The week@work – Davos, transition, transferable skills and a ‘profundo’ life

 

The headline of the week@work did not originate in Washington D.C., but in Davos, Switzerland: ‘Davos Elite Fret About Inequality Over Vintage Wine and Canapés’. “…globalization has reduced the bargaining power of workers, and corporations have taken advantage of it.”

In other news – January is often a month of transition, not just in government, but across all fields. Articles this week@work explored the value of being fired and finding the right ‘fit’ next time. Physicists are the new software engineers in Silicon Valley and PhDs just may be the newest entrepreneurs.

Finally, this week@work we remember Kevin Starr, who went to work every day as a historian chronicling the past of his home state, California. “I’ve always tried to write California history as American history.”

4096.jpgPeter S. Goodman covered the annual meeting of the World Economic Forum for The New York Times.

“What is striking is what generally is not discussed: bolstering the power of workers to bargain for better wages and redistributing wealth from the top to the bottom.

“That agenda is anathema to a lot of Davos men and women,” said Joseph E. Stiglitz, a Nobel laureate economist and author of numerous books on globalization and economic inequality. “More rights to bargain for workers, that’s the part where Davos man is going to get stuck. The stark reality is that globalization has reduced the bargaining power of workers, and corporations have taken advantage of it. ”

That perhaps private equity overseers should not be paid 1,000 times as much as teachers while availing themselves of tax breaks is thinking that gets little airing here.”

1e97282770fb153b749b691b25832c03.jpgFor those of us not networking with the super elite in the Swiss Alps, Julie Ma compiled a sampling of quotes from ’25 Famous Women on How Getting Fired Makes You Stronger’.

“If you don’t get fired at least once, you’re not trying hard enough. This isn’t quite true yet, but it is becoming truer. As the pace of change in business increases, the chances of having a placid career are receding. And if in this period of rapid change, you’re not making some notable mistakes along the way, you’re certainly not taking enough business and career chances.” Sallie Krawcheck, chair Ellevate

“Is it hard to say I was fired? No. I’ve said it about 20 times, and it’s not. I was in fact insistent that that be publicly clear because I was not ashamed of that. And I don’t think young women — it’s hard, I know — they should not feel stigmatized if they are fired. Especially in this economy people are fired right and left for arbitrary reasons, and there are sometimes forces beyond your control.”
Jill Abramson, author and faculty @Harvard

IMG_8148.jpgMost folks leave their life @work because of the ‘human factor’: colleagues, leadership and values. Sharon Daniels offered advice to those starting the job search.

“If you have passion and enthusiasm, you’re on your way. People want to be around people who have passion and enthusiasm, because we all gravitate toward something greater than ourselves. If you do something wholeheartedly versus halfheartedly, it’s going to have a completely different effect.”

Cade Metz reported on how transferable skills are changing the profile of some tech workers, ‘Move Over, Coders—Physicists Will Soon Rule Silicon Valley’.

“If physics and software engineering were subatomic particles, Silicon Valley has turned into the place where the fields collide…It’s not on purpose, exactly. “We didn’t go into the physics kindergarten and steal a basket of children,” says Stripe president and co-founder John Collison. “It just happened.” And it’s happening across Silicon Valley. Because structurally and technologically, the things that just about every internet company needs to do are more and more suited to the skill set of a physicist.”

Ainsley O’Connell described another experiment in skill transference, ‘Can Entrepreneurship Revive The Troubled PhD?’

“PhD students once dreamed of lifelong tenure, generous sabbaticals, and a closet full of jackets with elbow patches. Academic life, with its dusty-booked charm, ruled the day. No longer. Even in STEM fields, roughly 40% of PhDs are graduating without employment commitments. Could the solution be teaching postdocs to create their own jobs, as entrepreneurs?

In the heart of Manhattan, in a set of conference rooms on loan from Google, one radical experiment in postdoc entrepreneurship is now entering its fourth year. Called “Runway” and managed by Cornell Tech’s Jacobs Technion-Cornell Institute, the program bills itself as “part business school, part research institution, part startup incubator.” Since its founding, Runway postdocs have founded 13 companies, from an intelligent baby monitor to an urban planning analytics platform, and collectively raised $15 million in funding.”

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Finally, this week@work, we remember Kevin Starr, former California State Librarian, professor and author of an eight-volume history of his home state ‘Americans and the California Dream’.

Colleague William Deverell remembered the historian and author as ‘A Golden State Champion’.

“I knew Kevin Starr only as profundo. He was big, his voice was big, his persona was big, his books are big, his ideas are big, his influence is big. Some, and only some, of this has now been silenced by his death Saturday. Kevin’s outsize impact and his sheer significance to both our regional and our national culture, will continue long hence. Death has robbed us of the most important guide we have ever had to our state’s history and culture, our ingenious interpreter of the elusive and many meanings of the California Dream over several centuries.”

