3 strategies to keep your best employees

Three cheerful employees working at laptops.

Though U.S. employers kicked off 2024 with the addition of 353,000 new jobs, the job-switching trend that catalyzed The Great Resignation continues at near record-setting levels. Some sectors are experiencing greater churn than others. At 5 percent, the quit rate in hospitality is significantly outpacing other industries, and engineers are increasingly seeking new professions altogether.

Hiring is just half the battle — particularly in an employment landscape transformed by artificial intelligence (AI), flexible work options, economic uncertainty and worker disengagement. Employers must adapt quickly to stop the revolving door.

As director of the Center for Advanced Human Resource Studies and the William J. Conaty Professor of Strategic Human Resources at the Cornell ILR School, Bradford Bell contends that while attracting top talent remains crucial, retention is the real test of organizational resilience. He recently shared three steps organizations can take to keep their best employees.

1. Foster a skills-based culture.

One challenge in the talent management space is the rapid transformation of jobs due to technologies like generative AI that have shifted the competencies employees must have to be successful at work.

“Companies can address this challenge by becoming more skills based. Understand and assess your employees’ current competencies and figure out what future skills employees will need to be successful in their work as their jobs and your business evolves,” Bell said.

Through industry research and trend analysis, leaders can identify skill gaps and train current employees to close them. Some organizations might see benefits in relaxing degree requirements for internal upward mobility and providing personalized learning in mentorship programs, on-demand courses and external online certificate programs instead. Leaders can also restructure performance reviews to evaluate employees based not only on past performance but also on skill development.

“The future of work is a whirlwind of automation and disruption,” Bell added. “Help your employees navigate change, solve complex problems and increase their value within your organization.”

2. Learn to lead from a distance.

Remote and hybrid work models are changing the nature of leadership. Organizations need new strategies to make up for the distance — real and perceived.

“Leaders must set the course for their teams, making sure that all members are clear about the mission, goals and expectations to avoid the conflict and confusion that can arise particularly when members are virtual,” Bell said. “Managers should also support the social climate by being more purposeful about orchestrating interactions and building relationships among team members.”

Department heads should empower employees to be more responsible for managing their own work. To assist workers, Bell encourages organizations to facilitate the effective use of technologies by ensuring all team members have access to necessary tools.

“Now that employees and organizations have experienced flexibility and the benefits that it can offer, hybrid work models are here to stay,” Bell said. “No matter where employees are located, leaders must ensure they are using technologies and tools in the right situations and can adjust based on how tasks and environments shift over time.” 

3. Drive a positive employee experience.

Replacing experienced personnel can incur considerable costs in recruitment and training. High turnover can erode morale in a manner that damages current team dynamics and fosters a reputation that repels new talent. By effectively engaging employees, organizations can mitigate these risks.

“When we look at the research, we see a few key factors that impact employee engagement: the design of work itself, learning and career development and leadership,” said Bell, who asserts that it is important for employees to perform meaningful, varied tasks and view their work as significant.

Bell encourages leaders to consider how they can design jobs themselves to be more engaging and ensure that employees have access to professional development opportunities that present clear career paths within their organizations.

He encourages managers to look inward as well: “Leaders who are more transformational as opposed to transactional — those who can build strong relationships with their employees — are able to drive higher levels of engagement within their teams.”

Bell also encourages leaders to examine how they listen to employees, formally and informally. He recommends that leaders capture employee sentiment and voice through surveys and one-on-one discussions.

“This needs to be a multichannel and ongoing process in which organizations and leaders are constantly listening to employees, identifying the pain points employees are experiencing, taking action on the feedback and communicating back to employees the changes they are making,” he said. “Through that listening process, you create a productive cycle that enhances employee engagement and increases retention over time.”

Learn the latest best practices for talent management in one of Cornell’s online human resources certificate programs, including several coauthored by Bell: Hybrid Work StrategyHR AnalyticsRecruiting and Talent Acquisition and Strategic Human Resources Leadership.

Is It Time to Return to the Office?

Many Americans favor the flexibility that comes with working from home, a sentiment captured in recent surveys showing that more than two-thirds prefer remote work options, and nearly a third would willingly accept a lower salary to maintain this work style.

While introducing remote work or hybrid models can meet employee desires for greater autonomy, it raises concerns of potential disconnect, reduced team synergy and decreased retention rates. Employers are faced with the challenge of evolving a work environment that respects individual preferences and maintains the integrity and collaborative spirit of a cohesive workforce. Finding a balance is critical.

In a recent Keynote webcast, “Work from Wherever,” Nick Fabrizio, a distinguished senior lecturer at Cornell’s Jeb E. Brooks School of Public Policy, shared his views on the return-to-office debate and key perspectives of both employees and employers.

What are the main causes for dissatisfaction among remote employees?

