In short
Microsoft’s “voluntary” one-time retirement for certain US employees (age + years of service = 70+), NVIDIA’s reported leadership practices after hitting $5T valuation, and whether the Kubler-Ross change curve is supported by research; plus a “truth or lie” on employee wellbeing spending and a workplace surgery on office mandates and toxic top performers.
Guest backgrounds
Matt Furness is a business psychologist/behavior scientist and founder of CLIC, a behavioral science consultancy (left EY in 2023). He has worked with Primark, BDO, Accenture, EY, Société Générale.
Key claims
Microsoft’s program may be a rebranding of workforce reshaping targeting older, long-tenured staff; NVIDIA’s approach (equal cash bonuses for top executives, no 1:1s, minimal management overhead, no performance reviews beyond annual docs) is presented as a high-trust alternative; the Kubler-Ross “change curve” is largely unsupported and can become a self-fulfilling prophecy for leaders.
Notable examples
Microsoft excludes sales incentive plan participants; Matt cites a 2011 review (79 studies) and studies by Wurtman & Silva (1989) and later work (2007) finding no universal stage sequence. Workplace surgery: disengagement under forced return-to-office; “toxic superstar” protection is rejected because incivility drives losses and morale damage.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOExploring Microsoft's Retirement Program
1:23 to 1:42
Discussion on Microsoft's voluntary retirement program and its implications for older employees.
“Brought to you by the HubSpot Podcast Network, the audio destination for business professionals.”
Concerns about Workforce Reshaping
1:42 to 2:26
The hosts express concerns about whether the retirement program is a genuine choice or a strategy to reshape the workforce.
“We'll be right back after a quick word from our sponsors.”
Listener Interaction and Podcast Rivalry
2:44 to 3:22
The hosts discuss listener feedback and the emergence of a competing podcast by Adam Grant.
“He said basically this person should play you in the biopic.”
Cringeworthy Influencer Encounter
3:22 to 5:00
A humorous recount of an encounter with an influencer that raises ethical questions about advice given to strangers.
“It's actually knocked Adam Grant off his podcast Listenlist.”
The Impact of Corporate Changes
5:00 to 7:20
Discussion around changes in Microsoft's employee benefits and performance reviews amid AI developments.
“So yeah, no, I haven't listened to it yet, but it was actually Dr.”
Voluntary Retirement vs. Age Discrimination
7:20 to 10:03
Explores the implications of Microsoft's voluntary retirement on older employees and potential age discrimination.
“So I thought that was really cringe and I wanted to share it.”
Concerns about Microsoft's Voluntary Retirement Program
14:02 to 17:06
Discussion on the implications of Microsoft's voluntary retirement program for employees over 50.
“which is what that fabulous CV on a resume or whatever you want to call it, bio on LinkedIn.”
Critique of Microsoft's Messaging on Employee Value
17:07 to 18:56
Exploration of how Microsoft's retirement program might suggest a lack of value placed on older employees.
“And then I always forget the new Microsoft CEO's name.”
NVIDIA's Equal Pay Structure for Executives
19:14 to 22:27
Discussion about NVIDIA's approach to executive compensation and company structure.
“So this CEO pays his top executives the exact same dollar amount.”
The Management Style of Jensen Huang
22:28 to 24:37
Analysis of Jensen Huang's unconventional management techniques at NVIDIA.
“Jensen runs the same headcount with essentially none of that.”
Show all 22 chapters
The Importance of Employee Development for Wellbeing
24:38 to 28:00
Discussion on how investing in employee development can enhance wellbeing and retention.
“Are companies actually missing the one wellbeing investment that actually works?”
Importance of Recognition in Workplace Culture
28:00 to 28:52
Learn about the foundational elements of a strong workplace culture, with a focus on recognition's role.
“I mean, there's the seven basic foundations of an amazing workplace culture.”
Examining the Kubler-Ross Change Curve
31:00 to 36:54
Explore the origins and implications of the Kubler-Ross change curve in workplace settings.
“It's often referred to as the stage of grief.”
Critique of the Change Curve Model
36:55 to 41:08
Understand the limitations of the Kubler-Ross model regarding human responses to change.
“Elizabeth Kubler-Ross noticed that this sequence was perhaps a common one.”
Organizational Expectations and Stages
42:00 to 42:18
Understanding how organizations navigate change and expectations during transitions.
“so you can't expect an organisation to follow this roadmap of, like, this is how they're going to react.”
Workplace Surgery: Addressing Employee Disengagement
42:40 to 45:54
Discussing symptoms of employee disengagement and strategies to cope.
Handling Toxic Top Performers
45:54 to 50:00
Exploring the challenges of retaining toxic employees despite their performance.
“So this person says, I've got a salesperson who brings in a huge chunk of our revenue, but they're widely seen as difficult to work with.”
Culture vs. Compensation in Small Businesses
50:00 to 54:00
Evaluating the impact of culture when competing against larger companies for talent.
“So look at the commercial aspect first of all.”
The Maturity of Small Businesses
54:00 to 56:00
Understanding the growth phases of small businesses and their workforce challenges.
“Yeah, I'm going to do exactly, yeah, pick up exactly what you just said there.”
Addressing Limiting Beliefs in Business
56:00 to 57:19
Explore how self-limiting beliefs can hinder business growth and employee satisfaction.
Previewing the Next Episode with Thomas Waits
57:20 to 57:46
A sneak peek into an upcoming episode featuring sales trainer Thomas Waits.
“And I think being really frank, and I say this with a lot of love, but I think you have a small business mindset that you will go, we'll never make any money.”
Teasers for Upcoming Content
57:47 to 59:25
Discussion about future episodes, including a bonus episode on AI and critical thinking.
“And also, bless him, I think we recorded this about eight weeks ago because we've got a bit of a backlog and he's been so patient.”
Transcript
Automatic transcript. May contain errors.0:01Coming up this week in work. Microsoft have just launched a one-time retirement program targeting employees whose age plus years of service equals 70 or more. They're calling it voluntary, giving people the option to leave on their own terms. But is this genuinely a choice or is it a sneaky way of reshaping the workforce? I'm a bit concerned about that. I'm pretty sure I'm on 100 if you add those two things up. What if everything you knew about managing people is completely wrong? What if you didn't have one-to-ones? What if there wasn't identical pay for everyone at the top? And what if you didn't have 55 direct reports?
0:38I mean, this sounds like a complete disaster, doesn't it? Well, the CEO running this system just hit a valuation of$5 trillion. Yes, with a T,$5 trillion. So maybe he knows something the rest of us don't. And in truth or lie, the Kubler-Ross change curve. Five neat stages that supposedly explain how people move through grief or major change. but does the research actually back it up? Well, we have got a very special guest leading us through the research. Matt Furness, business psychologist and founder of Clip. And in the workplace surgery, one small business owner is losing good people to bigger companies who are offering more money and better benefits.
