What the Hell is Financial Wellness & Why Should HR Pros Care!

I don’t know about you, but I wasn’t raised in an environment where much of anything was given to me. In my world, Financial Wellness meant our check didn’t bounce when we went to the grocery store or having to go to a different grocery store where we hadn’t bounced a check in a while! Luckily, my kids have no idea what it means to ‘bounce’ a check!

That is one of our challenges as HR pros to define Financial Wellness. For some of us, having the bills paid means we have financial wellness, for others, having the means to go on that annual trip to Florida means we have financial wellness. Some of your employees feel they have financial wellness, while others, in the same capacity, would feel on the verge of financial ruin!

Financial wellness, by definition, is a program or set of programs designed to improve employees’ financial behavior and outcomes while also driving business impact. Basically, it’s helping to ensure, the best we can, that our employees aren’t overly concerned with their personal money issues, that it impacts their work performance. An organization provides a good financial wellness program so that it can have happy and productive employees, who help drive great financial results for the organization.

Why do we as HR Pros need to care about our employees Financial Wellness?

In the history of HR, we really didn’t.  Sure there were some empathetic HR Pros who cared about someone going through a tough time, but rarely did HR, in the most well-meaning sense, ever want to touch the personal finance issues of an employee! Mostly, we would listen, try and pawn them off on the Employee Assistance Program, and hope it all went away.

The expectations of how we work with our employees, especially concerning things that impact their performance, have changed drastically over the past few years. The great recession is probably the main culprit for this mind-shift. We went through a part of our history where having financial issues, wasn’t rare, it was the norm for so many of our employees. Organizationally, we had to find ways to help our employees cope, get better and stay productive.

What we learned, through all of this, was that HR can make a huge difference in our employees quality of life. Having a great quality of life means that employees will stay around longer. Longer tenured employees, who love their jobs and feel supported, mean better overall outcomes for your organization.

The best HR leaders are now keenly aware of the organization’s bottom line, and what programs have a positive impact financially. Financial Wellness is one of those programs that drive overall better organizational financial performance, which makes it one of those programs HR pros need to care about, and need continue to drive across their organization.

Financial Wellness isn’t an easy program to just go and launch. We still live in a culture where talking about your finances, especially when things aren’t going well, is an extremely hard conversation to have. None of us want to admit we did a bad job managing our finances, and now we are in trouble. This is why HR is in a great position to own financial wellness and help employees. We are trained to be able to handle these types of situations and help our employees.

I joke about growing up in a family that bounced checks at the grocery store. I can do that now since I’m far from that scenario, but it was soul crushing to be a kid and have your mom handing you items to go put back on shelves because we couldn’t afford them. You have employees who are doing this. They need your help. They don’t need a handout, they need the knowledge to change their situation forever.

(By the way, if you’d like to hear me, and my special guest Laurie Ruettimann, get even more passionate and detailed about this topic, don’t miss the free webinar I’m hosting with ALEX, March 8th at 2pm EST. It’s called “Show Me the Money (Tips)! Six Ways to Improve Your Financial Wellness Program!” P.S. You’ll get an amazing Financial Wellness Communication playbook from ALEX as part of the deal too. A twofer!)

 

5 Ways to Create a More WorkHuman Workplace!

Okay, what the hell is WorkHuman?

I get asked that a lot as I talk about it. WorkHuman was a concept started by Globoforce, a recognition and rewards technology solution for your employees. Last year Globoforce held their first WorkHuman Conference with the focus on how do we make our workplaces better for ourselves and our employees.

They were really the first ones to drive home and start talking about the Employee Experience. Employee engagement is more than a program. We need to focus on providing a great experience for our employees, and the engagement will be there.So, what does this WorkHuman workplace look like?  I’ve got five ideas on how you can create a more WorkHuman workplace: 1.

So, what does this WorkHuman workplace look like?  I’ve got five ideas on how you can create a more WorkHuman workplace:

1. Hire glass half-full people.  You can’t teach optimism. You can’t create it. People either have it when you hire them or they don’t. High optimism also won’t guarantee you a great employee. What it will guarantee you is someone who will continue to work to get better. People are drawn to that. Hire talented people, and make sure they share your organization’s optimism!

