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Golden Oldies: Coming or Going?

Monday, April 18th, 2016

It’s amazing to me, but looking back over the last decade of writing I find posts that still impress, with information that is as useful now as when it was written. Golden Oldies is a collection of what I consider some of the best posts during that time.

I was reminded of this particular post when I read two Harvard articles, How to Hire a Millennial and What Do Millennials Really Want at Work? The Same Things the Rest of Us Do. It’s been such a joke to me ever since the Millennials hit the marketplace. Reading/hearing and working with clients, all freaking out on how to attract a workforce so different from the Boomers and Gen X. Ha! I said it then and Harvard says it now — people of any age pretty much want the same things from their employers; nothing new except how long they’ll wait to get them. Read other Golden Oldies here.

http://www.flickr.com/photos/shinazy/7310391140/Bosses across the spectrum are wringing their hands and worrying about creating an environment that will attract and retain young workers, while still motivating and retaining the rest.

It would be amusing to watch them try and jump through the required hoops if it wasn’t so sad.

Sad because so many of the required behaviors aren’t new.

The Millennials are demanding what people have wanted all along.

Yes, there are differences between what Millennials, Gen-X and Boomers want, but the important cultural basics are the same.

The biggest difference is patience, i.e., how long they will stay when not getting what they want?

Millennials want their work to matter; they want to be heard, recognized, challenged, mentored and grow.

Correcting for descriptive language, there is nothing new on that list from what good workers have wanted for decades.

So what changed; why is it so imperative now?

Partly the numbers.

In America its staff are young: 62% are from Generation Y, 29% are from Generation X and just 9% are baby-boomers.

But mostly the impatience. The young vote with their feet far more easily than older workers because they have less to lose—no mortgage, no kids and responsible only for themselves—and the economy improves Gen-X and the Boomers will also vote more quickly with their feet.

Google is often portrayed as the embodiment of millennial-friendly work practices. But Laszlo Bock, a human-resources chief at the internet firm, points out that it has workers as old as 83. And he argues that the only thing different about Generation Y is that it is actually asking for the things that everybody else wants.

The improving economy is a sword over every boss who considers talent replaceable and, therefore, expendable.

Bosses don’t need Google-style perks to hire and keep great talent, but they do need to create a culture that provides the intangible wants, whether in synergy with or in spite of what their company does.

Flickr image credit: Bitchin’ Ol’ Boomer Babe

 

The More Things Change…

Monday, December 15th, 2014

https://www.flickr.com/photos/croweb/2836990301

the more they stay the some.

Does this sound familiar?

“Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannize their teachers.”

The result of a new study? The words of a trusted expert?

No, it’s a quote from Socrates (469-399 B.C.).

Just as the Boomer generation was defined by the actions of a large minority, not all Boomers did drugs and dropped out, so the millennial generation has been defined by another large minority.

But they are a minority.
New patterns show they may not be as self-absorbed as they first appeared — maybe as a result of ageing.

But a very different picture of millennials emerges from what may be the most illuminating literary project of our era, the Pew Research Center’s sequence of reports on millennials. The 2010 edition, subtitled “Confident. Connected. Open to Change,” offered an X-ray of its first wave, the “roughly 50 million millennials who currently span the ages of 18 to 29.”

After all, you wouldn’t expect a 29-year-old’s attitudes and goals to be the same as an 18-year-old’s.

Socrates’ words show two things clearly.

  1. Every generation has been sure that the following generation will be the downfall of the human race.
  2. Every generation has been wrong.

Flickr image credit: Ben Crowe

Bottom Line Rocket Science

Wednesday, November 19th, 2014

https://www.flickr.com/photos/jurvetson/6126129360

What do SAS; Warby Parker and Toms Shoes; FullContact; Petagonia have in common?

Flexibility, AKA work/life balance.

I’ve written about all of them and for the same reason—they get it.

They get that people are their most valuable asset; they get that replacing them costs far more than the cost of an ad; they get that top talent is looking for more than a fat paycheck.

