Despite traditionalist executives pushing for a return to the office, fully remote work will win this fall as the threat of new contagious COVID variants looms large. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes why employees who want work to be fully remote will win this fall. Video: “Employees Wanting Work to Be Fully Remote Will Win This Fall” Podcast: “Employees Wanting Work to Be Fully Remote Will Win... Read more
JPMorgan CEO Jamie Dimon recently claimed that a return to office will help improve workforce diversity. And if he’s right, that’s an important argument for office-centric work. After all, extensive research shows that improving diversity boosts both decision-making and financial performance. Yet does office-centric work really improve workforce diversity? Meta Platforms – the owner of Facebook and Instagram – decided to offer permanent, fully-remote work options to its current employees and new job applicants as part of adapting to... Read more
Many recent headlines claim that an upcoming recession will mean the end of remote work. That’s because the recession will lead to a cooling labor market, giving executives more power to force employees to comply with their demands. And while surveys show that the large majority of employees prefer to spend most or all their time working remotely, most executives want employees to be in the office. Thus, according to these headlines, the recession will wipe out remote work.... Read more
Is work from home productivity higher or lower than in the office? As companies are figuring out how to succeed in the post-COVID world and determine their long-term work arrangements, the debate between hybrid, remote, and office-centric options will depend on productivity at home vs. in the office. If you enjoy video, here’s a videocast based on this blog: And if you like audio, here’s a podcast based on the blog: Or simply read onward!... Read more
Companies can effectively retain social capital in the hybrid and remote work environment by applying hybrid work best practices, such as the virtual watercooler and virtual coworking. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes Google’s myth of losing social capital in hybrid work. Video: “Google’s Myth of Losing Social Capital in Hybrid Work” Podcast: “Google’s Myth of Losing Social Capital in Hybrid Work” Links Mentioned in Videocast... Read more
Elon Musk recently demanded that all Tesla staff return to office full-time, according to an email sent to executive staff and leaked on social media. Musk said those who don’t want to come to office should “pretend to work somewhere else.” This authoritarian, top-down approach rooted in mistrust and false assumptions goes against best practices. It speaks to an illusion of control that will undermine employee productivity, engagement, innovation, retention, and recruitment at Tesla. If you enjoy video,... Read more
We tend to greatly underestimate the importance and impact of emotions in business and personal settings, a dangerous judgment error called the empathy gap. To address this problem, we need to deploy emotional intelligence, which refers to the skill of understanding and managing your own emotions, and social intelligence, meaning the ability to understand and influence other people’s emotions and relationships. If you enjoy video, here’s a videocast based on this blog: And if you like audio,... Read more
Gathering active and passive feedback plays a vital role in improving stakeholder membership engagement. Learning to love constructive feedback ensures that leaders can fulfill stakeholder expectations appropriately. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes effective strategies to gain constructive feedback. Video: “Effective Strategies to Gain Constructive Feedback” Podcast: “Effective Strategies to Gain Constructive Feedback” Links Mentioned in Videocast and Podcast Here is the article: Effective Strategies to Gain... Read more
Organizations must learn to incorporate constructive feedback from stakeholders to survive these turbulent economic times as the world grapples with pandemic-related disruptions. To meet the expectations of their stakeholders, leaders must ensure that they obtain regular feedback from them, since these people make decisions that determine the success of the organization. If you enjoy video, here’s a videocast based on this blog: And if you like audio, here’s a podcast based on the blog: Or simply read onward! ... Read more
The confirmation bias causes leaders to look for information that confirms their beliefs and reject information that does not. To overcome this dangerous cognitive bias, leaders should test decisions by trying to prove themselves wrong. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes how confirmation bias reduces business profits. Video: “How Confirmation Bias Reduces Business Profits” Podcast: “How Confirmation Bias Reduces Business Profits” Links Mentioned in Videocast and... Read more
