WorkPuzzle

Be Happy--Become a Real Estate Agent--Part 2

Last week, our discussion focused on new research concerning where individuals find happiness in their careers.  Surprisingly, the “real estate agent” position topped the 2013 “Happiest Jobs in America” list.

How did the real estate agent position garner such a high ranking?  The position scored highly on the top ten factors that produce happiness at work:

1. Work-life balance

2.  One’s relationship with his/her boss and co-workers

3.  Work environment

4.   Job resources

5.  Compensation

6.  Growth opportunities

7.  Company culture

8.  Company reputation

9.  Daily tasks

10.  Job control over work performed on a daily basis.

In part one of this blog, we talked about how to use this information during an interview.  But, there is more to learn from this research; both from a retention perspective and a second recruiting angle you may have not considered.

Retention

Think about how the agents on your team would rate each of the happiness factors listed. It might be interesting to conduct your own research on this topic during upcoming coaching sessions. 

To mirror a job happiness study, use a five point scale (1-Unacceptable…5-Outstanding) and ask questions in the following manner….”How would you rate your work-life balance while working in our company?”

As you might suspect, retaining agents has a lot to do with maintaining an environment where people feel they can initially obtain and then later sustain a sense of personal happiness.  

Typically, agents won’t leave your organization because the company next door offers something better.  They leave (initially with their emotions) because something (or multiple things) is constantly irritating them. Once this irritation sets in, it’s easy to rationalize that the grass must be greener somewhere else.

To be successful at retaining your agents, be proactive and make sure that these irritations don’t take root in your organization.

Recruiting

From a recruiting perspective, there is a second angle worth considering in the jo happiness study.  It will always be difficult to lure happy individuals away from their current positions with a “life’s great over here” message.

A better strategy is to find those who are unhappy. 

Almost any message of hope has a good chance of resonating with these individuals.  The CareerBliss study documented the job positions where workers are most dissatisfied:

There are a few patterns worth noticing in this data. 

1.  Pay is not correlated to happiness.  The most “unhappy job in America” pays a six-figure salary.  None of the happiest jobs are particularly high-paying positions.

2.  Education level is not correlated to happiness.   Several of the jobs on the unhappy list require high levels of education (nurse, teacher, attorney, pharmacy technician).  Many of the happiest jobs do not require highly specialized education.

3.  Serving unhappy customers is taxing.  Notice that many of the unhappy professions regularly deal with dissatisfied customers or unhappy clients.  People typically interface with the legal, medical, and customer service professions when something has gone wrong.

Successful recruiting first involves finding people who are unhappy with their current employment and then engaging them by tapping into their feelings of dissatisfaction and frustration. 

Unless a  candidate first feels heard on these two topics, the positive traits of being a real estate agent will fall on deaf ears. 

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Editor's Note: This article was written by Ben Hess. Ben is the Founding Partner and Managing Director of Tidemark, Inc. and a regular contributor to WorkPuzzle. 

Be Happy: Become a Real Estate Agent

I had the opportunity to spend some time with the executive team and managers of Ruhl &Ruhl Realtors in Davenport, Iowa late last month.  Caroline Ruhl and her team lead a highly productive company that is full of optimism and contagious energy.

Caroline’s company is very successful at attracting talented young professionals to the real estate industry.  They are far ahead of most of their industry peers and have a bright future emerging. 

By chance, I happened to arrive for a pre-planned speaking engagement on the day when the company surpassed a very aggressive recruiting goal they’ve been working on for several years.   

The impromptu celebration (which started at 9am) included cake, sparklers, candy, champagne, and balloons.  And not just any balloons, the meeting room was filled with balloons that each had the individual name of one agent in the company written on it.  It was quite impactful to look around the room and recognize the lives that have been impacted by the recruiting process.

Doesn’t this sound like a fun place to work?  Darcy Holle and Sally Atwell planned the surprise celebration.  Both of these ladies are great recruiters and lots of fun at a 9am party too!

I relayed this experience to you as a way of introducing some new research that was recently published in Forbes Magazine.  Not surprisingly, Caroline pointed me to this article during my visit.  It only makes sense that a fun place like Ruhl & Ruhl would discover this research!

