FEI Weekly

June 26, 2019

How Millennials deal with burnout, CFOs expect slowdown by 2020, but not a recession.

Mountain Climbing Can Teach Us A Lot About Teamwork

Stanford Business

Summiting requires cooperation and its success is determined by the weakest link. Groups must jointly decide whether to proceed to the peak. Safety, by comparison, is a task in which the party’s most expert member is responsible for success. When survival is at stake, choosing the best route and knowing when to turn back require deference to an experienced leader, not negotiation among group members. Sometimes differences, like levels of expertise, ought to be highlighted, not erased. In such cases, emphasis on cooperation and group decision-making can actually undermine the fact that one opinion deserves to be elevated above others.

4 Ways We Discourage Employee Engagement

McKinsey & Company

Senior executives routinely undermine creativity, productivity, and commitment by damaging the inner work lives of their employees in four avoidable ways: Mediocrity signals, strategic ‘attention deficit disorder’, creating chaotic situations for its workers, and misbegotten ‘big, hairy, audacious goals.' Spotting the traps from the executive suite is difficult enough; sidestepping them is harder still.

CFOs Expect Slowdown By 2020, But Not a Recession

The Hill

According to the survey, 75% of CFOs last quarter said they expected a slowdown of US economic growth by the end of 2020. "The silver lining, however, was that few expected a recession — in fact, only 15 percent expected an extended decline in economic activity," the report said.

Big Lots Chooses New CFO

Chain Store Age

Jonathan Ramsden brings to Big Lots more than 20 years of experience in senior executive roles with U.S. public companies in the retail and marketing services industries. He spent over seven years with Abercrombie & Fitch Co., joining as CFO in 2008 and later serving as the company’s COO. 

How Millennials Deal with Burnout

Ladders

A recent survey revealed that 96% of Millennials say burnout affects their everyday life. The top coping mechanism given was streaming shows and movies, followed by sleep, exercise and alcohol. 60% of respondents say they are either planning or considering making a major lifestyle change within the next year to reduce their burnout symptoms.