activpayroll Newsletter

Forging your own path: Sandra Horbach on building a career in private equity

•

Dwindling empathy. Millions of working moms have departed the workforce during the COVID-19 pandemic, essentially trading paid labor for unpaid labor, says Reshma Saujani, founder of Girls Who Code. What’s more, two years into the COVID-19 pandemic, more than a million women in the US are still missing from the workforce. At the same time, employer sympathy for the plight of working moms is dwindling, adds Saujani, author of Pay Up: The Future of Women and Work (and Why It’s Different Than You Think).

•

Who’s watching the kids? Fewer than 11% of US employers subsidize childcare. Yet multiple studies show that moms can’t get back to work until they have reliable, affordable childcare. “Childcare is an economic issue, not a personal issue,” says Saujani. “Offering childcare as a benefit is a way for companies to manage their attrition.” For more on what’s holding working moms back and what men can do to help, read the full interview, part of our Author Talks series.

— Edited by Belinda Yu

Get moms back to work

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 10:08 - 28 Mar 2022

[Webinar Invite] The Designer Series with SwaggerHub

Hey Abul,

Join us on March 29th for the newest installment of "The Designer Series", our monthly tutorial to highlight a specific SwaggerHub use case.

In this month's installment, we will be covering the value of SwaggerHub for development teams as well as tips for how to navigate onboarding new team members into SwaggerHub!

Highlights of the upcoming session include:

How to integrate SwaggerHub into your team's development workflow
How to foster incremental growth while balancing organizational change
How to position & introduce SwaggerHub to your team
How to reinforce the value of a design-first approach to API development

To join us for this session, you can register here: "The Designer Series: Crawl, Walk, Run with SwaggerHub"

Hope to see you there,

Molly Farmer,
Senior Marketing Specialist at SmartBear

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by "Molly from SmartBear" <swaggerhub-team@smartbearmail.com> - 09:03 - 28 Mar 2022

Forging your own path: Sandra Horbach on building a career in private equity

the Daily read

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AN ARTICLE A DAY, PICKED BY OUR EDITORS

There’s been a ton of growth in private equity over the past couple of decades. Technology has been a driving force in accelerating change, and this has allowed for more interesting and transformative investment opportunities. One area that could use even more change is a focus on diversity, especially for senior leaders, according to Sandra Horbach, managing director and cohead of US buyout and growth at Carlyle. “We really think diverse teams result in better investment decisions. I’ve seen it over and over again: when we bring in diverse perspectives, we just come out with a better outcome. That’s true of investment decisions.” Get her perspective on the state of private equity today, the path forward on diversity and inclusion, and more in a new interview.

— Joyce Yoo, digital editor, New York

The cohead of US buyout and growth at Carlyle shares thoughts on the state of private equity, the path forward on diversity and inclusion, and advice on building a successful career in the industry.

Get perspective

Quote of the Day

“One of my hopes for the book, in addition to its being a fun read, is a benefit I’ve also seen for myself: it helps us shift away from our natural tendency to focus on the negative and actually begin to appreciate some of the other stuff that’s much more positive that happens all the time, even in difficult times.”

—Catherine Price, author and science journalist, on the power of fun in a new Author Talks interview

Chart of the Day

Chart of projected 2030 demand and supply of certain green materials

Take a 360-degree perspective

Also New

Cracking the complexity code in embedded systems development

How to manage—and eventually master—complexity in embedded systems development.

The flip side of large M&A deals

Research shows there is a 50-50 chance that companies pursuing large M&A deals will outperform industry peers. Here are the four actions executives can take to increase those odds.

Take a chance

Seven steps to help protect your ERP system against cyberattacks

Many companies’ enterprise resource planning systems, which house their most valuable data, are still too vulnerable.

Reduce the threat

Follow our thinking

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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:31 - 28 Mar 2022

activpayroll March Newsletter

activpayroll Newsletter

March 2022

Welcome to our first Newsletter of 2022.

There’s a lot of change happening at activpayroll - and one small example of that is from now on every Newsletter will feature a Guest Editor to help you navigate the content we have curated for you each quarter.

So, I am your Guest Editor this quarter - my name is Claire Stewart, and I joined activpayroll as Service Delivery Manager 5 months ago. I love the family culture here, and how it is so uniquely balanced with a huge ambition to be the best that we can be for our customers. There is an exciting wind of change in the air.

As a relatively new employee, I was encouraged to watch the video “activpayroll: new chapter”. It was great to hear our Chief Executive Officer, Jason Allen, and our business leaders talk about the change that I feel every day in our working environment. I really enjoyed hearing about where we are on this journey of change, and the future for the company.

