Ep 171 - Decision Making in Human Capital Investment - Workology

Ep 171 - Decision Making in Human Capital Investment - Workology Episode 171: Decision Making in Human Capital Investment with Dr. Daniel Crosby (@danielcrosby) The psychology behind good and bad decision making isn’t just fascinating for those of us interested in human behavior. It’s also important for recruiting and human resource leaders for making better decisions when it comes to human capital investment in the workplace, whether supporting your existing workforce or in hiring. Whether you’re in finance or in HR, complacency is a huge roadblock to success. Before we jump into the podcast, I want to thank our sponsor, ClearCompany. Episode 171: Decision Making in Human Capital Investment with Dr. Daniel Crosby (@danielcrosby) Today I’m joined by Dr. Daniel Crosby, a behavioral finance expert and thought leader on market psychology, the founder of Nocturne Capital, and author of the new book The Behavioral Investor. No matter what industry you are in your job, sound decision making is a critical skill that we can all use a little help in. Daniel says that our brains havent been upgraded in a 150,000 years so our decision making processes arent really wired for this immediacy and all the distractions that technology and social media bring.  He says that no matter what we do we make decisions based on emotions. And if emotion has been sort of this risk tolerance guide for us throughout human history even our business and hiring decisions have an emotional undercurrent. I found this particularly interesting since in HR we try so hard to be objective and help guide the decision making process of the managers and leader we support. However, I think we can all agree that weve been part of some bad decision making of managers that was made when emotion got the best of us. How To Make Decisions When Investing in Human Capital Daniel and I go way back and he has an extensive history in workplace psychology and human resources. Financial investment decisions are no different he says than human capital investments. He says one of the biggest mistakes  that people make in making hiring decisions, coaching decisions, and people development decisions is in thinking that people are static and that they kind of you know bring this immutable self around everywhere they go. Daniel goes on in the podcast interview to give us an example of decision making for a liquor store. The study he references in the podcast interview and in his book found that a liquor stores music choice would influence the alcohol purchasing decisions of its customers. On days when the store played German music,  people bought 50 percent more German beer. And on days when the store played French music, people bought 77 percent more champagne than average. What does this have to do with human capital? Well, outside influences like this impact all our buying decisions and hiring someone for job or making the decision to promote an employee is in fact a buying decision. The environment you creates impacts your decision-making process. Lets think about that the next time we are making promotion decisions, having conversations with our business leaders, and even HR technology decisions. This was a great podcast interview and Daniels insights cut across business and personal decision making. This episode is excellent!  Daniel uses his background in behavioral science and psychology to help companies make better investment decisions, and his research on how we make decisions can help us have better judgment for making the difficult calls we have to do so frequently in HR and recruiting. It’s fascinating to understand the science behind human behavior, but this self-awareness can also help us be better leaders. Connect with  Dr. Daniel Crosby. RECOMMENDED RESOURCES The Behavioral Investor  ~Daniels book Nocturne Capital ~Daniels blog Independent Contractors: Your New Human Capital Advantage 14 HR Metrics and Formulas to Improve Human Capital Efficiency Creating an Effective Human Capital Strategy How to Subscribe to the Workology Podcast Stitcher PocketCast iTunes Podcast RSS Google Play YouTube TuneIn You can also click here to find out how to be a guest on the Workology Podcast. *A special thank you to my production team at Total Picture Radio.

