High Turnover? Here Are 3 Things CEOs Do That Sabotage Their Workplace Culture

Strong company cultures are the heart of a successful workplace...getty

Every CEO wants long-standing employees, but their ineffective leadership causes organizational stress that cripples the workplace culture. Quite often, we read articles or hear of CEOs abusing their power and tarnishing their company’s reputation.

This is due to them neglecting feedback from their team and making decisions based solely on their own judgement. Not only does this erode trust, but it sets a standard that employee and leadership voices are not welcome.

When employees are taken care of, they go above and beyond to drive the company forward. Conversely, when they don’t feel valued, appreciated or kept in the loop, employees quickly become disengaged. The cost of a disengaged employee impacts more than the bottom line.

It decreases productivity, creates negative client experiences and destroys the company culture, to name a few. According to a Gallup survey, the State of the American Workplace 2021, 80% of workers are not fully engaged or are actively disengaged at work.

While CEOs claim to embody a people-first and feedback-driven culture, they believe, due to their position, that they know better than everyone else. Todd Ramlin, manager of Cable Compare, said, “if a person is fortunate to have the opportunity to be a CEO, they need to ask themselves if they can live by the company values, expectations, rules and processes that are in place.”

They can’t pick and choose which rules and processes to abide by, yet punish others when they do the same. Doing so cultivates a toxic workplace and demonstrates poor leadership. Here are three things CEOs do that sabotage their workplace culture.

Embraces Data, Dodges Emotions

The workplace is made up of a diverse group of experiences and perspectives. CEOs who lack the emotional intelligence to understand another person’s viewpoint or situation will find themselves losing their most valuable people. Sabine Saadeh, financial trading and asset management expert, said, “companies that are only data driven and don’t care about the well-being of their employees will not sustain in today’s global economy.”

Businessolver’s 2021 State Of Workplace Empathy report, revealed that “68% of CEOs fear that they’ll be less respected if they show empathy in the workplace.” CEOs who fail to lead with empathy will find themselves with a revolving door of leadership team members and employees. I once had a CEO tell me that he didn’t want emotions present in his business because it created a distraction from the data.

His motto was, “if it’s not data, it’s worthless”. As such, he disregarded feedback of employee dissatisfaction and burnout. Yet, he couldn’t understand why the average tenure of his employees very rarely surpassed one year. Willie Greer, founder of The Product Analyst, asserted, “data is trash if you’re replacing workers because you care more about data than your people.”

Micromanages Their Leadership Team

One of the ways a CEO sabotages a company’s culture is by micromanaging their leadership team. Consequently, this leads to leadership having to micromanage their own team to satisfy the CEOs unrealistic expectations. When leadership feels disempowered to make decisions, they either pursue another opportunity or check out due to not being motivated to achieve company goals.

As such, the executives who were hired to bring change aren’t able to live up to their full potential. Moreover, they’re unable to make the impact they desired due to the CEOs lack of trust in them.Employees undoubtedly feel the stress of their leadership team as it reverberates across the company. Arun Grewal, founder and Editor-in-chief at Coffee Breaking Pr0, said, most CEOs are specialists in one area or another, which can make them very particular.

However, if they want to drive their company forward they need to trust in the experts they hired rather than trying to make all of the company’s decisions. At one point during my career, I reported to a CEO who never allowed me to fully take over my department. Although he praised me for my HR expertise during the interview, once hired, I quickly realized he still wanted full control over my department.

Despite not having HR experience, he disregarded everything I brought to the table to help his company. I soon began questioning my own abilities. No matter how hard I tried to shield my team from the stress I endured, the CEO would reach out to them directly to micromanage their every move.

This left our entire department feeling drained, demoralized and demotivated. Sara Bernier, founder of Born for Pets, said, “CEOs who meddle in the smallest of tasks chip away at the fundamentals of their own company because everything has to run through them”. She added, “this eliminates the employee’s ownership of their own work because all tasks are micromanaged by the CEO.