The research was done by an online career community called CareerBliss, and it involved collecting surveys from more than 65,000 employees.  Forbes magazine reported:

“Employees all over the country were asked to evaluate ten factors that affect workplace happiness. Those include one’s relationship with the boss and co-workers, work environment, job resources, compensation, growth opportunities, company culture, company reputation, daily tasks, and control over the work one does on a daily basis.

They evaluated each factor on a five-point scale and also indicated how important it was to their overall happiness. The numbers were combined to find an average rating of overall employee happiness for each respondent, and then sorted by job title to find which occupations had the happiest workers. A minimum of 50 employee reviews was required to be considered for CareerBliss’ 10 Happiest Jobs in America, and executive level jobs, like chief executive, were excluded from the study. “

And the results…

"The happiest employees of all aren’t kindergarten teachers or veterinarians. They’re real estate agents. Professionals with this job title are typically responsible for renting, buying, or selling property for clients. According to the BLS, they study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. They make about $51,170 per year, on average—but top earning real estate agents rake in over $92,000.

With an index score of 4.26, real estate agents said they are more than satisfied with the control they have over the work they do on a daily basis. They’re also fairly content with their bosses.

Real estate agents have definitely weathered quite a financial storm over the past few years but right now [mortgage] rates are between 2% and 3% and inventory is low, making it a real estate agent’s dream as new homes hit the market and are getting multiple offers in the first week….  Happy times.”

This is great information to have in your back pocket during your next interview.  If you’re interviewing a “new to real estate” candidate, a high percentage of these individuals are leaving jobs/careers that make them unhappy. 

As we’ve discussed many times in the past, make sure you listen to their story first and address the unique points of pain that you uncover during the interview.  As a side point, after the groundwork is laid, it may be helpful offer this independent research as a way of driving your point home.

During our next discussion, we’ll spend some time learning about the most “unhappy jobs” in America and how this information can also improve your recruiting results.

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Editor's Note: This article was written by Ben Hess. Ben is the Founding Partner and Managing Director of Tidemark, Inc. and a regular contributor to WorkPuzzle. 

How to Stop Wasting Time--Starting Right Now

I'm writing about this topic because I just started a new exercise designed to help me avoid wasting time. I started this exercise earlier today, so I can't tell if it works well long-term. But I can tell you that I’ve already pinpointed a couple of activities that I hope to permanently discard!

I didn't wake up this morning planning to do a time study. I simply felt frustrated when I realized that I had already wasted about two hours of my day. I didn’t mean to waste the time, but combining an unscheduled time slot with a lack of purpose and ‘time-wasting” sprouted like a weed.

I know that I must act purposefully for my time and effort to contribute to my long-term goals.  It’s frustrating to realize that I’ve fallen short of this objective. 

Fortunately I turned this frustration into some positive action and discovered an article that shed some light on this common struggle.   The article I found was written by Bruce Kasanoff and I immediately set out to follow its contents.  I think you’ll benefit from this as well.

A Highly Effective Way to Avoid Wasting Your Time

"Here's a simple way to potentially save hours of your time each week, by investing a total of about five minutes.

First thing in the morning, take a piece of paper and write a column of numbers representing each hour from the time you wake up until you go to sleep. For me, the list would start 6, 7, 8, 9, 10, 11, 12, 1 and go all the way back to 12. (So far, you have invested about fifteen seconds.)

For this single day, at the top of every hour stop for 20 seconds and consider how happy you are with the way you spent your time. Did you invest it wisely? If the answer is yes, don't write anything.

But if you wouldn't repeat the way you spent the last hour, next to the number representing that hour write a few words that describes what you did. On one of my lists, for example, at 3 o’clock I wrote "pointless to talk with Ralph; doesn't listen," meaning that it was a waste of my time to meet with him.

Stick with this exercise all day; it takes very little time, just the discipline to stop every hour for a few seconds. But at the end of the day, you'll have a list of activities you wish you avoided. If the list has more than one or two items, you might want to continue the practice for a while.

