Thinkers of Think - September 2022
Here's what happened last month:
Make Employees Happier and More Productive by Automating Mind-Numbing Tasks
When?1Rivet Founder and CEO Eric Middleton ?began developing virtual robots to perform mundane, tedious tasks, he had two immediate concerns. First, companies would lay off the human employees who had been performing these tasks. Second, employees wouldn’t want to reveal how they performed their tasks because they feared being replaced.?
After four years of successfully developing and implementing these virtual robots, known as Robotic Process Automation (RPA), he realizes his concerns were unwarranted.
Instead of being laid off, employees were freed up to perform more complicated tasks that require a human brain to do effectively. These employees now perform more value-added tasks that ultimately deliver greater benefits to the end client.
Think Systems Named One of America’s Fastest-Growing Private Companies by Inc. magazine For the Second Consecutive Year
Think Systems Inc.,?a?management consulting firm providing post-merger integration services, technology and operational transformation, and enterprise PMO support and services, announced today that it has made the?Inc.?5000 list of fastest growing private companies in America for the second consecutive year.
Think ranked 2,457 on the Inc. 5000 this year despite a weakening economy and the continued drag of Covid-19.
Over the past three years Think has grown at an average rate of 35 percent, while total employees grew 43 percent from July 2021 to July 2022.
Think Systems Makes Key Hire Naming Beth Perlman Managing Director, CIO Advisor
Think Systems, Inc.,?a national?management consulting firm that helps medium and large mid-market companies with organizational solutions and strategic hiring, announced today that it has named Beth Perlman, Managing Director, Chief Information Officer (CIO) Advisor.
Ms. Perlman has more than 20 years of experience in upper-level management and has worked at some of the most recognized companies in the world in both technology and business.?
Pre-Pandemic Payrolls: U.S. Adds 528,000 Jobs in July
Any one of the three items in the?Wall Street Journal?headline would be newsworthy in itself: The U.S. added 528,000 jobs in the month of July; payrolls returned to the pre-pandemic levels of early 2020; and the unemployment rate dropped to 3.5% (also last seen in early 2020).
What’s most intriguing about all this, of course, is that we are in a very different economic place than that last time those benchmarks were achieved. Inflation remains a huge challenge, the stock market is off by roughly 10% this year, the Great Resignation (or Great Reshuffle, if you prefer) continues in force and we may or may not be headed into, or already in, a recession.
Stress Management for the Busy Professional
Bestselling author and fitness expert Igor Klibanov became interested in how stress impacts humans as a personal trainer when he was frustrated by a lack of results for certain clients who were adhering to all best practices.?
Klibanov began studying how hormones and stress levels impact body fat levels and has since become an expert on how stress impacts individuals.
“You intuitively know that it’s not doing your health and performance much good,” he said. “Busy professionals in high-stress jobs are keenly aware of the effects, including low energy, poor mental clarity and often an increase in belly fat.”
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The Benefits of Hiring Contractors in a Down Market
There are many terms that could describe the current employment market, but “confusing” and “contradictory” would probably be near the top of the list. Unemployment is at or near record low levels even while the Great Resignation continues unabated, and inflation and stock market fluctuations continue to be significant concerns.
You could call the current situation a “down market” and still an “employee’s market” as we all navigate the changes to the post-COVID workforce. It’s a time of uncertainty, for both employers and workers.
Think Innovate 2022
Innovate 2022 is almost here. Have you registered yet? This is going to be the executive networking event of the year! There are over 24 speaking session with more than 40 speakers from top companies including Cisco, Amazon, DocuSign, and Capgemini. Check out the agenda and register here: https://innovate2022.thinkconsulting.com/
Check out our upcoming events:
Wed Sep 14 | 4:30 PM ET
We live in a complex ever changing world. The speed of change is forcing organizations to manage ambiguity, build resilience and cultivate innovation. Hybrid work is not going away and has added another layer of complexity that few foresaw three years ago. What worked in the past will not necessarily drive success in the future. It is critical for organizations to be intentional about who is on the team, how they are working together and what they are seeking to accomplish.
Thu Sep 22 | 5:00 PM ET
Join area manufacturers, business owners and C-suite execs for an evening of networking with beer and robots. As always, light fare, beer, wine, and soft drinks will be provided in addition to the entertainment.
Proceeds benefit Baltimore Robotics Center, a place where Baltimore's youth acquire hands-on experience in STEM programs to equip them to pursue robust careers in science, technology, and manufacturing.
Wed Sep 28 | 5:00 PM ET
NFTs aren’t just right-click-save JPGs of Bored Apes. In this session we will cover some history, some education, but most importantly how NFTs are becoming essential to our everyday IRL experiences. We will prove to you why NFTs are already here and that they are here to stay.
Derek has near 15+ years of Program Management and M&A delivery experience. He is used to leading the strategy through implementation of large-scale, complex, transformative programs typically touching all front, middle and back-office facets of an organization.
Wed Oct 5 | 4:30 PM ET
Nowadays, event-driven architecture is very popular due to its high scalability and distributed asynchronous behavior. It is a great fit in a microservices architecture and provides a highly decoupled system. Having the ability to scale and pivot without having to make changes to software platforms is vital. Yet many businesses still struggle to adopt modern technologies that allow for the necessary flexibility.