2. Hire people who love to recognize others. Creating a culture of recognition isn’t just about giving them the tools and resources to recognize others. That will help, but you also need people who do this naturally, given no tools or resources. This is one you can also pick out fairly easy with some well-planned interview questions.

3. Get your Leaders to be human!  Normal human, not themselves! This is an easy and cheap way to create a better employee experience. Ensure your leaders get out and talk with your employees, and not the employees they usually talk with. Actually, get them out to meet and learn who your employees really are, personally. Employees love working for companies where they feel the leader actually knows them.

4. Manage outcomes, not hours.  It’s exceptional freeing to everyone when you start actually managing by results and stop believing that hours in a seat equal results.  Don’t take this as soft. Managing by results will get you to decisions much quicker than watching someone sit in a cube! But allowing people to manage their life around their work, and still produce great results, well, that’s workhuman!

5. Care about the health of your employees, not just physical. The financial wellness of your employees might have as much impact on your employees giving you their best, as their physical health. Help them manage their financial health. The stress many of your employees feel over their finances is staggering. This isn’t about retirement. This is about paying bills, childcare, student loans, buying a house, etc. Your employees are unhealthy. Like major drug problem unhealthy, and you’re ignoring it!

Want to learn more about creating a WorkHuman workplace?  The WorkHuman Conference is May 9-11th in beautiful Orlando, FL, with speakers Michael J. Fox (he’s an awesome story teller), Mr. Happy Shawn Achor, TEDx start Ann Cuddy, and so much more. $300 off your registration by clicking on this link!  Also, if you come, I promise to get up and do sunrise meditation with you! Okay, I’ll probably sleep in, but I will definitely do sunset champagne with you! See you in Orlando! 

P.S. – If you’re looking to recharge your HR batteries, there is no better HR conference to go to!

Failure Is The New Black!

(Rerun from 2013 – This one still holds up very well!) 

This inspiration came from my friend William Tincup.  If you don’t know him, you need to know him, he’s brilliant.  Like my head hurts after talking to him brilliant, in a good way.

He made a comment recently which was just this:

“Failure is the new black.”

Another friend of ours, Jason Seiden, has been saying this for years, in a little different way, with his “Fail Spectacularly” motto.  Either way, you get the point, it’s now ‘in’ to talk about your failures. It’s a really popular and motivating thought process for a lot of people. Basically, it’s alright that you failed, go do it again and eventually you’ll get it right.

Past generations would go to great lengths to hide their failures.  Think about your parents and grandparents, you never heard them talk about things they failed at.  Think back about how your own parents spoke to you. Was failure really an option?  It wasn’t in my household.  We’re Sacketts, and Sacketts are winners, and winners get to do what they want (oh wait, that was me weekly to my own kids!).

I’m just wondering who originally decided that it was alright to fail?

You can’t go anywhere anymore without everyone telling you “Success starts with Failure” or “The Secret to success is failure”.  This comes from the concept of traditional scientific theory.  Have a theory. Test theory. Fail. Try another approach. Fail. Keep trying and eventually, you’ll be successful.  Straightforward. Makes sense.  But that really only plays out when you’re testing scientific theories.

Can we agree real life might be a bit different?

Malcolm Gladwell’s new book David and Goliath talks about the concept of failure and what it does to the brightest college students in the world.  His research found that the top 50  PhD students going into schools like Harvard, are all smarter than the smartest kid going into Missouri.  But at the end of their schooling the brightest kid at Missouri is more successful than the number 50 kid at Harvard.  Why is that?  The number 50 kid believes they are a failure because they are not as smart as the 49 kids above them at Harvard. While the kid at Missouri, who wasn’t as bright as all the Harvard kids, became a rock star at Missouri. That success, that confidence, led him/her to more and more success.  Put that same Missouri kid at Harvard and he/she would have failed miserably and may have even dropped out of the program.

Let me give you an example.  Your kid goes up to bat.  Strikes out, which is a failure. Goes up the next time and strikes out.  Goes up again and strikes out. Continues game after game, never hitting, only striking out.  Continued failure will not lead to this kid’s success.  In fact, continued failure will lead to more failure as their confidence is shattered.

