SUCCESS
Employee Happiness Is Eroding—Here’s How Managers Can Help Turn It Around
Americans are becoming increasingly unhappy at work. BambooHR’s recent report benchmarking employee happiness revealed that job satisfaction has declined at a rate 10 times faster than in the previous three years. Separately, Gallup’s State of the Global Workplace 2023 Report found that most of the world’s employees are quiet quitting, exhibiting record-high stress levels, and more than half of employees are actively or passively job-seeking.
State Street Laying Off 1,500 Employees
State Street, the financial services company based in Boston, is laying off about 1,500 employees. Vice Chairman and Chief Financial Officer Eric Aboaf shared the news about “headcount reductions” last week at the Goldman Sachs US Financial Services Conference. The upcoming layoffs will cost State Street between $175 million and $200 million in severance payouts.
EU Reaches Landmark Deal On World’s First Comprehensive AI Regulation
European Union policymakers agreed Friday on a comprehensive regulation for artificial intelligence, the AI Act. This makes the EU the first governing body to pass AI legislation of the sort. “European policymakers focused on A.I.’s riskiest uses by companies and governments, including those for law enforcement and the operation of crucial services like water and energy,” according to the New York Times.
The Blind Ambition Podcast
Jason Birmingham openly admits that he doesn't have the traditional resume of a CTO or a financial-technology executive. For one, he's a software engineer with finance degrees and a client-facing management consulting background. We dig into how he broke the mold and earned each promotion until he landed in the c-suite. He shares how he learned the value of mentorship and professional sponsorship and how he's been able to count on others to get over career roadblocks. Finally, we look candidly into the importance of having a solid personal and professional network and how anyone can build the skills to influence others and demonstrate leadership.
How To Survive And Thrive During The Holidays And Into The New Year
The new year is right around the corner. For some Americans, 2023 was challenging, as they had to contend with high inflation and rising costs eating into their paychecks. White-collar professionals face job insecurity due to threats brought on by the ascendancy of artificial intelligence, offshoring jobs to other countries and corporate cost-cutting, which has included numerous rounds of layoffs for companies.
Mark Cuban Says the Best Employees Are Smart and Driven—But One Other Habit Makes Them Irreplaceable
As leaders, we often experience stress, and so much of it is caused by our work environment, particularly the people who work for us. When employees are stressed, it can have a negative impact on productivity, performance, and well-being, not just for the employees but also for the leaders. Mark Cuban clearly understands this, which brings us to what he values the most in his employees.
The “Stay” Interview Is Much More Effective Than the “Exit” Interview—And Could Be the Key to Employee Retention
The truth comes out eventually—often in an exit interview, when well-meaning managers conduct surveys and ask all the tough questions now that there are no strings attached. This is a time for former employees to say how things really were. But why wait for that moment to learn that a miscommunication or a series of bad experiences—sometimes even fixable or preventable ones—were the reason you are losing a great employee? Or, for employees, why wait to share those truths until it’s too late to fix it?
Let’s Go Live With Jack Kelly
As the new year approaches, you ought to begin cultivating and growing your skill stack to stay ahead of the competition and be ready to take your career to the next level in 2024. Adding these top skills will be invaluable to your career and essential to navigating the workplace. Tune in to find out what they are!