What Do We Need to Know About the Third Metric of Success?
If you’re an avid job seeker and interviewing heavily, you will, as part of your due diligence, have checked out the sites of various companies and have read about or heard about The Third Metric.
Or, if you follow job trends and workplace issues, you might have tuned into the topic.
The Third Metric. What is it?
The origin of the phrase is unknown, but it’s believed to have been coined in the last couple of years. It’s a school of thought which redefines what it means to be successful.
The Third Metric conveys a unique new manner in which men and women in the work place can achieve true success.
The idea is to get the First and Second Metrics (Money and Power) to scoot over while workers access the Third Metric, which is all the other “good stuff” that keeps people happy and healthy.
According to the Third Metric protocol, in order to stay balanced and engaged in your job and to earn good money and wield true power, you’ll first need to find out which of these two categories apply to you: are you STRESSED or COURTING SUCCESS?
What’s The Difference Between the Two Types of Metrics?
Ever since the industrial revolution, successful entrepreneurs and, eventually, large, successful companies have put into practice a pretty standard success formula: Americans who “made it” shot to the top through vision, hard work and grit.
Today’s economic realities shifted that formula a bit. Pioneers among us have less options and, overall, the workforce is expressing discontent with excessively long hours and with no-time-for-me (or family).
Life, many workers realize, is too short to spend in a fluorescence-brightened cubicle…even if it does lead to substantial power and money.
The first Metric – One and Two – Money and Power – comprised success it seems, for eons. But wait for it: according to the Huffington Post, more than 80% of workers experience CHRONIC job-related stress. That’s more than half the workforce!
A bit of stress, if handled healthfully, can be an incentive to an otherwise lackadaisical career path or lifestyle, but CHRONIC stress is a devitalizer. It reduces productivity and leads to workers calling in sick so often that they use up all their sick leave.
The Third Metric – is a complete revamping of what America views as success. According to a wide range of professional surveys, it was found that, overall, eighty five percent of the American workforce interprets “the new” success as having good health.
Eighty three percent thinks it means finding time to do what you believe to be most important; eighty- one percent think it means being in a good relationship; eighty-one percent also think it means knowing how to spend the money that you do earn, well; seventy-nine percent think it means putting things in perspective, or having a healthy personal life-work balance; seventy five percent think it means being in a job that you “love”; sixty-nine percent believe it means having avocations and pursuing them; sixty-six percent attribute success to being active and physically fit; sixty-five percent believe a successful life means being able to welcome change (or roll with the punches); sixty-five percent say it means educating yourself to learn new skills and only thirty-three percent of all the surveyed responses weighed in as saying that having lots of money is what success feels like.
Why is Workplace Stress Such a No-No?
Do you wonder why stress should even be such a workplace issue? “I mean, stress has been with us forever, right?” you might be thinking.
It has, but not, it’s thought, in the multi-leveled manner of today. These days, workers have more input, responsibilities and distractions than ever before.
It’s now estimated that U.S. businesses can trace $300 billion in annual losses to workplace fatigue or stress.
And workplace bosses see this played out in other ways, too. Management is seeing:
- Increased illness or absenteeism;
- Augmented insurance fees;
- Higher legal fees;
- Marked increases in medical costs;
- Employee turnover; and
- Overall reduction in productivity.
At the same time that businesses are taking a hit with increased and consistent down-time, they’ve begun to notice that employees are MORE apt to take time off due to anxiety-related and stress-related issues than they are to call in sick for physical illnesses.
What Percentage of Workers Are Affected?
Workers these days consistently report that they are under exceptional stress. In fact, the figure skyrocketed up to a whopping seventy-five percent.
The medical establishment has linked stress to physical symptoms of quite a few ailments. Additionally, the following conditions, frequently seen in business workplaces, are thought to be caused by (or exacerbated by) repeated stress:
- “The blues” or feeling depressed;
- High blood pressure; and
- Accelerated aging (noticeable on physical features and via deterioration of some bodily functions and overall mobility, etc.)
“Gotta give these people more vacation time,” you might say. Well, guess what? It doesn’t do any good. Fifty-seven percent of workers surveyed who were experiencing high levels of stress were so stressed out that they didn’t feel they COULD take time off from work to take a vacation.
Overstressed workers simply do not use the vacation time they have coming to them.
So What Does the Third Metric Have That’s So Different?
The workforce could stand to benefit from a new prescription for health, as it were. The Third Metric aims to cure the stress-related ills by suggesting that these paradigms be developed:
- Wisdom – or “going inside”, to fashion a discerning and intelligent attitude to issues that surface in life and in the workplace;
- Empathy – or putting yourself in the shoes of an associate or two; it’s another way of saying you care what happens to others;
- Good Health – we’ll all take some of that, thank you;
- Wonderful friends – nothing balances out work and life like friends who have been with you through thick and thin, and who still love you;
- Adequate sleep – uninterrupted, revitalizing dream time;
- Passions/Avocations – having a hobby or two that means a lot to you, and helps you use the other side of your brain;
- Mindfulness or being in the moment – meditation helps to bring you to this place;
- “Paying it Forward” or being altruistic – some folks call this “giving back” some of what they’ve been blessed with; and
- Family time.
And only THEN should the First and Second Metrics, or
Money and Power come into play.
The idea behind the Third Metric – or any new way of thinking and of resolving issues – is to enable those who lead in the workplace to come to grips with these realities, and to come up with ways to integrate these new paradigms. A balanced workplace is a healthy workplace.
And workers, of course, need to know that they can make such desires known…and that they’ll still have their jobs after the fact. In other words, their careers are sustainable, even after expressing exactly what matters to them.