Podcasts about incentives

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Best podcasts about incentives

Show all podcasts related to incentives

Latest podcast episodes about incentives

Breakfast with Refilwe Moloto
City of Cape Town's debt write off incentive

Breakfast with Refilwe Moloto

Play Episode Listen Later May 20, 2022 5:52


The City of Cape Town is giving citizens the opportunity to write off historic debt. Africa Melane speaks to the City's Mayoral Committee Member for Finance, Councillor Siseko Mbandezi, on just how this offer will work. See omnystudio.com/listener for privacy information.

Immunotec Podcast
Xventure Incentive Trip 2022

Immunotec Podcast

Play Episode Listen Later May 18, 2022 35:01


The Ultimate guide to prepare yourself to earn the trip! Special training session for All Consultants. With special participation from Senior Platinum Consultant Vicky Maese. 

The Gee and Ursula Show
Hour 2: Additional Incentives for Microsoft Workers

The Gee and Ursula Show

Play Episode Listen Later May 17, 2022 33:08


WHAT'S NEW AT TEN! // Kids in Marysville could need parent's permission to join clubs.  But after meeting last night, board backs off some. // SCENARIOS! See omnystudio.com/listener for privacy information.

Interviews
Annika Steiber: Rendanheyi is the Most Radically Disruptive Organizational Innovation

Interviews

Play Episode Listen Later May 17, 2022


Innovation in organization is at least equal in importance to technological innovation and product / service innovation. It tends to get less attention, which is a great opportunity for imaginative entrepreneurs to implement change for competitive advantage. Dr. Annika Steiber has studied organizational innovation for over twenty years and is a global authority. She shares her insights with Economics For Business, including her analysis of the most dramatic organizational innovation of all, Rendanheyi. Professor Steiber's most recent book is Leadership For A Digital World (Mises.org/E4B_170_Book1), and is her most comprehensive guide yet for business management in the digital age. She's the author of eleven books, including The Google Model (Mises.org/E4B_170_Book2) and The Silicon Valley Model (Mises.org/E4B_170_Book3). Her Menlo College Rendanheyi Silicon Valley webinars are available at Menlo.edu/Webinars. Key Takeaways and Actionable Insights Organizational innovation doesn't get the attention it merits, even though it can contribute greatly to customer value generation. Innovation thinking tends to focus on technology innovation and product/service innovation, with the definition of innovation as the successful introduction of new customer value to markets. Organizational innovation is not often seen through that lens. But it should be. We can reframe the problem this way: does bad organizational structure subtract from the customer value experience? We can all think of ways in which it might do so: for example, poor customer service when customer-facing employees are not empowered, and layers of bureaucracy that impede responsiveness to customer needs. In those cases, organizational innovation could readily generate improved customer experiences and enhanced customer value. Dr. Steiber had made organizational innovation her research focus for over two decades. There are a small number of organizational innovators, and a lot of imitators. Google has been one of the originators of new organizational models. Many organizational innovations are pre-packaged — LEAN is an example — and implementers are following someone else's lead. Others are long drawn out evolutions of incremental improvement without a great burst of innovation. One example of what Dr. Steiber calls "an entirely new animal" in organizational innovation can be found in the early years of Google, which she studied first hand — she was embedded in Google as an independent researcher. She observed a different management model than anything she had seen before anywhere in the world. From this research, Professor Steiber developed six new management principles, published in her book The Google Model, and summarized in our free PDF (Mises.org/E4B_170_PDF). Silicon Valley companies employed and expanded on the Google Model. Dr. Steiber studies the peers of Google in Silicon Valley and found that they all adopted the Google Model and its six principles, some more slowly than others. Interestingly, her research pointed to a DNA advantage for Silicon Valley going back to the gold rush: it was a location that attracted and was populated by innovative and entrepreneurial people who were capable of building businesses and new institutions from scratch in the late 19th Century, and in the 20th Century, it was the place where Information Technology emerged, was expanded and accelerated and first put to use in business. Knowledge and knowledge flow replaced management structures and face-to-face administration, including at early pioneers such as Hewlett-Packard. Read "The HP Way"—an early Silicon Valley organizational innovation manifesto (Mises.org/E4B_170_PDF2). The six management principles Dr. Steiber describes are: Dynamic capabilities. Ability to integrate, develop, and reconfigure internal and external competencies in order to meet rapidly changing surroundings. A continuously changing organization. Instead of waiting and springing into action after needs become pressing, a company should ensure that its organization is permeated with a proactive approach to change. A people-centric approach. People-centric, focusing on the individual and liberating their innovative power and providing them with a setting in which they can express their creativity. An ambidextrous organization. Two different forms of organizational logic within the same organization: daily production, which works best with a conventional planning-and-control approach, and innovation, which requires greater freedom, flexibility, and a more open attitude toward experimentation. An ambidextrous organization must successfully handle and utilize the energy inherent in the contrast between these two forms of logic. An open organization that networks with its surroundings. Permeable boundaries and a constant and conscious exchange of information with the surroundings. Long-term survival requires that companies develop into more open networking systems. A systems approach. A holistic view of the system and understanding that the system can spontaneously develop new characteristics that can be difficult to predict. These new characteristics can be positive, negative or a combination of the two, creating a demand for additional measures, such as decreasing the fallout from unexpected negative system effects. We highlighted a couple of these new management principles. A continuously changing organization The most successful companies are designed for constant renewal. They expect change all the time, and they lead its development. They aim for excellence on every dimension, applying three layers of expertise: Be proactive: Search for change internally and externally. Embrace it and practice it.Experimentation culture: Try every initiative assuming that it could be a new opportunity. Mobilize fast.Don't follow. Take the lead, change the standard, be disruptive rather than disrupted, practice creative destruction. These companies never lose external focus, continuously monitoring developments and competitors that could disrupt them, and constantly market-testing new initiatives. They have highly developed sensing capabilities. An ambidextrous organization Combining the two logics of flawless daily execution for known established businesses and exploratory experimentation seeking unknown new business innovation is an organizational breakthrough. It's a systemic view of an organization combining different kinds of leadership for the two styles, different cultural signals, different milestones, different incentives, and different evaluation criteria. One system is designed for stability and one for change. Rendanheyi: the most radically entrepreneurial organizational innovation. True organizational innovation is very rare, but there is a new one that Professor Steiber described for E4B called Rendanheyi. Rendanheyi is an organizational innovation for the network age in which a large company (Haier, the Chinese company that first instituted the model has 70,000 employees) splits itself into hundreds of microenterprises of averagely 60-70 people — but could be as low as 10 or so - each enterprise performing as its own entrepreneurial business with its own P&L, its own customer base, and control over hiring, budget, and distribution of profit, and over its own value-adding line of business. Defining characteristics include: No bureaucracy, hierarchy, or pyramid forms of organization; no managers.Employees are not referred to as such — everyone can be an entrepreneur is the mantra; they choose which microenterprise to work in. The focus is on the customer or end-user and not on pleasing the manager above. Incentive systems reward all employees for value creation, and all individual employees are constantly trying to understand how to increase value for customers. Increased value creation is rewarded, and so wealth generation is democratized.Zero distance to the end-user: this is a Rendanheyi principle that brings the consumer or customer inside the microenterprise to co-create new value in the form of new products and services and solutions. Wholesalers and retailers, for example, can inject distance between a Haier micro-enterprise and its users; the enterprise might look to digital solutions to eliminate that distance. Generally, they seek to identify barriers to zero distance to the users and get rid of them.End-user is a general term, so that those micro-enterprises that are serving other businesses rather than consumers can nevertheless practice the zero distance principle. For example, there may be a marketing micro-enterprise within Haier that serves a manufacturing micro-enterprise and a sales micro-enterprise. All can be aligned with zero distance and can work to fulfill end-users' needs.Paid-by-user. This principle focuses micro-enterprises on end-user value by emphasizing that all businesses live or die based on whether the end-user pays them for value perceived, or not. It's Austrian customer sovereignty in action. The general tendency in paid-by-user is away from transactional relationships to extended relationships across multiple purchases in ecosystems and via subscriptions and memberships. Relationships are an important focus, and the focus is on creating life-time users. A sports team on the playing field is a sound analogy for Rendanheyi. There is no central control, each team member is collaborating and combining specialized skills for a team result. There is only limited call for corporate functions at the center of the Rendanheyi organization. There is a role for developing and furthering vision that crosses multiple micro-enterprises, and for portfolio decision-making as to where to invest resources. Some orchestration functions can be assigned to the center — for example, furthering ecosystem thinking whereby micro-enterprises serving a consumer domain such as the kitchen can develop multiple services including information services and integration services across multiple appliances, tasks, and problems for the kitchen ecosystem. The result of the Rendanheyi model is the animation of a living system, a superorganism. Rendanheyi provides a genuinely new and different perspective on entrepreneurial organization at scale. Additional Resources "Six Organizational Principles for Adaptive Entrepreneurial Models" (PDF): Mises.org/E4B_170_PDF Rendanheyi Silicon Valley Center: Mises.org/E4B_170_Rendanheyi Menlo College Rendanheyi Silicon Valley Webinars: Menlo.edu/Webinars Menlo College Digital Management Courses and Webinars: Executive.Menlo.edu

Mises Media
Annika Steiber: Rendanheyi is the Most Radically Disruptive Organizational Innovation