1:14They're starting to wonder, at what point is culture a genuine differentiator? This is Truth, Lies & Work, the award-winning podcast where behavioural science meets workplace culture. Brought to you by the HubSpot Podcast Network, the audio destination for business professionals. My name is Al, I'm a business owner, and I'm here to ask the questions you might be afraid to. My name is Leanne, I'm a Chartered Occupational Psychologist, and I'm here to answer them. And together, we help you simplify the science of work and build amazing workplace coaches. If you've listened before, have a guess what I'm about to say.
1:43We'll be right back after a quick word from our sponsors. Yes, you were right. You know that feeling when you've decided on a content strategy. The brief is written, everyone's aligned, and you realise someone still has to sit down and actually create all this content. That someone is you and it's due tomorrow. That someone is often me. But luckily, Bree's assistant can help. It works right inside HubSpot, drafting campaign copy and blog posts and emails, all in your brand voice. It's grounded in your actual customer data too. So you don't just create content, you create content that converts.
2:16What a line. Check out HubSpot.com, the agentic customer platform for growing businesses.
2:25Hello, welcome back. Welcome back. By the way, if you're listening, Richard, I have seen your email. I'm so sorry. It was sunny over the weekend. There was beer in the fridge. I sat and I should have answered your email, but instead I read a really rubbish book on my Kindle and drank a few beers. So sorry. I will get back to you, I promise, because he sent a really nice email. Do you remember he sent it last week? Yes. Well, he's now sent an email. He said basically this person should play you in the biopic. and I was expecting, you know that weird guy from Afterlife with glasses and the beard who goes, oh, I know.
3:00But it wasn't. It was a really good looking guy. Well, you are a good looking guy, my love. As my mother used to say, a face perfect for podcasts. Anyway, Lee, what else is going on? Hello, Pat. Well, speaking of Richard, for anyone who didn't listen last week and you're wondering what the heck we're talking about, we've got a lovely listener and upcoming guest called Richard Clarke and he was telling us about how much he loves Truth and Lies. It's actually knocked Adam Grant off his podcast Listenlist. And I found this very, very exciting. Until this morning. Oh, no. Because I think Adam got wind of this.
3:32He's a listener. I know that. I know that much. I think Adam heard this and was like, right, well, I'm going to have to up my game if I'm going to get Richard back as a listener. Do you know what he's doing? What? He's starting another podcast. What? Yeah. It's called the Curiosity Shop. But do you know what Adam has done? What? He's taken from our format, and he's got himself a co-host. Do you know who that co-host is? No. Brene Brown. Oh, for God's sake. We're screwed. Richard, we wish you well. Good luck. I'll see you over there. Yeah. Oh, God. It's like one of those things, you just go, sigh, okay, subscribe.
4:11Yeah, yeah, yeah. Yeah, yeah, yeah. Oh, screw you, Adam. Actually, again, hoping I don't get clipped on. like last week i was clip saying and so steve steve jobs came on stage hoping i don't get saying screw you adam because that's not that that's it we take huge amount of inspiration from him but we also yeah we do we also have been campaigning to get him on the show for quite some time to come on and sort it out adam tell me is your podcast the number one podcast in management in the uk it's not right now al because we are thank you everyone thank you thank Thank you, thank you. Thank you to that person who I spoke to and said, what can I do to make your podcast better, to help?
4:50And I said, well, you could probably just... Listen to it. Yeah, I said, just press play and play all our episodes over and over again for the next three weeks. Including the ads. Including the ads. And I believe they've done that, so thank you for that. Well, thank you. Thank you, everyone. So yeah, no, I haven't listened to it yet, but it was actually Dr. Hayley Lewis who was saying how much she very, well, she very much enjoyed the new podcast, The Curiosity Shop. How dare you. Well, she's not contractually bound only like us whatever it's called bound friendship bound we don't hold our friends to that no we want more good podcasts in the world it's just really hard to take when it's some two very heavy hitters that are in your category but I'll go listen I'll report back next week I have a feeling I'm going to like it talking of reporting Leanne I think it's time for your favourite no I've got something else for you I've got something else for you in case anyone wondered whether this was scripted or rehearsed no clearly not what have you got Leanne?
5:44Um, so, right, you know Simon Squibb? Oh, but he's a what? No. Have you got a dream? Oh, is he the stepladder guy? The ladder guy? No, tell me who Simon Squibb is. The career ladder guy. I love that guy. No, tell me who Simon Squibb is. You know Simon Squibb. You've got his book. British guy. Do you have a dream? Oh, yes. He built a weird little thing with a staircase or something. Do you know what? I have no idea what Simon Squibb has actually done, other than he's a successful entrepreneur. Right. Who now asks people if they have a dream, and he tries to help them, which I admire, but he sometimes come across as a little bit arrogant.
6:16Right. A little bit pushy. We all need a bit of a push from time to time but I saw this and it's the most cringeworthy video I've seen for some time. So I'm going to play it to you and I want you to know what you think. You ready? Yeah, we're going to do it the proper way where you'll edit it in or are you just going to play it through your microphone? No, I'm just going to play it through my microphone. It's just easier in post. Terrible.
6:35Matt Furness:Excuse me. Get off your phone and I've got an important question to ask you. What's your dream? Living my dream. Are you? How are you living here? What is it? Nice truck, by the way. Thanks. I'm writing books, making podcasts, helping the world. Living my dream. I've got 15 million followers online. I can help you out. I know it's hard to get a book out there and people might not have heard of it. What's the name of your book? The Subtle Art and Not Giving a Fuck. I'm sorry. He just, Mark, Mark, Mark, what's his called? Yes. Oh, no. And he didn't recognize him. He did not recognize him. yeah Mark Mark Manson Manson Marilyn's brother yeah oh my god oh that's awkward wait for it wait for it that is quite a well known book what's the number one thing you can teach people about not giving a fuck what do you think it is well the way they're not giving a fuck about something is to find something more important to give a fuck about have you got time to come on my podcast and like break down exactly what you mean now it turns out I think this was a this was like a a promo jokey video because he now is on his podcast but i just but i have also seen him do it other times i saw him do it to a um a woman who was sat reading a children's book to her daughter and he was just like what's this book you know why don't you write your own book of this what you're into and she's like it is my book and worse than that it was like some kind of brilliant NGO that's like helping kids all over the world to read and stuff.
8:10So I thought that was really cringe and I wanted to share it. Can you imagine going up to somebody if it was real? I have a feeling it wasn't. It could have been. We were talking about this the other night, that, you know, you see a street busker doing a bit of Teddy Swims cover and then Teddy Swims happens to walk by because he's on his way to go and post a letter or something, post Malona letter. And you're like, come on now. And he's like, would you like to sing? and he's like yeah go on i'll give it a go and it's like oh man yeah it is funny though it's happened to me only once when i was and quite recently actually you know i went back for that um what's it called a baby shower oh yeah i ended up going out with with a friend and having too many cocktails hello hi laura um but i was there was a guy who was a friend who was chatting on my friend because she's single and fabulous so i was just basically like just spare wheeling at that point so i was chatting to him he was just i was like what do you do and he started talking about how he was a chef and how he's had to make some really big life adjustments because it's a very stressful job and he experienced a lot of anxiety and blah blah so he actually just recently cut down his hours and he's focusing more on the type of food he wants to cook and the type of impact he wants to have and do the sustainability blah blah i'm probably talking for about 10 minutes so that's really interesting he went what do you do i was like i'm a psychologist he was like oh am i doing the right thing i was like dude i don't know i've only just met you but yeah it sounds good good for you when i first met leanna and i very first day i've said this to the pod before very first day i started to explain to leanna what i just learned about body language and she's like yeah i know i'm a psychologist and i was like it wasn't that i said what do you do and i was like i'm studying my master's in organizational psychology and you went oh No.
