korn ferry

We’ve all likely experienced some degree of burnout or overwhelm in the course of our lives, especially since the pandemic. But what exactly is burnout? How can we recognize the signs of it, prevent it from overtaking us, and heal from it once we’ve experienced it? My guest on the show today is Dr. Katherine Semler. Katherine has worked for 25 years in the field of leadership development. She is a senior partner at Korn Ferry and an adjunct faculty member at Ashridge Hult Business School. She is the co-author of Running On Empty, a book about burnout and the practices that can protect us from it. 

We recorded this episode together in Girona, Spain, where we recently led a retreat together on Personal Sustainability and Creativity Through Writing and Contemplative Arts. Our conversation focuses on leadership, Katherine’s research on burnout, and personal sustainability, including practices to help prevent burnout and refill our energetic wells, such as creativity, movement, and time in nature. 

For our Creativity Pro-Tip for today, I encourage you to set aside some time in your schedule, even if it’s only 30 minutes or so, to put away the to-do list, write in a journal, get out some paints or markers, or play some music. Get your hands in the dirt and do some gardening, or cook a nice meal. Notice what happens. The more often you allow yourself to replenish in this way, the more energy you’ll have for your life, and the less you’ll be susceptible to burnout. 

Credits: The Syncreate podcast is created and hosted by Melinda Rothouse, and produced by Christian Haigis with assistance from Michael Osborne in Austin, Texas. Creative development and video production by Shuja Uddin and Devon Foster at Tishna Films. Artwork by Dreux Carpenter.

If you enjoy this episode, you might also like our conversations in Episode 6: Gratitude, Gentleness, and Generosity with Mayela Padilla Manasjan and Episode 11: Leadership, Values, and Criminal Justice Reform with Attorney Dylan Hayre. 

Episode-specific hyperlinks: 

Dr. Katherine Semler

Book: Running on Empty by Amy Bradley and Katherine Semler

Ashridge Hult Business School

Maslach Burnout Index

Dr. Amy Bradley

Show / permanent hyperlinks: 

The Syncreate Podcast

Syncreate Website

Syncreate Instagram

Syncreate Facebook

Syncreate Twitter

Syncreate LinkedIn

Syncreate YouTube

Melinda Rothouse Website

Austin Writing Coach

Melinda Joy Music Website

In the race to recruit talent you have to “wave the flag that you are doing something different,” said Andres Tapia, senior partner at management consulting firm Korn Ferry. As the company’s global diversity, equity and inclusion strategist, Tapia has helped Fortune 500 companies and small firms put together plans to attract diverse talent. In this McKnight's Newsmakers podcast, Tapia explains why these plans give all firms, including home care ones, a leg up on recruitment.

Follow us on twitter: @McKHomeCare

Meet James Nicholas.

James is a 25yr old Professional Golfer. He is currently wrapping up his season on the PGA Tour Canada while earning his Korn Ferry Tour card.

James is the oldest of 5 children. His 2 brothers and 2 sisters are also extremely accomplished athletes!! As James says, "we just have good genes I guess!" haha.

James turned pro in 2019 after finishing his pre med schooling at Yale. He played Hockey and Football at Yale as well, but ultimately golf won his heart!!

Listen to our conversation and we talk about travel, photography, mental health, social media, pro golf, and much more!!

Thank you James. It was a pleasure meeting you!!

For more checkout out these links:

https://newtoyoucharity.org/
https://www.youtube.com/channel/UCfCJNYhniRqWzq5o7vi-72Q
https://www.instagram.com/buttercutspod/
https://www.tiktok.com/@buttercutspod

0:00 Intro.

1:45 Start of interview.

2:40 Ana's "origin story". She was born and raised in Rio do Janeiro, Brazil. She got degrees in law and economics, and started her career in sales at IBM in Brazil in the mid-1980s. In 1992 she moved to the U.S. to get an MBA at Northwestern University. That led to a career of over 30 years in technology, M&A and global business transformations. A couple of years ago she retired from her last job as CEO, and she embarked in her board "portfolio career": public, private and non-profit boards, in addition to teaching and doing some advisory work for CEOs.

4:55 Her advice for aspiring directors: "Think of your board journey as any career." She started serving on non-profit boards and worked her way up to private and public companies. Her first public company board was CME Group. She's served on 7 public company boards, plus many private and non-profit boards.

