Just in Case it Matters to You
- YEAR END PARTNER PROFIT ALLOCATIONS CAN CREATE GREAT STRESS AND MAJOR ISSUES. Ineffective partner compensation programs are actually the primary reason for split-ups, since the ‘straight-percentage-sharing’ model simply doesn’t fit today’s economic environment or expectations of younger workers. DCG has consulted in this touchy area for decades, both in developing programs and in Mediating matters when the relative contributions of partners were ignored. Key design elements in successful firms & companies incorporate: (1) base pay only as a percentage of total comp; (2) ‘performance’ allocations as a meaningful component, correlated to achieving targeted operational/financial goals and Team as well as personal results; and (3) contribution to future growth, like developing new services, mentoring employees, building reputation & brand. A culture of engagement, accountability, performance and (most critical) perception of fairness are necessary to keep partners focused on delivering services or product, instead of how profits get split. Let DCG help your organization proactively.
- THE INTERNET OF THINGS (IoT) simply refers to the network of physical objects which, through embedded technology and Internet communication, can interact with each other. Essentially, sensors capture events, transmit data via network infrastructure which “aggregates data, performs ‘augmented intelligence’ analysis & reporting,” and allows for physical execution of real-time and theoretically optimal decisions. Cloud & service connections encompass all facets of the digital world flow: home energy, traffic, factory production, logistics, equipment maintenance, medical services, retailing, communications, law enforcement, etc. etc. “While the internet has transformed digital industries, the IoT will transform physical industries, helping businesses achieve greater process optimization & efficiencies through real-time, Big Data… and helping consumers scale data collection & processing capabilities to make better decisions.” In the next five years, over 50 billion devices are forecast to be communicating over the Internet, half of which will be automatically interconnected with each other. [PwC analysis for ISSA – Oct 15, 14]
- TOO MUCH TEXTING CAUTION: “Neck strain can cause cramps, pinched nerves, herniated discs and early degeneration of the spine… as the head bends forward and can increase strain to 60 pounds of pressure” – over double the force normally exerted on your spine, according to back surgeon research. [THE WEEK – Dec 5, 14]
- FOR A HEALTHIER WINTER SEASON, MINIMIZE MOLD, MILDEW, YEAST & BACTERIA INFECTIONS from: (1) Kitchen Sponges which hold 320 million microbes per gram of mold & food-borne pathogens – nuke the sponges daily for 60 seconds; (2) Coffeemakers which test positive for allergy-inducing mold & yeast over half the time – run a full pot of water + two denture tablets through monthly to breakdown the biofilm; Vegetable Drawers which nurture fungi and bacteria from moisture & food – wipe down with 2 Tbsp baking soda in a quart of water to strip biofilm slime of mold & germs; Toothbrushes which breed bacteria leading to sinusitis and respiratory or blood stream infection – soak weakly for 60 seconds in hydrogen peroxide; (5) Elevator buttons which are dirtier bacteria-count wise than toilets – use your elbow to punch the button versus your finger. [MENS HEALTH – Dec 14]
- THOUGHTS FOR THE WEEK: An insect spy drone which looks like a mosquito is already in production, funded by the US Government, remotely controlled, equipped with a camera & microphone which reportedly can land on you with the potential to take a DNA sample or leave RFID tracking nanotechnology on your skin. The real art of conversation is not only to say the right thing at the right time, but also to leave unsaid the wrong thing at the tempting moment. You have the right to remain silent; anything you say will be misquoted, then used against you.
DCG: PROVIDING GLOBAL PERSPECTIVE FOR OPTIMAL STRATEGIC, FINANCIAL, OPERATIONS AND MANAGEMENT