employee engagement is closely tied to the CSR reputation an organisation has. A whopping 70% of millennials interviewed have recognised that a company’s desire and commitment to CSR has influenced their choice to work for them. In just a couple of years, millennials will become the leading generational segment in the workforce, thus meaning that companies that wish to hire new workers will have and need to adopt CSR in order to keep the business going. Furthermore, millennials wish to actively partake in these social and environmental changes, not only consume products by companies who engage in CSR projects.

Huge companies have decided to engage in mammoth-sized CSR campaigns and that is great news. For example, Apple, which is a tremendously powerful company, can influence with its actions the whole industry. If an issue becomes a priority for Apple, it is clear that will make the ecosystem shift. At the same time, it is easier for big organisations to focus on CSR initiatives because they are less subject to quarterly pressures. It is easier to focus on long-term plans.

There is a definite need for big firms to commit to renewable energy and to lobby for the change in legislation that imposes harsher costs for fossil fuel buyers. There is also a need for big companies to commit to raise the minimum and to lobby for a change in minimum wage legislation. To say they’re not going to dump stuff in the river, or buy from those who do. The top 500 organisations’ revenues are worth nearly 37% of world GDP. Think about what would happen if we could convince 100 of them to go carbon-free and to take a less hostile view of their labour force?

An example of a better-pay practice is the behemoth Cola-Cola and its “5by20” programme. This initiative has been created to empower 5 million women entrepreneurs around the world by 2020. Recent research has indicated that empowering women can have a long-lasting effect and to name a few: increased revenues, more hired work, better-educated and healthier families – all of which lead to more prosperous and happy communities.

Whatever cause your organisation supports, be sure to be transparent and honest with your customers. Authenticity is the key to being successful at anything; otherwise, you will be labelled as deceitful and will lose the trust of your customers. Trust represents the most fragile relationship you could ever have. Once it’s gone, you’ll find it next to impossible to get it back.

In conclusion, corporate social responsibility is more than just a business trend or fad. Businesses that want to stay relevant to new generations and who want to help people in need around the world while increasing their own revenue and efficiency will benefit from embracing CSR.

Great People Inside provides easy-to-use tools and processes to attract, assess, match, select, onboard, manage, develop, benchmark and maintain workforces anywhere in the world.

Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It requires deep knowledge of your own organisation’s culture and a keen understanding of the candidate’s personality, strengths, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you find employees who can flourish and reach the highest performance required to constantly bring your company forward.

Request a free demo:

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Sources:

 

https://hbr.org/2018/02/more-and-more-ceos-are-taking-their-social-responsibility-seriously

https://www.financierworldwide.com/the-importance-of-corporate-social-responsibility/#.WoP3VtVubIV

https://onlinemasters.ohio.edu/why-corporate-social-responsibility-matters-in-todays-society/

https://www.entrepreneur.com/article/269665

 

How and Why Is Engagement Linked to Burnout

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Preventing burnout is a better solution than waiting to treat it after it becomes a problem. The personal and organisational costs of burnout can be extensive in terms of physical health, work performance and psychological well-being. As an organisation, taking steps to minimise the risk of burnout before it happens is a more rational strategy. Building engagement is probably the best approach to preventing burnout. People who are engaged in the workplace are far better at coping with the challenges they encounter, thus making them more likely to recover from stress. So thriving at building an engaged workforce, before any major problems arise, represents a fantastic prevention method.

Organisational intervention can and is more productive than individual intervention. Improvements should be made in job conditions that affect most or even all employees. Generally, these improvements should make changes in the way an organisation works, that it actually begins to change the organisational culture and climate altogether.  The importance of the burnout-engagement ‘continuum’ is that engagement represents the desired goal for any burnout case. Through this framework, people will start to consider the factors in the workplace which are most likely to enhance employees’ energy, resilience and drive. According to the survey done by Accountemps, it has been revealed that more than half of employees reported feeling stressed at work on a daily basis, and 6 out of 10 agreed that work-related pressure has increased in the last five years. Some concerned HR leaders have called this a workplace epidemic.

The Costs of Employee Burnout

First of all, it is important to understand what the true costs of burning out are. In a recent study done by Gallup, it has been estimated that employee burnout cost the nation of Germany somewhere around 9 billion euros in lost productivity every year, whilst in the United States, burnout costs have been reported to be around 190 billion dollars in healthcare expenditure, with an additional 120,000 stress-related deaths.  In fact, this burnout epidemic has become a nationwide problem in Japan, where they’ve even invented a new word: “karoshi,” aka death from overwork. The latest case was the death of a 31-year old woman who died of heart failure after doing a whopping 159 overtime hours in one month.

How to maintain high engagement without burning out in the process

Here are a few key differences that have been found between the optimally engaged and the engaged-exhausted employees.

Half of the optimally engaged employees reported having ‘high resources’, such as supervisor support, a rewards and recognition system and self-efficacy at work, but experience ‘low demands’ such as low workload, low cumbersome bureaucracy, and low to moderate demands on concentration and attention. The other side of the coin have displayed such experiences of high resources and low demands were rare (4%) among the engaged-exhausted employees, the majority of whom (64%) reported experiencing high demands and high resources.