Fabrizio: “In a new Gallup survey, it’s stated that only 28% of workers feel connected with the organization and that is at an all-time low. Last year it was 32%. You would think that with a variety of different work arrangements, people would be really satisfied. But in terms of being connected with the organization, it’s not there. And that should be alarming to organizations.

People complain that they don’t really know what’s going on in the company. They know what’s going on with their projects and their responsibilities, but they often feel they are losing connection to the whole organization.”

Why do companies want employees back in the office?

Fabrizio: “There are a few things that are complicating this. One is the feeling of disconnectedness at work, one is retention and another one is losing bright young workers because there is no process for them to be evaluated, connected and advanced in the organization. Organizations feel like they can’t create those opportunities being disconnected.

A lot of these organizations now are paying a lot of money in real estate for empty offices. That can’t continue. Some industries are going to force people back because of that. While others are going to force workers back because they are working on recruitment and retention, and others will force people back because they have a hybrid arrangement strategy.”

How can remote leadership be practiced in virtual work environments?

Fabrizio: “As an organization, what you want to create is touchpoints. Managers must deliberately try to create connections so that remote workers can make connections with other people in the organization.

There are five or six different modes for us to communicate, and some workers are saying they feel overwhelmed by that. Organizations should pick one method and do that. It’s very hard even for the worker then to realize and look at a Teams meeting at 3 p.m., [a client Zoom meeting] at 2 p.m., something else happening at 4 p.m., so they start to feel disconnected because there’s so many different mediums to keep track of.”

How can employers encourage productivity among remote employees?

Fabrizio: “Certainly not more forced interactions, but I think it’s the employee’s responsibility to be deliberate about keeping track of what they’ve accomplished. Sort of your value to the organization. It’s like a personal self-inventory of what you have accomplished, what you feel like you mean to the organization, how the organization is a benefit to you.”

Which work arrangement will become the new standard in the future?

Fabrizio: “I’m very effective working at home. Now, [I’m] hybrid, so I have that client-facing part of my work, but when I come back to the home office, I’m very productive.”

I think we’re going to quickly go to a hybrid scenario where better-performing organizations will have to define what their work arrangements are for different business units within the organization. I think organizations will have to do a better job of defining within the same organization what roles [will] be five days a week in office, two or three days in office and what roles are going to be completely remote.”

​​Discover how Cornell’s remote leadership and hybrid work strategy online certificate programs can make you a better manager and equip you with the competitive advantage needed in today’s evolving world of work.

This Q&A has been edited for length and clarity. Experience the full Keynote “Work from Wherever” online.

Content Writing certificate teaches leaders to engage and persuade

By Justin Heitzman, eCornell marketing intern

From internal planning documents to external media releases, a convincing piece of writing can be a key to success for business initiatives – and for the professionals who lead them.

Cornell’s Content Writing online certificate program, offered through eCornell, empowers students with techniques to present information succinctly and engage readers with actionable next steps. Lauren Chambliss, senior lecturer in the Department of Communication at Cornell’s College of Agriculture and Life Sciences, is the faculty author. Chambliss was a journalist for 20 years in Washington, D.C., before coming to Cornell. She previously served as director of communication for the Cornell Atkinson Center for Sustainability and now teaches full time.

In developing the certificate program, Chambliss noted a trend: Organizations expect professionals across career fields to take on – and excel in – writing-focused responsibilities. Recent studies on effective management, such as Google’s Project Oxygen, show that employers view strong communication skills as essential and closely associated with good leadership, no matter the sector.

“In today’s professional landscape, writing is not just a task for copywriters. It’s a valuable skill across various roles and industries,” Chambliss said. “Regardless of your job title, having a strong writing portfolio sets you apart, paves the way for career advancement and opens doors to leadership opportunities.”

Even standard presentations are being replaced with written content in some organizations. At Amazon, PowerPoint slides have been phased out in favor of six-page memos at executive meetings. The company’s leaders contend that the practice encourages employees to pack as much information as possible into their proposals, creating more convincing narratives.

Students earning Cornell’s Content Writing certificate complete two courses on conciseness and persuasiveness in copywriting and three courses on effective writing for digital contexts: websites, online media and social media. In addition to gaining an understanding of copywriting fundamentals, participants learn an increasingly important skill: content targeting. Students complete a variety of writing and self-editing exercises throughout the program, building toward a final project.

The program also offers a symposium: three days of live, interactive virtual sessions that enable students, Cornell faculty and industry experts to engage in real-time conversations about pressing topics in marketing and communications.

“Creating engaging, lively content across multiple platforms is critical in today’s professional world, whether you are a content creator, a business owner or a copywriter in a big company, government agency or non-profit,” Chambliss said. “Dynamic writing requires us to keep adapting and improving our skills.”

Cornell’s Content Writing certificate program prepares professionals to craft content that engages and persuades. Are you ready to discover current best practices for your business communications? Learn more and enroll now.

