Category Archives: Leadership

The 1 Factor You Must Have to be a F500 CEO!

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It’s not what you think.

Right now you’re sitting there reading this thinking, “I need to know what this is so I can see if I have it or can get it because it’s in my life plan to be an F500 CEO!” You probably are thinking it must something like grit, determination, maybe smarts, attractive looks, or maybe it’s Tim talking about this it’s probably height because he’s a short motherf@cker!

Something truly, statistically interesting has happened over the last 14 years to CEOs of the Fortune 500. It really defies logic.

In 2005 the average age of an F500 CEO was 46 years old. Feels about right. 46 feels like young enough but also old enough all at the same time. The perfect combination of youth and wisdom.

In 2019, do you know what the average age of an F500 CEO was? You would think in 14 years that line would probably stay about the same. Maybe because of all the Baby Boomers leaving the workforce we would see it fall, but probably not too much. If a few Boomers were hanging on, we might see it rise a little, but again, it’s hard to move the average all that much.

In 2019 the average age of an F500 CEO was 59! Basically, over 14 years, the average age went up one year every year! It’s hard to even imagine that could be the case!

So, what is the one factor you need to be an F500 CEO? 

You need to be a Baby Boomer!

That’s right. Stop going to that Ivy league college and working on your MBA. Don’t worry if you’re ugly or short or fat or female or black or white or a dude. The only thing you really need to be is OLD!

Turns out, big giant companies like Old folks running their company!

Why?

If you are running a multi-billion dollar company, maybe even closing in on a trillion (Trillion is the new Billion!) you don’t want some kid at the wheel. You want someone with seasoning who will tend to be less reactive to major events. They’ll be a bit slower in how they move the company, a bit more conservative in how they manage the assets and resources.

Also, think about what’s happened over the past 15 years. We came out of the great recession. We had this young 45-ish CEO taking the lead in turning us around and putting us back on top. It actually worked! We’ve had this great decade of prosperity! Do you know what companies do when things are going really well? They don’t change anything! Including their CEO!

In fact, many times if the CEO wants to retire, and they trade that CEO in for a younger one, and 12 months in the company is slightly underperforming to expectations, they’ll fire that CEO quickly and bring back the old one to right the ship!

So, 37-year-old Millennial who is chomping at the bit to take over. Calm down and wait until you’re old! You really only have about twenty more years to wait until it’s ‘your time. That isn’t that long, just 25% or so of your life. You’ll get there, be patient!

Also, Short Kings, don’t hang your head, while you probably will never be a CEO because of your stature, you have so many other redeemable qualities, like,..well I’m sure you’ll of something… keep the faith, my tiny brothers! Turns out, besides being old, you also need to be tall!

Just do your damn job, Timmy!

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It seems like frustration is at an all-time high. On a daily basis people are coming unglued over things they have no control over, and never will.

We are told to be more empathetic. We are told our employees need us to be “X”. You fill in the “X” because it changes pretty much article to article, generation to generation, leader to leader. One day I’m just supposed to care more. Then the next day I need to listen more. The next day I need to understand more. Today, I need to be more flexible.

Somehow we’ve gone from running businesses to managing a daycare.

I’ve stopped listening to people who don’t do the job I do. To the people who haven’t done the job in the past decade. To the people who claim to be experts but haven’t worked in my field, maybe ever, but certainly not in the past few years with the massive transformation that has taken place in the workforce. 

Instead, I’m going out and talking to my employees. The young ones, the old ones, the ones in between that we’re not supposed to pay attention to anymore because they don’t matter because they’re not young or old, or female, or a minority, or gay. I’m going out and talking to them all equally. Since I need them ‘all’ to move my organization forward. Especially, today with all the issues we have in finding talent.

It doesn’t matter what my employees are telling me. That’s for me, to help them. The thing that will help my employees, most likely won’t help your employees. You work in a different culture, location, industry, climate, etc. No one is a better expert on my employees than I am. 

Just like you will be the expert of your employees, your team, your department, your organization.

 But, here’s what I think you’ll find out:

 – Your employees are all individuals with very specific problems, concerns, and desires.

– Their problems start close to them and then move outward. Sure it sucks Trump is making massive change and they want to help America and the World, but first, they have an issue with daycare and paying student loans, and a health scare. Those problems are bigger than the world problems you keep shoving down their throat. Help them solve the problems close first, then solve the world.

