If You Use These 6 Phrases a Lot, You’re a Better Leader than You Think They may not be what you expect, but using them often will help increase trust
With your employees is vitally important to your success as a leader. Even Warren Buffett considers developing your communication skills one of the best investments you’ll ever make, stating that it “can increase your value by at least 50 percent.” But to inspire people with words isn’t as easy as merely talking. It takes a very human approach in the […]
You’re the CEO and Your Company Got Hacked—What Now?
Executives who handled cyberattacks at LastPass, SolarWinds and Accellion share tips on planning for and responding to an incursion. Karim Toubba was a few months into his new job as chief executive officer of LastPass US LP, which allows customers to store and manage passwords, when he learned that his company had been hacked. Two […]
Why Your Organization Should Use Salary Benchmarking
Recent transparency policies across several U.S. states, like salary history bans that prevent employers from requiring candidates to report their compensation or even their salary expectations, have heightened the focus on fair salary practices in the workplace. As a result, there’s an increased demand for strategies to determine appropriate compensation. A key solution lies in […]
To Change the Way You Think, Change the Way You See
“Think Different,” said the famous 1997 Apple advertisement. Excellent advice, obviously, to all creators, innovators, and entrepreneurs. But, along with thinking differently in order to come up with revolutionary new ideas or products, there is also seeing differently. Great creators, innovators, and entrepreneurs look at the world in ways that are different from how many of us look […]
The CEO View: Defending a Good Company from Bad Investors
David Pyott had been the CEO of Allergan for nearly 17 years in April 2014, when Valeant Pharmaceuticals and Pershing Square Capital Management initiated the hostile takeover bid described in the accompanying article “The Error at the Heart of Corporate Leadership.” He was the company’s sole representative during the takeover discussions. When it became clear that the […]
Hire Leaders for What They Can Do, Not What They Have Done
Fifty years have passed since the publication of The Peter Principle, but its rule still applies today. “In time, every post tends to be occupied by an employee who is incompetent to carry out its duties,” noted Laurence J. Peter, the educator behind this famous work. His theory postulates that most competent people are promoted until they reach a […]
7 Strategies to Improve Your Employees’ Health and Well-Being
At a time when worker burnout and turnover is a major problem, companies can reduce both by redesigning work in ways that promote employee well-being and health. A review of research on the specific work conditions that affect employee well-being and how to improve them generated seven practical approaches that employers can apply to redesigning […]
Every Leader Has Flaws. Don’t Let Yours Derail Your Strategy.
The effects of a leader’s personality on an organization’s culture have been long understood. But some personality flaws have a disproportionately negative impact on the quality and execution of strategic choices — in particular, where to focus, how to compete, and what to build (and discard). It might be excitement or fear that reduces their […]
Research: Informal Leadership Comes at a Cost
Encouraging up-and-coming talent to take on informal leadership of a team or project is a great way to support both employees and their entire teams, but new research suggests that these duties can also take a toll on informal leaders’ job satisfaction and energy levels. The authors conducted a series of studies with students and […]
How Business Leaders Should Weigh The Benefits Of Upskilling Their Workforce
As upskilling and reskilling are increasingly part of the workplace conversation, business leaders need to approach these programs as far more than short-term campaigns with perks to attract employees in a tight labour market. Advancing employees’ skills should be viewed through the lens of their business objectives. When leaders can see a clear return on investment (ROI) […]