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

We Know Female CEOs Get Paid More, But We Don’t Know Why

Last spring Equilar, an executive compensation firm, released a headline-grabbing study on gender and CEO pay. In a survey of 341 S&P 500 companies, it found that the 17 female chief executives in the group made nearly $8 million more on average than their 324 male counterparts. Some in the media responded with shock and excitement (Fortune called it, for… Continue reading

How to Keep Your Team Focused and Productive During Uncertain Times

Uncertainty is uncomfortable for everyone. Whether it’s political turmoil or a reorganization at your company, employees who are concerned about their future are likely to be distracted and unproductive. What should a manager do? How can you keep people focused while also helping them cope with the feelings that change and ambiguity bring up? What the Experts Say Most of… Continue reading