Neglects Valuable Employee Feedback

Instead of seeking feedback from their leadership team or employees, CEOs avoid it altogether. Eropa Stein, founder and CEO of Hyre, said, “making mistakes and getting negative feedback from your team is a normal part of leading a company, no matter how long you’ve been in business.” She went on, “as a leader, it’s important to put your ego aside and listen to feedback that will help your business grow.

If everyone agrees with you all the time, you’re creating a cult mentality that’ll be detrimental to your business’ success in the long run.” This results in a toxic and unproductive workplace culture.

What’s worse than avoiding constructive feedback is receiving it and disregarding it entirely. Neglecting valuable feedback constructs a company culture where no individual feels safe voicing their concerns. Rather than silence those who give negative feedback, CEOs should embrace them. These are the individuals who are bringing issues forward to turn them into strengths in an effort to create a stronger company.

Prior to joining Digital.ai as HR-North America, I owned my own Workplace Culture Consulting agency at Heidi Lynne Consulting helping individuals and organizations gain

Source: High Turnover? Here Are 3 Things CEOs Do That Sabotage Their Workplace Culture

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What The Wealthy Don’t Want You To Know About Money

When someone says they want to “strike it rich,” they often mean with a once-in-a-lifetime event. Think, a lucky investment, winning the lottery, or selling an idea on Shark Tank that catapults them into the pantheon of millionairehood.

While it’s not impossible to get wealthy off a one-shot, the truth is that most “new money” millionaires didn’t get lucky. Instead, they built their wealth with smart financial planning, expert advice, financial literacy and goal setting.

And if that’s news to you, you’re far from alone. While the rich aren’t sitting on some big, unknown money secret, they don’t often go out of their way to educate the masses.

But we do.

Without further ado, here are the 14 secrets that the wealthy don’t want you to know about money – and how you can make them work for you.

Getting Started

1. Setting goals is the secret to getting started.

“Wealth” is a subjective term. If you’re living on $25,000 a year, then $1 million and an LA mansion may seem incredibly wealthy. But if you’re living in LA on $1 million a year, then wealthy probably looks more like $100 million and a garage full of expensive cars.

This discrepancy in perception and values are part of why it’s important to determine what “wealth” means to you – and then set goals to get there. For instance, you may decide you want to change careers, start a family or become a millionaire by 35. Then, it’s about devising an action plan with annual achievements to make your to-dos been-dones.

2. Always align your spending with your goals.

As you’re building wealth (and after), keep your spending in line with your goals. Know what you care about, be it attaining a lifestyle, achieving feats or passing on wealth. Then, take care to avoid wasting resources on things and activities that have no value to you – and invest heartily in education, hobbies, passions and goals that do.

Whether that’s forgoing restaurants while you take night classes or skipping the new car to buy a rental property, spending money on the things that advance your goals pays off in the long run.

3. A solid savings strategy bolsters success.

A savings strategy buffers your finances and increases your liquidity. While the goal is to save 15-20% of your income every month, beginning with just 1% is better than nothing!

One great way to ensure consistent savings is to automate depositing a portion of each paycheck into your savings accounts. Adding extra funds when you get a bonus, raise, or even Christmas presents can help you build wealth even faster.

You’ll also want to have a smaller, separate emergency account to cover unexpected expenses. Aim to build anywhere from 6-12 months’ worth of expenses in your emergency fund – and when you use it, replace it!

4. Keeping up with the Joneses is a one-way ticket to Poorville.

You might think that a lavish lifestyle is a true reflection of wealth – and for many, it is. But plenty of “wealthy” people drown in debt to keep up appearances. Meanwhile, those with true wealth often live frugally, invest often, and spend under their means.

The reason is simple: the desire to appear wealthy sabotages your goals and puts your money to work in dead-ends. Shrugging off the desire to keep up with the Joneses and focusing on your own wealth-building, not trying to show off, is the best way to ensure you can afford all the fancy toys you want later.

5. Hire a winning team.

One of the biggest “secrets” about wealthy people is that they rarely know what they’re doing. What they do know is that they can pay someone else to handle their affairs and dispense advice.

