How to Spot the Sunk Cost Fallacy

How to Spot the Sunk Cost Fallacy

When it comes to your career, sunk costs are everywhere. To help you spot and avoid them, Coupon Chief created an infographic with helpful advice to keep you out of the sunk cost trap. Whether you’re hunting for the next great job opportunity or figuring out how to change careers, it’s important to recognize sunk costs and avoid the fallacy.

Why It’s Time to Ditch the Objective Statement On Your Resume

Why It’s Time to Ditch the Objective Statement On Your Resume

If your resume starts out with a statement such as “Objective: Senior Level Marketing Director with 15 years of experience seeking to . . .” you have just dated yourself. If you are still using a line like that to open up your executive resume, you may as well realize that your chances of getting selected for an interview are probably long gone as well. The reader knows what your objective is – it is to get hired. Lose the “Objective” and replace it with a dynamic career summary that pulls the reader in and shows that you have the experience, skills, and credentials to get the job.

How to Make Big Decisions More Effectively

How to Make Big Decisions More Effectively

When it’s time to make a big decision, do you ask for advice? Many of us do, and our default behavior is to go to our most trusted friends or colleagues. These are the people you already talk to often, and who know you well. There is a reason you are inclined to talk with them. It is easier and less energy-intensive for your brain and theirs because they are familiar.

Cues for Connecting with Generation Z

Cues for Connecting with Generation Z

A while back I wrote an article detailing ideas for connecting with various generations. As Generation Z is now starting to enter the workforce, I thought it was important to provide some tips for interacting with them as well. Last summer, my two Zs came home from college, and I experienced them in a different way.

Effective Strategies to Reduce Costs and Utilization in US Healthcare

Effective Strategies to Reduce Costs and Utilization in US Healthcare

Our healthcare costs keep increasing much faster than inflation, year after year. According to figures released in December 2019 by the U.S. Department of Health and Human Services (DHHS), the annual growth rate of healthcare spending was 4.6% in 2018, vs. 3.9% in 2017, 4.8% for 2016 and 5.8% for 2015. We spent $3.6 trillion in this area, or 17.8% of GDP.

How to Overcome Ego Depletion

How to Overcome Ego Depletion

Each day you make over 35,000 decisions. Some you may not even notice, like choosing a bagel instead of cereal. Others, like choosing between putting in another hour at work or heading home early, take more consideration. It’s not uncommon after a long day of dedicated work to feel like our willpower is gone. This is a phenomenon known as ego depletion.

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