Why women make businesses more profitable

When it comes to the workplace, more diversity means more money.

Shutterstock
  • While the workplace is slowly diversifying, some industries have been slow to change.
  • A growing body of research is uncovering that workplaces with greater diversity actual perform better. One of the clearest examples of this effect is in venture capitalism, where nearly all venture capitalists are white, male, Harvard graduates.
  • When VC firms hire more women, their effectiveness and profitability explodes.
Keep reading Show less

Study: 50% of people pursuing science careers in academia will drop out after 5 years

That's a sharp increase from the 1960s when it took the same share of scientists an average of 35 years to drop out of academia.

Pixabay
  • The study tracked the careers of more than 100,000 scientists over 50 years.
  • The results showed career lifespans are shrinking, and fewer scientists are getting credited as the lead author on scientific papers.
  • Scientists are still pursuing careers in the private sector, however there are key differences between research conducted in academia and industry.
Keep reading Show less

Jordan Peterson’s guide to leadership

Here's what it means to be a good leader—no buzzwords, no bullsh*t.

  • The psychology of leadership is a mess, says Jordan Peterson, because it's clouded by "management idiot speak." One example? A leader's job isn't to motivate people; it's to tap into people's sense of purpose. Motivation is the byproduct.
  • Lead your team like a free society, not a dictatorship. Based on developmental psychologist Jean Piaget's observations, Peterson emphasizes the importance of an equilibrated state, which is "a situation that's set up by two or more people where everyone is participating in the state voluntarily."
  • Authoritarian-style leadership ("Do this or else") is a terrible way to run a team. Good leadership means finding people who want to contribute. Otherwise, says Peterson, "the enforcement costs are so high that the free society will outcompete the authoritarian society across time."
Keep reading Show less

Why early retirement comes with one big clause

Here's why financial independence doesn't mean free time forever.

  • Vicki Robin and Joe Dominguez coauthored Your Money or Your Life in 1992, a now-classic finance book about liberating yourself from debt, waking up to obsessive materialism, and learning to be financially self-sufficient.
  • Anyone interested in becoming financially independent and retiring early needs to ask one big question first: Who are you without your job? What would you do with your life if income were not the focus?
  • The biggest myth? Retiring is not the end of work; it's only the end of your job. It is not free time forever. Vicki Robin warns that people who don't know what to do with their time may be headed for an identity crisis.
Keep reading Show less

Multitasking actually does boost performance. Wait, what?

A new study re-assesses multitasking.

(alphaspirit/Shutterstock)
  • Multitasking may have some value after all — as a useful illusion
  • A new study shows that simply believing you're multitasking helps performance
  • Try this for yourself and see what happens
Keep reading Show less