If you make this a habit, you'll soon start to spot patterns. It will be easier to recognize ways in which you are wasting time and effort, and you'll do a better job of avoiding these.

You can also use this technique across an entire department to help all involved make better use of their time. To avoid offending people, I wouldn't suggest pooling the results. You can simply introduce the test and allow people to draw their own conclusions."

If you decide to implement this personally or within your office, be sure and let me know the results. And, I certainly hope that reading this WorkPuzzle edition won't turn up on your list of things to avoid! 

Question:  Have you developed any personal tactics for keeping "time-wasting" under control in your life? If so, let us know what you've learned.

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Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. 

Meaning at Work: How to Tap a New Level of Performance in Your Agents and Employees

Dr. Robert Emmons, a prolific researcher and professor at the University of California, recently wrote:

“As far as we know, humans are the only meaning-seeking species on the planet. ‘Meaning- making’ is an activity that is distinctively human, a function of how the human brain is organized. 

The many ways in which humans conceptualize, create, and search for meaning has become a recent focus of behavioral science on the quality of life and subjective well-being.” 

A tremendous amount of research and writing on the connection between human performance and the meaning people find in their work has started to emerge because of this focus.   And, some of the heavy-hitters in the business world were quick to take notice of these discoveries. 

Here are some examples of how much attention is being paid to “meaning-making” at work:

• Research at McKinsey and Company has led to actionable strategies and tasks that help infuse meaning in the work of individuals and organizations.  These findings were based on research done by social scientists. Their full perspective and recommendations can be found in Beyond Performance: How Great Organizations Build Ultimate Competitive Advantage
• Gary Hamel, ranked by the Wall Street Journal as the world’s most influential business thinker, and who Fortune magazine called “the world’s leading expert on business strategy" is encouraging managers to see themselves as “entrepreneurs of meaning.”
• One of my favorite psychological researchers, Mikel Csìkszentmihàlyi, writes extensively about “the making of meaning” in his book Good Business.

I want to emphasize that the research being done in this area is far from the touchy-feely anecdotes or inspirational speaker clichés that sometimes sound similar. I have little tolerance for methods and insights that are not based on research.   Once you push through the surface language, there is substance behind this topic that leads to real and measurable performance improvements.

There is far too much to share with you about this subject matter in one blog edition, but here are a few examples that will get you thinking about the importance of meaning at work.  These examples were compiled by Susie Cranston and Scott Keeler at McKinsey and Company:

1.  Emerson Electric

"David Farr, chairman and CEO of Emerson Electric.... is known for asking virtually everyone he encounters in the organization four questions:

(a) How do you make a difference? (testing for alignment with the company’s direction)

(b) What improvement idea are you working on? (emphasizing continuous improvement)

(c) When did you last get coaching from your boss? (emphasizing the importance of people development)

(d) Who is the enemy? (emphasizing the importance of 'One Emerson' and no silos, as well as directing the staff’s energy toward the external threat).

The motivational effect of this approach has been widely noted by Emerson employees."

2.  Wells Fargo

"The CEO of Wells Fargo, John Stumpf, marked the first anniversary of its change program by sending out personal thank-you notes to all the employees who had been involved, with specific messages related to the impact of their individual work."

3.  PepsiCo

"Indra Nooyi, CEO of PepsiCo, sends the spouses of her top team handwritten thank-you letters. After seeing the impact of her own success on her mother during a visit to India, she began sending letters to the parents of her top team, too.

Some managers might dismiss these as token gestures—but employees often tell us that the resulting boost in motivation and in connection to the leader and the company can last for months if not years.

As Sam Walton, founder of Wal-Mart Stores, put it, 'Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free—and worth a fortune.'”

Don't get me wrong, working hard and expecting everyone else match your level of effort can be a powerful motivator. However, that philosophy has limitations.

As human beings, we need more.  Science is telling us that the “more” we’re looking for is meaning in our work.  Make sure your agents and employees understand and buy-into the meaning behind their tasks.  If they don’t, they’ll not reach their maximum potential and your team will suffer.

