Want to Earn More, Then Read More – 230% More

Last night, I was reading a book by David Cottrell called Tuesday Morning Coaching, and I ran across a statement that surprised me. I thought it was important enough to share with you. “According to the U.S. Labor Department, business people who read at least seven business books per year earn over 230 percent more than people who read just one book per year.“

This makes sense to me. People who want to be and stay successful are constantly learning. Reading is a great way to tap into new ideas regardless of your discipline.

While I was exploring the Internet, I found it surprising that 25% of Americans have not read a book in the past year. Several other sources highlight CEOs are reading 4-6 books… per month. While have not confirmed these numbers, I read some time back that Bill Gates would collect books, and twice a year would take a two-week vacation simply to read and make notes. This speaks volumes to the power and necessity of reading for professional development.

In a recent survey with some of my colleagues, they reported they read regularly in order to stay abreast of changes in their specialty and to be better educators (Skrabut, 2011). However, the organization can take further steps to encourage reading. Organizations can support informal learning by encouraging professional reading as well as including current reading as part of staff discussions (Bell, 1977). Organizational leaders should share the books and articles they are reading (Tobin, 2000). I think the Air Force does a great job promoting reading. Each year, the Air Force Chief of Staff puts out a professional reading list.

Does your organization have a professional reading list? If so, please comment below.

Unlock Your Potential Through the Power of Reading! What if one simple habit could transform your personal and professional life? Reading opens doors to new ideas, expands your knowledge, and creates opportunities for success. In Read to Succeed, Stan Skrabut explores how books can become powerful tools for lifelong learning and /personal growth. Discover practical strategies for developing a consistent reading habit, choosing books that support your goals, and turning knowledge into meaningful action. Your next chapter of success begins with your next book! Discover Read to Succeed →

Reference

Bell, C. R. (1977). Informal learning in organizations. Personnel J, (6), 280. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&db=agr&AN=CAIN779442742&site=ehost-live

Skrabut, S. A. (2011). An examination of informal learning strategies for University of Wyoming Cooperative Extension Service educators. Manuscript submitted.

Tobin, D. (2000). All learning is self-directed: How organizations can support and encourage independent learning. Alexandria  VA: ASTD.

United States Department of Labor, Survey by Yahoo! Chief Solutions Officer Tim Sanders and Business Majors, Survey by Bersin & Associates, How Executives Stay Informed.