Some people like to get up in the morning have leisurely cup coffee on they read the newspaper. Others like to get every possible moment of sleep and have mastered the art of hitting the snooze button without even opening their eyes. The time you wake up in the morning and relationship to the start of your workday could be an indication of your wealth according to Thomas Corley. In his book Rich Habits: The Daily Success Habits of Wealthy Individuals. Corley reports that 44% of wealthy people wake up at least three hours before the workday starts while only 3% of poor people do the same.
A 2013 study done by the Harvard Medical School found that sleep deprivation caused American companies or the $63.2 billion in lost productivity annually. Unfortunately this report does not break it down based on pay scales so we do not know if the sleep deprivation is caused by lower income employees waking up late rushing to work or wealthier employees who wake up early because of sleep apnea or some other cause.
Sleeping patterns is just one of 10 key differences between wealthy and poor people reviewed by Corley in his book. From personal development to the way we handle our finances he was able to find dramatic differences in the thought processes and lifestyles of these two economic cultures.
In his research, Corley defines wealthy people as those earning $160,000 or more annually and poor people are those earning less than $30,000 per year.
Knowing the various cultures, including economic cultures, in the American workplace today can help us increase harmony, productivity and quality. The reason is quite simple. Cultural differences, when not understood, lead to miscommunication, ill feelings among employees and/or management and workplace conflict.
But once we understand the value that each person brings to the workplace by the beauty of thinking differently we begin to increase the contribution and value of each employee individually and of the workforce in whole. Improvement in communication occurs as we understand that putting something on the table prioritizes it in one culture but removes all priorities in another or that a basement could be a cellar or a bathroom.
©2014 Max Impact, used with permission.
Resources for creating a winning workplace culture:
- Cultural roadmap, a look at the contents of the character within each of us.
- Max Impact offers free leadership training and development materials including Cultural Faux Pas and Culture Quizzes
- Keep your workforce motivated with these motivational quotes.
- Repository of business surveys offers many informative and/or fun surveys about the business world.
- Books about workplace cultures.