Leading a team at work is an exciting opportunity if given the chance, but can have some challenges along the way. Chester Elton, Author of "The Best Team Wins", and Jason Feifer, Editor-in-Chief of Entrepreneur joins This Changes Things to discuss how to lead the best team possible.
Elton says now more than ever leaders are faced with leading a team of multiple generations. You have millennials, Gen X'ers and baby boomers in the same room, working on the same projects. He says leaders need to realize that each individual person needs to be treated in a separate way. You can no longer treat the group as one. Each person has a different style of leading they need to see from their manager.
Plus, how can leaders help achieve productivity within their team? Feifer says that people want to be heard and they want to feel validated. Leaders need to lean on that emotional side of managing and establish a good set of "soft skills." Those skills could include establishing clear plans and goal, sharing information transparently and recognizing team accomplishments.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