– Your millennial employees became adults, and you keep treating them like they just left college and are still kids.

– Your ‘new’ youngest employees are much different than millennials, and they’re not. They’re still young people with young people’s problems and passions.

– Your employees want to be successful. Across the board, it’s a driving and motivating force. You helping them become successful is the most important thing you can do as a leader. What’s successful? That is also very individualized. Your challenge, as a leader, is to find a way to tie their success to the organization’s success. It’s hard to do, and you have to figure it out for your employees.

We keep letting other people tell us how to do our jobs. Have fun with that. I’m going to do the job I was hired to do, the way I know it needs to be done because no one knows how to do this job, better than me.

Should we reward outcome or effort?

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I’m a huge believer in results. When I test, my results orientation is off the charts! So, naturally, I’ve always believed you should reward outcomes/results. The world is filled with folks who put in the effort, but in the end, can’t close the deal, was how I’ve thought about it.

Over the past few years, I’ve softened a bit on this. I still love and want results, but I started to believe that obtaining success isn’t about failure, but small successful efforts that lead to success. I was reminded about this recently when I overheard a story.

The story was being told by a parent who was watching his son’s youth soccer match. A boy on his son’s team scored a goal and all of the kids and parents were cheering, but this father noticed that the boy’s dad who scored was not cheering. “Oh, boy,” he thought, “another crazy sport’s parent, never satisfied with what their kids do…”

After the match, this guy really wanted to talk to the Dad, to tell him what he was doing was wrong, and eventually was going to push this kid to hate sports. So, he waited around looking for the perfect time, when the boy walked up to his dad and the dad asked him, “how did you score that goal?” The boy thought a minute and walked through the play, how he got the ball from the opponent, how he ran really fast to get in front of the opponent, and then went as fast as he could dribbling the ball down to the other end, and kicked the ball past the goalie.

The boy’s dad said, “so, you gave great effort, to get that goal?” Yes, said the boy. The dad congratulated the boy’s efforts. “That was a tremendous effort you gave that led to that goal”, said the dad.

The other father stood there listening, now more than ever wanting to talk to the dad to apologize for thinking he was such a jerk. So, he went up and told him what he was about to do, but glad he stopped himself to overhear his conversation with his son. “Well, he will never be able to guarantee the outcome in sports, but he can always guarantee his efforts”, said the boy’s dad.

In the business world, it’s really about both effort and outcome.

My business is recruiting. We reward “outcome” all the time. Did you actually find and hire the person for this job? Pretty black and white!

But, the reality of recruiting is so often the recruiter has very little to do with the outcome. Yes, they have to find a candidate, but ultimately you have a hiring manager who has some say, you have a candidate who has some say, you have others who have input to the final say. So, only rewarding for an outcome they don’t necessarily control, seems like we are missing a piece.

I often see great effort put in by the recruiters I work with to find and uncover talent, to talk that talent into interviewing and getting them interested in the job, the hiring manager, and the organization. The entire process can be measured and viewed in bursts of effort.

It’s one of the biggest failures most recruiting departments, agencies, RPO’s, etc. do in recruiting. We only reward outcomes and not efforts.

I advise people all the time if you want more employee referrals, stop rewarding the final outcome, and start rewarding all the small efforts that lead to an employee referral getting hired. Reward an employee for just giving you a name and contact information, reward the employee when that referral comes in to interview, reward that employee when that candidate they referred show up on the first day of work, etc. Most of us only reward our employees when the referral has stayed on working for us for 90 days or six months.

The problem is, the employee has so very little to do with that referral getting hired, the outcome. They have plenty they can do to help lead a referral down the path to the outcome, the efforts!

There’s a time and place for outcome rewards. Ultimately in business, we need outcomes to be successful. That is just a fact of life. But, if you believe in your process, your training, your tools, etc. Rewarding efforts can lead to awesome, sustainable results, that can be very rewarding to those grinding it out every day.

Exploding Job Offers!

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I had a question the other day from an executive outside of HR and Talent. A C-suite type who was frustrated by the lack of hires his “HR” team was making. My first question was, does HR hire for you, or do you have a recruiting or talent acquisition team? He didn’t know. Problem number one.

