- How to manage a team full of high-flyers
- Biggest financial worries of U.S. employees
- Why a billionaire drives passengers for Uber
Cover Story – Teams Are Not Cocktail Parties
Kellog Insight at Northwestern University has provided a to-do list for successful team management:
- Don’t invite everyone – Managing team size is key when ensuring the effectiveness of a team
- Structure helps – Ruleless is not always best to foster creativity. Constraints start valuable and focused thinking processes.
- Focus on areas of improvement – The research group has shown that emphasizing the worst performances and how to fix them can achieve better long-term results within teams.
- Don’t waste time – Cut unnecessary meetings.
- Maintain a health feedback culture – Even if teams get along very well manage the team to be open and direct about constructive feedback.
Read the full report here.
This Week’s Finest – Your Employees
Biggest Financial Vulnerabilities of Employees (URL) – A recent survey has shown that the following factors cause the biggest stress for U.S. employees:
- 58%: Not saving enough for retirement
- 51%: Don’t have an emergency fund
- 34%: Living beyond their means
- 33%: Have serious debt
Food for thought on how employers can support their workforce.
Automation Makes Human Labor More Valuable (URL) – Labor-intensive jobs are the future of the U.S. economy.
Fastest growing occupations (growth rates 2014 – 2024):
- Wind turbine service technician (108%)
- Occupational therapy assistants (43%)
- Statisticians (34%)
- Genetic counselors (29%)
Worth Reading – Billionaire Behind the Wheel
LinkedIn Founder Predicts Impact of A.I. onto Work (URL) – Expected improvements:
- Faster onboarding – Knowledge graph tells a new employee everything he/she has to know on day 1.
- More efficient workflow – A.I. will be able to more effectively plan projects and assign work.
- Objective performance reviews – Moneyball is coming to the office.
Billionaire Founder Driving for Uber (URL) – Kayak founder Paul English drives passengers for Uber to figure out how workforce rating/motivation works.
His newest company Lola will depend on human service agents.
This is an example of customer development done right.
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Have a great week,