The path to success, for most life situations, is not through failure, it’s through success.  Continued little successes that will eventually lead to big successes.

Celebrating failure, like it’s some sort of a success, doesn’t lead to success.  Is it alright to fail?  Of course it is. But should we be celebrating it?  I have children.  I want them to be successful at anything they do.  When they fail, we don’t throw a party.  We talk about where failure leads, what we/they need to do to ensure we don’t fail the next time.  Many times that entails a ton of hard work.  Failures enemy is hard work.

I don’t like that we are getting comfortable as a society with failure.  That failure has become something to celebrate. Something that is now cool.   That we give a trophy to the team that lost every game.  It doesn’t make us better as a society.  It doesn’t make our organizations better.  Failure leads to more failure, not to success.

Here’s hoping ‘Success’ becomes the new black!

I’m a Hero!

I worked on my day off…

I worked after hours…

I worked on the weekend…

I worked on a holiday…

I worked when no one else was working…

I worked without getting paid…

I worked when I said I wouldn’t…

I worked more than you…

And because of this, I’m a hero, and you’re not.

But you already knew this because you saw me working when I posted it on Instagram…

I’m a Hero!

Chipotle’s HR Just Had a Major Screw Up!

If you pay attention to the news at over the past few months you’ve heard about the E. coli outbreak at a number of Chipotle restaurants all over the U.S.:

“The FDA and the Centers for Disease Control and Prevention (CDC) along with state and local officials are investigating two separate outbreaks of E. coli O26 infections that have been linked to food served at Chipotle Mexican Grill restaurants in several states.

As of January 27, 2016, the CDC reports a total of 55 people infected with the outbreak strain of STEC (Shiga toxin producing E. coli) O26 from a total of 11 states in the larger outbreak: California (3), Delaware (1), Illinois (1), Kentucky (1), Maryland (1), Minnesota (2), New York (1), Ohio (3), Oregon (13), Pennsylvania (2), and Washington (27). There have been 21 reported hospitalizations. The majority of these cases were reported from Oregon and Washington during October 2015.”

No restaurant wants this to happen, ever! It has an immediate and lasting impact to sales. I worked for Applebee’s, one of the largest restaurant chains in the world, food safety was our single biggest focus and a constant worry.  Chipotle’s entire company went into immediate crisis mode when all of this was going down.

So, much so, that they decided to do an unprecedented all store closing to ‘re-train’ all employees on current, new and additional food safety measures. From Fast Company:

The company is still not clear on which ingredient brought on the E. coli outbreak, though it again confirmed that the norovirus was spread through employees who came into work while sick.

“If you are feeling sick, or if you have vomited, either at work or at home, you need to tell your manager or field leader immediately,” co-CEO Monty Moran told workers. Managers are also expected to report if an employee gets sick at work, and if a worker or customer vomits in a restaurant, the location must be shut down immediately.

Most people won’t catch what just happened. E. coli is major! Both Chipotle and the CDC never found out where the E. Coli came from. Norovirus is completely different. Restaurants have norovirus outbreaks. It’s not frequent, but more frequent than you think. It’s usually caused by a worker with stomach flu coming to work and spreading it to cooking areas, thus giving it customers and other workers.

Two very different things!

But, since we can’t find out where the E. coli came from, which was more than likely a supplier of some fresh ingredient – since it showed up in so many states and so many locations, not connected any other way, let’s show our customers we solved something else!

The problem is, Chipotle doesn’t really have a Norovirus issue. Sure they might have had one or two restaurants with an outbreak, but that is solved with a good bleach cleaning and some retraining.  Chipotle’s executive team and HR went off the deep end and instituted the following things:

  • Sick employees who have vomited at work or at home, now get 5 paid days off before they can return to work. 
  • If an employee or customer vomit at a restaurant, that restaurant must be closed down immediately. 

This is unsustainable. HR should have advised the executive team that this isn’t sustainable.

