Category: Industry News

Posted on

News You Can Use: 7/18/2018

Finding Happy: Joey Lombardi: The Source

  • Is insurance a rich enough game to disrupt?

    Tech innovation has long been a challenge for insurance incumbents. Old systems are difficult to displace in any industry, but the complexity of insurance, tradition of relying on the past to predict the future and silos of data can make it a Herculean effort. Tech giants, on the other hand, regularly cannibalize their own revenue with new products and can enlist tens of thousands of engineers to develop fantastic digital customer experiences and bring large-scale efficiencies to back-end insurance systems through better software and AI.

    So, yes, FAAMG has a number of major advantages over insurance incumbents. But for tech giants, new verticals and initiatives are also longer-term decisions around margins and market scope. It’s an obvious point, but if FAAMG wants to jump into insurance, they’ll want a decent return. Can they find that in insurance?

    https://techcrunch.com/2018/07/10/is-insurance-a-rich-enough-game-to-disrupt/

  • How to handle the job-search process when you just got fired

    Instead, go with something like, “For three years, my role involved analyzing market opportunities and then making recommendations to our product teams on potential new products and product enhancements. We worked incredibly well together and launched some amazing innovations. The firm recently reorganized and shifted leadership. My role was redefined, and much of the analysis work that I love was removed from my job. While I realized some key wins as my role shifted, the primary focus of the position was no longer centered on the things I do best, like [insert things you do well and know this company is seeking].”

    https://www.fastcompany.com/90199718/how-to-handle-the-job-search-process-when-you-just-got-fired

  • Being happy has nothing to do with money (or drugs)
  • Why Corporate America is recruiting high schoolers

    Since 2011, more than 400 companies have partnered with 79 public high schools across the country to offer a six-year program called P-Tech. Students can enroll for grades 9 to 14 and earn both a high school and an associate’s degree in a science, tech, engineering or math related field.

    The companies offer input on the curriculum, bring students on site, pair them with employee mentors, and offer paid internships, or some combination of the above.

    “There’s a war for talent across all our competitors. We know we’re going to need a lot of different pathways to bring talent in,” said Jennifer Ryan Crozier, president of the IBM Foundation.

    https://www.clickorlando.com/education/why-corporate-america-is-recruiting-high-schoolers

  • Yes, open office plans are the worst

    In the study, researchers followed two anonymous Fortune 500 companies during their transitions between a traditional office space to an open plan environment and used a sensor called a “sociometric badge” (think company ID on a lanyard) to record detailed information about the kind of interactions employees had in both spaces. The study collected information in two stages; first for several weeks before the renovation and the second for several weeks after.

    While the concept behind open office spaces is to drive informal interaction and collaboration among employees, the study found that for both groups of employees monitored (52 for one company and 100 for the other company) face-to-face interactions dropped, the number of emails sent increased between 20 and 50 percent and company executives reported a qualitative drop in productivity.

    https://techcrunch.com/2018/07/13/yes-open-office-plans-are-the-worst/?sr_share=facebook&utm_source=tcfbpage

Photo by Maxim Medvedev on Unsplash

Posted on

News You Can Use: 7/11/2018

The Source: Work Smart? Joey Lombardi

  • ‘Work Smart, Not Hard’ Is a Lie: Why Smart Is Nice But It’s Hard that Matters

    High performers typically work more hours than average performers. Simple logic explains why. If two equally skilled and motivated people engage in an activity and one person spends 25 percent more time on it, that person will produce more results, on average. The additional time they invest at work creates a virtuous cycle. More work means more learning has occurred, so that person becomes more capable and potentially a better contributor in the future. Her higher performance from her additional hours becomes known in the organization, so she receives additional opportunities to show her skills. She might get more exposure to senior leaders who can serve as sponsors or mentors. Her success isn’t guaranteed because she’s put in more hours, but she will be more likely to succeed than those who work fewer hours.

    https://www.entrepreneur.com/article/315381

  • It’s official: No one cares about your “cool” office perks

    Those funky perks employers tout as supposed emblems of a great work culture are actually empty totems that employees don’t really care about.

    “One of the top factors most likely to keep professionals at their company for 5+ years,” LinkedIn researchers write in a summary of the findings shared this morning with Fast Company, “is having strong workplace benefits such as PTO, parental leave, and health insurance (44%). In comparison, the least enticing factor for keeping professionals at their current companies is having in-office perks such as food, game rooms, and gyms (19%).”

    https://www.fastcompany.com/40589970/its-official-no-one-cares-about-your-cool-office-perks

  • Uber ruined their careers. Should it pay a price?
  • Higher testosterone levels are apparently driving men to luxury goods

    A new study published this week by a collaboration of very serious academic institutions has come up with a finding that’s equal parts trivial and amusing: higher testosterone levels in men have been shown to stimulate a higher preference for luxury or status symbol goods. Authored by researchers at Caltech, the Wharton School, INSEAD, ZRT Laboratory, and the Sorbonne University, the study suggests there’s a measurable causal relationship between the hormone testosterone and a person’s desire for higher-status brands and goods.

    https://www.theverge.com/2018/7/4/17534124/caltech-testosterone-luxury-status-symbols-study-report

