"Wisdom Work" became the new "Knowledge Work" | As a leader, your only competition is yourself | How to get employees to use their PTO
Created for newsletter@newslettercollector.com |  Web Version
August 6, 2024
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Getting Ahead
With an aging workforce and a growing reliance on digital intelligence, companies are recognizing the value of "wisdom work" over traditional "knowledge work." Research shows that intergenerational teams outperform single-generation teams by combining the strengths of both young and older workers.
Full Story: Harvard Business Review (tiered subscription model) (8/2) 
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When starting a new job, LinkedIn career expert Charlotte Davies says it is important to network, clarify your manager's expectation and observe company culture. "Come prepared and be ready to ask informed and smart questions," says Davies. "Showing a willingness to listen, observe and learn, while also demonstrating your enthusiasm to get stuck in won't go unnoticed."
Full Story: Daily Mail (London) (8/4) 
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Ranking ourselves in terms of how we compare to our peers -- or especially those above us -- can undercut our confidence and lead to imposter syndrome, writes management consultant Marc Cugnon, who recommends a mindset change: The only person you're competing with is yourself. "When that light bulb went off in my head [...] I suddenly found myself with a new reserve of mental energy, which I was able to devote to helping others shine," Cugnon writes.
Full Story: SmartBrief/Leadership (8/2) 
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Hire Smart
Netflix pioneered unlimited PTO in 2003, and while many employees prefer the idea, usage statistics show hesitancy, with workers only taking an average of 10 days off. Caitlin Collins of Betterworks notes that for unlimited PTO to be effective, companies need to foster a culture that prioritizes vacation time.
Full Story: Employee Benefit News (free registration) (8/1) 
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The Landscape
Job growth slows but some sectors continue to hire
(Raleigh News & Observer/Getty Images)
The US labor market's soft landing is at risk, according to Nick Bunker of Indeed Hiring Lab, as job growth slowed more than expected in July and the unemployment rate rose to 4.3%. While sectors like information services saw significant job losses, areas such as health care, construction and government are still hiring. Experts suggest that job seekers consider pivoting to these growing sectors and focus on transferable skills to navigate the competitive market.
Full Story: CNBC (8/2) 
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Shortages of skilled accountants are leading to weak financial reporting controls and increased CFO turnover. Nearly 640 US-listed firms cited insufficient accounting personnel for material weaknesses in their financial reports over a recent 12-month period, resulting in higher CFO turnover rates. The staffing shortages, which have caused delays and restatements in financial filings, are expected to persist as more accountants retire without enough new entrants to the profession.
Full Story: The Wall Street Journal (8/2) 
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A law enacted in Massachusetts mandates that businesses with more than 25 employees disclose salary ranges in job postings. The law, aimed at closing wage gaps, allows workers to ask for salary ranges during job applications and promotions, and includes enforcement measures, such as fines and civil citations.
Full Story: The Associated Press (7/31) 
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The Water Cooler
For Olympians, getting gear to the Games takes mettle
Curtis Thompson competes in the Men's Javelin Throw Qualification on Aug. 6 (Patrick Smith/Getty Images)
Traveling with the gear they need to compete presents serious logistical challenges for many Olympians. This story features great stories from people who only compete in the pole vault or discuss or hammer throw. But the article then concludes with an ode to decathletes ... because they have to criss-cross the globe with ALL of the aforementioned equipment!

Side note: My son, Theo, arrived in Paris today as he prepares to cover the track & field events as a reporter. Luckily, he is a distance runner so he never has to worry about packing anything other than shoes. -- Janet Connor Kahler, editor of Your Career
Full Story: The Associated Press (8/5) 
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SmartBreak: Question of the Day
Singer Patsy Cline's hit "Crazy" wasn't written by her, but by which songwriter?
VoteBob Dylan
VoteElvis Presley
VoteWillie Nelson
VoteSmokey Robinson
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I don't even see when I'm doing my gymnastics. It's all in the hands. I can feel everything.
Stephen Nedoroscik,
gymnast, Olympic medalist
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