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Archive for November, 2014

Dan Amos’ Simple Sync Solution

Wednesday, November 12th, 2014

Dan Amos-Aflac

I said yesterday I’d provide a simple way to get back in sync with your people.

It’s not rocket science and certainly not new.

In fact, I’ve been telling managers for decades that if they want to know what someone thinks or wants to ask, instead of assuming or “figuring it out.”

They rarely listen, so I thought that if it came from Dan Amos, chairman and chief executive of Aflac, the giant insurance company it would carry more weight.

Aflac chief Amos admits his solution sounds obvious: If you want to know what would keep someone from quitting, ask. “It sounds like common sense, but not many companies really do it.”

I’ve also been saying that money is around five on most people’s list; making a difference, recognition, challenge and opportunities to learn and grow come first.

Employers often assume, Amos says, that everyone will just want more money. But most people’s wish lists are more complicated — and more realistic — than that. Amos started polling Aflac’s employees when he became CEO in 1990. The top requests: More recognition for their work and day care for their kids.

Many companies survey their people.

The difference is that Amos acts on the results of the survey—both requests were implemented — not just in the home office, but across the country (read the article).

Amos says that “the survey rules” and the proof is found in ease of recruiting and turnover numbers.

That willingness to listen has helped Aflac — the only insurance company to show up in Fortune’s Best Companies ranking for 13 years running — to successfully recruit talented women from all over the U.S. and from as far away as India.

It also, apparently, builds loyalty: Aflac’s annual employee turnover is pretty close to zero.

Flickr image credit: Aflac

Ducks in a Row: Are You in Touch with Your People?

Tuesday, November 11th, 2014

https://www.flickr.com/photos/fabioluiz/5419362401Ask most managers and they’ll tell you that they understand their team’s goals and concerns. They see themselves as in sync with their people.

But are they?

Based on a study about stress the difference in perception of cause between workers and managers is more a chasm than a rift.

But what was particularly striking about the findings was the disconnect between what employees and managers perceived: Inadequate staffing was cited by 53% of workers as the major reason for stress, while only 15% of senior managers thought this was so. A third of managers said that access to technology outside of working hours was a cause of stress, but workers disagreed, with only 8% citing it.

Disconnects between managers and workers are never good, but when the subject is something l like stress it can have a major impact on the bottom line.

Stress lowers productivity, hurts creativity and innovation, increase absenteeism, leads to health problems, thus raising health care costs

In short, stress causes and escalates disengagement.

Of those employees claiming high stress levels, 57% said they were disengaged. In contrast, just 10% with low stress levels said they were disengaged.

Obviously, being out of sync with your people costly to both your company and to you, personally.

Join me tomorrow for a look at getting back in sync and other useful information.

Flickr image credit: Fabio Luiz

The Future Joys of “The Internet of Things”

Monday, November 10th, 2014

https://www.flickr.com/photos/centralasian/8261449212

Have you been hearing about the “Internet of Things?” Hearing how everything you use, everything you own will connect to the Net?

And I mean everything! Bill Gates is even funding development of a Net-enabled woman’s contraceptive.

Google is building Net-enabled, smart, self-driving cars.

The media claims that the Internet of Things will be world-changing.

Are you excited?

Some things are already available.

Whirlpool’s “smart” washing machine boasts Wi-Fi and a colored control screen, can be started from an iPhone app, and will text or email you when your clothes are ready to dry…

And there’s more excitement coming in the next few years.

Whirlpool said its “kitchen of 2020” would be piled high with not-exactly-necessary whirligigs: stove-tops that display the weather, Facebook photos and Pinterest recipes; music-playing refrigerators; oven burners that flame up via voice command.

There’s just one teeny-tiny, minor problem that I rarely see mentioned in all the news, excitement and hype.

Hacking.

Every system currently in existence has been or can be hacked.

What makes anyone think that the things of the Internet of Things won’t be hacked, too?

Flickr image credit: centralasian

If the Shoe Fits: When “Caveat Emptor” Becomes “Operarius Emptor”

Friday, November 7th, 2014

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mThe so-called 1099 economy, where your workers aren’t actually employees, brings up questions.

  1. Is worker welfare a valid consideration in terms of the bottom line?
  2. How fair is it to reduce compensation, but maintain publicly that earning power is the same?
  3. How ethical is it to encourage workers to take on substantial debt based on those unlikely earnings?

If you answered 1) not really, 2) fine, 3) no problem then you’re in line with Uber management.

…reliably ruthless Uber is in the thick of it. Two “partners” in Uber’s vehicle financing program are under federal investigation, but Uber hasn’t slowed its aggressive marketing campaign to get drivers with bad credit to sign up for loans.

Following in the footprints of the mortgage brokers who sold houses to people who couldn’t afford them, thus creating the subprime housing mess, Uber is aggressively pushing new cars and subprime auto loans to its drivers with bad/no credit.

One comment stood out for its clarity and applicability to Uber and the rest of the 1099 world.

Uber corporate gets venture capital and stock options. Uber drivers get subprime loans. Sound like pretty standard American-style capitalism. –buonragazzo

Sound familiar?