Lisa Horn, who tracks workplace policies for the Society for Human Resource Management, which represents more than 200,000 members from the HR departments of companies around the world, said many businesses, which, since the Great Recession, have forced employees do more with less, are facing new realities: Millennials who value time for both work and life, and fierce competition for the most highly skilled employees who can easily jump ship for something better. “Already 87 percent of employees say flexibility and balance is important or very important in their next job. So it would behoove companies to adopt these strategies for competitive advantage.”

Companies that get it thrive and not just in the short term.

SAS has been doing it successfully since 1976; so much so that Google’s very own Larry Page and Sergy Brin visited to learn SAS’ approach.

Family-owned Patagonia has doubled in size and tripled in profits since 2008; it has 2,000 employees around the globe and minimal turnover.

A comment from TSD (10/24/2014 5:38) on the Petagonia article sums it up nicely.

I never have figured out why treating your workers well is such a hard concept for so many businesses. I work harder and faster and better when I’m happy and not terrified. Granted, I’ve never owned a business, but it seems pretty simple. Miserable workers will not be productive.

It’s not rocket science—or maybe it is.

Flickr image credit: Steve Jurvetson

Ducks in a Row: Old White Guy MAP

Tuesday, August 12th, 2014

https://www.flickr.com/photos/fortunelivemedia/8963857659On August Max Schireson voluntarily stepped down from his CEO role to become Vice Chairman of MongoDB.

He did it to spend more time with his family.

He wasn’t forced out and no pressure was applied.

Schireson took a hard look at his life and decided that, based on his personal value system, he needed to change it.

It wasn’t bad, just not what he wanted it to be.

My hat is always off to everybody who puts their personal values ahead of the way our society scores the game.

But what about the countless men who would make the same choice if circumstances didn’t prevent it?

The same things that impede women from viably combining aggressive careers with family also impede men—in spades to at least the 10th power.

The people who want to see their kids grow up; want a relationship with kids and spouse, want choice-sans-repercussions, want to live their values aren’t a minority.

Jack Welch famously stuck his foot in his mouth on this subject.

Five years later the old white guys are still running 75% of the Fortune 500 and many are still saying the same thing—as are too many of the 25% who are neither old, nor white, nor guys.

But what I find truly depressing is the prevalence of old-white-guy MAP in Millennials.

Image credit: Fortune Live Media

Workforce USA

Monday, June 23rd, 2014

Were you shocked when you learned that the US didn’t make the top ten in healthcare, based on criteria of quality, access, efficiency, equity and healthy lives?

It’s fairly well accepted that the U.S. is the most expensive healthcare system in the world, but many continue to falsely assume that we pay more for healthcare because we get better health (or better health outcomes).

The top ten in order are United Kingdom, Switzerland, Sweden, Australia, Germany & Netherlands (tied), New Zealand & Norway (tied), France and Canada.

The US has long been the subject of global envy for the financial strength of our middle class, but no more.

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

What does this mean for those who graduated into the 2008 financial meltdown, one in five of whom have moved back with their parents?

And while much of the discussion about economic inequality has centered on the top 1 percent, it’s the gap between the top 20 percent and the rest that’s more salient to young people. (…) This uncomfortable fact, which many economists have recently accepted, suggests that we are living not simply in an unequal society but rather in two separate, side-by-side economies.

But cheer up; you only have to be in the 95th percentile, not the 1%, to be back among the envied.

How can that be? What about all the jobs created by companies such as Google and Facebook?

It’s easy to understand if you consider what the fastest growing jobs in the US are.

Click to enlarge

Click to enlarge

As to American inventiveness and the much ballyhooed entrepreneurial spirit so richly displayed by a few Millennials, consider which actually is the most innovative country in the world.

Germany does a better job on innovation in areas as diverse as sustainable energy systems, molecular biotech, lasers, and experimental software engineering. (…)  But the fairy tale that the U.S. is better at radical innovation than other countries has been shown in repeated studies to be untrue. Germany is just as good as the U.S. in the most radical technologies.