For instance, a fee-only financial adviser can point you to new money-making strategies, which your financial lawyer can vet for legal consequences before your tax professional minimizes your burden to Uncle Sam.

While the upfront cost seems prohibitive, investing in a support system now increases your chances of success later.

Making Money Work for You – Not Someone Else

6. Using other people’s time (and money) helps you get ahead.

Two of the best ways to become wealthy are to become your own boss and use other people’s money instead of your own. As an employee, you work to enrich your boss; and using your own capital limits your success to how much you can personally front.

But starting or buying a business, often with capital raised from banks or investors, accomplishes both goals at once. And if owning a business isn’t your forte, you can still use borrowed funds to invest in real estate, the stock market, or someone else’s big idea.

7. Fees eat success for breakfast.

Every time you pay a fee to manage your money or service a debt, you’re funding someone else’s path to wealth. Whether you pay banking fees, high-interest debt, foreign transaction fees, overdraft fees, ATM fees, commissions on investments, mutual fund expense ratios…

The point is, there are a lot of fees out there, and the more you pay, the less you have. Thus, when possible, opt for no-fee accounts, low-cost index funds, and 0% APR credit cards.

8. Watch your credit card usage (or avoid them entirely).

Taking out a credit card encourages living beyond your means and paying interest to do so. As such, many financial experts advise cutting up your cards, avoiding them in the first place, or only using them to further your goals. (For instance, if you use them to cover bills and pay off the balance immediately to build your credit).

If you do use credit cards, look for rewards cards that pay out in cashback or air miles, carry fraud protection, and have extra perks like built-in travel insurance. And never, ever take out a high-interest store credit card.

9. Charity is good for the soul – and your wallet.

Donating money or supplies to charitable causes doesn’t just further noble goals; it’s also good for your finances. If you itemize your tax returns, you can deduct charitable contributions to qualified organizations. And the more you can deduct, the less you’ll have to pay come tax time.

Investing: The True Secret to Wealth

10. Your money should work for you.

One of capitalism’s unfortunate realities is that working hard doesn’t always equate success. If your only income is trading time for money, your earnings potential is capped at the number of hours you work in a week.

But the wealthy understand capitalism’s dirty secret: the true path to success lies in passive income. Whether that’s investing in stocks, buying real estate, or funding someone else’s business plan, anything that pays an “unearned” profit accelerates your earnings potential beyond the hours in a day.

11. Every minute you waste is one less minute you’re wealthy.

In investing, your most valuable asset is time. The earlier you start putting your money to work in the markets, the longer your capital can accrue compound interest. Even just $25 per week is better than nothing!

On a similar note, it’s important to distinguish between time and timing in the stock market. While one major investment can catapult you to riches, you’re far more likely to lose money than make it big betting wildly.

The wealthy understand that riding out an “unsexy” buy-and-hold strategy – making regular contributions into a diversified portfolio – is one of the most reliable ways to get rich.

12. Allocation is key.

When you invest in the stock market, how you allocate funds carries significant consequences. Typically, it’s a good idea to keep dividend-paying bonds, stocks, and mutual funds in your tax-advantaged retirement accounts, while individual securities reside in your brokerage account.

This strategy has three advantages. To start, it utilizes government-sponsored tax strategies and spreads your wealth to minimize impacts in retirement. At the same time, diversifying your holdings across accounts and assets helps ensure you’re not too heavily invested in one area.

13. Diversification gets you everywhere.

Investing in stocks, bonds, and mutual funds is a great way to kickstart your wealth, but it’s not the end of the road. As your wealth grows, expanding into illiquid or physical assets, such as real estate, gold, and even artwork, can help you secure your wealth.

Though these investments cost more upfront and are more difficult to offload, there’s a reason that being a real estate tycoon is equated with riches. And because these assets aren’t as susceptible to market swings, they can pay off even when other investments falter.

14. As your wealth and confidence grow, turn to private markets.

One of the greatest secrets of the ultra-wealthy is that the stock market gets your feet wet – but private markets hold the real wealth.