This story was drafted by eCornell marketing intern Justin Heitzman.

Crunching Numbers: Understanding the Power of Statistics

Hand holding pen pointing at graph

Imagine being able to transform raw data into actionable insights, shaping the direction of your business and your daily life. This power lies in understanding and applying statistics – the foundation of informed decision-making, the catalyst for impactful change and the key to unraveling the complexities of our world.

Cindy van Es, professor of practice at Cornell’s Dyson School of Applied Economics and Management and author of the Business Statistics certificate program, is expanding our comprehension of the study of statistics and its practical application in diverse fields. From agriculture to digital analytics, her work equips us with tools to navigate the complexity of both the corporate realm and our everyday lives, with statistics as our guide. Van Es shared her insights in the Keynote webcast “Statistics: What Everyone Should Know.”

How has statistics changed over the years?

“There are so many things after teaching it all these years, but . . . it’s present in every field these days. Even when I was going through education, it was very much the scientists, but it’s moved into so many fields now. The explosion I’ve seen over my career, from the very quantitative fields, to now: Every field has a metric. So it’s good to have a little idea of what goes behind some of these things.”

What are some surprising ways statistical information is used?

“When I think about the kinds of jobs my former students have now, they work for Airbnb, or Expedia, or Hilton or in finance. Even in marketing, now: A lot of stores will track your eyes . . . to see how long you look at a product, and they can correlate that data with the scanner data to see whether you bought it or not, and did the red label make you buy it more than the blue label . . . . There are experiments going on all around you, even when you’re not aware of it. Maybe you work in a nonprofit and you’re doing an amazing job, and it’s a very meaningful project, but in order to get funding, you may have to quantify why it’s amazing: What are the outcomes, and what are the metrics? There’s so much now: It’s kind of ubiquitous.” 

Which type of statistics is the most challenging to learn?

“Statistics has two branches: Descriptive and inferential. Descriptive is when you take a sample, you describe what you have and you ask the questions: Do I want to make a graph of this? Or do I want to make a table? Or calculate what we call ‘summary statistics?’ Most people are pretty good at that. Inferential is where you want to make an inference about a broader group, about a population. If you see a poll in the news, you’ll see a little plus-or-minus margin of error. That’s because they’re doing inferential statistics. When you see ‘this percent of people in the country think this,’ it’s based on a sample – so what you’re doing is making an inference. That part of statistics is a little harder for students and people in general, I think, because first of all, the language of inference is probability . . . understanding risk, understanding probabilities, the human mind really doesn’t think that way. So inferential is usually more challenging.”

Is artificial intelligence being used in statistical processes and interpretation of data?

“Each new technology – computers, and then supercomputers, and then desktops – influenced how people teach statistics and use techniques . . . . Now the merger is more with computer science and info science, as opposed to just being applied to agriculture, or medicine, or biology. Now the whole discipline is merging. Statistics hasn’t caught up with how to use [artificial intelligence] yet . . . statisticians are just starting to look at it.”

Harness the power of data interpretation in Cornell’s Business Statistics online certificate program. You’ll develop a dynamic set of skills that can heighten your confidence, fortify your decision-making, and catalyze meaningful change.

Drafted by eCornell writing intern Milan Lengyeltoti, with first round edits from marketing intern Justin Heitzman.

The Age of the Mompreneur: Empowering Working Mothers

Modern societal shifts and emerging trends in the startup ecosystem present new challenges and opportunities for women, particularly for mompreneurs – those juggling the responsibilities of motherhood and entrepreneurship. The success of early-stage enterprises founded and led by women depends greatly on dismantling systemic barriers, including the uneven distribution of venture capital.

In the recent Keynote webcast “The Boss of Me: Entrepreneurship and Motherhood,” Andrea Ippolito – CEO of SimpliFed, director of Women Entrepreneurs Cornell, and lecturer in the university’s engineering management program – shared her experiences as a mother and businesswoman, delivering compelling insights into what it takes for women to thrive as working mothers in today’s competitive, fast-paced labor market. 

How has the landscape of entrepreneurship changed for mompreneurs, particularly during and after the COVID-19 pandemic?

“What happened is that by forcing us to be at home, we showed folks that we can be effective and efficient, despite what some CEOs are saying. We actually saw an increase of women starting companies. When you look at 2019 compared to 2021, in 2019, there were a whole lot less women starting companies, 28%. Whereas during the pandemic, 49% of new companies were started by women. It was a much more flexible work environment.

Before the pandemic, it was all about meeting in person or working through stakeholder meetings in person. My journey looked a lot different than someone that was in their 20s, pre-kids, that could hustle 24/7. And don’t get me wrong, I hustle 24/7. My effectiveness and efficiency of working has always been pretty “right on” with having kids. But the time horizon has taken me a little longer.”

What are some of the largest hurdles working mothers encounter when trying to found a startup, and how does societal infrastructure play a part in this?

