"The 100-Hour Rule: Forgotten Study Shows How You Can Become World-Class In 100 Hours" + "Kudos: Employee Appreciation in 2021 [Complete Guide] | Blog | Matter"

"The 100-Hour Rule: Forgotten Study Shows How You Can Become World-Class In 100 Hours" + "Kudos: Employee Appreciation in 2021 [Complete Guide] | Blog | Matter"

Introduction:

In our quest for mastery and success, we often come across two seemingly unrelated concepts: the 100-Hour Rule and employee appreciation through Kudos. While these may appear distinct, they share common ground in their ability to accelerate growth and maximize potential. By understanding the principles behind both the 100-Hour Rule and the power of Kudos, we can unlock new pathways to success and cultivate a culture of recognition and motivation within our organizations.

The 100-Hour Rule: Fast Results and Micro-Skills

The 100-Hour Rule challenges the notion that it takes 10,000 hours to master a skill. Instead, it proposes that by breaking down skills into rare and valuable micro-skills, one can achieve world-class competence in just 100 hours of deliberate practice. This rule offers several advantages, one of which is the ability to see fast results. As Josh Kaufman states, many skills are not enjoyable until we become proficient in them. The frustration barrier can be overcome more quickly when we focus on micro-skills and make progress in shorter timeframes.

Furthermore, the benefits of learning grow exponentially as we transition from novice to competent to world-class. This stacking approach mirrors the strategies employed by top entrepreneurs and investors. Sequencing markets correctly and gradually expanding our expertise allows us to dominate specific niches before scaling to adjacent markets. This concept aligns with Warren Buffett's Circle of Competence, emphasizing the importance of staying within our areas of comparative advantage.

Identifying $1,000/hour Skills and the Value of Kudos

To harness the power of the 100-Hour Rule, it is crucial to identify the $1,000/hour skills with little competition. By plotting the micro-skills on a graph and considering the theoretical value employers or customers would pay for each skill, we can pinpoint valuable and rare skills. Peter Thiel's advice to target smaller, underserved micro-niches resonates here, as it allows us to focus on areas where we can truly excel.

In parallel, the concept of Kudos emerges as a means of recognition, appreciation, and honor within the workplace. Originating from an ancient Greek word meaning "glory" or "praise," Kudos holds the power to motivate and inspire employees. The act of giving Kudos liberally to deserving individuals cultivates a culture of appreciation and fosters a sense of belonging and respect. Moreover, Kudos can take various forms, such as email or handwritten notes of thanks, shoutouts on Kudos software platforms like Slack, physical awards, or even Kudo-candy.

Actionable Advice:

• 1. Embrace the 100-Hour Rule: Break down skills into micro-skills and focus on deliberate practice within specific niches. By identifying and honing in on valuable and rare skills, you can accelerate your journey to world-class competence.

• 2. Cultivate a Culture of Kudos: Incorporate regular recognition and appreciation into your workplace. Encourage employees to give Kudos to their colleagues, fostering a supportive and motivating environment.

• 3. Personalize Recognition: Tailor the form of recognition to suit individual preferences. Some may appreciate public shoutouts, while others may prefer private notes or small gestures. Understand what resonates with each employee and make your recognition efforts meaningful and personal.

Conclusion:

The convergence of the 100-Hour Rule and the power of Kudos provides a unique perspective on achieving excellence and fostering a positive work environment. By embracing the 100-Hour Rule, we can expedite our path to mastery by breaking skills into micro-skills and focusing on valuable niches. Simultaneously, implementing a culture of Kudos allows us to recognize and appreciate the efforts of our colleagues, fueling motivation and fostering a sense of belonging. Let us embrace these principles, unlock our potential, and create a workplace that celebrates growth and recognition.