I also enjoyed reading the International Women’s Day article. It was truly empowering to hear the advice from some my strong, and independent female colleagues. As a mum of two boys, the piece on raising children, and being superwoman really resonated with me. We can successfully be a parent and build a career, although it is not always easy. I am sure all of us mums fall foul at some point to the "failed superwoman" syndrome mentioned in the article! It’s great to work for a company who recognises the importance of getting this balancing act right (for both mums, and dads!).

But of course our newsletter is really designed to benefit you, not talk about our exciting journey. So the latest news section is full of articles to keep you informed about changes in the world of payroll, whether that’s happening in Singapore, Lithuania, Indonesia, or Malaysia!

Let our teams know your thoughts. We love to hear your feedback.

Latest News

New Opportunities - Building a global powerhouse

Over two decades of hard work have brought activpayroll to the industry’s cutting edge. We now serve over 1200 clients, in 154 countries, with an offering that includes global payroll, global mobility and global HR. In 2021, we opened offices in Dublin, Manchester, and Orléans, and launched a suite of global HR compliance, support, and advisory services.
We’ve charted new frontiers in every corner of the world, and created new opportunities in an array of markets - but our journey is only just beginning.

International Women’s Day

At activpayroll the success of women in the workplace really matters to us, and we have just wrapped up two workshops where female employees from our offices across the world talked about their thoughts pertinent to International Women’s Day.

Singapore Budget 2022 Highlights

Singapore’s Finance Minister Lawrence Wong announced the country’s 2022 budget on 18th February 2022. After the 2021 budget focused on financial resilience to the coronavirus pandemic, the 2022 budget shifts that focus to recovery. Driven by strong manufacturing, finance, insurance, and trade sectors, Singapore’s economy grew by a better-than-expected 7.6% in 2021, with a growth forecast of 3 to 5%.

Lithuania Raises Minimum Monthly Salary

In October 2021, the Lithuanian government agreed to a proposal to increase the country’s minimum monthly salary by almost 14% - from €642 to €730. The wage increase came into effect on 1 January 2022 and represented one of the most significant wage rises in Lithuania in almost a decade.

Alternative Ways to Celebrate Your Staff

The first Friday in March has become known as Employee Appreciation Day - and as the world finds its feet again, what better time to celebrate the contribution their employees have made to their businesses? Of course, as an employer, there are plenty of simple, tried-and-tested gestures you could make to show employees what they mean to you: everyone enjoys the traditional box of chocolates, afternoon off, or end-of-day drinks - but what if you wanted to think a little differently this year?

Indonesia: New Progressive Income Tax Rates for 2022

From January 2022, new progressive income tax rates come into effect in Indonesia. The changes include a new top individual income tax rate of 35% on income over IDR 5 billion, in addition to an increase in the upper threshold for the 5% rate from IDR 50 million to IDR 60 million.

Malaysia: 2022 Budget Offers

The Malaysian government delivered its 2022 budget in October 2021 with a range of measures intended to foster the country’s economic recovery in the wake of the Covid-19 pandemic. Themed as “Keluarga Malaysia, Makmur Sejahtera” (“A Prosperous Malaysian Family”), the budget is worth around RM332.1 billion, with expected revenues for the government reaching RM234 billion in 2022.

Zalaris and activpayroll Unite to Provide a new standard in integrated Global Payroll Solutions

activpayroll today announced its partnership with Zalaris, supporting medium and large size organisations with cloud based payroll and HR BPO services globally. Together, the two companies will provide a new standard of truly global payroll offerings for mid-enterprise, multi-country customers.

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by "activpayroll" <PR@activpayroll.com> - 05:53 - 28 Mar 2022

A leader’s guide to personal development

Leading Off

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ESSENTIALS FOR LEADERS AND THOSE THEY LEAD

Are perfect leaders born, rather than made? That’s what some research tells us. It can be disheartening to learn that only 10 percent of people have the natural talent to become great managers. But the more challenged 90 percent can cultivate many leadership competencies, mindsets, and skills if they invest in improving their capabilities. Lifelong learning and growth are prerequisites to survive in any executive job, and given today’s flatter hierarchies and increasing turnover, more professionals are likely to take on leadership roles at some point in their careers. This week, let’s explore some self-improvement techniques that may take you closer to the top.

