by CHRC | Apr 7, 2021 | Human Capital, Work Place
Once upon a time there was a farmer named Sam, growing impatient with the current drought. He thought that he had prepared for hard times; he had deepened their well to hold over 10,000,000 gallons of water. That was enough to water their fields and keep their household running. He was SURE it was deep enough to sustain his family for any crisis.
No one had ever seen blight like the one of ’20 – but it drained his well. Rain did not come for a year. Then in March, some declared the emergency over because some rain fell, and 961,000 gallons filtered into his well … but it wasn’t even one-tenth full. He needed to start using that water immediately for household use, and he doubted if it was enough to water just ONE of his fields.
961,000 jobs created in March sounds great, but when trying to make up for approximately 10,000,000 jobs lost from Feb 2020 to Feb 2021, these jobs are just a drop in the bucket. Let’s be careful about headlines that talk about growth percentages, realizing this isn’t growth from the top of the flat, smooth, fertile field—they are measuring from the bottom of the dry well.
Old Uncle Sam will go out to his fields again today, eyes raised upwards, hoping for signs of more rain to replenish his fields, and his well.
by CHRC | Mar 16, 2021 | Human Capital, Shecession, Women's History Month
It is hard to read the news right now and not encounter the word she-cession.
Given that it is Women’s History Month, one aspect of the she-cession came into focus while re-watching the movie On the Basis of Sex, a partial biography of Ruth Bader Ginsburg.
It is that woman who is highly skilled at her job—years of experience that cannot be replaced. Maybe it is someone, like Ruth Bader Ginsburg who was top of her class, has a brilliant legal mind, and cannot stand watching her own children flounder as they are not suited for online learning? Perhaps a young pharmacist whose childcare has closed? These are people who have amassed extraordinary amounts of human capital that are currently not being employed.
As sad as all of this is, the larger tragedy will be if workplaces do not establish approaches and programs to transition these workers back into the fold. A recent study done by three economists at the San Francisco Fed estimates that between the onset of Covid in February 2020 and the end of 2020, the employment rate of mothers fell by 7% and their labor participate rate fell by 4%. 1
Despite RBG never landing that big law firm job, she gained attention when she took on a court case involving a section of the tax code regarding the deductibility of caregiving expenses. It seems the issue of trying to balance work to financially support and care for those we love has been flummoxing Americans for a very long time. RBG was notorious for trying to eliminate the barriers that prevented many from contributing both at home and at work.
by CHRC | Feb 9, 2021 | Corporate Culture, Diversity, Equity, Inclusion, Human Capital, Leadership Agility, Productivity, Strategy, Work Place
By Lisa Aggarwal
Commonwealth HR Consulting is a firm composed of women who love math. So perhaps it’s not surprising that the movie Hidden Figures resonates with several of us.
We are told from a young age that we can do hard things. “Things” have certainly been hard lately. Who better to learn from than women who looked hard in the face and told it to try harder.
One of the most amazing things about this movie was that no embellishments were needed to tell the stories of these female African-American “human computers” whose work and dedication was critical to the space race. This, at a time when WHO they were (African-American and female) was an inherent obstacle to their own success…still to this day.
Instead, they were pioneers who charted their own courses. Katherine Goble Johnson became the best known of this group when she received the Presidential Medal of Honor; she calculated the trajectories of the Apollo 11 and Space Shuttle. Mary Jackson was the first female African-American engineer at NASA. Dorothy Vaughan was the first African-American supervisor at NASA … because she taught herself FORTRAN.
“Their path to advancement might look less like a straight line and more like some of the pressure distributions and orbits they plotted, but they were determined to take a seat at the table.” – Margot Lee Shetterly
How was their world altering success accomplished, against all odds? GRIT.
There are many ways to describe grit: being resilient, having a strategic mindset, continuously striving for self-development. It is a competency, or innate behavior. You can sometimes develop it, but it is usually a part of a person’s make up. Without leverage, without a voice, the heroines of Hidden Figures demonstrate so many aspects of grit, then out-prepare and then out-perform their peers. It is a muscle that they have been using their whole lives.
The easy path is rarely the most rewarding. Invest your time in someone you see has potential, or in yourself. Sometimes, in order to get some traction, you need to put some grit down on that slippery slope and see where it might take you.
by CHRC | Feb 2, 2021 | Covid-19, Future of Work, Human Capital, Inspiration, Pivoting, Productivity, Strategy
If Covid had a mascot, it would be the groundhog, at least in the United States. Various animals in different northern regions have stuck their necks out to foretell if winter is over. Every year on February 2, many cultures look for a sign that winter might end.
Recently, a podcast caught my attention; hadn’t hit start, hadn’t heard of the book, but who wouldn’t keep listening about a book called Wintering when it is January in the snowy North? The author, Katherine May, read a passage:
“Plants and animals don’t fight the winter; they don’t pretend it’s not happening and attempt to carry on living the same lives they lived in the summer. They prepare. They adapt.”
