Ranking of The Best CEOs In The World

best ceos globally

Harvard Business Review posted its latest list ranking of the top 100 CEOs in the World that have the best performance in the long term.

This list doesn’t focus on short-term returns but examines the CEOs that have provided their respective companies with the best returns over time.

Top Three Spots

The coveted top spot on the list goes to the CEO of Novo Nordisk, a company in Denmark that produces medications, Lars Sørensen.

Second on the list is Martin Sorrell, who is the CEO of WPP, which is an advertising firm in the United Kingdom.

The third spot goes to Inditex’s CEO, Pablo Isla, who heads this Spanish-based fashion retailer.

Changes

Before the Harvard Business Review changed the way that it ranked this list, Jeff Bezos, the CEO of Internet powerhouse Amazon, had been in the top spot. However, since HBR changed its criteria to add in ESG, or the environmental, social and governance factors, he dropped down to the 87 spot in 2015.

In 2016, Bezos moved up the ranks to 76. When it comes to just the financial aspects of this ranking, Bezos still leads the pack of CEOs as he has done so for three years running. The thing is that Harvard Business Review has determined that these additional metrics add value to long-term performance.

Compilation Method

The list was compiled by HBR examining the CEOs of companies ranked on the S&P Global 1,200.

The rankings were calculated using the returns that shareholders received overall, along with the market capitalization that happened under the CEO’s career at that company.

Also factored in were the ratings of the ESG performance.

Additional Interesting Statistics

There are a few additional statistics that can be drawn from this list.

  • It is interesting to note that being on this list doesn’t guarantee being able to keep a CEO position. Lars Sørensen will be retiring in December, ahead of when he was expected to retire, after Novo Nordisk’s stock dipped by almost 20 percent back in August.
  • Of the 100 CEOs on this list, there are 22 nationalities represented, with the companies based in 19 different countries.
  • There were only two women on this list this year, Ventas’ Debra Cafaro and Lockheed Martin’s Marillyn Hewson. Only three percent of the 886 companies that HBR studied to create this list have female executives in charge.

Dyson To Open New Facility And Grow Workforce In Singapore

dyson singapore jobs

Dyson is planning on opening a new tech centre in Singapore next year.

It also plans to increase its engineering team by 50% in the next couple of years.

At the moment, the company has approximately 800 staff in Singapore, across three locations that include a commercial office, motor manufacturing facility and R&D lab.

Majority of the new hires will be engineers, with specialization is areas such as design, mechanics, electronics, software and motors. In addition to experienced people, Dyson will also be looking for fresh graduates who have no/little work experience under their belt.

“Singapore is much more than just the site where all our advanced Dyson digital motors are manufactured. We have plans for our engineers here to step up in developing the next frontier of Dyson technology, in close collaboration with our team in the United Kingdom.” – Scott Maguire, Dyson’s Global Engineering Director.

Highlights Of The Singapore Job Market In 2016

singapore jobs and salaries 2016

The Ministry of Manpower (MOM) in Singapore, released some advance numbers for the employment market during 2016.

Here are the highlights:

  • The labour force participation rate has been on a rising trend over the last five years. While it declined in 2016 (68%) as compared to 2015 (68.3%), this was due to certain one-off policies implemented in the previous year.
  • Due to poor economic conditions, the unemployment rate for residents increased to 3% in 2016 (2.8% in 2015).
  • The employment rate for people between 25 and 64 years of age, stayed stable at 80.3%. The rate was lower for males but this was offset by an increase in the employment rate for females.
  • Real median monthly income of residents employed full-time, increased by 2.7% to SGD 4,056. This was lower than the rate in the previous year, which was at 5.3%.

singapore job market in 2016

Standard Chartered To Layoff More Staff In Singapore and Hong Kong

standard chartered layoffs singapore hong kong

Standard Chartered will be letting go of around 10% of its employees, from the corporate and institutional division.

This round of retrenchments follows an exercise started last year, to cut costs and improve profitability at the bank.

Employees will be informed of the job cuts beginning this week. People in departments such as corporate finance and trade finance will be impacted, in locations including Hong Kong and Singapore. The majority of senior level layoffs are expected to be in Singapore.

“We are making our corporate and institutional banking division more efficient. Removing duplication in roles and managing our costs to protect planned investments in technology and people means that a small number of existing roles will be impacted.” – statement released by Standard Chartered.

Over a year after CEO Bill Winters announced various initiatives and plans to improve the situation at the bank, Standard Chartered is still facing falling revenues. The bank had approximately 85,000 employees in the beginning of July 2016, which is lower by 1,500 from the same time last year.

