Hire an MBA by the hour
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Tired of getting gouged by consulting firms? BusinessWeek recently profiled a new site called Skillbridge where you can engage consultants by the hour or on a flat fee basis for prices that are much more reasonable than firms like Bain or McKinsey. Or, you can rent out a qualified candidate as opposed to hiring a new employee.
A growing number of companies are using freelance MBAs to access the same brain power they might find at a top-tier consulting firm. The demand has given rise to online marketplaces that are a cross between executive search agencies and freelance job sites—where the featured contractors are skilled at financial modeling, competitive analysis, and marketing.
The site claims that every consultant is screened and has a minimum of two years’ experience. For small companies and startups, this looks like a nice option to have.
It also offers a nice career option for consultants who are sick of the long hours and endless travel.
Posted in: Your Business, Your Career, Your Team
Tags: Bain, BusinessWeek, competitive analysis, consulting career, consulting firms, financial modeling, freelance MBAs, hiring an MBA, marketing., MBA, McKinsey, online MBA marketplaces, Skillbridge
Cutthroat professional life in Washington, D.C.
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Netflix scored big this year with its new, original TV drama “House of Cards,” depicting life in Washington D.C. Needless to say, the cutthroat nature of life in our nation’s capital takes center stage, as most of the characters will do anything to advance their careers and influence in the city. Yes, it’s fiction, and some of the stories are a bit far-fetched, but a recent book called “This Town” by New York Times Magazine writer Mark Leibovich portrays DC as a craven town where everyone is just focused on getting ahead. You can get some of the story in his latest article titled “How to Win in Washington.”
It’s not that Washington hasn’t forever been populated by high-reaching fireballs. But an economic and information boom in recent years has transformed the city in ways that go well beyond the standard profile of dysfunction. To say that today’s Washington is too partisan and out of touch is to miss a much more important truth — that rather than being hopelessly divided, it is hopelessly interconnected. It misses the degree to which New Media has both democratized the political conversation and accentuated Washington’s myopic, self-loving tendencies. And it misses, most of all, how an operator like Kurt Bardella can land in a culture of beautifully busy people and, by trading on all the self-interest and egomania that knows no political affiliation, rewrite the story of his own life.
So read the entire article and the book and check out the show before you venture off to DC. This way you’ll have some idea of what you’re getting into.
But keep in mind that you’ll be one of many if you venture off there. DC is booming and life there was detailed in an article last year in time called “Bubble of the Potomac.” The author explains how a new affluence is flooding DC and likes to refer to it at über-Washington, working off the name of the popular Uber limousine app that is so popular in the city. This affluence, along with the natural political power base, has helped amplify the competitive climate described above. The article describes some of the realities in the city:
– there are two government contractors for every government worker. Yes, people are getting wealthy on government contracts.
– Washington is filled with young people. That’s always been true but seems even more true today. That culture is definitely affecting the nightlife and the city in general.
– Thursday night wheels up parties at Happy Hour are huge.
– Much of this is fed by the intern culture, which starts with free internships during college, then paid internships or entry-level jobs, and then it goes from there.
For may this will seem exciting. For others not so much. It’s another example of where you need to have your eyes wide open before making a decision.
Posted in: Your Business, Your Career, Your Team, Your Workplace
Tags: über-Washington, Bubble of the Potomac, career in politics, DC career pattern, DC interns, DC internships, egomania in business, government contractors, House of Cards, How to Win in Washington, interns, interns in DC, internships, journalism careers, Mark Leibovich, Netflix, New York Times Magazine, political careers, political media career, This Town, Washington DC, Washington DC careers, Washington DC culture, Washington DC jobs, Washington DC professional life, wheels up parties
Unassigned desks and new trends in company offices
The world is changing as more workers prefer to be mobile, and companies are adjusting by radically changing the layout of office workplaces.
More companies are shedding square feet by shifting workers into unassigned desks. Being untethered suits increasingly mobile employees, but it can be a hard sell for people who feel like they’re losing status or privacy. For employers, the rationale is simple: saving money, attracting young employees and popping personal bubbles to push collaboration.
Nowhere is that more evident than the Ernst & Young Tower in downtown Cleveland, the city’s first new multitenant high-rise building since 1991.
Accounting firm Ernst & Young, which moved into the tower last month, placed more than 60 percent of its employees into a “hoteling” pool — a group that flits in and out of the office and uses an online system to reserve desks. Even the partners share offices.
The cost savings and improved flexibility are huge advantages with this movement, though it will be interesting to see over time how these changes affect worker productivity, recruiting and retention. One aspect that seems cool is the ability to reserve spots electronically. This can also apply to premium conference rooms, or just hanging out and using the room when it isn’t reserved for specific business.
Posted in: Your Business, Your Team, Your Workplace
Tags: adapting to mobile workers, cafeteria discussions at work, Cleveland jobs, Cleveland office space, Ernst & Young Tower, hallway discussions at work, hoteling office pool, impromptu team meetings, online system to reserve desks, popping personal bubbles, push employee collaboration, team collaboration, unassigned desks, unassigned offices, untethered employees, worker flexibility, working side-by-side, workplace collaboration, workplace issues, workplace trends
Jobless rate falls
Stocks jumped on this news as the report was expected to be bad. Again, the Labor Deportment made significant upward revisions to reports from previous months.
Overall the unemployment rate is at a 4-year low of 7.5%. Of course there’s a long way to go but at least we’re making some steady progress.
Posted in: Your Business, Your Career, Your Team, Your Workplace
Tags: jobless claims, jobless rate, monthly jobs report, unemployment, unemployment numbers, unemployment rate, US unemployment, weekly jobless claims
Telecommuting issues emerge at Yahoo!
There are may significant advantages for a company letting workers telecommute and work remotely. Productivity often increases as this flexibility makes workers happier. In today’s world, it’s important for a company to offer this option for some jobs.
Yet there are disadvantages when you don’t have workers together on a consistent basis. It’s impossible to replicate the casual environment of workers being together at lunch and around the office. Much gets done when people are together.
Every company needs to strike the right balance, and that’s what Marissa Mayer is trying to do at Yahoo!, but her recent announcement has sparked a backlash.
Here’s a clip:
“To become the absolute best place to work, communication and collaboration will be important, so we need to be working side-by-side. That is why it is critical that we are all present in our offices. Some of the best decisions and insights come from hallway and cafeteria discussions, meeting new people, and impromptu team meetings. Speed and quality are often sacrificed when we work from home.”
Just reading this, it seems like this could have been handled better by bring up the issue and looking at specific jobs. As stated above, balance is best.
But I suspect the problem may have gotten out of control at Yahoo! and that has prompted Mayer to take a hard line. Workers can be very productive at home in terms of how much they work, but it’s harder to keep workers focused on what’s best for the company if they are always at home.
It will be fascinating to see how this story develops.
Posted in: Your Business, Your Career, Your Network, Your Team, Your Workplace
Tags: cafeteria discussions at work, company productivity, corporate productivity, hallway discussions at work, happier workers, I want to work remotely, impromptu team meetings, improving work performance, Marissa Mayer, Marissa Mayer controversy, Marissa Mayer telecommuting, productivity, remote worker revolution, remote workers, rise of remote workers, team collaboration, telecommuting, telecommuting advantages, telecommuting from home, telecommuting issues, work from home, worker productivity, working from home, working remotely, working side-by-side, workplace, workplace collaboration, workplace productivity, Yahoo!, Yahoo! telecommuting, Yahoo! workplace