Do you know who goes and works at a Chipotle? Mainly college aged kids who love to drink and eat giant burritos!  Can you imagine the number of Chipotle employees who will be calling in sick the Monday of Spring Break to tell their manager they just vomited!? Sorry, but I’ll take my five days of pay, and I’ll do my recovering someplace warm!  I can see Chipotle restaurant managers pulling their hair out already!

Also, dumb drunk people throw-up all the time at restaurants. They don’t have Norovirus. They have the brown bottle flu! You don’t close a restaurant over that.  You clean it up really, really well. Investigate the circumstances and make a decision on what you really need to do. Chipotle just made a black and white decision, that will hurt their company.

So, I’m so freaking smart, what would I have done?

1. Give individual restaurant General Managers and Area District Managers more control over how to handle these situations, like when to close, or force an employee to stay home, and make sure it doesn’t hurt them financially by making these decisions. Local managers don’t want to close a restaurant because it impacts their bonus, which is a huge part of their compensation.

2. Hire a PR firm to explain to America that what happened at Chipotle, what really happened with the E. coli outbreak, had nothing to do with local restaurant food safety procedures. Also, what they did to ensure a higher level of safety moving forward.

What they did was all smoke and mirrors, to make people feel like they have the problem handled. By the way, they probably could have done nothing and still be in the same position. Young people are notoriously forgiving on these types of cases because they believe it still won’t happen to them!

Okay, I’m off my soapbox. What do you think?

5 Ways to Make the Best Impression During Onboarding

Like the saying goes, “you only get one chance to make a first impression!” Well, unless you hire back a boomerang, then you get two chances, or if you fire someone, but then hire them back, you get another chance on that one as well. Theoretically, if you hire identical twins you would get two chances, but genetically it’s almost the same person.

You get where I’m going with this! When onboarding, you need to make a great impression, and for most of us, we only get one chance.

Years ago when I first went to work for Applebee’s, I actually started the week of Thanksgiving.  The timing just worked out that way, and they wanted me for the first three days of the week. When I arrived for my first day, I was blown away at how much work they did to prepare for me to come. I had all the accesses I needed, a laptop and phone ready, libraries of documents electronically that I might need in my position, a training calendar that laid out my first month of employment by the day!

It was unlike anything I had ever experienced.  It set the ground work for an amazing employment experience, that I still talk about and share, ten years later!

Not everyone has the resources that a large company like Applebee’s has, and can do what they can, but everyone can make a great first impression regardless of their size and resources! Here are some things you can do to make a great impression during onboarding:

  1. The element of surprise! This is the one idea where I think you should spend a few bucks. I love sending a token of appreciation to someone close to your new hire. A spouse, a boyfriend, a parent, etc. I’ve sent flowers to the home of parents of a new hire thanking them for raising us a great person to work with. It costs $25-30. The result is priceless! Talk about a huge win in onboarding.
  2. Don’t waste their time! Probably 80% of current onboarding can be done before the employee even shows up to work. Use technology to get ahead of the game and have employees fill out all the necessary paperwork before they show up. That way, day one,their ready to rock and roll, and not fall asleep in endless, boring onboarding meetings.
  3. Executive presence is a present! Being able to spend a little one-on-one time with your highest functional leader in your division, location, etc. can be huge your first day/week. Instantly, you feel like what you are bringing to the company and your position matter. I mean, what company allows you to talk with a high-level executive day one!? Bonus, this is free!
  4. Everybody needs a friend!Having a work mentor day one is nice, having a work friend day one is even better. I love connecting people who work in different functions. It’s really difficult to ask stupid questions to your peers. You’re new, and you don’t want to sound dumb, but someone in another area will tell you how tuition reimbursement works, without looking at you like you’re an idiot. Bonus, this is free!
  5. Check out this free webinar for even more tips! (It’s called 8 Tips for Awesome Onboarding, and it’s being hosted by the folks who make ALEX (and friends of The Projects), a benefits decision support platform I think is pretty neat. Next Tuesday, February 16, 2-3 EST.)

Anyway, onboarding doesn’t have to be fancy (or expensive) to be exceptional. People don’t come into your company expecting a parade. They come into your company expecting to go to work. It’s our job to make sure they’re ready to do that!