Mises Media

Play Episode Listen Later May 17, 2022


Innovation in organization is at least equal in importance to technological innovation and product / service innovation. It tends to get less attention, which is a great opportunity for imaginative entrepreneurs to implement change for competitive advantage. Dr. Annika Steiber has studied organizational innovation for over twenty years and is a global authority. She shares her insights with Economics For Business, including her analysis of the most dramatic organizational innovation of all, Rendanheyi. Professor Steiber's most recent book is Leadership For A Digital World (Mises.org/E4B_170_Book1), and is her most comprehensive guide yet for business management in the digital age. She's the author of eleven books, including The Google Model (Mises.org/E4B_170_Book2) and The Silicon Valley Model (Mises.org/E4B_170_Book3). Her Menlo College Rendanheyi Silicon Valley webinars are available at Menlo.edu/Webinars. Key Takeaways and Actionable Insights Organizational innovation doesn't get the attention it merits, even though it can contribute greatly to customer value generation. Innovation thinking tends to focus on technology innovation and product/service innovation, with the definition of innovation as the successful introduction of new customer value to markets. Organizational innovation is not often seen through that lens. But it should be. We can reframe the problem this way: does bad organizational structure subtract from the customer value experience? We can all think of ways in which it might do so: for example, poor customer service when customer-facing employees are not empowered, and layers of bureaucracy that impede responsiveness to customer needs. In those cases, organizational innovation could readily generate improved customer experiences and enhanced customer value. Dr. Steiber had made organizational innovation her research focus for over two decades. There are a small number of organizational innovators, and a lot of imitators. Google has been one of the originators of new organizational models. Many organizational innovations are pre-packaged — LEAN is an example — and implementers are following someone else's lead. Others are long drawn out evolutions of incremental improvement without a great burst of innovation. One example of what Dr. Steiber calls "an entirely new animal" in organizational innovation can be found in the early years of Google, which she studied first hand — she was embedded in Google as an independent researcher. She observed a different management model than anything she had seen before anywhere in the world. From this research, Professor Steiber developed six new management principles, published in her book The Google Model, and summarized in our free PDF (Mises.org/E4B_170_PDF). Silicon Valley companies employed and expanded on the Google Model. Dr. Steiber studies the peers of Google in Silicon Valley and found that they all adopted the Google Model and its six principles, some more slowly than others. Interestingly, her research pointed to a DNA advantage for Silicon Valley going back to the gold rush: it was a location that attracted and was populated by innovative and entrepreneurial people who were capable of building businesses and new institutions from scratch in the late 19th Century, and in the 20th Century, it was the place where Information Technology emerged, was expanded and accelerated and first put to use in business. Knowledge and knowledge flow replaced management structures and face-to-face administration, including at early pioneers such as Hewlett-Packard. Read "The HP Way"—an early Silicon Valley organizational innovation manifesto (Mises.org/E4B_170_PDF2). The six management principles Dr. Steiber describes are: Dynamic capabilities. Ability to integrate, develop, and reconfigure internal and external competencies in order to meet rapidly changing surroundings. A continuously changing organization. Instead of waiting and springing into action after needs become pressing, a company should ensure that its organization is permeated with a proactive approach to change. A people-centric approach. People-centric, focusing on the individual and liberating their innovative power and providing them with a setting in which they can express their creativity. An ambidextrous organization. Two different forms of organizational logic within the same organization: daily production, which works best with a conventional planning-and-control approach, and innovation, which requires greater freedom, flexibility, and a more open attitude toward experimentation. An ambidextrous organization must successfully handle and utilize the energy inherent in the contrast between these two forms of logic. An open organization that networks with its surroundings. Permeable boundaries and a constant and conscious exchange of information with the surroundings. Long-term survival requires that companies develop into more open networking systems. A systems approach. A holistic view of the system and understanding that the system can spontaneously develop new characteristics that can be difficult to predict. These new characteristics can be positive, negative or a combination of the two, creating a demand for additional measures, such as decreasing the fallout from unexpected negative system effects. We highlighted a couple of these new management principles. A continuously changing organization The most successful companies are designed for constant renewal. They expect change all the time, and they lead its development. They aim for excellence on every dimension, applying three layers of expertise: Be proactive: Search for change internally and externally. Embrace it and practice it.Experimentation culture: Try every initiative assuming that it could be a new opportunity. Mobilize fast.Don't follow. Take the lead, change the standard, be disruptive rather than disrupted, practice creative destruction. These companies never lose external focus, continuously monitoring developments and competitors that could disrupt them, and constantly market-testing new initiatives. They have highly developed sensing capabilities. An ambidextrous organization Combining the two logics of flawless daily execution for known established businesses and exploratory experimentation seeking unknown new business innovation is an organizational breakthrough. It's a systemic view of an organization combining different kinds of leadership for the two styles, different cultural signals, different milestones, different incentives, and different evaluation criteria. One system is designed for stability and one for change. Rendanheyi: the most radically entrepreneurial organizational innovation. True organizational innovation is very rare, but there is a new one that Professor Steiber described for E4B called Rendanheyi. Rendanheyi is an organizational innovation for the network age in which a large company (Haier, the Chinese company that first instituted the model has 70,000 employees) splits itself into hundreds of microenterprises of averagely 60-70 people — but could be as low as 10 or so - each enterprise performing as its own entrepreneurial business with its own P&L, its own customer base, and control over hiring, budget, and distribution of profit, and over its own value-adding line of business. Defining characteristics include: No bureaucracy, hierarchy, or pyramid forms of organization; no managers.Employees are not referred to as such — everyone can be an entrepreneur is the mantra; they choose which microenterprise to work in. The focus is on the customer or end-user and not on pleasing the manager above. Incentive systems reward all employees for value creation, and all individual employees are constantly trying to understand how to increase value for customers. Increased value creation is rewarded, and so wealth generation is democratized.Zero distance to the end-user: this is a Rendanheyi principle that brings the consumer or customer inside the microenterprise to co-create new value in the form of new products and services and solutions. Wholesalers and retailers, for example, can inject distance between a Haier micro-enterprise and its users; the enterprise might look to digital solutions to eliminate that distance. Generally, they seek to identify barriers to zero distance to the users and get rid of them.End-user is a general term, so that those micro-enterprises that are serving other businesses rather than consumers can nevertheless practice the zero distance principle. For example, there may be a marketing micro-enterprise within Haier that serves a manufacturing micro-enterprise and a sales micro-enterprise. All can be aligned with zero distance and can work to fulfill end-users' needs.Paid-by-user. This principle focuses micro-enterprises on end-user value by emphasizing that all businesses live or die based on whether the end-user pays them for value perceived, or not. It's Austrian customer sovereignty in action. The general tendency in paid-by-user is away from transactional relationships to extended relationships across multiple purchases in ecosystems and via subscriptions and memberships. Relationships are an important focus, and the focus is on creating life-time users. A sports team on the playing field is a sound analogy for Rendanheyi. There is no central control, each team member is collaborating and combining specialized skills for a team result. There is only limited call for corporate functions at the center of the Rendanheyi organization. There is a role for developing and furthering vision that crosses multiple micro-enterprises, and for portfolio decision-making as to where to invest resources. Some orchestration functions can be assigned to the center — for example, furthering ecosystem thinking whereby micro-enterprises serving a consumer domain such as the kitchen can develop multiple services including information services and integration services across multiple appliances, tasks, and problems for the kitchen ecosystem. The result of the Rendanheyi model is the animation of a living system, a superorganism. Rendanheyi provides a genuinely new and different perspective on entrepreneurial organization at scale. Additional Resources "Six Organizational Principles for Adaptive Entrepreneurial Models" (PDF): Mises.org/E4B_170_PDF Rendanheyi Silicon Valley Center: Mises.org/E4B_170_Rendanheyi Menlo College Rendanheyi Silicon Valley Webinars: Menlo.edu/Webinars Menlo College Digital Management Courses and Webinars: Executive.Menlo.edu

DC Incentives Podcast
DC Incentives Podcast Ep. 42 Part 2

DC Incentives Podcast

Play Episode Listen Later May 15, 2022 42:33


This is a continuation of the previous episode of Chuck Finance and Laquanya G --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/diamond-cash/support

SGP Radio Noir
DC Incentives Podcast Ep. 42 Part 2 - Chuck Finance

SGP Radio Noir

Play Episode Listen Later May 15, 2022 42:34


This is a continuation of the previous episode. Chuck Finance is a nationally certified financial literacy instructor.The following topics discussed in this episode included:- Insurance.- Stocks.- Lobbying.- Home Acquisition.- Credit Cards.- Working a 9 to 5.- Bonds.- Dividends.- FDIC.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this podcast: https://anchor.fm/diamond-cash/support

BGP Radio
DC Incentives Podcast Ep. 42 Part 2 - Chuck Finance

BGP Radio

Play Episode Listen Later May 15, 2022 42:34


This is a continuation of the previous episode. Chuck Finance is a nationally certified financial literacy instructor.The following topics discussed in this episode included:- Insurance.- Stocks.- Lobbying.- Home Acquisition.- Credit Cards.- Working a 9 to 5.- Bonds.- Dividends.- FDIC.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this podcast: https://anchor.fm/diamond-cash/support

Alabama's Morning News with JT
Andie Monet 051322

Alabama's Morning News with JT

Play Episode Listen Later May 13, 2022 5:20


Speaker, consultant and leadership expert Andi Monet discusses a story where a CEO offered incentives for employees to lose weight.

Keys To The Shop : Equipping the Coffee Retail Professional
RoR Live at SCA #3 Karl Wienhold | Cheap Coffee Book

Keys To The Shop : Equipping the Coffee Retail Professional

Play Episode Listen Later May 13, 2022 31:34


For this 3rd episode of the Rate of Rise Live Series! We are talking with the always thought provoking, Karl Wienhold, Author of the book, Cheap Coffee! The RoR Live Series is a project in partnership with Roast Magazine taking the popular RoR series on Keys to the Shop and to the SCA 2022 Global EXPO in Boston where we have some live face-to-face interviews with 10 of the coffee industry's brightest minds Karl Wienhold is a consultant, researcher and organizer of postcolonial rural development. He is dedicated to trying to better understand and undo extractive economic power structures that have oppressed people and degraded ecosystems to enrich others since colonial times. He studies coffee, microeconomics, agroforestry, circular economies, and is the author of the challenging and important book, "Cheap Coffee". In our chat we dig into lots of topics- mostly challenging- but some encouraging. All Inspiring action.  We cover: The power difference in the supply chain Treating symptoms vs finding solutions The role marketing plays Incentive structures Conflicts of interest Autonomy, Charity, and efficiency Grace for growth   Click here tp watch video of this interview on Roast magazine's YouTube channel!  Subscribe to Roast Magazine! (Use code "ROR" to get $5 bucks off your subscription)   Links: www.cheapcoffeebook.com    www.keystotheshop.com Consulting and coaching: chris@keystotheshop.com

eCommerce Fuel
Hiring and Compensating Top Performers

eCommerce Fuel

Play Episode Listen Later May 13, 2022 59:56


Most eCommerce owners struggle with hiring, let alone trying to hire when they're scaling at a rapid pace. Roc Pilon is a successful entrepreneur in business, real estate, and the fitness industry. He has a really interesting story coming from a trailer in Boise, Idaho dealing with the effects of the 2008 recession and going all in with $5,000 and an idea to innovate better powerlifting gear.  Listen in as we dive into how Roc managed to successfully hire 30 people over the span of two years using LinkedIn as his hiring tool and how he has approached compensation with the team members he has hired, including how he handles performance incentives. Roc also shares how to best get your team to model the core values of your business, what the downsides are to having a remote team, and how hiring an Operations Manager has been a game changer for him. You can find show notes and more information by clicking here: https://bit.ly/3LU3EY9 Interested in our Private Community for 7-Figure Store Owners?  Learn more here.   Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

Grow Your Law Firm
Being Proactive To Take Advantage of Business Incentives In The Tax Code with Boris Musheyev

Grow Your Law Firm

Play Episode Listen Later May 13, 2022 26:28


Being Proactive To Take Advantage of Business Incentives In The Tax Code Welcome to episode 125 of the Grow Your Law Firm podcast, hosted by Ken Hardison. In this episode Ken sits down with Boris Musheyev and they talk about why you should be proactive with your tax planning. Boris Musheyev, CPA is a tax and accounting firm specializing in tax planning and strategy for entrepreneurs and business owners. We use proven tax strategies to save our clients tens of thousands of dollars on taxes every year when implemented correctly. We personalize each and every strategy to ensure that our client's family and business situation is thoroughly examined to maximize tax savings. Our team is made of high-performing professionals who take diligence and care in every step of the process when handling clients taxes.   What you'll learn about in this episode: Being proactive and using tax strategies to contribute to business growth Income shifting from a higher tax bracket to a lower tax bracket The difference between C corporations and S corporations Understanding how the tax code is incentivized to help business owners save money Self-rental strategies to acrue depreciable assets Creating different business entities to shift income The changes to the tax code with the changes in political control   Resources:  Website: www.taxplanningcall.com Facebook: https://www.facebook.com/borismusheyevcpa Contact Info: Company: BORISMTAX INC Email: Boris Musheyev accounting@Borismtax.com   Additional Resources: PILMMA's Super Summit https://learn.pilmma.org/pilmma-super-summit-2021 The Mastermind Effect: https://www.pilmma.org/the-mastermind-effect/ PILMMA's Free Resources: https://www.pilmma.org/free-resources/ PILMMA Join Page: https://learn.pilmma.org/join-pilmma  

The Gee and Ursula Show
Hour 1: Working Towards Police Hiring Incentives

The Gee and Ursula Show

Play Episode Listen Later May 11, 2022 32:55


URSULA'S TOP STORIES // King County council supports abortion rights as preparation for a possible overturn of Roe v. Wade // WE NEED TO TALK about working parents getting burned out See omnystudio.com/listener for privacy information.

