In a recent study, people who sweated when the stakes were low did the best when stakes were high.
IN “GATTACA,” THE DYSTOPIAN cult classic set in the “not too distant future,” parents genetically program their children before birth, coding them for desirable strengths and skills. For them, biometric data is destiny: A person’s genetic code, tracked through a massive database, determines their career, which, of course, affects everything.
Nearly 20 years after that movie’s release, we are closer than ever to using biometric data as part of the hiring process, specifically to solve one chronic problem: Employers are bad at predicting who will perform under pressure. Each year tens of thousands of new Wall Street hires undergo boot camps that cost up to $6,000 a person, yet finance has a suicide rate 1.5 times the national average and the second- highest voluntary turnover rate (14.2%, after the hospitality industry). And if an industry as well-funded as finance struggles with vetting applicants, what hope do smaller businesses have?
The recent U.S. election exposed two major intersecting fault lines in America that, if left unchecked, could soon produce an era of social and economic upheaval unlike any in our history.
First, it revealed deep divisions across racial, ethnic and gender lines that led to a surge in hate crimes last year, particularly against Muslims. Addressing this will require a sustained effort to heal these growing divisions and will be very difficult to resolve without strong leadership and a renewed willingness to listen to each other’s concerns.
Some Massachusetts Institute of Technology MBA students were blown away by the stories they recently heard from graduates of a local community college:
One young graduate told how he dropped out of high school and drifted for a couple years before becoming an Army Ranger and then, with the help of the GI Bill, and good army counselors, got his “second chance” at school by enrolling in the community college. He graduated and is pursuing a four-year college degree.
To reduce the persistently high unemployment rate in the United States, Congress should move to relax some of our current constraints on immigration.
This is a controversial idea because many people are under the impression that allowing in more immigrants would push up unemployment. But that would only be the case if the number of jobs in the US were an unchanging constant. Read More »
It’s time all stakeholders — employees, business leaders, government officials, and educators — have a serious discussion about how the nation can create better jobs for the next generation.
Wal-Mart has been getting good press recently for its decision to raise its associates’ wages to a minimum of $9 per hour. And it should. So should the unions and community groups that have been pressuring the U.S. retailer to do just that. They also deserve some of the credit for exposing Wal-Mart’s low wages, reliance of associates on food stamps and other public assistance, anti-union tactics, and bottom of the industry ratings on customer service and employee satisfaction.