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MD, today's 🎙 webinar starts in less than 1 hour.
MD, today's 🎙 webinar starts in less than 1 hour.
There is still time to register your spot for today's webinar.Hi MD,
This is your last chance to attend today's webinar, don't miss out.
Webinar: An exclusive look at new research on global benefitsStarts in less than 1 hour - will you join us?
Date and times:
Thursday, September 22nd
6:00 PM UTC
2:00 PM EST
11:00 AM PST
Can't make the webinar but still want the recording?
If you can't make it today, please still register as we will send out the recording after the webinar to all those that register to attend.What will you learn?
-
What employees in different cultures expect from their benefits packages
-
How to create competitive benefits plans to attract top talent
-
How to manage a global benefits policy with DEI at the core
-
Which benefits drive employees to stay — or compel them to leave
-
Where gaps in management and employee perceptions exist (and how to fix them)
Your speakers:
- Rhiannon Payne - Senior Product Marketing Manager
- J Michael McMillan - Senior Manager, Global Benefits Advisory
- Amanda Day - Director of People Enablement
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by "Remote" <hello@remote-comms.com> - 01:01 - 22 Sep 2022 -
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Why digitization and electrification are the best business strategy
Schneider Electric
Building business resilience in times of energy crisisToday’s energy crisis is bringing companies higher costs and supply uncertainties. To keep operating profitably in these conditions, businesses need new strategies based on digitization + electrification.
Join us for the virtual Global Keynote, "Digital. Electric. Efficient. Sustainable.", and World Premiere with Schneider Electric Chairman and CEO, Jean-Pascal Tricoire, on October 12, 2022 at 1:00 PM CEST, to hear what actions and technologies can fortify your company's resilience and help it thrive in today's challenging circumstances.Visit the Innovation Hub in 3DBy registering for the event, you also get access to the Innovation Hub in 3D where you can explore our latest solutions for diverse segments and applications.+ Lifecycle Services From energy and sustainability consulting to optimizing the life cycle of your assets, we have services to meet your business needs. Schneider Electric
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by "Schneider Electric" <reply@se.com> - 04:03 - 22 Sep 2022 -
Put an end to dead-end work. Here are some how-tos.
Intersection
Say yes to the no Edited by Justine Jablonska
(she/her/hers)
Editor, New YorkInsights and strategies to nurture diversity, equity, and inclusion in the workplace. In your mailbox every two weeks.
Welcome to the new Intersection!
We’ve redesigned and revamped our newsletter to bring you the latest, most relevant information on diversity, equity, and inclusion (DEI) issues.
Successful companies know that inclusive workplaces are healthier and more effective. And as a leader, you want to help create environments where people feel they belong. But DEI matters can sometimes feel daunting, and it may seem simpler to avoid dealing with them altogether rather than to risk offending those you want to support and uplift.
At Intersection, we invite you to join an objective conversation about how to address DEI openly—and to act on it effectively.
In this issue, we look at some of the burdens facing women in the workplace. Already plagued by burnout at home and in the office, many women also find themselves sidelined into doing tasks that don’t necessarily advance their careers. It’s a common situation but fortunately one that leaders can help correct right away.
As we explore DEI in the coming weeks, we would love to hear from you. Let us know your thoughts on what you have read here or if you would like to know more about a particular topic. Drop us a line or three, and stay in touch.SPOTLIGHT
Women are feeling more burned out than ever before—even as productivity across corporate America soars to record-high levels. And it’s women who are helping to lead this burst in productivity, according to McKinsey senior partners Alexis Krivkovich and Lareina Yee in an episode of The McKinsey Podcast on the state of burnout for women in the workplace. Women are “stepping in … to be the type of leaders that companies say they most need and most value,” says Krivkovich. Women are doing more than their male peers to help their fellow employees navigate turbulent times, are 60 percent more likely to focus on providing emotional support, and tend to shoulder more household tasks than men do. But as a result: “Frankly, women are hanging on,” says Yee. “And that is probably the most blunt and simple way to put it.” And for LGBTQ+ women and women of color, the barriers to success and advancement are even steeper. Hear more from Krivkovich and Yee about the startling but also hopeful findings—including the positive impact of allyship and sponsorship—about women in the workplace.
DATA DROP
Women who are mothers are considering downshifting their careers or leaving the workforce altogether, according to LeanIn.Org and McKinsey’s latest Women in the Workplace research. And women are significantly more likely to consider taking these steps than men. PS Watch this space: Our 2022 Women in the Workplace report drops October 18.
