Here is the version published this week Forbes Careers Newsletter, which brings the latest news, commentary and ideas on the workplace, leadership, job search and the future of work straight to your inbox every Wednesday. Click here to subscribe to the list of newsletters!
If you’re like most people, you struggle with making decisions and making New Year’s resolutions. How do you keep those commitments, but also keep them from overdoing it? How can you make tough calls when both options look good?
You probably make pros and cons lists to help you decide, and set specific goals that you think won’t let you fail.
You should not.
I recently spoke to decision-making expert Annie Duke, who says goals and resolutions need a way out or “unless,” and a list of pros and cons don’t is nothing more than a “bias amplifier”; one that allows you to determine which option is best when building the list and weight different factors equally even when they are not.
“Once we start thinking about something, we’ve usually already made a decision. So if you want to do it, you’ll have a lot of upside, and if you don’t want to do it, you’ll have a lot of downside,” said Duke, the author of Quitting: The Power of Knowing When to Walk Away and a former professional poker player who is a decision science-focused “special partner” at venture capital fund First Round Capital Partners.
Duke spoke with Forbes last month for a subscribers-only session where she talked about using helpful decision-making frameworks, getting a “shutdown coach” to meet your commitments, and developing “elimination criteria” to look for factors that might help you know if it’s time to quit.
She shares some great tips, which I’ve talked about here. But that’s not the only advice Forbes must share on decision-making and setting 2023 goals. Contributor Ashley Stahl has some suggestions for things to consider if you’re considering changing jobs. Mark Parna offers goal-setting strategies for staying focused in 2023. And there are some key resolutions you might not be thinking about — Bryan Robinson has some ideas here.
I hope the first full week of your New Year is going well.
50 Over 50: Asia 2023
Forbes’ The 50 Over 50 Asia list is live, showcasing 50 women over 50 from the Asia-Pacific region who are reaching new heights in their careers, spanning all sectors and inspiring the region’s next generation. Made in partnership with Mika Brzezinski and Know Your Value, these women prove that success comes at any age.
Here’s why you should always include photos on your LinkedIn profile and how to effectively announce your termination on the platform.
Companies are canceling meetings to free up time. Reinvent them with these tips.
Here are three things to consider when considering changing jobs.
Sitting on job applications? Now is the time to hit send to get the most out of your search.
Get along better with all your colleagues with these helpful tips.
ON OUR AGENDA
The end of non-competition? The Federal Trade Commission introduced new legislation last week to ban commonly used non-competition agreements between workers and employers. They oppose principles of “healthy competition,” FTC Chair Lina M. Khan said in a statement; the federal antitrust agency estimates that ending this practice would result in $300 billion in additional wages, Forbes“ reports Derek Saul.
Former McD CEO fined: Former McDonald’s chief executive Stephen Easterbrook has been fined $400,000, the Securities and Exchange Commission said in a statement, accusing him of making false and misleading statements to investors about the circumstances leading to his dismissal in November 2019. Without admitting wrongdoing, Easterbrook accepted the penalty. and a five-year ban from sitting on the board of directors of a public company or working as an officer in such companies, Forbes’ reports Saul.
Economic Update: Friday’s jobs report showed the jobless rate fell to 3.5%. But the quality of jobs is deteriorating, economists noted, with technology, financial and manufacturing companies laying off workers while lower-paying industries like leisure and hospitality continue to add jobs. Meanwhile, layoffs continue to rise, with companies like Coinbase cutting 950 jobs, or 25% of its workforce, and financial services giants like Goldman Sachs reportedly cutting more than 3,000 jobs.
More drama on Twitter: Changes and drama in the company continue, as reports point to further staff cuts and some employees criticize the severance packages they are being given, Forbes” reports Brian Bushard.
Harry’s New Book: Prince Harry’s book release — and all the drama it did (or didn’t) surface — has some career-related lessons, writes Forbes“Diane Brady. Harry, she wrote, “has decided his job sucks. Now he’s made comments that imply not having that job sucks even more. former job. The former is a decision of the heart; the latter, a decision of the leader. Read more about his take on his new book and the attention it has received here.