Business ownership, angel investing, and other private equity moves come with greater risk than stock market investments. But their potentially higher returns and diversification do wonders for your portfolio, especially if you’re hell-bent on generating true wealth.

Follow me on Twitter or LinkedIn. Check out my website.

Q.ai, a Forbes Company, is powering a personal wealth movement, using artificial intelligence and advanced quantitative techniques to revolutionize

Source: What The Wealthy Don’t Want You To Know About Money

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7 Sneaky Habits That Are Sabotaging Your Relationship

Some unhealthy behaviors in a relationship are obvious — things like lying, cheating, yelling and name-calling. But there are also more insidious habits couples develop without realizing how damaging they can be in the long run.

We asked therapists to pinpoint the seemingly inconsequential things couples do all the time that are secretly hurting the relationship.

1. You ignore your partner’s interests

It’s normal — healthy even! — to have interests that differ from your partner’s. Just because your significant other loves country music doesn’t mean you have to throw on a cowboy hat and hightail it to the Luke Bryan concert. But you can still find little ways to support your partner’s passions, even if they aren’t necessarily your cup of (sweet) tea.

“For example, if your partner wants to share a song with you, it is important to show interest in what they enjoy about it or to listen to it, even if you might not have a taste for that genre of music,” Los Angeles marriage and family therapist Abigail Makepeace told HuffPost. “Otherwise, a lack of acknowledgment of your partner’s interests can eventually add up to a feeling that their passions — or that they themselves — are unaccepted in your relationship.”

“You do not have to enjoy the song, but simply listening or conversing about what your partner might enjoy about it provides necessary support,” she added.

2. You don’t say thank you for the small things

You voice your appreciation when your partner buys you a gift, plans a weekend trip or books you a massage. But you may forget to acknowledge them for the small day-to-day ways they lighten your load. Neglecting to recognize these efforts can breed resentment over time.

“Good relationships are not about the grand gestures. They are built and maintained through the small, everyday moments,” said therapist Nicole Saunders of Charlotte, North Carolina. “Failing to notice and validate your partner for all the work they put into the relationship ― even if it is something they ‘should’ do, like unload the dishwasher ― is a lost opportunity to build positive connection.”

Don’t take these small acts for granted. Whatever your partner is doing to make your life easier deserves recognition.“This may be getting your favorite snack at the store, making the bed the way you like it, or greeting you with a hug because they know physical touch is your love language,” Saunders said. “Then give them a genuine thank you! Bonus — it’s also a good way to reinforce behaviors you want to keep seeing.”

3. You’ve gotten lax about your personal hygiene

Skipping the occasional shower isn’t a big deal, but when forgoing basic grooming becomes a habit, it can get in the way of intimacy and become a source of conflict in the relationship.

“Not brushing teeth, showering, shaving, etc. can be inconsiderate of our partners, especially when we know that it bothers them and we’re still not intentional about handling it better,” said Northern California therapist Kurt Smith, who specializes in counseling men.

It’s worth mentioning that poor hygiene can sometimes be an outward manifestation of a mental health condition like depression. If you’re struggling with motivation in other areas of your life, experiencing feelings of worthlessness or withdrawing socially, talk to your partner and consider making an appointment with a mental health professional, too.

4. You criticize your partner instead of asking for what you need

Criticism is when a complaint in the relationship is expressed as a character flaw, couples therapist Zach Brittle previously told HuffPost.

For example, you might snap at your partner and say something like, “You’re always late for dinner. Why can’t you ever be on time? You’re so inconsiderate.”

When we resort to criticism, we put our partner on the defensive, which often leads to an argument — not the positive change we hope to see, Makepeace said. Over time, these harsh words can hurt our partner’s self-esteem and create emotional distance between the two of you.

“If we want our partners to do something differently, we should make a specific request for a change in their actions, versus stating a negative judgment,” Makepeace said.

So in the example above, you could try saying, “I feel disregarded when you don’t tell me you’re running late. I need you to call ahead of time so I can plan dinner accordingly.”

