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News & Insight

View RALI news and insights to keep up to date with the latest on trend developments relating to future leadership capability and experience requirements and the future world of work.

About 35% of current jobs in the UK are at high risk of computerisation over the following 20 years, according to a study by researchers at Oxford University and Deloitte. Go to http://www.bbc.co.uk/news/technology-34066941 and type your job title into the search box below to find out the likelihood that it could be automated within the …

2nd Mar 2018 | 03:55pm

Have you ever looked at another person’s daily accomplishments and thought, “How do they do it”? By the time most are pouring a second cup of coffee in the morning, some super-achievers have gone for a 5-mile run, hit inbox zero, a…

25th Jun 2022 | 06:00am

With 8.6% inflation—a 40-year high—many people are feeling the pinch in their wallets as the cost of food, gas, and rent rise. If you haven’t received a raise in the past year, it may be time to negotiate a higher salary. Inflation is a great negotiation tool because it’s an objective standard, says Andres Lares, managing partner at Shapiro Negotiations Institute, negotiation consulting firm.

“It isn’t me asking for a raise for an arbitrary reason, such as ‘I’m a very good worker,’” he says. “Your boss may or may not agree. But inflation is well documented. If you made $150,000 last year and you’re making $150,000 now, you’re effectively making less money [when it comes to buying power.]”

Ben Cook, CEO of the salary negotiation consulting firm Riva, tells his clients, “If you didn’t get an 8% pay raise this year, you got a pay cut.” “Assuming you didn’t do so poorly that you deserve a pay cut, it’s time to ask for a raise,” he says.

But it’s easier said than done for most people. Asking for a raise feels like a confrontation, says Cook. “Most people don’t like confrontation,” he says. “The cost of not negotiating is hard to visualize. It doesn’t feel like someone taking money away from you, but it’s money that you don’t earn. It is, in fact, the same thing.”

Cook says many people leave jobs unnecessarily because they didn’t give their current employer a chance to improve their compensation. Instead of avoiding an uncomfortable conversation, consider these strategies that can make the situation easier.

Plan What You’re Going to Say

The first step is to prepare. It helps to write out a script. The goal isn’t to read it word for word; it’s to get the key points firmly in your mind, says Lares.

“The conversation is emotional and can quickly get derailed,” he says. “Manage the emotion by knowing and practicing what you’re going to say. By the time you get to the actual meeting, it will feel like you already had the conversation, making you a lot more confident. It is perhaps one of the most powerful aspects of negotiating people overlook.”

Start (But Don’t End) With Inflation

Inflation is a great excuse to have the conversation. Lares suggests starting by saying, “I want to chat with you about a raise. Inflation has happened over the last year.”

But the entire conversation should not be around purely inflation: “It still comes down to do they want to keep you,” says Lares. “While they’re paying you partly to make up for inflation, it’s also because they think you’re going to be a productive member of the team moving forward. Be very clear about that.”

Come in with Facts

Have as many objectives points as possible when you ask for a raise. Instead of just blaming inflation, get real numbers. The U.S. Bureau of Labor Statistics calculator can show how higher prices are impacting your wallet. For example, $150,000 in May 2021 now has buying power of $138,145.

“Tell your boss, ‘I’m essentially making $12,000 less right now than last year,’” says Lares. “This demonstrates to other party that you thought it through.”

Also, come in with statistics that communicate your value to the company. For example, make the point that you generated $X in new business, had 100% employee retention in your department, acquired X number of new clients, or filed X number of billable hours.

“The more specific you are, the more confidence and conviction that relays, which is really important,” says Lares.

Look for the Win/Win

Instead of issuing an ultimatum like “Give me 20% or I’m walking,” approach your boss with an attitude of collaboration.

“You want to be polite and respectful,” says Cook. “Remember, companies don’t negotiate, people do. You’re talking to your boss. Your goal is to get your boss to advocate for you. Know why your boss will spend internal political capital trying to get you more money.”