This should provide managers with an idea as to where to start supporting employees in order to achieve optimal engagement levels. In order to promote and achieve engagement, it is quintessential to provide employees with the resources they need to do their job well, feel good about the work they put in and properly recover from work-related stress.

Many organisations, at the recommendation of their respective HR departments, offer wellness programmes in order to combat stress. While it is common knowledge that chronic stress is not good for employees, these company wellness initiatives are not the most appropriate way to respond to that stress. Studies suggest that while wellness programmes can be helpful, a much bigger concern is the work itself. HR should work alongside front-line managers in order to monitor the level of demands they’re placing on people. The higher the work demands, the higher employees’ need for support, acknowledgement and opportunities for recovery.

What about challenges and goals? Challenges, as we all know it, are motivating. However, we often forget that high challenges usually come at high cost. Challenging achievement situations not only cause anxiety and stress for most motivated individuals but also lead to exhaustion. The research on challenges and goals is mixed – for some people, chasing ambitious goals does lead to higher performance. For most people, however, challenges and goals lead them towards demotivation, take unplanned risks, or even quit.

Managers and HR leaders alike should try and help employees by toning down the demands they are placing on people. They should ensure that employee goals are realistic. Rebalancing the workloads of more skilled employees helps as well, who have been saddled with way too much work. Furthermore, it is recommended to increase the resources available to employees and this does not only refer to material resources such as time and money, but also intangible resources such as empathy, understanding and friendship in the workplace, whilst also letting employees blow off some steam from work when they’re not working.

The data is crystal clear: engagement is the key; it’s what all organisations should strive towards for both leaders and employees. But the target is smart engagement, the type that brings in productivity, enthusiasm and motivation, without any burnout.

There is a real value in providing companies with the tools to carry out regular organisational assessments and this is where Great People Inside comes to your aid. Our online platform offers the best solutions and tools for your company to thrive in every type of industry and any possible situation your organisation may find itself. In terms of lowering your employee turnover rates, we recommend our GR8 Full Spectrum assessment for hiring and 360° Survey for retention. Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It requires deep knowledge of your own organisation’s culture and a keen understanding of the candidate’s personality, strengths, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you find employees who can flourish and reach the highest performance required to constantly bring your company forward.

Request a free demo:

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Sources:

https://hbr.org/2018/02/1-in-5-highly-engaged-employees-is-at-risk-of-burnout

https://www.bamboohr.com/blog/examining-employee-burnout/

https://www.decision-wise.com/job-burnout-the-employee-engagement-killer/

 

Why Do People Hate Their Jobs

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Have any us taken the time to look around at the people boarding the subway or bus lately? You may notice that there are very few people who look at all excited about the day ahead. If you start a conversation with one of them, you may soon find out how much they hate their job, or their boss, or their long hours (some of them possibly unpaid).

Whilst growing up, people generally had some sort of idea regarding the career path they wanted to pursue. Even though over the years that idea may have changed, most people eventually figured out which industry they desired to work in. Given how life usually works, sometimes expectations aren’t met. This can lead to numerous employees disliking their jobs. ProOpinion has recently released the findings from a business research they have done in which it was revealed that roughly 31% of employees believe they aren’t paid enough, 21% do not have a proper work-life balance and 20% have stated that the unreasonable amount of workload represents the cause of their unhappiness. Others have also said that they have experienced professional relationship issues due to incompatibility with managers and/or co-workers and a lack of job advancement.

Naturally, it can be understood when unemployed job-seekers say: “If I had a job, I wouldn’t even dare to complain! I’d be grateful for the paycheck.” It is important not to take this the wrong way because those people mean it when they say it, but beware of people who say: “I wouldn’t complain at all, a job is a job!” They most likely have forgotten how harrowing it is to wake up every morning going to a job you hate. This stressful situation can take its toll on your health, both physically and emotionally.

There are managers out there that regularly complain about unmotivated employees. But who in their right mind would want to go to work unmotivated? Managers and employees alike must realise that motivation is a feature of the environment, not the people who work in it. Improvement is key.

The first step in improving your career, and an essential one at that, is to come to terms with the fact that you’re not happy with what you’re doing at the moment, and this realisation is not that easy to achieve. Our conscience usually tells us to stop complaining, get on with our work and to be grateful for what we have. However, we cannot force ourselves to be grateful, doesn’t matter how much we try. If people are under the impression they are in a toxic situation it may become harder for them to get out of bed, never mind doing a great job at work.

Social life is important as well
Even though having a job is a big part of our personal development, this doesn’t mean it has to be our sole purpose in life. People want jobs where they can be fulfilled both professionally and personally. When people forget about this, they tend to become dissatisfied with their current employment.

A healthy work-life balance differs from person to person, hence what is important to one person may not be as crucial to another. If you are spending too much time either at work or you continue to work from home can leave you tired, stressed out and may lead to sickness. Furthermore, it can also lead to more responsibility at work, which will only intensify the other effects.