Democracy That Delivers
Democracy that Delivers #326: Emerging Leaders in Africa

Democracy That Delivers

Play Episode Listen Later May 11, 2022 29:47


Imaobong Akpan-Ita and Adia Armstrong from CIPE's Africa team join their Regional Director, Lars Benson, as well as co-hosts Zoe Watkins and Autumn Moore from the Communications Department. This is the latest episode of Democracy that Deliver's "Emerging Leaders" mini-series featuring up-and-coming change-makers. Imaobong and Adia talk about their role models, give advice for fellow young professionals, and discuss their projects with CIPE and more. Featured Resources: The Informal Sector: Facing Crisis on the Outside of the System Investigating Intersections: Spatial Inequality, Incentives, and Informality Steps to Help the Underground Economy Survive a Pandemic Public Perception of Economic and Social Reforms in Bolivia Corporate Governance for Emerging Markets 

The FORT with Chris Powers
RE #215: Chris Powers on Incentives in Real Estate

The FORT with Chris Powers

Play Episode Listen Later May 10, 2022 42:16


On this episode, Chris discusses incentives that drive companies and people, COR - how to incentive your people to make money and watch expenses, and why it all starts with the culture of your company.  Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Support our Sponsors: www.FortCapitalLp.com/connect www.JuniperSquare.com www.Lex-markets.com/fort www.CREmodels.com (03:22) - You Should Strive to be Profitable  (04:32)  - Culture vs. Incentives  Super Chickens w/ Margaret Heffernan (08:20) - Social Capital (09:20) - Incentivizing a Team Environment The Fort Podcast Episode #65 on COR (10:45) - Using COR as an Incentive (20:10)  - There is No Perfect Incentive The Fort Podcast episode #47 w/ Andrew Segal The Fort Podcast Episode #64 w/ Andrew Segal Twitter Questions: (27:20) -  How do you incentivize at FC based on Promote?  (30:34) - Rolling Bonuses (34:20) - How do you incentivize brokers? (35:50) - How do you incentivize the back office? (38:08) - Incentives are not only about making money The Fort is produced by Johnny Podcasts

iilluminaughtii
The Pink Cadillac Lie: How MLM Incentive Programs Deceive You | Multi Level Mondays

iilluminaughtii

Play Episode Listen Later May 9, 2022 29:10


Go to http://hellofresh.com/mlm16 to get up to 16 free meals plus 3 free gifts. Go to http://upstart.com/mlm to find out how Upstart can lower your monthly rate! Go to http://joinhoney.com/mlm to get Honey for free! Welcome to Multi Level Mondays, a weekly series all about multi level marketing, pyramid schemes, and ponzi schemes. Connect With Me: https://linktr.ee/iilluminaughtii' Sources:https://jpst.it/2Qfgs This episode was edited and mixed by: G. Thomas Craig   Album cover art created by: Betsy Primes Intro Song Credits: Last to Fall- Will Van De Crommert Outro Song Credits: Sacred and Profane- Nicholas Rowe Ad Music Credits: Tango de Manzana by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4460-tango-de-manzana License: https://filmmusic.io/standard-license Backbay Lounge by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3408-backbay-lounge License: https://filmmusic.io/standard-license

DC Incentives Podcast
DC Incentives Podcast Ep. 42 Part 1 - Chuck Finance

DC Incentives Podcast

Play Episode Listen Later May 8, 2022 91:35


Chuck Finance is a nationally certified financial literacy instructor. The following topics discussed in this episode included: - Insurance. - Stocks. - Lobbying. - Home Acquisition. - Credit Cards. - Working a 9 to 5. - Bonds. - Dividends. - FDIC. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/diamond-cash/support

The EVA podcast
EPS 299: The Aviation Weekend Show (part 92)

The EVA podcast

Play Episode Listen Later May 7, 2022 24:10


Another get together and catch up with Steven Dickson. Perfect storm - • Lack of specialist skills • Lack of employee numbers • Lack of equipment • Lack of services - China/Covid, Ukraine Impact, Inflation, drop in demand, drop in production Yet - should be the perfect time for recovery and confidence Some challenging times ahead Crisis Leadership is now a focus much in need -- how to navigate around the volume of disruptive events. • Bonuses • Compressed working weeks • Incentives to join • Retention bonus etc. Is this the way forward? Question - 'Why is all of the above not linked to service levels, added-value services, quality, satisfaction etc. Being busy is not necessarily best! How do we change and what should be changed first before the cascade effect is expected over the next 9-18 months..

Saturday Morning with Jack Tame
Jack Tame: Incentives worked for Teslas...why not e-bikes too?

Saturday Morning with Jack Tame

Play Episode Listen Later May 6, 2022 3:37


Don't you feel like you're seeing more Teslas at the moment?I do. I feel like I see them everywhere. They're ubiquitous. It's not just an Auckland thing. And even though I live right next door to the Tesla showroom on Karanagahape Road, I swear that's not it! I was in the South Island and in Wellington this week, too, and kept noticing Tesla Model 3s.I'm not crazy. I'm not seeing things. There's been a surge in electric vehicle imports. In the year to March, the number of EVs and Hybrids imported into New Zealand doubled compared to the year before. Imports made up 7% of all passenger vehicles as consumers cashed in on the Clean Car Discount and the exemption on road user charges for EVs. The Tesla Model 3 made up almost half of pure electric sales and the value of those sales was up more than 300% year-on-year.It shows the impact of incentives, but the a new Tesla will still cost you more than 60 grand. And as the government prepares to release it's Emissions Reduction Plan in the next few weeks, there's an obvious cheaper option that deserves its own incentives programme.E-Bikes are so good. If you haven't had a spin on one yet, you don't know what you're missing. Depending on your bike, you only have to pedal a wee bit (Or not at all) and in no time you're travelling at 25 or 30km an hour. I'm forever being overtaken on my normal bike by people almost twice my age, speeding uphill. They're fun! They're fast. They're efficient. And it's so much better than sitting in traffic.A new e-bike costs about $2000. The Clean Car Discount knocked thousands off the price of a new EV, but no financial incentives have been in place so far for electric bikes. For middle class people in city fringe suburbs, maybe $2000 isn't such a barrier. But not everyone has that kind of money lying around.We've seen what financial incentives did for Tesla sales. If we want to get more cars off the road and reduce both congestion and emissions, why not make it cheaper for Kiwis to switch to two wheels, as well?

Wealth Training Academy with Ed Storer
Taxes in Retirement-Secure Act 2.0

Wealth Training Academy with Ed Storer

Play Episode Listen Later May 6, 2022 53:01


Ed breaks down the cumulative impact of federal and state taxes in retirement looking at Traditional IRAs and 401(k)s, Social Security, pension, annuities, and dividends.  He also provides an update on Secure Act 2.0 and the proposed provisions as they stand now as this legislation works its way through Congress.  You can reach Ed Storer and the team by calling 800-563-7030. The Wealth Training Academy See omnystudio.com/listener for privacy information.

Real Vision Crypto
Ether-Backed DeFi Platform Offers Interesting Incentives

Real Vision Crypto

Play Episode Listen Later May 6, 2022 10:03


A reformed lawyer, Liquity founder Robert Lauko met Vitalik Buterin in 2015 in Switzerland. After that fateful encounter, Lauko decided to dedicate his professional time to developing crypto projects. His first venture is a decentralized borrowing protocol with DNA similar to MakerDAO's but with the Ethereum blockchain as its base layer. Among its intriguing set of incentives, Liquity offers borrowers the opportunity to pay an up-front fee rather than an interest rate over time. Its ability to operate with lower collateralization requirements compared to other protocols is ensured by an efficient liquidation mechanism. This mechanism is based on a stability pool underpinned by its proprietary stablecoin, LUSD. Lauko breaks down LUSD's functionality, focusing on its different incentives for borrowers and lenders, and explains why Ether backing and redeemability make it special. Recorded on April 11, 2022.

Politically Georgia
Abortion changes the campaign and the record incentives for Rivian

Politically Georgia

Play Episode Listen Later May 6, 2022 42:03


On this episode of the Politically Georgia podcast from The Atlanta Journal-Constitution, AJC political insiders Greg Bluestein and Patricia Murphy look at how the leaked Supreme Court draft opinion on abortion has changed Stacey Abrams' fundraising efforts and how David Perdue uses it as another wedge issue with Brian Kemp. Plus, our team digs deeper into Georgia's incentive packages to attract Rivian to the state, as well as the vote on a transgender bill that senators never even read. Listen and subscribe to our podcast for free at Apple Podcasts, Spotify, Google Podcasts, or Stitcher. You can also tell your smart speaker to “play Politically Georgia podcast.”