AN IDEA

Photo of Jennifer Pharr Davis, founder and owner of the Blue Ridge Hiking Company

Listen to your ‘inner voice’

Often inundated with the advice and demands of others, leaders may let their personal goals and motivations languish. But your own instincts may be the best guide during times of conflict or crisis. In this interview, Jennifer Pharr Davis, founder and owner of the Blue Ridge Hiking Company, tells McKinsey the compelling story of how she overcame self-doubt, physical setbacks, and disparagement from others to set a record for the fastest time to hike the Appalachian Trail. “I faced a lot of criticism, so it was important to be in touch with what I felt and what my motivations were,” Davis says. “Everyone has that inner voice and inner drive, but it often gets muscled out. People need to carve out time to listen to that inner voice because it’s an important resource.” On the trail, Davis fashioned a unique program for herself to get through each day, including setting small goals, learning from failures, and playing to her strengths. Consider leadership a developmental journey, not a static role, and create practices for yourself to stay fresh and vital along the way.

A BIG NUMBER

160,000

That’s the extra annual cost in dollars for managing just one nasty leader who indulges in personal insults, sarcastic jokes, withering emails, and other displays of hostile behavior. Besides extracting a significant financial toll—such as the cost of anger management or other counseling, settling litigation by victims, and reorganizing departments or teams—workplace bullies inflict considerable human damage, driving employees out of organizations and increasing anxiety, stress, and burnout among those who remain. As they move up the corporate ladder, senior executives run the risk of becoming insensitive and unkind to others. Strive to treat people with dignity and respect, and establish workplace policies that prohibit abuse and aggression.

A QUOTE

“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”

That’s the historian Will Durant paraphrasing Aristotle in his book The Story of Philosophy. Good leaders make excellence a habit in their daily lives, whether it’s being organized, keeping mentally and physically fit, managing stress, or staying current with the skills they need on the job. But the best leaders go above and beyond that. To them, excellence is never an accident: they approach challenges in creative and innovative ways and infuse even routine tasks with energy, positivity, and humanity. Learning from the strategies of highly successful CEOs helps leaders at all levels up their game personally and professionally.

A SPOTLIGHT INTERVIEW

illustration of a dark room with an open door

For some executives, the most difficult postpandemic lesson may be learning a different leadership style. Trained in traditional top-down management, these leaders are “in the last gasp of that form of control,” says McKinsey’s Bill Schaninger in this podcast on keeping top talent in the fold. “Now, they have this little inconvenient problem of their employees not playing ball. Leaders might want to reconsider the actual nature of their relationship with those employees.” That means adopting an egalitarian, connected, and empathic approach to managing people; making the workplace less transactional; and creating tailored, multifaceted employee experiences. Leaders who don’t do these things “will have a completely mercenary workforce,” Schaninger says. “And that will all be because they’ve had a death grip on what they thought control was. It’s not going to work.”

THREE CUBED

Illustration of a broken heart shaped lolipop

You may not have time for standard classroom learning, but a simple heuristic—3x3x3—can help you achieve your development goals quickly and effectively as well as replicate the process throughout your career. The idea is to define three goals over a three-month period and round up three other people to support and hold you accountable for achieving them. Setting these parameters forces learners to be concrete and specific in their goals—factors that are critical to goal attainment—and to understand the kind of support they need. The 3x3x3 approach is a part of intentional learning, in which every project, meeting, or conversation becomes an opportunity to grow and improve.

Lead better by improving yourself.

— Edited by Rama Ramaswami, a senior editor in McKinsey’s Stamford office

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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 03:37 - 28 Mar 2022

What can the Internet of Things do for you?

McKinsey&Company

Transformational IoT

In the news

•

The perfect powder room. After a stressful few years, some US consumers are adding high-tech gadgets to make their bathrooms more relaxing. More than one-third of washroom renovations involve adding high-tech faucets and self-cleaning toilets with bidets or heated seats, a 2021 survey found. One smart shower on the market produces a 20-minute spray using only two gallons of water. Another connected bathing system lets users control the water’s volume and temperature through an app. [WSJ]

•

Safeguard privacy. Smart home devices can make our lives easier, but with more connected appliances also come added privacy concerns. Consumers often have to provide personal information to manufacturers when installing new devices. To protect themselves, users should consider limiting data access to the minimum amount required to run a device, say security experts. Consumers should also check regularly for software updates, and if a smart appliance seems unsecured, power it off and unplug it. [WaPo]

“It’s so important to think about who the IoT champion is within your company. Who is the person that’s going to take on this mantle and lead forward?”

