378 karma · joined March 26, 2014
We've got sticks that don't seem to be working. Let's throw some carrots in as well.
Good performance -> good bonuses.
Let's assume $2000 in fees associated with these two loans. Both borrowers area offered a 4% interest rate over 30 years. On the $250k loan, the APR is 4.0662%. On the $50k loan, 4.3280%. 35k, 4.4665%.
I'm not an expert in the law, but these APRs, or the ratio of fees to loan may trigger anti-predatory lending laws.
> It's not good managerial advice to say, "Tell your employees they sound stupid if they are bad public speakers!" It's better managerial advice to say, "Know your employees, and how each individual might be best motivated, and don't accept complacency."
I completely agree with this, and I got this from the article/video as well. In the "um" story, the manager tries twice to tell her in a nice way, offering to bring in a coach, etc, but she doesn't get it. Knowing her employee, she tells her that she sounds stupid and this works. Kim says in her talk that Sheryl had done several things to establish trust in their relationship previously, so she knew that this case was not a personal attack.
In my opinion, the whole point of this talk is that giving honest feedback without tact is better than no feedback at all. If someone just doesn't get it when you say it diplomatically, just cut the fluff and say what you need to say.
http://www.npr.org/sections/money/2015/10/14/448718171/episo...
or non-good, marginal good, regular doings, etc.
Actually, she thought she was ordering a single dose at 160mg, and accidentally ordered dose per kg. 160 was the size of the dose, so the patient's weight became the number of pills.
These aren't new products or new wealth, but changing how people manage and interact with their finances.