The Fed is on its way to looking more like the country it represents. Struggling with a longstanding skew toward white and male PhD economists, the institution has begun a more concerted effort to hire women and people of color. Much of this shift in hiring practices has involved a rethinking of what valuable skills look like. Instead of … [Read more...]
Success and How to Get It
Do you want to know the secret to success? Richard St. John was asked this question once by a little girl, and he ran with it. Over the years, he interviewed 500 successful TED speakers — the crème de la crème of experts. And here’s the list they came up with: PASSION GOOD IDEAS PRACTICE FOCUS HARD WORK PERSISTENCE SERVICE The last … [Read more...]
Using Failure to Push You Forward
They say the light-bulb was Thomas Edison’s 1,001st experiment. The first 1,000 were duds. Whether or not this is literal fact or legend, it makes a good point we can all stand to be reminded of: It’s okay to fail. Or, as Denzel Washington said in his 2011 commencement speech at the University of Pennsylvania, “fall forward.” We've all … [Read more...]
8 steps to handling negative feedback
Can I give you a little feedback? Just curious how that phrase makes you feel. “Does your pulse spike just a little bit? The ability to take constructive criticism is essential to our professional success. If you can’t take it, you won’t evolve . So how do you get good at being criticized? The HR website Human Resources offers … [Read more...]
The Power of Vulnerability
“Connection is what gives purpose and meaning to our lives.” So says qualitative researcher Brené Brown. Perhaps you’ve seen her famous TED Talk “The power of vulnerability”? In it, Brown talks about human connection and its relationship to vulnerability and shame. Interesting, but what does it have to do with business? Tons, actually. … [Read more...]
Your Body Language Shapes Who You Are
Right now, what’s your body doing? Are you hunched over, curled up, scrunching your shoulders? Body language is a meaningful form of nonverbal communication. Mute a video, and you can still guess how someone feels by their hand gestures and facial expression. But would you be surprised to hear that your own body language can have a profound … [Read more...]
Do You Treat Your Employees with as much Courtesy as You Treat Your Clients?
You think you’re charismatic and confident. Your employees think you’re terrifying. Being a people pleaser doesn’t generally make for a good leader. But you can go way too far in the other direction — you’re pushing people out of their comfort zones to get a result, and meanwhile, they’re on Indeed looking for a way out. In fact, a 2018 study … [Read more...]
6 Reasons We Make Bad Decisions, and What to Do About Them
You’ve perhaps heard of the study that proved that a judge is more likely to approve prisoners up for parole earlier in the morning, than after he returns (sleepy) from lunch? Decision fatigue is a real thing, and it affects everyone — not just justices. Over the course of the day, our decision-making gets worse. And considering that another … [Read more...]
Why Employees Don’t Share Knowledge with Each Other
You want your employees and team mates to share what they know, right? Knowledge sharing can only strengthen the work you’re doing together. Unfortunately, knowledge sharing is much less common than you’d expect. In fact, two robust HRB studies of workers in Australia and China found that people really need to be motivated to share at … [Read more...]
How our Brains Decide When to Trust
Trust: It’s not just a warm, fuzzy word. It’s the hallmark of high-performing organizations. So it stands to reason that understanding how trust works would be important to company leaders. Turns out, there’s a biology to trust. According to Paul J. Zak, founding director of the Center for Neuroeconomics Studies, it has to do with … [Read more...]
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