This guy wanted my opinion, well, he really wanted my agreement if I’m honest, to something he was forcing his HR team to do with job offers. You see, they had many job offers turned down to accept another job offer. Basically, almost all candidates we have are interviewing at multiple places, and these are technically skilled candidates, in IT, engineering, etc.

His plan was to start offering expiring job offers so that the candidate would be forced to accept their offer at risk of losing it!

Brilliant, right!? He asked me…

Here’s my exact reply:

“So, in an employment market where the unemployment rate is around 1% for technical candidates, you feel the best strategy is to force someone to make a decision to come to work for you? Also, who says that they won’t just accept your offer, continue in the process while waiting on other offers to come, and eventually just leave you high and dry? Also, do you really want to start off an employment relationship with someone who felt forced to take your offer?”

His response:

“Well, the hell should we do?”

The Problem with Exploding Job Offers

  1. Expiring job offers only work on candidates who are lower end of the value chain, or have no other vaiable offers to choose from. The best talent, won’t even consider you if you pull that strategy.
  2. If you aren’t a “unicorn” brand (Google, Apple, etc.) you have no shot at getting good talent to accept your exploding job offer.
  3. While it might in theory “end” your hiring process faster, you have a higher chance of a late no-show/decline that puts your team even farther behind in hiring. Especially, if they went back to your other viable candidates and told them they were silver medalist.

What’s a better way? Because it’s not unheard of in today’s world where we put some timing around job offers. The reality is, we can’t wait forever. So, the real question is, how long should we give someone to consider our offer before we have to pull it back?

I like to use this as a great way to find out what I’m up against. Let the candidate tell you a time, and then negotiate it down if you don’t feel like it’s appropriate. First, when I make an offer, I expect a full acceptance the moment I make it! What?! But, you just said…! Yeah, I don’t like exploding job offers, but I also work as a recruiter who has already pre-closed the candidate and knocked out all the objections, so when I make the offer, the candidate and I have already agreed, if I get X, Y, and Z, you’re answer is “Yes”, correct?

That doesn’t mean it works every time!

In the case where the candidate, legitimately needs some time, I give them some time, but also I need reasons to go back to the hiring manager with. Why do you need the time? Are there other offers you are waiting on? What would make you take those other offers over ours? Again, keep closing, with demanding an answer. Changing jobs is one of the top three most stressful things a person does. These decisions don’t come lightly, and we need to respect that.

Offering Exploding Job offers is old advice that has turned into bad advice, similar to not accepting a counter-offer from your employer. Job negotiation has changed a lot over the last few decades, some of the traditional things we did in the past just don’t work anymore.

The Damaging Power of a Bad Idea!

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Have you ever been caught in a downward vortex of a truly crappy idea that at some point you wondered to yourself, “how the heck did we get here!?”

I like to think I’m the kryptonite of bad ideas in my organization. It’s part of my personality of being a bit unfiltered in my thoughts and ideas. If I think something is a bad idea, I’m probably going to say something. Or at least, I hope I will say something.

Why don’t we stop bad ideas in organizations?

  1. We never want to tell someone their idea is bad. We say things like, “there are no bad ideas!” Of course, there are bad ideas! That’s just a dumb statement. There are ideas that can ruin your company and your career. If some idiot openingly shares a bad idea, it should be up to us as peers to point this out and help them out.
  2. The person sharing the idea is in a power position. This one is hard. Well, Tina is the boss! I don’t like her idea, but we have to go along with her or else it will probably look bad and she’ll make sure she crushes my career. This is the worst! If you’re a leader, you need to find someone who will tell you the truth about your stupid ideas.
  3. We all know it’s a bad idea but we’ve got so much already invested we need to make it work. Ugh! My grandmother would call this, “throwing good money after bad”. Well, we’ve come this far, we have to make it work. The best organizations know when to call it quits on a bad idea, take the loss, and begin a new in a better direction.

So, bad ideas grow and prosper basically because we don’t want to hurt feelings or hurt our own careers.

I do think there are some strategies we can use to help get us out of a bad idea. Some things that will allow us to protect our relationships and our careers, and put us on a better path.