9:50No. Lee, what have you seen? Oh, we need to do a jingle. Let's do a jingle. Yeah, cue the jingle out. Time for the news roundup, my favourite time of the week. Yay! Okay, cue the jingle, cue the jingle. Lee, what have you seen? Is Microsoft encouraging older workers to leave? Yes. Yeah, props. That's what I saw. Definitely encouraging spouses of CEOs and owners to leave. Yeah. But behind you, that sounds like it might be a darker thing that's going to come out than wash. So leave that alone. Microsoft and their workers. We'll circle back to that. We'll leave that on an island on its own. Maybe.
10:22Okay. I need to give a shout out to Maureen Wiley-Clough. What a name, Maureen. So many great names. Mo, I love your name. Maureen, I saw this on LinkedIn. She posted about this and I went and found the original article from CNBC. And it's basically about how Microsoft is currently managing its workforce, workforce given the rise of AI. So the company is launching a one-time retirement program. It's the first of its kind and it is aimed at very specific employees. It's open to US staff at senior director level and below, where their age plus years of service adds up to 70 or more. So clearly targeting long tenure, more experience, they say.
11:06Let's be honest, older employees. Hold on, does the maths work there? Because if I'm 40 and I've been working for Microsoft likely for 20 years, that's not me. Oh, now I get it. You get it? That penny just dropped, my friend. Did you actually hear the penny drop? Oh, I see. So we're talking 50 is basically what we're saying. Is that right? Okay. Yeah. I love how real-time listeners got to see how stupid I was. And by the way, I did a maths degree. Okay, carry on. So around 7 % of the US workforce could be eligible, although that figure hasn't been formally confirmed. Microsoft says the intention is to give people the option to leave on their own terms with company support rather than forcing redundancies.
11:53Eligible employees will receive more details apparently in early May. And notably, those on sales incentive plans won't be included. Oh, those clever, pesky little senior executives there. The people that are bringing in the revenue won't be affected. Nice. At the same time, the company is making a separate change to how people are rewarded. So Microsoft are decoupling stock awards from cash bonuses in its annual performance process, which apparently gives managers more flexibility to reward high performers. It's also apparently simplifying performance reviews and reducing the number of pay options that managers can choose from.
12:29But of course, all this is happening against the context of a backdrop of AI. So Microsoft, like the rest of the tech sector, is heavily investing in AI infrastructure and data centers, while parts of the traditional software workforce are facing disruption. On the surface, yeah, it's a voluntary program. You know, it gives people control. But if we step back, I think there's some bigger questions, Al. And I'm not sure at this point you're going to be that surprised by what they are. Yeah. Is this a way of just reshaping the workforce in a way that targets older employees? And if the company does do that, what institutional knowledge are we going to lose from our senior members of staff?
13:15And more importantly, what does this say about the value of older employees in the world of work? Thoughts? this immediately sounds like someone in marketing has got involved in this because this is a very clever rebrand of voluntary retirement this is all it is is saying do you want do you want to retire yeah okay and it's just but what what is quite clever about it is that it makes people first of all it's very specific so it talks to a very specific type of person even though it doesn't it's very clever because it actually you can actually go oh wait you just just you know I'll arrange people.
13:50So it's that. Secondly, it makes people realize how long they've spent there, which is a clever way of doing it. Yeah, I have put in 25 years. Maybe it is time that I went and become a goose farmer, which is what that fabulous CV on a resume or whatever you want to call it, bio on LinkedIn. And it's got like someone who was at Microsoft for 26 years. And he's like, and then you just see all these positions they took. So like head of this, head of that, VP of this, VP of that, senior VP of this. and it just said, goose farmer. Amazing God, I've had enough. You know that meme where it's got the guy who just throws all the papers to the floor and goes, F this shit.
14:27Yeah, yeah. And thirdly, does it get round the legalities of saying we want to get rid of everyone who's over the age of 50? Well, I guess it must have in the US for them to be able to put it in place anyway. See, now what's interesting about people, I'm sure a lot of people know this, but Bill Gates' dad was a lawyer. and so you can tell a big bill date bill gates dad was a lawyer was because when you used to get the microsoft pack of discs floppy discs 3.5 inch hard disk drives 3.5 inch discs you used to open it and i had a bit of a sticker on there going by opening this packet you accept all our terms and conditions you didn't have to take anything you basically as soon as you ripped open that packet you were microsoft had you owned you owned you and i think this is a kind of similar thing where They've gone very clever going, ah, I'm just kidding.
15:19Anyway, sorry. Tell us what really is going on rather than my just rambles. I think what you've said, it's what my concern is, because on paper it's like, yeah, for some people this could be a really great thing. It could be that people are thinking about being goose farmers, but don't have necessarily the funds and this payout could give them the resources and means and run away that they need to go and pursue their dream and their meaningful work now they are in the later stage of their career. but there is going to be probably a larger percentage of people who are quite happy in their job because this isn't like this is below senior or scene director and below so it's not like the super high levels it's those people that have reached the level they're comfortable with are enjoying their work and let's be honest if you work for a company like Microsoft is a huge part of their identity particularly with them with the company for a number of years probably in this case at least 10 plus so I just worry that actually for those people there's not going to be any wraparound care in terms of how you're actually going to manage this because there's a long way to go between 50 and proper retirement especially these days so i don't think it's necessarily a bad idea but i would feel more i'd feel more reassured if this was opened out as more of a voluntary redundancy program rather than voluntary retirement i think it gives a very clear message what tech companies think of older employees i think i'd also be much more reassured if this is part of something bigger in terms of wraparound, what is meaningful work to you, coaching type, is it entrepreneurialism, is it that you've smashed your savings and you can actually afford to retire at 52?
16:55I just think it's sending out some messages. And the real concern for me is that Microsoft is a key tech company, isn't it, that leads the way. I can see this rippling in other organizations doing this. And essentially what it is, is a very clever way of getting rid of people 50 55 plus do you know as you were saying that i was just thinking wouldn't it be maybe it'll be fun maybe it's stupid but maybe it'd be fun if you just went instead of saying this you go if anyone's over the age of 50 and they've thought about doing something different so for example bill gates does support a lot of like ecological things and say you want to do something that's around the environment something that's around like farming whatever if you send in your pitch then we will fund your first two years on that on that venture for example probably the same as giving them the voluntary retirement but again it's reframing it to be something like how about we support your dreams rather than how about you get the hell out of my office so that i can replace you with a with an agent that costs about four dollars a month and the key difference there is that messaging in terms of can we help you move on to your the next stage of your career that suggests that we believe you still have a huge amount of value to offer potentially microsoft or the wider you know world but this is basically is an underlying sentiment of we don't think you have any value so if if these numbers add up to 70 if you could just move on now please that'd be great and that's why i just think it's a bit icky fair enough fair enough we should have got sean o'shane to talk about this sean's um sean's upcoming guest and a really cool guy on LinkedIn and also worked for Microsoft, I think for eight years under Barmer.