  • When diversity training backfires

    “While the capacity for white people to sustain challenges to our racial positions is limited — and, in this way, fragile — the effects of our responses are not fragile at all; they are quite powerful, because they take advantage of historical and institutional power and control. We wield this power and control in whatever way is most useful in the moment to protect our positions. If we need to cry so that all the resources rush back to us and attention is diverted away from a discussion of our racism, then we will cry (a strategy most commonly employed by white middle-class women). If we need to take umbrage and respond with righteous outrage, then we will take umbrage. If we need to argue, minimize, explain, play devil’s advocate, pout, tune out, or withdraw to stop the challenge, then we will.”

    https://www.cio.com/article/3286623/it-industry/when-diversity-training-backfires.html

Photo by Carl Heyerdahl on Unsplash

Posted on

News You Can Use: 6/27/2018

The Source: Joey Lombardi: Job Interview

  • What if we killed the job interview?

    In addition to the information interviews should provide but don’t, there’s also a great deal of information they shouldn’t provide but do. The latter isn’t just “noisy” data in the sense of not improving predictiveness–it’s actually toxic, focusing interviewers’ attention on problematic traits. For example, it’s all but impossible to ignore (and make biased, misguided assumptions about) a candidate’s gender, age, race, appearance, or social class, even when the most conscientious recruiter or hiring manager strives to prevent these factors from influencing her decision making. In fact, the more we try to ignore these qualities, the more present they’ll be in our minds.

    https://www.fastcompany.com/40579524/what-if-we-killed-the-job-interview

  • You gave your notice, and your boss gives a counteroffer. Now what?

    Ultimately, only you can decide whether you should stay or go when you’re presented with a counteroffer. However, many experts are quick to warn job seekers that accepting a counteroffer can be complex.

    First and foremost, you’ve already demonstrated to your existing employer that you’re on the lookout for greener pastures. The fact that you were strongly considering leaving could deem you as a flight risk. And, as terrifying as it sounds, there’s no guaranteeing that your employer didn’t just counteroffer to buy themselves some time to find your replacement.

    https://www.fastcompany.com/40580163/you-gave-your-notice-and-your-boss-gives-a-counteroffer-now-what

  • How women and men approach money differently
  • Europe’s New Copyright Rules Will Be Devastating to the Internet as We Know It

    The EU proposal in question is an attempt to shore up existing problems with EU copyright law. But the poorly crafted nature of the effort could have a profoundly negative impact on everything from your ability to share hot memes to the survival of new startups.

    For example, Article 13 of the plan declares that any website that lets users upload text, sounds, images, code, or other copyrighted works for public consumption will need to employ automated systems that filter these submissions against a database of copyrighted works.

    Such automated internet filters (whether policing speech, porn, or copyrighted material) not only routinely don’t work very well, they tend to result in rampant collateral damage as legitimate content gets caught in the poorly-crafted automated dragnet.

    https://motherboard.vice.com/en_us/article/a3aa5b/europes-new-copyright-rules-will-be-devastating-to-the-internet-as-we-know-it

  • Yes, your employer is probably monitoring your Slack or email activity

    The survey was conducted by Alfresco, a digital business platform, which received responses from 307 IT professionals who work at U.S. and U.K. companies with over 500 employees. The results are both illuminating and alarming. They say that 98% of companies monitor their employees’ digital activity, while 11% of employees aren’t aware that their company captures digital activity at all.

    https://www.fastcompany.com/40583634/yes-your-employer-is-probably-monitoring-your-slack-or-email-activity

Photo by rawpixel on Unsplash

Posted on

News You Can Use: 6/20/2018

  • The Age of Tech Superheroes Must End

    Among these companies and their precursors, there are examples of smart founders who were able to use their power to help their companies grow sustainably. But they tend to be the exceptions that prove the rule. “Once a trend starts, then all founders want it, but I can count on three fingers the founders that should be in complete control of their companies with no governance or oversight,” says Sarah Cone, founder of venture capital firm Social Impact Capital.

    Fortunately, the trend isn’t really catching on outside of Silicon Valley. In 2017, just 14% of companies went public with permanently unequal voting structures, according to data from the Council of Institutional Investors.

    There are legitimate reasons—from the founder’s, if not necessarily the investor’s, perspective—why founders would want more control. Many serial entrepreneurs have had the experience of being pushed out of a previous company or forced to sell earlier than they would have liked. And for decades leading up to the previous tech-stock bubble, says Mr. Kedrosky, VCs had much more power than founders and were not afraid to use it. Even first-time founders have heard these stories, he adds.

    https://www.wsj.com/articles/the-age-of-tech-superheroes-must-end-1528387420?ns=prod/accounts-wsj

  • Young Workers No Longer Get the On-the-Job Training They Need — So They’re Finding It Elsewhere

    According to Peter Capelli, director of The Wharton School’s Center for Human Resources, companies want workers they don’t have to educate, and his research has found that employers don’t train young workers like they used to.

    In 1979, per Capelli, the average young worker received 2.5 weeks of training per year. By 1995, training time fell to just 11 hours.