“The infrastructure is not in place to help support [founders], especially parents, whether that’s paid parental leave, universal child care support. There are so many things that we need to do as a society to better support entrepreneurs getting their organizations off the ground.

Startups founded by women are more profitable, and they exit faster. If you are an investor, it’s in your best performance interest for your fund to invest in women. If we want to have a more profitable economy, and we know that startups are the engine for that, then we need more folks participating. And the biggest pool of people we’re not taking advantage of right now is women. We need to rethink the structures to help support them.”

What are your secrets to striking a healthy work-life balance that comes with being a businesswoman and a mother?

“One of the things we see often is, especially for women that are parents, is they feel like they have to hide different parts of their life. For me, I have a five-year-old. I have a two-year-old and a T-minus five-week-old. And I don’t try to hide it. There are times where, yes, I don’t want them around because I want to focus 100%. But I also don’t try to hide it.

There’s this big misconception that people are taking off in the middle of the workday, and they’re not focused. The reality is that by giving folks a more flexible schedule, you actually get more out of them. They value their work. They’re aligned with your mission. But you’re also respecting them as a human being as well.”

Can you share your insights on the bias in investment toward women-led startups? How does this coincide with major life events like motherhood?

“We know that women [are] seen as less investable. There are tremendous biases out there, no doubt. And the research has shown that. One of the things that I feel very strongly about is that by the time a woman gets enough experience, expertise, and confidence, it’s around the same time that she’s having kids. One of the challenges is how do you start a company when you have this crazy unpredictable life of being a parent.

Venture capitalists have to raise money from somewhere. They have to raise money from what are called limited partners, or LPs. And those limited partners are pension funds, college endowments, sovereign wealth. And so we need folks like limited partners, like college endowments, to actually invest more in women-led funds.”

How can businesses better support working mothers, particularly with regards to incorporating child care into their business models?

“I think more and more, we need to have universal child care as a federally-funded entity. The companies that find ways to support child care or maybe fund it as a benefit will do better. And so I think there’s a responsibility of larger organizations to have this as a benefit. And then for, say, small businesses where they don’t have, frankly, those types of funds or resources, I do think [we need] a government federal response. It’s good for our economy. It pays for itself. It creates an engine in our economy.”

In a rapidly evolving entrepreneurial world, businesswomen are breaking down barriers, mastering the juggling act of work-life integration, and shaping business models to include family needs. Learn how to navigate a tech career as a woman leader in Cornell’s Women in Product certificate program, designed by Andrea Ippolito or gain a better understanding of funding models in Cornell’s Startup Funding and Finance certificate.

What is Your Style of Decision-Making? Strategize for Influence.

Imagine unlocking the secret to success in both business and day-to-day life. It’s all rooted in one critical talent: strategic decision-making – the essence of exceptional leadership, the engine driving meaningful change, and the spark igniting innovation.

Cheryl Strauss Einhorn, adjunct professor in Cornell’s SC Johnson College of Business, is a pioneer in shaping our understanding of this crucial skill. She is an accomplished author, educator, the creator of the AREA Method – a game-changing problem-solving approach – and the author of the Complex Decision-Making Cornell certificate program.

Her insights have reshaped how leaders steer their decision-making strategies and offer valuable lessons for navigating the complexity of the corporate world and your career.

Einhorn shared some key decision-making guidelines in a recent Keynotes webcast hosted by eCornell:

Understanding Strategic Choices

Einhorn believes that our problem-solving styles are behaviors with which we feel most adept and comfortable. She asserts, “we all have a comfort, a dominant problem solver profile. And we can all become more dynamic problem solvers.” This perspective champions the inherent adaptability within each of us to navigate different problem-solving styles.

The Adaptability of Problem-Solving Styles

Contrary to popular belief, problem-solving styles aren’t prescriptive. Instead, they offer space for adaptability and growth. Acknowledging our problem-solving styles provides a valuable opportunity for self-awareness and interpersonal development.

Einhorn defines five distinct styles of decision making that offer unique perspectives into the world of strategic problem solving:

The Adventurer: Einhorn describes the adventurer as “a very decisive decision maker. She knows what she wants. The future is endlessly more interesting than the present.”

The Detective: With a strong need for concrete evidence, the detective is “a slower decision maker because she wants to find data.”

The Listener: This style of decision maker is “relational, collaborative, trusting,” Eihorn said. “She emphasizes the importance of gathering input, and she likes to gather the wisdom and opinions of others.”

The Thinker: Someone who “values understanding the why and thinking about the different options.” This style represents a “thoughtful, careful decision maker.”

The Visionary: “A big, creative, out-of-the-box thinker.” Einhorn warns, however, that “this kind of decision maker could have a planning fallacy.” Visionaries can dream big and are often the source of innovative ideas, but they must stay grounded to avoid unrealistic expectations.

