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Employers Are Now More Trusted Than the Government + How to Maintain That Trust!

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In my job I trust! This is the declaration that many are now making! According to the 2019 Edelman Trust Barometer, levels of trust have changed dramatically in the past year. It found that 75% of people now rate their employers as their most trusted institution — ahead of NGOs, business, government and media. A desire for change has sparked an increase in media consumption, with trust in traditional media at its highest level ever and trust in social media remaining low.

Now that employers have the upper hand how can they maintain that trust? Motivating your team and building a team’s performance and strengths are vital to how well projects get completed and how productive the team is overall. The cohesiveness of the group and the trust each one has in the others are vital to the company’s success. There are several activities, and procedures bosses can use to help teams improve the group’s strength. These exercises range from games and challenges involving complex and simple tasks to social activities to encourage team members to build friendly relationships with co-workers.

Team building activities and practices are designed to help individuals discover how they approach problems and how the team works together. It helps the group discover better methods of communication. Sports teams have known this best-kept secret that when the team works together through daily practice, exercise activities and bonding activities they improve not only performance of individual players but the strength and performance of the sports group as well. Many of the same principles can be used in business team building.

Here are some team building activities you can implement:

Communication Exercises

Communication exercises are designed to help your team build better communication. These are usually a form of problem-solving activities that have members communicating effectively with one another to solve the problem.

Problem solving + Decision making Exercises

Problem-solving/decision-making exercises focus on your group working together to solve a difficult problem or make complex decisions. These are very common types of team strength building exercises since it directly links to what an employer wants from their team.

Planning and Adaptability Exercises

Planning and adaptability exercises focus on setting up a plan and being able to adapt when change is needed.

Trust Exercises

Trust exercises involve getting team members engaged in ways that encourage them to trust each other. These are more difficult to implement since there can be varying degrees of trust among individuals and others in general but the trust built is well worth it.

Action Learning

Action learning is a combination of taking action and reflection by the team. They are asked to solve complex, yet strategic problems in a real-world business setting whether that is structural, managerial, logistics, or any other organization setting. The group applies all their existing knowledge and skills. They learn new skills, knowledge and gain insights by continuing to reflect on and question the problem, the group’s behavior, and the subsequent results.

Action Research

Action research is the strategy where your team performs research in the field to examine a specific question. This is specifically for team members who don’t know what they don’t know. They are collecting data that could alter the original question while learning unexpected procedures and principles. This type of exercise requires them to be open-minded and objective.

Appreciative Inquiry Team Building Exercise

Appreciative Inquiry team building exercise is the alternative to a traditional type of problem-solving. It emphasizes the participants focus on the positive aspects of a situation instead of what is wrong. This exercise encourages members to share their positive experiences. Team members are asked to create and share images of what their preferred future of the team looks like and brainstorm ways to create that vision.

Assessment-based Learning Activities

Assessment-based learning activities involve team participants taking and completing a test, rating scale or a questionnaire. They receive a score and feedback on each individuals attitudes, personality traits, and personal abilities. The responses may then be combined with others in the team to identify the opinions or characteristics of the group.

Consensus Decision Making Activities

Consensus decision-making activities usually involve a list of 10 items that participants arrange in order of priority individually and then as a team consensus. The list is then compared to the experts ranking list. This activity helps team members build their strength of decision making and reaching an agreement as a team.

Corporate Adventure Learning activities

Corporate Adventure Learning activities involve a challenging physical activity either indoors or outdoors. Activities such as sailing, rafting, rappelling, rock climbing, exploring wilderness areas, or walking on rope bridges have been used in the past. Participants learn to trust, values, and skills from these experiences.

Other…

Other types of activities include audio games, board games, card games, computer games, and many others all designed to help teams work together in decision making and building trust.

There are many activities and practices that you can employ to improve the strength and performance of a group. Group trust, cohesive work skills, and decision-making aptitude begins with individual team members performing activities and exercises that build these skills.

Ash Exantus aka Ash Cash is one of the nation’s top personal finance experts. Dubbed as the Financial Motivator, he uses a culturally responsive approach in teaching financial literacy. He is the Head of Financial Education at BankMobile and Editor-in-Chief at Paradigm Money. The views and opinions expressed are those of Ash Cash and not the views of BankMobile and/or its affiliates.

The Daily Digm (News)

Amazon has 30,000 Jobs they Need to Fill + How the Gig Economy is Making it Hard for Them to Fill

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Amazon has more open jobs than ever before. The company is attempting to hire 30,000 permanent employees in the U.S. alone. The jobs are spread out across departments and at locations throughout the country. Filling them is an especially tall order in such a tight labor market, with unemployment hovering near a 50-year low. To get started, the tech and retail giant will hold job fairs on Sept. 17 in six cities: Arlington, Boston, Chicago, Dallas, Nashville and Seattle.