Would You Fire Your Top Performer for Punching Another Employee?

The world of the NBA brings us the real live HR Game Show – What Would You Do?

I know most of you could care less about professional basketball, and I promise, this post isn’t about basketball. In case you didn’t hear last week, Los Angles Clippers Allstar, Blake Griffin, punched an equipment manager of the team, Matias Testi, after a game, while out at dinner.  In the face, more than once, and he broke his hand doing it. So, now he can’t play for the next six weeks.

Most people just chalk this up to stupid, overpaid, professional athlete does wrong. Not even page 1 news. Almost happens on a weekly basis.

For those HR Pros in the audience, you know, the Clippers have a major problem now!  One employee just did bodily harm to another employee. Not only that, your BEST employee just did bodily harm to an employee that can be replaced by a million people in a second.  Your best employee can’t be replaced, and if your competition gets him, it hurts your company. That’s pretty close to the truth.

So, tell me Mr. and Mrs. HR Pro – What Would You Do?

Let’s break down some options:

1. Fire both parties. It takes to get your butt beat. Both were engaged in a verbal spat that one party took further.

2. Fire Blake. He’s twice the size of the guy he hit, and he’s at a much higher level within the company, thus his responsibility is much higher on how he acts.

3. Don’t fire either. Which is probably what’s going to happen – but would never happen in the ‘real’ world. The two parties involved are friends. Something happened that shouldn’t. The lower employee has the job of his life, constantly surrounded by millionaire athletes, he doesn’t want anyone fired. He probably wants to apologize that his head wasn’t softer so he didn’t break Blake’s hand.

4. Fire Matias. He’s replaceable. You could easily cut a severance agreement for a small price and all this goes away. Being in the position he was, he should have known not to push Blake’s buttons and the value Blake has to the franchise.

5. Suspensions all around. Suspend Blake and Matias for their involvement in the industry. The problem with this is the Clips are trying to make the playoffs, probably will, and they’ll need Blake, which is about the same time he would be coming off this injury. Are you really going to suspend your best employee for the playoffs? Heck no. I don’t care about Matias, you can suspend him, no one will notice.

A real HR pro in this situation only has one option. Fire Blake.  He’s demonstrated that he’s willing to physically harm an employee of the company, put the organization in harm’s way by missing games, and even self-implode by not controlling himself in a scenario a normal person would.

This is where reality kicks real life HR Pros in the teeth.

The real call here is to get rid of Matias.  This decision on all fronts leaves the most positive outcomes for all involved.  The Clips get rid of a low-level employee for very little money. If he’s truly a friend of Blakes, he won’t cause problems, he knows where the real money is in this relationship. You can’t leave the possibility, even the remotest, of this, happening again. With Matias on the team, this could always happen again.

Real HR Pros gasp at this scenario because we all know where this would lead in real life. The courtroom. That’s where you miss one really smart play here, that you also can use, the severance agreement. Get them to sign the paper, hand them a check, move forward. The Clips would be smart to move forward, not without their best player, but without an equipment manager, they could easily replace.

Do I do anything with Blake? Yeah, something has to happen. I probably give him the biggest fine I can under the collect bargaining agreement, and maybe even go higher, just to prove a point, knowing it will get knocked down.

Agree or disagree? Hit me in the comments!

Hey, Kid! Know Your Place.

Something really funny happened this past week in the NBA. Kobe Bryant who was sitting out of a game against Portland, in street clothes, came out to the bench after the game had already started. All the seats were taken on the bench. So, what did Kobe do?

He made a rookie give up his seat and sit on the court. A rookie who was actually dressed to play in the game – take a look:

This is brilliant!

I want to work in an organization where when a legend walks into a meeting room, some kid gives up his seat when there isn’t one available!

I know. I know. We’re all supposed to be Servant Leaders. Kobe should have sat on the court himself and let the kid keep his seat on the bench. Screw that. Kobe is one of the greatest players to ever play the game. If he wants a seat, someone better get up and give him a seat.

For real, though, there’s something to be said about knowing your place in an organization and respecting those who came before you. Respect is earned. Kobe clearly has earned that in his final retirement year.