IN THE NEWS
If you find yourself frequently taking notes at meetings, organizing your company’s holiday party, or being stuck with a low-revenue client, you are likely doing a nonpromotable task (NPT). These are the behind-the-scenes duties that keep companies running but likely won’t get recognized during performance reviews or in promotion decisions. Women tend to do more NPTs, but turning down these jobs can be tricky, since doing so often involves challenging deep-seated expectations about who does what in the workplace. Here are three ways to say no.
LISTEN IN
‘Women aren’t the problem,’ says Lise Vesterlund, coauthor of The No Club: Putting a Stop to Women’s Dead-End Work. “Organizational practices are.” She and her coauthors researched why dead-end work is hurting women’s careers—and damaging their organizations’ productivity and profitability at the same time. The authors also explore why so many women say yes to dead-end work: a massive, collective expectation that they will say yes. So they do. And that contributes to the persistent gender gap in advancement. Because when it comes time for promotion, these dead-end tasks can’t compete with higher-profile work or make enough of an impact on women’s careers. We spoke with Vesterlund as part of McKinsey’s Author Talks series to learn more and to ask what businesses can do to reverse this trend.
MAKE IT RIGHT
Vesterlund shares the following tip for organizations trying to be more equitable about who takes on NPTs: “We put names in a hat and draw out a name at random—it’s so obviously fair that nobody objects. These small changes can really help the organization improve the allocation of work.”
YOUR TURN
Have you learned any lessons from taking on nonpromotable tasks? Or from saying no to them?
Tell us what you think For McKinsey’s latest thinking on diversity, equity, and inclusion, visit our Diversity, Equity & Inclusion collection page.
Share these insights
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by "McKinsey Intersection" <publishing@email.mckinsey.com> - 01:25 - 22 Sep 2022 -
Think you know ESG? Skeptics say it’s a muddled concept, but here’s why it still matters.
On Point
Updating ESG for a new era
by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:28 - 22 Sep 2022 -
Tapping into opportunities in the US wellness market
Harmony Internal - McKinsey
Read new insights Edited by Joyce Yoo
Digital Editor, New YorkAre mindfulness apps, skincare products, fitness wearables, and vitamins a regular part of your life? If so, you are not alone—Americans are spending more than $450 billion on wellness products and services and the market is growing at more than 5 percent annually. As more innovative products and players enter the market, it is clear that wellness is a major priority for consumers and investors alike—yet the current offerings are not sufficiently meeting the needs of some groups including millennials and Black consumers. What can companies do to fill these unmet needs? A new article by McKinsey senior partners Martin Lösch, Warren Teichner, and their coauthors helps identify the gaps by laying out the nuances and trends of this booming market. Give it a read and explore the opportunities.
Quote of the day
—Pierre Gentin, senior partner and global general counsel in “McKinsey’s unorthodox general counsel”
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:13 - 21 Sep 2022 -
Spotting green business opportunities in a surging net-zero world
Harmony Internal - McKinsey
Be bold Share these insights
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Employees in frontline roles report the worst experience. Here’s how to help.
On Point
Our research on frontline workers of color Edited by Katherine Tam
Digital Editor, New York• Vital roles. Whether waiting tables or stocking store shelves, many Americans are introduced to the workforce through frontline jobs. Frontline hourly and salaried workers are a vital part of the US economy. But for too many workers, frontline jobs have become a starting point and an end point, especially for workers of color without a path to advancement. Three out of every four frontline workers want to be promoted, yet less than one in four achieves that, according to research by McKinsey senior partner Lareina Yee and colleagues.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:40 - 21 Sep 2022 -
How US companies can build resilience amid uncertainty
Harmony Internal - McKinsey
Get primed Edited by Katherine Tam
Digital Editor, New YorkInflation. Interest rates. Supply chains. Sustainability. These are some of the issues that are on the minds of leaders as they navigate through uncertainty and disruption. Are we at the end of a boom, the beginning of a bust, or something completely different? A new update by McKinsey senior partners Stephan Görner, Alex Panas, John Kelleher, Ida Kristensen, Asutosh Padhi, and their coauthors, explores these topics and examine how consumer behavior is affecting corporate profits. Check it out and see how short-term disruptions can be turned into opportunities.
Quote of the day
Chart of the day
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The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America
Asutosh Padhi, Gaurav Batra, and Nick Santhanam reveal manufacturing, an under-appreciated and under-valued sector of the economy, for what it really is: a reliable source of high-paying, domestic jobs and soaring stock prices—a bright spot in an economy that has too often been buffeted by external shocks. #TitaniumEconomyBook
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:27 - 20 Sep 2022 -
Introducing McKinsey Explainers
Harmony Internal - McKinsey
Direct answers to complex questions, backed by McKinsey's expert insights This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy.