    More recent comparable data has been hard to find, says Capelli, but the Wharton professor says that by 2011 “only a fifth of employees reported receiving on-the-job training from their employers over the past five years.”

    Also:

    Since 2011, when Massive Open Online Courses, or MOOCs, began to gain public attention, their popularity has grown exponentially. Last year, by one estimate, 23 million people signed up to take their first MOOC. All told, since 2011, more than 800 universities have offered over 9,000 courses to 81 million registered users, according to the same report.

    https://www.entrepreneur.com/article/314468

  • Does your job match your personality?
  • Good News for Hustlers: Being Busy Could Actually Be Good for You

    The researchers conducted a series of eight experiments and had the participants establish the ways that they were busy, by doing things such as asking them to write down the reasons why they had such a packed schedule, or telling the undergraduates involved in the study that data found they were busier than the students at neighboring schools.

    The study looked at the ways that this feeling of busyness affected how the students made decisions about the foods they ate, whether they opted to exercise or relax and whether they chose to save money for retirement versus spending it. The researchers found that when people were influenced to see themselves as busy, it boosted their ability to have self-control.

    https://www.entrepreneur.com/article/314673

  • Skipping Your Lunch Breaks? Even Your Boss Wants You to Go out for a Bite, a New Study Says.

    But, according to our research, bosses want their employees to get out for a break. So, there’s a real disconnect happening, because the vast majority (88 percent) of North American bosses in the study said they thought their employees would say they were encouraged to take a regular lunch break, but only 62 percent of employees actually felt encouraged.

    Takeaway: Just as great coaches recognize the need for their players to recuperate in order to perform their best, your boss likely knows that your break helps, rather than hinders, your work. But it does seem that not every boss is communicating that idea in the most effective way.

    https://www.entrepreneur.com/article/314467

Photo by Aziz Acharki on Unsplash

Posted on

News You Can Use: 6/13/2018

Can this guy take your picture? Joey Lombardi Presents The Source

  • Plot twist: GDPR is actually helping Google’s ad business

    In the short term, this seems to be helping Google’s ad business. Because the company is receiving user consent faster than smaller ad exchanges, it’s able to deploy more targeted ads, according to data reported by the Wall Street Journal. What’s more, Google’s DoubleClick Bid Manager has been channeling advertisers to its own exchanges as a way to ensure it is adhering to the new regulations. Smaller exchanges are still scrambling to gain consent, and Google is being very rigorous about confirming which companies are adequately complying with the new rules.

    https://www.fastcompany.com/40579534/plot-twist-gdpr-is-actually-helping-googles-ad-business

  • How Bad is GDPR for Photographers?

    If you’re a photo enthusiast, then things get tricky.

    See, the GDPR sees photography as something even the first Terminator could do: processing personal data. Yes, your dreamy picture of that girl in the sunflower field is the “collection and sharing of personal data” in the eyes of a data protection officer. Many things in a photo are personal data: her face, the location, the time and date, and everything that is tied to her identity.

    The legal consequence: you need to provide some kind of justification to take that picture and to put it on your hard disk or — god forbid — to share it on Instagram. If you’re a pro, you have a model release. If you’re just a friend, it’s out of the scope of the GDPR (again, “personal or household activity”). But an enthusiast sits uncomfortably in the middle.

    https://petapixel.com/2018/05/30/how-bad-is-gdpr-for-photographers/

  • “Dear Old People: Meet Today’s Teenager” | Talks at Google

    This guy is not a great speaker, but the data is interesting and compliments the last article on this post.
  • Young Chinese are sick of working long hours

    “In my experience young people, especially the post-90s generation, are reluctant to work overtime – they are more self-centered,” says labour rights expert Li Jupeng, one of many who have observed some millennials challenging the 996 concept.

    The relative affluence of their parents and grandparents is part of the reason. China’s rapid economic transformation has given rise to a sizeable middle class, with almost 70% of the country’s urban population making between $9,000 and $34,000 annually in 2012. In 2000, that figure was just 4%.

    As only children, millennials are receiving a lot of support from their families – including a financial safety net should their careers not go as planned.

    http://www.bbc.com/capital/story/20180508-young-chinese-are-sick-of-working-overtime

  • Teens Are Increasingly Ditching Facebook. Here’s How Entrepreneurs Should Respond.

    In just three years, the percentage of teens using Facebook dropped 20 percent, reaching 51 percent in 2018. And though Facebook was the most-used online platform for teens in the Pew Research Center’s 2014-2015 survey, it’s now lagging behind. Three other social media platforms now lead the way for individuals ages 13 to 17: YouTube (85 percent), Instagram (72 percent) and Snapchat (69 percent). (It’s worth noting that YouTube wasn’t a response option in the previous survey, and it’s now snagged the top spot.)

    In the same three years, the percentage of teens reporting they use the internet “almost constantly” has nearly doubled, reaching 45 percent in 2018. In fact, about nine in 10 teens go online multiple times per day. One driving factor here is the growing universality of smartphones, as 95 percent of teens currently have or have access to one.

    https://www.entrepreneur.com/article/314380

Photo by Cameron Kirby on Unsplash