Friday, May 2, 2014

The Daily Stat: How to Screen for Motivated Workers Who Are Drawn to Your Social Mission: Offer Low Pay

  Daily Stat - Harvard Business Review

May 02, 2014

How to Screen for Motivated Workers Who Are Drawn to Your Social Mission: Offer Low Pay


Providing employees with a social "mission" in their jobs doesn't increase their effort: In an experiment in which workers could generate donations to NGOs of their choice, people whose jobs had a mission made no more effort than purely self-interested workers, say Sebastian Fehrler of the University of Zurich and Michael Kosfeld of Goethe University Frankfurt. However, there's a subgroup of workers who choose mission-oriented jobs, and these workers tend to be more motivated. If you're a mission-driven company, you can screen for them by offering low salaries, the researchers say.

SOURCE: Pro-social missions and worker motivation: An experimental study


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Management Tip of the Day: To Improve at Work, Examine All Aspects of Your Life

  HBR Management Tip of the Day - Harvard Business Review

May 02, 2014

To Improve at Work, Examine All Aspects of Your Life


It's not an outrageous idea: devoting less time to work can ease stress and boost productivity. It can also allow you to be more engaged with your family, community, and the things you do just for you. These four-way wins – improvements at work, at home, in your community, and in your private life – take experimentation and help. Start by diagnosing your four-way view: What's important to you? Where do you focus most of your attention? Talk to the most important people in the different aspects of your life, and find out what you really need from each other. Use these answers to better align what really matters to you and what you do, and design an experiment to improve your performance in each of the four domains; for example, start an exercise program, carve out daily time for family, join a big community project, etc. And don't be afraid to ask someone to help you stay on track.

Adapted from " Reduce Stress by Pursuing Four-Way Wins" by Stew Friedman.

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View Online Version Thursday, May 1, 2014
 
 

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Thursday, May 1, 2014

The Daily Stat: Analysts' Formerly Dim View of CSR Brightens Over Time

  Daily Stat - Harvard Business Review

May 01, 2014

Analysts' Formerly Dim View of CSR Brightens Over Time


Back in the 1990s, stock analysts tended to produce pessimistic recommendations for companies with high expenditures on corporate social responsibility, but over the subsequent decade-plus, they came to view these firms optimistically, according to Ioannis Ioannou of London Business School and George Serafeim of Harvard Business School. Analysts formerly saw CSR as a detriment to profitability—something whose main purpose was to make executives feel good about themselves—but they came to view CSR as essential to corporate standing and to perceive that it may generate financial value in the long run, the authors say.

SOURCE: The Impact of Corporate Social Responsibility on Investment Recommendations


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Management Tip of the Day: Don't Let Outdated Processes Bog You Down

  HBR Management Tip of the Day - Harvard Business Review

May 01, 2014

Don’t Let Outdated Processes Bog You Down


As an organization evolves, its original master plan grows obsolete. Processes that made sense with only 10 or 20 employees become complex, inefficient, and time-consuming, as the company increases to 500 or 1,000 employees. Rebuild and simplify your processes to boost competitiveness and energize your staff with these guidelines:
  • Focus on the big picture. Cut any systemic practices that have outgrown their usefulness. Releasing people of the burden to follow dated processes will enable them to focus on their core tasks and increase productivity.
  • Drive authority down into the organization. It may have once been logical for top leaders to oversee every aspect of the business, but growth makes this difficult. Have others oversee individual areas to speed up the process.


Adapted from " Simplify Outdated Corporate Processes" by Daniel Markovitz.

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