18:38And then I always forget the new Microsoft CEO's name. I forget his name. But anyway, he works under them both. So interesting. He'll be talking about that on his interview. Yeah. And also go and check out Maureen on the odd LinkedIn. I'll leave a link in her show now. She also has a newsletter that talks about issues impacting mid-late careers. It's called It Gets Late Early. Oh, that's clever. Yeah. Oh, I like that. So go to itgetslateearly.com to subscribe to her newsletter and podcast. Go and find out more about Momo mid-late Korea. Okay, so I want to talk about something I've seen, which also includes a huge, huge company.
19:14So let me tell you what's happened. So this CEO pays his top executives the exact same dollar amount. It's the same amount for 55 people. This company crossed$5 trillion in market cap on Friday. Wow. So I think a lot of people listening will go, well, this has got to be NVIDIA, and it is NVIDIA. So I saw this on Twitter, Twitter, Twix, X, whatever it's called, by someone who's... Hell. Hell. I enjoy, it's funny, I enjoy Twitter. LinkedIn can't quite get into it. But anyway, this guy is called Akash Gupta. Really, really, I don't know whether he's big on AI. I don't know whether he uses AI to write his posts, but they're so engaging.
19:57So this is very relevant to the LinkedIn Live that's coming out this Friday, which is all about AI and writing. Definitely listen out for that. It's a really, really interesting LinkedIn Live, about sort of 70 minutes with some really, really clever people on there. But anyway, that's not what I'm here to talk about. So - Gets the point, Al. Come on, we've all got things to do. I'm sorry. Jensen Huang, right? Okay, I hope I'm saying his name. Basically, he's got the seven things that this tweet suggests that they do at NVIDIA. First of all, he pays all top 55 executives exactly the same amount.
20:26So every single one of them get the same 1.5 million cash bonus. No negotiation, no pecky order. That's it. Sorry, 1.5 million cash bonus. So they're on different salaries or... Oh, great. Do you know what? I should have researched that. I do not have that information at hand.
20:45I inferred that they all took home the same amount of money. Okay, let's infer that then. Yeah, so that's my implication as a listener, that's your inference. So the beauty of that, though, is that they're saying there's no negotiation, there's no pecking order, there's no one, oh, he pays, she gets more than me. Not finance is worth more than HR kind of thing. Exactly. He also, of these 55, bear in mind, these are 55 people who talk directly to him. It does sound a bit chaotic because most sort of like companies of this size have 10 SVPs or ESVPs, whatever, and then it goes down the ladder. Microsoft, for example, they've probably got 10 layers of management to get down.
21:22Not anymore, they have. because you know that that number's going to be 70 but Nvidia has almost a flat company now just in case anyone's not heard of Nvidia then they are they make the chips that AI runs on so the majority of AI data data centers buy Nvidia chips business must be good business is very fucking good very very flipping good so number three he never does one-to-ones he doesn't sort of pop by and have a catch up if he has something to say 55 people join a call and they hear it all at the same time sounds brutal but then you think well actually you know what jensen said because he said it to all at the same time um he doesn't do performance reviews um he just doesn't do it just does an annual review document there's no structured feedback process his system is the meeting apparently according to this uh so you know how you do because you're doing the work in front of everyone and everybody knows um and then i'll just pick one other um he said he spends almost zero time managing his executives.
22:21Now, this is important because the average Fortune 500 CEO is probably going to spend between 30 % and 40 % of the week on executive overheads. That's your one-to-ones. That's your comp reviews. That's your mediating. Who said what? Jensen runs the same headcount with essentially none of that. Lee, is this madness? It's interesting, isn't it, that Mark Zuckerberg is having to clone himself to be able to spend enough time with his people. Talked about that last week, didn't we? He did. um and so what's this dude's name uh jensen huang jensen and jensen's taking a very different approach what do i like about it i like the same pay everyone's giving equal value here whatever vertical it is that you're in so you're all paid the same let's not argue about that because that's the stuff that people argue about and get in civil about so i like that um i think there can be too much time spent on overly formal performance reviews i'd like to see what that annual one looks like and whether these kind of all hands meetings he has actually speaks to individual potentially whether it be priorities or drivers or whether all the same my overall feeling is that in a cash rich company you can afford for one or two people who are very high paying to mess up a little bit and not matter so much so I wonder whether actually a different climate for this company a different stage of its growth things might shift and I think we've seen this from so many tech companies before who will invest and invest and invest and then you know things will decline and they'll make mass layoffs or they'll you know you'll have hear of big names getting getting um laid off and stuff so i think while the sun is shining you can make hay and it sounds like this is what jensen's doing i think yeah there's some bits to it there's some things i question i certainly wouldn't recommend a business owner of you know who isn't what got a trillion dollar five trillion yeah i wouldn't recommend they do it because it's not it's not the same scenario but i think what i do enjoy is pay transparency pay equality and not spending too much time on performance reviews if you've got that trust in your people and there's ways of measuring it you shouldn't necessarily need to performance review them that's very different from checking in and having conversations about how things are going into the near sport any help so yeah they're my thoughts not very well organised Al I like it I like it well I'll organise them in post-production I think the last thing to say on this just before we go into Leanne's final article is that I think a lot of companies a lot of people in Nvidia and also probably a lot of the executives are vested meaning they've got shares in the company I think it's something like they I think honestly there are more paper millionaires in the employees of NVIDIA than there are in any other company in the world, which is kind of incredible.
25:10But anyway, Lee, we are high on time. So tell me, what else have you seen? High on time and low on. No, anything. I was surprised. We've already used the F word here. Well, we didn't, but Simon Swift did. I didn't, Simon. Yeah, Simon. So what have you seen, my love? What have you seen? What else have I seen? Well-being. Are companies actually missing the one wellbeing investment that actually works? I'll answer this for you. Yes. Excellent. Tell us what it is. Time for the truth or lie. Now, it came from a publication called Wellbeing, which unsurprisingly is about wellbeing. According to this article, most organisations focus their wellbeing spend on things like, you know, our gym memberships, your mental health apps.
25:56Maybe if they're progressive, flexible working, that's all useful. But this article argues that the most overlooked investment is, drum roll please, employee development. Okay. What do I call employee development, Al? Oh God. Recognition? Yeah. Hey! Do you remember me saying, I can't remember if it was the beginning of this year or the latter end of last year, I was like, recognition is going to be huge in the next 12 months, mum. Recognition is so hot right now. So hot right now. basically giving people the chance to learn, grow and build their skills in the role. And this article did call on some pretty fancy data.