7:46 Distinctions on serving on public/private/non-profit boards ("even within those buckets there are significant differences.") Her other current public company boards: First Internet Bancorp (NASDAQ: INBK), Carparts.com (NASDAQ: PRTS); Amyris (NASDAQ: AMRS), and Pembina Pipeline (NYSE: PBA). When she thinks about board opportunities, she thinks about three things:

1. Is she aligned with the mission/vision of the company and what it stands for.
2. Does she have the skills, experience, credentials and competencies to add value to the board.
3. Does she like the people (other board members).

12:56 Her experience serving on the board of Eletrobras, a major Brazilian state-owned power generation company. "There is always a give and take --what you offer and what you learn-- and that to me is what makes board service so interesting."

16:27 Her thoughts on the evolution of ESG and DEI. Her article "Cutting Through the ESG Noise: A Practical Framework for Corporate Boards" with Cigdem Oktem, Regional Leader, EY Center for Board Matters.

22:15 Her thoughts on boardroom diversity, SB-826 and AB-979 getting struck down in California Courts. "I wish we didn't have to rely on quotas, but the truth is that when left in the hands of nom/gov chairs, board chairs and companies and executives, [progress] was just not happening."

"All I can hope for is that some halo effect [since SB-826] has demonstrated that having diversity and inclusion on boards is a good business practice."

24:41 On the progress of Latinos on boards. She serves on the board of the Latino Corporate Directors Association (LCDA), co-Chairs its Latino Corporate Directors Educational Foundation (LCDEF) that delivers on the BoardReady Institute (BRI).

28:20 On the politicization of boards. "Over the last three years there has been extreme politicization globally, not only in the U.S." "I am a big proponent of full disclosure on where you stand as an institution and/or corporation."

32:18 Her thoughts on Coinbase's position (a "mission driven company") and Salesforce (strong proponent of stakeholder capitalism). "Both companies took a stand, and that is what's important."

34:52 Her take on governance practices in the tech industry. On the role of experience and self-awareness in leadership.

37:17 Discussion of founder-led tech companies, governance consequences, and reverse bias discrimination. "Revenue is vanity, profit is sanity but cash is reality." "Sometimes there is too much of a good thing." "What is lacking is appreciation and respect for experience."

44:52 The 3 books that have greatly influenced her life:

1. Man's Search for Meaning, by Viktor Frankl (1946)
2. The Alchemist, by Paulo Coelho (1988)
3. Exodus, by Leon Uris  (1958)

46:06- Who were your mentors, and what did you learn from them? "I have had so many, I apply a 360 mentorship model" "I crave feedback and mentorship all the time."

47:05 - Are there any quotes you think of often or live your life by? 

1. "When contemplating an opportunity, if you don't foresee the possibility of death, bankruptcy or prison, then go for it!"
2. "Always think about how to pay it forward" (good karma)
3. Particularly for women who suffer from imposter syndrome: "Remember that you're seeing people from the outside where they seem so confident but you don't know what they are feeling on the inside, so do your thing, walk in confident, don't worry too much about outside influence."

49:16- An unusual habit or an absurd thing that she loves: "Melting chocolate and top it with yogurt or nuts to pretend that it's healthy." Reality TV, she's watched every season of the Survivor!

50:30 - The living person she most admires: her middle sister, a pediatrician in Brazil, "probably the most knowledgeable, powerful and yet so humble and generous."

Ana Dutra is an experienced CEO, business advisor and corporate director of publicly traded, family-owned and private corporations. As CEO of Korn Ferry Consulting, Ana led the global the Board  Effectiveness practice. Ana currently serves as corporate director at the CME Group (NASDAQ: CME), First Internet Bancorp (NASDAQ: INBK), Carparts.com (NASDAQ: PRTS); Amyris (NASDAQ: AMRS), and Pembina Pipeline (NYSE: PBA). She also serves on the Board of the Latino Corporate Directors Association and co-Chairs its Educational Foundation Board. 

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 You can follow Evan on social media at:

Twitter: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

You can follow Evan on social media at:

Twitter: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

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You can join as a Patron of the Boardroom Governance Podcast at:

Patreon: patreon.com/BoardroomGovernancePod

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

This year marks the inaugural PGA Tour University class that will have immediate access to the Korn Ferry Tour and Mackenzie Tour. Like with any new system there have been lots of questions, plenty of conflicting thoughts, and some incorrect information swirling, that may influence players decisions whether to turn pro or come back for one more year of college golf. We decided to go straight to the source.  