Forbes magazine has discovered that employees want options through which they reduce the pressure that hovers over them. Some of the options available today are telecommuting and the possibility of flexible work hours which will allow employees to plan their schedules ahead in order to fit their specific needs, thus offering them the opportunity to reach the balance they desire. This does not mean that all this work has to be put in by the manager or company. Employees are responsible for their own actions and must learn to adjust their own habits by leaving the office on time and leaving job-related tasks at work. It’s pointless to think that you can achieve a good work-life balance if you don’t make time for yourself to relax and unwind.

Money isn’t everything, but it helps
When people really love what they’re doing, they may be willing to disregard a low salary if they will be working in a position they enjoy and if they will be surrounded by people who have similar interests. However, if that job starts to become a place they hate going to, frustration will start to build towards co-workers and manager, thus ending up creating a lot of tension around the workplace.

Furthermore, employees want to see their hard work is appreciated, and that may come in various forms such as benefits or even a pay raise. If they feel they are being neglected from getting a promotion, people might want to quit the organisation. However, there are other benefits that may compensate for not having a higher salary, but in the long run, they won’t be solving any problems. A pay raise shows the employee that you value his hard work and may also represent a sign of things to come (i.e. promotion). By simply repaying hard work and offer a clear path of advancement for deserving employees businesses will be able to keep their staff happy.

More responsibility shouldn’t result in more problems
Offering employees more responsibility at work makes workers feel valued and important. It also shows them that they are trustworthy and reliable. It may be a match made in heaven if this also comes with a new title and a higher pay. However, there is always the other side of the coin when employees show their willingness to work and excel in their role; they may find that they’ve taken too much responsibility on their shoulders. At the end of the day, workers may find themselves assigned to more projects than they have the physical time to finish it.

An overflow of work causes people to stress out and feel that they are letting the manager and company down by not completing all of his or her tasks. This is even more problematic when employees believe they are not being paid enough for the effort and sacrifice they put in. While it’s good and reassuring for managers to have employees they can count on, this doesn’t mean that those employees should receive all the work. It is admirable they are willing to help out, but it shouldn’t lead to health problems and general unhappiness lives. In order to keep their most valued employees happy within the company, managers need to learn how to delegate work evenly and not just to a selected few.

There are numerous reasons why people end up being unhappy at the workplace, but if we’re honest they are pretty much all connected. Incapable managers and employees always lead to a negative and toxic environment and a tremendously excessive workload. Extra responsibilities almost always cause workers to feel that they are being underpaid for the amount of work they’re putting in and it also interferes with their personal lives.

This is where Great People Inside comes to your aid. Our online platform offers the best solutions and tools for your company to thrive in every type of industry and any possible situation your organisation may find itself. In terms of lowering your employee turnover rates, we recommend our GR8 Full Spectrum assessment for hiring and 360° Survey for retention. Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It requires deep knowledge of your own organisation’s culture and a keen understanding of the candidate’s personality, strengths, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you find employees who can flourish and reach the highest performance required to constantly bring your company forward.

Request a free demo:

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Sources:

http://www.businessinsider.com/reasons-you-hate-your-job-2014-6

https://www.forbes.com/sites/lizryan/2016/11/29/the-top-ten-reasons-people-hate-their-jobs/#2352a8b81ed9

https://www.proopinion.com/en/blog/7-reasons-why-people-absolutely-hate-their-jobs

 

Sleep Deprivation and How it Affects Performance

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Right after managers and employees have their first interaction, the process of forging their working relationship begins, which is a crucial factor in how they both are going to experience work, how much trust there will be between one another, and how effectively they can carry out assignments.  A new and possibly forgotten predictor in the quality of these work relations is sleep. Sleep deprivation for either the manager or employee or both could make them experience an increase in negative emotions at the workplace. Usually, these emotions are represented by hostility. Everyone reading this can remember at least one time when fewer hours of sleep translated into a short temper at the office. This is a common experience for almost everyone in the workforce and, most of the times, it is directly linked to sleep deprivation due to the fact that fewer hours of sleep impairs the part of the brain that regulates emotions.

Hostility can be dangerous for a new professional relationship. Hostility leads to the feeling of threat and can easily deteriorate the psychological safety of people in every possible context. If managers happen to yell at an employee once, it may not be an issue, nevertheless, if this a common practice in the office, employees may feel that their manager is lacking respect and empathy, hence leading to a weak work relationship.

Unfortunately, today’s business world promotes sleep deprivation as the highest ranking achievement possible. If you’re always busy and cannot be bothered to sleep then you’re definitely on the way to the top. The problem here is that science says the exact opposite, so who do we believe? It may sound tempting to trade away some hours of sleep in order to finish a few tasks, but by doing you may sabotage your own success and health. Perhaps it is time to get some sleep, or else you may face numerous risks.

At Harvard Medical School the Division of Sleep Medicine revealed the fact that short-term productivity gains from skipping sleep are quickly downplayed by the detrimental effects of sleep deprivation on a person’s mood, his or her ability to focus and access to higher-level brain functions. Interestingly enough, the negative effects of sleep deprivation are so considerable that even people who drink manage to outperform those without sleep.