HR Party of One
What's Up with Wellness? A Guide for Employers

HR Party of One

Play Episode Listen Later May 5, 2022 10:49


With so much burnout lately—HR included—wellness has been on employers' minds. But what can they do about it? Here's what you need to know. Find us at https://www.bernieportal.com/hr-party-of-one/ (https://www.bernieportal.com/hr-party-of-one/) BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy.  http://bit.ly/2NEQ5Qb (http://bit.ly/2NEQ5Qb) What is an HRIS? https://bit.ly/what-is-an-hris (https://bit.ly/what-is-an-hris) BernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources.  Approved for SHRM & HRCI recertification credit hours. Enroll today! https://university.bernieportal.com/ (https://university.bernieportal.com/) The HR Party of One Blog https://blog.bernieportal.com/en/hr-party-of-one?hsCtaTracking=b3b92578-8739-4cfd-b1ca-97b75053c111%7Cfc88f7d2-eafe-4e2f-b269-3cd9d1d6950c (https://blog.bernieportal.com/en/hr-party-of-one?hsCtaTracking=b3b92578-8739-4cfd-b1ca-97b75053c111%7Cfc88f7d2-eafe-4e2f-b269-3cd9d1d6950c) Join the HR Party of One LinkedIn Group! https://www.linkedin.com/groups/12527070/ (https://www.linkedin.com/groups/12527070/) ▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬ What are Wellness Programs and Incentives? | HR Party of One  https://youtu.be/mAyHnZvN61A (https://youtu.be/mAyHnZvN61A) HR and the Great Resignation: Who's Leaving, Hiring Outlook, and Strategies for Retention | AllVoices https://www.allvoices.co/blog/hr-great-resignation-retention-strategies (https://www.allvoices.co/blog/hr-great-resignation-retention-strategies) What's Keeping HR Up at Night? The Great Resignation and more, our survey shows | HR Executive https://hrexecutive.com/whats-keeping-hr-up-at-night-the-great-resignation-and-much-more/ (https://hrexecutive.com/whats-keeping-hr-up-at-night-the-great-resignation-and-much-more/) Workplace Mental Health and Wellness | SHRM  https://www.workplacementalhealth.shrm.org/ (https://www.workplacementalhealth.shrm.org/) Mental Health in America: A 2022 Workplace Report | SHRM  https://www.workplacementalhealth.shrm.org/wp-content/uploads/2022/04/Mental-Health-in-America-A-2022-Workplace-Report.pdf (https://www.workplacementalhealth.shrm.org/wp-content/uploads/2022/04/Mental-Health-in-America-A-2022-Workplace-Report.pdf) Workplace wellness programs are big business. They might not work. | The Washington Post https://www.washingtonpost.com/outlook/workplace-wellness-programs-are-big-business-they-might-not-work/2021/06/16/07400886-cd56-11eb-8014-2f3926ca24d9_story.html (https://www.washingtonpost.com/outlook/workplace-wellness-programs-are-big-business-they-might-not-work/2021/06/16/07400886-cd56-11eb-8014-2f3926ca24d9_story.html) Study: Benefits of workplace wellness programs underwhelming | University of Illinois  https://news.illinois.edu/view/6367/808849 (https://news.illinois.edu/view/6367/808849) https://www.usnews.com/news/health-news/articles/2021-07-20/social-media-is-a-public-health-crisis (Social Media Is a Public Health Crisis | Healthiest Communities Health News | US News) https://www.usnews.com/news/health-news/articles/2021-07-20/social-media-is-a-public-health-crisis (https://www.usnews.com/news/health-news/articles/2021-07-20/social-media-is-a-public-health-crisis) ▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬ ► LinkedIn: https://www.linkedin.com/company/bernieportal (https://www.linkedin.com/company/bernieportal) ► Twitter: https://twitter.com/HRPartyofOne (https://twitter.com/HRPartyofOne) ► Facebook: https://www.facebook.com/BerniePortal (https://www.facebook.com/BerniePortal) ► Instagram: https://www.instagram.com/bernieportal/ (https://www.instagram.com/bernieportal/) ▬ Podcast▬▬▬▬▬▬▬▬▬▬▬▬ ► Apple Podcasts: https://podcasts.apple.com/us/podcast/hr-party-of-one/id1495233115...

Vermont Edition
Will more EV charging stations and incentives lead Vermonters to buy more electric vehicles?

Vermont Edition

Play Episode Listen Later May 4, 2022 46:23


Vermont is gearing up to spend millions in federal and state dollars to improve the electric vehicle charging infrastructure. More financial incentives for EV purchases are also in the works.

Snippets of Leadership
To make incentives work, do this

Snippets of Leadership

Play Episode Listen Later May 4, 2022 4:25


There is only one way to use rewards.To use them to train your team and help them develop that is.You need to separate them from the results, and give them as a gesture of appreciation.Here is what I mean, and that's the only way they will work in the long run.Thoughts?Links and resourcesFollow me on LinkedInOn FacebookOn YoutubeOn MediumOn Eventbrite___Music credits: https://bit.ly/2UhlonV 

The Charles Mizrahi Show
Revolutionary Technology of the Future — Mark Mills

The Charles Mizrahi Show

Play Episode Listen Later May 3, 2022 64:26


A better tomorrow relies on the technology we create today … And physicist Mark P. Mills believes innovations like the cloud will lead us into an economic boom. In this episode, he sits down with host Charles Mizrahi to discuss what conventional wisdom gets wrong about technology, where the semiconductor industry is headed, and how electric vehicles aren't as clean as we think. Topics Discussed: An Introduction to Mark P. Mills (00:00:00) What Conventional Wisdom Gets Wrong (00:01:29) Revolutionary Technology (00:4:01) The Semiconductor Industry (00:10:19) Electric Vehicles (00:13:04) Clean Energy Isn't Clean (00:20:08) The Future of Electric Vehicles (00:28:54) Incentives and Inflation (00:36:12) The 20-20-20 Rule of New Technology (00:43:16) The Manufacturing Sector (00:50:12) Innovation in America (00:56:52) Guest Bio: Mark P. Mills is a physicist, a senior fellow at the Manhattan Institute, and a partner in energy tech venture fund Montrose Lane. He has written several award-winning books, including his latest (below) on new technologies. Mills' writing has been featured in The Wall Street Journal, Forbes, and USA Today. In 2016, he was named “Energy Writer of the Year” by the American Energy Society. He also served in the White House Science Office under President Reagan, co-founded Digital Power Capital, and was chairman and CTO of ICx Technologies. Resources Mentioned: · https://www.amazon.com/Cloud-Revolution-Convergence-Technologies-Economic/dp/1641772301/ref=sr_1_1?crid=1PCI2KA2E2PE0%26keywords=mark%2Bp%2Bmills%26qid=1645067479%26s=books%26sprefix=mark%2Bp%2Bmills%252Cstripbooks%252C146%26sr=1-1 (The Cloud Revolution: How the Convergence of New Technologies Will Unleash the Next Economic Boom and A Roaring 2020s) Transcript: https://charlesmizrahi.com/podcast/podcast-season-7/2022/05/03/revolutionary-technology-future-mark-mills/ (https://charlesmizrahi.com/podcast/)  Don't Forget To... • Subscribe to my podcast! • Download this episode to save for later • Liked this episode? Leave a kind review! Subscribe to Charles' Alpha Investor newsletter today: https://pro.banyanhill.com/m/1962483 (https://pro.banyanhill.com/m/1962483)

EV News Daily - Electric Car Podcast
1454: 03 May 2022 | Rivian Wins $1.5 Billion Incentives for New Mega Plant

EV News Daily - Electric Car Podcast

Play Episode Listen Later May 3, 2022 22:30


Show #1454 Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of EV information. It's Tuesday 3rd May, it's Martyn Lee here and I go through every EV story so you don't have to. RIVIAN WINS $1.5 BILLION IN STATE INCENTIVES FOR GEORGIA PLANT - $1.5 billion in state and local incentives to build a massive plant near Atlanta, bolstering the company's production efforts despite local resistance to the project. - the biggest in Georgia history, consists of tax credits, abatements and subsidies like site preparation and job training support from the state, according to a statement by the Georgia Department of Economic Development on Monday. - Rivian will get $476 million in statutory tax credits if it fulfills its promise to create a total of 7,500 jobs by the end of 2028. If it doesn't, there are clawbacks to protect the taxpayer, said Pat Wilson, Georgia's commissioner of economic development. Georgia is putting in another $288 million in discretionary spending in the form of site preparation and job training programs. Tax abatements from the four counties hosting the plant make up the rest of the package -- about $700 million over 25 years. - Rivian's investment would be the biggest economic development project in Georgia since at least World War II. - Rivian has pledged to create more than 7,500 jobs, with the eventual goal of producing 450,000 vehicles annually at the site. Rivian will pay workers an average annual wage of $56,000, and the project will create nearly 8,000 indirect jobs, according to the state. Original Source : https://www.bloomberg.com/news/articles/2022-05-02/rivian-wins-1-5-billion-in-state-incentives-for-georgia-plant RIVIAN'S RIPENING: EV AUTOMAKER BEGINS BUILDING CANADIAN SERVICE NETWORK - Rivian has started building its service network in Canada as the electric vehicle maker prepares to deliver its first vehicles in the Canadian market this summer. - Automotive News Canada reported Friday that Rivian has begun recruiting staff for its Vancouver service centre, though it would not elaborate on how many services centres it planned for Canada. - Rivian touts a network of Rivian-owned and Rivian-certified independent collision centres that handle bodywork and exterior damage. - R1T and R1S vehicles are scheduled to be delivered to Canadian customers this July. Original Source : https://www.collisionrepairmag.com/rivians-ripening-ev-automaker-begins-building-canadian-service-network/ EUROPE CAN SECURE ENOUGH BATTERY METALS FOR AN EV-DRIVEN FUTURE | AUTOMOTIVE NEWS EUROPE - Europe's dependence on Russian oil puts $285 million a day in Putin's pocket. If not Russia, we will be reliant on autocratic regimes such as Saudi Arabia or Iran unless we drastically cut our oil consumption. - Julia Poliscanova is senior director for vehicles and e-mobility at Transport & Environment. - Some claim that ramping up electrification in the 2020s is not possible because there are not enough metals such as lithium available to build the lithium-ion batteries that propel them. A new T&E report, out today, shows that wrong political priorities, not raw material shortages, are the problem. - The maximum volumes of battery quality nickel (nickel sulfate) and lithium (both hydroxide and carbonate) expected to be mined and refined globally until 2025 are enough to produce 14 million electric cars already next year. - This is 55 percent more than the amount of EVs forecast by LMC Automotive to be sold globally in 2023. - Even if the raw materials market becomes tighter by 2025, 21 million battery electric cars can be produced in that year, still almost 50 percent more than market forecasts. - This shows that the electric car market is not constrained by the supply of raw materials - Rather, it is the European car CO2 regulation that dictates how many EVs automakers make. - China and its companies are in a race to secure global lithium assets and expand battery production at home and abroad. Meanwhile the U.S. has invoked the Defense Production Act to boost the supply of critical raw materials. - Instead, Europe is flying to Qatar and Iran and is using its diplomatic muscle to secure oil and gas. Original Source : https://europe.autonews.com/guest-columnist/europe-can-secure-enough-battery-metals-ev-driven-future ENOUGH NICKEL, LITHIUM FOR 14 MLN EVS IN 2023 - EUROPEAN CLIMATE GROUP - Prices of EV battery materials have soared over the last year, with battery-grade nickel breaking fresh records after the invasion of Ukraine as Russia is a major nickel producer. - Some analysts have warned of short-term battery-supply bottlenecks as the auto industry rapidly accelerates production of zero-emission cars, which could then be followed by a glut as a plethora of mining and battery plant projects come online. Original Source : https://www.reuters.com/business/autos-transportation/enough-nickel-lithium-14-mln-evs-2023-european-climate-group-2022-05-02/?taid=627076655d112f00014819b2 Tesla's second assembly line near Shanghai Gigafactory to add 450,000 units of annual capacity Original Source : https://www.scmp.com/business/china-business/article/3176473/teslas-second-assembly-line-near-shanghai-gigafactory-add TESLA SAYS IT WILL TURN SHANGHAI INTO 'THE WORLD'S LARGEST VEHICLE EXPORT HUB' WITH NEW FACTORY Original Source : https://electrek.co/2022/05/03/tesla-turn-shanghai-into-worlds-largest-vehicle-export-hub-factory/ ELON MUSK SAYS WORLD WILL CHOOSE BATTERIES OVER HYDROGEN Original Source : https://twitter.com/elonmusk/status/1520962641308823552 VOLVO HEAVY DUTY ELECTRIC TRUCK LINEUP NOW OFFICIALLY ON SALE Original Source : https://insideevs.com/news/583557/volvo-fh-fm-fmx-electric-sales-start/ GM'S BARRA: "WE CAN REENTER EUROPE AS AN ALL-EV PLAYER." Original Source : https://eu.freep.com/story/money/cars/general-motors/2022/05/03/gms-barra-we-can-reenter-europe-all-ev-player/9620090002/ CHINA EV GIANT BYD SALES HIT RECORD HIGH, DEFYING COVID LOCKDOWNS Original Source : https://www.investors.com/news/nio-stock-li-auto-xpeng-byd-china-ev-sales-april-covid-lockdowns/ VOLKSWAGEN SUBSIDIARY SKODA'S ELECTRIC ENYAQ MIGHT BE TOO SUCCESSFUL Original Source : https://www.forbes.com/sites/neilwinton/2022/05/03/volkswagen-subsidiary-skodas-electric-enyaq-might-be-too-successful/?sh=8be709648599 QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM Returns on Monday 9th May! If you have a suggestions, let me know. Email me any feedback to: hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/ OCTOPUS ELECTRIC JUICE - MAKING PUBLIC CHARGING SIMPLE WITH ONE CARD, ONE MAP AND ONE APP MILLBROOKCOTTAGES.CO.UK – 5* LUXURY COTTAGES IN DEVON, JUMP IN THE HOT TUB WHILST YOUR EV CHARGES

