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Book Review: Why Work Sucks and How to Fix It Title: Book Review: Why Work Sucks and How to Fix It
PermaLink: http://www.finance-weblog.com/50226711/book_review_why_work_sucks_and_how_to_fix_it.php

Filed in archive Book Reviews by Justin McHenry on July 22, 2008

whyworksucks.jpg
Why does work suck? Because full-grown adults are made to feel like children, Slaveslinks to the clock, working by rules that are more fit to the 19th century then today. We work all week and then have to spend the weekend running errands until Sunday comes and that familiar dread creeps into the pits of our stomach. Even if our work life offers us some time flexibility, using that flexibility too religiously may lead to you being labeled as less than dedicated, which then leads to being passed over for promotions, while the guy who stays at work from 7AM to 6PM even though he does a lousy job and never gets his work done is ultimately rewarded purely on the basis of "face time."

I think this is a fairly succinct summary of the case that Cali Ressler and Jody Thompson make in their new book Why Work Sucks and How to Fix It. Ressler and Thompson were instrumental in the introduction of the Results-Only Work Environment, or ROWE, at Best Buy's corporate offices, and this book makes the case for why a ROWE is good for employees and smart business for all companies. And of course it offers many pointers on how a ROWE could be set up at your company.

As the name suggests, a Results-Only Work Environment is one in which you aren't judged by getting to work on time or talking a lot in meetings or leaving late, but instead you are judged by the quality of your work. Get the work done well, and on time, and the rest is up to you. That means you choose when you're at work and when you're not, not occasionally but always. Don't feel like showing up today? Don't. Want to sleep in and get your work done after dinner tonight? By all means. Want to follow your favorite band across the country? Go for it.

If it sounds like chaos, Ressler and Thompson make the case that it just takes some getting used to. They compare it to college - you do what you want, when you want, and as long as the work is done on time and done well, you are rewarded. In the work setting, the only difference is that you do more communicating as far as where you are and where you're going to be if someone needs you, so everyone else can get their work done on their own schedules, too. But no one has the right to pull rank on others' time, and no one has the right to "Sludge" someone else by commenting on how they choose to go about their work, including when they come into the office, when they aren't at a meeting, etc.

This doesn't mean there's no hierarchy or that there's no way to gauge who is doing a good job versus who is not. It means that being the "boss" is less about catching people daydreaming at their desks and more about managing results. The book's premise is that the low achievers actually get spotlighted easier in a ROWE because they can't fake it by simply putting in the hours or kissing up to the boss - they're either getting their work done or they're not.

While I think this is how the perfect office would run, I have some caveats, concerns, misgivings, whatever you want to call them. First, a ROWE seems to be only for white-collar workers. This is really for office environments - if you're working at a Best Buy store, for example, you'd need to be scheduled; you can't say "I'll sell stereos from 9PM to 1AM tonight."

Second, while I understand and appreciate the fact that a ROWE treats you like an adult and lets you schedule your work and life in the way that is best for you, I still somewhat question the idea that everything is OK as long as "the work gets done." That notion seems to equate work with a stack of papers that has a beginning and end, and when you've finished, you're done. While it may be true that individual projects include distinct roles for many people, I think it's also true that work has some intangible times, times when you're not working on a project per se, but you may be laying the groundwork for future work, or boning up on industry news, or whatever.

In my work experience, there were definitely slow times when I felt like I just wanted to walk out the door, but at other times those slow periods were used to catch up on paperwork, or do one of those "nice-to-have" projects that always gets pushed to the side when the "work" is heavy and demanding. If it's all about getting the "work" done, when are you (or anyone else) doing the industry research or learning to use Excel or whatever else you might do to improve yourself and/or your company when the "work" isn't beating down your door? If we're all saying, "I'm done" when our piece of a project feels finished and no one is currently calling for help, do we put ourselves in the frame of mind that a company is only about urgent projects and not about preparing for future success?

Ressler and Thompson might have a perfectly good answer for that, so I won't push that point too hard (although I would like to know). In fact, I would highly recommend that every company and every manager read Work Sucks, regardless of whether or not they decide to go for a full-on ROWE. Even the thought process that says "These people are adults, they don't need me watching when they show up, when they leave, and when they're taking a personal call during work hours" is something more workplaces should embrace. (And to be fair, many do, whether they use a fancy name for it or not.) Give it a read and see what you can take away to make your work suck less.

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Personal Finance News: Air Travel Edition Title: Personal Finance News: Air Travel Edition
PermaLink: http://www.finance-weblog.com/50226711/personal_finance_news_air_travel_edition.php

Filed in archive Travel by Justin McHenry on July 21, 2008

I happened to come across a treasure trove of news this week concerning air travel and its effect on your personal finance. As you might guess, most of the news is bad, but some is simply interesting.

1. Airlines hope credit cards will help bail them out of financial crisis - Interesting article on how more and more airlines are going to credit-only on board, and that the long-term goal is to sell you not only drinks on your card, but pretty much everything else under the sun. Hey, you want to fly cheap? You're going to have to start doing your Christmas shopping in flight.