Can Money Buy Happiness And Career Satisfaction?

money buy happiness career job

Do you ever wish you had more money? Do you ever dream of being rich? Have you ever thought about why that is the case?

For many people, the desire to be wealthy is extremely common, but is there a root cause to wanting to be rich? Does money make a person intrinsically happier?

As it turns out, the short answer is yes. However, there are some nuances to the subject that make it a bit more complicated.

If you want to understand why money is such a sought-after commodity, then take a look at what the research says and decide for yourself if having tons of money will make all your dreams come true.

Are Money and Happiness Related?

For many years, this question has been at the forefront of people’s minds. The idea that money can buy happiness has been touted by both sides of the issue, with one side saying that happiness comes from within, and the other saying it’s easier to be happy in a Rolls Royce than in a Daewoo.

So which side is right?

Well, like all good arguments, the reality is that both sides make compelling points, which means that there is no correct answer.

Ultimately, how happy money can make you will depend on your own personality, life situation and thoughts on the subject, but this is what research has to say.

Recent surveys conducted all over the world say that richer people tend to be more satisfied with their lives than poor people.

However, it is important to note that this relationship shows a correlation but not necessarily a causation. In other words, the increase in happiness could be caused by factors than money.

We also need to consider the Plateau Effect and the amount of variation in happiness.

The Plateau Effect

Let’s say for the sake of argument that you win the lottery tomorrow. To keep things relatively simple, we’ll say that the lottery is worth $100 million.

Chances are most of you have thought about how you would spend that kind of money if you got it, but what happens if you get that kind of money every year? Instead of a giant windfall, what if you earned $100 million annually?

Winning the lottery is a thrilling moment, but eventually, you will get used to it, right? 

As with all vices, money has the same plateau effect as anything else. The more drugs you take, the more you have to ingest to get the same high. The more alcohol you drink, the higher your tolerance level.

Money operates the same way, which means that once you reach a certain amount you become desensitized to it and you don’t feel as happy about it anymore. After all, if you have plenty of money to take care of your bills and family, then what will you do with the rest?

According to research, there is a limit to how much money can make someone happy. One study concluded that beyond $75,000 of family income and $40,000 of individual income, more money did not lead to more happiness.

Once you have at least that much money, other factors such as health and friendships become much more valuable. This makes sense, because once your base needs are met, then you seek out other ways to make yourself happy.

Variations in Happiness Based on Income

Poorer people will have much higher hopes for financial gain because the effect is so much more pronounced when you have little to begin with.

But how much is the variation in happiness between people of different income levels?

As per research, people who earned $32,000 a year were just 10% happier happier than people who earned $2,000. And moving from an income of $40,000 to 80,000 increased life satisfaction from 6.5 to 7 out of 10.

So money might make people happier but not my much.

So What Does All Of This Mean For Your Career?

As we have seen, money doesn’t increase happiness by much, especially above a certain income level.

Also, an analysis of more than 100 studies revealed a very small relationship between money and career/job satisfaction.

So the conclusion is simple, don’t make money the main focus of your career. Also think about what you would do if money was not an obstacle, use evidence from science to guide your career path and see what your personality says.

More Firms Providing Work-Life Initiatives In Singapore

flexible work singapore part time

More employers in Singapore are offering adhoc flexible working options and leave benefits. This is as per the latest Conditions of Employment survey by the Ministry of Manpower.

Here are the highlights:

  • 77% of firms are providing unplanned/adhoc time off or tele-working arrangements to their employees. This is up from 70% in 2015. These companies cover 82% of all people working in Singapore.
  • The most popular types of flexible arrangements include unplanned leave, part-time work and coming in to work earlier/later.
  • Many organisations are giving employees benefits that are better than the statutory requirements. This includes things such as marriage leave, compassionate leave and study breaks.
  • Employers that provide better options for flexible work, have lower turnover and higher employee loyalty.

Have a look at this video and infographic for more details.


part time and flexible work in singapore nov 2016

Scientific Ways To Hold A Good Conversation

how to make and hold a great conversation

You want to make conversation with someone at your office or at an event, but you always feel like a conversationalist dud. So, what do you do?

You follow these conversation tactics to embrace a more social you.

Ask for Advice

Asking a person for advice is a great way to keep a conversation going, influence people and make them warm up to you.

Also, people like getting the chance to feel as though their advice is important.