Management Muse
Incentives: Dodging Carrots

Management Muse

Play Episode Listen Later May 3, 2022 53:46


Organizational incentives are tricky, in at least eight counterproductive ways. This episode of Management Muse is inspired by "On the Folly of Rewarding A, While Hoping for B," a timeless article written by Steven Kerr in the 1970s, this episode provides eight classic examples of incentives that frequently are either misplaced, distorted or internally inconsistent: 1. Demanding teamwork but rewarding individual achievement. 2. Valuing diversity but continuing to hire the same types of people. 3. Encouraging merit and excellence, but doling out paltry, across-the-board increases that reward no one. 4. Rallying employees to show customer love, but internally communicating dismissiveness or disrespect towards those very same customers. 5. Asking for innovation and experimentation but executing on trusted old ideas. 6. Claiming to value women in the workplace, but perpetuating schedules and policies that disadvantage them. 7. Asking for loyalty to the organization, but rewarding free agency. 8. Asking for candid feedback but responding much more positively to butt-kissing. In this episode, Cindi and Geoff offer thoughts for anyone who has ever been confused by mixed organizational messages. Episode Highlights: · Organizations don't mean to be contradictory, but incentives are so tricky they often tie well-meaning managers in knots. · Managerial goals don't always correlate with desired outcomes. · Data analytics can be a double-edged sword, as goals and measures may alienate the very employees they're designed to help. · Employee evaluations are often skewed by co-mingled rewards and flawed productivity measures. · Feedback and introspection can often illuminate inconsistent corporate incentives. Timestamps: [03:15] Measuring outcomes is often hard because managers want teamwork, but reward individual achievement. [06:45] Managers often wrestle with: how to encourage better teamwork, elicit more creativity, enhance productivity, compensate people, and when and how to administer discipline. [11:48] Cindi and Geoff discuss safe hires vs. hard hires, and why the distinction matters. [24:10] Employee evaluations are often based on flawed formulas. [38:02] How to unwind workplace incentives that unintentionally penalize women. [42:59] Corporate leadership praises the idea of candor and people speaking up, until they say something unfavorable. [49:28] Historical examples emphasize how incentives often go wrong, and how to get them right. Episode Quotes: "Organizations commonly say they want teamwork, but all of their reward systems and how they pay out and how they give praise are built on individual achievement.” – Geoffrey Tumlin “Incentives are tricky. We have to get out of the mindset that we're going to set up incentives and then just let it go because you have to swing back around (to look at) all the unintended consequences.” – Cindi Baldi Episode Resources: · https://www.ou.edu/russell/UGcomp/Kerr.pdf · Ryan, Richard M., and Edward L. Deci. "When paradigms clash: Comments on Cameron and Pierce's claim that rewards do not undermine intrinsic motivation." Review of educational research 66.1 (1996): 33-38. · Cameron, Judy. "Negative effects of reward on intrinsic motivation—A limited phenomenon: Comment on Deci, Koestner, and Ryan (2001)." Review of educational research 71.1 (2001): 29-42. · https://www.gallup.com/workplace/249332/harm-good-truth-performance-reviews.aspx

RealAgriculture's Podcasts
Federal agriculture minister pushing for climate incentives in business risk management programs

RealAgriculture's Podcasts

Play Episode Listen Later May 2, 2022 13:18


Federal, provincial, and territorial (FPT) ministers of agriculture from across Canada met in Ottawa on Monday to discuss the next agricultural policy framework ahead of their annual meeting in Saskatoon in July, where they hope to sign a new five-year agreement. The ministers, nine of whom attended in-person, spent their morning session discussing want they... Read More

Simply Bitcoin
Wallstreet Can't Resist Bitcoin's Incentives | EP 478

Simply Bitcoin

Play Episode Listen Later May 2, 2022 55:12


► Wallstreet Can't Resist Bitcoin's Incentives. It seems the dam is breaking we are seeing more news coming out of wallstreet beginning to offer bitcoin related products and services, did we just win.. again ? ► Fail: Cardano pretends it's not a centralized shitcoin. Apparently minting 3d donuts on the blockchain is something to cheer for… we just don't see why. ✔ Special Guest: @My_Livin_Truth ✔ Plebsite: https://bitcoinforgirls.com/ ✔ Check out our Sponsors, support Bitcoin ONLY Businesses: ✔ Crypto Cloaks: ► http://www.cryptocloaks.com?afmc=2h&utm_campaign=2h&utm_source=leaddyno&utm_medium=affiliate ► USE PROMO CODE 'SIMPLYBITCOIN' FOR 5% OFF THE CRYPTOCLOAKS.COM STORE! ✔ Citadel21: ► https://www.citadel21.com ✔ Swan: ► https://www.swanbitcoin.com/ ✔ CypherSafe: ► https://cyphersafe.io ✔ Represent Clothing: ► https://www.representltd.com/ ► USE PROMO CODE SIMPLY-BITCOIN FOR 10% OFF ANYTHING IN THE REPRESENT CLOTHING STORE! ✔ NODL : ► https://www.nodl.eu/ ✔ Join our Telegram, Give us Memes to Review! ► https://t.me/TheSimplyBitcoinChannel ✔ Follow Us! ► https://twitter.com/SimplyBitcoinTV ► https://twitter.com/BITVOLT7 ► https://twitter.com/Coinicarus ✔ Special Thanks to these Awesome Bitcoiners: ► https://bitcoin.clarkmoody.com/dashboard/ ► https://t.me/nobullshitbitcoin ► https://twitter.com/DocumentingBTC ✔ Descriptions & Thumbnails by, Meg: ► https://twitter.com/btcmeg ► We are a proud supporter of Bitcoin only businesses. ⚡️ simplybitcoin@getalby.com DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors. Timecodes: 0:00 - Intro 1:05 - BTC Stats 9:49 - Daily Fail 23:03 - Meme Review 27:57 - BTC News 52:33 - Plebsite #Bitcoin #BitcoinDailyNews #BitcoinDailyRecap

The Paper Trail Podcast
PT 423: “There’s no incentive to learn in education”… “What did you say?”

The Paper Trail Podcast

Play Episode Listen Later May 2, 2022 37:28


Paul and Tootle talk about an AP report that shows Americans are deeply divided over how much children in K-12…

DC Signal to Noise with Jim Wiesemeyer
$500 Million Planting Incentives

DC Signal to Noise with Jim Wiesemeyer

Play Episode Listen Later May 2, 2022 32:50


Chip Flory and Jim Wiesemeyer discuss the issues and policy initiatives affecting U.S. agriculture, including the Biden administration's request for $500 million for farmers to help fight impending world food shortages, Speaker Pelosi goes to Ukraine, and more. See omnystudio.com/listener for privacy information.