How South American living prepped me for the graduate world

How South American living prepared me for the alumni world This post was composed by an outside supporter. Charlie Duffield thinks about back her time living in South America and how this arranged her for handling the difficulties graduate life Understudy life can feel like an air pocket, yet once in a while the most significant learning openings occur outside of the auditorium. In case you're sufficiently daring to switch your environmental factors for some true activity, it can deliver profits. Regardless of not examining dialects, I chose to go through ten months working in Chile affectionately alluded to as the 'Britain of South America' as a correspondent and mentor, before my last year moved around. Here are the top exercises I realized which accidentally helped me explore life post-uni… Follow your interest You've completed your tests and are free finally! Until somebody corresponds in with the inescapable inquiry: 'So what are you going to do straightaway?' The strain to have an arrangement, and vocation way, as of now set up can feel enormous, and unavoidably a portion of your companions will easily float into working life and their picked callings. On the off chance that you wind up struggling, take a full breath and make a promise to yourself to just follow your inclinations, and see where they lead you. It's alright to make infant strides. In the event that you remain inquisitive, you won't stall out. Before I showed up in Chile my insight into this remote filled land was meager, yet this solitary made me even more resolved to investigate every one of that was on offer and relish the experience. What might you do another way in the event that you were an outsider in your own nation? Seek after circumstances with excitement and desperation, and observe what starts your advantage (contrasted with what renders you senseless at your PC). This demeanor will support you while exploring temporary jobs and employments, and eventually making sense of how to stay glad and satisfied both all through the work environment. Counterfeit it till you make it You've heard this one preceding. In any case, these days passage level employments require huge wraps of understanding past a decent hard working attitude and energy to learn. On the off chance that you've at any point wound up in the predicament circumstance of 'how might I become progressively experienced if nobody will give me experience', right off the bat you're not the only one, and besides it's prime opportunity to exhibit your inventive attitude! You have to demonstrate well beyond that you can carry out the responsibility and hit the ground running. I made sure about a news coverage entry level position in Santiago by somewhat over-overstating my Spanish language abilities, and affably yet tenaciously squeezing for a reaction post-meet. In the event that there's a particular aptitude which you're deficient with regards to, discover another road where you can create it. Hold Up For yourself, and for other people. In Santiago, fights happened consistently as a vital part of city life, so I frequently went through ends of the week running drawback roads evading poisonous gas while walking with campaigners battling for sexual orientation uniformity and understudy rights. To align yourself with a reason more prominent than your own ordinary problem is maybe the most ideal approach to escape your head and usher in another point of view. You ought to likewise figure out how to support yourself. The force elements when work chasing can feel twisted, so it's valuable to recall all that you bring to the table a business you're possibly taking care of an issue for them, or enhancing a fundamental missing abilities hole. Anyway long it takes to sign that desired activity contract, don't dismiss this. Praise each miniscule achievement At long last, it's extremely critical to do this to live for all to hear somewhat more, in light of the fact that else you can't follow the advancement you'll be making as you trudge along. After the structure and assurance of years spent in training it can feel overpowering starting from the very beginning again at the extremely base. At the point when you're feeling debilitated, why not transport yourself (figuratively) toward the South American landmass where life misfires and shines and froths at the creases! Consider surprised chests rotating at fair or salsa artists sashaying interminably underneath naive skies. At the point when I lived in Chile, I understood that Chileans had gone through two decades under a ruthless military fascism; this is a nation that gets torment and enduring and detachment. They additionally realize that an existence without happiness and chuckling and celebration does not merit living. The thing is, the point at which our cerebrums have a characteristic cynicism predisposition it can eclipse the great stuff. So next time you present a request for employment, get valuable input or get shortlisted for a job, have a similar outlook as a Latino and praise your advancement. Associate with Debut on Facebook, Twitter, and LinkedIn for more professions experiences.

Facebook Groups Are Here To Help Women Find Work

Facebook Groups Are Here To Help Women Find Work Youve been attempting left, right and some other way you can consider to get a new position. Youve applied on the web, youve scoured your system and accept youre having the entirety of the correct discussions yet nothing is working out. How baffling! What is the deal?!First things first, timing is everything. Its irritating to hear, I know, however its actual. Looking for your next profession move can require significant investment and a ton of exertion, however dont lose heart. Odds are, you havent played the entirety of your cards just yet.Have you attempted Facebook?Yes, I realize your news source can be a dark gap of feline recordings or various other arbitrary things youd ordinarily find via web-based networking media, yet consider Facebook gatherings, which can be an amazingly important device to those of you hands on chase. Facebook bunches are an amazing method to make significant associations with similarly invested individuals and to make new companions. By associating with different individuals, you can find out about potential profession tracks and various associations. Here are two simple strides to assist you with getting started:1. Discover your tribe.Just like there is a top for each pen, there is a Facebook bunch for each sort of individual. Discover yours. Likely, there are a few that may be a solid match for you.For occurrence, I have a place with a couple. I am (and need to be) working with female business people (henceTech LadiesandDreamers/Doers) Im a mentor and have a place with a few training Facebook gatherings (Ipec andCoach Pony Mastermind, among others). I like to have discussions with individuals who have comparative interests, can give alternate points of view and need to geek out with me about stuff were commonly energetic about.In those gatherings, individuals share difficulties they are confronting, openings at their organizations and forthcoming occasions that may be of intrigue. Essentially everything without exception under t he sun. Consider the kind of stir that illuminates you. What might you be able to go through hours talking about? Utilize that motivation to begin burrowing. Some place on Facebook, there exists a gathering committed to precisely that realm.It make set aside you some effort to locate the ideal Facebook bunch for you. Only one out of every odd gathering is an open gathering. A gathering of bloggers youve found out about might be a mystery gathering, while a gathering of locally established business people might be a nearby gathering that requires a gathering administrator welcome to join. Like how you assemble an expert system of contacts, youll need to move toward working out your informal organization a similar way. Examination the network cautiously (which, truly, incorporates perusing the gathering depiction) and decide how you can get one of its members.2. Join the conversation.When youve found what feels like the correct sort of gathering for you, dont be modest. Bounce directl y into those discussions and begin posting. Get some information about their experiences, where they work a, how you may have the option to assist them with accomplishing something that they are taking a shot at somehow or another. Offer photographs, business thoughts and other intriguing substance. Be open and curious in a certifiable manner. Connect with and be a piece of the conversations.If somebody takes to the gathering to vent about a particularly testing circumstance at work, offer help regardless of whether you dont consider yourself to be a specialist in that domain. In some cases, its pretty much having a decent individual who is happy to tune in and approve what youre thinking or an individual who is eager to let you know whether youre nuts!Attend occasions and put appearances to names assuming there is any chance of this happening. Put yourself out there. Recount to your story and be powerless enough to share what carries you to the client gathering and what you are wan ting to accomplish. On the off chance that your fantasy is to be a designer at a specific beginning up in NYC inquire as to whether they know anybody that works at that organization who would talk for five minutes. On the off chance that youre moving to another town and need somebody to associate with for a beverage, ask the gathering. Perhaps connect with the gathering executive to figure out how they manufactured the network where youre meeting all these new individuals! No one can tell what posts (and the clients that think of them) could lead you to the following profession move. Also, you can't be sure whether another gathering part could turn into your new BFF.So, if youre going the Facebook bunch highway one final thing to note. Your profile will turn out to be reasonable game. On the off chance that youre requesting vocation help from somebody in a gathering, its safe to accept theyll scope out your page. Your Facebook profile ought to be an equalization of the you that your genuine companions see, and the you that you would need an entrepreneur or your associates to see. In the event that you put on a show of being very amateurish, it probably won't leave the best impression. Be aware of what youre sharing and the settings youre utilizing while doing as such. (Presently would be an extremely incredible opportunity to go check your Facebook security setting!)We consequently will in general consider LinkedIn while scanning for occupations. Dont misunderstand me that is additionally a great web-based social networking stage to use during your hunt, yet its by all account not the only game around. Get inventive, join a gathering application and take a gander at Facebook from another point of view.- - Kelly is a HR expert and mentor who assists individuals with finding and accomplish what they need profession shrewd and past. Instructing, preparing, enlisting on the off chance that and so on in the realm of HR, shes done it in an assortment of enterprises. Her recommendation has been highlighted on The Muse, Career Contessa, Levo, Workology, among others. Learn more by investigating her at www.kellypoulson.com.

