Coach K: Only let good people on your bus | Why employers should offer paid time off for volunteering | McKinsey: 40% of workers could soon quit their jobs
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5 hacks for thriving through failure You can ease the pain of failure by staying positive and carefully analyzing the situation to identify key mistakes, writes Septmax Nigeria Limited CEO Momodu Abdulahi Maxwell. Then try again because "every failed attempt gives you an idea of what doesn't work and what should work," Maxwell writes. Full Story: Forbes (tiered subscription model) (7/18)
Mike Krzyzewski, who has retired from his position as Duke University men's basketball coach after becoming the coach with the most wins of all time in Division I, says the best piece of leadership advice he ever received was from his mother. "Only let good people on your bus because you're never going to get to your destination alone," Krzyzewski says, quoting his mother. Full Story: Duke University Fuqua School of Business (7/20)
Hire Smart
Why employers should offer paid time off for volunteering Giving employees paid time off to volunteer for charitable causes builds a sense of community in the workplace and strengthens employees' relationships with each other, HR leaders say. "When supporting volunteerism as a benefit, it's important to strike a balance between employee-led initiatives and company-led initiatives," says Laurie du Boullay, head of culture for Dataiku, which encourages employees to suggest companywide volunteer initiatives. Full Story: Society for Human Resource Management (tiered subscription model) (7/20)
The Landscape
McKinsey: 40% of workers could soon quit their jobs Around 40% of Americans are thinking about leaving their jobs in the next three to six months, and about 48% of global workers who left their jobs in the past two years did so to take up new roles in different industries, according to a report from McKinsey. Around half of those who quit without a new job lined up came back to the workforce, but just 29% returned to a traditional, full-time role, and McKinsey's Bonnie Dowling warns of rising quit rates: "This isn't just a passing trend, or a pandemic-related change to the labor market." Full Story: CNBC (7/21)
Ford plans to eliminate as many as 8,000 jobs to increase profitability and to fund a race to lead the electric-vehicle market, sources say, as the company seeks to reduce costs by $3 billion by 2026. The job reduction comes amid a slew of layoffs and reduced hiring at tech firms and other major employers. Full Story: BNN Bloomberg (Canada) (7/20),Reuters (7/20)
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Why you should care less If you are someone who often struggles with being too busy, this article is for you. Many people clutter up their calendar with tasks and events that they claim they do for others. However, the truth is that the only person who really cares about all that busy-ness is the person doing it. If no one cares about all your busy-ness, perhaps you could care less. Full Story: Vox (7/19)
One of the reasons pharmaceutical companies try to give drugs catchy brand names is because the generic names can be long and confusing. However, there is a method to all the generic drug-name madness. And similar to when you pick up a prescription at the pharmacy, it takes a consultation from a pharmacist to understand the importance of the nomenclature. Full Story: The Conversation (7/19)
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