I can’t stand seeing formal power used in organizations. “Oh, that’s the President, he demands to have the first parking spot.”  There is a little bit of this in the clip. But, if the kid truly didn’t want to give up his seat, he probably wouldn’t have.  He even mentioned as much on Twitter, later, saying Kobe has earned his respect to give up his seat.

I hear too often from people, especially HR and leadership thought leaders, who take the opposite stance. I think we’ve gone a bit too far on this one. As I am told I need to value these young bucks coming into the organization for what they bring, they, also, need to value the years of value I’ve already brought and continue to bring.

Yeah, I said it. These damn kids need to know their place in the organization! Now get off my lawn!

Sometimes, You Quit a Job for Love

Every once in a while you an employee who decides to move out of state, or another city, or a country, to be with the love of their life. There’s very little you can do as an HR pro or leader to keep this person. You can’t beat love. This is a story about that, but way more.

When I was in middle school my Dad did something for me that I will never be able to truly thank him for. His company, Spartan Stores, started sponsoring the Michigan Special Olympics. My Dad was asked if he would volunteer to help cook food for all the participants. He brought me along, even though I really didn’t want to go.

It was one of the best things that ever happened to me. I got to see true joy. True empathy. I got to see something that changed my life. I continued to volunteer all the way through college, then got involved heavily in coaching youth athletics, and I haven’t been back. But, I will. I only say this because I have such a special place in my heart for people living with Downs and other genetic abnormalities. They have so much to show us and offer us.

To feel love this strongly over just one thing in your life, you would be lucky. To feel this love over more than one thing in life is a godsend. Take a view, it’s only 2 minutes:

New Mexico is definitely losing, but Denver is definitely gaining!

I think it’s important to point out, there are two kinds of love here. Job love, which is very strong here. Real love, which is even stronger! When you’re employees leave you for the love of another, it can be heart wrenching on them. Do them a favor, and don’t make it harder.

Just be happy for them. Support them in every way you can. You’ll find another employee. They may never find another love of their life.

Job Seekers You’re Only Judged on These Two Criteria

If you’re out looking for a job it usually feels like you’re being judged on every little thing you do, have done or potentially will do in the future. Interestingly enough, a Harvard professor discovered you’re actually only judged on two things:

“People size you up in seconds, but what exactly are they evaluating?

Harvard Business School professor Amy Cuddy has been studying first impressions alongside fellow psychologists Susan Fiske and Peter Glick for more than 15 years, and has discovered patterns in these interactions.

In her new book, “Presence,” Cuddy says people quickly answer two questions when they first meet you:

 – Can I trust this person?

 – Can I respect this person?

Psychologists refer to these dimensions as warmth and competence respectively, and ideally you want to be perceived as having both.

Interestingly, Cuddy says that most people, especially in a professional context, believe that competence is the more important factor. After all, they want to prove that they are smart and talented enough to handle your business.”

Trust and Respect.

I’ll add this is probably the two things you’re being judged immediately following the judging that gets done on your overall appearance, which is almost instantaneous! Let’s face it, we like to hire pretty people.

Once you open your mouth, you’re being judged on how well can I trust what this person is telling me, and can I respect their background, work ethic, where they came from, etc.  Most of this is based on the person doing the judging, not you.  I know, that sucks.

How do you help yourself?

1. Try and mirror the energy of the person who is interviewing you. If you come in all calm and cool, and the person who is interviewing is really upbeat and high energy, they’ll immediately question you as a fit.

2. Do research on who you’ll be interviewing with and try and get some sense of their background and story. Try and make some connections as fast as possible in the interview. This will help build trust and respect with this person. In today’s world, it’s not that hard to find out stuff on an individual. If HR sets up your interview, just politely ask who you will be interviewing with (the name).

3. Be interesting. Have a good story to tell, one that most people will find funny or interesting. Not too long. A good icebreaker to set off the interview on a great tone.

I tell people all the time. An interview isn’t a test, it’s just a conversation with some people you don’t know. We have these all the time. Sometimes you end up liking the people, sometimes you don’t. If you don’t like the people you’re interviewing with, there’s a good chance you won’t like the job!