Why We Need Acceptable Hours of Sleep

We all know that sleep is good for our brain and new found evidence from the research done by the University of Rochester has provided us with clear evidence on why your brain cells need you to rest. The study states that when people sleep the brain removes the toxic proteins from its neurons (by-products of neural activity while we’re awake). Unfortunately for us, the brain can only do while we’re asleep. Consequently, the toxic proteins remain in the brain cells, impairing our ability to think and no amount of coffee can solve that. These toxins slow our ability to process information and problem solving; it can also kill our creativity whilst catapulting our stress levels and emotional reactivity through the roof.

What Sleep Deprivation Does to Our Health

Sleep deprivation has been heavily linked to numerous serious health problems such as heart attacks, strokes, type 2 diabetes, and even obesity. The lack of sleep stresses us out because our body overproduces the stress hormone when its sleep deprived, also known as cortisol. Excess in cortisol levels has a host of negative effects that come from the damage it inflicts on our immune system. High cortisol in our body results in looking older, due to the fact that cortisol destroys skin collagen, the protein that keeps skin smooth and elastic.

Sleep deprivation also compromises our body’s ability to metabolise carbohydrates and control our food intake. Sleeping less and less results into eating more and more and also increasing the difficulty in burning the calories we consume. Due to the lack of sleep, our bodies get hungrier much faster and that is done through the appetite-stimulating hormone ghrelin and it also makes it harder for us to get full because it reduces levels of the satiety-inducing hormone leptin. There is a 30% increase in the likelihood of becoming obese for people who sleep less than 6 hours a night rather than those who sleep between 7 to 9 hours a night.

Besides the fact that it may harm professional relationships, sleep deprivation can also deplete us of the very traits that make us good at our jobs. For example, workplace leaders are known for their charisma and which translates into making employees want to work for and with them. Sleep deprivation saps all of the outstanding personality traits and all we are left with is a robotic, difficult person in its place.

Sleep is a critical part of our wellbeing and without it, we get emotional, stressed-out, forgetful, disorganised people at work. We are more likely to feel helpless and be unable to perform even the most menial of tasks or change perspective when our plans go awry. It’s time we stop encouraging sleep deprivation at the workplace. It’s not doing our career or our bodies any favours.

We have an impressive assessment library with hundreds of dimensions that can be leveraged in creating a custom skills-based assessment that supports your organisation’s specific competencies and unique vision. Please contact us if you need to measure the engagement level in your company.

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Sources:

https://hbr.org/2017/08/research-sleep-deprivation-can-make-it-harder-to-stay-calm-at-work

https://medium.com/the-mission/sleep-deprivation-is-killing-you-and-your-career-fd33e16ccf7f

https://www.thriveglobal.com/stories/16762-drunk-on-the-job-if-you-re-sleep-deprived-you-might-as-well-be

 

2018 Technology Trends: The Reshaping of the Business World

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We are at an interesting crossroad nowadays in regards to technology. All of the technological advancements we see around us on a daily basis have brought numerous changes to our way of life. The year 2018 will see an even greater focus on these types of advancements such as self-driving cars, drone deliveries and the rapidly evolving artificial intelligence (AI) programmes. Contrary to popular belief, you don’t have to be a software engineer or computer scientist to become a leader in the digital revolution. What is even more vital is the ability to match technological solutions with existing business problems in innovative ways.

Given that people nowadays are using mobile apps, connected devices, wearables, social media and the list could go on and on – the level of engagement with brands is unprecedented by using a vast array of digital technologies. Given this increased level of engagement, a business’ success hinges more often than not on the organisation’s ability to create an enjoyable experience for their customers. It is also true that recent research unearthed a strong correlation between superior customer experiences and revenue growth.

The technical director for Google Cloud, Jamie Erbes, has said that: “Consumer expectations are at an all-time high, and the bar will keep rising through 2020,” and “People want products and services that offer a high level of personalisation and adapt to their lifestyle. When that doesn’t happen, they quickly move on.” Many organisations have already started to build a strong foundation for a better 2020 digital experience. So what exactly is going to change?

  1. Data is all around us and it keeps growing

We as people are ‘producing’ a fantastic amount of data as we go on with our lives. From Facebook, Twitter and Instagram to the digital footprint we create through the use of Netflix or Fitbit or even our connected systems at work. In case you were wondering, every second, 900,000 go on Facebook, 452,000 people post on Twitter, and 3.5 million people search for something on Google.

Given this fantastic rate of data creation means that every two years the amount of data is doubling. This is also known as Big Data. This massive explosion of data has made many other trends possible, and by learning how to tap into the insights will increase everyone’s prospects in just about any industry.

  1. Artificial Intelligence (AI)

The field of artificial intelligence or cognitive computing revolves around machines or computers that are capable of reproducing or mimicking ‘thinking’ in a similar way people do – especially when it comes down to learning. Being a computer certainly has its advantages meaning that if you teach them how to learn they will do so incredibly fast and, as an added bonus, with a greater degree of accuracy than any human being would be capable of. The indisputable result is that they will become more knowledgeable and capable and able of finding solutions to problems.

It has been predicted that by 2020 half of online searches will be done by voice with 30%(!) of them being made by using devices with no screen whatsoever. For example, this year, BMW will launch cars with Alexa pre-installed, just as Ford has done. Businesses will increasingly use AI assistants in order to manage daily schedules and offer us information when we need it. Going even further, some people are talking about the opportunity to drive sales through the use of chatbots and ‘natural’ language-capable marketing tools.

