Thursday, November 28, 2019

This is how women and men Venmo differently

This is how women and men Venmo differentlyThis is how women and men Venmo differentlyWhen you send your coworkers money for buying that round of happy-hour drinks, your method may be different depending on who you are, according to a new study on popular mobile payment service Venmo.Study Women say thanks more than men in online transactionsLooking at 500,000 Venmo transactions from 2017, student loan refinancing site Comet found that the language of money is different for men and women.For women, the most common feeling expressed in transactions welches a version of gratitude Thank(s). Women were more than twice as likely as men to say some version of thanks when sending money.Meanwhile, for men, the most common caption accompanying their mobile transactions was food. But when it came to using emojis, food was a universal language. The pizza emoji was the most common emoji used for both genders when sending money to someone. Turns out, food is still the most basic need.

Saturday, November 23, 2019

How to Help Your Employees Find Their Greatness

How to Help Your Employees Find Their GreatnessHow to Help Your Employees Find Their GreatnessEvery employer wants their employees to achieve greatness. You invest time and resources to recruit and train people, and its in every organizations best interest to create an environment where their employees can thrive. Without employees succeeding on an individual level, the business as a whole cant succeed either. Its one thing to acknowledge the importance of employee success and quite aleidlageher thing to enable it. This is a challenge that organizations of all sizes, locations, and industries face. Achievers recently conducted a survey of the North American workforce and found that there is a serious greatness gap. Employees are disengaged at work, and this prevents them, as well as their employers, from reaching their full potential. Its time to bridge this gap. The Greatness Gap Successful employees are engaged employees, and meeting basic needs of compensation and resources is only the foundation. Beyond that, the requirements are less tangible. Employees need recognition, direction, inspiration, and purpose. They also need the 3 Ms of Mastery, Membership, and Meaning. American employers are clearly falling short of fulfilling these requirements, as employee disengagement is a pervasive problem. According to the Greatness Report, 51 percent of employees are not happy at work, and about the saatkorn number expect to work for a different employer one year down the road. Part of this disengagement comes from a lack of purpose, which is a critical part of employee engagement. A sense of purpose ignites intrinsic motivation, but employers are failing to instill it in their employees. The Greatness Report found that 61 percent of employees do not know their companys cultural values and 57 percent are not motivated by their companys mission. Company culture is also a significant problem, with just 44 percent of employees indicating that they like their companys culture. Part of this problem stems fromissues with managers, who are responsible for conveying core values and cultivating an environment that supports company culture. The old adage that says that people join companies but leave bad managers rings true here, and only 45 percent of employees trust their companys leadership. Why? Well to start, 60 percent of employees reported not receivingin-the-moment feedbackfrom their managers. In addition, 53 percent of employees dont feel recognized for their achievements at work and 47 percent dont feel recognized for progress towards achieving their goals. Whats Missing? Employee Recognition All of these factors contribute to employee disengagement and limit their success. The good news is that you can remediate these issues with two simple and straightforward steps recognize your employees and educate them about the companys core values. Research shows that recognizing team members has a dramatic effect on performance. A study by Bersi n and Associates found that organizations where recognition occurs perform 14 percent better on employee engagement, productivity and customer service than those where recognition does not occur. Moreover, companies that actively recognize employees have 31 percent lower voluntary turnover rates than companies that do not. Minimizing turnover is becoming a growing concern for employers as their workforces become increasingly dominated by Millennials, who are known for job hopping.Churn is expensive. It is human nature to seek and respond to praise. Recognition is so important because it makes employees feel valued, and on a more basic level- noticed. It reinforces the fact that their contribution matters and expresses gratitude for their hard work, which encourages them to continue working hard. Recognition reinforces positive behaviors and inspires every employee to perform at their best. It helps cultivate trust between employees and their managers, as well as loyalty, which is wh y recognition and turnover have such a significant link. However, all recognition does not have the same effect. A good job once a year has a negligible effect. The other 364 days a year, the employee is wondering how she is doing and if her work is appreciated. Over the past few years, a body of cross-disciplinary research has emerged which shows that annual goal setting and performance reviews are ineffective at boosting performance, actively alienate employees, are based on a flawed understanding of human motivation and are often arbitrary and biased. For recognition to reap the strongest results, it needs to be daily, or even hourly, and happen in the moment. When an employee does something great- whether its delivering an amazing presentation, helping out a colleague, closing a sale, or coming up with a great idea- that is the opportunity to recognize their achievement. 72 percent of employees say their performance would improve with more specific and constructive feedback. Add itionally, public recognition is especially powerful. The above survey by Brandon Hall Group revealed that 82 percent of organizations with social recognition platforms enjoyed higher revenues and 70 percent saw improved retention rates. Whats Missing? Purpose The second major driver of the Greatness Gap is the lack of a clearly defined, or understood, mission and core values. Culture is the glue that holds an organization together. If you hire employees that dont fit in with your companys culture, believe in its mission, and uphold its core values, then you will have an uphill battle getting them to succeed. A well-articulated mission helps employees understand why they come to work every day and do what they do- it provides purpose. Employees that feel their work is meaningful are more inspired, motivated, and engaged. Core values help employees understand what types of achievements and behaviors are rewarded. Its a guideline of sorts for how to succeed within the organization . For example, if putting customers first is a core value, then every employee, whether they are in sales, support, or on the design team, approaches their work with that lens. Most companies have mission statements and core values. The issue is that they arent woven into the fabric of the organization, so they have no weight. Sticking them up on the wall or on a website is not enough. Upholding the mission and instilling core values requires clear communication, as well as recognition of those values. This reinforcement will highlight to employees how their work fits into the bigger pictures, as well as strengthen their alignment to a shared culture of doing the right thing. Regularly recognizing employees and educating them on core values will have a dramatic effect on employee satisfaction, engagement, and productivity. Try recalibrating your company culture with greatness in mind, and the results will amaze you.

Thursday, November 21, 2019

Gift Ideas For Under $15

Gift Ideas For Under $15Gift Ideas For Under $151. Give the gift of stock (its the gift that keeps on giving, as long as the company whose personenname is on the stock stays in business) while supplies last, $15 will buy you one share of Morgan Stanleyor two shares of Citi.2. Everybody likes a good finance book, and here are two of the best of 08,both going for under three Abe Lincolns Mohamed El-Erians When Markets Collide Investment Strategies for the Age of Global Economic Change, winner of the 2008 Financial Times/Goldman Sachs Business Book of the Year and Ahead of the Curve Two Years at Harvard Business School, Daily Telegraph journalist Philip Delves Broughtons tale of two years at HBS.3. If the loved or liked one on youre shopping list has a taste for fine vintage, as well as a sense of humor, try these two items (both, as of 3 p.m., on sale for $15 or less) a lovely Bear Stearns Residential Mortgage baseball hat, or a handy Lehman Brothers emergency evacuation kit.