This has been proven to work well numerous times and in a variety of business/social situations. Some examples of research in the area include work done by Robert Cialdini (Professor at Arizona State University) and Adam Grant (Professor at Wharton).

Gossip Correctly

People enjoy a good time gossiping, but getting involved with negative gossip can reflect badly upon you.

Gossip can color the way people view you. Research has shown that people unconsciously associate you the traits you are describing. So if you are saying good things about another person, you are seen in a positive light and if you are saying negative things, then those characteristics are applied to you.

This could also lead them to be turned off by what you’re saying or even make them wonder what you may say about them behind their backs. A surefire way to stop a conversation cold.

Become a Listener

People love being able to talk about themselves and their lives.

Researchers have even found that it is as pleasurable and triggers the same feelings as money or food.

Therefore, by encouraging a person to talk about themselves, you’re putting them in a good mood and making them enjoy the conversation.

Use Feedback and Questions

As per the NeuroLeadership Institute, not only should you be a listener, but you should be an active listener that uses feedback and questions to dig deeper into the conversation.

If the other person seeks out your help about something, or if you want to provide feedback, or point out a correction, asking questions can help them to come up a potential solution, or see a flaw in their thinking, on their own.

This is a positive and non-threatening approach.

Ask Two-Questions

The two-questions method is also meant to help put the person, with whom you want to converse, in a good mood.

As per Daniel Kahneman, Professor at Princeton and Nobel Laureate, this method can turn your normal small talk game upside down, but it works.

The first question you should ask the other person is about something positive in his or her life. Then, after you’ve heard about this positive thing, you should then inquire about the person’s life overall.

After the first question, the other person should be in a more positive frame of mind and they will answer the follow-up question(s) enthusiastically.

Conversations will come so much easier to you when you start employing these tactics. You may find what works for one person may not work with another, so vary your conversation game. You’ll be able to make and hold great conversations with just a bit of practice.

Some Insight Into Startup Salaries In Singapore

startup salaries in singapore

The startup scene in Singapore continues to grow, as more ventures are trying to make it big in today’s highly competitive market.

One obstacle tech startups in Singapore face revolves around how much to compensate their employees. On the one hand, they want to attract top talent from top schools. On the other hand, tech startups need to be careful about their money, especially till the products or services become profitable.

However, at the moment, information on startup salaries in Singapore is scarce.

To get some guidance about the pay levels, Monk’s Hill Ventures sent a four-question survey to several tech startups in Singapore. Of the surveys sent, 13 tech startup founders responded. The questions were:

  • What is the monthly base income for your management team?
  • What is the amount of any annual bonuses?
  • How much equity (stock) in the company do these people receive?
  • What is the total amount of venture capital your firm has received to date?

Focus

The survey focused on Vice President-level positions and higher.

The survey also dealt with companies that had most of their staff in Singapore as opposed to nearby countries.

It went out to companies in various stages of funding. Some companies were brand new, while others had a few years of progress under their belts.

Results

The average salary of a C-Suite executive among the 13 respondents was $9,000 per month. Among VPs, this amount dipped to between $6,000 and $7,000 every month as a base salary. This figure doesn’t include other forms of compensation.

The highest-paid employee among this group was the VP of engineering. This person’s median salary was $9,000 per month. There are several reasons for this.

The VP of engineering is, often, the most difficult role to fill in a tech startup. This person needs to know things like computer coding, mechanical aspects of assembling any products, and how to run a team of engineers vital to making products or services work properly.

Therefore, tech startups need to find the best talent in this position the soonest, to make money faster.

Founders and executives often pay themselves less because they have greater equity in the firm. Higher-level executives make more on profits than lower-level employees, so they usually take smaller salaries at the beginning.

salary for tech startups in singapore

Compensation Increases

The survey notes that there is a venture capital funding threshold of US$10 million as to when companies start to pay their employees more money.

Tech startups that receive more than $10 million tend to have a few years of experience behind them, and they can afford to pay people a bit more to retain them.

The Chief Technical Officer (CTO) usually makes the most of C-Suite executives, once higher levels of venture capital come into play.

Bonuses and Equity

C-Suite execs usually get the highest equity in company stock simply because they are the founders and they invested the most to start the business.

equity stake for tech startups in singapore

Performance bonuses normally don’t happen in tech startups, with the exception of the VP of Sales. Sales are vitally important to any startup, and performance-based pay is expected from sales executives.

 bonus for tech startups in singapore

Although not all-inclusive, this survey gives founders and potential employees an idea as to what to expect for compensation in tech startups in Singapore.