The days in which we were adding a customer’s name to marketing emails are behind us. The more customers feel treated like actual people, rather than just numbers with money, the more connected they feel to the companies that serve them.

  1. Blockchain

Blockchain represents the distributed, encrypted and ledger behind the now famous cryptocurrency Bitcoin. However, it has uses far beyond making people interested in cryptocurrencies filthy rich. Experts have been saying that it represents a giant leap forward towards information storage and security. Simply put, a blockchain is a digital file in which blocks of information are connected to one another (or ‘chained’ together) and is secured through private key cryptography, making sure that only those with the right permit may edit only the sections of data they are entitled to. In other words, anyone capable of ‘installing’ blockchain technology to current business problems is very likely to find this particular skill in very high demand.

As people become more involved and vigilant about social responsibility and online security, blockchain will become tremendously important. For the organisations that actually have a nice story to tell, it will definitely be a valuable way through which transparency can be created and also building a brand in a way it was never thought possible before.

  1. Public Cloud

As mentioned earlier, the amount of data we create is doubling every two years. According to a recent study done by International Data Corporation, between the years 2016 and 2020, the worldwide spending on public cloud services will more than double, reaching a figure of $195 billion.

It will be a difficult and tedious task to move companies towards the adoption of public cloud services, but in order to advance IT departments and leaders will have to spearhead this necessary move.

After a couple of years in the training phase, IT employees should be ready to work side-by-side with their marketing colleagues in order to implement technologies such as AI, blockchain, and public cloud into the real world. Whether companies are ready for it or not, the technological advancements are going to be put into action. To keep moving forward, these are the top trends that organisations worldwide cannot ignore in the coming years, whether they understand them or not and they will have to be implemented so that they won’t be left behind.

We have an impressive assessment library with hundreds of dimensions that can be leveraged in creating a custom skills-based assessment that supports your organisation’s specific competencies and unique vision. Please contact us if you need to measure the engagement level in your company.

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Sources:

https://www.forbes.com/sites/bernardmarr/2018/01/15/5-technology-trends-that-will-make-or-break-many-careers-in-2018/#71d22ce63a86

https://www.forbes.com/sites/danielnewman/2017/12/27/top-5-tech-trends-that-cmos-cannot-ignore-in-2018/#7405b7503552

https://cloud.withgoogle.com/build/leadership/technology-trends-cios-need-2018/

 

Climate Change: What Can Entrepreneurs Do?

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Nearly a decade ago, saving the climate from destruction did not feature as a top priority for businesses. The scenario has however reversed. Today’s climate problem is so far beyond our human experience that it demands a complete overhaul of engagement from senior executives from the private sector. The threats that climate change poses to businesses and capitalism altogether are increasingly hard to spot, let alone act on.

While today’s entrepreneurs are competing against the old way of doing it is recommended to encourage a mindset shift, from linear to exponential. If we maintain our current linear thinking, we’re most likely going to create incremental fixes, while exponential thinking will get us to the network solutions required.

For small entrepreneurs around the world what are the key discussion points that must occur in the matter of climate change? In the next paragraphs, we will present a few tools that can help you better understand and find solutions to the world’s most pressing problem and how energy consumption in the developing countries has the power and ability to augment economies and lead people out of poverty.

1. Exponential thinking and embracing abundance

Try and plan for scenarios that may happen on the exponential curve. The framework of abundance thinking affirms the idea of a world where technology can solve most of the world’s problems and also reveal latent entrepreneurial possibilities. Strive to bring extremely diverse groups together in order to catalyse these new ideas.

2. Use the power of new advancing technologies

Technologies accelerating on an exponential curve are the tools that have the largest potential for a  scalable impact; the ‘Internet of Things’ and ‘Springwise’  are rich with innovation opportunities. For example, ‘Quantified Planet’, a non-profit organisation, is in the process of creating an open source community and data platform in order to collect environmental data to make smarter local decisions with global impact.

3. Try, fail, repeat

There is a growing need for an ecosystem of exchanging ideas and experimenting that supports and encourages many new initiatives and failures. This repetitive process is also known as rapid prototyping is how entrepreneurs usually test and rapidly boost towards better solutions. Silicon Valley’s success lies largely in the understanding that in order to find solutions faster, you need to fail as quickly as possible. With climate change, there is no time to put our eggs in just one basket. We need to place as many bets as possible with a low opportunity cost, so they can fail quickly without dire consequences.

4. Keep a lookout for supporting technologies

Some of the best opportunities in innovation are represented by supporting technologies that are driving tremendous growth towards renewable energy. For example, there are technologies supporting the performance of photovoltaics (PVs) such as ‘Otherlab’s’ project, Sunfolding, has created a new solar tracking technology by applying high-volume manufacturing techniques to solar. By addressing the high cost of the control components, Sunfolding has reduced the price of photovoltaic systems and increased capacity, which will definitely help the technology become more widely distributed.