China makes, the world takes

•

The connected home. Over the past few years, consumers have embraced Internet of Things (IoT) technologies in a remarkable way, McKinsey research shows. “Five years ago, the average American house had one connected device in it,” says McKinsey partner Mark Collins on an episode of The McKinsey Podcast. “Fast forward five years, and homes have over five connected devices on average.” Consumers are more interested in internet-connected physical devices after a prolonged time sheltering at home and after seeing improvements in smart speaker technology, Collins adds.

•

Mistakes were made. One thing that companies get wrong when implementing IoT is that the machines they buy aren’t always connected to each other, says McKinsey Global Institute partner Michael Chui. That can be a problem, since “well over 50% of the value that IoT can provide requires interoperability,” says Chui. For more on what companies are getting wrong about IoT and how connected devices are transforming fields from healthcare to manufacturing, listen to the full podcast.

— Edited by Belinda Yu

See what IoT can do

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:54 - 28 Mar 2022

The week in charts

the Daily read

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ALL THE WEEK’S DATA THAT'S FIT TO VISUALIZE

Our Charting the path to the next normal series offers a daily chart that helps explain a changing world—during the pandemic and beyond. In case you missed them, this week’s graphics explored the effects of the pandemic on shipping volumes in China, how mobility players are keeping pace with the effort to limit warming to 1.5 degrees C, the transition to electric mobility in sub-Saharan Africa, and the relevance of various risk types to European leaders across several industry sectors.

FEATURED CHART

This week’s other select charts

Taking carbon out of carmaking

Keep in touch

A used-car conundrum

Risk abounds. How ready are companies?

Follow our thinking

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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:53 - 26 Mar 2022

Working moms are burnt out, and Girls Who Code’s Reshma Saujani knows why.

Readers & Leaders

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THIS MONTH'S PAGE-TURNERS ON BUSINESS AND BEYOND

When schools and day-care centers shut down at the peak of the pandemic, moms stepped up. Between supervising remote school, doing housework, and preparing lunch, working mothers were now balancing two jobs and lots of cognitive labor, often causing their paying jobs to suffer. In this edition of Readers & Leaders—McKinsey’s monthly newsletter on the books business leaders are reading—catch a discussion on working-mother burnout with Reshma Saujani, interviews about why work isn’t working for women of color and how to achieve optimum performance at work and in life, and the month’s bestselling business books, prepared exclusively for McKinsey by NPD BookScan. Itching for more good reads? Check out McKinsey on Books for the latest, and to get Readers & Leaders in your inbox monthly, click here to subscribe.

AUTHOR TALKS

Photo of Reshma Saujani, founder of Girls Who Code

Millions of mothers have been pushed out of the workforce since the pandemic began, either downshifting to part-time work or leaving their jobs altogether to care for their children—and at disproportionate rates to their male counterparts. In a recent edition of Author Talks, we sat down with Reshma Saujani, founder of Girls Who Code, to discuss double standards in caretaking and more from her new book Pay Up: The Future of Women and Work (and Why It’s Different Than You Think).

“This wasn’t just a pandemic story. For far too long, we have been juggling too much. We were sold a big corporate lie: that we could ‘girl boss’ our way and ‘lean in’ our way to the top. We have always participated in a workforce not only not built for us but that has been stacked against us. I think moms are tired. I think we’re burned out. I think we’re angry.” Watch the full interview.

IT BEARS REPEATING

“When [my son] was born, he was what they call cortically blind, cortically deaf, and unable to have voluntary movement. … I took six months off. We found some really incredible people who had these crazy theories based on neuroplasticity. … We believed that the brain would change, and it took a long time, but at some point, I’ll never forget, we did airhorns in his ears and you saw his eyes move.”

—Scott Keller, McKinsey senior partner and coauthor of CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest, in a video on how his son impacted his life’s work.

IN CASE YOU MISSED IT

Deepa Purushothaman discusses why work isn’t working for women of color: “The idea that corporate America is a meritocracy really sets women of color up to struggle. It really sets us up to believe that we have to perform and behave in a certain way to rise, and I think that doesn’t allow us to be our full selves. It doesn’t allow us to bring the unique properties that we have and the power that we have to the workplace.’” Watch the full interview.

Rich Diviney shares SEAL team strategies for optimum performance: “In the team setting, it’s not at all about competition. In fact, it’s the opposite; it’s about vulnerability. The best—the highest performing—SEAL teams, for example, all did what we were able to do because we were all incredibly open to displaying our vulnerability.” Watch the full interview.

