It was recently announced that the national unemployment rate went down to 5.6%. I was an Economics minor in college, many moons ago, and full employment was considered to be around 6%. By the time the Dot-com boom hit its peak in 2000, full employment was thought to be closer to 4%.
I never got the memo as to when they made that change but it seemed to make sense given the hubris of the times and how wealthy many Internet start-ups made their founders.
Economists today say the full employment number is between 5 and 5.5%. Again, I mi... Continue Reading
As the year hurtles to its conclusion, most of us will reflect back on what we accomplished and also what will fall into the pile labeled "good intentions". Making the best use of that fleeting resource – time – will always be a challenge.
As you make your reflections, please also begin to consider some things you can do to better prepare for making an even better use of your time in 2015. And remember, you have three work weeks left to try any of these ways to beat the clock.
1. Make meetings count! Be disciplined!
The bane of exi... Continue Reading
A client of mine was asked to take the helm of a new brokerage branch that combined three existing branches in a major metropolitan area. Its design would make it the new benchmark across the national platform. This Branch Manager is also a member of a very successful team within the branch that deals mainly with high net worth clients. She has been recognized nationally as being one of the very top Branch Managers in the country for all financial services firms.
As the planning for the actual consolidation drew near, I asked my client h... Continue Reading
Efficiency is doing things right; effectiveness is doing the right things. - Peter Drucker
I recently wrote about the disappearing vacation and why it is important for leaders to get out of town – or at least out of the office so they could recharge and their team members could learn to step up in their absence. But what’s your plan for reentry? Do you show up and pretend to be glad you're back and then hope you get a surge of productivity mojo that will carry the day, and the next week or two?
If you are like most people I know, we a... Continue Reading
I was talking to a friend today and he told me he was going to take a two-week vacation for the first time in many years. It made me think about my last, and only two week vacation, 33 years ago. It was an epic journey with a good buddy of mine to Alaska and it was a blast. Since it's the first week of August, much of Europe will be shutting down for the month. Family vacations have traditionally been a summer time rite of passage. But a few facts about this fading American tradition:
The Conference Board reported that 40% of consumers ... Continue Reading
As a leader, I have a couple of critical questions for you to consider:
Do you allocate enough time for planning so that you feel you can stay ahead of the many challenges that come your way?
If, like many others, your answer to the previous question is, "No!", what does this cost you, your team and the organization?
In this article, I'd like to explore some recent research on this particular topic, a model for evaluating how you spend your time and a perspective that will reinforce the reality that making time for reflection and p... Continue Reading
A foundational element of my coaching work is to have clients review how they spend their time as leaders so they can make choices that will allow them to focus on what is truly important, rather than get sucked in to the "busyness vortex" of our current work world. Since many of my clients can see their time be consumed by days of back to back meetings, I often suggest they schedule blocks of time for them to plan, build relationships and other key leadership duties that cannot be done in a hurry.
A client of mine recently gave me a boo... Continue Reading