26:35Gallup State, the Global Workplace 2026 report, puts global engagement at just 20 % with an estimated$10 trillion loss in productivity. Oof. Yeah, that's almost as much as NVIDIA is getting, isn't it? That's double what NVIDIA is worth. The article is basically saying this isn't about perks. This is about work design. Yeah. And then it brings in some psychology. So they said that self-determination theory identifies three core needs at work, autonomy, relatedness and competence. And highlights that competence, that feeling of getting better at something, is directly linked to higher engagement, better performance and lower burnout.
27:12Yes, it is. Because that symptom of burnout, which we don't talk about as often as like exhaustion, is low self-efficacy, which is a feeling that we're competent in doing our own job. So their point is development is a core driver of well-being. If we look at some retention data points as well, they talk about the Talent LMS 2026 report that found that 73 % of employees would stay longer if their company invested more in learning development. 73%. Wow. So paid cause analysis also shows that organizations with strong learning cultures typically have a 57 % retention rate versus 27 % in those without.
27:48Wow. And financially, the article claims that companies that invest in training seem more than double the income per employee and higher profit margins. So what do we think, Al? Is recognition really hot right now? Yes, 100%. It always is. I mean, there's the seven basic foundations of an amazing workplace culture. Reason, role, relationships, resources, resilience, remote, and of course, recognition. That's in the RX7, which is something Leanne has designed and also writing a book on. No, no, no. Oh, I just made a hype of that play. So yes, 100%, absolutely 100%. Yeah, it's so important. We've heard of this from, in terms of growth hunting, which Gen Z are doing.
28:32We know from other surveys that only really about 40 % of organizations actually develop structured development programs for their people. It seems like a really obvious thing we've been doing to not only help performance and retention, but also well-being because it does, it's such a buffer to burnout if we feel competent and confident in doing our job well. I will leave a link to that in the show notes. Al is telling me we need to move on. Quick like. I'm giving you the sign. If there was music, I'd be playing at the end of the Oscars. Okay, right. We will go for a very short break. On the way back, we're going to be stopping by a lovely gentleman called Matt, who's going to be telling us about his truth or lie.
29:09We'll see you in a second. I don't suppose you've got any good podcast recommendations. Do you know what I do? And coincidentally, this podcast is on the HubSpot Podcast Network. Who knew? The audio professional. we're going to come to that. This Old Marketing is hosted by Joe Polizzi and Robert Rose and it's brought to you by the HubSpot Podcast Network. The audio, Leanne, together. The audio destination for business professionals. Where all podcasts, good podcasts live. Exactly. Joe and Robert are two of the most well-known experts in the content marketing space and they talk about the latest content marketing trends and discuss how businesses can use content to attract and retain customers.
29:43Lovely. Yeah, I've actually been listening. Each podcast show features a discussion of content marketing headlines. We like headlines. Love them. Rants from Geron Robert on what's going on in the industry. We like that too. And this old marketing example from the past that we can learn from. It's always useful, entertaining and never more than 60 minutes. Yeah, I love the recent episode about alternatively influential. These are the micro-influencers who have real impact, but they don't have massive follower counts. Listen to this old marketing wherever you get your podcasts.
30:18Welcome back to Truth or Lie. you know what I'm about to say. It's that time of the week where we take a popular workplace idea and ask if the research actually backs it up. This week, Leanne can take a bit of a break. We've got a special guest who's going to take us through the whole thing. Matt Furness or Furness is a business psychologist, a behavioral scientist and a founder of CLIC, which is a behavioral science consultancy with over a decade of experience helping organizations work through exactly this kind of culture and change challenge. Yeah, Matt is pretty awesome. If you follow him on LinkedIn, you'll know that he posts about this kind of stuff all the time in his B-Sci BS series.
Read the full transcript
30:52Not entirely sure which came first, B-Sci or Truth and Lie. We'll just agree it's a great idea and we're both smashing it. Matt is talking us through the Kubler-Ross change curve. And I know you've heard of this before. It's often referred to as the stage of grief. So that's shock, denial, anger, bargaining, depression and finally acceptance. It is laid out in a nice little arc. It explains how people move through grief or make a change. It did interesting start as a model for understanding how terminally ill patients process diagnosis and somewhere along the way got picked up by the business world as a map for how employees experience change.
31:27But does the research actually back it up? Matt, over to you. So my name is Matt. By background, I'm a business psychologist and behavior scientist. For just over a decade now, I've supported organizations from pretty much every sector to develop their leaders, their people and their culture. I've worked with organizations like Primark and BDO and Accenture and EY and Société Générale. And as you can tell, I still haven't quite nailed the French accent. In 2023, I left my big boy job at EY to set up CLIC. CLIC are a behavior science consultancy who specialize in people and culture development.
32:07And the mission of the organization is to turn this kind of work from something that is currently maybe seen by the outside world as being soft and fluffy into something that even the CFO raves about. That's what I'm trying to do with all my work. So you are here this week to help us with our truth or lie. Now, I've got a little bit of an inkling about what you're going to talk about, but this is my layman sort of way of putting it, is that I think we've all heard of these five stages of grieving where you go through anger and denial and depression and bargaining, I think it is. Now, I've heard that it's kind of similar for almost any kind of significant change in a person's life, particularly at work.
32:54Obviously, that's just the layperson's idea. So, Matt, can you tell us, what is the idea and where did it actually come from? Yeah. So the stages of grief, otherwise known as the change curve, originally comes from Elizabeth Kubler-Ross's work. So Kubler-Ross was a Swiss psychiatrist. And a few decades ago, she was studying how people responded once they found out that they were facing a terminal illness. And based on her observations, she argued that people would the same predictable pattern. And what she noticed is that people went through denial, then anger, then bargaining, then depression, then acceptance.
33:39And then what happened was quite interesting. So in the 1980s and 1990s, management consultants around the world found the model, took it, adapted it, and essentially used it as a model to explain how people would respond to change. So that's changing your daily life, but also when responding to organizational change. Since then, it has found its way into thousands of PowerPoint decks, leadership programs, pop culture, and it's trotted out whenever people push back to change or are fixing change. And it's used as an explanation for their psychological responses. and admittedly early in my career i talked about it in workshops right but ultimately it all came from kubla ross's research of how do people respond when they are have just found out that they have a terminal illness first of all i'm massively schooled because i thought it was all i think it was just death just dealing with a death so this is interesting what do you what What evidence is there for this idea and against this idea, Matt?
34:52Often change does lead to denial and resistance, right? And when there have been reviews, resistance has been a common response. So, for example, in 2011, researchers across Israel, Greece and the USA conducted a review. They took 79 studies, all that looked at how people responded to different types of change. And these studies spanned 60 years. And they did find that resistance was pretty common as a response, right? As were sort of some of the other phases that Kubler-Ross mentioned. But that's kind of it in terms of the evidence for it. There's a lot more evidence against it. So those who actually test the stages more comprehensively have given far less favorable evidence.
