The Work In Progress Report
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How risky is crowdfunding?

How risky is crowdfunding? | The Work In Progress Report | Scoop.it
Media reports abound of blockbuster crowdfunding efforts, but only 44% of Kickstarter campaigns hit their targets.
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The crowdfunding reality - "barely 44 percent of Kickstarter campaigns reach the fundraiser’s monetary goal."

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Legal sector facing disruption from 40 AI companies, new report finds

Legal sector facing disruption from 40 AI companies, new report finds | The Work In Progress Report | Scoop.it
The traditional legal sector is facing disruption from 40 AI companies using automation to solve daily legal tasks which have not changed in decades, a new report by LawGeex finds.
Sophie Wade's insight:

How is the Future of Work disrupting your sector? To thrive, law firms will best proactively and strategically address the impact of artificial intelligence and other technology on entry level jobs, recruiting, career progression, and current revenue streams.

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How do you 'innovate' a law firm?

How do you 'innovate' a law firm? | The Work In Progress Report | Scoop.it
A man recently approached me during a break in a workshop I was running and said, “You ran innovation at a large global law firm, right?”  No matter how it
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Interesting article - inside the law firm think outside the law. How to change the dynamics inside a very structured environment.

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An unforeseen retirement obstacle: A grandchild’s college loans

An unforeseen retirement obstacle: A grandchild’s college loans | The Work In Progress Report | Scoop.it
Older employees are holding student debt on behalf of their children or grandchildren, at the expense of their own post-work savings. The City of Memphis stepped in with a plan.
Sophie Wade's insight:

Student debt is hindering people from getting married, grandparents from retiring and more. Loan payments are compelling benefits for Millennials.

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Safe artificial intelligence requires cultural intelligence –

Safe artificial intelligence requires cultural intelligence – | The Work In Progress Report | Scoop.it
Knowledge, to paraphrase British journalist Miles Kington, is knowing a tomato is a fruit; wisdom is knowing there’s a norm against putting it in a fruit salad.
Sophie Wade's insight:

Artificial intelligence is impacting our work and personal lives in all kinds of ways. The more thoughtful we can be about how we utilize technology, the more beneficial the outcomes can be. 

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What You Could Have Bought Instead Of College

What You Could Have Bought Instead Of College | The Work In Progress Report | Scoop.it
If a parent were to take the same $45,000 spent on college tuition each year for four years and instead invest it...that money would be worth nearly $4.5 million after 50 years.
Sophie Wade's insight:

Education is out of sync with the job market. Questions about college will resound until content is updated—to better prepare people with the new skills they need and for yet-to-be-defined Future-of-Work jobs—and its value begins to match its cost.

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Right-skilling for your future workforce | Organization | McKinsey & Company

Right-skilling for your future workforce | Organization | McKinsey & Company | The Work In Progress Report | Scoop.it
The fourth Industrial Revolution, as some call it, has the potential to disrupt entire industries and trigger massive job loss through technological innovations such as artificial intelligence, machine learning and 3D printing.
Sophie Wade's insight:

By 2030, up to 375 million workers globally will have to master fresh skills as their current jobs evolve. What skills will your company need in the next few years? Who will be providing them and how?

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How you should prepare for the future of machine learning- and AI-based communication | V3

How you should prepare for the future of machine learning- and AI-based communication | V3 | The Work In Progress Report | Scoop.it

Communications between man and machine rely on context, communications, artificial Intelligence, communications, machine learning, automation.

Sophie Wade's insight:

Are you thinking about how to prepare for the Future of Work? Read how you can get ready for the future of machine learning- and AI-based communication.

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Urban innovation labs, hubs, coworking spaces… Which one to choose to boost your innovation?

Urban innovation labs, hubs, coworking spaces… Which one to choose to boost your innovation? | The Work In Progress Report | Scoop.it

"Corporates are not only looking to create in-house innovation arenas where they are able to support their highly creative thinkers, but they are also starting to turn their attention to innovation intermediaries which can help them connect to various actors of diverse and dynamic urban ecosystems to catalyze innovation and accelerate learning."

Sophie Wade's insight:

How aware are you about how, where, and when you and your team work best and doing what? Self-awareness is essential to develop if your company wants to thrive in Future-of-Work environments. Tips to choose good workspaces depending on personal and team preferences.

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Millennials expect a destination, not an office | | Business Technology

Millennials expect a destination, not an office | | Business Technology | The Work In Progress Report | Scoop.it

"Key themes that derived from Chargifi’s panel discussion: - The expectation of a seamless experience created by consumer tech is influencing employee retention."

Sophie Wade's insight:

Are you creating the Future-of-Work workplace experience that your employees are looking for? In a tight labor market, an engaging physical work environment can make a significant difference--especially with Millennials.

