Organizational Resilience: Cultivating the Ability to Spring Back

Organizational Resilience: Cultivating the Ability to Spring Back

November 30, 2020

Most of us are familiar with the definition of resilience as “the capacity to recover quickly from difficulties; toughness.” Not as many are familiar with the definition of resilience as “the ability of a substance or object to spring back into shape; elasticity.”

I have spent quite a bit of time thinking about organizational resilience, specifically: how to cultivate a resilient spirit as part of culture and how to create resilience among our staff, especially in the era of COVID. The idea that our resilience is reflected by our ability to spring back into shape rings true for me.

In a recent article, McKinsey & Company discussed the need for leaders to act rather than react. The article mirrored my thoughts. “Even as the COVID-19 crisis continues to create a world of uncertainty, the goal must be to rebuild for the longer term. Companies that are strong and resilient will be better placed to survive and prosper. Those are qualities that can’t be taken for granted; they need to be cultivated.”

So how does one cultivate an organizational culture of resilience—the ability to spring back from whatever we face? It is clear to me that the entire organization needs to be thoroughly grounded in purpose. Staff need to know exactly what the organization stands for. They need to see the ways the mission is being carried out every single day. They need to know the organization’s vision—and they need to understand the link between day-to-day activities and this vision.

Here are four of the top things that we have been doing to cultivate resilience at The Fedcap Group:

1. Establish BOLD Goals that Inspire: In December 2019, The Fedcap Group established five bold goals to fundamentally improve the long-term economic well-being of the following groups: Children ages 0-8, the previously incarcerated, the chronically unemployed, youth transitioning from foster care, and people with intellectual/developmental disabilities.

2. Focus on Measuring Impact: We are measuring the difference we are making in people’s lives through research. We are dedicated to knowing all we can about the short- and long-term difference we are making.

3. Structure for Efficiency and Accuracy: A nimble, elastic organization can rapidly pivot because the structure allows for it—in fact anticipates the need to rapidly pivot. We are continually refining our structure.

4. Ensure the Workforce is Future Oriented / Knowledgeable About Market Trends and is Prepared to Act: Train existing staff and hire and orient new staff to be students of our profession, to know our market and to understand trends that impact service delivery. We are intentionally investing significant resources in professional development and onboarding.

It is very difficult to bounce back from the unexpected and the unprecedented. Our instinct is to simply react. The time for reaction is over. It is time to act.

As always, I welcome your thoughts.

Thanks-Giving is a Good Idea Every Day

Thanks-Giving is a Good Idea Every Day

November 23, 2020

In just a few short days, it will be Thanksgiving. For many, it will look and feel quite different than past years. With the pandemic just outside our doors, many of us won’t be traveling. To keep our loved ones safe, the holiday will be simpler, smaller.

And while it might seem counterintuitive, I thought, given the times, it might be valuable to consider some interesting perspectives on the importance of gratitude in times of adversity.

There is a growing body of research that suggests that the practice of gratitude results in more positive emotions, less stress, reduced sick days, a greater sense of confidence, and higher satisfaction—even in times of great adversity.

According to Robert Emmons, author of “The Little Book of Gratitude: Creating a Life of Happiness and Well-being by Giving Thanks,” and a leading researcher on the subject, “Not only will a grateful attitude help in times of crisis—it is essential. In fact, it is precisely under unfavorable conditions when we have the most to gain by a grateful perspective on life. In the face of demoralization, gratitude has the power to energize. In the face of brokenness, gratitude has the power to heal. In the face of despair, gratitude has the power to bring hope.” In other words, gratitude can help us cope with hard times.

Gratitude takes people outside themselves and to a place that is part of a larger, more intricate network of sustaining relationships.

There is a quote by Kristin Armstrong I find especially noteworthy. “I write about the power of trying because I want to be okay with failing. I write about generosity because I battle selfishness. I write about joy because I’ve known sorrow. I write about faith because I almost lost mine, and I know what it is to be broken and in need of redemption. I write about gratitude because I am thankful – for all of it.”

And this impacts the overall attitude of our workforce. Researchers from the London School of Economics, in analysis of 51 companies, found that while financial incentives may or may not work when it comes to motivating employees, there is overwhelming evidence that gratitude and appreciation are highly effective motivators for staff. They found that 80% of employees are willing to work harder for an appreciative boss.

“We tend to think of organizations as transactional places where you’re supposed to be ‘professional,’” says Ryan Fehr, an assistant professor of management at the University of Washington, Seattle, who recently published a paper summarizing the landscape of gratitude in business. “We may think that it’s unprofessional to bring things like gratitude or compassion into the workplace, yet evidence suggests that gratitude and appreciation contribute to the kind of workplace environments people want to be part of.

Happy day of gratitude and giving of thanks!

Community Work Services’ Double Impact Program Trains Young Adults, Provides Meals to Those in Need

Community Work Services’ Double Impact Program Trains Young Adults, Provides Meals to Those in Need

Community Work Services’ Double Impact Initiative was developed in conjunction with Breaktime, a youth-led nonprofit and social enterprise. Double Impact has a twofold purpose – to help homeless young adults acquire job skills and economic stability, and to create meals for first responders and food-insecure participants in the Boston-area.

