FOMO Or JOMO?
The CEO Magazine - ANZ|April 2020
By giving in to fomo, we waste not just huge amounts of emotional energy, but time too.
Amantha Imber
FOMO Or JOMO?

Recently I was in a video conference with around 20 other attendees. It was run by the organisers of a fast-growth technology company’s global summit. All attendees had been selected to present at the summit and the call’s purpose was to learn about presentation strategies.

At this point, I need to confess something: The organisers had actually told me I didn’t need to attend this meeting, as it was only for first-time speakers. Despite this, something compelled me to hop on the call, for fear that I might miss some gem of wisdom.

The meeting was booked for two hours and, at the 20-minute mark, I decided to surreptitiously drop off the call. I had realised, even as an organisational psychologist who is well versed in FOMO (Fear Of Missing Out), I had given in to its siren song. And I needed to reclaim the rest of the one hour and 40 minutes I could potentially lose.

FOMO is rife in most offices. We expect to be copied in every email that might possibly relate to our projects or our team, we accept meeting invitations that we don’t really need to attend, and we unhappily glance at the huge number of ‘likes’ everyone else’s LinkedIn posts seem to attract.

By missing out on a call, email or meeting, we worry that we won’t gain that critical piece of information needed to make our project a success. We worry we will miss that moment to shine in our boss’s eyes. And by giving in to FOMO, we waste not just enormous amounts of emotional energy, but time, too.

According to Social Comparison Theory, we are hardwired to compare ourselves with others. But when it comes to FOMO, the specific type of comparison we make is an ‘upward comparison’, where our target is someone who is seemingly doing much better than us. By contrast, our career is always going to be doomed to failure.

This story is from the April 2020 edition of The CEO Magazine - ANZ.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the April 2020 edition of The CEO Magazine - ANZ.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM THE CEO MAGAZINE - ANZView All
There Were No Unknowns For Us
The CEO Magazine - ANZ

There Were No Unknowns For Us

Putting discipline at the core of figurehead construction helped it survive both the global financial crisis and the covid-19 pandemic, says managing director Joe Grasso.

time-read
5 mins  |
September 2021
The Future Is Digital
The CEO Magazine - ANZ

The Future Is Digital

We are watching a lot more television as a result of the pandemic, but as the senior vice president, head of streaming for 10 viacomcbs Liz Baldwin explains, the way we view it has totally changed.

time-read
10 mins  |
September 2021
The Ultimate Investments
The CEO Magazine - ANZ

The Ultimate Investments

With the global economic recovery from the pandemic underway, many analysts are suggesting now is the time to invest – but will whisky, soybeans or bitcoin find a way into your portfolio?

time-read
5 mins  |
September 2021
Once in a LIFETIME
The CEO Magazine - ANZ

Once in a LIFETIME

CO-FOUNDER AND MANAGING DIRECTOR OF INTEGRITI PROJECTS ANDREW STENOS IS BUILDING MORE THAN BESPOKE HOMES. HE’S ALSO BUILDING DREAMS FOR CLIENTS WHO KNOW EXACTLY WHAT THEY WANT.

time-read
4 mins  |
September 2021
PUTTING FAMILY FIRST
The CEO Magazine - ANZ

PUTTING FAMILY FIRST

COUNTRY LIVING HOMES MANAGING DIRECTOR MARK RAVENSCROFT HAS OVERSEEN IMPRESSIVE GROWTH, BUT NEVER LOST SIGHT OF WHAT MAKES THE SOUTH AUSTRALIAN CONSTRUCTION BUSINESS SUCH A SUCCESS.

time-read
4 mins  |
September 2021
“A SAFER COMMUNITY IS MY MAIN PRIORITY”
The CEO Magazine - ANZ

“A SAFER COMMUNITY IS MY MAIN PRIORITY”

ULTIMATE SECURITY CEO NASSIM SAID HAS BUILT A HIGH-TECH SECURITY ORGANISATION FROM THE GROUND UP, ALWAYS WITH COMMUNITY SAFETY IN MIND AND AN INSISTENCE ON FAMILY VALUES.

time-read
5 mins  |
September 2021
We Did It Our Way.
The CEO Magazine - ANZ

We Did It Our Way.

WHEN STEVEN SIMEONI FOUNDED TAS CITY BUILDING, HE KNEW HE WANTED TO DO THINGS DIFFERENTLY.

time-read
3 mins  |
September 2021
FROM PRECISION TO PREZZEE
The CEO Magazine - ANZ

FROM PRECISION TO PREZZEE

A COMMERCIAL PROPERTY BARON AT 24, PRECISION GROUP BILLIONAIRE SHAUN BONÉTT HAS BUILT HIS CAREER ON UNDERSTANDING THE RETAIL MARKET. NOW HE’S INTRODUCING PREZZEE, THE DIGITAL GIFT CARD PLATFORM THAT’S CHANGING THE WAY WE GIVE.

time-read
10+ mins  |
September 2021
HIGHWAY STAR
The CEO Magazine - ANZ

HIGHWAY STAR

IN REGIONAL AUSTRALIA, WHERE TRUCKS ROUTINELY NAVIGATE VAST STRETCHES OF HIGHWAY, THE ROAD BETWEEN AGRIBUSINESS AND COMMUNITY IS SHORT. DENILIQUIN FREIGHTERS IS AN OLD HAND AT THAT ROUTE, WHICH CEO VICKI MEYER SAYS IS ITS MOST IMPORTANT ONE.

time-read
4 mins  |
September 2021
BENEATH THE SHEETS
The CEO Magazine - ANZ

BENEATH THE SHEETS

A GOOD NIGHT’S SLEEP GOES A LONG WAY TOWARDS MENTAL WELLNESS, AND AH BEARD CEO TONY PEARSON BELIEVES THE OFT OVERLOOKED MATTRESS IS THE ESSENTIAL INGREDIENT.

time-read
4 mins  |
September 2021