People who receive job offers consider two aspects of the offer:Their wage; andThe fringe benefits (non-wage compensation) they’ll receive. Rarely do people pay attention to the third factor: the potential value of the work experience and knowledge gained from skilled managers and colleagues.Imagine you are in a job that pays you $6.00/hour. A competing employer reaches out to you with an offer to work for them — they’ll pay you $12.00/hour. You surprise the competitor because you decide to stay at your current $6.00/hour job. Earning more cash seemed nice, but you were only 70% certain that it was a good move for you. Your decision seems counterintuitive at first. I argue, it’s exactly the right decision for two reasons:You decided to stay because you believe the value you receive from your $6.00/hour is worth more than the $12.00/hour offered. The non-monetary benefits, I’m not referring to fringe benefits, weight stronger than cash. For employers, it’s hard to understate the importance of hiring managers skilled at creating and developing human capital. Go a step further…Imagine measuring a manager’s performance with some type of metric like “Employee Value Growth Ratio”. EVGR equals the perceived non-monetary value created divided by the actual monetary investment in salaries. Higher EVGRs suggest that managers are effective at creating work environments that foster growth and satisfaction. After Thought:
Sean Evans interviewed Conan O’Brien on Hot Ones this week. In case you don’t know, Hot Ones is an interview show. Sean, a skilled interviewer, and guest eat super hot chicken wings and talk about everything. Conan showed up. As the show approaches the 11 o’clock number, guests are confronted with “Da Bomb.” A notoriously hot and disgusting sauce. In past interviews, people cried. Not Conan. Conan doused his wings in this sauce — guests don’t do that — and then he slathered the sauce all over his tongue — nobody in their right mind would do that. Conan then said, “are we doing this or not? This is life.” How many “doing this or not” moments do we pass up day to day out of fear?
Trust me.
I came across this piece today — from a series I had the most fun writing (click here.)Excerpt:The artist’s desire to communicate an idea and create better art is only as strong as their audience’s desire to give meaning and definition to the piece. You need your audience, readers, listeners, clients, customers to create art.
Data data everywhere, and not a drop to drink. I have that belief about data. News commentators talk about data, industry people talk about data, candidates say “I love data”. I have developed rules about data:Don’t trust, always verify. What you see is not all there is. (HT Ed Powers for that one)One person’s proof is another person’s conspiracy. People who use data because it pays, will manipulate the data because it pays. I may have mentioned that I am studying statistics — I need it for work. The more I learn about statistics, the more I don’t trust anything or anyone with any high degree of certainty (alpha = 0.05). Question everything.
Customer success practitioners talk about how to discover and capitalize on their customer’s most important ROI metrics. That most important metric is measurable, specific, and can be managed. I call that metric the customer’s “currency of ROI.” The way that a customer success practitioner must learn and deal in their customer’s “currency of ROI”, so to must a manager learn and deal in their team’s “currency of ROI.”An employee is like a customer. The way they decide to accept a job is similar to the way a consumer decides what business to buy from. The consumer has goals, dreams, hopes, and ambitions. They have a problem they want solved. They hope the product they purchased helps them solve it. Why should work be different?Managers would do well to learn the “Currency of ROI” of each of their team. A skilled manager learns how to deal in that currency. They are skilled at helping their team members see how the investment of their team and energy has grown over time. I believe in this concept so much that I coach the people leader on my team to develop and use this metric with her team. We see results.
My friend Jen told me that my brain notices every weird things — do you agree?I related to Jen that I noticed that news headlines often say:So and so spoke out against…So and so is calling for…So and so won’t say whether or not they condemn… As often as I hear these words used in news headlines, I rarely hear these words used in every day conversation. I thought to myself, what do I want to speak out against, what would I like to call for, what will I condemn?Here are my answers:I will speak out against pineapple on pizza. I would like to call for a celebration for all those people who abandoned pineapple as their favorite topping and adopted sausage, mushrooms, and onions. I will not condemn those who choose to keep pineapple as a topping. They have a right to make their mistakes.
I struggle to keep myself focused when my interests become wide and varied. I write my goals down, but then they shift.I commit myself to a book, but I lose interest.I let myself go with it, but then I’m not focused.I need to ground myself most during these moments. A hike outside always is just the thing I need. I find a hike allows the mind to settle. It gives the brain time to ponder, connect, and apply new knowledge. If there’s any habit I must start and keep, it is to commit time to convene with nature.
If you want good relationships with people, your relationship must be in balance. The feedback ratio — optimizing for improved future performance vs reinforcement of the right behaviors. Ideally 1:1.
I act the exactly the opposite of how my team expects me to act. If they expect me to get pissed, I act calm. If they expect me to be calm, I act a bit cooky — arguably, my steady state. I notice that the humans I lead act the opposite of the way I expect them to behave too. The universe, life, everything — all of that is under no obligation to make sense to us. (borrowing a line from Neil deGrasse Tyson). I have found the best way to lead is to prostrate myself before the absurdity that is life and human nature, embrace it in all its glory, and approach slightly off center.