What’s more important, Germany is better at adapting inventions to industry and spreading them throughout the business sector. Much German innovation involves infusing old products and processes with new ideas and capabilities or recombining elements of old, stagnant sectors into new, vibrant ones.

Perhaps it’s time for us—business leaders, religious leaders, politicians of all flavors and just plain folks—to take our collective heads out of the sand and do what it takes to turn things around.

Image credit: BLS

Ducks in a Row: the Need to Change

Tuesday, January 21st, 2014

http://www.flickr.com/photos/44148352@N00/3726480621/

Media, including me, have termed Millennials the “entitled generation,” but, as with most things, there are two sides to the coin.

Over the last few years I’ve written about what I call “aMillennials” and I still think the term is apt.

As they age, the difference has become clearer.

Some Millennials still seem to think they are entitled to a job because they are there and promoted because they show up; in general, they feel they are owed something by the world at large.

aMillennials believe they should be hired because they can contribute, challenged to grow and that hard work will get them promoted.

They also have the silly idea that there is more to life than work.

 “There’s a huge gap across the generations in terms of how people look at the whole question of time and commitment and what that means,” said Stewart D. Friedman, director of the Wharton Work/Life Integration Project and the author of “Baby Bust: New Choices for Men and Women in Work and Family.”

They crave transparently, have little patience with corporate games and vote with their feet when stymied.

“People are just more disaffected now with that kind of lifestyle and want to have a greater sense of control,” Mr. Friedman said. “Where companies don’t provide that sense of meaning and purpose, their brand as employer is weakened. They’re not going to be able to compete for the best and the brightest.”

aMillenial-style entitlement is even invading the hallowed halls of Wall Street.

“The longstanding tradition of 100-hour work weeks, that’s not going to be easy to change, but I applaud these efforts,” Mr. Friedman said. “The young people, after two years in an analyst program at a bank on Wall Street, they’re burnt out, they’re saying ‘I don’t want to live like this.’”

Given the attitude, you can expect careers, from medicine to finance, that have historically included long hours, total immersion, high stress and total commitment to change and the changes will be wrenching.

What it means to business, both large and small, is a willingness to provide meaningful work as opposed to just a paycheck—no matter how fat.

Please join me Friday for a first person look at this change and another view on what’s driving it.

Flickr image credit: Jannes Pockele

Are You a Giver or a Taker?

Wednesday, December 4th, 2013

http://www.flickr.com/photos/paulbrigham/9073215216/sizes/o/in/photostream/Experts love to study the Millennials and make wonderful pronouncements across an entire generation.

The latest research looks at what Gen Y wants from their career—meaning or happiness.

  • Meaning our lives have purpose, value, impact and usually a feeling of being connected to a larger goal.
  • Happiness is more self-directed with a laser focus on ‘me’.

In everyday terms you are a giver or a taker.

Those who reported having a meaningful life saw themselves as more other-oriented — by being, more specifically, a “giver.” People who said that doing things for others was important to them reported having more meaning in their lives. This was in stark contrast to those who reported having a happy life. Happiness was associated with being more self-oriented — by being a “taker.”     …  Having children, for instance, is associated with high meaning but lower happiness. Having children, for instance, is associated with high meaning but lower happiness.

Funny; the giver/taker label seems to fit every person I’ve ever met.

While I’m not a trained professional, I don’t see where they are mutually exclusive—children obviously provide meaning, but they also make most parents happy.

The problem Millennial studies have is the same as the studies of the Boomers, i.e., 80 million individuals make generalizations questionable; however, one point does make a lot of sense.

Millennials have been forced to reconsider what a successful life constitutes. By focusing on making a positive difference in the lives of others, rather than on more materialistic markers of success, they are setting themselves up for the meaningful life they yearn to have…

Yup; nothing like a crappy economy to undercut an entitled mindset.

