Latest in WB Recommended Reading

The Psychology of Money by Morgan Housel

Run out and buy this now. Make your children read it when they turn 15. Housel teaches us that how we behave, not what we know or think, drives our success with stories and practical realities. I a learning what “enough” means regarding my business, which is why I picked up this book, but I came away with a new perspective on how I behave with money in all areas of my life.

Takeaways:

1.    “Controlling your time is the highest dividend money pays.”

2.    “Manage your money in a way that helps you sleep at night. “

3.    “Saving money is the gap between your ego and your income.”

7 Mistakes Organizations Make That Cause Good Workers to Quit by Harvey Deutschendorf

These 7 mistakes slowly eat away an employees’ morale, affinity, and happiness. The majority of the 7 involve a failure to recognize and treat employees as unique individuals leading to dissatisfaction. Of course, employees don’t quit immediately. It starts with irritation, grows to disgust, and eventually they find themselves sitting in their car in the office parking lot thinking of ways to avoid going in.

Takeaway: All 7 of the mistakes are totally avoidable and pretty easy to fix.

How to Keep Your Best Performing Employees After Disruptive Change by Rachel Callan

I am big fan of Humu. This article from December 2022 is a timely piece given ongoing layoffs and negative forecasting.

Takeaway: Practical guide to conducting stay interviews.

Why the Wrong People are Promoted to Management and How to Change It by Puneet Sandhu

A reminder that not everyone wants to lead and that is okay. We must create a healthy leadership culture then be intentional about finding those with the interest and competency to lead.

Takeaway: “Coach and train people on what good management looks like. This has been an ongoing ask from American workers, 57% of whom think their managers could do with more training on people management.”