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Embracing Empathy: 3 Ways to Benefit from the Latest Business Buzzword | Workfront

Embracing Empathy: 3 Ways to Benefit from the Latest Business Buzzword | Workfront | The Work In Progress Report | Scoop.it
Everyone’s talking about empathy these days. There are best-selling books about it (both for and against). There’s even an Empathy Index that rank
Sophie Wade's insight:

Empathy is the secret sauce for success in Future-of-Work environments. Useful tips on how to integrate empathy into your working life:

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Empathy: Essential for Effective Leaders and Teams

Empathy: Essential for Effective Leaders and Teams | The Work In Progress Report | Scoop.it

Leaders with empathetic approaches are better-equipped to build trust-based, reciprocal relationships and effectively manage their increasingly distributed and blended teams. 

Sophie Wade's insight:

Have you tried bringing empathy into your work practices to improve results and relationships w coworkers and customers? Try it. You’ll see how effective it is. If you’re interested to hear more, please click and vote for my session at SXSW⁩ 2019. Thank you.

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Your colleagues are not dinosaurs – it's workplace routines that make innovation difficult

Your colleagues are not dinosaurs – it's workplace routines that make innovation difficult | The Work In Progress Report | Scoop.it
Implementing innovations is often much harder than thinking them up in the first place, writes a research fellow in Information Systems.
Sophie Wade's insight:

Great advice on how to implement new Future-of-Work practices effectively with a better chance of success - incl. create new routines to replace old ones and aim for a more agile organization overall

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Why Curiosity Matters

Why Curiosity Matters | The Work In Progress Report | Scoop.it
New research shows that curiosity is vital to an organization’s performance—as are the particular ways in which people are curious and the experiences they are exposed to. This package examines how leaders can nurture curiosity throughout their organizations and ensure that it translates to success.
Sophie Wade's insight:

IDEO suggests you should hire for curiosity. I certainly agree in the new world of lifelong learning. 

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Ep 89. Amy Edmondson: Creating the Fearless Organization —

Ep 89. Amy Edmondson: Creating the Fearless Organization — | The Work In Progress Report | Scoop.it

Amy Edmondson is the Novartis Professor of Leadership and Management at Harvard Business School. Her work on teaming, psychological safety, and leadership influences corporate and academic audiences around the world. In November Wiley will publish her latest book, which is called The Fearless Organization.

Sophie Wade's insight:

How to collaborate well? Show open mindedness to all ideas. Use language that encourages people to share, ask questions, listen, validate, contribute, and explore rather than critique. Interesting insights here

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How Artificial Intelligence Is Revolutionizing Business

How Artificial Intelligence Is Revolutionizing Business | The Work In Progress Report | Scoop.it
Sophie Wade's insight:

There is a stark gap between companies that have digitized and are utilizing technological advances--especially artificial intelligence--to transform their businesses.

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Gradifi

Gradifi | The Work In Progress Report | Scoop.it
Help your employees pay down their student debt faster with direct contributions. Get a clear edge in recruiting and retention by providing student loan repayment as a benefit.
Sophie Wade's insight:

Want to attract Millennials? One way: help them pay off their student loans. A key source of distraction and stress in the work lives of younger workers. Future of Work benefits create more engaged higher performing employees.

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The Economist on Twitter: "In Europe, involuntary part-time work rose between 2005 and 2014. What can be done to help those who want to work full time?… https://t.co/pffqXA5kA2"

Sophie Wade's insight:

Full-time work is great for many people. It’s not THE best goal for others who need/prefer different arrangements. Let’s better support non fte jobs so more options are viable for sustainable living. This works for strong and weak labor markets for individuals AND employers 

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Labor Day's Future of Work Muse

LABOR IS LOVED OR LOST. We have a tight labor market and a talent-focused workplace that is fast evolving to accommodate technology’s advances. Paying close—and caring—attention to your workforce is a priority or you will lose productivity and people. Here are tips for starting fall strong:

 

L – LEADERSHIP – Be inclusive. Encourage all generations. Raise younger employees’ profiles, especially for guiding and implementing digital transformation projects.

 

A – ACCOUNTABILITY – Share responsibility. Empower decision-making down and across your organization, emphasizing expertise not tenure.

 

B – BENEFITS – Customize options. Survey what your employees really want and research choices - such as affordable, different wellness alternatives.

 

O – OPENMINDEDNESS – Highlight essential values. Promote cognitive diversity encouraging consideration of ideas and debate with all workers participating.

 

R – REVIEW – Iterate often. Progress, test, check, and confirm reasonably frequently to adjust for evolving conditions when necessary.