Suddenly you recall an Aesop’s fable, of the Ant and the Grasshopper. One creature is busy storing food for the cold weather, one plays in the sun and does not. You probably first heard this tale at about the age of five, and Aesop wrote, or at least recorded it, 5,000 years ago.
In her interview, the author says she feels that Covid has been one L O N G Wintering. Many of us have forgotten how to winter—how to store away preserves in our cellars for the seasons in which the harvests are not plentiful. Companies either don’t retain earnings for a rainy day or are pressured to pay them out to shareholders.
This February 2, the groundhog represents us emerging from our Covid Hibernation, looking for hope, an efficient vaccine distribution system, some semblance of normal. As we all know we will have at least six more weeks of Covid Winter, but perhaps we can resolve to prepare a bit more for our next “wintering”—whatever it may be—so that we might be more prepared, like the ant, and not have to go underground, like the groundhog.
by CHRC | Jan 12, 2021 | Corporate Culture, Diversity, Equity, Inclusion, Future of Work, Human Capital, Innovation, Leadership Agility, Strategy, Work Place
By Lisa Aggarwal
Every day, I’m amazed by the innovation I have seen since the Covid-19 pandemic began. In order to survive, virtually every company has been asked to evolve and change the trajectory of its business. Every person has made changes to their routine and how they operate on a daily basis.
For those companies whose fiscal calendar begins on January 1, the traditional annual merit cycle is upon them. The good news: organizations who are managing to thrive despite a worldwide pandemic (i.e., not the restaurant and hospitality industries) are still planning on giving their employees raises.
Yet, the annual merit increase isn’t as “traditional” as you might think. Some of you might remember the days when you received a raise on the anniversary of your hire date. One of my colleagues recounts when moving to a yearly increase was unheard of, needing at least a year of change management for employees to understand why it would be any other way—or why it even happened this way in the first place.
As CHRC has been researching how companies are coping with this year’s cycle, the overwhelming answer is: it depends. According to a recent study by the Economic Research Institute, annual salary budgets remain around 3.0%, but many companies are only implementing actual increases around 2.2%. Some of that gap may be avoided by thinking strategically. Here are some questions to consider:
- Do you need to work on an annual review cycle, or should salary reviews only be done if revenue targets are met? Can that be quarterly, or can you wait until business recovers?
- Should you focus on promotions or retaining your high performers who, according to many reports, are still able to find new jobs with relative ease?
- Are your compensation programs and structures aligned with the external marketplace? Have any of your roles been affected by increases in your state or city minimum wage as of January 1? With remote working, do you now compete nationally for talent?
- What programs is your company implementing to address burnout and the around the clock work from home cycle? A recent study by AON indicated that the #1 concern when it comes to retaining female employees is not only childcare…it’s wellbeing. That concern doesn’t stop at the gender line. Do you need to think beyond Total Rewards to Total Wellbeing?
The more creative you are with how your financial resources are invested, the better you will be able to redeploy your assets. Are your merit increase cycles ready for a little innovation, or are they carved in stone?
by CHRC | Jan 5, 2021 | Creativity at Work, Human Capital, Innovation, Inspiration, Productivity, Skilled Labor, Strategy, Work Place
Over the holidays, I hung out with one of my most inspirational friends from my adolescence. We spent many hours together reliving her many escapades (and the ways in which she inspired me to ride along on her adventures), even though I will never be as brave as she is. We even giggled about her hairdos and fashions. Don’t worry, we were socially distant the whole time—Nancy Drew was safely ensconced in the covers of her mysteries that made up this year’s holiday puzzle.
Unlike last year’s ridiculous puzzle undertaking, this year’s was not frustrating—it was fun. While no one else in my family helped, many other things did help with this puzzle. Intimately knowing the artwork of many of these covers, the ability to discern the difference between fashion across the decades, and then of course, an eye for fonts.
At some point in the endeavor, I was struck by a thought that differed from last year’s insight. It was at the point when you have done enough of the hard work that you notice a piece, recognize the color scheme or font, and remark, “Oh, I know where this belongs.” I started thinking about the types of Aha! moments that only come from long hours and deep thinking—a shortcut won’t get you there. It is only from studying something and understanding its nature, from having the patience to get to that point, that you can make a break-through. My mind immediately went to the scientists who developed the Covid vaccines in record time. They have spent careers doing the equivalent of 20,000 piece jigsaw puzzles. Their knowledge base far exceeded color schemes and fonts, but at the core of the development, patience.
So, I spent the rest of my time with Nancy pondering patience. What in our lives today (pre-Covid) fosters patience? In an age when many kids grow up with knowledge, entertainment, and transportation, amongst other things, at the tip of their fingers, how do we impart the value and lessons of patience to them?
We should all be extremely grateful to all the scientists who developed the Covid-19 vaccines in record time. Their patience and deep thinking was the key to solving the world’s biggest challenge.