New Job Scams -- And How to Avoid Them

New position Scams - And How to Avoid Them New position Scams And How to Avoid Them 1It's a tragic, yet obvious, reality. For each genuine online occupation, there might be up to 100 employment tricks. What's more, the activity tricksters are getting savvier constantly, thinking of new strategies to persuade work searchers their activity tricks are genuine. We've posted about employment tricks before on , yet here is a supplemental class on some old activity tricks and some new ones, also to assist you with shielding yourself from work con artists. Here are 6 occupation tricks to pay special mind to: Text interviews. Regardless of whether you're going after a working from home job or even an in-office one, we havent knew about a solitary real situation where a business requested that an applicant do a meeting by means of IM. It's simply not done and is an occupation trick. Likewise for email interviews. In case you're a genuine possibility for a genuine activity, you'll be approached to come in (if the workplace is close by) or you'll do a telephone or Skype meet. They key for a meeting is to initially ensure you can affirm you are conversing with a genuine individual at a genuine employing organization, and IM gives no such substantial contact informationthats why con artists use it. Requesting cash. Weve said it previously and we'll state it again: You ought to never at any point need to pay to work at an organization. So regardless of what the explanation behind model, regardless of whether the organization gives you a free laptop but then tempts you to buy their exclusive software to use on it-you shouldnt hand over your well deserved cash to a possible business. While the bid for employment may be apparently credible or persuading, if a potential supervisor requests that you send cash (particularly if its by means of a wire move or where you store cash into a record and take a rate), the activity is more likely than not a trick. Secure your cash and watch out for this activity trick. Requesting your financial balance data. Employment con artists need access to your money quick. They may situate it as an in advance charge for a telephone headset or for some other equipment or programming thing that is required for you to begin the activity. In the event that a potential business approaches you for delicate individual or budgetary data, for example, your government managed savings number or financial records data, you should halt abruptly with that organization and state youre sorry, however you realize that is an indication of a trick. Essentially, authentic businesses shouldnt approach you for this data. Messaging as an approach to convey. You text your children, your mother, and your accomplice. Be that as it may, you don't message a recruiting director, and he shouldn't be messaging you, either. On the off chance that an expected supervisor needs to message you data about the meeting or to finish the employing procedure, don't continue. Utilizing an odd email address. Warnings should wave on the off chance that you recognize a potential manager utilizing a non-business related email address, for example, Yahoo!, Gmail, or Hotmail. Messages that relate to work ought to consistently be accomplished through a work email address. What's more, know whether you're accepting messages at abnormal hours-business related messages ought to be sent during standard available time. Claiming to be from another organization. You ought to consistently examine the individual you're talking with, regardless of whether she is by all accounts from a genuine organization. Discover her work email address, and check whether it varies from the one you've been comparing with. At that point send an email to the right business email address to decide whom you've truly been speaking with. This is a significant, however simple approach to check for work tricks. While there are many, many authentic working from home occupations out there, there are continually going to be those individuals who make their vocation by defrauding others and posting work tricks. So be cautious as you go after remote jobs on the web, and find a way to secure your wellbeing. Perusers, what's your opinion of the most recent activity tricks? What do you do to secure yourself? Tell us in the remarks area beneath.