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

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 genderageraceappearance, 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

News You Can Use: 5/30/2018

  • Why We Gave Up a Star Employee to a Top Customer, and Why You Should, Too

    For us, encouraging our former COO to take on a major role at a customer company has accomplished just that. “Close business relationships are more important than ever, and my moving from intive-FDV to DropCar has, if anything, made our relationship stronger,” said Leandro Larroulet, who is now that company’s CIO. “Because I still work with the same team in the same office at intive-FDV, we can all leverage our established relationships to easily communicate based on an underlying trust from years working together.”

    Even if the employee who makes the move doesn’t stay in the same office, the two companies involved can still build a similar level of trust and provide exceptional customer experience. Though most of our clients are based in other countries, we continue to be able to cement relationships by making communication a matter of culture and habit. The same practices apply to the case of an employee leaving to work with a customer.

    https://www.entrepreneur.com/article/313637

  • Is Remote Work Taking a Psychological Toll on Your External Workers? Researchers Say Yes.

    Concerns about remote work are why a country like France has passed a “right to disconnect” provision to keep work at work. And while a similar provision was recently introduced in New York, it may be a long time before other cities — let alone the nation — embrace this kind of thinking.

    So, where does this leave employers in the United States? Companies can’t just tell their employees “We know what’s best for you,” and revoke remote work policies. That could upset employees by removing flexibility, while also decreasing productivity.

    The best compromise may be to add flexible policies, rather than remove them. To avoid the issues of isolation, companies can require employees to work in-office two or three times per month or per quarter.

    https://www.entrepreneur.com/article/313496

  • Has our ability to create intelligence outpaced our wisdom?
  • Report: Demand for these skills will rise dramatically by 2030
    1. Demand for technological skills, both basic digital and advanced tech, will rise by 55%
    2. Demand for social and emotional skills, such as leadership and managing others, will rise by 24%
    3. Demand for basic cognitive skills, which include basic data input and processing, will decline by 15%
    4. Demand for physical and manual skills, which include general equipment operation, will decline by 14%

    https://www.fastcompany.com/40577234/report-demand-for-these-skills-will-rise-dramatically-by-2030

  • What’s the Secret to Becoming a Leader? Stop Being a Boss.

    Having trouble delegating? You’ll never get far in your role as a leader if you hoard the major responsibilities for yourself. Imagine you’re jogging along a path at your local park: Not only will you stumble and potentially fall if you’re carrying a lot of luggage, but you also won’t move very efficiently. Instead, evaluate which responsibilities you should continue to shoulder, and delegate the rest to other team members.

    Transitioning from being an ear-to-the-ground manager to an effective leader isn’t possible if you can’t tell others what to do and then allow them to finish the job their way. To help you feel more comfortable doing that, try providing context to your team members about how their role fits into the big picture. Remember that teammates may not take the routes you would to achieve results — and that that’s OK. If they make missteps, be a leader they can come to for suggestions rather than reprimands. Not only will you get more done, but your employees will get a boost of self-esteem and empowerment.

    https://www.entrepreneur.com/article/313388

Photo by Steve Halama on Unsplash

News You Can Use: 10/26/2016

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  • The Sobering Stats You Need to Know When Seeking Your Next Job

    Don’t be discouraged by the “one-in-100” stat. According to Lever’s breakdown, your best bet is to be referred to a new company. Referred candidates have a one-in-16 chance of getting hired. Using a third-party agency can also better your odds — those submitted by an agency have a one-in-22 chance of being placed. Whatever you do though, forget about applying through a company’s careers site: only one in 152 candidates gets hired this way.

    https://www.entrepreneur.com/article/283338
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  • Applying Deep Machine Learning to Spend Analysis

    Not only can its deep machine learning identify tail spend suppliers, company specific categories, and even individual items coded in obscure ways, but it can learn over time and adapt to different data models, especially since it can use evolving knowledge bases. Whereas the majority of first generation classifiers used naive statistical classification that could not learn and had to map to a fixed (UNSPSC) model, Spend360′s uses deep machine learning (based on LSTM and encoder/decoder technology) that maps to custom data models using extensible knowledge bases (which can be created and maintained by the organization) that can encode organization and industry specific knowledge (and negate the need for custom mappings or override rules).

    http://sourcinginnovation.com/wordpress/2016/10/14/spend360-applying-deep-machine-learning-to-spend-analysis/

  • In buyers’ market, acquirers look to lock in management teams longer

    Steve Fletcher, a managing director at the global investment bank GCA, notes that it’s “hard to say” whether it’s universally the case that management teams are getting locked into longer contracts with acquirers in this market. “I don’t think anyone has a large enough sample size to say that,” he notes. But he adds that of the deals he is seeing, there is a move to sign on incoming talent for a longer period, sometimes “three or four years as opposed to [the previous standard of] 18 to 24 months.”

    https://techcrunch.com/2016/10/06/in-buyers-market-acquirers-look-to-lock-in-management-teams-longer/?ncid=rss

  • A Reminder From Mark Zuckerberg: ‘Put People First’

    Zuckerberg explained that the way in which tech tools are structured today — as suites of apps — will not last long into the future. When a group of people is communicating or working together, they often toggle between a chat app, a video call and a shared document interface, for instance. The need to switch from one app to another doesn’t produce a seamless experience, and it makes each interface the focus, as opposed to the people working within it.

    https://www.entrepreneur.com/article/283433
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  • IT moves to open workspaces, but not everyone is happy

    What’s needed, both sides agree, is a range of workspace options that address organizational goals while still meeting employees’ needs — meaning physical space that allows for private meetings and quiet concentration in addition to community seating. Even more important: Corporate culture likewise has to value collaboration and innovation if IT organizations are to truly reap the benefits of open space.

    http://www.computerworld.com/article/3127789/it-management/it-moves-to-open-workspaces-but-not-everyone-is-happy.html

Photo: Paul Gilmore