Quick Hits: Fresh Calendar | Toxic Leadership | Leftover Risk

WOW. Fresh off Journey, I’m excited about these last 2ish of the year!

Not to get too ahead of myself, check out the NEWLY released 2022 Calendar of Events for Advisors Excel!

Yes, that’s 31 in person events in 2022!!

– As much as we’d love to see you 31 times, we don’t think that would be the best idea…y’know, too much of a good thing right?

Pick out 3, 4, 5 and block them off…

Lisbon might be a good one to block off first 😉

 

Here are your Quick Hits

 

Risk is what is left over

  • “Risk is what’s left over after you think you’ve thought of everything.”
  • “something we can’t even imagine” is precisely what we need to be prepared for.

 

Tight Labor Market, Supply Constraints Point to Persistent Inflation

  • “Businesses are trying to hire and are holding on to workers,” said Joel Naroff, chief economist at Naroff Economics LLC. “Wages are going up sharply. And inflation is still faster than wage gains.”
  • “Competing for workers is crimping the bottom lines of smaller businesses. “And what does that cause? Well, it causes prices to go up,” he added. “I think we’re just at the beginning of seeing that across the board.”

 

Toxic Leadership

  • The common characteristics of these horrible bosses won’t surprise you:
    • They wanted all the credit for success and always blamed others for failure.
    • They micromanaged constantly.
    • They always had to be the smartest person in the room and rarely listened to others.
    • They expected employees to be on-call 24/7.
    • They regularly attacked people personally.
  • “Great companies and leaders don’t tolerate toxic managers. Instead, they proactively create an environment where toxic management issues are brought to the surface, and they never allow strong job performance to excuse keeping brilliant jerks around.”

 

Interest In Socially Responsible Investing Soars To New High

  • 71% indicated a financial services company can have a significant impact on social responsibility and 64% felt the same way about insurance companies.
  • 71% also indicated that financial services companies that embrace social responsibility are better positioned for long-term success with 67% expressing the same view for insurance companies.
  • 79% of consumers said they are more likely to choose an insurance policy based on the company’s commitments to social responsibility.

 

Quote of The Week

“Nothing will kill a great employee faster than watching you tolerate a bad one.”

– Perry Belcher