Catherine Price wants you to go have fun: “We typically think of fun as something that we can only have or experience when things are already going well, but what I’ve come to realize is that the opposite is true. Actually, fun can boost our resilience and our spirits in a way that makes it easier for us to cope with whatever life may throw our way, whether it’s a global pandemic or anything else.” Watch the full interview.

BUSINESS BESTSELLERS TOP

8

Welcome the first days of spring with this month’s top business bestsellers in eight categories, prepared exclusively for McKinsey by NPD BookScan, and explore the full lists on McKinsey on Books.

BUSINESS OVERALL

Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Penguin Group USA)

BUSINESS HARDCOVER

Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Penguin Group USA)

DECISION MAKING

Blink: The Power of Thinking Without Thinking by Malcolm Gladwell (Hachette Book Group)

ECONOMICS

The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale by John A. List (Random House)

ORGANIZATIONAL BEHAVIOR

Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Penguin Group USA)

WORKPLACE CULTURE

Who Moved My Cheese?: An Amazing Way to Deal with Change in Your Work and in Your Life by Spencer Johnson (Penguin Group USA)

DIVERSITY & INCLUSION

Caste (Oprah's Book Club): The Origins of Our Discontents by Isabel Wilkerson (Random House)

SUSTAINABILITY

Net Positive: How Courageous Companies Thrive by Giving More Than They Take by Paul Polman and Andrew Winston (Harvard Business Review Press)

BOOKMARK THIS

One book. Sixty-seven stories of extraordinary leadership

A new McKinsey book, CEO Excellence, reveals the six mindsets common among extraordinary leaders and shares practices you can adopt no matter where you sit in your organization.

Think like a leader

The McKinsey Download Hub

Download McKinsey’s signature reports and special collections on the management issues that matter, from leading through the COVID-19 crisis to managing risk and digitizing operations.

Get smart 

The McKinsey Crossword: “Ouch!”

25 across: Persuasion by means of moral pressure. Can you solve it?

Play now 

If you’d like to propose a book or author for #AuthorTalks, please email us at Author_Talks@Mckinsey.com. Due to the high volume of requests, we will respond only to those being considered.

—Edited by Molly Liebergall, an editor in McKinsey's New York office

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by "McKinsey Readers & Leaders" <publishing@email.mckinsey.com> - 11:49 - 26 Mar 2022

Forecasting the future of stores

the Daily read

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AN ARTICLE A DAY, PICKED BY OUR EDITORS

Do you prefer shopping online or in physical stores? Though online shopping has really taken off in recent years, brick-and-mortar stores are not going anywhere. In fact, in 2021, US retailers announced approximately twice as many store openings as store closings. Retailers who want their physical stores to remain relevant should pay attention to the changing needs of their customers and the omnichannel experience. A new episode of McKinsey on Consumer and Retail podcast explores the future of stores and the five things to get right.

— Babi Oloko, digital editor, New York

Person viewing an online shop on a mobile phone

Forecasting the future of stores

Shoppers’ behaviors and expectations have changed dramatically—and continue to evolve. If retailers want to keep their physical stores relevant, here are five things they’ll need to get right.

Look ahead

Quote of the Day

“It's something one really develops as oneself, so you have to be passionate about it. So believe in yourself, believe in what you're writing, be excited about it, tell people about it, and then just go do it, and keep doing it.”

—Jonathan Woetzel, senior partner, on his experience writing a book in the latest episode of My Rookie Moment

Chart of the Day

The rebirth of workplace design

Also New

Signed, sealed, and delivered: Unpacking the cross-border parcel market’s promise

As e-commerce continues to fuel cross-border package deliveries around the world, what should logistics providers pay attention to?

Watch your mailbox

Couple meeting with their insurance agent at home

How American Family Insurance is investing in the agency channel

As insurers rethink agent relationships, American Family Insurance is looking ahead, investing in digital tools and solutions that help agencies stay on top of trends and changing customer needs.

Investing in the future

Programmatic M&A: Winning in the new normal

How to successfully source and execute a string of deals that lead to the creation of a new business.

Understand the approach

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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:23 - 25 Mar 2022

Will ‘FemTech’ make healthcare more female-focused? It’s trying.

The Shortlist

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Our best ideas, quick and curated | march 25, 2022

View in browser

This week, we look at the progress being made in women’s healthcare and the challenges that remain. Plus, the pandemic is changing workplace design, and Tech for Execs explains how reordering the steps in data processing—from ETL to ELT—opens up a world of possibility for your data.