Flickr image credit: One Way Stock

If the Shoe Fits: Making DIY Management Work

Friday, November 8th, 2013

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mKG Charles-Harris, EMANIO founder/CEO, sent me a link about GitHub’s lean, “DIY management strategy pulled from the open-source world” and asked me what I thought.

So I read the article.

Open source lends itself to a great culture with a few caveats.

  • All of the approaches and actions described are based on 100% superlative, open, honest, direct, no-game communications, with no exceptions, which aren’t typical of the human race.
  • Millennials are impatient and will vote more quickly with their feet; HOWEVER, that may change as they marry and take on mortgages, kids, etc. High risk is more acceptable when you have little to lose.
  • The larger/faster a company grows the more difficult to keep hiring for cultural fit; and
  • the more difficult it is to keep the micro cultures that form under each leader (whether manager or not) aligned.

There is an underlying problem with stories about cultures like GitHub’s even with in-depth explanations of how and why they work.

Too often, founders who crave the results will try to implement the strategy without taking time to lay the groundwork.

Without the right cultural MAP (mindset, attitude, philosophy™) in place, a deep understanding of their own MAP and a good hiring process that ensures cultural fit, the results will probably be disappointing.
Image credit: Hiking Artist

Coming or Going?

Wednesday, October 23rd, 2013

http://www.flickr.com/photos/shinazy/7310391140/Bosses across the spectrum are wringing their hands and worrying about creating an environment that will attract and retain young workers, while still motivating and retaining the rest.

It would be amusing to watch them try and jump through the required hoops if it wasn’t so sad.

Sad because so many of the required behaviors aren’t new.

The Millennials are demanding what people have wanted all along.

Yes, there are differences between what Millennials, Gen-X and Boomers want, but the important cultural basics are the same.

The biggest difference is patience, i.e., how long they will stay when not getting what they want?

Millennials want their work to matter; they want to be heard, recognized, challenged, mentored and grow.

Correcting for descriptive language, there is nothing new on that list from what good workers have wanted for decades.

So what changed; why is it so imperative now?

Partly the numbers.

In America its staff are young: 62% are from Generation Y, 29% are from Generation X and just 9% are baby-boomers.

But mostly the impatience. The young vote with their feet far more easily than older workers because they have less to lose—no mortgage, no kids and responsible only for themselves—and the economy improves Gen-X and the Boomers will also vote more quickly with their feet.

Google is often portrayed as the embodiment of millennial-friendly work practices. But Laszlo Bock, a human-resources chief at the internet firm, points out that it has workers as old as 83. And he argues that the only thing different about Generation Y is that it is actually asking for the things that everybody else wants.

The improving economy is a sword over every boss who considers talent replaceable and, therefore, expendable.

Bosses don’t need Google-style perks to hire and keep great talent, but they do need to create a culture that provides the intangible wants, whether in synergy with or in spite of what their company does.

Flickr image credit: Bitchin’ Ol’ Boomer Babe

Ducks in a Row: the Fallout of Family-style Culture

Tuesday, October 8th, 2013

http://www.flickr.com/photos/shankaronline/8454251331/

A recent study found that Millennials want their bosses to act more like a parent and a whopping 71 percent want co-workers to be a second family.

And companies are rushing to provide the desired environment.

…training its managers to respond and give more guidance, like a parent would, and show young workers a path to upward mobility. (…) “We are a social-networking generation, which is why communication is so important to us,” said Jeremy Condomina, a 27-year-old business analyst and computer-system trainer with Dade Paper in Miami. “Whether or not we hang out outside of work, we want to know that we have a work family and even if we step on toes, it’s going to be OK.”

But what happens when

  • A ‘sibling’ is terminated?
  • The economy falters/crashes and half the ‘family’ is laid off?
  • The much loved parent-boss abandons her family for another?

These events cause trauma in battle/life-hardened Boomers.

How they will affect a cossetted generation in which everyone received an award no matter what.

Flickr image credit: oldandsolo

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