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 10:46 - 20 Sep 2022 -
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Book a Free Demo TaskEye - Task ManagementManagers and employees, alike, can create and schedule tasks for the future, based on deadlines, employee availability, workload, and time offs. Try it Today! TaskEye - Expense ManagementKeep track of employee expenditures and process reimbursements accordingly. Compare your profits, liabilities, and ROIs with historic data points—to make financially wise decisions.
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APC Easy UPS Online เป็น UPS อเนกประสงค์ คุณภาพสูง ราคาประหยัดที่พัฒนาขึ้นเพื่อรองรับช่วงแรงดันไฟฟ้ากว้างและสภาวะพลังงานที่ไม่สอดคล้องกัน และมอบคุณภาพที่ผู้เชี่ยวชาญด้านไอทีนับล้านไว้วางใจทั่วโลก+ Lifecycle Services From energy and sustainability consulting to optimizing the life cycle of your assets, we have services to meet your business needs. Schneider Electric
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by "Schneider Electric" <reply@se.com> - 07:37 - 20 Sep 2022 -
What is inflation? A McKinsey Explainer
On Point
Our new series has the answers Edited by Belinda Yu
Editor, Atlanta• Avoiding sticker shock. When inflation occurs, companies usually pay more for inputs used in production, such as raw materials like coal and crude oil and intermediate products like flour and steel. To offset inflation, companies often raise the prices of their products or services. But if these increases aren’t done thoughtfully, they can alienate customers and depress sales, say McKinsey’s Alex Abdelnour, Emily Reasor, and colleagues. See our new McKinsey Explainer for five steps companies can take to smartly recover the cost of inflation.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:13 - 20 Sep 2022 -
The green IT revolution: A blueprint for CIOs to combat climate change
Harmony Internal - McKinsey
Take action now Edited by Sarah Skinner
Digital Editor, New YorkRight now, companies and governments are looking to AI, new technologies, and tech-driven business models to help combat climate change—but they can fall short of lofty goals when it’s not clear how to use tech best. A new article by Gerrit Becker, Luca Bennici, Andrea Del Miglio, Jeffrey Lewis, and Pankaj Sachdeva examines how tech leaders can use “defense” strategies to cut back on enterprise IT emissions as part of ongoing McKinsey analysis of tech’s role in cutting down on carbon. Course-correcting the IT practices already in play will be an important step in decarbonization, and one that can even save companies money. Don’t miss the three steps that CIOs can take today to turn the tide.
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:25 - 19 Sep 2022 -
Will you join us? 🎙Webinar: An exclusive look at new research on global benefits.
Will you join us? 🎙Webinar: An exclusive look at new research on global benefits.
There is still time to register your spot for our next webinar.Hi MD,
Will you join Remote for our next webinar? There is still time to lock in your spot.
Webinar: An exclusive look at new research on global benefits
Date and times:
Thursday, September 22nd
6:00 PM UTC
2:00 PM EST
11:00 AM PSTWhich benefits are most important to distributed teams? How can companies design benefits plans that are competitive in global markets?
In this special event, three benefits experts from Remote will reveal an exclusive first look at all-new research regarding benefits plans for global teams. Tune in to be the first to learn new insights into cross-cultural benefits plans; evolving expectations for remote and flexible work; and the key to diverse, sustainable workplace culture in 2023 and beyond.
What will you learn?
-
What employees in different cultures expect from their benefits packages
-
How to create competitive benefits plans to attract top talent
-
How to manage a global benefits policy with DEI at the core
-
Which benefits drive employees to stay — or compel them to leave
-
Where gaps in management and employee perceptions exist (and how to fix them)
Your speakers:
- Rhiannon Payne - Senior Product Marketing Manager
- J Michael McMillan - Senior Manager, Global Benefits Advisory
- Amanda Day - Director of People Enablement
Grow your headcount
without the headaches.
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by "Remote" <hello@remote-comms.com> - 08:16 - 19 Sep 2022 -
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by "Sangoma Technologies" <webannounce@sangoma.com> - 03:03 - 19 Sep 2022 -
A leader’s guide to social responsibility
Harmony Internal - McKinsey
The common good Edited by Rama Ramaswami
Senior Editor, New YorkThe concept of doing well by doing good dates back to the origins of modern industrialized companies. For example, in 18th-century England, pottery manufacturer Josiah Wedgwood provided housing, training, and a rudimentary form of health insurance for his workers, even building an early version of a “company town.” In the past few decades, the question of whether businesses should be socially responsible as well as profitable has been addressed in various ways, from the corporate social responsibility notions of the 1990s to the environmental, social, and governance (ESG) objectives that are critical to gauging an organization’s performance today. But given mounting pressures to deliver on both financial and nonfinancial goals, it can be difficult for leaders to figure out just how to translate ESG directives into practical actions. Frequently, it’s about knowing what to focus on—and what to leave out.