35:45So, for example, there was a study in 1989 by researchers called Wartman and Silva. And there was another one in 2007 by, you know, I'm not going to try and pronounce this researcher's name. but they both found that essentially there was no support for the idea that people would respond in the same universal predictable sequence never mind when when in grief or when dying but also just in any type of change right so many people didn't go through those phases at all and that's that's kind of a showstopper for a model that is built entirely on stages so essentially what they actually found was that people's responses to change would vary depending on a million and one things so some of it would come down to your personality and how you're viewing the change and then some of it would come down to the change itself and the organizational context and how well that change is being led and whether leaders communicating about it well how much guidance you have and things like that but essentially i would say there's far more evidence against that model than there is for it so matt i i understand this and i am genuinely surprised that that everyone doesn't react this way because i'm using it in my own life i find myself when something goes away or a big change happens i almost like go oh i'm in this stage of these five stages is that just because i've heard of it and i think oh why this must be happening i think i would say two points here the first point is and this is why i think things like astrology are very common because it's very easy to to read something if it's broad enough and then to notice things in your life or things that you are feeling and then it then you almost end up confirming this this this point of view um the second thing i would say is what i'm certainly not saying that people never follow this sequence.
37:53Elizabeth Kubler-Ross noticed that this sequence was perhaps a common one. So I'm certainly not saying that people never follow this sequence. So it could be that when you're going through certain changes in your life, maybe that is the sequences you're going through. I think the danger, however, is mistaking a potential series of responses to change as the series of responses to changes just because sometimes we go through the response doesn't necessarily mean it's the most common and it certainly doesn't mean it's the only way that people can respond to change i love it when i learned something new every day uh just like by the way i think i think you're one of your linkedin posts about 21 days for a habit recently which was brilliant yeah absolutely brilliant okay anyway we're not here talk about habits so tell me what is the verdict would you say what what and also i suppose we need the bigger question is why does this even matter so i would say it's almost if i had to say truth or lie it's certainly a lie i would say it's an idea that has not only been taken outside of the original context but the evidence that we have suggests that it doesn't actually apply particularly well to the original context of of grief never mind responses to organizational change and And in terms of why it matters, the most dangerous thing, I believe, about the change curve is the story that it tells managers and leaders leading change.
39:19It tells them people hate change. Resistance is inevitable. You just have to sort of get through this phase, the phase of resistance and denial. And so what it does is it shifts attention away from designing and leading change with skill. So resistance essentially gets medicalized as an emotional phase to be endured, not something that you can actually probably sometimes avoid altogether with much better change design. So in that regard, the change curve, I think, can just become a self-fulfilling prophecy. And I also believe that the Kubler-Ross change curve maybe survives because it makes resistance feel entensible.
40:10So it turns something that could be our fault because we haven't led change well or we haven't designed change with skill into something that's just human nature, which can't be your fault as a leader. It's quite a popular idea, I think, and one that is quite reassuring. also because it's a lovely simple series of stages and you can draw it up as a nice simple graph and it simplifies complex human responses into something that that can easily be understood and who doesn't love that so essentially i think it's definitely a lie it's um it's dangerous because it becomes a self-propsy and i think the reason it's got traction is because it tells us the story want to hear and it makes human beings a lot more simple than than they actually truly are but ultimately if we want to lead change more effectively and help people transition I really think we've got to drop this myth that was a brilliant Matt Furness thank you so much Matt I just want to add that I I agree with everything you've said I'm with you it's it's oversimplified it doesn't work that way I do sometimes use it as a as a vocabulary more for myself in terms of how I'm feeling through change to try and understand where I'm at not that I think I'm moving through them in a linear way but do you know what I mean it gives you a vocabulary so I guess I don't know is that fair no that's really fair that's really fair we we've used it as well which regular listeners will know that we are going through um some slight challenges at the moment nothing like major or nothing major to us but pickles that we're trying to get ourselves out of and we do and I do quite often say as the layperson oh I think I'm in this in this particular thing.
41:56Yeah, I think it's important to remember that, yes, it's not map one-to-one, so you can't expect an organisation to follow this roadmap of, like, this is how they're going to react. At the same time, it is a very sensible and useful way to say, I am at this stage. Yes. Which also helps you realise that you're actually moving towards the end. This too shall pass. This too shall pass. Go and jump onto clickculture.co.uk. Fabulous web. Really, really sexy website. also if you go into the about page matt's animated his signature i don't think it's a real signature he's animated his signature i hope it's not his real signature very very foolish yes go and check out matt um go follow him on linkedin um absolutely wonderful thank you wonderful human being okay on to the world famous week workplace surgery where i put your questions to leanne i have three questions question number one this person writes and i love this i've checked out but i'm still here i love this it's most of our listeners i think at this point i've checked out but i'm doing the ironing my company mandated a full return to the office about eight months ago at the time i pushed back internally and found it frustrating but now i've just stopped i turn up i do my job but i feel completely disconnected from it i'm not looking to leave the job market's tough and i've got a mortgage but mentally i've checked out the way i haven't before is this just what work becomes when people feel forced into decisions they don't agree with yes wow well if only we had a psychologist in the room who specialized in organizational psychology to answer that question lee that's exactly what happens you're you're what the media call quiet quitting you're disengaging from your work and most people are was it 80 percent of people are disengaged according to gallup's latest report that we heard on it's it's short-sighted this is where i really lose patience with kind of full return to office mandates without any real genuine substance or reasoning behind it which i'm guessing you didn't get because you found it frustrating so this is a point where you go all right well like you say you're disconnected from it you're not looking to leave because the job market's on fire you've got a mortgage to pay for and that's exactly what's happened time and time again across history whenever we get these cycles and the minute that the economy bounces back like after covid we see things like the great resignation everybody leaves their jobs so you are just biding your time until the market picks up and you can do that because clearly you are disengaged and disconnected from this organization that's just the way it is advice i would give you to get through this in a way that doesn't really damage your mental health find your meaning somewhere else if you're not getting from work where can you derive that meaning from right now whether it be your family your community doing some voluntary work or hobby you need something in your life that feels like you're doing something with purpose and meaning if you're not getting it from work find it somewhere else the other thing I would say is that over time just to keep an eye on this the longer you're in an organization where you're disengaged where which is a symptom of burnout if it prolongs that detachment from work that has values and beliefs that are opposite to your own which it clearly does around flexible working or remote working is an option this dissonance between what you believe and what the organization believes is going to start to cause a real strain and that's going to start pushing other symptoms of burnout into including cynicism and potential exhaustion as well so keep an eye it's not that you can't sit tight but you can sit tight for a period of time before it starts to have an impact so look after yourself eat well get your movements in spend lots of time with family and friends where you can find your joy and just wait for the market to pick up i love this that's such good advice and also what's weird is that we've been doing what we're almost up to 300 episodes now and then you were saying yes and what you're going to find is and in my head the word cynicism popped up right the front of my head i'm like i bet she's gonna say cynicism and she did she did fabulous i think you could answer these at this point love no because every time you answer them and i'm not just i'm not just saying this in january until you answer them i'm like oh good point i hadn't thought that so no absolutely i could not do that because i have no letters after my name nor am i very important but i am important in this next question because i have to read the question so this person is asking can i justify keeping a toxic top performer no it's do you know what's interesting if you do get they ask this question probably once every six months yeah and i think that people give a different justification each time and then you you just basically go no It's like they just want to check again, isn't it?
