Decision Making – Page 9 – mardihumphreys.com

Self-worth

We talked last week about getting laid off from your job, but we did not talk about its negative impact on your budget. You know it’s important to maintain an emergency fund (three to six months worth of expenses), and the best time to do that is before you need it. But why is it so hard to save up your money?

Status

Society trains you to attach your self-worth to your income. It’s one way to evaluate success or failure. Have you heard the motto, “He who dies with the most toys wins”? People are competitive. In the workplace, the person who has the most money has the most power. You carry that mindset into relationships outside of work. You gravitate toward people with similar socioeconomic backgrounds. If you feel your income is lower than your friends, then you’re embarrassed to discuss it. But talking about finances can create community because people have knowledge to share. For example, if you both have car loans, what is their interest rate? Is it lower than what you’re paying? That conversation may not only save you money, but also build a stronger relationship. Comparing yourself to others is useless. There will almost always be someone in your life who makes more money than you. You decide how much status, comfort, and peace of mind is enough for you.

Humans are Judgy

Discussing money openly is still generally considered impolite. Seventy percent of Americans think money conversations should be kept private. Other people aren’t the only ones judging you based on your income. You also judge you. If your income is tied to your sense of identity, then revealing it feels like exposing something deeply personal. It’s especially painful if your income does not match your goals. Society places a lot of value on financial success. You may feel looked down on if you know your income is less than your coworkers. That is one of the reasons the culture of the American workforce traditionally gives for the strong privacy policy around finances.

Paradigm Shift

The pandemic made the workforce rethink what making a living looks like. For example, is there more to life than working under the terms and conditions someone else sets? Or why do you care about society’s opinion when they aren’t living your life? If tightening your budget will enable you to live the way you want, then try these ideas.

Determine essential expenses (housing, utilities, groceries) and cut back on non-essential expenses (eating out/food delivery, entertainment, subscription services)
Review your health, (medical, dental, eye) car, life, and any other insurance policies. Make sure you have adequate coverage, don’t have more than you need, and you aren’t paying more than necessary
Pay off your credit cards ASAP. Look for a card with a lower interest rate. When you find one, contact your bank and ask them to match it
Work an additional flexible-schedule job (dog walker, food delivery driver, consultant) to supplement your income until you get your finances where you want them

Saving your money is hard because it’s not about money. It’s about how you feel about money. How do you prioritize how much is enough? Please share in the comments.

Job Insecurity

As of April 30, 2023, 168,243 tech employees have been laid off. Losing your job through no fault of your own can be devastating. You feel rejected, hurt, angry, embarrassed, maybe even panicked. Now what?

What Not to Do

Retaliate – It’s tempting to act on your anger and lash out. For example, if your former employer is a bring-your-own device to work environment, then you may feel like withholding the projects you did for them. Upload their stuff from your personal laptop to their shared drive and put it behind you. You may also be tempted to indulge in some trash talk the next time you’re on social media, but disrespecting the organization and/or its leadership only reflects badly on you. If you were a hiring manager, would you interview someone who publicly maligns a former employer?

Rush – Take the time to find your best opportunity. Rushing into a new job that isn’t a good fit can lead to further stress and disappointment. While you may need money immediately, it’s better to take a temporary and/or part-time job both for the paycheck and the time it gives you to keep looking for an organization whose culture excites you.

Ruminate – Overthinking how unfair the situation is does not help you move past it. Triggers are everywhere. Well-meaning people ask you about it and the story is painful to tell over and over. Come up with a neutral elevator speech you can easily remember and deliver it every time someone asks you what happened. Something like, “They had to downsize so now I’m free to accept a new role. Do you know of any open positions?”

What to Do

Reflect – If you are not given a reason for your termination, ask. Knowing why you were chosen may prevent similar issues from happening in the future. Then take stock. Do a personal SWOT analysis. What are your strengths, weaknesses, opportunities, and threats? (If you need help with this, DM me.)