This is important because the market for startups is very competitive, and firms need to know how to optimize their hiring practices. Candidates need to know what to expect in terms of fair pay as well.

Make Monday Mornings Way Better

work beat monday morning blues

Most people wake up with a case of the Mondays, whether you spent your weekend jam-packed with excursions and exciting events, or enjoyed lazy days of lounging in your living room. In fact, those slow, sleepy weekends when you think you’re getting caught up on sleep, turn out to be the ones that lead into the most difficult Mondays.

While you think that you’re catching up and getting prepared for the long, grueling week ahead, the extra shut-eye could be one of the culprits for making Mondays the most challenging day of the week. Multiple studies have found that changing your sleep schedule changes your circadian rhythms, which can cause more problems than you would expect.

Catching Your Circadian Rhythm

Everyone has a circadian rhythm, the innate regulatory system that controls the timing of your body’s desire to sleep or to be awake throughout the day. While this rhythm is different for each person, most adults have an intensive drive to sleep between 2 and 4 a.m. and 1 and 3 p.m. These time periods might be stronger or weaker based on a person’s tendency to lean toward being a “morning” or “evening” person.

Sleeping more and later on weekends makes your body confused and messes-up your rhythm. Several different studies have compared an irregular sleep schedule to giving yourself a slight case of jet lag every weekend.

“If you sleep a little bit too little all the time, and just catch up on the weekends, you are messing with your circadian rhythms. You should stay on a regular schedule, but that doesn’t really work with most people’s lives.” – Susanna Jernelöv, Sleep researcher, Sweden’s Karolinska Institute.

A University of Pittsburgh study was published in the The Journal of Clinical Endocrinology & Metabolism shows that this specific type of jet lag, called societal jet lag, has some serious and even severe repercussions.

Societal Jet Lag, Every Sunday: What’s the Problem?

This tendency, societal jet lag, occurs when your natural circadian rhythm doesn’t match the sleep schedule that you need to fit into your society.

Researchers found that even healthy adults who find themselves suffering from societal jet lag can end up facing diabetes, obesity, cardiovascular disease and a variety of other metabolic problems. They had lower amounts of good cholesterol, increased weight gain and higher amounts of fatty substances in their blood.

The study found, though, that there is a quick and easy solution – Don’t change your alarm clock.

Wake up at the same time each day, and go to bed at the same time, too, giving yourself enough time to get a solid night of sleep.

Tough it out for a weekend or two and kiss your case of the Mondays good-bye (or at least make it much better).

Top 10 Signals That An Employee Is Going To Quit

employee quit job

While managers and executives can spend their time hemming, hawing, and trying to guess whether or not an employee is planning on quitting, there has been very little research done on the subject.

Because of that, Timothy Gardner (Professor at Utah State University) and Peter Hom (Professor at Arizona State University) conducted studies into the signs and signals that an employee is likely to quit.

The researchers found some habits that might have appeared to be solid predictors were not true indicators of someone quitting, while other behavioral changes that may have been chalked up to having a bad day were strong signals that an employee is considering voluntarily leaving the position.

After several rounds of surveys, studies and analysis,  the authors found that these are the top 10 signs that someone is about to quit their job:

  1. Decrease in productivity.
  2. Lower tendency to work as a team player.
  3. Doing the minimum amount of work for much longer periods of time.
  4. Less interest in pleasing managers.
  5. Hesitation to commit to long-term deadlines and projects.
  6. More negative attitude.
  7. Putting forth less effort and having less motivation.
  8. Being less focused on the job and other employer-related matters.
  9. Expressing greater and more frequent job dissatisfaction.
  10. Expressing greater and more frequent dissatisfaction with supervisors.

Many of these are more subtle hints than employers usually expect to see. Typically, managers are on the lookout for telltale and widely circulated folkloric signals. However, according to the study, these signal are very infrequent in practice and include things such as:

  • Wearing more casual work apparel.
  • Leaving printed copies of resumes in the open.
  • Arriving late for work or having more doctor’s appointments than in the past.
  • Asking co-workers for contacts at other organizations.
  • Demonstrating bad or poor attitude, or anger.

If you’re a manager, it’s important to start making sure your employees (especially top performers) don’t quit unexpectedly and too soon. Communicate with your staff to see what they like and don’t like about their jobs. Then look for ways to motivate them and increase the chances of them staying.

