EDITION 755
4 MARCH 2019

As another week slips by, here are 10 things which caught my attention and may have escaped yours. This newsletter is sent to 50,000+ subscribers each Monday. Please share on social media and forward to your colleagues and friends so they can subscribe, learn and engage. I'd be very grateful if you did.

1. How to be a strategic leader. The most effective leaders are able to execute the core of their business while remaining open to trends in the market and adapting to meet them. Being strategic in this way requires that you balance two traits. [MORE]
    
2. Bank CEOs earn 120 times more than their staff. Lloyds Banking Group CEO Antonio Horta-Osorio took home £6.3 million last year - 169 times more than the company’s median pay of £37,058 — while HSBC boss John Flint pocketed £4.6 million, 118 times more than its employees’ median pay. The City of London Corporation this week launched a campaign encouraging financial firms to pay the London Living Wage. Reuters
    
3. One in 10 adults has never worked. Despite record employment, one in 10 UK adults has never had a paid job, according to official data. Analysing 41 million people aged 16-64, the Office for National Statistics (ONS) found that 3.6 million people, more than half of whom were students, had never done a day’s paid work. The number of people in work in the UK has continued to climb. Last month, the ONS reported a record 32.6 million people were employed between October and December. Daily Mail
    
4. Scrap workplace sexism and boost economy by 35%. The head of the International Monetary Fund says supporting women in the workplace could boost economies by 35%. Tackling sexism at work is the key to making the world economy richer, more equal and less prone to colossal financial collapses, said Christine Lagarde in an interview to mark International Women’s Day. She said some countries could boost the size of their economies significantly if they abandoned discriminatory laws. The Independent
    
5. How to keep confidence from turning into arrogance. Among leaders, there’s a critical difference between displaying the kind of confidence that inspires loyalty and good performance, and arrogance, which discourages others from sharing their thoughts. How can managers check themselves before they wreck themselves? Our advice is that leaders should regularly ask themselves and others several questions, including: “Do I originate most of the ideas my team pursues?” If the answer is yes, it’s time to create space for others to contribute. [MORE]
    
6. Government to ban companies from using gagging orders. Employers are to be banned from using gagging orders to prevent workers reporting illegal harassment and discrimination to the police. The government will announce the proposed change in the law after the Daily Telegraph revealed how [Sir] Philip Green used non-disclosure agreements to silence and pay off at least five members of staff who accused him of sexual harassment and racism. Daily Telegraph.
    
7. Royal Mail sorry for raising prices. Royal Mail will donate £60,000 in extra revenue generated by a stamp price rise to charity, after breaching Ofcom’s current cap. From next month, a first-class stamp will go up by 3p to 70p, and a second-class stamp will go up by 3p to 61p. Implemented by Ofcom in 2012, the price cap was designed to make the postal service “affordable” for all consumers. Despite the increase, Royal Mail says its stamp prices rate among the best value in Europe. BBC
    
8. Be careful where you park when you shop. You've spent £90 on your weekly shop. Then, the supermarket tracks down your address and fines you £90 for overstaying in its car park by a few minutes. Last year, the DVLA raked in £16.3m handing out driver details to third-party organisations, including car park firms, according to data obtained by Money under a freedom of information request. Lidl imposes a 90-minute time limit on free parking, with a 10-minute grace period after that. It employs a private car park firm, Athena, which levies a £90 fine for overstaying, or £45 if a customer pays within 14 days. The Times
    
9. New parents remain sleep deprived for six years. UK researchers say a new study of thousands of new parents suggests they face sleep deprivation for as long as six years after the birth of a child. The effect was most pronounced in women and was worst in the first three months after the birth of a first child. Women reported an hour’s less sleep per night, while men lost an average of only 13 minutes. The Guardian
    
10. The bottom line.The difference between what the government received in revenue last month and what it spent was £14.9bn it is the largest surplus figure since records began in 1993 for January., the month when most people submit their self-assessment tax returns. The Financial Times