Question:  How do you help infuse your organization with meaning?   What communication techniques have you tried and found effective?

 

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Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. 

The Equation for Achievement

We all spend a great deal of time trying to figure out the best possible ways to predict potential success in those we recruit and interview.

And we aren't alone.

Where there exists a big question, you can usually find big research. Many people within the field of psychology spend ample time and research dollars trying to predict the same.

While reading Martin Seligman's most recent book, called "Flourish," I am, once again, struck by how far research has come in boiling down "achievement" to its primary components.

The following is an excerpt of an article summarizing the research on this topic.

 "Many people think that if you are smart and have enough talent, you will succeed in fields such as sports, music, education and business.  When we think of great people in history such as Mozart, Edison, Confucius, and Shakespeare we hear about their talent and intelligence.

But true genius is being shown to be as much a product of grit as intelligence or skill. 

A study of genius (By Dr Angela L. Duckworth and Christopher Peterson) in twenty-one fields, including astronomy, music, mathematics, Eastern and Western philosophy, painting and literature showed that only two or three giants stand way ahead in each of these fields, a few top performers outdistance the rest by a huge amount. 

For example, in the publication of scientific papers, very few people publish many papers, but the majority of scientists publish none or only one.  In golf, only three golfers have won sixty or more PGA tournaments (Arnold Palmer, Jack Nicklaus and Tiger Woods). Greatness and high achievement are reserved for only a few. It is their grittiness, as well as their intelligence and skill that caused their success.

The equation that predicts success is: (Skill) x (Effort) = Achievement.  

Martin Seligman, a well known academic and psychologist, in his recent book “Flourish,” points to a a great deal of research that shows achievement can be understood and predicted by the following four factors.

SPEED: Seligman calls this ‘Fast’ and it is the sheer speed of your thought about a task.  This involves how much and how quickly you have access to relevant knowledge on the task. It is hard to develop this. You either have it or you don’t.

MINDFULNESS: He calls this ‘Slow’.  This is the ability to call up memories, plan, check, review and be creative in examining and exploring the task.  This can be learned through meditation and mindfulness practices such as walking, eating with attention, and breath awareness.

RATE OF LEARNING: The faster your rate of learning, the more knowledge you can accumulate about the area.  This is different from sheer speed of thought.  This occurs by being involved in new, challenging, and tight time-lined projects and through reviewing “lessons learned.”

EFFORT: Time on task.  This is the time spent on doing or practicing the task and multiplies the skill available in achieving the goal.  It also adds to speed since more time spent on a task results in more knowledge of it.

Research has shown that extraordinary achievement in sports, chess, music, writing and business is not just talent or IQ but the amount of hours you practice something.  If you want to be great at something practice it for 60 hours a week for 20 years!"

When reading the literature, I am left with questions I believe we all need to be asking if we expect to continue learning, growing, and getting better at what we do: 

1. Can you find both sides of this equation being lived out in those you know who have succeeded? 

2. Does it clearly differentiate workers who succeed from those who don't? 

3. Did the successful individuals come with one or both characteristics, or did they develop them?

4.  Do people lose either side of the equation with time? If so ,how and why?

5.  Can you teach this equation in a way where it will inspire people to develop a growth mindset and better pursue both sides of the equation?

6.  Are there components of the equation that are missing? (i.e. interests, signature strengths or innate wiring etc.)

Let me know your answers or other questions that I might be missing.

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Already of a member of TMOC?  If so, join the WorkPuzzle Dialog Group by clicking on the WorkPuzzle Group icon on the left side of your TMOC homepage.  Questions?   Email the WorkPuzzle editor (workpuzzle@hiringcenter.net) and we'll walk through the process.

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Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. 

Why "Career Seminars" Will Always Be Inferior to One-on-One Interviews

One of the questions we often get from hiring managers is:

“Are one-on-one interviews really necessary in the real estate hiring process?”

What’s implied in this question (and usually comes out later in the discussion) is that it might be more efficient to conduct group interviews with several candidates at once rather than one-on-one interviews.