Decision-making styles are dynamic, changeable over time, and influenced by various factors such as age, experiences, and environments. For example, your style at work might differ from your style at home. Einhorn explains that you have the freedom to choose your problem-solving style based on the situation: “You could decide that you want to plan a meal as a visionary. You want to take a vacation as an adventurer. You want to buy insurance as a detective. And each of these opportunities are available to you once you understand the five different profiles.”

No “Perfect” Combination

Harnessing the power of strategic decision makers isn’t about achieving a “perfect” combination of problem-solving styles. The real value lies in understanding and leveraging diverse profiles to become more effective leaders.

Awareness of these profiles can offer insights into the kind of information each leader needs and highlight any cognitive biases that might obstruct effective problem solving. “You can learn what this means that you’re good at and the places where each of us might have mental mistakes that are most relevant to getting in our way. And then how we can make better choices together,” Einhorn said.

With this knowledge, we can fill gaps in perspective, ensure a more comprehensive understanding of situations, and contribute more effectively to collective problem-solving processes to foster strategic leadership and decision making.

In mastering the craft of strategic leadership, we pave our own route toward personal and professional achievement. Adopt an introspective approach and learn to leverage your unique problem-solving styles in Cornell’s Complex Decision-Making certificate program. You’ll gain a dynamic skill set to boost your confidence, empower your choices, and drive significant change in all aspects of your life.

Watch Einhorn’s Making Difficult Decisions Keynote webcast on the eCornell website.

Navigating the Future of Hospitality Management

Labor market shifts and workforce issues continue to challenge the hospitality industry due to the lingering effects of global travel restrictions and safety protocols during the COVID-19 pandemic. With decreased interest in hospitality jobs, many people exited the industry, creating a need for new talent and a push to bring back those who left. The profitability of travel and tourism businesses relies on how well hospitality leaders can address these issues.

In the Keynote webcast, “The Next 100 Years: Hospitality Workforce of Tomorrow,” industry experts J.D. Barnes, vice president of global workforce innovation and optimization at Hilton, and Katherine Grass, CEO of Optii, joined Cornell Nolan School of Hotel Administration faculty J. Bruce Tracey, professor of management; Vincent Slaugh, assistant professor of operations management and Tashlin Lakhani, assistant professor of management and organizations, to share valuable insights on adapting and thriving in the evolving landscape of human resources in the hospitality industry.

How have pandemic-induced labor market shifts transformed the landscape of HR in hospitality? 

Barnes: “The emerging trends around greater flexibility, the reset from the pandemic, the rise of the gig economy – all of these considerations are things that are now impacting the labor market. At Hilton, we’re keen on embedding greater flexibility, choice and control, bringing in the best talent and modernizing some of the roles and assignments within our hotels to make them more appealing to different generations.”

Grass: “It’s all about how to keep these new entrants into hospitality happy. How do you train them? How do you make things very easy for them? How do you engage in ways that maybe, as J.D. was saying, they were used to in other industries and offering that flexibility. And sometimes the challenge of hospitality is offering flexibility in new ways because you don’t always have that work-from-home option.”

What are some ways hospitality HR professionals can attract and retain talent?

Barnes: “We have an ability to bring in students who might not have traditionally looked at our employment because they can’t give up an eight-hour shift when they’re working in between classes or managing a workload. For them what’s important is a four, five, six-hour shift, which is why they may have looked at gig endeavors. And then similarly, (we have) encore retirees and people who have left the workforce but want some level of flexibility in between their retirement to pick up a different level of work.”

Lakhani:We really need to focus I think on the retention and the growth opportunities, telling the stories but also creating the stories, showing them that there are opportunities for growth and that they can see their colleague being promoted to positions, and that there is really a space for them to grow and have a lifelong career.”

Grass: “There’s all these different (talent) pools coming in who maybe are not familiar with hospitality, so how can you embrace them, how can you help them, how can you train them and bring them into the culture as quickly as possible?”

Which positions are first in line when it comes to redesigning work?

Barnes: “I do think that housekeeping, in particular, is one of the biggest areas in our hotels from a staffing perspective. If you look at the contribution that those team members make in terms of the guest experience and the amount of time they take in preparing a room, that experience is important.”

Lakhani: “Some of the most severe labor shortages are in housekeeping or in the back of the house – where we can’t create hybrid work.”

Barnes: “The more information we can gather ahead of the arrival of the customer, the more we can infuse that into the actions that our team members take in delivering that service and experience. Technology is playing a big part in making sure that it’s seamless, that it’s fast, and that the preferences are known.”

What are the influences of AI and other technologies on hospitality management?

Barnes: “We’ve incorporated AI from a training perspective in our ability to use virtual reality in helping team members understand what their duties are, how to personalize services, the sequence of steps and things like that. It’s really interesting for us to think about how we’ve morphed training across some of our hotels.”