Great People Inside provides easy-to-use tools and processes to attract, assess, match, select, onboard, manage, develop, benchmark and maintain workforces anywhere in the world.

Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It requires deep knowledge of your own organisation’s culture and a keen understanding of the candidate’s personality, strengths, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you find employees who can flourish and reach the highest performance required to constantly bring your company forward.

Request a free demo:

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Sources:

 

https://hbr.org/2018/01/climate-change-is-an-overwhelming-problem-here-are-4-things-executives-can-do-today

http://www.sustainablebrands.com/news_and_views/ict_big_data/rob_nail/5_ways_entrepreneurs_are_helping_solve_climate_change

https://www.entrepreneur.com/article/299644

Employees and Cyber-Security:Thinking like Hackers

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This year, 2017, hasn’t been the best for companies all around the world when it comes to the matter of cyber-security. Given the fact that so many attacks have occurred, many organisations have started to shift their attention towards preparing their employees for a safer workplace environment through better cyber-security programmes. This will, of course, go beyond basic training exercises on protocols and changing passwords. These types of programmes have been rendered obsolete. In order to train your employees against organised hacker attacks, they will have to learn to think just like one.

At first, it is important to understand what a ‘hacker’ means and what he or she does. The first step is to erase everything you ever heard or read about hackers. The media does have a tendency to exaggerate the term and to point fingers towards cyber attackers even when it is not the case. The view on this matter should be broadened.

It has to be said that in the digital era, hackers represent model citizens. They are professional people who are very creative and resourceful. Curiosity is their main drive and due to this quality, they see opportunity in every problem. Furthermore, given the nature of their interest, hackers realise there are few limits to technology and usually display a bit of mistrust in operating systems and know that no piece of software is immune to bugs.

Understanding all of this about hackers is essential. Numerous organisations worldwide have already introduced their employees to the ‘hacker mindset’. Early results have shown a drastic change in perception and value regarding cyber-security, this automatically leads to a better security across all departments. And as an added bonus, curiosity and resourcefulness will become second nature to the employees. There are a few easy steps to which you can start teaching your staff to ‘think’ like hackers.

Sharing Information

When something major happens in your company’s industry, it is recommended to encourage your employees to share their findings with the others. This doesn’t mean that everyone has to prepare a full 5-page report, just a few ideas that are worth mentioning. The idea behind this is to create a workplace where sharing information and thoughts are second nature.

Hackers obviously know what valuable data they are looking for and how to find it, usually searching for something valuable enough they can sell or blackmail the organisation for a large sum of money. This is important to understand when protecting your most prized possessions.

When your employees learn to share and work together to such an extent, it will help build an actual community within the organisation. It will also help create a sense of purpose around the company. Employees will become more and more vigilant of what is happening and will be more alert in detecting and responding to cyber-threats.

 IT Competitions and Hackathons

Encourage employees and even offer them leave days in order to attend hackathons, even if they go to learn and observe. Events like these offer people the chance to disconnect from their day-to-day routine and think outside-the-box in order to solve various issues, which basically describes the process of hacking. The general idea of hackathons is to enable people to flex their brain muscles into thinking in new and creative ways in order to solve problems. Through these exercises, teams manage to avoid one-dimensional group thinking and tunnel vision. Due to the complexity of the exercises, it makes participants and viewers alike more curious of the things happening around them, which is at the heart of a proper cyber activity.

If you wish for your employees to have a more hands-on cyber-security experience, you could arrange for company-wide competitions and games that will enable employees to figure out how cybercrime happens and the means to minimise or stop it. You could also use this opportunity as a means of developing a plan of action which allows security teams to respond as soon as possible. You can plan ahead of time and approve the necessary actions the company must take when malicious activity is detected.

Interdepartmental Collaboration

Introduce the idea of interdepartmental collaboration in the company’s bylaws. This will enable people from all areas to communicate more and offer support when difficult challenges arise.

Even if your organisation has the best security team there is on the market, we all know that humans are bound to make mistakes, it is in our nature. When the same people are looking at the same lines of code all day every day, it’s only a matter of time before something important gets passed them. The most security-conscious companies tend to invite security experts from outside the firm in order to help identify any mishaps the security system may have.

Given the current and future climate of business it is quintessential we learn to think like hackers. If we manage to adopt a ‘hacker mindset’, you will not feel left behind by all the technological advancements. By embracing them and recognising their power and ability to make the world a better and safer place will not be good only for security but for the business industry as well.

Great People Inside provides easy-to-use tools and processes to attract, assess, match, select, onboard, manage, develop, benchmark and maintain workforces anywhere in the world.

Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It requires deep knowledge of your own organisation’s culture and a keen understanding of the candidate’s personality, strengths, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you find employees who can flourish and reach the highest performance required to constantly bring your company forward.

Request a free demo:

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Sources:

 

https://hbr.org/2017/12/train-your-employees-to-think-like-hackers

https://www.inc.com/brian-kelly/think-like-a-hacker.html

https://www.entrepreneur.com/article/232402

Work-Life Balance for Parents: Is it Achievable?