If I think of the times that I saw someone’s bad idea blow up in their face, it happened because it was done publicly. If we have the ability to sit down privately with the individual and talk through it, I usually find that together we can create something better, and change a bad idea into something that will work, and it saves face for all involved.

In terms of people in the position of power who have bad ideas, I like, again, speaking to them in private, but also using data and competitive data to try and influence their decision in another direction. I’ve also used a strategy that is a bit risky, but it’s going over their head in a way that seems like you weren’t doing it on purpose. Like, “Oh, I want to share this data with the entire company because I found it so fascinating and thought others would have interest!” Data that shows we should be doing something else, in hopes, it sparks an idea for someone to change.

The reality is bad ideas happen every day in our organizations and it’s up to us to help create a culture where we reward stopping bad ideas. Where we respect each other so highly we are confronting bad ideas as a way to help that person’s career, not point out their failure. If we can get to that point, we put ourselves in a position to take the power out of bad ideas!

Be Flexible Loudly!

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I was on a leadership call last week and a startup founder, Jennifer Henderson of Tilt.com, made this comment when talking about one aspect of how she is building culture at her company. (BTW – Check out Jennifer and Tilt, amazing leader and a great company that is reimaginging employee leave management.)

“Be Flexible Loudly!”

Meaning, flexibility isn’t flexible if your employees feel like it might be a trap.

Just “allowing” flexibility isn’t enough. You must build a culture of flexibility. Leader’s must show and demonstrate that flexibility is valued, so when you do use flexibility in your work environment, you should make it known, loudly!

Too often, as leaders, we say we value and offer flexibility, but then our actions we portray are the exact opposite. Signs and symbols speak loud. Instead of quietly sneaking out of the office on a Friday afternoon, make a scene “Yo! I’m taking off to go play at the park with my kids! You guys have a great weekend!”

Be Flexible Loudly!

In a remote, digital work world this become even more important. Too often when we are working at home or work from anywhere, we tend to actually never leave work! It seems like we are always available and on. A leader should purposely send a note out on Teams or Slack and say, “Hey, all! I’m unplugging for the rest of the day! See you all tomorrow!” Or, “FYI – I’m in late tomorrow! I’ve got a chance to jump out on the slopes and get a few runs in before some meetings I have in the afternoon!”

If we can’t physically show our staff we are being flexible, we need to find ways to inform them. This also goes for times when any of us decide part of our flexibility is doing some work when others most likely aren’t. I love to catch up on email on Sunday evenings, so I don’t feel overwhelmed coming into a thousand emails on Monday morning. It’s critical to reply with a message that lets folks know, this is part of my flexibility, but not yours! So, I don’t expect or want a reply from you tonight.

Be Flexible Loudly!

This isn’t as easy as it sounds, especially for leaders that have grown up in an environment where leaving early or focusing on your own wellbeing was viewed as a sign of weakness. I’ll be honest, I started working from home on Wednesdays each week, and I feel guilty. I feel like I should be in the office if anyone is in the office. At the same time I want my team to feel empowered to be flexible, but that means I need to do it way more loudly!

The key to being flexible loudly is trust. Trust that your team will actually act like adults and value the company the same way you value the company. Trust that their performance will actually be better because of the added flexibility and empowerment.

What I find is 99% of people handle this exactly like we all handle it. We are actually concerned about our performance and the success of our teams and organizations. So, we probably don’t use enough of the flexibility given to us. 1% are assholes and take advantage and don’t perform well. Great leaders, get rid of the 1%, and cheer on loudly the 99%. That is the culture we should be striving for.

How Great Leaders Handle Crisis!

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We’ve had a lot of crises over the past couple of years. Everyone would agree with this.

It’s been popular since the beginning of time to judge people based on their best moment. Stand up tall, when others are small and you are destined for greatness in history. No matter when you did before or after.

Rudy Giuliani, by most, is considered a great leader of our time for his leadership in the aftermath of the 9/11 attacks. He was in charge when the towers came down. He said and did the right things during that time. He will be forever remembered for that time in his legacy.

The reality is, leaders are not best judged in times of crisis.

Great leaders should not be judged by how they reacted in a once-in-a-lifetime event, but by how they act every day. On good days, average days, bad days, and very rarely on crisis days. The problem is we aren’t paying attention to normal days. We don’t see the greatest. So, we judge them on the few times we see them, which are either celebrations or catastrophes.