46:22Are you sure we can't just know? Okay, okay. So this person says, I've got a salesperson who brings in a huge chunk of our revenue, but they're widely seen as difficult to work with. They're talking over people. They're taking credit and making others feel small. We've lost a few good people over the last year. I'm sure we'll come to that. And this person has come up in exit conversations again. We will come back to that. The honest truth is the business relies on the revenue they bring. So I've been putting off dealing with it. is there ever a case for protecting performance over culture in the short term please say yes leanne please say yes and they've written please say yes yes yes i really need this person to stay oh sit down get a cup of tea get a get a digestive and no you'll need a hobnob for this yeah yeah is there a case protecting performance over culture in the short term maybe but not in this situation because you're not protecting performance you're tanking performance because you've lost several great people this person is taking credit making others feel small talking over people this is real incivility which can very quickly turn into potentially bullying and harassment he comes up in exit conversations this is a problem this is a real real problem you've got a serious toxic superstar on your hands was it ryan sherman off of hogan that told us that to replace the performance of a toxic superstar you need three superstars in their place and it sounds like you've already lost three yeah so you are believe or not it seems intangible i understand that this person is bringing in x x amount in revenue you are losing far much more far far far more because as well if you take a stand and this person either is coached through this and that is the approach that you should take you should at having this conversation with this person in terms of maybe they're not aware of it maybe they don't realize maybe they know full well what they're doing either way you need to manage that by having that conversation initially but imagine if it went down the road where this person knows what they're doing they are just a toxic individual they don't have a place in your organization anymore the morale boost that's going to give to the rest of the team so that as an owner as a leader you're saying this is not acceptable my people deserve better than being treated by this by anyone no matter how much money they bring into the organization that uptick you're going to get in morale and performance I think it will knock your socks off I really do so I think at this point you've reached the end of the road you've lost good people over the past year I can only imagine how in fact you know what I wonder if you know the person who checked out the previous question that's how everybody is feeling your organization right now so the risk you are taking if the market if and when the market picks up you could see a whole wave of people leaving which is going to cripple your business you have to act now you have to act now there you go there you go and also um i put the al in practicality i'm going to give you a couple of practical um practical things i think that you should you could be doing right now do you record your sales calls if you don't then introduce that to everyone everyone gets their sales calls recorded so that you can then you know the whole thing for quality and training purposes but then you feed that to claude and go what does this person do the other people don't go and take that train the other people exactly what this person does so there you go there's your practicality and then once you get rid of get rid of this person everyone else know exactly what they did and what their secret was okay so question number three when does culture stop becoming enough um i run a small business i'm losing good people to bigger companies who can offer more money better benefits and hybrid working policies i genuinely can't match this is quite a common question we get i tell myself that culture and mission account for something and i genuinely think they do but if someone who works me has offered 15 000 more elsewhere it's really hard to compete with we really care about you i'm starting to feel like the whole small business family pitch is oh red flag come back to that i'm starting to feel like the whole small business family pitch is something i tell myself as much as them at what point is culture a genuine differentiator and at what point it's just a story you tell people you can't afford to pay properly oh that is the title of a great episode oh there's there's so many little yes clues in this isn't there yes lee unpack like like it's christmas morning i want to i want to just take a closer look at small business family pitch you might and um at what point is it just a story you tell people you can't afford to pay properly or you might have picked up on that one too oh go on it seems to me like there's something right i'd always take a look at the commercial right what is happening in your business model that you can't afford to pay people properly because something's going wrong if your business is making the revenue it's meant to make with the expertise it's required you should be able to afford to pay people properly you know This is something in your business model, something in your pricing and commercial decisions, or indeed you've got people in roles that they're far overqualified for and you don't need that level of knowledge and skills, the roles that they're currently in.
51:35So look at the commercial aspect first of all. This screams to me like you're a mature startup, scale up. You got to a point where people are pushing back on expectations to work a lot of hours. for the same pay because we're a startup we're a family that puts the expectation on people to care as much as you do and I'll be honest at this point they probably don't because they need more as we've heard they need it's not always about the money let's not joke ourselves on that it's not just about the extra 15k although of course for some people especially with the you know what we're seeing at the moment the cost of living crisis that is the difference between being able to feed your family and not in a lot of cases so we do need to be mindful and sensitive to that and you're right you can't compete with that but there are so many ways beyond finances that we can motivate people in our business go back to our episode with jake tuber who talked about the motivation of money and yes it is but it loses its its its motivational pull at a certain level and particularly when it's coupled with other things around recognition as we've just heard you know career development is massive giving people meaningful work I mean it is these people in a role that is stretching them that feels that they have purpose and it's giving them meaning that they have the right resources to do they're clear on what their job is all of these other things can support motivation within an organization particularly in a small business and particularly in terms of development because you can give people exposure to things that they never would anywhere else.
53:14And that's what I always loved working in small businesses. I was having conversations with very senior directors when I was 23, which I never would have been able to do in corporate. I would have been an intern getting the coffee. So there's absolutely, in terms of exposure and development, a way you can invest in these people. But ultimately, I don't think this is that. I think you might need to adjust your expectations in terms of boundaries that people set themselves in terms of how hard they work. I think there's things you can do in terms of investing in their development. This feels to me like you've got people in roles that are overqualified to do them or there's something in your business commercial model that isn't quite working right now.