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Work-life balance has become an obsession for everyone nowadays. There are numerous articles, research papers and self-help books that are offering people advice on how to begin or develop a better balance between their personal and work lives. Unfortunately, the advice given in these reading materials are generally focused on the idea of making changes on individual levels, team expectations in relation to your job attributes or even organisational contexts that affect you only.

In a research paper published recently by Human Relations, they have discovered that our very own upbringing can have a powerful influence on our career and life decisions. Subconsciously, we learn and mirror our parents’ behaviour in terms of work-life balance. The research conducted by Human Relations had 148 in-depth interviews with around 80 parents working in London for law and accounting companies. An equal number of men and women were interviewed with ages ranging from 30 to 50 years old and with positions in middle or upper management roles. In the case of male participants in the study, the majority of them had a stay-at-home wife, but in the case of female participants, this wasn’t the case at all. It is also important to know that most of the participants were coming from middle-class families who were typically formed from a stay-at-home mother and a working father.

The principles and ideas they share are in a direct correlation with the deeply ingrained routines and ideas coming straight from their parents.

Replicating the Parental Model

The majority of male participants have been reported to have a work-life balance similar to the family they grew up in. Like their fathers before them, these men are the sole breadwinners in their household. This has made them internalise the work ethic and has ended with them working very long hours. As mentioned above this effect was stronger for men, due to the fact that both men and women in the study have designated the same-sex parent as their role-model.

Given the fact that these people have seen their parents working hard throughout their childhood and adolescence, their professional careers were inclined to follow in the same footsteps. Although they were able to rationalise and acknowledge the fact that their compulsive work ethic had negative effects on their personal lives it was very difficult for them to change their behaviour both on and off work. Even remotely trying to act divergently, this ‘pre-disposition’ continued to be seen in their actions.

Breaking Off the Parental Model

Worryingly enough, there are fewer cases in which participants have said that they have rejected their parents’ work-life balance. In most cases, this was an intentional act of breaking the ‘status-quo’, but there were a few cases in which participants wanted to distance themselves from their parents’ model even though they wanted to follow up in their footsteps.

Like every human being on this planet, some participants have started to question the influence their parents have had on them, after pondering on failures, regrets or traumatic experiences they might have picked up along their adult life (i.e. a close friend or relative getting sick). After such an experience, participants had a tendency to overhaul their entire schedule and refuse to no longer work weekends or even leaving their employer and finding themselves an environment with a more manageable schedule.

In the case of women, there were two groups that were identified as serious in their significance: women who wanted to be more close to their families because they had workaholic mothers and women who wanted to be more actively involved in the workforce due to their regret-filled stay-at-home mothers.

Parents who actually manage to achieve a rewarding work-life balance do not designate all their time and effort into making their children happy. Interestingly enough, these parents strive on raising children with a strong sense of responsibility who will eventually grow into respectable and responsible adults. These are the parents who ask their kids to help around the house by giving them chores. They establish a clear set of consequences if the kids do not follow through with their tasks. By enabling their children to value hard work and also, this being of quintessential importance, experience disappointment, their personal development will be more easily done.

Neglecting Themselves

Adults often forget about taking care of themselves. This statement is even truer when you’re a parent. It may very well be a cliché, but more often than not clichés are true so it is pretty clear that if you don’t take care of yourself, you won’t be able to help the closest people to you. Sometimes it may seem near impossible to have some well-deserved ‘me time’, especially if your schedule throughout the day has left you overtired or stretched to the very last drop of energy.

There are a few successful parents in the study that have discovered that taking care of themselves offers them the best chance at being efficient and productive over long periods of time. Relaxation and sleep may be essential, but exercise plays a decisive role nowadays. Physical activity not only improves overall health levels, but it is the key towards finding the right balance between work and family time.

Post-Work Guilt

Somewhat surprising, many parents wouldn’t want to be working full-time, but unfortunately, the current economic and social climate doesn’t offer the possibility of one to stay home or even work part-time. 44% of working mothers have reported they would be thrilled about the idea of working part-time. As mentioned above, this would not be financially feasible. Parents who succeed in today’s working environment have ridden themselves of guilt over the fact that they are working full-time. They feel there is no point in wasting time and energy over-thinking this problem. Coming up with the best plan for their scenario seems like the next best thing (i.e. working flexible hours, full-time job with kids somehow has to work).

Great People Inside provides easy-to-use tools and processes to attract, assess, match, select, onboard, manage, develop, benchmark and maintain workforces anywhere in the world.

Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It requires deep knowledge of your own organisation’s culture and a keen understanding of the candidate’s personality, strengths, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you find employees who can flourish and reach the highest performance required to constantly bring your company forward.

Request a free demo:

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Sources:

https://www.inc.com/amy-morin/the-5-things-successful-parents-give-up-to-reach-a-work-life-balance.html

https://www.forbes.com/sites/amymorin/2014/01/20/the-five-things-successful-working-parents-give-up-to-reach-a-work-life-balance/#59e263a157ea

https://hbr.org/2017/10/your-feelings-about-work-life-balance-are-shaped-by-what-you-saw-your-parents-do

Emotional Control during Difficult Conversations

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It’s hard not to get emotionally involved when you’re in a tense conversation. A disagreement can feel like a threat. You might be afraid of having to give up something — the idea that you’re right, your point of view, the way you’re used to doing something, or even power – and therefore your body hypes you up for a fight by triggering your sympathetic nervous system.  There is no need to feel guilty, this is the natural response, but the main problem is that our bodies and minds aren’t good at differentiating the threats presented by not getting your way on a job-related issue and being chased down by a wolf. Your heart and breathing start to spike, your muscles tighten, the blood flow from your organs decreases, and thus you’re likely to experience an uncomfortable all-around feeling.