2. Credit-card companies: An unlikely savior for frequent-flier programs? - Blog post says that while frequent flyer programs are getting more and more stingy, the only thing that may stop them from becoming altogether useless is the fact that so many credit card companies own miles that they give out in the form of credit card rewards, and it's in the card companies' interests to pressure airlines to not go too far in their devaluing of these miles.

3. This article offers some news on new frequent flyer fees you might not aware of:
Effective Aug. 15, Delta will assess $25 for an award trip within the United States and Canada and $50 for all other award trips. To prove, again, that in the airline business, no really bad idea remains uncopied, Northwest immediately followed with surcharges up to $100. Given how money-hungry the U.S. airlines have become, I expect other big lines to adopt fees of this sort fairly quickly - and I also wouldn't be surprised to see fees growing even higher.

 

Eating Healthy Not So Cheap Title: Eating Healthy Not So Cheap
PermaLink: http://www.finance-weblog.com/50226711/eating_healthy_not_so_cheap.php

Filed in archive General by Justin McHenry on July 16, 2008

pomegranate.jpg
I'm not a spring chicken anymore, so I've been trying to get my diet under control, exercise more, etc. One thing I've noticed is that eating healthy can really be costly. This may not be a revelation to most people, but I've never been one to pay a whole lot of attention to prices.

But I've been subscribing to Men's Health and reading the health section of my local newspaper, and I've been trying to follow some of the advice found in these places. But it's not so cheap to do so.

Two examples:

Pom pomegranate juicelinks is supposed to fight atherosclerosis (heart disease) and contain antioxidants and do all sorts of wonderful things. At this store you can get a 16-ounce bottle for $4.99. (I think it is actually a little cheaper than that at my grocery.) That's a lot of money for 16 ounces of liquid. If it was the guaranteed fountain of youth, no problem. But it's just pomegranate juice. I'm still going to die someday, and so I have to question how much of the money I have while alive should go toward pomegranate juice.

Planter's now offers this NUT-rition Heart Healthy Mix, which is full of peanuts, almonds, pistachios, pecans, hazelnuts and the especially heart-healthy walnut. Over at Amazon I can buy three 9.75-ounce cans for $15, or $5 per. That's actually not bad in comparison to my local store, where I believe a single can was over $6. Nuts are never cheap, but add the heart-healthy tag (and the walnuts), and now you're getting into some serious cash.

Don't even get me started on the cost of multivitamins.

They might make me live a long time, but these superfoods are also going to make me go broke.

 

Tacky? Yes. Convenient? Most Definitely Title: Tacky? Yes. Convenient? Most Definitely
PermaLink: http://www.finance-weblog.com/50226711/tacky_yes_convenient_most_definitely.php

Filed in archive Marriage and Finance by Justin McHenry on July 15, 2008

Running late for a wedding? Worse yet, you didn't have time for a gift? If your wedding just happens to be at this wedding hall in Israel, then no problem:
Guests at an Israeli wedding hall can now insert a credit card into a machine at its entrance, tap in a sum and leave a gift for the bride and groom.

"It's new in Israel and the world," Aya Alon Kaufman of the Gan Oranim hall in Tel Aviv said on Israel's Channel 10 television.

Well, it may be new, but I don't think it's going to sweeping the world. Although maybe the country, if your country is Israel, at least according to this paragraph which taught me something I didn't know:
Rather than bring boxed gifts, guests at Israeli weddings usually leave cash or cheques in envelopes they slip into a safe placed at the reception hall's door.

If I ever get married again, I'm just going to use PayPal.

 

A Lesson in Finance, Kids Style Title: A Lesson in Finance, Kids Style
PermaLink: http://www.finance-weblog.com/50226711/a_lesson_in_finance_kids_style.php

Filed in archive Credit by Justin McHenry on July 14, 2008

Dayana Yochim has a fun article this week at Motley Fool about teaching a friend's 6-year-old daughter about credit after the girl received a credit card solicitation in the mail. My favorite parts:
"When you go to the store to buy Barbie a friend, if you pay for her with your new Visa, her friend will cost $1,087 and won't be paid for in full until you're 43."
And a little existential angst that every child is sure to understand:
"So now you have this huge Visa bill and an empty piggy bank and all of your friends are going to upstate New York in 10 days for a relaxing weekend. Only now you can't go because gas prices are insane and you decided not to go into PR after college where you could have earned money hand over fist, but, in retrospect, you wouldn't have felt like you sold your soul and ..."
Heh, heh. I especially enjoyed that last one. funny stufflinks.

 

The Gas Is Free, The Sex Will Cost You Title: The Gas Is Free, The Sex Will Cost You
PermaLink: http://www.finance-weblog.com/50226711/the_gas_is_free_the_sex_will_cost_you.php

Filed in archive General by Justin McHenry on July 10, 2008

Tough economic times often bring out the greatest creativity in marketers.

Case in point: Brothel offers customers gas rebate:

A Nevada brothel is trying to stimulate business by offering free gasoline.

Clients of the Shady Lady Ranch will get a $50 gas voucher if they fork out $300 - worth about one hour's worth of services - at the brothel in Beattylinks, Nevada, 130 miles northwest of Las Vegas.

Owner James Davis said he already has had to order another $1,000 set of gas vouchers because the first $1,000 were spent in one week.

Better than a free Slurpee.

(Hat tip to Five Cent Nickel)


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