Banks in Electronic Benefits Delivery Business

Electronic benefits delivery is such a rewarding business that banks seem to fear only two things: policy changes and bad publicity. The publicity problems of EBT programs became obvious over the last three months of 2103 when three major EBT system failure scandals erupted. The threat of policy change is perhaps less visible. New regulations could take distribution of these benefits out of the hands of for-profit banks, limit the fees they are able to collect, or mandate a switch from EBT cards to different kinds of electronic funds transfer with fewer opportunities for generating revenue, such as direct deposit. But banks have nothing to fear in the new Agricultural Act; it’s only good news for the finance sector.  Banks in the Benefits Business
Banks Profit on Food Stamps

Is Working for Apple the Dream Job?

Jordan thought Apple would be the best job in the world.  One day, he reports “I wiped the iPad data clean, put the files I had been working on neatly on the server, left all their belongings on my desk, and I got in my car and drove home. I left a message for my boss and told him he’s the worst boss I had ever encountered in my entire professional career and that I could no longer work under him no matter how good Apple might look on my resume. The third party company that contracted me is furious because I’ve jeopardized their relationship with Apple, and of course they feel that I’ve acted highly unprofessionally by walking out. I’m not really proud of myself for doing that, and I do feel terrible for destroying the long relationship I had with the recruiter who helped me land the interview. This is all an especially difficult pill to swallow because I was so excited to work for Apple. I’m not sure if this will haunt me or not, but all I know is that I wanted to work at Apple really bad, and now not so much.”  Is Working for Apple the Dream Job

Is Apple Rotten ?

 

 

Are Companies Serious About Work Flexibility

Diversity Consulting firm Symmetra recently released the results of an international study of senior executives that exposes the bias against employees who take up flexible work options. While many large businesses make flexible work policies available to their workforces, the study found that attitudes exhibited by senior management demonstrate a lack of genuine belief in and support for flexible work.

The study revealed that flexible workers were perceived by management to be less serious about their careers, less credible and less likely to be able to build effective relationships and to develop others. In fact, a bias was found against flexible workers in 11 out of 14 attributes measured, with the only attribute that was found as having a positive bias for flexible workers was that they were perceived as having better work-life balance.

Findings like these go a long way in explaining the immense inconsistencies found in organisations between the desire for flexible work arrangements by employees and the actual uptake of those arrangements. Unfortunately, even when employers have a policy in place that supports flexible work, there is often a significant career disadvantage (both perceived and experienced) for those who choose to work flexibly. Consequently, many employees (both male and female) who would like to work flexibly do not request to do so, because they believe they will be taken less seriously in the workplace and their career will suffer.

The ever increasing reach and capability of technology provides a range of options for flexible workers, and while some core time in the office is usually a necessity, there are many tasks that do not require people to be in the office to deliver great results. When I think about how regularly many executives travel both domestically and internationally on business, it strikes me as interesting that rarely, if ever, does anyone question whether this time spent out of the office means these executives are not performing their jobs to a high standard. It is an interesting observation that regular absences from the office during business hours are often considered completely acceptable, but it is the reasons for which people are out of the office that some people find difficult to accept, with those working flexibly to balance work and other commitments (including family) being associated with negative traits and therefore held back.

Unfortunately because it is women who engage in flexible work most often, the biases revealed in the Symmetra study apply to a larger number of women than men and ultimately result in a gender bias. That said, I have a high degree of sympathy for men who would like to work flexibly but feel they would be disadvantaged as a result. I recently heard of a man who had taken parental leave to be the primary carer for his new baby, and during that time his leader resigned leaving a vacancy for which he applied. The hiring executive made the comment that “he obviously is not serious about his career” with reference to him taking parental leave. This is unfortunately an all too common but out-dated attitude that has no place in a modern workplace.

To truly move from a flexibility policy mindset towards an embedded culture of flexible work organisations need their most senior leaders to lead by example, adopting flexible work practices themselves and ensuring those working flexibly have a viable career path and access to the same opportunities as those who do not work flexibly. It is time for a courageous generation of male and female leaders who understand the vast talent that is available through the pool of flexible workers and who will challenge historical sacred cows about job design and outdated work practices to advocate and lead progressive change in this area.  Attitudes Toward Work Flexibiliy

Attitudes Toward Work Flexibility Work Flexibility

Can We Match Education and Jobs

A program in Haiti, supported by the Gates Foundation among others, is showing the way.  In the US, it is still politically incorrect to say that this kind of education is what we need.  Yet clearly there are jobs in this country.  It’s the match between trained employee and job that is missing. Secretary of Education Duncan traveled to Haiti last November.  Clearly he is aware of this answer.  Dial Up Degrees Make Sense

Online Education

Entrepreneurs: Is Shark Tank for You?

The producers of the ABC reality series Shark Tank are on a nationwide search to discover the next successful (and possibly wealthy) entrepreneurs, inventors, businesspersons, creators and innovators. In each episode, budding entrepreneurs are given the unprecedented chance to make their business grow immediately.

Like Crowdfunding, this is a novel and tech savvy road to venture capital for small businesses.  Whether or not you apply, you can benefit from watching the show and the questions asked by successful entrepreneurs as the start up companies defend their idea.  Watch

Shark Tank Casting Call  Apply

Shark Tank

Small Business Entrepreneurs at the Olympics

When Kurt Walchle told people that he wanted to see the athletes on the U.S. Olympic team wearing his company’s bracelets, a lot of people thought the Jacksonville (Fla.) entrepreneur was crazy.

Walchle is proving skeptics wrong again: Last year he struck a deal with the U.S. Olympic Committee to provide its 800 American athletes with Team USA-emblazoned, red-white-and-blue bracelets and luggage tags.

The marketing oomph of the Olympics isn’t reserved for big companies like Ralph Lauren or Nike, where the iconic interlocking rings and American flags adorn everything from T-shirts and caps to umbrellas, lanyards, pint glasses, and toy gnomes.  One nice plus for Walchle: His bracelets are featured on the Team USA shop’s front page.    Entrepreneurs at the Olympics
Paracord

Making an Old Product New

Companies achieve competitive advantage through acts of innovation. They approach innovation in its broadest sense, including both new technologies and new ways of doing things. They perceive a new basis for competing or find better means for competing in old ways. Innovation can be manifested in a new product design, a new production process, a new marketing approach, or a new way of conducting training. Much innovation is mundane and incremental, depending more on a cumulation of small insights and advances than on a single, major technological breakthrough. It often involves ideas that are not even “new”—ideas that have been around, but never vigorously pursued. It always involves investments in skill and knowledge, as well as in physical assets and brand reputations.

Elon Munk of Tesla takes an old product like a car and brings in into the future.  Elon Musk Takes Old Products into the Future

A New Train

Corruption in Construction Worldwide?

What makes construction so prone to shady dealings? One reason is simply that governments are such huge players in the industry. Not only are they the biggest spenders on infrastructure; even private projects require government approvals, permits, worksite inspections, and the like. The more rules you have, and the more people enforcing them, the more opportunities there are for corruption. And, in many countries, the process of awarding contracts and permits is opaque. As Erik Lioy, a forensic accountant and fraud expert at Grant Thornton, said “When it’s not clear how projects get approved, people assume the worst, and that provides incentives to do a bribe or kickback.”  Corruption in Construction Worldwide

Construction at Sochi