March 1, 2021
Greetings! It's almost Spring!
If you are like me, you're delighted that spring is almost here! I can't wait to get back into the garden, enjoy nature, and admire the tulips, crocuses, and daffodils my husband planted in our garden last fall! As we have been held up in home since COVID hit (it feels like forever!), I regret not agreeing to more acreage and "farm living" when we moved out of Northern Virginia in 2015. My husband has ran out of room in our little plot of heaven and, with being stuck at home since last March, our home is now becoming his conservatory! I am grateful that he has a green thumb and my job is to mostly admire and praise!
I hope you are able to get out in nature soon where you can pause for a moment to admire God's creation. It's the best medicine, isn't it?
I actually did a happy dance when a colleague shared with me the results of a 10-year study done by Duke University Professor of Psychology and Behavioral Economics Dan Ariely.
In this video https://www.youtube.com/watch?v=Y1q9k2oFWg4, Ariely describes his research that addresses the connection between how organizations treat their employees and the company’s success in the stock market. For ten years (2006-2017), Ariely sampled a number of businesses on various dimensions regarding the behavioral aspects of how they treat their employees. He essentially answered the million dollar question:
What is the ROI experienced by large corporations on investing in the well-being of their employees?
Ariely watched the companies that were performing the best in the stock market and noticed the companies that had the top stock results shared the following positive behavioral traits:
· Value of work and time
· Promote transparent management
· Commitment to follow-through
· Set clear expectations
· Prioritize a caring environment
· Value of honest mistakes
In contrast, companies with the lowest stock return shared these common traits:
· No pride in job/accomplishment
· Inconsistent management
· Dishonest/unethical leadership
· Limited comradery/teamwork
· Low error tolerance
Dan Ariely’s research essentially confirms that investing in positive behavioral traits increases the company’ stock market return. His study proves that the best ways to invest in human capital are by displaying behaviors that are deeply emotional and personal to employees – in particular, how people treat one another and get along! Compelling, isn't it?
March is the Month the World Celebrates Women
Women's History Month is a celebration of women's contributions to history, culture and society and has been observed annually in the month of March in the United States since 1987. Women's History Month 2021 will take place from Monday, March 1 through Wednesday, March 31, 2021.
International Women’s Day is a United Nations-sanctioned global holiday. This year on March 8, it celebrates women’s contributions to society, raises awareness about the fight for gender parity, and inspires support for organizations that help women globally.
What are the challenges facing women in 2021? Admittedly, women have made great strides in my lifetime! However, many of the challenges facing women in earlier decades remain the same - lack of pay equity, women are still trying to break the glass ceiling in top leadership roles, work-life balance challenges continue, etc.
Of special note in 2021 is the fact that over two million women left the workplace since the start of COVID! Yes, that’s right! And according to The Washington Post, February 28 2021, the United States’ economic recovery hinges on its child-care infrastructure. Many other countries have a built-up function for child care, subsidize child care, and, as a result, experience substantially a higher labor force participation among women. Sadly, the United States no longer leads the world in female labor force participation.
Any solutions? Of course once widespread vaccine distribution allows the United States to return to some resemblance of normality, women will get back into the workforce. But perhaps COVID has highlighted another inequity suffered by lower income women, especially women of color who struggle to pay for child care, but without it cannot take advantage of educational and vocational opportunities to rise above lower class subsistence. Should we be paying closer attention as a country to these inequities in our society? I believe the United States can do so much more, don’t you?
Compliments Go A Long Way!
I am a big giver of compliments. I love receiving compliments, too.
This HBR article https://lnkd.in/gWEe3Q8 reinforces the fact that expressing gratitude and giving compliments to those you work with has an enormous positive impact. What seems to get in the way is doubt. We’re not comfortable giving compliments and tend to underestimate their value.
I challenge you this week to give a compliment to a subordinate, colleague, or your boss each day with sincerity and warmth.#bethechange that is needed in most organizational cultures. And, let me know how it felt to give a sincere and authentic compliment! What did you learn? And remember, practice makes perfect!
How to Avoid Generosity Burnout Masterclass, March 9, 2:00 pm EST
First-time and mid-level Female Leaders: Join me in an interactive and engaging Virtual Masterclass specifically designed for First-Time and Mid-Level Women Leaders who are finding themselves overwhelmed by work and family responsibilities, experiencing exhaustion much of the time, and feeling stressed due to constant demands from others. Based on research conducted by Wharton Professors Adam and Grant and Reb Rebelle, and from their book, Give and Take, I will lead this discussion on how selflessness at work leads to exhaustion, often hurts the very people you want to help, and does NOT result in career advancement.
Through conversation and reflection, you will begin to reframe your thinking, regret, and burnout to contentment, satisfaction, and empowerment. During this session, you will learn that you CAN create a life that allows you to serve others, but not at the expense of your own self-care. You will learn the best ways to give that sustain your energy and give you joy along the way!
Join me! Register here: https://pattymaples.com/generosity-burnout-mc.html to get a Zoom link.
That's probably enough for one communication. May you have a wonderful March! Sending you warm wishes and praying for herd immunity to kick in throughout the world! Blessings, Coach Patty
Patty Maples, ICF-ACC, M.A., is on a mission to help individuals embrace change, live their purpose, and love their lives! As a Transition Coach, she partners with individuals who are going through big life transitions, such as transitioning into leadership roles, retiring, changing careers, and reinventing themselves in their 50’s and beyond!
She meets you exactly where you are – whether you are at the beginning stages of a career transition or at the end of a lifelong career exploring the uncertainties of retirement. She listens intently to your story, asks probing questions, helps you uncover your longings, desires and opportunities, and partners with you in attaining your goals. You walk away with new possibilities, fresh approaches, and greater self-awareness and clarity about your life. You are excited when you wake up each morning to uncover what the day will bring! As a certified Coach and retired public servant, Patty is equipped to coach individuals and groups, facilitate workshops and retreats, and serve as a speaker for your next event.
You can connect with Patty at firstname.lastname@example.org.