The line of reason is that interviews take a lot of time, and many early stage candidates are not serious about making a career change.  The group interview is a great way to “weed-out” those who are not truly interested or unqualified.

In a real estate company, this “group interview” usually takes the form of a career seminar.  It typically is an informational meeting where the company describes the benefits of changing careers and becoming a real estate agent.  At the end of the meeting, there’s typically some call to action (sign-up for licensing school, schedule a follow-up meeting with a hiring manager, etc.) that encourages the candidate to move forward in the process.

For years, we’ve recommended not using this methodology for interfacing with the majority of candidates.  There is nothing wrong with running an occasional career seminar for those who truly want information about a real estate career.  However, using this tool as a replacement or precursor to one-on-one interviews has not proven to be a best practice for recruiting high quality individuals.

Outside of the empirical data that we collected on this topic (ie. most real estate companies consistently hire 40% to 60% “D” performers using traditional hiring techniques such as career seminars), I could not put my finger on the psychology of why the “group interview concept” was inferior until last week.  I found this insight in an odd place—a coaching article written by Ed Batista.

I’ve read Ed Batista’s blog for several years, but I usually gain insight from a coaching perspective, not a recruiting perspective.   Ed is a successful executive coach and an instructor and leadership coach at the Stanford Graduate School of Business.  His business is coaching, but in the process of explaining coaching concepts he reveals a lot about the psychology of people.

The particular blog that peaked my interest was titled:  Spending Attention.  In this discussion, Ed makes the point that focused attention is one of the most powerful forces made available to human beings—both from a giving and receiving perspective.

“Focused attention is our most precious resource, because 1) it's extremely taxing on our intellectual and emotional capabilities, 2) it can have a amazingly powerful effect on its object, and 3) it can't be subdivided. (We can pay continuous partial attention to multiple objects simultaneously, but we can truly focus on only one object at any given moment.)

Much of what I do as a coach and as an experiential educator at Stanford involves nothing more than devoting my full attention to another person. This is somewhat easier in a one-on-one coaching session with a client or student, and it's somewhat harder in a group setting, but under any circumstances it's a challenging task that's almost always worth the effort.”

So, what does this have to do with interviewing?  There’s something  powerful that happens to an individual when they receive another person’s full attention.  Ed puts it this way:

“… devoting our full attention to someone can be a novel experience for both of us that in and of itself stimulates something useful in the interaction. The other person feels seen, heard, recognized, validated, appreciated or challenged in ways that partial attention never generates. And as we momentarily quiet our inner voice, we suddenly become aware of so many things that we missed before--not only about the other person and our environment, but also about ourselves. The subtler, more elusive thoughts and feelings that are usually drowned out by the louder currents can now be heard.”

It’s obvious that humans crave focused attention.  In the hiring process, the best chance of making this happen is in a one-on-one interview. 

By the way, just because a person is sitting across the desk from you, doesn’t mean focused attention will happen (read the rest of Ed’s blog to learn more about how you can become effective at giving focused attention). 

But, focused attention is almost guaranteed NOT to happen in a group interview/career seminar setting.

A high quality candidate wants and deserves the focused attention of the hiring manager during the hiring process.  If this element is missing, the high quality candidates will exit the hiring process. 

When the high quality candidates leave the hiring process, all you’re left with are desperate candidates who believe they deserve no better than a career information session. 

Of course there are exceptions to this rule (I’m sure some of you will write me about how you hired your best agent ever through a career information session), but you won’t win the hiring game by betting on the exceptions.  In the long run, the time and effort you put into one-on-one interviews will pay off.

Question:  What techniques have you found effective in making candidates feel they have your focused attention during an interview?

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By joining TMOC, you'll get to see who else is in the group and your comments will only be seen by those whom you trust.   Joining TMOC is quick, easy, and free (no kidding…this takes less than 2 minutes).   To get started, click here.

Already of a member of TMOC?  If so, join the WorkPuzzle Dialog Group by clicking on the WorkPuzzle Group icon on the left side of your TMOC homepage.  Questions?   Email the WorkPuzzle editor (workpuzzle@hiringcenter.net) and we'll walk through the process.