Request – Will the organization help you find another job? Will they be a reference? Do they have a connection they will introduce you to? Will they hold a seminar for those who are getting laid off to help with resume reviews, mock interviews, and networking skills? If not, will they pay for a session with a career coach as part of your severance package? If you are eligible for unemployment benefits, file a claim as soon as possible. Avoid making large purchases or taking on debt. These temporary measures can help you stay financially afloat while you search for your next role.

Review – Update your LinkedIn profile and personal website. Adjust your resume and cover letter (Yes, cover letters are still a thing. Don’t get me started.) to highlight your most relevant skills and experiences. Customize your application materials to each position you apply for. This is a job in itself, so after a session working on those, practice self-care and do something that makes you feel good.

How you handle this setback reveals your level of emotional intelligence. Imagine it as a growth opportunity. When you frame it that way in your mind you have great illustrations to draw on for your next job interview.

Have you ever been laid off? What did you do to recover? Please share in the comments.

Communication is Key

I love it when people ask me if I’m worried about robots taking my job. They think Artificial Intelligence will be faster, smarter, and cheaper at creating content than I am. They’re right. But instead of displacing me, AI has promoted me. I am now a Prompt Engineer. How can you protect yourself from being replaced by AI?

Embrace

We fear what we don’t know, so get to know at least one AI chatbot. Here are a few you can try for free. Use AI to help you speed up your process. It’s like washing your car. When you drive through an automatic carwash there are no humans with buckets, sponges, and hand-held vacuums employed to hand wash your vehicle. Technology changed the way you wash your car. Just like technology changes the way most work gets done. Take control and upskill yourself.

Engage

The more work AI can do, the more important the human touch becomes. Use communication to:

Build Trust – Is there a coworker you avoid because the only time they speak to you is when they want something? Don’t be that coworker. Up your interpersonal communication efforts. If you get into the habit of engaging your team in conversation every day, then they will be more open when you ask them for help.

Make it Easy – Use tools like Google Drive to keep KPIs, planning notes, task assignments, etc., in one place so it is easy for your team to check the status of your joint projects. Keep meetings to a minimum. If a meeting is the best way to communicate, then invite one representative per project and let them brief their teams.

Spread Positivity – Take every opportunity to be a cheerleader. Whether it’s your direct report, coworker, or manager, when someone does a good job let them know. Reference a specific action they took and sincerely tell them why you think they rocked it. When someone helps you, thank them in front of their manager, if possible. Even people who do not enjoy the spotlight appreciate praise in the presence of someone who impacts their career.

Enhance

AI does not eliminate customer service. It enables you to be better at it. A human still needs to communicate:

Empathy – Clients want to know that you hear them, understand their challenges, and have experience solving the problem they are facing. After actively listening, you achieve that through what you say and how you say it. Customer service is warm, soothing, and personal.

Subject Matter Expertise – Your clients trust you to give them the tools they need to grow their businesses. You are their guide. You cut through the noise surrounding them. Use AI to research and evaluate options, then present them with the best plans for spending their time, energy, attention, and money.

Emotional Intelligence – It takes a human to figure out how a client likes to communicate then tailor the message to the medium they are most comfortable with. Slack? Email? Phone call? Zoom? Clients want to know someone is taking care of them. Ask them what their business needs beyond what your company provides. When you find out, introduce them to someone in your network who can help.

How has AI impacted your job so far? Please share in the comments.

Lead Me On

The first leader you ever followed was your mother. From the time you were born she managed, coached, and developed you. It may have felt restrictive, nagging, and painful for both of you while growing up, but today those behaviors she modeled will pay off for you on the job. If you are hiring managerial positions, what qualities should you look for in a candidate that will help you retain your individual contributors? If you are an individual contributor looking to move up, what skills should you hone to supervise direct reports?

Empathy

Mothers learn active listening and how to connect with people on a personal level. These qualities help them understand both the needs of their direct reports and the concerns of their stakeholders. This creates a positive and supportive work environment where employees feel valued and motivated to succeed. These feelings make them want to keep working for your organization. This research says relationships with colleagues is one of the top reasons employees stay with a company. Empathy is considered a soft skill which masks the reality that it requires a thick skin. A leader has to make hard decisions that are best for the company, and may be unpopular with the staff. For example, at home Mom stands firm on her decision prohibiting her teenager from riding in a car with a driver who only has their temps. At work, this is the leader who prohibits her team from delivering a subpar-quality project to the client. Both situations require Mom to get comfortable with people’s disappointment.