Image credit: HikingArtist

Entrepreneurs: Disrupting Healthcare

Thursday, November 6th, 2014

If any consumer industry is ripe for disruption it’s healthcare—not just its recordkeeping.

Yet it would be hard to find any industry in which the established players are more resistant or just plain obstructive.

But thanks to people such as Elizabeth Holmes, founder of Theranos, and Dr. Isaac Yonemoto, founder of open-source IndySci, real disruption is happening.

Eleven years ago at 19 Holmes decided that she would spend her Stanford tuition on changing the healthcare status quo, which she did by upending one of the oldest, most expensive, completely ubiquitous, and least changed diagnostic tools—blood testing.

The new tests can be done without going to the doctor, which saves both money and time. Most results are available in about four hours, which means that you could swing by a pharmacy and have a test done the day before a doctor’s visit, and then the results would be available for the physician.

Each test costs less than 50% of standard Medicare and Medicaid reimbursement rates. If those two programs were to perform all tests at those prices, they’d save $202 billion over the next decade.

As an example of how helpful that can be, Holmes told Wired that Theranos charges $35 for a fertility test, which is usually paid for out-of-pocket and costs up to $2,000.

Those who aren’t partial to needles and vials of blood (most of us) should note that the Theranos test requires only one drop of blood from a prick of the finger.

Last year the company cut a deal with Walgreens to roll out Theranos Wellness Centers inside each of its 8000-plus pharmacies.

Dr. Isaac Yonemoto is used crowdfunding (campaign ended October 28) to finance Project Marilyn to create open sourced, patent-free cancer drugs.

The global market for these drugs surpassed $1 trillion this year. The average monthly cost of a brand-name cancer drug in the U.S. is about $10,000, according to the IMS Institute for Healthcare Informatics. (…) “The big picture is we’ll be trying to solve the problem of expensive pharmaceuticals by releasing drug candidates that put downward pressure on price through competition.”

Elizabeth Holmes’ one-drop blood test is the start of true disruption and if Dr. Isaac Yonemoto’s Project Marilyn is even half as successful as Linus Torvalds’ Linux they will change the face of medicine and the pharmaceutical industry forever.

How to Age

Wednesday, November 5th, 2014

https://www.flickr.com/photos/darkdwarf/6015766288Today is a friend’s birthday and he’s freaking out over it.

Jeff was born November 5, 1664.

Yup, today at 4:54 pm he will be exactly one-half century old.
(He didn’t appreciate the phrasing.)

I also reminded him that he’d never be as old as me.

Of course, the reason that few people realize just how ancient I really am is in my MAP:

I have a timeless view of myself.

My true wish for Jeff and all of you as you grow old (not up), is

May all your wrinkles be in your brain.

Happy future to all!

Flickr image credit: Dark Dwarf

Ducks in a Row: Culture and Moods

Tuesday, November 4th, 2014

https://www.flickr.com/photos/31176607@N05/12038089044

Good mood; weird mood; bad mood; silly mood.

We all have moods and those moods affect everything we do.

Moods are affected by all kinds of stuff, such as the weather.

Good weather = good mood; bad weather = bad mood.

In turn, our actions reflect our mood, rather than reflecting the real world; take online restaurant reviews

“The best reviews are written on sunny days between 70 and 100 degrees,” researcher Saeideh Bakhshi concluded. “A nice day can lead to a nice review. A rainy day can mean a miserable one.”

Likewise, the culture created by each boss actively effects moods, thus having a profound effect on workers creativity, productivity and a slew of other attitudes.

Bad cultures create negative moods.

Negative moods can lead to a procrastination doom loop, in which an individual perpetually delays important tasks while waiting for an angel of inspiration to visit.

When you’re the boss, no matter what you say or how you squirm, the culture that exists in your own organization is a direct result of you.

Flickr image credit: kuhnmi

John Chen and Blackberry

Monday, November 3rd, 2014

10679597884_0faee4d327_mRemember Blackberry, better known as the crackberry?

Remember the almost universal predictions of its imminent demise last year?

To paraphrase Mark Twain, “The reports of its death were greatly exaggerated,” and it’s moving towards turning around.

What changed?

The boss and the culture.

When John Chen took over as CEO his workforce was demoralized—no positive news and a constant focus on the problems the company was facing.

And that’s what Chen set out to change.

Instead of a culture focused on challenges, AKA, also known as problems, he crafted a culture of innovation by doing the following (read his post for the details).

  • Create a Problem-Solving Culture
  • Maintain the Sense of Urgency (As discussed last week.)
  • Take Care of your Company like it’s your Home
  • Know Thyself
  • Empower Employees to Take Risks
  • Everyone has a Role

Although Chen is focused on turnarounds, his approach and execution is applicable to any boss who wants a culture that attracts good people, motivates them to become great and retains them because they believe in the vision, as well as enhancing innovation and juicing initiative.

As Chen says at the end of his post,

All in all, a turnaround culture is one that enables everyone to pitch in to get things done. That requires focusing on a goal, and empowering employees to take risks and go the extra mile.

That’s how you win.

Actually, that’s how you win—period.

Anywhere.

Flickr image credit: San Churchill

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