091028 5 Must Reads
- Friedman on Education
“Our education failure is the largest contributing factor to the decline of the American worker’s global competitiveness, particularly at the middle and bottom ranges,” argued Martin, a former global executive with PepsiCo and Kraft Europe and now an international investor. “This loss of competitiveness has weakened the American worker’s production of wealth, precisely when technology brought global competition much closer to home. So over a decade, American workers have maintained their standard of living by borrowing and overconsuming vis-à-vis their real income. When the Great Recession wiped out all the credit and asset bubbles that made that overconsumption possible, it left too many American workers not only deeper in debt than ever, but out of a job and lacking the skills to compete globally.”
- Jeff Hunter on HR Systems Problems
“Business tends to look at work in vertically integrated slices. A job title and level covers an increasing scope of capabilities. A Vice President of HR may be expected to have a great eye for talent, the capability to negotiate complex contracts, the analytical ability to assemble complex compensation structures and the knack for coaching CEOs to greatness. Everyone takes for granted that as one climbs the ladder that they have demonstrated proficiencies in an ever greater number of areas. HR writes job descriptions, selects talent, manages performance and compensates people based on this deeply held assumption. But this vertical integration means that we never get someone who is great at just one or two things. And this is preventing us from developing agile, competitive and productive organizations. “
- Wes Wu on Turnover
“Let’s say that the average turnover rate in the U.S. is 15% per year and that it sits at 5% today. That means a full 10% of the workforce is fairly disgruntled and is in your employee population right this minute. That is a pretty big number, and it’s a lot of unhappiness. The number is probably a lot bigger than 10%. While this is a global economic problem and most companies are proportionally impacted, negative economies tend to decrease employee engagement. The real problem is that this year you have 10% of the population that is not leaving. That does not exempt you from the additional 10% that is going to get pissed off next year and want to leave. While you might be basking in a disengaged workforce with low turnover this year, next year’s situation might change drastically.”
- Self Promotion for Introverts
“Introverts. The world needs us, can’t live without us, and often doesn’t quite get us. However, we persist, mostly behind the scenes, quietly contributing to society—writing, creating, designing, researching, solving problems, and digging for treasures ancient and new. Are you one of us? If you’re more of a Warren Buffett than a Donald Trump, and more of a Greta Garbo than a Madonna, you’ve come to the right place. It’s time for you to stop hiding from the spotlight. Time to get recognized and compensated for your gifts.”
- Is Corporate Recruiting Broken?
Great start a a debate featuring Rusty Rueff, Liz Ryan, Jeff Hunter, Hank Stringer and John Sumser.
Have you read something that you think merits attention? Let us know.