All of these combined does not put in the right frame of mind of resolving a conflict. If your body goes into what Dan Goleman would call “amygdala hijack,” you may lose access to the prefrontal cortex, the all-important part of your brain responsible for rational thinking. Obviously, you need rational thinking when dealing with a difficult conversation. Due to the fact that you are losing the ability to think clearly, chances are your conversation counterpart notices these signs of stress — your face turning red or the pace of your speech speeding up — and as a result of mirror neurons that cause us to apprehend the emotions of another person, your colleague is likely to start feeling the same way. Consequently, the conversation inevitably derails and the conflict intensifies.

Every manager fears emotional outbursts. Whether we’re talking about tears or full-on rage, the full extent of emotions can leave both the manager and the employee feeling embarrassed and stressed. How can you manage to stay calm and at the same time get your point across? How do you prepare yourself? Can you somehow minimise the chances of an employee getting emotional? Learning to handle emotional conversations in a productive way is the mark of a true manager.

Luckily, there are ways in which you can interrupt this physical response and manage your emotions, for a more productive discussion. There are several things you can do to keep your cool during a conversation or to calm yourself down. It is essential you start off with a positive. Especially if you think the conversation is likely to be emotional, plan to start with a positive. This will set the tone for the entire conversation and can help the employee engage with what you’re saying later, even if it’s hard to digest.

Breathe

Through simple mindfulness techniques, you can manage tense situations and none is more straightforward than using your breath. If you start noticing you’re getting tense, try to focus on breathing pattern. Acknowledge the sensation of air coming in and out of your lungs. Feel how it passes through your nostrils or down the back of your throat. This will take your attention off the signs of panic. Some mindfulness experts suggest counting your breath.

Acknowledge and define your feelings

Another useful tactic comes from the renowned author of Emotional Agility, Susan David. When you start feeling emotional “the attention you give towards your thoughts and feelings may crowd your mind and judgement,” says Susan David. In order to distance yourself from that feeling, define it. “Call a thought a thought and an emotion an emotion,” says the author.  When you manage to distance yourself from these emotions, thus making it easier to let them go — but don’t bury them or let them explode later. Sometimes expressing your emotions is all that’s needed to make an employee feel like they’ve been heard. If tears are involved, empathy is the recommended course of action. If your employee is angry, acknowledge and understand their frustration, but if that anger becomes insulting, calmly make it clear that you will not tolerate violent language or threatening behaviour.

Take a break

This is an underused approach. The more time you give yourself to process your emotions, the less intense they will be. So when things start escalating, just excuse yourself for a moment — get some coffee or water, go to the bathroom, or take a brief stroll through the office. It is essential to give a neutral reason for why you want to pause the conversation — the last thing you want is for the other person to think that things are going so badly you just want to escape.

Keep in mind that you’re probably not the only one who’s upset or angry. Your counterpart may very well express anger or frustration. While you may want to give them the above advice, no one wants to be told they need to breathe more deeply or take a break. You both may require just a little bit of time alone to vent. Of course, that’s usually easier said than done. It’s difficult not to yell back when you’re being screamed at, but more screaming isn’t going to help. At the same time, don’t act aloof because it’s important to show the other person that you’re listening. If you manage not to feed your counterpart’s negative emotion with your own, it becomes more plausible for them to calm down.

Keep your impatience in check

Finally, the demon you will have to wrestle the most with is your own impatience for getting the result you want. You will need to be patient and let the situation unfold itself. When you think you know exactly what is wrong with the other person’s thinking, your best approach is to ask them questions that will enable them to see other possibilities, ones that are much closer to your point of view. Don’t slip and tell people what is wrong with their thinking, because their brains will shut down and you have to be patient with silence. Silence is a good indicator that what you said or asked made the person stop and think about their ideas and arguments. The best thing you can do is to be patient and allow the person’s brain to process the information.

Don’t take it personally. Watch out for your own defensive mechanism, especially if the employee has said something in the heat of the moment. Remember that frustration is usually the cause of such outbursts at the office. You’re not going to solve the underlying issues or maintain a positive relationship if you barrel through the conversation when you’re completely worked up.

We have an impressive assessment library with hundreds of dimensions that can be leveraged in creating a custom skills-based assessment that supports your organisation’s specific competencies and unique vision. Please contact us if you need to measure the engagement level in your company.

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Sources:

https://hbr.org/2017/12/how-to-control-your-emotions-during-a-difficult-conversation

https://www.linkedin.com/pulse/20141028170158-2763533-how-to-manage-your-emotions-in-difficult-conversations/

https://www.insperity.com/blog/10-tips-for-keeping-your-cool-during-emotional-conversations-with-employees/