Expressions like ‘It’s not personal, it’s just business’ and ‘Everything is negotiable’ illustrate the American view that negotiation is a standard, unemotional aspect of doing business. The term ‘wheeling and dealing’ further reinforces the notion that successful individuals are those who can negotiate skillfully and assertively.
What’s said is said.
Was gesagt ist, ist gesagt. What’s said is said. This statement emphasizes that you have to stand by your words. Once statements have been made, they are considered binding, and backtracking makes you appear unreliable and weak.
What Are Organizational Silos?
For a business to be successful, it’s important for employees to share ideas and work well together. Organizational silos can affect how employees interact with one another. As a manager, understanding the pros and cons of organizational silos can enable you to communicate effectively with every member of your team. In this article, we discuss the definition of organizational silos and how you can dismantle them.
Who Benefits When Salary Info Is Public?
This month, laws went into effect in California and Washington State that required companies to post salary ranges on job listings. Like similar rules in New York City and Colorado, lawmakers passed them on the premise that pay transparency helped reduce wage gaps.
There’s little debate among researchers that this is the case. “It is totally 100 percent true across all the studies I’ve seen, with very few exceptions,” Zoe Cullen, an economist at Harvard Business School, said. Pay transparency laws are “very good” at reducing wage disparities, she added.
But that’s not the end of the story. As companies embrace pay transparency — either because the law forces them to, or because their employees are becoming more comfortable disclosing their salaries anyway — both employers and workers have noticed ripple effects. It’s changing how bosses set salaries. And it has the potential to make life a little less lucrative for star performers.
Why I left my tech job
Tech jobs are known to have some of the most lavish benefits and perks, not to mention some of the highest salaries in the country. Still, that is not enough to keep some millennials from quitting. CNBC Make It spoke to several people who left their lucrative tech jobs to find out why they did it and what they are doing now.
YouTube comments:
“I am 50 years old working in the high tech industry, mentally tired and sick of the weekly 8 to 5 routine. Never got a proper day off even through the pandemic. Hats off to the millenials and GenZ that think differently and put more weight on LIVING rather than just WORKING.”
“As someone who used to work 80 hours a week, quitting my job to become a freelancer was the best thing I have ever done. Sure I still work a lot of hours and often close to 70-80 hrs a week, I feel like I am doing this for myself and not some corporation.”
“I worked a low paying tech job for six years and still felt the burn out. The problem is that tech is very fast paced and competition focused. You can barely keep up. Though I got promoted regularly, my higher ups told me the truth before they left, they said that I was severely underpaid based on my skills (essentially I branded myself a one stop shop for the marketing department as I am both technically knowledgeable, people oriented and strategic). I maxed out at $50K. So I decided to jump ship with little planned. Now I run a financial agency with my husband and we make $250K a year as entrepreneurs and we have the freedom to set our own lifestyle.”
“We don’t want perks. We want more money and we want autonomy. It’s simple.”
Why are Americans choosing to quit their jobs in record numbers?
The United States is seeing its highest “quit rate” since the government started keeping track two decades ago. Bill Whitaker speaks with employers who are scrambling to find help and people who left their jobs and aren’t looking back.
YouTube comments:
“I’ve worked in the food industry since I was 16, I am 30 now. I’ve never been offered a management position or any other kind of supervisory role so I opened my own restaurant in 2020. I got tired of being overlooked so I took my fellow co-workers and gave them a job at my restaurant with great pay, great benefits and I really did for them what my former jobs refused to do which is giving them “respect”. So far I’ve had not one employee leave my business.”
“Bad environment, low pay, employers are demanding more and paying less. I quit my job because I was expected to do the job of 3 people and constantly reprimanded for not being able to keep up. I’m sure I’m not the only one who has gone through this. A lot of businesses, corporations treat their employees like dirt, unimportant. They are way too many managers out there that have absolutely no people skills and are high on a power trip.”
“I’ve worked since I was 13. I walked the day I turned 55. It was always the plan. Nobody ever gave me a dime. I kept telling everyone at work I was going to leave. No one believed me. I left everything at my desk. Got up and left. I’m now 62. Just started S.S. All those years I worked my way up the ladder. When I got there I realized there was just more work. Get out early if you can.”
“Also let’s take some social responsbility for ourselves- it’s not JUST the companies that make jobs miserable. I talk to people in the service and retail industries and I personally spent years in IT. On the customer end, people are often entitled, impatient, and rude. It’s far worse that what I remember it 20 years ago. Don’t make your own workplace or that of someone else, needlessly toxic. Your Amazon package being a day late or waiting in line a little longer at the supermarket are not the end of the world. You will survive, I promise.”
What’s behind employee knowledge hoarding
I’ve observed a growing problem in today’s workplace where employees hide, hoard or simply don’t provide information to others in their organization. It’s disruptive and contributes substantially to the lack of productivity. Although employers have tried multiple solutions to the problem — meetings, team building, knowledge management systems — the issue remains largely unresolved.
Human beings are a complicated bunch, and, as it turns out, there are multiple reasons that can cause this breakdown in the flow of information from person to person, level to level or team to team. The fix depends largely on determining which specific issues are driving the behavior in each particular instance.
What Is Knowledge Hoarding and How Can You Overcome It?
Knowledge hoarding is an indirect business killer, and there are often signs of knowledge hoarding in the workplace if you know what to look for. The good news is that once you recognize the signs, you can start addressing them.
We’re going to take a deeper dive into the definition of knowledge hoarding, why employees may keep knowledge to themselves, and what you can do to promote a culture of knowledge sharing within your organization.
What is Talent Hoarding and How Does it Hurt Your Company?
When your star employees begin to realize that the only way to upward mobility is out, this can cause some serious retention issues for your organization. According to a report by Gallup, 51% of employed adults in the United States say they are currently also searching for new jobs or watching for new job opportunities. This means that half of the employees at your organization are at risk of turnover. But what is the cause of employees leaving your company?
One of the top reasons for leaving given by employees is that they are frustrated with their career progress. Above all other considerations, millennials rank opportunities to grow in a job as the most crucial factor. 69% of non-millenials say that this is also important to them when looking for a new job.
This means that employees tend to leave organizations when they are not able to see a developmental path forward, and instead choose companies that do show them a clear path forward. So why can’t your employees see a future with you? The problem might lie with talent hoarding.
Why Data Is The Lifeblood Of Modern Organizations
Intelligent organizations, these are organizations where the flow of data is harnessed to achieve core business objectives, such as improving customer experience, developing better products and services, and driving efficiency in internal operations.
This involves developing a level of data maturity. This means understanding what data is available to an organization, what can be done with it, and what tools and technologies are needed to put it to use.
But perhaps most vitally, it involves building a culture of data literacy throughout the entirety of an organization. From the boardroom to the shop floor, every individual and area of operation should be aware of the value of data, its power to drive innovation and efficiency, and best practices when it comes to collecting, storing, and using it.