 

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Editor's Note: This article was written by Ben Hess. Ben is the Founding Partner and Managing Director of Tidemark, Inc. and a regular contributor to WorkPuzzle. 

The Progress Principle

Since reading the books "Flow" and "Finding Flow" summarizing the empirical research of Mihaly Csikszentmihalyi, I constantly think about improving work tasks and how to keep them from being too boring or anxiety producing. 

The book, "The Progress Principle: Using Small Wins to Ignite Joy, Engagement, and Creativity at Work" by Teresa Amabile and Steven Kramer, does an excellent job reminding us what goes on inside the heads of those we are responsible for and how to improve their engagement at work. Analyzing nearly 12,000 diary entries, provided by 238 employees in 7 companies, the authors explain how managers can cultivate progress and enhance work life. 

 The diaries themselves can provide insight to the inner turmoil people experience, and that alone might be worth the price of the book. However, the real value comes in their insightful recommendations. Not only are the recommendations well worth considering, but existing research also agrees with the suggestions.

 In the book, the authors demonstrate how to remove obstacles to progress, such as pointless tasks and toxic relationships, how to enable progress, using clear goals matched with autonomity, and how to nourish interpersonal events that demonstrate respect and foster collegiality. 

 The following video is rather long, at 18 minutes, but, if you have the time on an upcoming flight, it may be worth a look. 

 

  

Knowing how to get and keep your team engaged may  qualify as one of the top three tasks of being a leader. You can work on many other factors, but, if you have disengaged workers, the progress will be slow.

Question:  Are you able to keep those around you engaged?  Share the techniques that you've found effective in keeping those on your team engaged.

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Engage in the WorkPuzzle discussion by joining the TMOC private social network.  Commenting on a public blog like WorkPuzzle can be a little intimidating, so why not join the discussion inside the privacy of the TMOC discussion group?  

By joining TMOC, you'll get to see who else is in the group and your comments will only be seen by those whom you trust.   Joining TMOC is quick, easy, and free (no kidding…this takes less than 2 minutes).   To get started, click here.

Already of a member of TMOC?  If so, join the WorkPuzzle Dialog Group by clicking on the WorkPuzzle Group icon on the left side of your TMOC homepage.  Questions?   Email the WorkPuzzle editor (workpuzzle@hiringcenter.net) and we'll walk through the process.

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Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. 

Risk Averse is Life Averse

About 12 years ago, I was burned out in my work-life.  At the time, I found it difficult to maintain almost any degree of excitement towards my daily routine. This was a new feeling for me. Up to this point, I had found it easy to capture enthusiasm towards my work. 

What caused this situation to develop?  There were probably several factors. Part of the issue was related to a transition at home.  I was being freed up from many parenting duties (I had one child in college and two more about to enter), and the nature of my role was changing.  

During that period (that I have since referred to as "Dave's Doldrums"), I was introduced to an exercise that eventually helped free me from those very doldrums. The task was called the "Sage Letter." 

I know it sounds a bit far out, and I usually avoid anything that remotely smells of pop psychology.  But I was desperate, and I thought I'd give it a try.

The exercise involved imagining myself as an 85-year-old man looking back at the events of my life. From that perspective, I wrote a letter of advice to myself at my current age (I was 40 at the time).  I know this sounds simple, but it actually takes some time to write such a letter.  I had to seriously dive headlong into this somewhat bizarre task of "becoming" this 85-year-old man. 

I eventually knew that I had arrived at the "right place" when I truly felt confronted with an actual 85-year-old version of myself.  I started uncovering my hidden blind spots and aversion to risk. The pure wisdom of brutal honesty suddenly poured out on the page.  I started to understand why I was experiencing these doldrums, and I could see how much self-sabotage was going on in my life.

This exercise helped me gain some much-needed clarity. The primary insight I experienced was an awareness of the risk aversion that had crept into my life. It had not been there before, but had slowly and insidiously developed.  But, it didn't stop there. The letter also revealed hidden truths about how to improve my marriage, my friendships and my spiritual life. 