Slaugh: “I think we completely miss frontline service work as a domain for analytics. There’s a lot of opportunity for growth. In recent years, I’ve worked on a hotel’s housekeeping scheduling problem. And that’s just a new model for our field.”

Barnes: “Things like text messaging recruiting. A lot of this AI technology is coming in here. Being able to schedule a candidate and say, hey, come in three days. We’ll be able to interview you in person. We’ve got to modernize a lot of that approach to recruiting.”

Grass: “Just even the diversity on the language front when you are managing departments: There can be a dozen languages spoken, so how does your software in real time translate conversations for them? We ensure that we do inline and real-time translations so that if a team leader is communicating something in Spanish, everyone is receiving that in their (preferred) language. All those communications are happening in real time. It’s giving that sense of community and ensuring that everyone has a voice and can make that voice be completely understood.”

How can leaders in hospitality increase the industry’s appeal?

Lakhani: “We’ve seen innovation. We’ve seen compensation go up. But I think there’s still work to be done in terms of changing the perception of what it means to work in hospitality.”

Grass: “When you have this personal connection and personal interaction, (you ask) how can the technologies help me eliminate or simplify the rinse-and-repeat that gets a bit monotonous, especially for people who are new to an industry and step in and say, ‘Oh, this is really kind of same-old, same-old every day.’ How can you smarten up and remove that monotonous bit to allow people to have more quality time to interact with the guest in better ways?”

Barnes: “The greater desire is for us to continue to emphasize that life doesn’t have to fit into work, that work should fit into your life. And so enabling that functionality, enabling that choice and control for our team members across all our hotels. It’s also the flexibility of allowing that choice and control for the team member and for them to inform us about what works for them.”

Explore Cornell’s hospitality certificate programs to gain an edge in today’s transforming industry and prepare for the workforce of tomorrow.

This Q&A has been edited for length and clarity. Experience the full webcast “The Next 100 Years: Hospitality Workforce of Tomorrow” here.

4 Ways to Leverage AI in Your Corporate Strategy

Rendering of pathways in the human brain with a lighted background

With the swift expansion of artificial intelligence, automation tools are now readily available to corporations and consumers alike. Companies are integrating new technologies to avoid falling behind their competition and appearing out of touch with trends that matter to their employees and customers.

But the steps to incorporate and embrace emerging tech can be challenging. Expert faculty from the Graduate School of Management at Cornell’s SC Johnson College of Business identified four best practices senior executives can employ to capitalize on advancements in AI and dodge common pitfalls.

1. Innovate early – with startup partners.

In its 2022 Global AI Adoption Index, IBM reported that 35 percent of companies were using AI and 42 percent were exploring AI for future implementation. Findings from Grand View Research indicate this tech adoption will drive the market size to $1.8 billion in revenue within seven years. To remain competitive in this environment, leaders can collaborate across companies to use AI in ways that set them apart from major rivals.

Swift changes in tech-driven markets demand innovation and adaptation, but many businesses are optimized to resist change rather than embrace it, leading to fewer risks – and rewards. The hesitation to adopt can be a danger to the bottom line.

“Executives can avoid this stumbling block by implementing agile methods and building mutually beneficial partnerships with startups driving innovation in their areas of need,” said Stephen Sauer, senior lecturer of management and organizations and Entrepreneur in Residence for the college. “Established companies can benefit from the tech experimentation that is more common in newer businesses while giving these partners the wisdom of experience.”

Karan Girotra, Charles H. Dyson Family professor of technology and management, adds that when tech advances rapidly in times of political and socioeconomic uncertainty, leaders can underestimate the rate of change and overestimate the ability of past expertise in helping them tackle the environment.

“Executives need to adopt a learn-it-all, not a know-it-all, mindset. Leaders need to embrace smart, cheap and fast experimentation to try out many new initiatives and learn fast,” Girotra said.

2. Choose accuracy over convenience.

Information may be more accessible than ever, but discerning fact from fiction grows more difficult each day. The convenience and speed of generative AI make it easier for audiences to accept and share information without examination. However, the perils of using incorrect data, which range from operational shortfalls and security threats to public relations crises and financial losses, can ruin organizations.

“The increasing amounts of misinformation with which we are all confronted today – including from AI errors – can undermine our problem-solving efforts,” said Risa Mish, professor of practice of management. “Now, more than ever, leaders must be able to guide their teams in understanding what we know versus what we are assuming we know.”

According to Mish, AI exists to help us tackle complex issues in a way that balances efficiency, thoroughness and accuracy, but leaders should be willing to learn how to apply the technology responsibly.

“Corporate decision-makers should first work to comprehend core AI concepts. Then start with small-scale projects to test the tech in their operations,” Mish said. “This requires leaders to build cross-functional teams that understand the organization’s strategy and can align AI with goals.”

