Great Manager Newsletter - Sep 11, 2024
The Sludge Tax
On this date in 1789, Alexander Hamilton was named the first Secretary of the Treasury. Today that post is held by Janet Yellen. Do you think 200 years from now there will be a Broadway hit musical about her?
Of course, September 11 is known from something more horrific in the US. While I will avoid talking about it, I do hope you will all join me in a silent prayer for those that died that day.
Let’s get started.
1 Big Thing
The Sludge Tax
The article discusses the concept of "sludge," referring to bureaucratic inefficiencies that slow down decision-making and innovation in organizations. PwC introduces a "sludge tax" calculator to quantify the time and money lost due to these inefficiencies. The article emphasizes that reducing organizational friction is crucial for improving productivity and fostering a culture of innovation. By identifying and eliminating sludge, companies can enhance their overall efficiency and performance.
Watch This
Why Managing Matters To Me
I hear more and more that people don’t want to be managers - too stressful, no benefit to it, etc. I disagree. Here is why managing matters to me.
By the Numbers
50%
The rate at which employees quit large companies goes up by nearly 50% after employers cut 10% of the workforce.
Layoffs have a huge impact on current and potential employees for a long time.
Words of Wisdom
The single biggest problem in communication is the illusion that it has taken place.
― George Bernard Shaw
Business Laughs
Discussion Topics
What metrics do you use to measure TEAM success?
What I'm working on this week....
I’ve built my processes a bit in the past few weeks and am testing and refining them. The goal is to be able to create more content, more efficiently.
I always enjoy September - fall, football, and cooler nights.
Have a great week. Be a great manager.