My commitment

In the beginning of 2021, I determined to write a blog entry every single day on this blog and started on 3 January. Thankfully, I’ve been able to keep up through the year despite the challenges and crazy schedules. It has been a real joy sharing ideas daily, particularly around themes that resonate with readers.

Specifically, I’ve been very passionate about uncovering the perils of work, future of work, and the challenges that our education system face in juggling the needs of the world and being human. This is the main reason I started my coaching practice (and also more resources here). It is interesting that ultimately, a blog is a public-facing platform but at the end of the day, the work on the blog is not done so much for people out there to read; more often, it is for myself. It is a chance for me to practice putting the ideas out, to clear my thoughts, and to recognise when they are cloudy.

So the question that comes is whether I’d continue with doing that in the new year. Honestly, I’ve gain so much from this practice that I definitely intend to continue the commitment, and to build it into a proper habit for the rest of my life.

Culture of appreciation

As the year 2021 approach and end, I’m pondering over how the year started with such huge expectations about life turning normal and people travelling around the world again. It happened to a certain extent, but 2021 definitely did not turn out the way most people expected it to.

Yet there’s so much we should hold in gratitude, and to appreciate. The whole world managed to get a significant proportion of people vaccinated this year. This is quite remarkable though in the developed countries where vaccination is widely available, there’s been movement against it as well. Those who chose consciously not to be vaccinated, to be at risk of being infected, suffering the full blown consequences without an immune response that can support the body, and also infecting others.

While global air travel isn’t really back yet, there’s still a higher degree of travel being done this year compared to last year. And that is something worth being thankful for. The downside perhaps is that carbon emission levels this year have gone back to 2019 levels despite the decline in 2020. This is a bit more mixed in terms of whether it is something to be happy about.

The economy overall is still uncertain and the periodic frenzies in the stock market for technology stocks, more speculation of cryptocurrencies reflecting the amount of liquidity the Fed has put into the global economy. But for all that we’ve survived and been given, by our customers, our families and our government, I’m thankful. Let’s really learn to give thanks for what we have and manage the escalation of our expectations.

The bell curve

Jack Welch ‘pioneered’ the ‘Vitality Curve’ model which basically ranked employees along a bell curve, with the top 20% rewarded, next 70% retained and the bottom 10% fired. Many companies basically practice some degree of this and though it was done more overtly in the 1980s than now, it persists. Maybe they won’t fire the bottom 10% but somehow they get ‘managed out’ and count towards natural attrition somehow.

The thing is that this idea of using the bell curve to judge people and then have some kind of consequence applied to them isn’t pioneered by Jack Welch or General Electric. It’s been something that the education system has been doing to people, through major exams, national exams, all sorts of standardised testing. One could even say they apply those principles with even more rigour and vigour.

I’ve written a while back to question why we are trying to judge people for a single set of attributes or talent (in this case academic subjects) instead of helping them discover what they are good at and helping them shine? Instead of trying to classify people into buckets of Grade A, B, C; why don’t we classify them into different sets of skills instead? Instead of letting people choose subjects, why don’t let them choose how they want to contribute to the world? And then we can work out the subjects, the skills needed from there.

If we want to make things better by making better things, then we got to start dreaming. Of the better things.

What are businesses for?

What are businesses ultimately for? The profits of the shareholders? The jobs of the staff? The families of the staff? The customers whom it is selling products to? Economics tells us that by pursuing profits of the shareholders for the firm, everything else works out beautifully. We trusted that to some extent for a really long time but soon realised that there were too many externalities.

Regulations stacked on to deal with them; but then soon it was clear that regulators often have an interest to keep businesses running as well. There was some short-sightedness in trying to keep their jobs. It’s the same with a government who sees that keeping businesses running sustains the economy and activities which will keep the society in order. And that profit-making enterprise has been elevated to the top of the economic hierarchy.

What if we could all be working for impact, for the environment, for livelihoods not measured in profits, for our future and future generations? Won’t that be something worth building? B-corps, non-profits, social enterprises would be a start; but we need to help businesses evolve to serve the society for the next stage of our development.

Tweaking things

Your current habits are perfectly designed to deliver your current results.

James Clear, Atomic Habits

Until we realise that it takes changing our own systems, processes and habits in order to change our results, we will continue doing the same old things, sometimes trying harder, to get different results. We might realise it can be challenging to figure out when we have to try harder and when we have to try something different. And then again, what does it means to be different?

Sometimes, trying something else need not be so different after all. When one is ‘bad’ at a subject, it doesn’t have to be changing your focus to a different subject. For example in my case, I spent my first 15 years being bad in English language. What changed was that instead of reading more fiction and trying to memorise vocabulary. For me, the beauty of English language became apparent to me when I saw how you could construct sentences to cogently make a point. To argue for what you believe in.

It will take a lot of effort to think about what is it that you can do differently in order to change your outcome. And sometimes, tweaking your system isn’t about an overhaul. It is a tweak. Those tweaks can really improve things.