Cook adds that negotiation should be a joint problem-solving exercise. “Remember, the company isn’t out to get you,” he says. “You share the same end goal. You’re coming up with creative solutions that meet your needs and advance their interests. It should be a win/win conversation.”

But Be Prepared for a “No”

It’s possible that your request will be denied. When someone says “no,” however, it’s important to determine if it’s just a no for the moment.

“The biggest mistake that folks make is internalizing the ‘no,’” says Lares. “They see it as a reflection of their perceived value, which may or may not be the case. It could be many other factors in play, such as temporary raise freezes.”

When you hear “no,” the next step is to table the request with the idea that you intend to bring it back up later. Lares suggests saying, “I understand it can’t be done at this moment. But when can we address this again, because it’s really important to me?” Then put that date on your calendar to make sure it doesn’t slip through the cracks.

It can help to clarify the steps to an eventual “yes.” Cook suggests asking what three things you’ll need to do to get a raise in the future. “Then start working on those three things,” he says. “You lay the groundwork so when you have that next review conversation, you’re ready.”

Remember, your salary increase is not top of mind for your boss, says Lares. “When you do go into the negotiation, you want to be prepared so you can do it safely and powerfully,” he says.

24th Jun 2022 | 09:00am

Job seeking is a grueling process, but it is also an opportunity to put your best foot forward in order to find a company that is the best fit for you.
Although it can be nerve wracking to sit through one interview after another, candidates should remi…

24th Jun 2022 | 06:30am

To face down the financial-crime threat, payments service providers can learn from banks while utilizing their own advanced technological skills.

24th Jun 2022 | 01:00am

Small and mid-sized organizations are finding it hard to hire a separate CDO to steward their data as part of their digitalization strategy. How can they administer their data?
The post Strategies for adopting data stewardship without a CDO appeared fi…

23rd Jun 2022 | 07:43pm

Dave Williams, Chris Hadfield and Robert Thirsk say the ISS offers the world a model for collaboration

23rd Jun 2022 | 06:39pm

If you’ve ever tried to change someone’s mind but found they were completely unwilling to budge in their thinking, it can help to understand how the brain works. Changing your mind—or someone else’s—is a complex process done through assimilation or accommodation, says David McRaney, author of How Minds Change: The Surprising Science of Belief, Opinion, and Persuasion and host of the science podcast You Are Not So Smart.

“When the brain is confronted with novel information that generates cognitive dissonance, we tend to assuage that conflict by either updating our interpretations information or updating the models of reality that we generated to make sense of it,” he says.

Assimilation is when the brain takes the new information and fits it into an existing model in the brain. Accommodation is when we acknowledge that our existing model is incomplete or incorrect. The brain updates the model so that the novel information is no longer an anomaly but a new layer of understanding.

The easiest way to understand how it happens is to think of a child who is learning how the world works and building complex neural structures. For example, if they see a dog for the first time and are told the word for it, the brain creates a category that defines “nonhumans walking on four legs” as dogs. If later they see a horse, they may say, “dog.” Their brain is going through assimilation. Once corrected, the brain shifts into accommodation.

“To expand your mind, you literally have to create a new category in which horse and dog exists,” says McRaney. “You have to change your mind, keeping what you already know but updating your interpretations.”

Why You Think What You Think

Everyone’s mind is filled with beliefs, attitudes, and values, says McRaney. He defines beliefs as an estimation of your confidence in the truth or falsity of a piece of information. Attitudes are positive or negatives evaluations of something. And values are an estimation of what is most important and most worth our time. All these things combined impact how someone thinks.

To better understand how someone can have beliefs and attitudes that are opposite of yours, McRaney likes to give the example of “the dress” debate of 2015. Some people saw the dress as being black and blue and others saw it as white and gold. If you saw the dress one way, you couldn’t see it the other.

“People were getting into arguments,” says McRaney. “They were saying, ‘There must be something wrong with you if you don’t see it how I do.’”