Jobs may be so abundant because of the growth of the gig economy that allows people to work where they want doing what they want. Gig economy jobs continue to grow in popularity in the U.S., accounting for at least 5% of the workforce. So how do you fully take advantage? Moneyish.com recently wrote an article titled: The secret to making $115 an hour in the gig economy

In the article they give us 10 best fields for gig workers based on pay and job availability:

Artificial Intelligence – Deep Learning: $115 per hour
Blockchain Architecture: $87 per hour
Robotics: $77 per hour
Ethical Hacking: $66 per hour
Cryptocurrency: $65 per hour
Amazon Web Services Lamda Coding: $51 per
Virtual Reality: $50 per hour
React.JS Developers: $41 per hour
Final Cut Pro Editors: $37 per hour
Instagram Marketing: $31 per hour

The first trend you might notice is that this list is dominated by tech jobs. Gavin Graham, the special projects editor for FitSmallBusiness.com, says this is because these types of jobs lend themselves well to the gig economy and are growing fields that pay well.

So what exactly do people in the no. 1-rated artificial intelligence-deep learning field do? “They help develop “the technology that drives the ability of artificial intelligence to ‘learn’ and adapt,” says Graham. “Jobs in this field include developers who code the underlying algorithms using tools and programming languages, such as MATLAB, Python, Java, C++, Tensorflow, etc..,” he adds.

One possible surprise on the list: Instagram marketing. It lands on the list because job growth has been very rapid, he explains. While many companies have worked on Facebook and Twitter marketing, their Instagram platforms are less developed — and in need of help.

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Ariana Grande sues Forever 21 for $10 million + How to Protect Yourself From Those Trying to Steal Your Identity

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In a complaint filed on Monday, megastar Ariana Grande said Forever 21 and Riley Rose misappropriated her name, image, likeness, and music, including employing a “strikingly similar” looking model, in a website and social media campaign early this year.

She said this followed the breakdown of talks for a joint marketing campaign because Forever 21 would not pay enough for “a celebrity of Ms. Grande’s stature,” whose longer-term endorsements generate millions of dollars in fees.

This is a classic case of identity theft and while we can’t sue identity thieves for $10 million dollars, there are some practical ways that we could put ourselves less in risk. Here are four ways to protect yourself:

1. Change your password – I know it can be annoying to have to change your password or remember a new one, but it is important that you stop hackers dead in their tracks. Change your password regularly and make sure you include a variety of symbols, so hackers have a tough time guessing what it is.

2. Create a different username and password – Instead of using your Facebook login for all sites, create separate usernames and password per site. This way the breach doesn’t come from another third party, and you can better protect your account.

3. Set up two-factor authentication – Add another layer of protection to your account. Two-factor authentication It is a setting in Facebook where you can choose either text message codes or a third-party authentication as your primary security method. This way you know when someone is trying to do something fishy with your account.

4. Delete your personal info – The next time you log onto Facebook, take the time to delete some of the more personal information you have shared to reduce your risk of exposure in future attacks.

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SATs Keeps its Same Scoring Model + A Scoring Model You Better Undertand

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The SATs are changing course following backlash over a plan to assign an adversity score to every student who takes the exam. The original adversity score was made up of ratings for the student’s school and neighborhood environments and was intended to capture the obstacles a student might have overcome. Critics said over-eager parents could use the score to game college admissions. Instead, the College Board will use a different system in an attempt to capture a test taker’s social and economic background. For many SAT scores can make the difference in so many lives but what other score affects your well-being?

Many people are aware of the important role the credit rating plays in their lives. However, understanding what goes into a credit score (the credit score breakdown) might present some difficulty. There are several different methods of scoring, but most lenders and banks rely on the FICO method that has been in existence since the 1980s when it was developed by the Fair Isaac Corporation. The three prominent credit bureaus (TransUnion, Experian, and Equifax) all worked with Fair Isaac to come up with the FICO algorithm.

Your credit score may be any number from 300 to 850. The average American falls at about 690, which is deemed relatively good credit. However, while this score should secure you a loan, it will not get you the very best interest rates on loan. In fact, 300-640 = Bad Credit, 641-680 = Fair Credit, 681-720 = Good Credit, and 721-850 = Excellent Credit. Excellent credit should be the aim.

Following is the credit score breakdown:

Payment History

The biggest chunk of your score (35%) is derived from your payment history. This score is influenced by how well (or not) you pay your bills on time, how many have been sent to collection agencies, bankruptcies, tax liens, etc. Keep in mind that missing a payment is worse than making a late payment and that being late or especially missing a mortgage payment is a bigger blow to your credit score than missing a credit card or utility payment.

Usage Ratio

The amount of debt you have (compared to the amount of credit you have not used) accounts for 30 percent of your score. Try not to max your credit cards out. In fact, it is recommended that you only use 25 to 50 of the credit that is available to you. A way to balance this out is to obtain more lines of credit and not use them. However, you do not want to apply for a bunch of credit cards all at once as this is marked against you. If your credit is in good standing, apply for a reputable card every six months or so and save it for a rainy day.

Length of Credit History

Fifteen percent of your credit score is based on how long you’ve established credit. This is common sense. The longer your credit history, the better your overall score will be. More data about your past leads to a more accurate prediction of your future credit worthiness.

Credit Mix

Having several types of credit will actually boost your score if they are managed well. This counts for 10 percent of the overall rating.

New Credit

As mentioned earlier, opening new credit accounts all at once will negatively affect your score in the short term. It’s also important that you are aware that your score can be lowered for too many “hard inquiries” about your status. A “hard inquiry” is one that you have authorized a lender to perform. If you are inquiring about your own score, this will not count against you.

Understanding what goes into the credit score breakdown is the first step in improving your score and what will allow you to design your score and begin you on the journey to financial freedom.

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