3. Recognize your biases.

Incorporating machine intelligence into business operations may require leaders to reassess their approach to corporate ethics. AI systems operate on data provided by humans and can perpetuate prejudices as a result. If not carefully monitored, this can lead to unfair outcomes for workers, customers and other stakeholders.

“Leaders need to be aware that we are all susceptible to biases which can negatively impact our decision-making and behavior. We naturally look for, remember, favor and interpret information in a way that confirms our previously held beliefs or values. We also discount or reject information that runs counter to these beliefs and values,” said Michelle Duguid, associate professor and associate dean of diversity, inclusion and belonging.

While AI can expedite decision-making for hiring, business forecasting, surveillance and more, Duguid encourages senior executives and their teams to take precautions against complacency. Instead, firms can develop quality assurance processes to ensure automated outputs meet their corporate standards.

“Senior executives need to be able to think strategically about potential risks and challenges, and make informed decisions that align with the company’s overall goals and values,” said Sauer. “Strategic thinking is a team effort, and the more leaders are able to build teams with diverse opinions and experiences – what we call ‘heterogeneous task cognition’ – the more successful they will be in combating any biases that might creep in with the use of AI and other digital technologies.”

4. Use AI as a supplement, not a replacement.

More than 40% of business owners are concerned about an overdependence on AI, according to a recent Forbes Advisor survey. Automation has the potential to replace human workers in certain roles, leading to job displacement, changes in employment patterns and economic disruption.

“Advances in AI and other digital technologies present businesses with a once-in-a-generation opportunity to reinvent their products and processes,” said Girotra. “At the same time, there are several pitfalls – technologies that do not live up to their promise, new business models that have no feasible path to profitability, the large negative externalities that these innovations place on society. Businesses that blindly embrace these opportunities, or those that are paralyzed by the pitfalls, are unlikely to survive.”

Looking at AI as a tool with capabilities and limits, and creating a builder culture, Girotra says, is key in taking advantage of the opportunities.

Elizabeth Mannix, Ann Whitney Olin professor of management agrees. When leaders have self-awareness of their own strengths and weaknesses – and they are cognizant of their impact on others – they can lead with intention and create an environment in which their team members can thrive alongside AI.”

 

Faculty from Cornell University have designed online certificate programs on a variety of in-demand leadership, technology, business and finance topics, including change management and digital transformation. An AI strategy certificate from the SC Johnson College of Business is also available online through eCornell.

New Cornell certificate emphasizes dialogue in DEI

Photo of group dialogue with one young woman facing camera.

In 2020, hiring for diversity, equity and inclusion roles surged. According to the Society for Human Resource Management, three years later – amid recession fears – companies are cutting DEI leadership positions at a rapid and disproportionate rate, leaving practitioners to seek new ways of continuing efforts to create welcoming work environments.

Dialogue for Change, a new online certificate program from Cornell’s School of Industrial and Labor Relations and the Intergroup Dialogue Project (IDP) delivered through eCornell, provides a fresh approach to DEI for team managers and supervisors, executives and all employees interested in building equitable cultures.

“The certificate focuses on four key development areas: human connection, social identity, intergroup communication and strategic change,” said Adi Grabiner-Keinan, executive director for academic DEI education and director of the IDP. “Our goals are to develop participants’ awareness around the four development areas and to strengthen their capacity to make meaningful change at personal, interpersonal and institutional levels.”

Together with Lisa Nishii, vice provost for undergraduate education and professor in the Cornell ILR School, Grabiner-Keinan is co-author of the Dialogue for Change certificate. The duo intends for the program to help professionals promote sustainable institutional change no matter their position on the organizational chart.

In three courses – Counteracting Unconscious Bias, Dialogue Across Difference and Strategic Influence – participants learn and practice skills for intentional connection and communication, and examine ways to impact change in different spheres of influence, including within their teams and organizations. These skills, according to Grabiner-Keinan, are crucial well beyond the field of DEI.

“Skills such as active and generative listening, strategic questioning, purposeful sharing, perspective-taking, withholding judgment and questioning assumptions allow us to lead, communicate and collaborate effectively,” Grabiner-Keinan said. “They enable us to broaden our perspective, learn from a variety of people and situations, bring people together, think creatively and create meaning and vision. Unfortunately, such skills are seldom taught in schools or colleges.”

Dialogue for Change engages students in weekly live sessions. Trained IDP facilitators guide participants through practice conversations within small groups of experts and peers. Each dialogue builds on earlier coursework, enabling the cohort to use new knowledge in real time. Students who complete the program earn professional development credit hours toward human resources and project management certifications.

Each student who earns the Dialogue for Change certificate, Grabiner-Keinan says, will recognize their power to foster inclusion, connection and equity in any role. “An integral part of this program is to identify the agency and responsibility that each of us has. It’s true that leaders and supervisors have more power in institutions, but this program helps people understand that they all have power to make change interpersonally and institutionally within their workplaces.”

