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Share to Twitter Share to Linkedin The US Federal Reserve System is living in the past and undoing the future. Chairman Jerome Powell and his colleagues have wielded interest rates like a sledgehammer, hoping to crush inflation the way Paul Volcker did in the 1980s. At this point, however, each additional swing of the sledgehammer hurts our chances of a “soft landing” in 2023 and a habitable planet in 2100. The sledgehammer cannot distinguish between companies that are building a clean, sustainable economy and those that keep us hyper-distracted by devices, hyper-addicted to fossil fuels and hyper-apathetic to inequality. It cannot distinguish between the haves who can weather a recession and the have-nots who will suffer most. Moreover, the Fed’s 2% inflation target is arbitrary. It was invented offhand in 1989 by Don Bash, Governor of the Reserve Bank of New Zealand, in response to a law mandating that the country’s central bank have a target. It’s … [Read more...] about Mr. Powell, Drop The Sledgehammer And Start Innovating

Share to Twitter Share to Linkedin CEO at Embed . Passionate for business, tech development & women empowerment. Mental health is now prevalently on the radar for most organizations—and this was not the case some years ago. The American Psychological Association’s 2022 survey found that 71% of workers believe that employers are now more concerned about their mental health than in the past. I often wonder if this is one of the silver linings of Covid, in addition to having the opportunity to work from home, which also raised new issues relating to mental health and the balance between work and home. According to a brief by the World Health Organization, anxiety and depression’s global prevalence increased by 25% in the first year of the Covid-19 pandemic. The lines were always blurred for us in senior roles in organizations, where gaining that ideal balance between work and home life is a race most are not winning. Prior to Covid, I worked … [Read more...] about Corporate Mental Health Programs: The Future Of Work And Well-Being

Share to Twitter Share to Linkedin Some business leaders still believe imposed pressure, iron-fisted leadership and punitive criticism build the organization and the company’s bottom line. Plus, they think if leaders require employees to work longer and harder, the business gets a bigger bang for its buck. I spoke to a CEO of a major corporation who said he was glad his employees were not taking all their vacation days because it saved the company money. What he failed to see was his outdated practices don’t increase profits; they increase stress, which in turn undermines engagement and profitability; whereas, soft skills decrease stress and increase engagement and profits. The Lingering Myth Of Soft Versus Hard Skills A lingering myth links soft skills—such as compassion, trust, empathy, connection and kindfulness—with weakness and ineptness, stigmatizing them as irrelevant and less valuable than hard, technical skills. Experts say that tough business … [Read more...] about 5 Pivotal Soft Skills Essential For Success In Today’s Global Market