Money Lessons with Andrew Temte, PhD, CFA

Welcome to the Saturday Morning Muse! We’re entering my favorite season of the year tomorrow – fall!

In last week’s Muse, I had an open letter to employers and leaders regarding employee engagement and policing return-to-office policies. This week is an open letter to employees regarding the same subject… Employee engagement is indeed a two-way street.

Enjoy and have a great weekend…

#leadershipdevelopment #employeeengagement #activedisengagement #disengagedemployees #badmanagers #badbosses #returntooffice #corporateculture #humanresources

I talk a lot about employee engagement in this forum and about the costs/dangers of employee disengagement. According to a recent Gallup survey, for the full year 2023, only 33% of employees are ‘engaged’ in their work—a slight uptick from the previous year’s number of 32%. More importantly, the proportion of employees who are actively disengaged fell slightly to 16% from a 2022 high of 18%. While this represents a small year-over-year improvement, Gallup estimates that the impacts of active disengagement amount to $1.9 trillion of lost productivity in the US. Putting it into perspective, that’s a whopping 8% of US GDP. Just imagine the lift in economic growth, equity markets, trade, etc., that would accompany a significant reduction in active disengagement!

Learn more at www.andrewtemte.com.

#leadershipdevelopment #employeeengagement #activedisengagement #disengagedemployees #badmanagers #badbosses #returntooffice #corporateculture #humanresources

Is growth for the sake of growth a good thing in business? What’s the growth trap and how is it affecting the health of your organization? In this episode, I’m talking about mergers & acquisitions and the growth trap that many leaders unwittingly fall into. 

Learn more at: www.andrewtemte.com

Enjoy and have a great weekend…

#GrowthTrap #Mergers #Acquisitions #M&A #EmployeeEngagement #ContinuousImprovement #CorporateCulture

The question today is this. Is bigger always better? In zucchini, the answer is a resounding no. In business, the answer is a bit more nuanced, but bigger is certainly not always better.

As leaders, we routinely fall into what I like to call the growth trap. The growth trap shows up in various forms, but it can be a huge morale killer and represent significant risk to the business. One way the growth trap evidences itself is in your business’s annual budgeting process. Some companies take a thoughtful bottom-up tack in which each functional area of the business submits forecasts for the upcoming year based on inputs from marketing, sales, product management, operations and other client/customer-facing parts of the business...

For the full transcript and to learn more, visit www.andrewtemte.com/saturday-morning-muse

Is it really the case that nobody wants to work anymore? Is it really the case that GenZ is lazy?

My advice is instead of looking down your nose and denigrating members of the generations that follow you, lend a hand. Use your gifts to mentor, lift up, and inspire those who are less experienced than you are.

To learn more about Andrew Temte, visit www.andrewtemte.com.

Working with Intention: Self-reflection and the use of the five whys requires an open mind and a strong ego in order to challenge potential unconscious bias and consider answers that may not be popular or fit neatly into existing narratives. Hence, it's seldom the case that meaningful results come solely from self-reflection exercises. To make more progress, we will need the help of our coaches and mentors.

Visit www.andrewtemte.com/saturday-morning-muse for the full transcript of this episode and to learn more about all things Andrew Temte

Subscribe to the show on Apple Podcasts at: https://podcasts.apple.com/us/podcast/saturday-morning-muse/id1741154728 

I do my best to keep The Saturday Morning Muse out of the political spectrum, but this week I will make an exception. As we march toward election day on November 5, 2024, it’s important that our voices are heard and that we exercise our rights to free speech. This episode is on the longer side of things and should be watched in its entirety. To do otherwise would mean that what I have to say has a high probability of being taken out of context and twisted for political gain.

Visit www.andrewtemte.com/saturday-morning-muse for the full transcript of this episode and to learn more about all things Andrew Temte

The sources of insecurity abound. Jealousy, unresolved failure, challenging relationships, lack of skill/education, poor planning, bullying, institutionalized bias, and the absence of a sense of belonging are but a few. To punch the point regarding the fluid nature of insecurity, just spend a little time with the preceding list and explore how easy it is to find examples where these issues apply both at home and at the office.

Subscribe to the show today on your favorite streaming service!

Learn more at www.andrewtemte.com.

A business is a collection of written and unwritten contracts with and between employees, vendors, governmental agencies, and customers. A high functioning business is one that takes those contracts seriously and establishes clear and concise rules of engagement along its vectors of interaction both internally and externally. To connect this back to previous conversations, a high functioning business builds and installs a management operating system that’s rooted in a foundation of continuous improvement and organizational health. Guardrails, systems, and processes are established and continually refined/reinforced to allow for trust to flourish.

Everyone wins when “my word is my bond” becomes woven into the fabric of your organizational culture. Accountability and trust simultaneously improve as the nooks and crannies to hide half-truths, speculation, and agendas that run counter to the company North Star become fewer and farther between.

Learn more at www.andrewtemte.com.

How can we reduce political polarization? I fear that we are becoming anesthetized to what would be considered vicious, uncivil, unacceptable, and unproductive discourse to a prudent, independent observer.