5. You don’t maintain a life outside the relationship

When you first start dating someone, it’s not uncommon to go through a honeymoon period where you’re spending most of your time together. But after a while, if you’re still focusing all of your energy on your partner while letting your friends, family and other interests fall by the wayside, it could be a bad sign of things to come.

“When couples become too enmeshed, it puts a lot of pressure on the relationship,” Saunders said. “Maintaining the relationship at all costs can become the objective because neither partner has a separate life or support system to fall back on. It can feel like life will end if the relationship does.

To avoid this toxic pitfall, make sure you continue to nurture your identity, interests and meaningful connections outside your romantic relationship.

“It’s important to have time apart on the regular, whether that is time going out doing different things with different people, or simply having weeknights enjoying separate shows or in different rooms involved in different hobbies,” Saunders said.

6. You check your partner’s phone without asking

Sneaking a peek at your partner’s texts or Instagram DMs might seem innocent enough, but it’s actually a violation of their privacy and a sign of underlying issues between you.

“If you’re reliant on accessing your partner’s phone to confirm their faithfulness, it’s a reflection of a large lack of trust within the relationship,” Makepeace said.

It’s reasonable — not suspicious or dishonest — for people in relationships to want to maintain some privacy and autonomy from their partner.

“Many people in relationships desire a bit of their own benign independence,” psychologist Ryan Howes previously told HuffPost. “This isn’t to say they want to separate. They often love their relationships and want them to endure, but they also want a little bit of their lives to themselves ― and this isn’t necessarily a problem.”

Resist the urge to check each other’s devices. Instead, be vulnerable enough to talk about the insecurities that are driving you to snoop in the first place.

7. You make promises you can’t keep

Keeping your word — even when it comes to small things — goes a long way toward building trust and making your partner feel loved and appreciated. Conversely, when you have a habit of saying you’re going to do something and then blowing it off, whether consciously or unconsciously, it can drive a wedge between you and your partner over time.

“This can take any number of forms, from following through on and taking care of the lease expiration on their car, to finishing installing the baseboards in the family room, to emptying the dishwasher daily as promised, to not being ready to go somewhere at the pre-agreed time,” Smith said.

Try setting reminders to complete important tasks in your phone or writing them down in a planner so you don’t forget. Only commit to tasks you know you’ll be able to tackle and give yourself realistic time frames to do so. (In other words, don’t overpromise to try to please your partner.) And if it looks like you’re not going to be able to get it done, then let your partner know as soon as you can.

“Explain exactly why you’re unable to follow through,” relationship writer Sheri Stritof wrote for Verywell Mind. “Make this sort of situation the exception, not the rule, especially as you’re working to build trust.”

Kelsey Borresen - Senior Reporter, HuffPost Life

 

Kelsey Borresen

Source: 7 Sneaky Habits That Are Sabotaging Your Relationship | HuffPost UK Relationships

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11 Self-Sabotaging Phrases To Drop From Your Vocabulary

Sometimes we say things to ourselves that aren’t in our self-interest. Calling yourself a loser or saying “I’m such an idiot” every time you make a mistake isn’t having a positive effect on your self-esteem (on the other hand, you should definitely try affirmations), but beyond the obviously negative self-talk, there are a host of things we say that hold us back more quietly.

While not as plainly negative as “I suck at everything,” these phrases sabotage us in a sneakier—but still damaging—way. Here are some words and phrases that work in the background to stealthily undermine us; things we’d be better off leaving behind when trying to reach our goals.

“I don’t have time”

Consider that it’s a misconception that we do or don’t “have time” for something, because we control what we prioritize. In actuality, we have time for things we make time for. Sometimes, “I don’t have time” can be a smokescreen for: “I don’t want to” or “I’m afraid.” When it comes to pursuing life goals, it’s easy to cite lack of time as a reason to not get started. But what if you dedicated just 10 or 20 minutes a day to start work on your next big goal?