Senior Director at the PGA Tour and creator of the PGA Tour University, Brendan von Doehren, joins us to walk through the genesis of PGA Tour U, how the system works, and clarifies some of the questions and misconceptions we have been hearing on the ground. If you are a player, coach, or part of their inner circles you do not want to miss this episode. 

Episode Highlights

• (1:58) How was PGA Tour University created?
• (5:23) Who had input and was consulted?
• (8:42) Benefit to the players and the Tour?
• (11:32) Who is eligible in the rankings?
• (13:16) How do the rankings work?
• (14:00) What events count and why?
• (17:44) What access to Korn Ferry and other tours is available?
• (26:48) How much movement in the rankings is expected the last couple months?
• (31:23) How will the rankings look next year?
• (34:29) Ho will players in the rankings this year who come back, fit in to next year’s rankings?

Professional Golfers have one of the most unique tax situations of all individuals. We tend to see the same mistakes made over and over when we review new clients previous tax returns. It typically comes down to a lack of knowledge and expertise in how to work with athletes. Your team should be doing everything possible to keep as much money under your control now and minimize your tax liability over the long haul as well.

In this episode we will discuss the three most common Mistakes that we see when it comes to taxes. There are different strategies that professional golfers should be utilizing in high tax years and low tax years, and there are some foundational planning items that should be in place year-round. Why pay more in taxes than you have to?!

Episode Highlights

• (1:10) The two things we see wrong with quarterly estimated taxes
• (3:49) Why your tax planning should be a 365 day per year endeavor
• (4:30) Not taking advantage of retirement plan contributions
• (5:13) SEP IRA vs individual 401k
• (8:37) Actions in a low tax year
• (10:31) Mistakes with residency days

Download your free resource at awmcap.co/pga15

Though tax planning is a year round process, the culmination of tax planning each year is tax filing. Most people are familiar with filing their taxes by April 15th, but what are you doing throughout the year to make sure that you are being as tax-efficient as possible?

This week we discuss the different tax documents you will be receiving and what you and your tax team will need to make sure all is accounted for. We go over some of the commonly overlooked items, tax deductions specific to professional golfers, and clarify some of the myths on what you can and can not deduct.

Episode Highlights
1:30 – What you will get from the Tour
2:00 – Tax documents you need
3:00 – Avoid amending your taxes: often overlooked tax documents
3:45 – Foreign tax documents
5:12 – Ways to reduce what you pay in taxes
7:15 – “Tax efficiency is going to be such a good way for you to maximize the money in your pocket now”
8:30 – What is deductible and what is not deductible

The single most important driver of your Net Worth is your physical ability to play golf. If you are hurt or sick and cannot play for an extended period, this has significant impact on your earnings. Not only does it impact your on-course earnings, but it can affect your endorsement deals as well. So why is disability insurance one of the most overlooked parts of players’ financial structures?

The Tour has a disability policy for players with certain exempt status. It is meant to help if you get hurt/sick, but not cover everything. It is important to know what you get as a benefit and when you can receive it if you were to be eligible. Chances are what the Tour supplies, (PGA or Korn Ferry) is not going to be enough to cover what you need. In this podcast we will discuss the unique disability needs of professional golfers and what you can do about it.

Episode Highlights

• 2:00 – “If you get hurt or sick…what are you going to do?”
• 3:22 – Coverage on the PGA Tour
• 4:20 – When would I start getting the benefit?
• 6:12 – Coverage on the Korn Ferry Tour
• 7:15 – Protecting your wealth and future wealth
• 8:03 – “This is one of the biggest gaps I see”
• 8:57 – Top players coming out of college
• 11:20 – Rely on your team to determine the right amount and right type
• 13:00 – Career Ending Injury
• 13:30 – Anthony Kim example

Waste Management Open week is unlike any other on tour. It brings with it all sorts of craziness: sometimes good sometimes bad. This is a good reminder that sometimes things go wrong off the golf course and can potentially have a major impact on your finances if not protected correctly.

As an athlete you are a public figure and for all the good that brings, it can also be a target on your back. From minor car accidents, someone getting hurt on your property, to dog bites and parties, if someone sees an opportunity to sue, they will. Make sure you understand how to protect yourself from unforeseen liabilities and keep your personal assets and business assets separate so that you maintain proper protection.

