What’s New in Leadership

Aug 22, 2024

Leaders,

It’s short today because who wants to read much during summer (or Winter for my Aussie friends :-)?

1. Business & Trends

The financial strategies of the 2024 Paris Games:

Paris is emphasizing the use of existing facilities and lower-cost temporary venues.
The main sources of income for local committees such as the 2024 Paris Games are domestic sponsorships, ticketing, licensing within the host country, hospitality, and merchandising.
An independent study touted by the IOC concluded that the Paris Games will end up generating between $7.3 billion to $12.1 billion for the city and surrounding Île de France region between 2018-2034.
🔎Read the full article Part 1
🔎Read the full article Part 2

“Less is more.”
There is a growing body of scholars and activists who doubt that there can be an unending economic expansion in a finite world. Rather, they support a daring remedy called regrowth.
The movement advocates for the democratization of the economy, the drastic reduction of global resource consumption, and the cooperative management of vital resources.
🔎Watch what Degrowth looks like

This small group Mastermind will allow you to meet, learn from, and share your expertise with other high-performing organizational leaders who are committed to continuing growth.
For CEOs, Founders, and Leaders
4 Principles: focus, intentionality, resilience, energy
Melissa brings 25 years of experience in coaching, HR, and leadership, focused on helping leaders transform from imperfect to intentional. With a deep understanding of people strategies, she knows how to make your business journey smoother. Let her guide you to scale new heights by tapping into your strengths and addressing your blind spots
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More women leaders support a more inclusive environment: Organizations with an above-average (means having 30% or more women in senior roles and 40% or more women in leadership roles at lower levels.) number of women leaders are 1.9x more likely to be rated as having an inclusive culture than those with fewer women.
Women leaders focus on employee engagement: Globally, women are 1.4x more likely to say they are most concerned about maintaining an engaged workforce than men.
Men leaders are more concerned about emerging technologies: Men are 1.3x more likely to say they are most concerned about succeeding with emerging technologies compared to women, especially in the tech industry.
On average, only 24% of women leaders have had a formal mentor, compared to 30% of men.

Women were 12% less likely than men to receive leadership skills training and 15% less likely to be assessed to gain insights into their strengths and development gaps as leaders.
The clear lesson is that companies that want to retain women leaders must clearly show their investment in their development and career growth.
🔎 Full statistics
🔎Global Leadership Forecast 2023

People are looking for new jobs and planning to quit. Gallup estimates that the replacement of leaders and managers costs around 200% of their salary, the replacement of professionals in technical roles is 80% of their salary, and frontline employees 40% of their salary.
42% of employees who voluntarily left their organization in the past year report that their manager or organization could have done something to prevent them from leaving their job.

Managers need to regularly initiate the right conversations with their employees to retain them rather than waiting for them to express discontent and the possibility of leaving.

Regularly talk with your team about:
- Compensation and career advancement
- Relationship building
- Breaking barriers (organizational issues or capacity management)
Coach your team
🔎 Full article