Coaching

Whether the piano, your volleyball serve, or multiplication tables, a coach makes you practice. Repetition not only increases muscle memory, but also reveals where processes need improved. For example, Mom trains her child to take out the trash every week. Not only does her child learn the chore needs done, but also if once a week is enough. At work, Mom trains her team to meet for a status update every week. Not only does the team learn what progress was made, but also if meeting once a week is enough. A coaching manager knows you need not only hard skills like learning a second language, profit forecasting, and SEO, but also soft skills like communication, conflict management, and critical thinking. Mothers have years of practice training their children to have a growth mindset. They develop strong communication skills enabling them to constructively articulate their expectations. In the workplace this translates into guidance and encouragement which builds trust and respect with their staff.

Foresight

Mothers have a long-term perspective when it comes to their children’s well-being. This skill can be applied to leading a team, where it’s essential to make decisions that benefit the organization’s future growth and success while balancing competing staffing demands and prioritizing tasks effectively, especially when it comes to crisis management. Mothers put systems in place to handle unexpected challenges such as a sick child. In the workplace, these are the leaders who anticipate what complex emotions from stakeholders they may have to face if they make a certain decision.

Mothers are adept at communicating, motivating, forecasting, navigating conflicts, and fostering relationships. All these are signs of a good manager.

What leadership qualities did I forget? Please share in the comments.

Happy Endings

With Mother’s Day and Father’s Day coming up, you may be celebrating your parents over the next few weeks. Maybe you will get together and relive memories of their past as you grew up. Are you also thinking about their future and how it may impact yours?

Once your parents retire Social Security and Medicare will help with living expenses, but it’s likely they will outlive those funds. You need to know if they have savings and safeguards in place to protect the money they worked so hard for. Here are some things to consider.

Fraud

Since older adults have had more time on the planet to save up their money, they are logical targets for fraud and not just by strangers. When talking to your parents listen for stories of any new friends coming into their lives and how they spend time together. For example, when they go out to lunch, does your parent always pay the check? Here are some other things to watch for. Also talk about the latest cybersecurity scams. Criminals are employing the latest capabilities of AI to do scary things like enhance family emergency schemes.

Finances

Always a touchy subject, but the economy is perpetually uncertain. Everyone wants to ensure they have all the resources they need to live the rest of their lives the way they want to. Here are a few questions to ask.

Do they have savings (e.g., IRAs, pensions, etc.) in place?
Do they have outstanding debts?
Do they have the necessary documents (like these ) filed?
Not to be morbid, but have they thought about funeral arrangements? Do they want their remains to be buried or cremated? Are they organ donors? If they haven’t thought about it yet, encourage them to document their preferences so you can carry out their wishes after they are gone.

Fulfillment

Mostly, you want to know that if you die before they do they have a plan for living out the rest of their lives in safety and comfort. Here are some questions to ponder together.

Is the interior of the house okay? Accessories like grab bars in the shower, a chairlift for the stairs, and adequate lighting throughout the house will help prevent falls.
Do they have any chronic conditions? Are the names and contact information for their healthcare providers written down somewhere that you can access if necessary?
Do they have a community? Social engagement is important for mental and emotional health no matter how old you are. Do they volunteer with their church? Does their city have a senior center?
Do they feel safe driving? Are they open to public transportation, ride-sharing, or a nonprofit’s transportation program?
When they eventually need help aging in place, should you live together? If so, who is financially responsible for what expenses? How much physical help will they need before it’s beyond your capabilities? Should you get advice from an eldercare attorney to prepare yourselves for what the future may bring?
If they ultimately need an assisted living community, how do you find a trustworthy one? Here’s some information on where to begin.

The future and money are both emotional conversation topics. If you approach them with empathy, respect, and active listening, they will be more productive. Be aware this is not a one and done. You will revisit these issues as long as you are blessed to still be on the same planet as your parents.