The need is acute. Amid a nationwide surge in food insecurity, one in seven residents and one in five children in Massachusetts will experience food insecurity, the second highest rate in the nation among children.

WCBV5’s Erika Tarantal reported on CWS’ efforts. View the video here.

Learn more about CWS and the Double Impact Initiative, including interviews with more participants, on the CWS website.

Easterseals Project Discovery in Port Jervis Hosted Pre-Thanksgiving Donations

Easterseals Project Discovery in Port Jervis Hosted Pre-Thanksgiving Donations

Donated items Distributed on Monday, November 23.

Barbara Kuczyra, Frankie Roman, Bridget Grech, and (not pictured) Dawn Ulmer volunteer a lot of time and energy to Easterseals’ Project Discovery’s outreach and monthly distributions of donated clothing, food, and household items. Photo by Sharon Siegel for The Gazette
 
Easterseals Project Discovery in Port Jervis, New York, organizes regular distributions of food, clothing, and household items. The team was recognized earlier in 2020 by New York Governor Andrew Cuomo for their remarkable work during the COVID-19 pandemic. Recently,the Port Jervis Gazette visited Project Discovery – click here to see their story about Project Discovery’s Pre-Thanksgiving distribution of donated food, clothing, and household goods to take place on Monday, November 23.

 

Thanking Our Sponsors

Thank You to our Sponsors!
The Power of Possible Gala

The Fedcap Group is honored to receive major support from these individuals and businesses. In a year of unprecedented challenges, their sponsorship is especially appreciated.

TRANSFORMATION SPONSORS

Mark O'Donoghue

Mark O’Donoghue is a retired partner of Curtis, Mallet-Prevost, Colt & Mosle, a New York-based international law firm. His legal practice included the representation of clients in civil and criminal litigation, project finance and energy infrastructure projects, and international arbitration of investor-State disputes. Mark serves as Chairman of New York Senator Charles E. Schumer’s Judicial Screening Panel and Chairman of The Fedcap Group.

Mutual of America Financial Group has specialized in providing pension and retirement-related products, programs and services since 1945. The company also offers such products as variable universal life insurance, and group life and disability insurance.

Ocean Janitorial Supply is one of the leading distributors of janitorial supplies and equipment in the industry.

S. Katzman Produce supplies a full range of fruits and vegetables to customers in the Northeast United States. S. Katzman is recognized as one of the leading wholesaler/distributors of quality produce in the Hunts Point Terminal Market.

David Landau is the Managing Partner and a Co-Founder of LNK Partners, a consumer-focused private equity firm in New York. Mr. Landau has been in private equity for 29 years. He is a member of the Board of The Fedcap Group.

Anthem is a health insurance and life insurance services company.

EMPOWERMENT SPONSORS

Kenneth Raisler is head of Sullivan & Cromwell’s Commodities, Futures and Derivatives Group. Mr. Raisler was an assistant U.S. attorney for the District of Columbia from 1977 to 1982 in the Criminal and Civil Divisions. He serves as Chair of Fedcap Inc., part of The Fedcap Group.

Peter Samuels is a Partner in the Corporate Department of Proskauer and has served as co-head of the firm’s Mergers & Acquisitions Group. He serves on the Board of The Fedcap Group.

USI Insurance Services has served over 150,000 clients meeting their property & casualty, employee benefit, personal risk and retirement needs nationwide.

Cleaning Systems is a national wholesaler of professional cleaning and janitorial supplies providing more than 45,000 brand-leading products that ship throughout the worldwide community.

ABFS Facility Service Solutions is is a leading provider of facility service solutions including comprehensive building maintenance, engineering, project management, facility support services, and energy management.

Alpha Business Solutions is a fully-certified NMSDC MBE supplier that provides a spectrum of managed Employer of Record services, helping our clients save time and money while reducing risk.

Cross Management Corp. is a New York City-based construction management services firm.

Laurence Ach is a Senior Vice President with Klingenstein, Fields & Co., with more than 30 years of investment management experience. He is Co-Chair of the Board of Fedcap Rehabilitation.

INSPIRATION SPONSORS

Lynn Morgen is a founding partner of Advisiry Partners and specializes in advising c-suite executives and board members on corporate positioning and strategic and investor-related communications. Ms. Morgen serves as Treasurer of The Fedcap Group.

Sterling Sanitary Supply Company, based in Queens, New York, is a respected pioneer in the environmentally friendly, green cleaning industry. The company is dedicated to further developing environmentally responsible solutions which do not sacrifice performance.

Imprint Marketing Concepts is a branded merchandise and corporate apparel company based in Ramsey, NJ. IMC offers a full range of corporate apparel, custom giveaways and graphic design services.

Irwin Siegel Agency Inc. is the premiere provider of comprehensive insurance programs for human and social service organizations.

Huron is a management consulting firm offering services to the healthcare, life sciences, commercial, and higher education industries.

Martha Sproule had a 35-year career in the investment business, with a primary focus on cross-border mergers and acquisitions. She was a managing director at Rothschild, Inc., and a member of the investment committee of a fund investing in distressed securities, positions she left in 2000 to pursue various projects in the non-profit sector. Ms. Sproule serves as Treasurer of Fedcap Inc.

Grant Thornton is one of the world’s leading organizations of independent audit, tax and advisory firms.