 

 

 

 

The week@work – Davos, Sundance, transparency and the benefits of procrastination

This week@work world leaders and policy gurus headed to Davos, Switzerland for the annual World Economic Forum, actors and directors arrived in Park City, Utah for the Sundance Film Festival and the rest of us enjoyed a snow day without the airfare. Transparency was suggested as a way to close the pay gap and provide a fair balloting process for the Oscars. And finally, for you procrastinators, research finds your approach to problem solving is more creative.

Of all the tweets emanating from the World Economic Forum, the most stunning came from Sharan Burrow, participating on ‘The New Climate and Development Imperative’ panel. Ms. Burrow is General Secretary of the International Trade Union Confederation. In discussing the drivers of action for development and climate targets she stated, “For workers, there are no jobs on a dead planet.” If that doesn’t bring home the reality of climate change to each global citizen, I’m not sure what will.

One of the ten major global challenges identified by the WEF poses the question, What does the world of work look like today and what will it look like in the future?

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“The scale of the employment challenge is vast. The International Labour Organization estimates that more than 61 million jobs have been lost since the start of the global economic crisis in 2008, leaving more than 200 million people unemployed globally.

Nearly 500 million new jobs will need to be created by 2020 to provide opportunities to those currently unemployed and to the young people who are projected to join the workforce over the next few years.

At the same time, many industries are facing difficulty hiring qualified staff. One 2015 survey found that, globally, 38% of all employers are reporting difficulty filling jobs, a two-percentage point rise from 2014.

Put simply, we need jobs for the hundreds of millions of unemployed people around the world, and we need the skilled employees that businesses are struggling to find.”

Two additional perspectives of the Davos conference were provided by Alexandra Stevenson for The New York Times, ‘Glass Ceilings at Davos, Now on the Agenda’, and Anne Marie Slaughter‘s ‘A Tale of Two Feminisms at Davos’.

Several time zones west, the Sundance Film Festival began its ten day run in Park City, Utah. Since 1978, it has been the place for independent film makers to show their dramatic and documentary films. A number of these films eventually became Oscar nominees, which brings us to a conversation on transparency.

For the past two weeks, since the announcement of the Academy Awards, the major recognition for those who work in film, the conversation has centered on the lack of progress in diversifying the industry and its major export, films. How many of us even knew how the voting was done as we mindlessly watch red carpet arrivals and comment on fashion, performances and our bets to win?

Glenn Whipp of the LA Times shared ‘Here’s How Oscar Voting Is Done’.

“Who nominates the actors for the Oscars? And how does the voting process work? Here’s a step-by-step primer:

The Motion Picture Academy of Arts and Sciences has 6,261 voting members. The entire body votes for best picture.

Nominations for most of the remaining categories are determined by the balloting of the academy’s various branches. A committee selects the foreign-language film nominees.”

The full article, though short, will definitely make your hair hurt, and prompt the question, why the delay in reform?

Film mogul, actor and producer, Tyler Perry offered his solution “If the Academy – I think all this would go away if they revealed the votes,” Perry said. “If you look at a movie like ‘Straight Outta Compton’ right and just say it got 1,000 votes and ‘The Revenant’ got 1, 001 votes, is that racism or is it just this is the way the votes went?”

We might all benefit from transparency and a clear set of rules beyond the intersection of Hollywood and Vine. Claire Cain Miller proposes we “publish everyone’s pay” as one answer to ‘What We Can Do to Close the Pay Gap’.

“When the comedian Ricky Gervais joked that he was paid the same to host the Golden Globes as the actresses Tina Fey and Amy Poehler — combined — his barbed humor most likely resonated in many workplaces.

When employers publish people’s salaries, the pay gap shrinks.

Jake Rosenfeld, a sociologist at Washington University, has found that salary transparency raises wages, in part by lending legitimacy to employees’ arguments in wage bargaining. “Even being cognizant of gender pay disparity being an issue can change norms,” he said.

That has been true in the public sector, where disclosing pay information is often required. Alexandre Mas, an economist at Princeton, studied the effects of a 2010 California law that required cities to publish municipal salaries. It prompted pay cuts, but only among men.

Women might have been spurred to negotiate after seeing that their salaries were lower, he theorized, or cities might have made salaries more equitable to avoid lawsuits.”

Bottom line, there are a lot of global and domestic problems to be solved and they require serious thought, teamwork and creativity.

Wharton professor Adam Grant shared the benefits of re-thinking his pre-crastination habit in ‘Why I Taught Myself to Procrastinate’, and found “..while procrastination is a vice for productivity, I’ve learned — against my natural inclinations — that it’s a virtue for creativity. It turns out postponement can encourage divergent thinking.

A few years ago, though, one of my most creative students, Jihae Shin, questioned my expeditious habits. She told me her most original ideas came to her after she procrastinated. I challenged her to prove it. She got access to a couple of companies, surveyed people on how often they procrastinated, and asked their supervisors to rate their creativity. Procrastinators earned significantly higher creativity scores than pre-crastinators like me.”