As a professional golfer you have been given an opportunity to lead by example. Many athletes use their platform to lead in different ways. Giving back to charities and foundations can be a big part of leading your community. I highly encourage you to get involved, whether financially, with your time, or both.

When making donations, raising funds, or starting a foundation make sure that you know the keys to success and how to maximize your impact. Being strategic with how you donate and are financially involved can have a bigger benefit for the places you support and create more savings on your taxes. Be the best in every element of your world!

Episode Highlights

• The importance of giving back (00:01)
• Figuring out who to support and how to support (00:54)
• Should you consider tax deductions with giving? (01:46)
• Starting a foundation, donor-advised funds, and direct giving (02:47)
• Donating shares of stock (04:31)
• Things to consider before starting a foundation (05:41)
• The goal of maximizing your net worth (7:30)

As a professional athlete, you are presented with all sorts of investment opportunities. Is buying into an IPO a good idea? What do you need to know before investing in a company that has just gone public? Are you compensated for the added fluctuation in price with higher average returns?

Let’s look behind the curtain and understand what risks we are taking that may not be obvious. We will also discuss opportunities to possibly invest in companies before their IPO to increase potential returns. Lastly, and most important, where should you be financially before you even think about investing in start up companies, whether through an IPO or Venture Capital.

Episode Highlights

• 2:02 – Door Dash's stock price was up 80% from it's IPO price on day 1, who made all the money?
• 4:06 – Where is Door Dash’s stock price 1 month later
• 5:30 – How do IPOs do in the long run?
• 6:48 – How to get in before the IPO, going from $22/share to $182/share
• 8:00 – What money should we use to invest in higher risk investments like IPOs
• 10:42 – Who to talk to about investing in an IPO or new venture

Though you travel all over the world during the season, where you spend time in your off weeks can impact your taxes. There can also be a lot of bad advice when it comes to your permanent residence that you might receive that typically does not work and can end up coming back to bite you later. There is also a lot of bad advice out there when it comes to what matters when proving where your state of residence is, that typically does not work and can end up coming back to bite you later.

In this episode, Aaron breaks down a framework of the two biggest questions to ask yourself when deciding where you want to live, the differences between how your on-course and off-course earnings are taxed, and shares some of the implications to your taxes and your game that you may not have considered before.

Episode Highlights

• The two big questions to consider when deciding where to live in the off season (00:56)
• The differences between on-course and off-course earnings (1:50)
• The important considerations in filing for residency (3:32)
• The details states look for when determining your residency (5:08)
• If you have kids – everything else with residency goes out the window (5:51)
• Why you shouldn’t determine residency just on tax savings alone (6:04)
• The questions to consider when determining your permanent residence (7:30)

One of the first pieces of advice many pro athletes hear, regardless of the sport, is that they should set up an LLC or corporation although the reasons given for doing this can range anywhere on the spectrum of the plausible to absurd. Our job here at the PGA Players’ Podcast is to demystify the amateur advice and instead provide the professional advice you deserve.

There are certainly advantages to making this move for the right athlete. Specifically, having an LLC set up can help protect you from unforeseen liabilities and can also help you avoid or reduce some of your taxes.

Join Aaron Goldberg, CFP®, and business partner and AWM Capital co-founder Erik Averill, CFP®, CPWA®, CKA® as they discuss this topic and more including:

• The two main advantages to setting up an LLC (1:05)
• How the PGA is different than other sports like MLB or NFL (2:03)
• The importance of protecting against liabilities (3:03)
• Piercing the corporate veil (5:01)
• 1099 vs W2 income (6:47)
• “From the tax point of view, this is where golfers are so unique compared to other athletes.”
• When it can be beneficial to not be taxed as an S corp (9:03)
• Ongoing tax planning: It’s all about your financial structure (9:28)
• Name, Image, Likeness: The important steps for college golfers, agents, and family members (10:15)
• Advanced planning (11:18)
• Keeping income in the household, lowering tax liability (12:53)
• 401k or Roth 401k: Why you need a personalized, customized solution (13:31)

Coming from humble beginnings, professional golfer Tony Finau has not forgotten his roots or the true source of the blessings he enjoys. He carries with him the hopes and dreams of the people who made sacrifices to help him arrive where he is at today. Recognizing that on the golf course he is a representative of Jesus Christ and a conduit of His light, Finau also knows that when he goes home at the end of a tournament, he is going home to what is most important. On this week’s episode, we talk about why he is determined to not take anything for granted.