A gap in care. Women, one half of the world’s population, account for 80 percent of consumer purchasing decisions in the healthcare industry. Yet women’s health has been considered a niche market—a subset of healthcare. Approximately 1 percent of healthcare research and innovation is invested in female-specific conditions beyond oncology. Women have been underrepresented in medical trials, and the current global innovation pipeline reveals mismatches between health investments and health needs as they relate to women.

Making strides. The good news is that recent advances in genomics, tissue engineering, and cell and gene therapy can be applied to underserved female-specific conditions, creating better health outcomes for women. Current gaps also present new opportunities for investors, companies, and other stakeholders across the healthcare ecosystem.

Where does ‘FemTech’ fit in? The term, coined by the entrepreneur Ida Tin in 2016, encompasses software and tech solutions that improve healthcare for women, including maternal health, fertility, menopause, and general health conditions that affect them disproportionately or differently (such as osteoporosis or cardiovascular disease).

Since then, FemTech has grown to include a broader range of tech-enabled, consumer-centric products. For example, at-home diagnostics, trackers, and wearables are helping women take greater charge of their health and health-related data. Clinical-diagnostics companies are addressing unmet medical needs in areas such as endometriosis and preterm birth. And more companies are focusing on culturally sensitive and tailored care for Black women, LGBTQ+ populations, and women in low- and middle-income countries.

Beyond maternity. McKinsey recently analyzed 763 FemTech companies and found that that public awareness, company formation, and funding are surging as FemTech’s impact grows in more categories. For instance, Maven Clinic, which started as a virtual clinic in maternity care and expanded across the reproductive life cycle, is now valued at more than $1 billion.

Solid momentum. Although FemTech companies currently receive just 3 percent of all digital-health funding, forecasts suggest opportunities for double-digit revenue growth. In our scan of hundreds of FemTech companies, we found that many are filling gaps not yet addressed by biopharma and device incumbents. In a short period, FemTech has already demonstrated impressive early wins, improving women’s lives in a way that redounds across society. An even greater disruption could be ahead.

OFF THE CHARTS

The B2B balancing act

Although B2B companies have swung between e-commerce sales and field sales during the various stages of the COVID-19 pandemic, more buyers are now aiming for balance. A recent McKinsey Global Survey of thousands of B2B decision makers found that they have settled into using a mix of sales channels, although videoconferencing and emails have declined since the start of the pandemic.

Check out our chart of the day here.

INTERVIEW

Diane Hoskins, co-CEO of Gensler, a global design and architecture firm, has been thinking about effective workplaces for decades. In a recent interview, she discusses how COVID-19 has disrupted workplace norms, such as forcing companies to rethink open-plan offices that had been a source of distraction and stress for many workers even before the pandemic. “From a design standpoint, there’s now a conversation about what is the role of workplaces at the individual-worker level and not just at the company, industry, or world level,” Hoskins said. “That is a very powerful shift. It opens the door to new solutions that may be unexpected.”

What’s next for streaming services?

McKinsey&Company

The future of streaming

In the news

•

Shelling out for streaming. Thanks to streaming services, TV and film fans are binge-watching gobs of addictive, high-quality content. But with each platform creating its own slate of exclusive programming, the cost savings that led millions to cut ties with cable suddenly don’t seem so great. In fact, 43% of US adults said in a December survey that they were concerned about how much they spend on streaming subscriptions. That’s why the streaming industry’s next move may be to rebundle services. [Quartz]

•

In search of subscribers. In the first two years of the COVID-19 pandemic, people turned to streaming platforms like never before, with companies attracting millions of subscribers throughout 2020 and 2021. But a streaming giant’s lackluster forecast for new subscribers in the first quarter of 2022 seems to have dampened investor enthusiasm. To keep growing, media firms need to evolve: for example, by bundling streaming services with other perks such as merchandise or theme-park discounts. [CNBC]

“The future growth in streaming is going to be outside the US. Folks are going to look at what they have built and try to figure out who can help make their footprint more global.”

Private markets 2022: Private markets rally to new heights

•

‘Content without borders.’ “Today, technology is shrinking the world, and it’s becoming one global marketplace for content,” says Jeffrey Hirsch, CEO of media and entertainment company Starz. That means that within the next decade, consumers across the globe will have access to entertainment made in any part of the world, predicts Hirsch. Over the next two to three years, competition will be stiffest in subscription video on demand (SVOD): research shows global consumers will have four to six SVOD services in their homes.

•

Stories from anywhere, available everywhere. Two technologies will accelerate the expansion of streaming services to all corners of the world, says Hirsch. Compression technology can be used to put high-definition movies and series onto mobile devices in a cost-effective way. Voice recognition will enable consumers to quickly choose a language for audio or subtitles. For more on how Starz works with creators, connects with streaming audiences, and makes diverse content pay off, read the full interview.