54:00What do you think, Al? Yeah, I'm going to do exactly, yeah, pick up exactly what you just said there. So my prediction is that you are probably three to four years old. You started this business because you were good at something, not necessarily because you wanted to build a business so you started a business because you're good at something and it's scaled and it's doing really well uh you probably up until the last six eight months you've done most of the work yourself including the sales the client delivery you just brought people in back of house you're probably on your 15th to the 14th or 15th employee because that's when it starts to fracture and fragment um and the fact you call yourself a small business makes me think that you're still thinking of yourself as a little scrappy startup you're now in teenage years these are tough years and you can no longer what got you to here will not get you to there fine if you want to stay where you are fine but you're right i think your margins are too either your margins are too thin you're not making enough profit or you're making plenty of profit but you're taking it all home yourself because if you've got an established business that's doing well then unless you're in something which is like cash and carry where it's wholesale where it's like my gross margins are eight percent you should be looking at decent gross margins and decent net margins and if you're not then your pricing is wrong your business model is wrong or you've just scaled too quickly you've not got the right processes so i think fundamentally the first thing to look at is how do i get more money available so i can potentially offer someone offer people more you don't have to offer someone 15 000 to stay but you can say i cannot do 15 000 what we can do is i'll do 5 000 what you don't want to be doing is exactly so at the bottom you're creating a culture that is just a story you tell people because you can't afford to pay them properly and i know i'm no one buys that story no nobody buys that story no if you're the nhs or you're some ngo or something you might get away with that but not when you're a commercial entity yeah but at the cost of burnout that's what we see in you know ngos in charity sector in the nhs especially it's still it's always going to come at a price the thing that i think there's some self-limiting beliefs here i think you've nailed it in terms of they're still thinking like a small business they're now got to a point where they're more mature that you said okay can't offer more money okay like we said we need to look into that better benefits and hybrid working in what world can you not offer people hybrid working assuming you're a services-based business because if you actually if you really can't because they need to be on site you wouldn't even mention hybrid working because where are they going that they can you know that's a different role entirely and you don't really even count that in your your kind of turnover figures so why aren't you considering hybrid working why isn't flexible working such a hard no for you because it shouldn't be really better benefits yeah we've talked about organizations out there before that offer corporate level benefits for a very affordable price perks being one of them it's a few quid a month and you're going to get corporate level benefits there are absolute things you can do to look into this but I think really the first and the reason I think Alan and I are being so firm with you is that you need to do some introspection first in terms of why you're limiting yourself and your business in ways that don't seem to quite make sense don't fit and aren't reality I think you really need to think about where your business at where you realistically want to take it and with that what it's going to take to get them there to get you there in terms of the people and how you treat them.
57:21Yeah. And I think being really frank, and I say this with a lot of love, but I think you have a small business mindset that you will go, we'll never make any money. We'll never be a big business. Don't want to be a big business. And it's probably maybe you left another business because they were, they were really tight with money. I don't know, but there's something around the mindset there, I think, which, which does need to change. And I say that with love and I hope that, I hope that things work out. Lee, anything to add before we let these people go just to say to come back next thursday um we've got a wonderful episode who's it with thomas waits thomas waits so i've been looking forward to publishing this one for a long time thomas is an incredible sales trainer incredible sales leader um also has got a great story about where he he basically walked into a company and made like about one and a half trillion dollars in four hours or something but if you ever if you want to sell anything now don't turn off for a second if you want to know how to be good at sales you absolutely have to listen to this thursday it's not just for sales people it's not just for founders it's for someone in hr who wants to sell an idea it's for someone a leader who wants to sell a better idea thomas doesn't just say this is how you send out cold emails well he doesn't say that actually but this is how you send cold emails and this is how you get sales he says this is fundamentally how humans trust and buy an idea or a product from another part from another human honestly i i feel a bit weird i've I've been kind of weird about Thomas.
58:44I really have. He's such a good guy. And also, bless him, I think we recorded this about eight weeks ago because we've got a bit of a backlog and he's been so patient. He sent me a lovely email the other day going, Al, is this coming out? So yes, Thomas, it is coming out. It's coming out on Thursday. Honestly, it's going to be one of my favorite episodes of the year. I'm really looking forward to it. Yeah, it's going to be brilliant. It's going to be brilliant. So come back for that. Friday as well. We've got a bonus episode going up on our LinkedIn. it's our linkedin live that went out today actually on ai and critical thinking as i mentioned it had a superb lineup of guests so yeah go check that out on friday usual linkedin tag message chat review any other words i can throw in there you'd use them all yeah bye
From the publisher
Welcome back to Truth, Lies & Work, the award-winning podcast where behavioral science meets workplace culture. Part of the HubSpot Podcast Network.
This week, we explore Microsoft’s new retirement strategy, NVIDIA’s radical management secrets, and the one wellbeing investment most businesses are overlooking. Plus, we debunk a legendary psychological model and answer your burning questions about toxic top performers and small business culture.
🔥 Stories Covered
1. Is Microsoft Quietly
Microsoft has launched a first-of-its-kind voluntary retirement program for U.S. employees whose age plus years of service equals 70 or more.
The Targeted Group: Open to staff at senior director level and below.
The Strategic Shift: While framed as giving employees choice, it comes as Microsoft pivots heavily toward AI infrastructure, potentially reshaping its traditional software workforce.
Reward Changes: The company is also decoupling stock awards from cash bonuses to give managers more flexibility in rewarding high performers.
Source: https://www.cnbc.com/2026/04/23/microsoft-plans-first-voluntary-retirement-program-for-us-employees.html
2. The $5 Trillion CEO: Jensen Huang’s Radical Rules
NVIDIA recently crossed the $5 trillion mark, and CEO Jensen Huang did it by breaking every rule in the management handbook.
Flat Structure: Huang has 55 direct reports—nearly 10x the corporate average.
Equal Pay: He pays all 55 top executives the exact same cash bonus, removing internal "status games."
No 1:1s: Information is shared with everyone at once to eliminate power asymmetry and speed up decision-making.
Source: https://x.com/i/web/status/2048559374499778778
3. The Wellbeing Investment You’re Overlooking
While most companies spend on gym memberships and apps, the data suggests that employee development is the real driver of wellbeing.
The Progress Problem: Research suggests low engagement is often a "progress problem," not a "perks problem."
Retention Secret: 73% of employees would stay longer if their company invested more in learning and development.
Science-Backed: Competence is a core human need in Self-Determination Theory, directly linked to lower burnout.
Source: https://wellbeingmagazine.com/why-employee-development-is-the-wellbeing-investment-most-businesses-overlook/
🧠 Truth or Lie: The Kübler-Ross Change Curve
We’ve all seen the "Stages of Grief" applied to corporate change. Business Psychologist Matt Furness joins us to reveal whether research actually supports using a model designed for terminally ill patients as a roadmap for office restructuring.
Connect with Matt:
LinkedIn: https://www.linkedin.com/in/matthewfurness/?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base%3BpQVxZf%2FySxyM5bnSu94bNQ%3D%3D
Click Culture: https://www.clickculture.co.uk/
💬 Workplace Surgery
This week, we tackle three tough listener dilemmas:
The "Checked Out" Employee: Is "quiet quitting" the inevitable result of mandated return-to-office policies?
The Toxic High Performer: Can you ever justify keeping a salesperson who hits their targets but destroys your culture?
Culture vs. Cash: At what point does a "small business family" culture lose out to a £15k pay rise elsewhere?
📬 Connect with Al & Leanne
– LinkedIn: https://www.linkedin.com/company/truthlieswork
– Al Elliott: https://www.linkedin.com/in/thisisalelliott
– Leanne Elliott: https://www.linkedin.com/in/meetleanne
– Email: hello@truthliesandwork.com
– Book a call: https://savvycal.com/meetleanne/chat
Mental health support
UK & ROI — Samaritans Call 116 123 or visit https://www.samaritans.org
UK — Mind Call 0300 123 3393 or visit https://www.mind.org.uk
US — Suicide & Crisis Lifeline Call or text 988 or visit https://988lifeline.org
Australia — Lifeline Call 13 11 14 or visit https://www.lifeline.org.au
Global helplines
https://findahelpline.com
