Good overview centered on people development. Effective leaders demonstrate and use these skills to drive employee performance and engagement.
nathanwood.consulting/2017/12/04/the-differences-between-training-coaching-and-mentoring/
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“Poverty is hereditary – it comes from your children.”
Comedian Phyllis Diller may have been joking when she said that, but anyone who is raising a child today knows that there’s nothing inexpensive about having kids. In fact, according to a report from the U.S. Department of Agriculture, “it will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years.”
If that doesn’t shock you, consider an even more eye-opening fact: that figure doesn’t include one of the most expensive costs for parents – financing a college education. According to The College Board, an “in-state public college for the 2013–2014 academic year averaged $22,826 while a private college averaged $44,750.” In the last 30 years, college costs have quadrupled.
A shared burden
The burden of financing college education isn’t just falling on parents; today’s students are amassing significant debt. As the infographic below shows, the average student graduates with nearly $25,000 in debt, giving them an uphill climb on the road to financial success. The burden of this debt may be why they delay getting married and purchasing homes.
So how can parents help their children finance the costs of college and fill the gap where Financial Aid and other student loans leave off? One popular solution is actually close to home — home equity credit. With home equity, parents can borrow off the equity in their homes to pay for college costs, and take advantage of some very significant benefits, including:
Here to Help.
At DNB First, we have competitive home equity options, including a special rate on a home equity line. Stop by or call us today to learn more. Of course, as with any financial decision, it’s important to carefully weigh your options. After all, college is one of the biggest investments you will make as a parent, so you’d better do your homework.
Created by: TakeLessons
Statistics show that 78% of business leaders rate employee retention and engagement as critical or important to the success of their business. Organizations are looking for new and different ways to understand and improve employee or team member engagement. Effective and meaningful, active employee engagement is truly a competitive differentiator for the high performing business.
Active employee engagement goes far behind an annual survey facilitated by human resources that companies use as a measurement for employee morale. It speaks to the culture an organization fosters, and its willingness to make the right investments within the environment benefitting much-loved employees. In a recent study by Deloitte, three key areas of strategic focus on employee engagement were identified: Lead and Develop, Attract and Engage, Transform and Reinvent. These three priorities go far beyond a typical survey “temperature check” followed by an executive summary turned into an action plan – many companies still call that an engagement program. Its en excellent study with rock solid conclusions and some pretty interesting tools and resources.
In past decades, Gallup and other leadership organizations have led the way around the concept of employee engagement program surveys. Employee engagement has in reality, been a topic companies have considered since the industrial revolution. These concepts were essentially rooted in the late 1800’s by an industrial engineer Frederick Taylor who was looking for ways to improve industrial efficiency. In his book “The Principles of Scientific Management” Taylor theorizes that four principles of scientific management center around the engagement of employees and how their attitude impacted productivity in the steel industry. It was ground breaking work for its time – but that was over 100 years ago!
Developing, enhancing and maintaining a high performing work environment is truly a complex issue to tackle. It blends an organization’s mission and values with its people, culture and performance. Once people join an organization, companies must continuously improve, redesigning and developing the work environment to make it more enjoyable and rewarding, making the employees happier and more productive. In today’s environment, companies need to update the way they look to engage employees. With the influx of younger workers and the proliferation of technology, organizations need to change the way they think about engagement making the workplace environment more flexible, modern, humane and enjoyable. Organizations must build an environment that is fun, meaningful, stimulating and rewarding to attract and retain high performing employees in today’s workforce.
Forward thinking companies truly understand the critical need to go beyond traditional engagement survey programs to create more productive and successful work environments. They design jobs, change the work environment, add benefits, invest in people and develop managers. New employees hired into these organizations are screened for culture and job fit to ensure success. Effective hiring, on-boarding, training and development programs have never been so important.
Josh Bersin Principal and Founder of Bersin by Deloitte was recently quoted in a recent study published by Forbes magazine stating, “Let’s change our thinking and move beyond the concept of engagement. If we really achieve the goal of making organizations “irresistible”, we can make work fun, meaningful and enriching for everyone.”
EVP, Chief Banking Officer
DNB First, Banking since 1860
John Wooden: basketball player, coach, author and legend. Known as the “Wizard of Westwood” Wooden is probably best known as the Head Coach of UCLA’S Basketball team where he won 10 NCAA championships and was named National Coach of the Year six times.
A few years ago, this YouTube video was shared with me for the very first time. It had quite an impact on me back then, just as it does today.
Take the time to watch this short 3 minute video – it could change your perspective on how we perceive others.
Be a leader in your community and in life – take the time to understand the story of the people you interact with.
Vince Liuzzi – Executive Leader
And don’t be afraid to fail.
The most effective executive leaders understand that future success depends on hiring the most talented individuals possible. Considering the impressive array of new technologies available to help companies as they expand, some leaders may begin to put less emphasis on recruiting top talent. This mindset, however, proves extremely limiting. When a mediocre employee interacts with advanced technology, the result is still mediocre work. In today’s competitive market, forgiveness margins for mediocrity have dwindled.
Continue reading “Essential Executive Leadership Skills – Recognizing Talent”
“If you don’t know why you do something, people won’t have anything to follow”
A great video that breaks down leadership and the action it can inspire:
Recently, I read an article written by the CEO of Linkedin about a management tool that provides the highest return on investment, and is a proven driver of workplace productivity.
What was that tool you say? “GRATITUDE”. Yes, gratitude… How simple – authentic and genuine gratitude was named as the most effective management tool providing the most significant return.
I’ve always believed that happy, and engaged team members are more productive, provide better service and generate more revenue for the organization. It seems so natural that gratitude should be named as a motivator and driver of outstanding leadership in breakthrough performance.
So in this season of thanks and appreciation, it is very appropriate to leverage this great tool and give thanks for our many blessings at home, out in the community, and also to those we spend so much time with at work. When you see it, say it! Share your thanks and appreciation. The next time someone compliments you on a job well done, try grounding yourself from the feet up, look the person straight in the eye, and let them know how much it means to you.
That’s an outstanding return on an important investment.
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