Crisis management is incredibly difficult for leadership teams at organizations. You try with all of your might to put your own situation aside, but it’s always there in the background, while you try and do what’s best for all involved. The hardest thing a leader will ever do is make the decision that some will have to lose their job, so the majority can keep their job. Even putting your own name on that list of cuts, isn’t as difficult.

Nobody wants to be judged by his or her worst moment. In crisis management, we tend to have a lot of worst moments because we are often making quick decisions with the limited information that in hindsight looks foolish.

As we are all going through some level of crisis management currently, I wanted to share Professor Scott Galloway’s three steps of crisis management from his NYU class he teaches on the same subject:

  1. Top Guy or Gal Takes Responsibility
  2. Acknowledge the Issue
  3. Overcorrect

Overcorrect is the key. Well, I’m not sure if we should do this, let’s just wait a little while longer and see what happens. NO! Overcorrect. Make the safest choice possible. Make the best choice possible for your people. Act swiftly.

If we watch, we will see great leadership moments in any crisis. Some of these moments will be by great leaders doing great leader stuff. Some of these moments will be done by idiots who just happen to be in the right place and make the right decision. Don’t confuse a moment of leadership competence with being a great leader.

Great leaders don’t just show up for a crisis, they show up every day.

What is your “Save” strategy for 2022?

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I’m calling 2022 the “Great Retention“! Primarily because I was sick of hearing “Great Resignation” when it wasn’t really the great resignation, it was more reshuffling. A ton of openings allowed workers to upgrade jobs and salaries in 2021, so yes, folks “resigned” but then immediately accepted a job somewhere else they felt was better for their life choices.

We are facing some major challenges in 2022 and beyond. Most of which can be traced back to simple demographics. The reality is, we are going to see more jobs than workers for a long time. This means a few things:

  1. Yes, we can be and must be getter at acquiring talent.
  2. We need to be more flexible with our workforces, if we want to keep and attract talent.
  3. We need the government to open up immigration in new and innovative ways, for both skilled and unskilled workers.

How are you going to Save talent in 2022?

Your recruiting strategy can not only be to actually go recruit more talent in 2022. There must be a simultaneous strategy to retain talent and save talent. What’s the difference between retaining and saving?

Retaining talent is about a systematic, ongoing strategy to improve and change pieces within your work world that helps create an environment where your current employees want to stay longer with your company.

Saving talent is about having a systematic strategy that is designed to talk someone out of leaving your company for another opportunity. A save strategy goes into effect the moment you believe someone is going to leave you. That might be when they put their notice in, or maybe you start to hear about someone interviewing, etc. The reality is, there’s a good chance they are looking to leave your employment.

What does a save strategy look like?

Most save strategies are designed around critically hard-to-fill and/or revenue-focused roles. Roles that will have the most impact by keeping well-performing talent versus having to go out and try to hire new talent.

When you engage a save strategy, there must be concrete steps you take to try and talk the employee out of leaving. This might, and usually, includes multiple people, including senior executives up to the CEO. In a traditional notice situation, you have two weeks or so to work your strategy. While the person is in your employ you can have them travel, meet, and pretty much pay them to do what you need before they leave.

Traditionally, let’s face it, most of us waste these two weeks. We let the employee dictate what they will do and not do. This usually ends up being pretty much useless as the current employee just makes sure people know what they have going on before they leave.

What if you designed those two weeks around trying to do whatever it would take to keep that employee with your company? You might have them meet with the leadership team and discuss why they are leaving and what it would take to keep them. You might have them go try a different job they are interested in to see if they would be opening to transfer to another role or location.

I’ve worked with organizations that when a certain level of an employee put their notice in, they were immediately scheduled for a flight out to meet with the company executive team to discuss why they decided to leave and what the executive team could do to keep them. The success rate was 40%. Not perfect, but instead of hiring ten new employees for every ten that put their notice in, we only had to hire six! That made a huge difference for a stretched TA team!

The best recruit you’ll ever make is the one you don’t have to!

Tracking Remote Employees is an Amateur Move!

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I continue to see more and more technology being released by tech companies targeting c-suite executives who are paranoid their employees who are working remotely aren’t working! Mouse tracking software, keystroke tracking software, login/logout tracking, etc. It’s become a billion-dollar industry to track you while you work at home, just in case you’re not working at home and just screwing around!