My Ag Life Daily News Report
Episode 324 | May 2, 2022 | Local Almond Incentive Programs, Heat Illness Prevention

My Ag Life Daily News Report

Play Episode Listen Later May 2, 2022 29:58


On this week's MyAgLife in Almonds episode, we hear about incentives for conservation practices in the San Joaquin Valley. Additionally, Patrick Cotter reports on heat illness prevention standards to keep in mind going into summer.   Supporting the People who Support Agriculture Thank you to our sponsors who make it possible to get you your daily news. Please feel free to visit their websites. The California Walnut Board – https://walnuts.org/ Phycoterra –https://phycoterra.com/ Verdesian - https://vlsci.com/ Rango - http://www.rangonow.com/

Love Selling Hate Sales Podcast
Why High Incentives May Be Doing More Harm Than Good with Jonathan Mahan

Love Selling Hate Sales Podcast

Play Episode Listen Later May 1, 2022 49:52


In this episode of the Love Selling Hate Sales podcast, Joshua talks to The Practice Lab Co-founder Jonathan Mahan. Jonathan talks about the difference between external and internal motivation, and why the former may be doing more harm than good. Modern day selling and its heavy emphasis on commission tends to lean heavy on external motivation, which Jonathan argues is what gives the sales profession a bad name.Instead of being thoughtful problem solvers that genuinely want to help their clients, sellers have to chase higher commissions at the cost of ethical practices and sometimes their own mental health. Instead, Joshua talks about the need to shift the focus to internal motivation and doing away with short-term thinking to the benefit not only of the salespeople, but of the whole company as well. HIGHLIGHTSYou can love the act of selling but hate the professionExternal motivators are not always the answerInternal motivation is largely untapped in sales The pitfalls of short-term thinking Do you have the right seller-market fit? Business-level conversations need industry expertise External motivation might be doing more harm than good Building a pipeline for life A brain in the presence of fear is a poor performer QUOTESJonathan: "The actual art of building relationships, and managing your emotions, and reading other people's emotions, controlling your communications both your nonverbal and your verbal communication, having tough conversations. All of this stuff is very difficult stuff to do, and these skills that make you so good at selling are the exact skills that you need to excel in all relationships in your life." Jonathan: "For a hundred years, our whole economy and our ideas around business were based on this idea that external motivators are how you get the best work out of people. But for the last 50 years, the research has been showing that tasks that do involve a lot of creativity, tasks that are complex, that involve intuition, that involve authenticity, that involve advanced brain functioning, external incentives actually do worse than internal, but they also do worse than no incentives at all." Jonathan: "Onboarding reps are not given a ton of time to onboard. Additionally, they also aren't paid commissions until they start selling things. Which means even if the company says, 'take your time with onboarding this is important stuff to know,' if you're not getting paid half of your income until you start selling, you're not gonna eff around listening to podcasts, and reading articles and becoming an expert. You're just gonna be like, 'give me the phone I gotta call somebody.'"Joshua: "We keep telling people to go have business-level conversations with executives. That's how you sell. Well, you can't do that with a script and a list of names. You need to know, one, to have a business conversation, you need to know the ins-and-outs of a business. And then, in your example, cybersecurity, you better know how cybersecurity companies make money, you better know what levers they pull." Learn more about Jonathan in the links below:LinkedIn: https://www.linkedin.com/in/jtmahan/Website: https://www.thepracticelab.co/About Josh Wagner: Josh is a growth advisor and the host of the Love Selling Hate Sales podcast. He specializes in helping executives understand modern marketing and sales to drive growth in a scalable way. To learn more about Josh and his work, follow the links below:LinkedIn: linkedin.com/in/joshwagnerazCompany website: https://www.leadmd.com Personal Website: https:///www.joshuadwagner.comPodcast: https://www.lovesellinghatesales.com

KUOW Newsroom
SPD renews call for hiring incentives, as neighboring cities snap up recruits

KUOW Newsroom

Play Episode Listen Later Apr 30, 2022 4:35


Seattle's police chief says the city is critically short on officers, and he thinks offering hiring incentives would help. Critics say that money can do more good by going directly to people in need. Meanwhile, recruits in nearby cities say they're benefiting from more targeted incentives, that reward them for specific skills.

The Niall Boylan Show
Do you think that there should be an incentive for elderly people to downsize, in order to combat the housing crisis?

The Niall Boylan Show

Play Episode Listen Later Apr 29, 2022 36:38


Do you think that there should be an incentive for elderly people to downsize, in order to combat the housing crisis? See omnystudio.com/listener for privacy information.

Gwinnett Daily Post Podcast
News Minute: $6000 Incentives for New Teachers

Gwinnett Daily Post Podcast

Play Episode Listen Later Apr 28, 2022 1:08


Gwinnett County Public Schools is offering financial incentives to attract new teachers #GwinnettDailyPost #Georgia #LocalNews        - -           -          -          The Gwinnett Daily Post Podcast is local news for Lawrenceville, Norcross, Duluth, and all of Gwinnett County. Register Here for your essential digital news.              This podcast was produced and published for the Gwinnett Daily Post and GwinnettDailyPost.com by BG Ad Group    For advertising inquiries, please email j.southerland@bgadgroup.com For more information be sure to visit www.bgpodcastnetwork.com See omnystudio.com/listener for privacy information.

A New Angle
I&I - Cryptocurrency with Gian Volpicelli

A New Angle

Play Episode Listen Later Apr 28, 2022 28:39


This week is our April edition of Incentives and Instincts, a monthly series in which I speak with economist and friend, Bryce Ward, about some of the broader issues facing our society. In this conversation we cover cryptocurrency: what is it and what do you need to know about it? To help answer these questions, we are joined by Gian Volpicelli, senior writer at WIRED and author of Cryptocurrency: How Digital Money Could Transform Finance. Transcript here: https://docs.google.com/document/d/1ASHyxspY4S5A4peW_9QPsx-2mWJdPh7x_-ZmjLjApE8/edit?usp=sharing

RealAgriculture's Podcasts
SaskSoil offers incentive for seeding perennial forage on select acres

RealAgriculture's Podcasts

Play Episode Listen Later Apr 27, 2022 7:36


Saskatchewan farmers who convert at least 40 acres to perennial forage could qualify for a cash payout through the Marginal Areas Rehabilitation in Saskatchewan (MARS) program. Administered by Saskatchewan Soil Conservation Association (SaskSoil), with some support by Ducks Unlimited Canada (DUC), the MARS program will connect producers with an agrologist to help identify problem areas of... Read More

Gym Secrets Podcast
Ep 388 Why Incentives Can Get People to Do What You Want

Gym Secrets Podcast

Play Episode Listen Later Apr 27, 2022 9:32


In today's episode, Alex (@AlexHormozi) talks about how you can get people to do what you want them to do through incentives. Learn how to properly decide on what incentives and punishments you can implement to gain success. Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll up your sleeves kind of hustle with a little bit of cleverness and a lot of heart. Timestamps: 0:20 - How you can get people to do things you want them to do through incentives. 1:56 - The plus and minus on how to properly give incentives. 4:04 - Incentives drive behavior! However, punishment makes them avoid doing what you want them to do. 5:54 - Positive feedback makes performance improve. Follow Alex Hormozi's Socials: LinkedIn Instagram Facebook YouTube Twitter Acquisition

Gym Secrets Podcast
Ep 388 Why Incentives Can Get People to Do What You Want

Gym Secrets Podcast

Play Episode Listen Later Apr 27, 2022 9:31


In today's episode, Alex (@AlexHormozi) talks about how you can get people to do what you want them to do through incentives. Learn how to properly decide on what incentives and punishments you can implement to gain success. Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll up your sleeves kind of hustle with a little bit of cleverness and a lot of heart. Timestamps: 0:20 - How you can get people to do things you want them to do through incentives. 1:56 - The plus and minus on how to properly give incentives. 4:04 - Incentives drive behavior! However, punishment makes them avoid doing what you want them to do. 5:54 - Positive feedback makes performance improve. Follow Alex Hormozi's Socials: https://www.linkedin.com/in/alexanderhormozi (LinkedIn ) https://www.instagram.com/hormozi/?hl=en (Instagram) https://www.facebook.com/alex.hormozi (Facebook) https://www.youtube.com/c/AlexHormozi (YouTube ) https://twitter.com/AlexHormozi?s=20&t=J9vPh75tO3ow9xExYLsBDQ (Twitter) https://www.acquisition.com/ (Acquisition )

Becker’s Healthcare -- Ambulatory Surgery Centers Podcast
Can bonuses and incentives save ASCS

Becker’s Healthcare -- Ambulatory Surgery Centers Podcast

Play Episode Listen Later Apr 27, 2022 1:28


Patsy Newitt shares the latest news on the ASC industry.

My Biz Bestie
127. Hiring for Small Business with Realistic Expectations with Jamie Van Cuyk

My Biz Bestie

Play Episode Listen Later Apr 27, 2022 47:22


You're feeling strapped for time and need to hire some support for your business. This probably means your business is growing. Congratulations! Before you hire your BFF or post inside a Facebook group that you're looking for someone to fill a role, you have some work to do.   Hiring isn't something that anyone should take lightly, and it's likely that it's a much slower process than you expect. If you've hired before, you know there are a lot of moving parts and mistakes to be had.   This week on the podcast, Jamie Van Cuyk of Growing Your Team is sharing some insight into how to hire right the first time. She and I both share mistakes we've made along the way, and Jamie shares tips that are sure to help you bring on the right candidate the first time. Be sure to download her hiring checklist, which will serve as a great tool throughout this episode and your next hiring cycle. About Jamie Van Cuyk: Jamie Van Cuyk, the owner and lead strategist of Growing Your Team, is an expert in hiring and onboarding teams within small businesses.   Drawing from over 15 years of leadership experience, Jamie teaches her clients how to hire their early team members, including employees and long-term contractors. By learning the dynamics of each company and their specific needs, she helps them find their perfect, long-lasting team members and avoid the hiring and ring cycle.   On a personal side, Jamie lives in St Petersburg, FL, with her husband and two daughters, is a hobby winemaker, loves to travel, and enjoys exercise that takes her feet off the ground, including rock climbing and aerial dance. Links and Resources: Growing Your Team Hiring Checklist: How to Find the Right Team for Your Growing Business Time Stamps: [1:55] - It's still challenging to hire, even as you're more established [3:22] - So many layers to a good team member [4:15] - There's too much holding onto people who aren't a good fit, just so they don't have to go back into the hiring pool [5:26] - When you need someone for more time than what they're giving you [7:45] - You have to be able to make the hard decisions [12:20] - It's going to take more time to hire than it may have before [13:10] - Job posting needs to reflect what it's like to work with you vs. focusing on tasks Incentive people to work with you [14:28] - You want to repel the wrong fit applicants [15:44] - Different personalities will be attracted to different roles and employers [17:58] - Aligning values and mission with hiring [19:36] - Make sure you're communicating what matters to you in hiring process [21:08] - Hiring is a lot like dating [23:38] - So much value in weeding out all those people [24:07] - “Someone is qualified because they're qualified, they're not qualified because you're comparing them to someone else” [25:40] - if you go through the hiring process first, you should be confident and not trying out other people [27:57] - We need to spend time asking the right questions for interviews [34:22] - Interviewing for personality vs. skillset - which is more important [36:12] - The biggest mistake small business owners are making with hiring [42:49] - Every position is essential in your business because if it wasn't you wouldn't have it

Secrets To Scale
080 - Why Value-Add Incentives Beat Discounting Prices With Marco Torres

Secrets To Scale

Play Episode Listen Later Apr 26, 2022 22:54


This week on the show, Marco Torres founder of Marketing Boost joins me to talk about why value-add incentives are better than discounting your prices. If you've ever cut your prices to increase sales, you may want to pay special attention to what other options you may have.