If you’re an employee who is unsatisfied, remember that you might have been exhibiting these behaviors, even subconsciously, for months. To avoid any hints that you are looking to quit, keep giving your best and showing enthusiasm for the organization. Don’t drop your productivity, continue to work as a team player, and take note of any of the other 10 indicators you might be showing.

New Website To Promote Work-Life Balance Launched In Singapore

work life balance resources singapore

A new website has been launched in Singapore, to help employers understand and implement better work-life strategies. The site also aims to make employees more aware of guidelines, issues, possibilities and assistance for work-life balance.

The resources is called Work-Life Works! and is created by the Tripartite Committee on Work-Life Strategy, along with the Tripartite Alliance for Fair and Progressive Employment Practices (TAFEP).

Some of the features, material and resources available include:

  • Information on work-life strategies and initiatives.
  • Guides to work-life implementation.
  • Employment rules and regulations.
  • Research and publications on the subject.
  • Case studies.
  • Information on services providers, events, training and funding to help with work-life matters.

At the launch event, Minister of State for Manpower Teo Ser Luck stated:

In up times or down times, companies have to take care of their staff. If you take care of your staff, they will take care of your customers. Work-life friendly workplaces remain relevant in uncertain times like these and having a ‘culture of trust’ is crucial to keeping a company intact. Flexible work arrangements are a good way for employers to show employees they care, especially in bad times when a company is not doing well and workers themselves feel threatened.

A Few Entertaining And Enlightening Alternatives To TED Talks

work career videos and talks

TED, a nonprofit organization dedicated to spreading information in the form of short and powerful talks, has hosted conferences since 1984, with talks that cover everything from science to business to important global issues.

Thanks to the information age and social media, TED Talks have soared in popularity and some “talks” have gone viral on the web.

But as great as these TED Talks can be, due to their increasing popularity and ubiquity, they have started to become too similar to each other. And not all of them are as enjoyable.

So if you’d like to enjoy discussions that are smart, engaging, and compelling, here are some alternatives to TED Talks.


PechaKucha

PechaKucha was founded by a pair of architects from Japan who wanted presentations that were concise, simple and inspiring.

It started as an open event in Tokyo for young designers to meet, network, and share ideas, but it has since expanded to over 900 cities.

Here, the presenters only have a short amount of time to speak, charging them with the difficult task of delivering a message that is both concise and impactful in the limited amount of time that they have, which has some powerful and amazing results.


Big Think

Big Think has talks and videos that are enlightening and entertaining.

Featuring presenters like Bill Nye, Neil DeGrasse Tyson, Mary Aiken, and Glenn Cohen, Big Think provides talks on a variety of scientific, social, psychological, and intellectual topics with a big focus on technology.


Talks at Google

Google regularly hosts talks on a variety of topics on its corporate campus, for both employees and guests.

Sometimes the talks are inspirational and informative, and other times the talks are simply working sessions on how to do a better job in the workplace, or how to use a specific kind of tool.

Either way, the talks can be quite interesting and are definitely worth checking out.


PopTech

PopTech is a global community of experts, entrepreneurs, and “thought leaders” with the goal of sharing information beyond the lines of industry.

It wants to help spur innovation by bringing people with different backgrounds together to share ideas and inspire one another.

Getting people to talk about big ideas is always a great thing, and PopTech has these talks in droves. Talks cover a variety of topics in science, medicine, public policy and education.


IdeaCity

The Canadian version of TED, IdeaCity is more informal, and is inspirational and open. It is also broader in terms of topics and ideas that are presented.

IdeaCity is a three-day conference that is a parade of visionary entrepreneurs, leaders, scientists, journalists, social activists and more. Each talk will leave you more intelligent and more enlightened than you were before.


Ignite

Ignite allows presenters only 20 slides and five minutes of talk, forcing them to condense a big idea into a bite-sized chunk.

Talks must be fun, quick, engaging and memorable in only a couple of minutes, and the results are some really enlightening, entertaining and impressive talks that you won’t see anywhere else.


99U

99U hosts a variety of talks on topics that range from creativity to careers.

They are full of vibrant speakers, including individuals you might not have heard from in traditional conferences (meaning the voices and ideas are fresh and new), and perspectives that are both interesting and insightful.


The Moth

The Moth is less about lectures and more about personal stories that you can learn from, empathize with and rally behind.

The site and its series of talks range from a variety of topics like peace, faith and the worst surprise party ever.

Here, there are few high-minded concepts and no techies peddling stories of controversy or disruption. Instead, real people are telling real stories that we can all relate to in a genuine and understandable way.