“I don’t know how”

And where would we be if we only did things we knew how to do? Somewhere between Boringtown and Dead Inside-ville. It’s normal we don’t all know how to write a book proposal or run our own business. No one does when they first start. Instead of resting on the excuse that we don’t have some magical fount of necessary knowledge, we can get going on the what, and learn how as we go.

“I’m not ready”

This excuse is gold because it lets us off the hook. Most people will sympathize or corroborate our ironclad reasons for not taking action yet. The problem with “I’m not ready,” however, is that it assumes there is some magical time off in the future when we will be. But there isn’t.

Even if we earn more money, get more experience, or “settle down,” we still may not feel ready. Because it’s not really about those things, anyway. It’s about our relationship to fear, change, and the unknown. By all means, prepare before leaping. But if we spend spend too much time preparing, we may find ourselves in the same spot a year—or ten—from now.

“I’ll try”

In the words of the eternally wise Master Yoda, “Do or do not. There is no try.” Yoda uttered these words when training a young Luke Skywalker out of his surly lack of belief in himself. The concept applies to us non-Jedi knights as well. The words “I’ll try” contain an implicit lack of commitment.

It’s more comfortable to say we’ll “try” to do something, but it’s much more productive when we pick a side and hold ourselves accountable for taking the actions necessary to do the thing we said we’d do.

“Maybe”

“Maybe” is a great word to keep us stuck in the comfortable malaise of indecision. To avoid committing to bringing that casserole to book club, “maybe” away. But when it comes to bigger ambitions, there’s no better way to stop us in our tracks than with a weak-ass maybe. Saying “maybe” to something is still making a choice—a choice that leaves us in limbo and pushes the same choice further down the road. What if we decided now?

“I should…”

The word “should” is made of judgment. It implies that something is the right thing to do, and if it isn’t done, there will likely be negative consequences. Instead of using “should,” replace it with “I will.” After declaring what we will do, we can enjoy the empowered feeling of making a choice from possibility, rather than fear.

“If it happens, it happens”

While this phrase can at times be useful as an exercise in letting go of the outcome after putting your heart and soul into something. As a standalone, it implies we have zero self-agency or impact on a given outcome. The things we want most don’t just “happen.” They require vision, commitment, and repeated action.

“But so-and-so really needs me”

It’s a wonderful thing to help others. But there is such a thing as giving so much as to put us in a perpetual martyr position where there is no time, resources, or bandwidth left to improve ourselves. Are there places in your life where you’re over-functioning for someone or something else? Commit to taking back some of that time for you.

“I’m not smart/talented/brave enough”

As the story goes, Walt Disney was fired from the Kansas City Star because his editor felt he “lacked imagination and had no good ideas.” Where would we be today if he had internalized that feedback?

We all “lack” in some areas and are stronger in others. The good thing is, we don’t need to be champions of intellect, courage, financial prowess, and beauty to achieve things. Instead of comparing ourselves to others and despairing about our interpretation of the results, we can focus on what we know are our strengths. (P.S. Courage comes from practicing being brave. If we do little things we’re afraid of, our bravery muscle will grow.)

“Just my luck”

We might say it when there’s “crazy traffic” and we end up being late, but saying things are “just my luck” puts us solidly in the victim position, as if there’s nothing that can be done to change what “happens to” us.

Take the last thing that you were mad about. What could you have done differently to improve the outcome? Empowered change starts with taking full responsibility for our choices—and their consequences—both good and bad, rather than habitually blaming “bad luck.”

“If only…”

These two words often lead into a wish, hope, or a complaint. “If only I was younger.” “If only my rent were lower.” “If only I’d gone to a better college.” Phrases like these keep us in a state of fantasy and helplessness. They presume a certain set of conditions or circumstances that would perfectly set us up for a successful, happy life. (Recognizing this is impossible is actually quite freeing.)

Try shifting this statement into one of declarative action. “When I get my Master’s…” or “Tomorrow, I will…” and follow it up with one step you will take towards your goal.

Source: 11 Self-Sabotaging Phrases to Drop From Your Vocabulary

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