— Edited by Belinda Yu

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:40 - 25 Mar 2022

Private markets 2022: Private markets rally to new heights

the Daily read

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AN ARTICLE A DAY, PICKED BY OUR EDITORS

After a year of turbulence, private markets bounced back in 2021, driven heavily by private equity. Fundraising levels surpassed their prepandemic peak, and assets under management (AUM) reached an all-time high of $9.8 trillion in July—up from $7.4 trillion the year prior. But as the world gets a handle on the challenges of the pandemic, growing environmental and sociopolitical risks threaten to undermine the global economy’s rebound. Get familiar with potential obstacles to increased deal volumes, the efficiency gains posed by digital and analytical technologies, and more takeaways from our most recent edition of McKinsey’s Global Private Markets Review. Make sure to download the full report.

— Molly Liebergall, digital editor, New York

Updated annually, our Global Private Markets Review offers the best of our research and insight into private equity, real estate, debt, infrastructure, and natural resources. Explore the findings from our most recent report.

Read the report

Quote of the Day

“The fact is, you can develop any attribute you want—you just can’t do it the same way as you can a skill. If you want to develop your patience, you have to find environments in which you can deliberately test and tease and develop your patience, whatever those environments might be.”

—Rich Diviney, a retired Navy SEAL commander, on developing attributes in a recent Author Talks interview

Chart of the Day

Understand customer priorities

Also New

A young small business owner using her laptop to check the customer's order details on her website

The five zeros reshaping stores

Consumers now demand much more than value and convenience—and tolerate fewer shortfalls.

Author Talks: Where are the women who are missing from the workforce?

Amid the pandemic, working mothers have had to downshift their careers to care for their children full time. Reshma Saujani says now is the time to change this dual burden.

Give working moms a hand

Putting the ‘A’ back in FP&A

Next-level FP&A teams build more speed and flexibility into their own processes, which can trigger more efficient and effective operations throughout the company.

Transform and grow

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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:09 - 24 Mar 2022

Importantes mises à jour de Kubernetes, New Relic à AWS Paris et bien plus encore!

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by "New Relic EMEA" <emeamarketing@newrelic.com> - 06:50 - 24 Mar 2022

BIAN + SmartBear: Enabling Open Banking Adoption and FinTech Innovation

Hey Abul,

You’re invited to join our upcoming webinar, BIAN + SmartBear: Enabling Open Banking Adoption and FinTech Innovation.

APIs are the building blocks for innovation and interconnectivity for financial services organizations. However, rapid API growth has introduced fragmentation in how APIs are designed, built, and secured, making it difficult for financial institutions to easily realize the advantages of an open platform.

BIAN (Banking Industry Architecture Network) has set standards for financial APIs, easing integration challenges for users. Together with SwaggerHub, financial institutions can easily consume these standards and drive forward FinTech innovation.

Join us on April 8 at for an interactive event featuring Arnab Mitra, Program Manager at BIAN and Micheál Higgins, Senior Solutions Architect at SmartBear, as they discuss standards and governance trends and the rich benefits of partner ecosystem connectivity.

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by "Molly from SmartBear" <swaggerhub-team@smartbearmail.com> - 01:55 - 24 Mar 2022

The rise of the FemTech unicorn

Intersection Subject Line

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DELIVERING ON DIVERSITY, GENDER EQUALITY, AND INCLUSION

In this issue, we look at FemTech—the definition and the latest developments—as well as the mismatch between health investments and women’s health needs.

THE FACTS

The market is there

More than $2.5 billion—that’s how much funding the world’s FemTech companies received last year (including all forms of capital raising). What do we mean by “FemTech”? Coined in 2016 by Danish entrepreneur Ida Tin, the term has grown to encompass a range of tech-enabled, consumer-centric products and solutions. These span menstrual health, pelvic and sexual health, contraception, fertility, maternal health, and menopause, as well as a number of health conditions that affect women disproportionately or differently, such as osteoporosis or cardiovascular disease.

FemTech funding is surging, but this is just the beginning. McKinsey analysis shows that there are plenty of white spaces in the start-up landscape, particularly in areas beyond fertility and maternal health. Some companies have already branched out: Maven Clinic, for example, started in maternity care and then expanded across the reproductive life cycle. The company was recently valued at more than $1 billion.