 

D – DECENTRALIZED WORKFORCE – Support them, individually. Understand what each person needs in terms of technology, training and oversight.

 

A – ASSESSMENTS – Check-in weekly. Coaching employees helps them navigate changing environments with forward-looking discussions.

 

Y – YES – Say yes (and then qualify or tweak). Use empathetic language and approaches to validate and motivate workers. Eliminate ‘but’!

 

If you would like your workforce to be geared up for top performance this fall, email Sophie.Wade@FlexcelNetwork.com

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The hunter method productivity hack can bring clarity to your day —

The hunter method productivity hack can bring clarity to your day — | The Work In Progress Report | Scoop.it
It sounds promising and it's dead simple.
Sophie Wade's insight:

How are you guiding your employees and team members to be most productive? What habits can help them be most effective? Coaching and training supports your employees good habits.

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Otto Scharmer on the four levels of listening

Listening is the most underrated of leadership skills, leading to a disconnect between leaders and the situation. Otto describes four levels of listening
Sophie Wade's insight:

Listening deeply - really hearing other people AND hearing what isn’t said helps people collaborate and succeed in decentralized teams.

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flexible work options most popular benefit

Here’s a hint: The most desired worker perks have to do with time away from the workplace.
Sophie Wade's insight:

Concerned about the tight labor market? How are benefits helping your company attract and keep key employees (especially Millennials)? Paid family leave and flex/remote work are TOP PERKS. Reduce set-backs from unfilled positions for Future of Work success and growth.

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Digital disruption is catalysing next generation professional services | | Business Technology

Digital disruption is catalysing next generation professional services | | Business Technology | The Work In Progress Report | Scoop.it

"Digital disruption is battering everything from retailing, high street banking to taxi hailing and while professional services have appeared resistant to digital transformation, that too is about to change"

Sophie Wade's insight:

Has your company made its Digital Transformation yet? Best get behind the disruption instead of being blindsided by it. A great opportunity to find a new balance of talent and technology with the new highlighted talent agenda.

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This Week's Future of Work Muse 

PERSONALITY PITCH. It’s time to get personal. Who are YOU? I’m an ENFP. If you are familiar with the Myers-Briggs personality types, you now have a good amount of information about my preferences—my likely style of communication, areas of strength and weakness, and whom I might work most effectively with at your company.

 

These are powerful insights and ones that would make much sense for me to reveal to a boss and team members to promote effective collaboration. What about sharing them with a strategic partner or other business relationship to support negotiating a productive conclusion?

 

Who does that though? Not too many people do yet. The number is growing though as the spotlight is starting to shine on talent. Especially as the workforce becomes decentralized, there is now greater desire, indeed need, for more understanding about managers’ and team members’ personalities, strengths, and skills to promote effective interactions and habits, and improve outcomes. 

 

I am currently enjoying Ray Dalio’s book, Principles. I love the idea he developed and implemented at his company, Bridgewater. Each employee has their own “baseball card” which documents their personality traits, strengths, skills, and elements of their track record. These are available for any colleague to view to help understand who they are and how to interact well, and how to create the strongest teams, matching complementary skills, traits, and strengths. 

 

In the past, we have each been defined by our company, department, and title. As business evolves, the focus is more on changing skills’ needs. Careers are becoming more latticed and weave through and between companies. Now, the weighting is more on us as individuals to define ourselves.

 

It’s not just about personal branding, but also about identifying our strengths and skills so that we can create and benefit from having our personal “baseball cards”. When we know more about who we are, we can work out what we want to emphasize and develop to improve our performance, maximize outcomes and progress, and manage our careers more easily.

 

If you are interested to understand more about Future-of-Work talent management, please contact me - Sophie.Wade@flexcelnetwork.com  

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Wall Street Erases the Line Between Its Jocks and Nerds

Wall Street Erases the Line Between Its Jocks and Nerds | The Work In Progress Report | Scoop.it
There used to be a strict hierarchy: Traders made money and won glory while programmers wrote code and stayed out of sight. Those days are over.
Sophie Wade's insight:

How is the balance of talent and technology evolving at your company? “Traders haven’t been replaced by technologists so much as merged with them”.  For ANY sector, division or company, this is part of Future of Work Digital Transformation.

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Why do some jobs disappear forever after recessions?

Why do some jobs disappear forever after recessions? | The Work In Progress Report | Scoop.it
Finance professor Nikolai Roussanov discusses his research into job polarization during the Great Recession and the 2008 financial crisis.
Sophie Wade's insight:

Restructuring--including Digital Transformation--can often happen during a recession when companies are incentivized to adapt to survive. Skill needs accompany these changes. How are you keeping your skills up with CURRENT technology needs?

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