The Pros and Cons of Competition Among Employees

Competition between employees is an inescapable part of most people’s work lives. Whether overtly or otherwise, most companies create a dynamic in which employees compete against each other for recognition, bonuses, and promotions. After a close look at workplace policies across corporations, banks, law firms, and tech companies, the New York Times called grueling competition the defining feature of the… Continue reading

The Busier You Are, the More You Need Quiet Time

In a recent interview with Vox’s Ezra Klein, journalist and author Ta-Nehisi Coates argued that serious thinkers and writers should get off Twitter. It wasn’t a critique of the 140-character medium or even the quality of the social media discourse in the age of fake news. It was a call to get beyond the noise. For Coates, generating good ideas… Continue reading

How Managers Can Avoid Playing Favorites

It’s human nature to like some colleagues more than others. But when you’re the boss, treating direct reports differently — and especially playing favorites — is unwise and unfair. What steps can you take to make sure you don’t show anyone special treatment? What the Experts Say “When it comes to playing favorites, no matter how fair you think you’re… Continue reading

Early Lessons from India’s Demonetization Experiment

Did India just pull off a monetary and political miracle? Consider the sequence of events in its demonetization saga. In November the government made a high-risk, high-stakes economic intervention in the world’s largest democracy, with an objective to reduce corruption. Overnight, 86% of cash in circulation was voided. In a country almost 90% cash reliant, chaos ensued. As I said… Continue reading

The Real Reason the German Labor Market Is Booming

Considering how Germany anchors a European continent plagued by high unemployment and slow growth, its labor market is on fire. The number of unemployed has been halved over the past decade. With just 2.6 million people out of work, the German unemployment rate has declined to 5.9%. The country’s exports reached nearly $1.3 trillion in 2016. That’s roughly, and remarkably,… Continue reading