"Sometimes that person that He wants me to be isn't the person that I want to be. But as you pray, these things, they can coexist. Your will turns to His and you can start to do some cool things. You start to see your life change in a way that you would never imagine because you have prayed often enough to know that He's got a better plan for you than then you have for yourself."

Show Notes

2:14- Three Rules From Dad
6:31- The Source of Hope
8:26- Humble Beginnings
11:17- Representing a People
13:37- Remembering Who We Used To Be
16:29- What Golf Teaches You
19:51- Golfing with Tiger
22:34- A Mother’s Love
25:18- Second Nicest Guy on the PGA Tour
28:07- Family, Faith, and Golf
37:36- Prayers of Gratitude and Radiating Light
41:56- What Does It Mean To Be All In the Gospel of Jesus Christ

Find the full episode transcript at ldsliving.com/allin.

See omnystudio.com/listener for privacy information.

Leo Harmon shares his top resource materials with our listeners (50:20):

I'd like to share a couple of good books that I've read this year that deal with the structure of inequity and how it has a real deleterious impact on society. One would be Caste by Isabel Wilkerson. There's another book called The Sum of Us by Heather McGhee which really talks about how  zero-sum outcomes in society really bring everyone down. And if we can expand the pie, we can have a much more prosperous society. One of the books I've read from one of our consultants, Andres Tapia,  The Five Disciplines of Inclusive Leaders, has been really instructive in helping with my thought process. Andres has been a thought leader in this space for a long time and does a lot of good work.

And then there are lots of websites that are just chock full of data around a lot of these items. So the Society for Human Resource Management,  Korn Ferry,  McKinsey has done a ton of work around DEI initiatives. As well as Boston Consulting. You know, all of those folks have done a good job. And so if you, if you truly value this work and think it can be valuable to your organization,  those would be some of the action items I would leave with you in order to better increase your framework and your thought process around these initiatives.

Thank you for listening to "Can You Hear Me?". If you enjoyed our show, please consider subscribing and leaving a review on your favorite podcast platform.

Stay connected with us:

• Follow us on LinkedIn!
• Follow our co-host Eileen Rochford on Linkedin!
• Follow our co-host Rob Johnson on Linkedin!

This year marks the inaugural PGA Tour University class that will have immediate access to the Korn Ferry Tour and Mackenzie Tour. Like with any new system there have been lots of questions, plenty of conflicting thoughts, and some incorrect information swirling, that may influence players decisions whether to turn pro or come back for one more year of college golf. We decided to go straight to the source.  

Senior Director at the PGA Tour and creator of the PGA Tour University, Brendan von Doehren, joins us to walk through the genesis of PGA Tour U, how the system works, and clarifies some of the questions and misconceptions we have been hearing on the ground. If you are a player, coach, or part of their inner circles you do not want to miss this episode. 
 

Episode Highlights

• (1:58) How was PGA Tour University created?
• (5:23) Who had input and was consulted?
• (8:42) Benefit to the players and the Tour?
• (11:32) Who is eligible in the rankings?
• (13:16) How do the rankings work?
• (14:00) What events count and why?
• (17:44) What access to Korn Ferry and other tours is available?
• (26:48) How much movement in the rankings is expected the last couple months?
• (31:23) How will the rankings look next year?
• (34:29) Ho will players in the rankings this year who come back, fit in to next year’s rankings?

Professional Golfers have one of the most unique tax situations of all individuals. We tend to see the same mistakes made over and over when we review new clients previous tax returns. It typically comes down to a lack of knowledge and expertise in how to work with athletes. Your team should be doing everything possible to keep as much money under your control now and minimize your tax liability over the long haul as well.

In this episode we will discuss the three most common Mistakes that we see when it comes to taxes. There are different strategies that professional golfers should be utilizing in high tax years and low tax years, and there are some foundational planning items that should be in place year-round. Why pay more in taxes than you have to?!

Episode Highlights

• (1:10) The two things we see wrong with quarterly estimated taxes
• (3:49) Why your tax planning should be a 365 day per year endeavor
• (4:30) Not taking advantage of retirement plan contributions
• (5:13) SEP IRA vs individual 401k
• (8:37) Actions in a low tax year
• (10:31) Mistakes with residency days

Download your free resource at awmcap.co/pga15