Wednesday, November 2, 2011

Don't Send That Email. Pick up the Phone! - Anthony Tjan - Harvard Business Review

HBR Blog Network

Anthony K. Tjan - Anthony Tjan is CEO, Managing Partner and Founder of the venture capital firm Cue Ball and vice chairman of the advisory firm Parthenon.

12:30 PM Tuesday November 1, 2011 | Comments ( 44)

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Around this time last year, I wrote about how we need to get back to allowing conversation to occur without texting, emailing, browsing, Tweeting, Facebooking, or doing whatever else zeros and ones can do these days on smart phones, iPads, notebooks, etc. I am as guilty as the next person of falling for the perception that any response latency is unacceptable. As 2012 fast approaches, this needs to go on top of my New Year's resolution list: focus on the live conversations at hand, rather than parallel conversations on the Blackberry screen.

But the bigger need is just for more live conversations to occur, period. This is especially true when people are trying to resolve a conflict or communicate an important business decision. There is a rising and unproductive trend towards people trying to do digital conflict resolution. The de facto path for issue resolution seems to be increasingly via email. More accurately, email has become a convenient mechanism for issue-avoidance. It is easier, quicker, less stressful, and less confrontational to have critical or challenging issues sent over email versus a live one-on-one with a counterpart.

Like many readers, I have experienced too many unproductive strings of back-and-forth emails or texts that should have stopped in round two, but continue. The problems with trying to resolve sensitive matters over email or text are quite obvious:

1. It is hard to get the EQ (emotional intelligence) right in email. The biggest drawback and danger with email is that the tone and context are easy to misread. In a live conversation, how one says something, with modulations and intonations, is as important as what they are saying. With email it is hard to get the feelings behind the words.

2. Email and text often promote reactive responses, as opposed to progress and action to move forward. Going back to the zero latency expectation in digital communications, it is hard for people to pause and think about what they should say. One of my colleagues suggests not reacting to any incendiary message until you have at least had a night to sleep on it, and always trying to take the higher ground over email. While by definition reactive responses occur in live discourse, they are usually more productive. The irony is that while email, as an asynchronous channel, has the potential to be more thoughtful, it often promotes the opposite tendency to be immediately reactive. Why? Because the bark is almost always bigger than the bite behind remote digital shields.

3. Email prolongs debate. Because of the two reasons above, I have seen too many debates continue well beyond the point of usefulness. Worse, I have experienced situations which start relatively benignly over email, only to escalate because intentions and interests are easily misunderstood online. When I ask people if they have called or asked to meet the counterpart to try and reach a resolution, there is usually a pause, then a sad answer of "no."

Email is one of the greatest productivity contributors of the past two decades, and social communication platforms such as Twitter and Facebook have fundamentally changed and positively enriched the means and reach with which we are able to interact. Yet we have to recognize when such digital channels cannot substitute for a live conversation. Email and social networking modes of communications have created a generation of casually convenient new connections, and even helped us deepen existing relationships, but they can rarely replace the real world. As digital communication accelerates the pace at which people form and broaden relationships, it is also decreasing the rate at which people are willing to resolve issues professionally and directly in-person. The next time you experience an issue over email, ask yourself if it is something that would be better served by a real conversation. Then have the courage to stop emailing and pick up the phone. Or even better: have a meeting.


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Tuesday, November 1, 2011

Employers Plan for Lean 2012 Pay Increases - WorldatWork

WorldatWork Newsline


Oct. 20, 2011 — Workers can expect modest pay raises, averaging 2.8% next year compared to 2.7% in 2011 and 2.9% in 2010, according to a survey released by Buck Consultants.

The survey, "Compensation Planning for 2012," also found that pay-for-performance remains as crucial as ever, given the importance of effectively allocating budgets to retain top performers. 80% of respondents have a pay-for-performance philosophy, although this is down from 87% last year.

"Our research into pay practices reveals that most employers plan to hold the line similar to 2011," said Stephen Mork, principal at Buck Consultants. "Given the slow economic recovery and stubborn unemployment rate, organizations are taking a cautious and conservative approach to compensation planning to stay within their payroll budgets."

Key findings:
  • Average promotion increases range from 5.7% (for C-suite employees) to 7.3% (for the vice-president level).
  • The most prevalent type of short-term incentive pay is a companywide plan with an individual performance component. These bonuses are relatively unchanged from last year.
  • A blend of stock options and full-value awards (time- and performance-based restricted stocks) remain the most prevalent long-term incentive awards for C-suite employees. Broad-based employee groups are most likely to participate in time-based restricted stock plans.
  • Organizations' top talent-related priorities for 2012 are retention (62%) and engagement (56%).
  • Actions for retaining top performers include:

    • New career development opportunities (64%)
    • Market pay adjustments (43%)
    • Larger base pay increases (30%)
    • Increased non-cash recognition (28%)
    • Larger bonus opportunities (21%).
  • 52% of organizations offer a hiring or retention bonus to employees with specialized industry or product knowledge.
  • Referral bonuses are offered by 56% of employers. More than three-quarters (77%) of respondents who provide these bonuses cite a better chance of getting a strong performer.
  • 73% of respondents communicate their pay increase budgets with managers and employees.
Buck Consultants completed its survey in August. The survey includes responses from more than 280 employers, representing virtually every sector of the U.S. economy. It examines competitive compensation strategies, metrics for monitoring labor costs, and the use of technology to support compensation program administration.
Contents © 2011 WorldatWork. For more information, contact the Copyright Department at WorldatWork.

A Sister’s Eulogy for Steve Jobs - NYTimes.com

A Sister’s Eulogy for Steve Jobs - NYTimes.com

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