The Dialogue for Change certificate program is now enrolling students. Visit the program website to learn more.

Crypto Regulation: Can Securities Laws Keep Pace with Innovation?

Nearly everyone agrees that the crypto asset market needs more robust regulation, but there is much disagreement about what the laws should look like as well as who should be legislating and enforcing them.

One key concern is whether crypto assets are commodities or securities, which raises crucial issues about which governing organization should be responsible for oversight and enforcement. Additionally, laws are struggling to keep pace with technological innovation, thereby increasing the potential for scams, fraud and poor practice.

Charles Whitehead, Myron C. Taylor Alumni Professor of Business Law at Cornell Law School and author of Cornell’s Securities Law certificate, discussed the shifting regulatory environment around crypto and what’s next for the revolutionary technology in a recent webcast, “Crypto Regulation: Can Securities Laws Keep Pace with Innovation?”

In the U.S., there are several regulatory bodies overseeing crypto assets. Does this make sense, and if not, why?

It’s referred to as the regulatory alphabet here in the United States: SEC (U.S. Securities and Exchange Commission), CFTC (Commodity Futures Trading Commission), OCC (Office of the Comptroller of the Currency), CFPB (Consumer Financial Protection Bureau). It’s a reflection of the way in which we think historically about how to regulate the industry. The problem is that over time the historical distinctions have fallen away. What may or may not be a banking practice can now pop up in the securities industry. The way we think about regulation and the industry has changed over time, largely reflecting the innovation in the industry itself. Crypto is highlighting a fundamental flaw with the U.S approach to financial regulation, which is that we don’t have a central regulator.

There needs to be a focus on anti-fraud. There needs to be a focus on protecting consumers. The real debate is who is going to do this. I would suggest it’s the SEC.

Why is the SEC uniquely positioned to oversee this?

The SEC is a consumer financial regulator. Their fundamental goal is to protect consumers. They were set up with a view toward protecting retail investors. The regulations that the SEC has for broker dealers, exchanges and people that take custody of these assets were intended to protect investors against the things that you see with FTX: people losing money and the scams that are out there right now. The SEC already has a toolkit, and it makes sense for the SEC to pick this up.

Is crypto more like a currency than a security? It seems like that is how it’s being used or advertised. Why not categorize it that way?

If I were taking crypto and buying a sandwich with it, that would look much more like a currency. That is something that really doesn’t need the protections of the securities laws. To the extent that it’s being used as a way to promote investment, it begins to look a lot more like a security.

Crypto assets are used primarily as speculative investments, which is not in line with the stated vision of most projects out there. How should regulators navigate this?

The whole rationale behind crypto assets was decentralization — a way to create a non-centralized, non-government-controlled medium of exchange across multiple parties. The vision was that it would provide banking attributes without necessarily having a bank, that you’d be able to use crypto assets as a means to support parts of the community that otherwise were not being properly supported by the financial industry. That’s largely not been the case. You can argue that in some cases people pursuing crypto deals are taking advantage of the folks that crypto initially was intended to support.

There will come a time when crypto will begin to look more like a commodity or more like a currency. In that case, the need for regulation drops away. We’re just not there yet. There should be a regulator focused on consumer protection precisely because of the scams.

One of the throughlines here is technological innovation. Law is unable to keep pace, and that creates an environment with increasing potential for fraud like what we saw with Sam Bankman-Fried, the founder and CEO of the cryptocurrency exchange FTX.

FTX is a huge blow to the integrity of the industry just because FTX was viewed as the safe place in which you could do trading activity. The other part is it was done offshore in the Bahamas, so it was being done away from the direct regulatory oversight that you might otherwise see. A large part of what was happening there would have been either prohibited or regulated were we to treat these underlying instruments as securities.

You can’t trust the markets to police themselves. This is a common view that the market will police itself, and that if there had been a problem with FTX, it would have been uncovered much earlier because the market or participants in the market would have seen this. In an enthusiastic market like crypto, you don’t see that type of oversight.

As of August 2022, whitehouse.gov. tells us that the estimates of the total global electricity usage for crypto assets are between 120 and 240 billion kilowatt hours per year. Is there any push to regulate this side of things?

There already are rules in place and government groups like the Department of Energy and the Environmental Protection Agency that have the ability to step in, look at the issues and potentially regulate the usage of electricity, consistent with their mandate for environmental protection and energy conservation.

I would ask not whether we should look at this but whether we’re being broad enough. If electricity is an issue and energy is an issue for crypto, let’s look at the New York Stock Exchange and stocks and bonds that are trading. I believe there are huge amounts of energy being expended there as well.

Want more? Explore Charles Whitehead’s Securities Law certificate program delivered by eCornell.

This post has been edited for length and clarity.

Hear more from Whitehead in the webcast “Crypto Regulation: Can Securities Laws Keep Pace with Innovation?”