Turns out, the photo was overexposed, and how you saw the dress was related to the amount of time you’ve spent in sunlight versus artificial light. After two years of research with more than 10,000 participants, Pascal Wallisch, a neuroscientist who studies perception, discovered that the more time a person had spent exposed to artificial light, which is predominantly yellow, the more likely they saw the dress as being black and blue. Their brains were unconsciously processing the overexposure as being artificially lit, removing the yellow light, and leaving the bluer shades. For a person who had spent more time exposed to natural light, the opposite was true, and their brains subtracted the blue light and saw the dress as white and gold.

“We are not aware that our brains do this; we are just on the receiving end of the process,” says McRaney. “What is amazing is that your life choices lead to what sort of assumptions you see.”

Changing Someone Else’s Mind

When you meet people who disagree with you on certain topics, it’s important to realize that you’re unaware of all the forces that took place to create their conclusions. Someone else’s beliefs, attitudes, and values are made up of a culmination of years of experiences and behaviors. People can and do change their minds for a variety of reasons, and one of those is due to persuasion, such as a one-on-one conversation, a learning experience, or media messaging.

McRaney says successful persuasion involves leading a person along in stages, helping them to better understand their own thinking. “You can’t persuade another person to change their mind if that person doesn’t want to do so,” he says. “Persuasion is mostly encouraging people to realize change is possible. All persuasion is self-persuasion. People change or refuse based on their own desires, motivations, and internal counterarguing; and by focusing on these factors, an argument becomes more likely to change minds.”

If you get into an argument with someone and your only goal is to prove that you are right and they are wrong, you guarantee that neither side of that argument would understand the higher truth, which is why you see it differently. Instead, McRaney says it’s important to share your intentions up front. For example, you may be worried that someone is being misled or you believe there are other choices that could produce better results.

“Not only does that keep you on solid ethical ground, but it also increases your chances of success,” he says. “If you don’t, people will assume your intentions. If they believe that your position is that they are gullible or stupid or deluded or in the wrong group or a bad person, then of course they will resist, and the facts will now be irrelevant.”

Letting Someone Else Change Your Mind

When you try to change someone else’s mind, you should be open to having your own mind changed, as well. McRaney suggests asking yourself, “Am I right about everything?”

“Most people would say, No,” he says. “But then ask yourself, ‘What am I wrong about?’ Suddenly that becomes a very difficult question to answer. If you know that you must be wrong about something, and you’re not aware what those things are, the next question is, ‘How can I go about discovering?’ If you don’t have a clear answer for that, that means that maybe you are operating in a way that doesn’t allow you to discover your areas of ignorance or conflict.”

Some people are very eager to discover what they’re wrong about, and they seek it out. It feels good to update and accommodate. Some people are very resistant to it.

“It can be hard to change your mind because it’s much more difficult and cognitively more expensive and dangerous to accommodate,” says McRaney. “If you were to say to yourself that maybe I’m on the wrong side of this issue, completely factually incorrect, that requires a lot of updating all throughout the neural systems. So, we tend to resist and avoid that, especially when it’s connected to your identity.”

But being willing to change your mind can lead greater changes in culture and epiphanies that create a paradigm shift. “When creatures have the capacity to change but there’s little encouragement to do so, they remain mostly the same from one generation to the next,” he says. “But when the pressure to adapt increases, the pace of evolution increases in response.”

23rd Jun 2022 | 07:00am

The pandemic changed the way we work in very profound and wide-ranging ways. Some people immediately became remote workers, navigating the challenges of blending their home and work lives. Others kept reporting to their place of employment, facing myri…

23rd Jun 2022 | 06:30am

Crypto wallets store cryptocurrency for use in making crypto transactions via exchanges. Learn the top crypto wallet options for 2022.
The post Best crypto and Bitcoin wallets 2022 appeared first on TechRepublic.

22nd Jun 2022 | 08:36pm