On Point

Connecting daily news to what it means for your business

Birth rates are trending down: Is the population in trouble?

– Since 1975, the global population has increased by one billion people every 11 to 12 years, and the planet is now approaching the eight-billion-people mark. What does it mean for this many people to exist?

Dealing with inflation must become a CEO superpower. Here’s how.

– Energy and food costs are skyrocketing, supply chains are constrained, and consumer demand is strong. The upshot? US inflation rocketed to a forty-year high of 8.5% in March from the same month a year prior. Though economists see some encouraging signs that inflation may be peaking, such as a slowing rise in the core price index, the Russian invasion of Ukraine and China’s COVID-19 surge may mean that supply disruptions—and resulting higher prices—endure longer.

Toxic work culture is a leading cause of attrition. How can employers win back their workers?

– Call it what you will—the “Great Resignation” or “Great Disruption”—the fact remains that nearly 69 million people in the US quit their jobs in 2021. A common misconception: better compensation stops worker flight. While pay and benefits are important, two-thirds of employees left their jobs in 2021 for reasons related to engagement and well-being. That means the majority of US workers are quitting because they aren’t happy with their bosses, work cultures, or work–life balance, according to Gallup’s research.

How to handle the jerk at work

– People sometimes believe that remote work protects them from having to deal with obnoxious colleagues. But jerks aren’t going to suddenly stop being jerks just because you’re working from home. It doesn’t matter whether you’re in the office or on a video call. Toxic coworkers are going to give their version of events to your boss, in real life, or during an online chat. It’s delusional to think otherwise.

The microchip industry is booming. How big could it be by 2030?

– To counter the global chip shortage, chipmakers have sought to increase production. But a lack of chips is choking off the supply chain itself. For example, the CEO of one large supplier of chip-making equipment has said that his company can’t find enough chips to make its tools, resulting in long lead times. The biggest chip shortages aren’t in cutting-edge semiconductors but in the less sophisticated ones—those used in industrial equipment and cars.

It’s a hard world. Soft skills can help.

– One popular business school course at a leading university is teaching the softer side of leadership, with the key tenet that happy leaders are effective ones. But happiness doesn’t just magically happen. Happiness, students learn, can be cultivated within yourself, and then you can cultivate it within your teams. And that’s especially important when workers are quitting their jobs at a rapid pace, with many organizations rethinking the nature of work with a focus on employee morale and happiness.

Offices aren’t going away—but they’re looking quite different

– While many employees are still working from home, companies are considering what to do with their existing offices. Some are downsizing. Others are redesigning their offices into spaces where employees collaborate and work together, versus perform individual tasks 9-to-5 style. And still other organizations are building new offices, including elaborate showplace headquarters.

Today’s best CEOs lead with empathy and humility

– CEOs losing jobs because of workplace misconduct happens surprisingly often for such a smart cohort. The job itself can enable bad behavior by isolating leaders, who can become entitled, overawed by their own supposed importance, and unwilling to admit mistakes or recognize competition. The word hubris comes to mind.

Performing while transforming: The CEO juggling act

– Over the past few years, C-suite executives and other senior leaders have struggled with the demands of work and family life along with everyone else, and many have joined the ranks of millions who are resigning. In the last quarter of 2021, the number of departing CEOs rose 16% from a year earlier.

Gray hair and don’t care? Unfortunately, hiring managers do.

– For older workers, the hot job market is just lukewarm. Roughly one-third of US job seekers aged 55-plus remained unemployed for at least 27 weeks as of January, compared with about 22% of younger workers. Age discrimination is persistent. Even those who think racism and sexism are unacceptable in the workplace still hold ageist attitudes toward older employees, academic research has found.

Dousing burnout at home and at work

– Forty-two percent of women report being burned out. That is higher than last year and higher than [the percentage of burned-out] men.

Destination: Collaboration

– Most executives say they frequently find themselves spending way too much time on pointless interactions that drain their energy and produce information overload.

Disruption junction

– Gen Zers, ranging from middle-school students to early professionals, are reporting higher rates of anxiety, depression, and distress than any other age group.

Up in the air

– Flying taxis will happen; it’s a question of ‘when,’ not ‘if.’

Bounce back

– Instead of focusing on productivity, focus on purpose, cultivate compassion, and give employees the agency to make decisions.

E-bikes everywhere

– By 2022, global sales of electric two-wheelers and electric three-wheelers could reach $150 billion.

Division in labor

– “Leaders are thinking about what a new culture and a new way of working might look like, and how to perpetuate culture in a primarily hybrid world.”

Take this job and love it

– In an era of workplace upheaval, workers are hungry for trust, social cohesion, and purpose.

A nation on edge

– In a period of continuous corporate change, injecting more civility can help companies navigate the uncertainty and volatility

Start me up

– Charge-point operators need to build a dense, reliable network that provides customers with carefully selected locations in high-traffic areas.

Find meaning

– A purposeful organization can strengthen resilience and deliver value at the same time. Here’s how.

Finding flow

– Companies cannot manufacture the flow state, but they can create an atmosphere that encourages it. When senior executives were at their peak, they reported being five times more productive than they were on average.

More than compliance

– Environmental and social issues are increasingly affecting how companies do business. More companies are starting to make sustainability a strategic and operational priority, but few are structured for success.

Enough already

– Effective meetings begin with a clear goal. For decisions, gather six to eight decision makers and follow an agenda that identifies the choices. Here’s how to decide whether to have it, who comes, and how to make it count.

Camera off

– Up to one-half of American employees worked from home throughout the COVID-19 pandemic. As workplaces figure out which work model—100% in person, 100% remote, or somewhere in between—they’re going to choose after the pandemic, there are lots of issues to navigate.