Since that experience, I cut back on my private practice, began a consulting company, taught graduate classes at a local university, started leading a ministry at my Church, and helped start Tidemark and see it grow.  My energy and enthusiasm for life returned.

Why am I disclosing all this?  It's because I recently ran across some research explaining the risk aversion that I had felt during this critical juncture in my life.   It is actually quite common and typically happens during an individual’s child rearing years.  The result is a "freezing" of the ability a person has to thoughtfully make big life decisions and it later leads to a profound sense of regret. 

The research was summarized in a recent book, 30 Lessons for Living: Tried and True Advice from the Wisest Americans, written by Karl Pillemer, a human ecology professor at Cornell University. Dr. Pillemer spent five years interviewing more than 1000 Americans who are over 65 years old. 

In the book, he distills their wisdom into principles on work, life, marriage, parenting, and other topics. He also describes how many of these elderly people regret having been risk averse earlier in their lives. 

In the next edition, I'll share more about this research.  But in the mean time,  I'd like you to think about how this relates to the people you interview, recruit and manage. Who could you advise to use the "Sage Letter" exercise? Or, maybe it is time you give it a try to yourself.   

Question:  Are there any opportunities you missed in your professional life because you were risk adverse?  What did you learn from the experience?

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Join the WorkPuzzle Discussion at the Tidemark Online Community (TMOC)

Engage in the WorkPuzzle discussion by joining the TMOC private social network.  Commenting on a public blog like WorkPuzzle can be a little intimidating, so why not join the discussion inside the privacy of the TMOC discussion group?  

By joining TMOC, you'll get to see who else is in the group and your comments will only be seen by those whom you trust.   Joining TMOC is quick, easy, and free (no kidding…this takes less than 2 minutes).   To get started, click here.

Already of a member of TMOC?  If so, join the WorkPuzzle Dialog Group by clicking on the WorkPuzzle Group icon on the left side of your TMOC homepage.  Questions?   Email the WorkPuzzle editor (workpuzzle@hiringcenter.net) and we'll walk through the process.

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Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. 

When Change Hits, Your Top Talent Leaves First

Editor's Note:  This article was written by  Mark Johnson, a guest contributor to WorkPuzzle. Mark is a coach, speaker, and trainer who works with the Tom Ferry Companies. 

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Naturally, your best agents and staff have the most alternatives in the marketplace. Highly talented people are the most likely to be recruited away and the best equipped to leave on their own initiative.

If you wait until your agents (or staff) go public with their plans to leave --before you re-recruit them--you've obviously waited too long.  The heart leaves before the body.

Forbes recently published an article 10 Reasons Your Top Talent Will Leave You and it triggered me to think about how our broker owners, managers and leaders execute the retention effort across their companies.

Few things in business are as costly and disruptive as unexpected agent or staff departures. And despite what you feel or think, when Forbes interviewed employees here’s what they said:

• More than 30% believe they’ll be working someplace else inside of 12 months.
• More than 40% don’t respect the person they report to.
• More than 50% say they have different values than their employer.
• More than 60% don’t feel their career goals are aligned with the plans their employers have for them.
• More than 70% don’t feel appreciated or valued by their employer.

The facts are that agents and staff who are challenged, engaged, valued, and rewarded (emotionally, intellectually & financially) don't leave. However if you miss any of these critical areas, it’s only a matter of time until they head for the door. 

Forbes went on to identify these 10 reasons your talent will leave you:

1.  You Failed To Unleash Their Passions

2.  You Failed To Challenge Their Intellect

3.  You Failed To Engage Their Creativity

4.  You Failed To Develop Their Skills

5.  You Failed To Give Them A Voice

6.  You Failed To Care

7.  You Failed To Lead

8.  You Failed To Recognize Their Contributions

9.  You Failed To Increase Their Responsibility

10. You Failed To Keep Your Commitments

 

Smart leaders don’t allow these mistakes to happen. Start re-recruiting your key agents and staff today. Take a look at the 10 reasons and create a strategy in your company to address the biggest issues.

Start by spending less time trying to retain people, and more time understanding them, caring for them, investing in them, and leading them. When you do, the retention you desire will naturally happen. 