What resources do you recommend for aging in place? Please share in the comments.

Persist to Resist

The great philosopher, Rick Springfield, sings, “Nothing that matters comes easy. Nothing that comes easy ever really matters.” Goals that matter are not easy. Sometimes that is because of what you have to resist in order to achieve them.

William James work was instrumental in establishing psychology as a legitimate scientific discipline. In his book, The Principles of Psychology, he defines the ability to confidently and repeatedly resist temptation as conscientiousness. It’s a broad personality trait that includes carefulness and organization, but mostly restraint. Conscientious restraint is a clear indicator of health, contentment, and prosperity and it’s like a muscle. The more you use it the stronger it gets. What temptations are preventing you from reaching your goals at work?

Social Distractions

It takes time for your brain to shift focus. For example, you take a break to check Snapchat before a meeting. You get caught up in your friends’ stories. Before you know it, half an hour has gone by. Then, you have to shift your focus back to prepare for the meeting. You enter the meeting wondering why you don’t feel adequately prepared. Time spent on social media, personal texts, and in-person/DM interruptions add up to hours that sneak up on you. You can better focus your attention by pausing notifications from your email, direct messages, and texts and closing your office/home office door. When you resist social distractions, you get more done in less time. The moral of this story: Silence your phone and put it out of sight.

Multitasking

Multitasking is a myth. Humans do not multitask. Only computers multitask. Sure, maybe you can walk and chew gum at the same time, but those activities aren’t particularly taxing on your brain’s executive control processor. But sending an email during a videoconference is. When you do that you are not multitasking, you are task switching. Either your email will suffer or you won’t remember what the last speaker said. You may be able to do all the things and in quick succession, but you are still doing them one at a time. The more you slow down and do things deliberately, the faster you can accomplish each task. The moral of this story: Resist the temptation to multitask.

Setting Yourself Up to Fail

If you have the most brainpower in the morning, then why do you check email first thing instead of tackling your most difficult assignment of the day? If you know that you work on a project until it’s done before allowing yourself a break, then why are you surprised your result is full of mistakes? If you interrupt your work to handle random tasks that pop into your head, then why are you frustrated with the time it takes to shift your attention back to the task at hand? If these scenarios describe you, then start setting yourself up to succeed. Tackle your most difficult projects when you have the most brain power. Set a timer for 30 minutes and take a seven minute break when it goes off; preferably to hydrate and maybe step outside for some fresh air. Keep a scratch pad and pen on your desk so when a random chore enters your mind you can write it down to do later. The moral of this story: Know yourself and play to your strengths.

What temptations do you resist in order to get work done? Please share in the comments.

Don’t Let Me Down

I had to take a class in small group communication in college. It was there that I learned one of my all-time favorite jokes: I want the members of my small group to be the pall bearers at my funeral so they can let me down one last time.

The absence of collaboration on a team makes you feel let down. One challenging element of collaboration is group goal setting. In this, Part Two of our Before and After series, let’s think about the traditional approach to setting work goals as Before, and how that approach can be improved as After. The Before approach is a systematic and disciplined process for success, but your team can waste a lot of energy using it. It typically goes like this:

Define the Objective – Identify what you want to achieve. The objective should be clear, specific, measurable, and aligned with the company’s overall business goals, vision, and mission.

Break it Down – Divide the objective into small steps to create projects. Assign projects to team members.

Prioritize – Determine the order in which the projects need to be done. For example, if Jane needs data from Joe’s project to complete hers, then Joe’s project is due first. Set deadlines, figure out what resources each team member needs to complete their project, and brainstorm possible obstacles to completing projects on time.

Track Progress – Schedule regular meetings to track the team’s progress towards meeting the objective. Identify who is falling behind and why. Adjust their resources to stay on track.

Evaluate – After achieving the objective, gather feedback from the team. What worked well? What didn’t? What do they wish they’d done differently? Put these notes in a folder in a shared drive as a reference for the next objective.