Making genuine connections

One of the largest challenge that the bureaucracy face when it comes to managing staff is dealing with burn-out, and creating the right motivations. There’s always this presumption that staff would be motivated to serve the public, and to uphold their role, to deal with emotional distress by themselves. Managers who rose from being excellent individual contributors can do better with supporting their staff and teams during this pandemic and mental health crisis.

Part of it involves making genuine connections with their staff. For the longest time, I’ve seen how bosses’ solution to employees’ burn-out was to ‘keep calm and carry on’. I don’t think stoicism is categorically wrong but it doesn’t fully account for our psychological make-up. Public-serving work involves a lot of emotional labour; and to a large extent, the inability to help employees steward their emotional resources is really poor management. By being more than just a boss, but also a friend, a coach and a counsellor to a staff, managers are actually managing the actual resources that is required to carry out the work that public service entails.

We tend to think that public resources are just tax-payers’ money and public infrastructures. If we want to really be good stewards of public resources, it should be about taking good care of the emotional and mental health of our public servants. Are our permanent secretaries, statutory board CEOs really taking care of our people? Or are we just busy trying to make numbers that ‘serve the public’?

Basis of Competition II

I wrote about the basis of competition in schools. What about in business? Is it price? There are many prices associated with a specific business: the price of their shares, the price of their products, the price they pay their staff, and the price they pay their suppliers, and so on. What is the price that we should take reference from?

Or are those a distraction like the way grades are distraction from learning? Because what is a business for? To make a profit? Hardly. Profits are incentives; and incentives tend not to be an end in themselves but a means to an end for a system. So what is the end that we want to achieve as a society to allow businesses to continue perpetuating? Probably to continue producing and delivering goods and services that people need; that makes the society ‘better’, and raise standards of living.

So why are businesses talking so much about the prices? Are these prices linked to the end goals of the businesses? What are the end goals they have in mind?

Scheduling rest

As we step deeper into the future of work, one with lots of knowledge-working, sitting in front of a computer, with a pandemic out there and remote work, there’s going to be less boundaries between work and other segments of life. The ‘always on’ mode will be tightening around us and eventually suffocating us.

The ability to truly disconnect and disengage from work is so important that our bodies would otherwise rebel by shutting us down, both physically and mentally. And that’s why we not only need to think about the amount of time we need to finish a piece of work, but also the amount of rest we will need in-between the work, and after that.

We should be scheduling the rest into our calendars, and that should not be something negotiable. Even if we think it is. Our culture still needs quite a bit of work to get there.

Gifting Economy

It’s the Christmas season and a period of lots of shopping, mostly for others rather than oneself. Gifting is a tricky affair and most economists think it’s a bad idea to give someone something in particular. In fact, that might be the reason for Boxing Day; where you box up the stuff you don’t want from your Christmas gifts and give them to the less privileged. Yes, it is not another day to shop, and certainly nothing to do with fighting in the boxing ring.

It is much better for you to offer a cash gift and let people do the shopping themselves for what they actually need. Yet this can feel hyper-rational so the modern economy settles for something in-between by giving shopping vouchers instead. It is cash already spent on something but allows you to go through the process of choosing what you want on yourself.

And then there’s a whole economy and market out there which simply caters to selling products which are specifically designed to be gifts. These typically feature fancier packaging and more frills designed to pass the message ‘I’m being extravagant with you’. They are also environmentally unfriendly and produces much more waste than we need to.

Peacock feathers may be necessary for the peacock to attract a mate; but being environmentally wasteful to impress our fellow earth-dwellers probably is not wise systematically. Let us not be fooled by the ways of our culture.

Talent hoarding

Companies have long recognised that hiring talented people off the job market is an important aspect in market competition since the labour market became much more open and knowledge workers became much more mobile. In the past when most employment were seen as lifelong, companies really only had to focus on competing on getting their products and services out.

Labour was previously seen as largely rather ‘fungible’; it was probably more important to get cheap workers than good workers because in the traditional labour economics, quality of labour wasn’t so much a quantifiable parameter.

No longer, but there are two ways to think about this competition. We can hire talents to make better products, perform better services for customers; and at the same time, it takes these talents off the market for our competitors and thereby strengthening our position. For those with monopoly power, the second objective might be more important than the first.

This is because the monopolies tend to have the power to pay for these talents through the market power they weld on both ends: both the labour market as well as the market for their customers. They are big enough to be able to squeeze the more commoditised labour while paying big bucks for their ‘talents’, and also pass on some of the costs to customers.

There is a price to pay however, for talents who are in these hoarding entities; (1) they may end up being unfulfilled or unsatisfied; (2) they tend to end up being disempowered rather than empowered in these environments; (3) they are conditioned to take less risks.

(2) and (3) contributes to (1) but the dissatisfaction can come from the bureaucracy and continued need to keep up with appearances rather than practice genuine innovation. (2) happens partly because monopolies are great businesses or entities that can survive poor management thanks to their power. Finally, (3) is a result of these environment that tends towards status quo and entrenched power structures.

And sometimes, just sometimes, the biggest monopoly out there is the state.