Ventures
Evaluating NFT clubs: Incentives, promises, and roadmaps :: with Jesse Bryan (BAYC #1361)

Ventures

Play Episode Listen Later Apr 26, 2022 45:00


In this episode of Ventures, my guest Jesse Bryan (https://twitter.com/JesseBryan) and I continue our conversation from episode 89 to discuss multiple aspects of NFTs and NFT clubs. We talk about the history of NFTs, the differences between Moonbirds, Crypto Punks and Bored Ape Yacht Club, the important nuances of intellectual property ownership and licensing, airdrops, community, “staking” of NFTs, cybersecurity, and thoroughly evaluating a team and their roadmap before deciding where to spend your time and money. Visit https://satchel.works/@wclittle/ventures-episode-94 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   1:54 - Tee up for the episode, recap of Part 1 (Ep 89), storytelling in organizations, introduction to the world of NFTs.2:40 - Quick background on Jesse and his introduction take on NFTs // He believes the next billion dollar brands are going to come out of the NFT space.3:45 - Background on Ethereum, ICOs originally, but NFTs started in 2017…Punks, Kitties, and then Apes didn't launch until April 2021. 5:19 - History of NFTs from Jesse's brand-building perspective9:53 - What the Bored Apes did that the Crypto Punks didn't (e.g. IP ownership)12:00 - Tweet, minting a bored ape 1 year ago turned into the best investment of all time. https://twitter.com/JulianKlymochko/status/1516920342400450562 13:56 - NFTs are investing in a brand. You can essentially buy a brand name, like buying Radio Shack. “The most valuable real estate is the corner of someone's mind” (John Hegarty quote)16:30 - Status games / signaling w/ NFTs18:22 - Summarizing the facets and layers of NFTs for entrepreneurs to be aware of. Networking benefits, status benefits, financial benefits, claims to airdrops, IP ownership, cooperation with other brands, and deal flow. None of this is new.20:45 - Moonbirds. What are they? What just happened?23:49 - NFT mint analogy to kickstarter; better when you already have an audience.25:14 - Subgroups within NFT clubs, and subgroups of subgroups25:35 - Jesse believes Quirkies is the strongest community in the NFT space. Examples of people helping each other out.27:00 - Importance of understanding basic cybersecurity when diving into the NFT space.27:10 - Recap of Moonbirds, why it seemed like a good investment (analysis from a VC perspective). Nesting. Problem of diluting the term “staking” https://cobie.substack.com/p/apecoin-and-the-death-of-staking 29:20 - How to teach entrepreneurs to use NFT clubs to help humans flourish32:53 - Two pieces of advice that Will got early in his startup investing career: 36:20 - Typical investment model, comparing NFTs to traditional investments…e.g. is the team “known”?  Is there real traction or just “fake” traction? What's the roadmap?39:20 - 5 Part Matrix when evaluating an investment. Team, Product, Market, Traction, Financial Model, https://satchel.works/@wclittle/ventures-episode-62 40:10 - Don't silo your understanding in Web3. The multidisciplinary nature of DAOs, DeFi, Metaverses, NFTs, etc… 41:35 - APE Coin43:14 - Where can people get a hold of Jesse to continue the conversation? https://twitter.com/JesseBryan 

Mindful Businesses
Dr. Raghuram Rajan, The 23rd Governor of Reserve Bank Of India - Global Climate Credit Incentives

Mindful Businesses

Play Episode Listen Later Apr 26, 2022 36:34


The Nobel prize winning economist Dr. Milton Friedman, said the business of a business  is making money - but within the acceptable social norms. Dr. Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth School and he was the 23rd Governor of the Reserve Bank of India, looks into how “social norms” have changed and how the businesses need to adapt to adopt sustainable practices. May it be their impact on the planet, how they treat their employees and or make their products. He talks about how there needs to be regulations to guide and help the corporations to achieve these goals.Further, with countries setting goals for netzero, how can we actually have a plan that is accountable and works. Dr. Rajan proposes a global incentive scheme to reduce carbon emissions. On April 19th, 2022 he presented this solution to The Coalition of Finance Ministers for Climate Action that required countries who exceed the per capita global country average for carbon emissions, estimated at 5 tons, will pay to a global carbon incentive fund. He calls this payment Global Carbon Incentives (GCI). He further explains - “this annual payment would be calculated by multiplying the excess emissions per capita by the country's population and a dollar amount called the Global Carbon Incentive. So if the country's population is 30 million, its per capita emission in 17 tons, and the GCI is set at $10, it would pay $30 million*(17-5)*10= $3.6 billion. Countries below the global per capita average would receive a payout commensurate with their “under-emission”.This fund could be managed by a quasi government agency like the World Bank. Mindful Businesses is one of the first media outlets to share Dr. Rajan's solution. Listen to it in our latest episode.https://en.wikipedia.org/wiki/Raghuram_Rajanhttps://mindfulbusinessespodcast.com/Mentions:Coalition of Finance Ministers for Climate Action.Angad Daryani - Founder - PraanRam Palaniappan - Founder of Earnin#raghuramrajan, #globalcarbonincentive, #carbonemmissions, #greenhousegases, #SDGs

Purpose Driven Mom Show
Using Incentives for Your Goals {Chapter 11 of the 15 Minute Formula}

Purpose Driven Mom Show

Play Episode Listen Later Apr 25, 2022 15:19


Using Incentives for Your Goals Now that we've talked about your vision and how to create a breakdown for your goals, let's chat about some of the fun things to add to your goal action plan to help make them stick. I used to think that if I struggled with a goal, it just wasn't meant to be and I was unmotivated. But what I realized was that my way of looking at tools was missing a few steps and components to help me complete it. Pre-identify your obstacles Use incentives to keep going Listen in for more ... The 15 Minute Formula Book by: Cara Harvey https://apurposedrivenmom.com/book FREE GOAL SETTING SERIES: https://apurposedrivenmom.com/goals A PURPOSE-DRIVEN MOM SHOW NOTES: apurposedrivenmom.com/podcast221/