The traditional method dictates that you set a goal, reach it, then begin to identify another one. Sounds logical, right? But, in the quickly evolving world of work, Before methods of goal-setting are no longer working. This happens for several reasons, all having to do with a lack of something:

Flexibility – Traditional goal-setting methods often involve setting long-term goals and sticking to them, but that ignores the pace at which the work environment moves.

Employee Input – In the world of Before, your manager hands an objective to the team leader who doles out assignments. Lack of employee input produces both a lack of buy-in and a lack of motivation to achieve the objective. Employees are more engaged and motivated when we understand the broader purpose and meaning behind our work.

Learning – Traditional goal-setting methods tend to focus solely on achieving specific outcomes and not on the value of experimentation. In today’s knowledge-based economy, failing fast supports figuring out the best ways not to do something. These learnings are evergreen and the processes of elimination can be applied to achieving future goals.

The changing nature of both work and the workforce means that Before goal-setting methods may be ineffective in achieving your objectives. Instead, organizations should consider adopting the After approach. It relies on flexibility and employee-driven input to goal setting. This prioritizes learning, development, purpose, and adaptability.

How can you integrate the After approach to goal setting into your workforce retention plan?

Atomic Habits Stacking

Before and After is a recurring category on the game show, Jeopardy! For example, one of the clues was, “C.S. Lewis’ Narnia book that showed off a little too much skin at the 2004 Super Bowl halftime show.” The correct response was, “What is The Lion, the Witch, and the Wardrobe malfunction?”

The Before and After category has me thinking about goals because I have a theory for goal setting inspired by the Before and After category. I call it Atomic Habits Stacking. It combines two systems: Atomic Habits and Habit Stacking.

We talked a bit about the book, Atomic Habits, back in November. A major takeaway from the book is author James Clear’s statement, “You do not rise to the level of your goals. You fall to the level of your systems.” Clear suggests creating a system to initiate and integrate a new habit by making it obvious, attractive, easy, and satisfying. For example, let’s say your company adopted new project management software. To adjust to using it, you could begin the workday by logging in to your account, seeing what you accomplished the day before, what work has come in since you last checked it, save urgent tasks to your favorites, and give yourself an Atta Baby! for taking another step to try something new.

What’s Next

Add Habit Stacking to Atomic Habits and you exponentially increase your ability to reach your goals. Building on the example above, after completing those steps, if you choose one of those projects you flagged urgent and begin working on it, then you are Habit Stacking. With Atomic Habits Stacking, you get incrementally closer to reaching multiple goals everyday.

Identify New Goals

A side effect of this process is the identification of future goals. For example, let’s pretend the project you flagged as urgent is data collection for a quarterly report. The future goal that may occur to you is creating a PowerPoint slide for visualizing that data while you have it in front of you. It does not take long to start evaluating new assignments through the filter of, “How can I make this project obvious, attractive, easy, satisfying, and link it to another project?”

Team Atomic Habits Stacking

Your team can implement Atomic Habits Stacking. Continuing our example, when you finish data analysis and create a slide, then tag the person who is writing the report. They Atomic Habits Stack by also writing a rough draft of the Executive Summary. Then they notify the person who has to present. That team member updates what information is gathered and what still needs done. Then their Atomic Habits Stack is sending everyone a Slack message with an updated agenda for the next check-in meeting. It can get complicated so make sure everyone knows what the completion of their event means for triggering the next person. With practice, cooperation, and trust your team will find many cases for Atomic Habits Stacking.

What work habits can you combine to increase your productivity?

The Big Reveal

When you ask for a raise and you’ve talked about how you have increased your responsibilities and your plans to either save the company money or bring in more revenue, that’s when your manager asks, “How much money do you need?” What if you’re a crew member at a fast food restaurant and your reply is, “How about $25 an hour?” Neither question seems helpful. Your manager should know (and be willing to disclose) the budget range for your position. Salary is not determined by how much the employee needs. It is based on how much the company is willing to pay an employee to get a job done on time, under budget, and with excellence. Does this seem weird to anyone else? No? Just me? K. Moving on.

One of the best ways to find out how to solve a challenge is to ask someone who has been through it. However, we’re trained early in our careers to not talk with our coworkers about compensation. Why?