“Is there really still an unmet need in this area?” Although that attitude may be surprising, that’s the kind of question that some FemTech entrepreneurs continue to face, explains McKinsey senior partner Dr. Lucy Pérez.

McKinsey research shows that the market is there—and some investors are taking notice.

THE TAKEAWAY

Less than 2 percent—that’s the share of the global healthcare pipeline that’s focused on conditions beyond oncology that are largely specific to women. Remarkably, women’s health has been considered a niche market and a mere subset of healthcare—but that’s finally beginning to change.

That means more research on conditions such as endometriosis, which affects one in ten women and girls of reproductive age—and can often take a decade to be diagnosed. It means that more providers may recognize possible signs that a woman is having a heart attack—such as nausea, shortness of breath, and general discomfort. And it means that more women will have their pain taken seriously and receive appropriate treatment for it.

Here’s more from McKinsey on how modern medicine was developed with male physiology as the default, the consequences of women’s historical exclusion from medical trials, and the opportunities to better meet women’s healthcare needs.

Essential to keep in mind: the conditions discussed in this piece don’t affect cis women alone; transgender and nonbinary people may also share some of these healthcare needs.

— Edited by Julia Arnous, an editor in McKinsey’s Boston office

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by "McKinsey Intersection" <publishing@email.mckinsey.com> - 01:07 - 24 Mar 2022

Burned by higher prices? Here’s the best way to shrink costs and strengthen your business.

McKinsey&Company

Coping with costs

In the news

•

‘Shrinkflation.’ Check-processing fees, surcharges for materials, and charging for previously free services: companies are creating new ways to pass along cost increases to consumers, and often without changing the sticker price. Several industries have long employed what economists call “shrinkflation” during challenging times, downsizing packaged content to avoid conspicuous price hikes—for instance, selling cans of tuna with less meat. Hidden price increases may allow firms to pass along costs more easily, but consumers are also pushing back, forcing some businesses to cancel fees. [WSJ]

•

Pass the buck. Amid historically high inflation, more US small businesses are charging higher prices to account for rising costs, reveals a new survey. In January 2022, 47% of small-business owners said that they are passing costs on to consumers, compared with 39% last November. Another 32% said that if inflation persists, they’ll be forced to raise prices in the near future. Some small businesses are now unable to order supplies in smaller amounts, since vendors are favoring big clients that place high-volume orders. [CNBC]

Companies need better tools to tackle rising prices. CEOs can look for them across their business operations.

Author Talks: Attributes—not skills—determine whether you ‘cut it’ or not

•

Sticker shock. People everywhere are paying higher prices for materials, products, and services. At the end of 2021, Europe saw natural-gas prices rise to more than 12 times prepandemic levels, while in January 2022, the US consumer price index soared 7.5% over the previous year. For the first time since the start of the COVID-19 pandemic, executives consider inflation and supply chain disruption to be bigger threats to economic growth than the pandemic itself, according to a McKinsey survey.

•

Beyond the usual solutions. Raising prices and revisiting purchase agreements are typical ways of dealing with cost pressures that just won’t cut it these days. Leaders must look across the entire business, including every aspect of its operations, to reduce costs and protect the business from volatility. One electric-vehicle battery maker, by overhauling its production system, improved labor productivity by 75% and reduced defects by 80%. See our playbook for short-, medium-, and long-term ways to manage price increases.

— Edited by Belinda Yu

Control costs

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 10:17 - 23 Mar 2022

Attributes—not skills—determine whether you ‘cut it’ or not

the Daily read

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AN ARTICLE A DAY, PICKED BY OUR EDITORS

Who are we at our most raw? Rich Diviney, retired Navy SEAL commander and author of the book The Attributes: 25 Hidden Drivers of Optimal Performance, has a view. According to him, attributes such as patience, situational awareness, and adaptability often inform the way we handle situations, especially stressful and challenging ones. In a recent Author Talks interview, he delves into the importance of assessing and developing our attributes—and explains how reflection, self-understanding, and a bit of vulnerability can give you a performance edge. You don’t want to miss this.

— Katherine Tam, digital editor, New York

Retired Navy SEAL commander Rich Diviney explains why we react to stressors the way we do and how to achieve optimal performance.

Hone your attributes

Quote of the Day

“After decades as a bit player, additive manufacturing is on the cusp of stardom. Faster machines, better materials, and smarter software are helping to make AM a realistic solution for many real-world production applications.”

—Check out what opportunities lie ahead in additive manufacturing (AM) in “The mainstreaming of additive manufacturing”

Chart of the Day

Chart displaying used-car usage in sub-Saharan Africa