The most ingenious employee is the one who is trying to get paid without doing any work! Check out this TikTok:

@leahova

It’s called mental health, Janice. Look it up. #wfh #workfromhome #corporatetiktok #worklifebalance

♬ original sound – Leah

Now, I don’t think Lea is trying to get away with not working. She’s a good one, she’s paranoid in the other direction. If I try and go to the bathroom may be the A.I. will tell my boss I’m not working and I’ll get fired! None of this software really works like this, but it’s all a slippery slope!

A better idea for tracking employees!

How about building measurable performance goals and just managing those!? OMG! How f’ing brilliant am I!?! I just gave you an idea from 1979 that actually works perfectly and you don’t have to make your employees feel like they are being micromanaged and tracked by Big Brother!

Seriously! How lame are you that you think you need to track an employee at home by how often they move their mouse!? If you’re an executive and you believe this is the cure to your corporate ills, it’s time to hang it up, Hank!

It’s the 21st century, we can now treat employees like adults and place goals and expectations on them, that we’ve sat down and worked with them on coming up with so that we all feel like we are getting a fair deal on this little employment contract we’ve put together. We give “X”, You give us “Y”, and we are all happy with “Z”! If you don’t give us “Y”, let’s dig in and find out why that is, and if you continue to not give us “Y”, we’ll stop giving you “X”.

Okay, for those bad at Algebra, I’m talking about you do your damn job and we pay you. If you decide to sit at home and watch Netflix and not do your job, we stop paying you.

A better idea than buying a “mouse mover”!

Quite that stupid job who thinks measuring your mouse movements is equal to work. Seriously, there are more jobs open than people alive right now. Leave! There are great companies that are waiting to hire you that will let you go to the bathroom as much as you want.

If you bought a mouse mover to sit at home and watch Netflix and get paid, but not work. Congratulations, you’ll eventually be fired and/or your company will go out of business. You win, I guess, for the time being. Just know the world hates people like you.

The Point is Finality

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Most work becomes a series of urgent events and tasks. We run from one urgency to the next, constantly fixing things to make them work better at the moment. Solving these urgencies gives us a great feeling of satisfaction. That was broken and I fixed it! Oh wait, there’s another one…

This might be the biggest cancer in organizations.

Quick fixes don’t ever really solve the underlying problem of why something isn’t working the way it should. We rarely work to solve the core issue and put a permanent solution in place. The time that does happen is usually after someone gets fired and the entire process has collapsed under a mountain of urgent fixes that have been cobbled together over months and years.

I see this on a monthly basis with leaders I speak with. I’m lucky to be on the front side of many of these conversations with leaders new in position who are working on building it the ‘right’ way. Finally, trying to get away from urgent fixes and put permanent solutions into play. To jump off the treadmill and add some finality to the process.

“We have always done it this way“.

That statement has gotten a bad reputation. We make fun of people who say it. When in reality, we should all be striving to say this statement. We’ve always done it this way because it freaking works amazingly! We had a problem. We worked our butts off to find the right solution for the long term, and unsurprisingly, it works and we kept doing it.

Jumping from one shiny new thing to the next, adding in stuff to cover up something that stopped working for now, because we don’t have time to truly fix the root cause, has become the norm for almost every department and function we have in organizations.

We’ve lost the view of “oh, I might have to live what I’m building here for the next twenty years, so I should probably make it work properly.” Instead, it’s “yeah, our process sucks, but we (add in excuse here), so we’ll just have to deal with it for now”. “For now” means until I either find a new job, or I get fired, or I move to another job or department.

I hate workarounds.

When someone tells me they are going to do something as a workaround I immediately have anxiety. Because what I hear is, “I don’t want to fix this the right way” I would rather fix it temporarily so it can be someone else’s issue down the road.

We have this belief that we can’t stop and fix things the way they should be. We don’t have the time, we can’t stop what we are doing. Until of course you get fired or leave, then someone ‘magically’ has the time to fix it the right way.

The worse spot you can be in is a cobbled mess of systems, processes, and people who don’t give a shit. If you find yourself in this spot there are only two options: 1. Leave; 2. Stop everything and fix it the right way.