Employers cannot forbid their employees to tell each other how much money they make. In fact, it’s a right protected by the National Labor Relations Act. Yet, we know we’re not supposed to and some employees have gotten fired for doing so. Authenticity at work means being open about who you are, your values, beliefs, and experiences. Your compensation is one of your experiences. Some state legislatures agree and have passed pay transparency laws to aid in reducing pay discrimination. This new authenticity has ramifications for both the employee and the employer.

For the Employee

Pay transparency laws require companies to disclose salary information to job seekers. These laws are supposed to make it easier for potential employees to negotiate salaries and feel confident they will receive fair compensation for their work. The fast food employee in our scenario above should get online, find the restaurant’s job postings, look for their job description, and see what pay range is offered. Then they will know how much of a raise to ask for. They should also look at other similar fast food restaurants’ job postings. Are they offering the same pay range?

For the Employer

Pay transparency laws should help you reduce turnover and avoid costly discrimination lawsuits. While adjusting to the new rules, be aware there may be hidden compliance costs. For example, you may need to invest in new systems or processes to collect and disclose salary information. This could increase your administrative costs. You may also need to raise your current employees’ salaries to prevent them from quitting. To do this at a sustainable pace, you can tie raises to job performance and give reviews twice a year. Before posting an open position, check to see what pay range your competitors are offering.

Negotiating terms of employment is where the foundation of trust gets built between an employer and employee. Pay transparency laws should produce a more competitive job market, better informed decisions, improved employee morale, and a more positive work environment for everyone.

How do you feel about pay transparency? Please share in the comments.

Risky Business

Photo by Yan Krukov from Pexels

Back in October, we talked about how employers need to iterate their employee retention strategies to adapt to the new, non-traditional, workforce if they want to stay in business. One current retention and recruitment strategy is encouraging employees to bring their whole selves to work. October’s discussion ended with the acknowledgement that for some demographics authenticity at work is not always a wise choice. For example, people of color, other-abled, LGBTQIA+, older, and immigrant workers, to name few.

In this survey 64% of employees said they felt pressured to conform to certain expectations and standards dominating their workplace culture. For example, some hid their political views and information about their families in order to fit in the organization. If you agree with the 64%, then your choices are leaving your authentic self at home, try changing the culture from within, or find another job. What’s the right choice for you?

Be Assimilated

If quitting is a luxury you can’t afford, then remind yourself that your job serves a purpose. It pays your bills which gives you options in other areas of your life. It is okay for now. You do not have to retire from this job. If bringing your whole self to work does not align with your organization’s norms, then you must assimilate. For instance, if your company has a strict dress code, then your tattoos or hair may not conform to the culture and you must obey their rules. This conformity is exhausting and can negatively impact your productivity, so carefully monitor your job performance. For example, regularly update your “Atta Baby!” file.

Become a Change Agent

Bringing your whole self to work means being open and authentic about who you are, your values, beliefs, and experiences. If you are in a minority group, (like those mentioned earlier), then you are in a position to enhance your organization’s DEIB initiatives. Be aware that participation may involve communicating painful memories forcing you to relive them. Not only is this work, it is usually unpaid work. If you choose to help change your company’s culture, then please prioritize your mental health. For example, enlist an ally to help you set boundaries on how authentic to actually be.

Beware

Every organization has its own culture. If you get another job, that culture may not fit either. If you decide to find new employment, then look for key phrases in the job description to determine whether or not that organization champions authenticity. For example, phrases like value alignment, access to reliable transportation, and ability to complete tasks with or without reasonable accommodations, signal that you may have found a company with a culture where you could be your authentic self. Keywords like young and energetic, strong English-language skills, and compassionate nature warn you to keep looking.

It’s in a company’s best interest to create an environment where all employees feel safe and empowered to bring their whole selves to work. Authenticity fosters productivity, improves employer-employee relationships, and inspires collaboration. More authentic collaboration leads to more ideas. More ideas lead to more innovation. More innovation leads to more products/services. More products/services lead to more growth.

How do you encourage authentic diversity in your workplace? Please share in the comments.