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Newsletter #6: Pay Disparities, When New Hires Get Paid More, Top Performers Resign First; Why Boards Need To Clone Starbucks Digital Leadership
Sue Mysko
March 29, 2024
SCALE UP Newsletter #6
Welcome to Scale Up, the smarter way to grow with fractional executives.
In this edition:
💰 When New Hires Get Paid More, Top Performers Resign First
🏆 How to Become 37.78 Times Better at Anything
☕ Why Boards Need To Clone Starbucks Digital Leadership
Let’s dive right in. 👇🏼
Boeing CEO to Step Down in Overhaul Sparked by Safety Crisis
Boeing CEO Dave Calhoun is set to step down at the end of the year amid a safety crisis, accompanied by the departure of Chairman Larry Kellner and the head of the commercial airplane division, Stan Deal.
This significant leadership overhaul comes amid heightened scrutiny following a midair jet blowout earlier this year.
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When New Hires Get Paid More, Top Performers Resign First
To attract new talent, employers often offer new hires higher wages than existing employees. But today, a combination of regulatory changes and technological advances have dramatically increased pay transparency in many sectors, making employees increasingly aware of these pay disparities.
How do existing employees (and especially top performers) react to these higher-paid new hires? And how can organizations mitigate the associated risks?
Why Boards Need To Clone Starbucks Digital Leadership
Many executives are feeling bewildered and overwhelmed by the rapid push to adopt and utilize AI for business modernization. According to IBM, 40% of organizations are still in the stage of "exploring or experimenting with AI, but have not deployed their models."
However, Starbucks stands out as a success story in digital transformation, showcasing how technology can drive revenue growth, competitive edge, strategy execution, and functional excellence.
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How to Become 37.78 Times Better at Anything | Atomic Habits summary (by James Clear)
⭐ Making tiny changes in our habits can have a significant impact on the trajectory of our lives in the long run.
⭐ The key to changing habits is to focus on becoming the person you want to be, rather than just achieving specific outcomes.
⭐ To establish good habits, clearly state your intention with a specific time and location.
⭐ To become better at anything, it is important to show up even on bad days and not break the chain of continuity.
Navigating Organizational Growth
As startups and growing companies navigate the path to organizational growth, they must carefully consider their staffing strategies.
Fractional hiring can play a pivotal role in this journey, offering a scalable solution that aligns with the company's evolving needs while minimizing recruitment costs.
