The pandemic has caused companies to dial back business travel as they learned that video calls were just as effective when speaking with colleagues in other parts of the world. David Calhoun, a chief executive at Boeing, said while he will continue doing as much or more when it comes to customer travel to build relationships, he doesn't foresee doing nearly as much business travel to meet with team members.
Having a great collection of talent isn't a substitute for a strong culture, as the Green Bay Packers are finding out with quarterback Aaron Rodgers, who feels disrespected and unhappy with the team's decisions, writes Larry Robertson. "If your right-now version is unsettled, it's guaranteed to hasten your organization's struggles, if not its demise, when the next wave of uncertainty arrives," Robertson writes.
Entrepreneurs who hide their intentions when networking or those who haven't done enough work to support their requests for introductions may not build the relationships they want, writes Marina Glazman, founder and CEO of Suitely. "What people miss is that in every introduction, the connector is trading on their own reputation," Glazman writes.
Companies that prioritize career development are more likely to attract and retain the best talent, writes Brandon Hall Group's Claude Werder, who recommends six tactics. These include training managers to develop talent, identifying vertical and horizontal career paths and aligning career development to learning experiences and performance goals.
When the topic of closing the wage gap arises, many people think increased transparency about salaries shrinks the gap because workers know they are earning a wage that is similar to their peers. New research from Harvard Business School found salary transparency leads workers to believe there is less room to negotiate, resulting in a 2-3% reduction in earnings.
A decision from Bumble executives to close all but critical operations for a week gave employees a chance to truly disconnect and recover from burnout, says President Tariq Shaukat. "A number of people said: 'I had no idea how badly I was vacationing. Because I didn't have to constantly worry about what I was missing I could actually disconnect,'" Shaukat says.
One provision in the big infrastructure bill being negotiated in the US calls for sensors that claim to be able to detect a drunk driver via their breath or touch to become standard on all new cars within a decade. If the technology works, the safety benefits are obvious, but there are also privacy concerns.