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Join the WorkPuzzle Discussion at the Tidemark Online Community (TMOC)

Engage in the WorkPuzzle discussion by joining the TMOC private social network.  Commenting on a public blog like WorkPuzzle can be a little intimidating, so why not join the discussion inside the privacy of the TMOC discussion group?  

By joining TMOC, you'll get to see who else is in the group and your comments will only be seen by those whom you trust.   Joining TMOC is quick, easy, and free (no kidding…this takes less than 2 minutes).   To get started, click here.

Already of a member of TMOC?  If so, join the WorkPuzzle Dialog Group by clicking on the WorkPuzzle Group icon on the left side of your TMOC homepage.  Questions?   Email the WorkPuzzle editor (workpuzzle@hiringcenter.net) and we'll walk through the process.

 

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Editor's Note: This article was written by Mark Johnson.  Mark is a coach, speaker, and trainer who works with high-performing real estate agents, teams, managers and leaders in the highly competitive Southern California marketplace and across the United States. 

 A US Army veteran, Mark has since led multi-million dollar strategic operations initiatives, major sales and recruiting promotions, sales force automation ventures,  and help desk support projects.  He currently works with the Tom Ferry Companies.

 

What Makes Your Business Unique and Different?

Editor's Note:  Here is one of our New Year's Resolutions: WorkPuzzle will now be publishing articles written by guest contributors.  The first guest contributor is Mark Johnson.  Mark is a coach, speaker, and trainer who works with the Tom Ferry Companies.

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I've been thinking about the businesses where I choose to spend my hard earned money and time. And what I've found is these businesses all offer me something unique and different. It's really no different in your retention and recruiting efforts. So...

What makes you different and unique from the others in your market? 

Everyone is honest, hard working and knowledgable... so other than what everyone else has, what's your unique value to your target clients? How will they know you are different or unique? 

Like an airplane, a bus or a rental car any company or most any agent or brokerage... they all can get you there. We compete in a commodity business. 

So why would an agent choose you? 

Why would they stay with you? 

Why would they recommend you to others? 

Here is an excerpt from Gary Vaynerchuk's book the Thank You Economy to consider as you execute your business plans for 2013: 

" Consumers' demand for authenticity, originality, creativity and positive intent have made it necessary for brands to revert to a level of service rarely seen in decades. Which leads me to believe one of your best competitive advantages is superior customer service. Creating an exceptional experience..." 

We've entered a new era in business... one where the biggest return isn't tied to throwing money at advertising campaigns but in proving you care about your customer more than anyone else.  How?

1. Be authentic - online or offline - say what you mean and mean what you say. 

2. Speak your customers language. 

3. Build a sense of community around your brand. 

4. YIKES - use some "shock and awe" to blow your customers minds and get them engaged and talking. 

5.  Don't be afraid of what's new and unfamiliar... 

How can you create an exceptional experience for your agents?

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Join the WorkPuzzle Discussion at the Tidemark Online Community (TMOC)

Engage in the WorkPuzzle discussion by joining the TMOC private social network.  Commenting on a public blog like WorkPuzzle can be a little intimidating, so why not join the discussion inside the privacy of the TMOC discussion group?  

By joining TMOC, you'll get to see who else is in the group and your comments will only be seen by those whom you trust.   Joining TMOC is quick, easy, and free (no kidding…this takes less than 2 minutes).   To get started, click here.

Already of a member of TMOC?  If so, join the WorkPuzzle Dialog Group by clicking on the WorkPuzzle Group icon on the left side of your TMOC homepage.  Questions?   Email the WorkPuzzle editor (workpuzzle@hiringcenter.net) and we'll walk through the process.

 

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Editor's Note: This article was written by Mark Johnson.  Mark is a coach, speaker, and trainer who works with high-performing real estate agents, teams, managers and leaders in the highly competitive Southern California marketplace and across the United States. 

 A US Army veteran, Mark has since led multi-million dollar strategic operations initiatives, major sales and recruiting promotions, sales force automation ventures,  and help desk support projects.  He currently works with the Tom Ferry Companies.