Archive for People Optimization
It’s tough enough getting people to collaborate effectively within/across teams because of this little sticking point called “people behaviors” that’s oftentimes overlooked, but now we’re facing yet another collaboration challenge playing out before us ~ the Baby Boomer, Gen X and Millennial “Great Divide”. And let’s not kid ourselves into thinking that the Great Divide doesn’t exist because the facts and anecdotal data prove otherwise.
If you’re a Baby Boomer (born 1946-1964), just take 10 minutes and have a heart-to-heart talk with a Gen X’er (born 1965-1979) or Millennial (born 1980-1999) who you have a trusted relationship with, and REALLY LISTEN to what they have to say. Based on my work with clients as we’re proactively tackling the Great Divide…
Gen X’ers are irritated that Baby Boomers are blocking their way to advancement. Baby Boomers aren’t retiring for a variety of reasons. They’re maintaining their key leadership position stronghold. To further exacerbate the situation, a portion of the Baby Boomers in key leadership positions are behaving as “lame ducks”, to put it bluntly. That bad behavior would aggravate any top performer regardless of when he/she was born.
Millennials on the other hand, are irritated with Baby Boomers because they’re not effectively engaging Millennials in key areas:
- Connecting on a human-to-human basis
- Understanding what motivates Millennials
- Providing 1×1 value-add, real-time mentoring, coaching and feedback
- Working with Millennials to create career paths
- Communicating with Millennials using engaging technologies (e.g., social networks, IM, Twitter, Smart Phones)
- Supporting Millennials’ work/life balance needs
- Creating sustainable virtual teams (which, by the way, save companies HUGE quantifiable dollars plus increase productivity if thoughtfully planned and implemented)
And what do Gen X’ers and Millennials have in common? First, both groups are loyal to people but not to organizations, which means…Baby Boomers, you must genuinely connect with both groups in order to engage and optimize their potential AND retain them! Second, both groups are turned off by Baby Boomers who place monetary-driven (greed-driven) personal, company and shareholder agendas before “the good of humanity.” Baby Boomers, you’re still holding key leadership positions and you’re highly influential, so you can start setting a different tone within your organizations and teams by actively weaving in meaningful opportunities that support “the greater good”.
So what’s the business case that would compel organizations and teams to address the Great Divide? First, some statistics. Although estimates vary by source, roughly 70 million and 48 million comprise the Millennial and Gen X U.S. workforces respectively, or 118 million collectively, compared to 70+ million Baby Boomers. It’s official ~ Baby Boomers, you’re in the cultural minority. It’s no longer about “you”. I can say this because I too, am a Baby Boomer. But reasons to tackle the Great Divide go beyond that:
- Baby Boomers owe it to the next generation of leaders and to society to position Gen X’ers and Millennials for success. That’s what genuine leaders do. They take action based on the big picture and the greater good.
- For every Millennial that quits, and they will quit if their key needs are not being met, expect turnover costs to soar. For a company that employs 5,000 with a $50K average annual salary and annual turnover rate of 10% and cost of 50% (turnover costs can range from 50%-150%), reducing turnover by just 3% can save the company $3.75 million annually ($8.75 million vs. $12.5 million).
- For every Millennial and Gen X’er that doesn’t feel engaged, the person is operating at some percent less than 100%. Using the previous example and assuming 2,080 planned annual hours per employee, if 20% of the workforce is operating at 80%, the productivity drain is roughly 416K hours or $10+ million annually, which means that 200 FTE’s (full time equivalents) are showing up for work, are on your payroll and contributing a BIG ZERO to the bottom line. And let’s not forget that unproductive employees slow down productive employees, so the productivity drain will grow vs. shrink if ignored.
One last tip – don’t refer to a Gen X’er or Millennial by these two or other common generational names. Although Baby Boomers aren’t typically offended by their generational title, the same is not true for those generations that follow. Another cultural difference!
How are you tackling the Great Divide? Please share your comments with us!
TechEdge is helping Cleveland youth STEMout
Posted by: |Happy Monday from everyone here at TechEdge LLC! We have some great news to share. Our president, Gwen Walsh, has been elected to STEMout’s board of directors. The following is an excerpt from today’s press release:
STEMout announces that Gwen Walsh, President of TechEdge LLC, has been elected to their board of directors. “Gwen is doing a terrific job at advising and guiding her clients so they may reach their greatest potential, and as such, we are looking forward to her contributions as a member of STEMout’s board of directors,” said Katie Jagusch, STEMout Board President. “We think Gwen’s insights, leadership experience and technology credentials will be very valuable in helping to guide STEMout in the years ahead!”
“STEMout is one of those amazing organizations that I truly admire because they inspire youths to choose STEM careers and are helping us shape our youth’s future,” said Gwen Walsh. “I’m really looking forward to working with Katie and STEMout’s board to help with STEMout’s impactful outreach program!”
STEMout Inc. was founded in 2010 with the sole mission of increasing science, technology, engineering, and mathematic career-path awareness among students. For more information on outreach or STEM Squads, please visit www.STEMout.org.
What a great way to kick off the week. Congratulations, Gwen!
Find Your Mojo!
Posted by: |Mojo: How to Get It, How to Keep It, How to Get It Back if You Lose It is well worth a read. The author, Marshall Goldsmith, has written 30 executive coaching books, with Mojo being his latest.
I was attracted to Marshall’s book because I subscribe to the “loving what you do and showing it” philosophy — or Mojo. Life is way too short and human energy is way too precious of a commodity to be spending it on endeavors that produce low to no ”quality of life” return. Another benefit — having Mojo or “being in the zone” is incredibly contagious, especially in my line of work. As a leadership coach and organizational dynamic and human behavior specialist, it’s my mission to encourage clients to reach their greatest potential. Being genuinely enthusiastic and passionate about my mission and my clients’ opportunties and possibilities, is a recipe for success — for them and for me!
The book is a short and easy read. Goldsmith does a great job of defining what Mojo is and isn’t (Nojo). Next he explores the four key elements required to achieve great Mojo. Throughout he weaves in real-life stories and examples of how colleagues have struggled to find (and then have found) their Mojo. The last few chapters offer practical next steps and take-away tools that can be implemented immediately.
Mojo is also multiple purpose. Currently, as a part of my coaching engagements, I’m recommending Mojo to executive/senior leader clients who are reinventing themselves — to augment our work. Mojo also lends itself to those who are in job seeker/career transition mode. I’ve developed a pro bono adaptation entitled “In the Zone”, that has been positively received by job seeker audiences. (Please see our previous blog post, TechEdge Gives Back, for information about one of these presentations.) I’ve also integrated select Mojo concepts into TechEdge’s flagship workshop and program, “Collaboration in Action” – which is all about optimizing people potential to achieve extraordinary results.
Please share your comments with us!