Congressional Dish
CD250: Congress Saves the Postal Service

Congressional Dish

Play Episode Listen Later Apr 24, 2022 89:36


Congress did a good thing! In this encouraging episode, learn about a new law that saved the Postal Service from financial doom without spending one extra penny in taxpayer money. Then, listen to the highlights from a recent hearing about the electrification of the Postal Service's vehicle fleet. Louis DeJoy may not have sabotaged the 2020 election, but is he sabotaging the effort to transition the Postal Service away from fossil fuels? Executive Producer: Stephen McMahan Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPal Support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Background Sources Recommended Congressional Dish Episodes CD220: Postal Service Sabotage Lobbying Open Secrets. Bill Profile: H.R. 3076. “Specific Issues Reports for H.R.3076 by: Blue Cross/Blue Shield, 117th Congress.” Open Secrets. Bill Profile: H.R. 3076. “Clients Lobbying on H.R.3076: Postal Service Reform Act of 2021.” Open Secrets. Darrell Issa: Federal Congressional Candidacy Data “Contributors 1997 - 2022.” Jon Stewart Podcast “Jon Talks about the Media -- and It Talks Back.” March 24, 2022. The Problem with Jon Stewart. The Law H.R. 3076: Postal Service Reform Act of 2022 Full Text Summary Cost Estimate House Vote Breakdown: 342-92 (All no votes GOP) Senate Vote Breakdown: 79-19 (All no votes GOP) H.R.6407 - Postal Accountability and Enhancement Act Became law on December 20, 2006 Vote Breakdown Audio Sources It's Electric! Developing the Postal Service Fleet of the Future House Committee on Oversight and Reform April 5, 2022 The Committee on Oversight and Reform held a hearing to examine the benefits, opportunities, and challenges of electrifying the Postal Service fleet through the acquisition of the Next Generation Delivery Vehicle (NGDV). Witnesses: Tammy L. Whitcomb, Inspector General, U.S. Postal Service Office of Inspector General Victoria K. Stephen, Executive Director, Next Generation Delivery Vehicle, USPS Kenny Stein, Director, Policy, Institute for Energy Research Jill Naamane, Acting Director, Physical Infrastructure Team, General Services Administration Joe Britton, Executive Director, Zero Emission Transportation Association Clips 10:00 Rep. James Comer (R-KY): While Republicans are not against the Postal Service acquiring electric vehicles, we're against mandates that ignore the business needs and the financial situation of the Postal Service. Republicans believe the postal service must be self funded. This means the Postal Service should pay for its own capital needs, like purchasing new vehicles. Meanwhile, Americans can't afford to fill up their gas tanks, let alone buy an electric vehicle. But that isn't stopping Democrats from demanding your mailman has one. 26:30 Tammy L. Whitcomb: Last February, the Postal Service awarded a contract to produce and deploy up to 165,000 new delivery vehicles over the next 10 years. While the contract allows for both electric and gasoline powered vehicles, the Postal Service's current plan is for most of the new vehicles to be gasoline powered. We have two recent reports related to this purchasing decision. One of our reports was a research paper that identified the opportunities and challenges for the Postal Service in adopting these electric vehicles. We found electric vehicles are well suited for most postal routes, and there are clear benefits to their adoption. For example, a large fleet of electric vehicles would help the Postal Service decrease its greenhouse gas emissions and encourage the growth of the electric vehicle market in the United States. Additionally, electric vehicles are more mechanically reliable than gas powered vehicles and require less scheduled maintenance. They would also result in the Postal Service incurring lower and more reliable and stable energy costs. However, there are challenges associated with adopting an electric vehicle fleet. The upfront costs are significantly higher than gasoline powered vehicles. The Postal Service would need to pay a higher per vehicle price and incur the cost of installing the charging infrastructure. The Postal Service has over 17,000 delivery units that may host electric vehicles and the cost and issues associated with installing charging infrastructure will vary by each depending on the parking layout, power availability and required upgrades. Good planning along with early and consistent communication with local governments and utility companies could help overcome these challenges. We found the Postal Service could save money in the long term by deploying electric vehicles on certain routes. For example on longer routes in in areas of the country where gas prices are traditionally higher. The Postal Service might also be able to lower the costs associated with electric vehicles by exploring different mixes of the type and number of chargers. Because many delivery routes are short, it is unlikely that every vehicle would need to plug into a charger every night. There are two other factors that could significantly change the cost benefit analysis of purchasing electric vehicles: federal funding and local incentives. The Postal Service has stated it could achieve full electrification of its delivery fleet if Congress provided $6.9 billion. Incentive programs by local utility companies might also help offset costs. 33:57 Victoria Stephen: Any mix of replacement vehicles will deliver significant reductions in emissions and improvements in fuel economy over our existing long-life vehicles. I would note, however, that we have 12,500 routes over 70 miles in length that are not candidates for electrification today, and another 5000 that require all wheel drive vehicles due to extreme climate conditions. Electrification also comes with the challenge of installing infrastructure at a multitude of postal facilities. 42:36 Jill Naamane: Last month, the Postal Service ordered 50,000 new delivery vehicles including about 10,000 that will be electric. To inform its decision, USPS conducted a total cost of ownership analysis of a range of types of vehicles. information in this analysis included the maintenance and fuel costs of each vehicle. It also developed a model that recommends the lowest cost vehicle for each delivery route, and a mix of vehicles to purchase each year. The model is based on a set of assumptions including information from the total cost of ownership analysis and details on individual delivery routes. 43:28 Jill Naamane: Our preliminary analysis of the model raises questions about the way in which certain assumptions estimate the costs and benefits of the gas and electric vehicles. I'll highlight a few examples. First, the model we reviewed used a 2020 gas price that is almost $2 per gallon less than the current national average. 43:57 Jill Naamane: Second, the model appears to assume maintenance would be more expensive for electric vehicles than gas. This is inconsistent with research we have identified, our interviews with private delivery companies, and Postal Service documents that show electric vehicles are expected to be less expensive to maintain. 44:16 Jill Naamane: Third, the total cost of ownership analysis does not include a reduction in emissions as a benefit of electric vehicles. A separate USPS Environmental Impact Statement found that with no tailpipe emissions, electric vehicles would have this benefit. 44:40 Jill Naamane: I'll turn now to factors that have so far affected the widespread acquisition of electric vehicles in federal fleets. We've previously reported that these factors include the higher upfront costs of electric vehicles and uncertainties around the cost and installation of charging infrastructure. Our ongoing work indicates that these factors remain relevant. For example, USPS officials said the higher upfront cost was a key factor in their decision making. They estimate that the new electric and gas delivery vehicles will not cost the same until 2031. In addition, USPS estimates a range in the cost of installing chargers depending on the site and it is uncertain whether older facilities have sufficient power capacity to support the charging infrastructure. 51:50 Rep. Carolyn Maloney (D-NY): On March 24, the Postal Service placed its first purchase order of 50,000 vehicles with Oshkosh. And although the Postal Service initially insisted it could buy only 5000 electric vehicles in this first order, it doubled that amount to 10,000 after this committee and others began to ask questions. So I'd first like to ask Miss Steven, can you briefly explain what changed the Postal Service's analysis to allow for the increase of EVs in this purchase order? Victoria Stephen: Yes, thank you for the question. The first thing that that it's important to note is that the Postal Service has committed to continuing to reassess changes in the market. And so the point that you and some of the other speakers have made today about changing fuel prices…$2.19 was the price at the time that we prepared the analysis, we have continued to do ongoing analysis on changing fuel prices and sensitivity analysis to determine if that change is our mix. It certainly does. The gas prices are higher today than they were when we prepared the initial analysis. So that's one factor. The other key factor is that through the efforts of you and your colleagues, postal reform is making a big difference for the Postal Service. It allows us the flexibility to consider our capital position differently than prior to the passage of postal reform. So between those two key variables, we were able to go back and assess our ability to increase the proportion of electric vehicles within our financial resources and within our means, and we're happy to do that. 1:44:00 Rep. Clay Higgins (R-LA): What would the Postal Service do right now if a postal service vehicle runs out of fuel on its route? Victoria Stephen: A conventional vehicle today? Rep. Clay Higgins (R-LA): Yes, yes, ma'am. Victoria Stephen: Yeah, we will call our local team and they would— Rep. Clay Higgins (R-LA): And you'd bring in gas pretty quick, wouldn't you? Victoria Stephen: That's right. Rep. Clay Higgins (R-LA): What do you what are you going to do it for the electric postal service vehicle runs out of juice? Victoria Stephen: It's more challenging— Rep. Clay Higgins (R-LA): You're gonna have to tow it. So listen, I say to my colleagues across the aisle, maybe the time has come for this discussion, but let's have it honestly. It's not going to work. We're spending billions of dollars of the people's treasury to accomplish some dream. Not to mention what my colleague has brought up: the raw materials for these batteries being mined by child slave labor overseas. That raw product bought by China is assembled into the finished product by slave labor in China. Do we support that? For God's sakes, let's take a step back. As a committee, we owe it to the American people that we serve to take a hard look at this thing. 2:01:06 Rep. Glen Grothman (R-WI): Some of my colleagues proposed requiring 75% of the vehicles to be electric. Do you think that's a reasonable possibility? Do you think that's really something that could be handled right now? Victoria Stephen: I think it's a bit beyond what our estimates say is possible. When we were asked by some of the congressional committee members and staff throughout the last year to assess how far we could go with our electrification, the response we provided was 70% of our delivery fleet acquisitions over the course of the decade could be electrified if resources were made available. 3:16:05 Rep. Jared Huffman (D-CA): And then there's the problem with the Postal Service assumptions about EV range, a 70 mile vehicle range. In your extensive work in this field, including the vehicles that companies like GM, Ford and rivian? are providing to private fleets, did USPS use the correct assumption about battery range? Joe Britton: No, it is far inconsistent with what we're seeing in the marketplace and I'll give you a couple examples. The Ford eTransit van? gets nearly two miles per kilowatt hour in the battery pack. The workhorse C Series? gets one and a half miles per kilowatt hour in the battery pack. The Arrival van that is being contracted with UPS gets 1.7 miles per kilowatt hour in the battery pack. The USPS assumption is that this vehicle gets seven tenths of a mile per kilowatt hour in the battery pack. The only other vehicle that we have seen that has that inefficient of an electric drive train would be a Class A tractor trailer or semi truck fully weighted down. It is impossible [unintelligible] -- Rep. Jared Huffman (D-CA): And if the model used the correct range assumptions, wouldn't that significantly affect the total cost of ownership analysis, including the number of charging stations needed to support these vehicles? Joe Britton: That's correct. You would not need nearly as many charging stations as the Postal Service is asserting. 3:20:12 Rep. James Comer (R-KY): It's a worthy cause to try to change to try to transfer from fossil fuels to electric vehicles. But the policies in the Biden administration are making that even more difficult than the economics of it. For example, the Biden administration war on coal is making it more difficult to mine coal and to burn coal. I know that from being from a coal burning state and a coal producing state. You have to have coal to make electricity. You also have to have natural gas to make electricity. We have a lot of problems with our energy policy in America from the Biden administration. And he's gonna make electrifying vehicles even more difficult. Senate Session February 8, 2022 Highlighted PDF Clips 20:40 Sen. Mike Lee (R-UT): Because the Postal Service is required to deliver to every American even on unprofitable routes. The postal service may be charging lower than market rates in its service contracts with private companies. This may not only shortchange the Postal Service making further taxpayer bailouts likely, but it could also distort competition in the package delivery market. 22:45 Sen. Mike Lee (R-UT): Senator Scott's amendment would alleviate some of the financial burdens that this bill would impose on taxpayers and the Medicare program by forcing the Postal Service to reimburse Medicare for all of the additional costs that would be created by requiring future postal retirees to enroll in Medicare. 2:38:33 Sen. Rob Portman (R-OH): I would also like to note what this bill does not do because there has been some misinformation out there. One, it does not appropriate new funds to the post office, period. Two, it does not change the accounting or costing structure for packages and letters so it does not disadvantage private-sector carriers. That is very important to me. This is the status quo that we are putting in place here. It does not change the accounting or costing structure for packages and letters. Third, it does not allow the Postal Service to enter into new commercial services like postal banking. That is also very important to me. And contrary to the claims of this bill's opponents, this bill does not impact the solvency of the Medicare hospital trust fund. That is the trust fund we all talk about. It is going belly-up in 2026. It does not affect it, period. CBO has actually written us something saying that, but it just makes sense. People are already in Part A. And this bill does not increase the Medicare Part B and Part D premiums based on the CBO analysis. Why? Partly because it is such a small number of people. Only 25 percent of postal employees were not already in Part B and Part D, so additional ones make very little difference. But part of it is they are paying their premiums. House Session February 8, 2022 Highlighted PDF Clips 37:10 Rep. Darrell Issa (R-CA): The fact is they haven't made a profit since 2006 as they are mandated. The truth is, the post office isn't lacking liquidity, it is bankrupt and nothing in this bill will make the post office truly solvent. It simply wipes out and wipes away debts and shifts the burden onto taxpayers. The bill forgives $46 billion in debts owed by the Postal Service, forcing the taxpayers to pay it. House Committee on Oversight and Reform Business Meeting May 13, 2021 Clip 44:45 Rep. Speier (D-CA): Believe it or not, prohibition has been over for 90 years, but somehow, we never fixed it so that the US Postal Service could be in a position to mail and process liquor and wine. So for 90 years, they have had their hands tied, while others were able to do that task. We can't have the Postal Service break even or even become profitable if we keep tying its hands. So we also have an interest in protecting small businesses, micro breweries, small retail establishments, small wineries. They cannot ship their product because they either have to have the sanctions of the wholesalers or they don't ship. Hearing: Examining the Finances and Operations of the United States Postal Service During COVID-19 and Upcoming Elections Senate Homeland Security and Governmental Affairs Committee August 21, 2020 Watch on YouTube Clips 12:30 Louis DeJoy: Our business model established by the Congress requires us to pay our bills through our own efforts. I view it as my personal obligation to put the organization in a position to fulfill that mandate. With action from the Congress and our regulator, and significant effort by the Postal Service, we can achieve this goal. This year, the Postal Service will likely be reported loss of more than $9 billion. Without change, our losses will only increase in the years to come. It is vital that Congress enact reform legislation that addresses our unaffordable retirement payments. Most importantly, Congress must allow the postal service to integrate our retiree health benefits program with Medicare. Hearing: Financial State of U.S. Postal Service Senate Homeland Security and Governmental Affairs Committee August 6, 2009 Speakers: John Potter, Former Postmaster General David Williams, Former Inspector General, USPS Clips 46:10 David Williams: The Postal accountability and Enhancement Act of 2006 requires the postal service to make 10 annual payments of $5 billion each in addition to the $20 billion already set aside for pre funding its retiree health benefits, the size of the $5 billion payments has little foundation and the current payment method is damaging to the financial viability of the Postal Service even in profitable times. The payment amounts were not actuarially based instead, the required payments were built to ensure that the Postal Act did not affect the federal budget deficit. This seems inexplicable since the Postal Service is not part of the federal budget, does not receive an appropriation for operations and makes its money from the sale of postal services. The payment amounts are fixed through 2016 and do not reflect the funds earnings. Estimates of the Postal Service liability as a result of changing economic circumstances, declining staff size or developments in health Care and pharmaceutical industries. The payments do not take into account the Postal Service's ability to pay and are too challenging even in normal times. 1:10:10 John Potter: And when I look around the world and see what other posts are, if you're in Australia and you want to update your driver's license, renew it, you go to the post office. If you're in Italy and you go into a bank, more than likely going to the post office, if you're in Japan and you want to buy insurance, more than likely you're going to the post office. And if you're in France and you have a cell phone issue, more than likely, again, you're going to the post office. Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)

DC Incentives Podcast
DC Incentives Podcast Ep. 41 With Laquanya G

DC Incentives Podcast

Play Episode Listen Later Apr 24, 2022 58:40


Quannie Goody is the Founder of Sunday School. Sunday School is a financial literary group that specializes in understanding financial terms and applications. Following topics - Who is Laquanya G - What is Sunday School - Invest in yourself - stocks - financial goals - 4 Pillers of wealth - the rule of 72 --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/diamond-cash/support