The key to making good ESG decisions lies in first understanding where your company is on the ESG maturity curve. Most major companies fall somewhere on the spectrum between minimum practices—basic risk mitigation and reporting—and advanced next-level measures that fully embed ESG into strategy and operations. The next step is to map your organization’s business model against each ESG dimension. As McKinsey senior partners Lucy Pérez, Hamid Samandari, and their colleagues suggest, define your company’s “superpowers”: What are its unique capabilities to have a differential impact? This will in turn determine which of the three ESG dimensions you need to prioritize and how you can identify initiatives that matter most to the company’s business model. For example, a pharmaceutical manufacturer may focus on social metrics such as accessibility and affordability, whereas a renewables company may prioritize environmental metrics such as reductions in greenhouse-gas emissions.
That’s the percentage of investors that can successfully integrate ESG reporting into their investment decisions—despite the huge volumes of information they receive. “Most large companies report extensively and ambitiously around ESG in order to inform their stakeholders,” says McKinsey partner Sara Bernow in this podcast. “However, the stakeholders have a difficult time making sense of all that reported data.” A lack of standardized frameworks and metrics limits the clarity and reliability of ESG assessments. Leaders can mitigate this by combining quantitative data with qualitative insights, Bernow says: “Since few companies have reported extensive ESG metrics for a long time, it’s best to use qualitative data to get a view of the trajectory.”
That’s McKinsey partner Robin Nuttall on the importance of understanding the relationship between an organization’s purpose and its ESG initiatives. Purpose—the positive impact that the organization hopes to have on the world—is “underpinned by purposeful activity, which often takes the form of environment, social, and governance factors,” says Nuttall in this McKinsey podcast. Aligning ESG efforts to the values that the company stands for is more likely to produce better business outcomes; otherwise, “the pitfall is that you may state a purpose but have no plan to deliver on it, or you may have a plethora of ESG programs, but nothing ties them together,” Nuttall says.
‘The days of separating shareholder interests from broader social interests are gone,’ says Karen Wood, chair of the board of South32, a diversified-resources company headquartered in Australia. In this discussion with McKinsey senior partner Michael Ellis, Wood recounts how COVID-19 led South32 to highlight the social element of ESG. Responding to the challenges of the pandemic, the company strengthened its focus on encouraging community education, leadership, and participation in the local economy, as well as helping with mental-health issues and fostering natural-resource resilience. “By 2050, we will all be well beyond this debate about shareholder interest versus broader stakeholder interest,” says Wood. “That debate will be well and truly settled—these are shared interests that can both be met simultaneously.”
When companies make exaggerated claims about the sustainability of their products or business operations, they’re often accused of greenwashing—a practice that is coming under increasing regulatory scrutiny. Like any movement, ESG has its share of skeptics. Its detractors claim that it is a distraction, too difficult to implement, and not measurable; some critics even advocate replacing the label “ESG,” since it can spark intense controversy in both corporate and political circles. For leaders who wish to better understand the debate, getting to know the players and participating in ESG initiatives are good places to start.
Lead responsibly.Share these insights
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:30 - 19 Sep 2022 -
The global economy is under serious pressure. What should be on your radar?
On Point
Critical insights, risks, and trends Edited by Katy McLaughlin
Senior Editor, Southern CaliforniaThis email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:27 - 19 Sep 2022 -
The week in charts
The Week in Charts
Quantum technologies, biotech investments, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:58 - 17 Sep 2022 -
Authentic leadership, climate and insurance, and more big reads: The Daily Read weekender
Harmony Internal - McKinsey
Dive into the weekend with these reads CURATED PICKS FOR YOUR DOWNTIME, FROM OUR EDITORS
Joyce Yoo
Digital Editor, New YorkWe've made it to the weekend, so it's time to unwind with some of this week's big reads on leading authentically, the nuances of mentorship, net-zero, and more.
Quote of the day
—Poppy Jaman, CEO of the MindForward Alliance, talks about mental health and the importance of overcoming stigma with McKinsey senior partner, Ramesh Srinivasan in “‘Be brave, not perfect,’ says mental health advocate Poppy Jaman”
Chart of the day
ready to unwind?
Share these insights
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Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007
by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:13 - 16 Sep 2022