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Agenda
2005
by Roger E. Herman
In the past few years, our lives have been
disrupted, challenged and influenced by an economic downturn, a major
terrorist attack on the United States and countless other terrorist acts
around the globe. We've also witnessed wars in Iraq and Afghanistan, armed conflicts and significant shifts in geo-economic trends
as jobs move offshore.
Mixed in with all this, we've experienced
devastating hurricanes in the U.S., flooding and tsunamis in other
countries and stormy political campaigns.
Corporate
ethics and inadequate leadership tainted the business environment,
rewarded by prison terms or multi-million dollar buyouts of executive
contracts.
In the midst of all this turbulence,
corporate leaders are expected to achieve sufficient economic success to
produce impressive results on Wall Street, develop and introduce new
products and services, penetrate markets, apply technology, motivate
their workers and generate bottom-line strength.
These objectives
cannot be accomplished without a competent, dedicated workforce: That's
the secret ingredient that will separate the winners from the whiners.
Velocity
With the speed of change and challenge,
an astonishing proportion of corporate leaders have concentrated their
attention and energy on short-term issues.
Their perspectives are diminished. Executive
emphasis shifted from long-range, multi-year concerns to
micro-managing the moment.
The speed of leadership life forced
executives to grasp the immediate instead of
illuminating the inspirational long-term path that their followers need
so desperately to see. As a result, many companies are
stalled in the present with limited capability of moving to the
future.
Corporate executives find themselves on
the horns of an interesting dilemma. On one hand, they are swamped and
overwhelmed with work because they don't have
enough people on their lean staffs to accomplish their objectives.
This
condition means progress is much slower than they would like,
building frustration. On the other hand, they sense the economy is picking up and they need to
do more to position
themselves to ride the wave.
Unfortunately, they are hampered by a lack
of resources to move more aggressively.
They're trapped in a classic
"Catch 22" situation and, in many cases, simply don't know how
to get out.
Complicating matters is the fear that
competitors are moving at a much faster pace and eroding their market
share: current and future. Without being able to gather enough data
quickly enough, corporate leaders find themselves making strategic estimates. This fact is particularly
true, and troubling, for executives who have come from business schools where they
were taught to gather information and analyze it before making
decisions.
With the varying speed of databits ricocheting in a
three-dimensional environment, capturing the right metrics at the right
time, and knowing how to use the gathered intelligence,
has become a monumental challenge.
Recommended Action. Take a deep
breath.
Collect as much information as you can and lay it out in front of you.
Invite selected colleagues (not too many or your effort will be
counterproductive) to join you in digesting, evaluating and analyzing
your data to make decisions that will benefit the organization.
The world will continue to move faster
than you'd prefer, and you have to accelerate your organization's
speed. The secret is to move forward deliberately. Timeliness is
important, but only if you're consciously focused on where you're going
and why.
Take the time to get all your people on
board with you.
Appreciate the role you play in educating and inspiring others to do
what they have to do. Link your vision and support roles so people know
where they have to go, why the journey is important, and what assistance
you will give them in making the trip.
Labor
shortage
As we move through the next decade,
practically every employer will face unexpected and frustrating
challenges due to labor shortages. Most of the shortages will be in the
area of skilled labor: workers who need education and/or training to
perform their jobs.
According to the Bureau of Labor Statistics, as many as
10 million skilled workers will be needed by 2010. If this
happens, employers will wrestle with the most severe shortage of skilled
labor in history, something that no employer can really totally prepare
for.
As the economy grows, you will need more
people. Competition for top talent will be intense, with recruiters
behaving like starving wolves on the prowl.
The companies that are most
attractive to applicants will win the battles in the war for talent.
Positioning tools will help differentiate one company from another as highly capable
workers struggle to choose the right place to continue their careers.
Shortages will be seen in almost all
fields, particularly in technical positions, service jobs and
professional roles. Demand will be high in health care, bio-med,
technology, advanced manufacturing, design and practically anything
involving computers.
Electronic recruiting will be the weapon
of choice in the new war for talent. For an example of what can be done,
see www.retailology.com.
Be familiar with what's happening on the job
boards, the major services and the niche services like www.vetjobs.com
and www.retiredbrains.com.
This field is exploding and employment professionals
not
up-to-speed will be behind the curve. Playing catch-up in this
environment will be expensive and damaging to your effectiveness. Pay
attention to technology leaders like www.recruitmax.com
to be aware of what is happening in this vital arena.
These are just a handful of Web sites to
visit; you are only scratching the
surface. Invest the time to know this playing field. It is not a level
playing field, and it's filled with potholes and quicksand.
Recommended Action. Strengthen your
recruiting process now. Do not wait. Your competitors are already taking
aggressive steps, even though you may not see them. Almost every day we
hear about employers engaging in various forms of "stealth
recruiting." They're quietly going after top talent, probably
including people who work for your organization.
Get active in the recruiting space. Reach
out to prospective employees, for now and for the future, through your
company's Web site and every other place that may be even marginally
valuable for you. Realize recruiting is more than a one-way
process. Follow through with response to every candidate.
Listen to the
sage advice of Peter Weddle, well-known and respected authority on
recruiting: "Taking this step is vitally important because the
experience a candidate has while interacting with an organization is a
key element of its employment brand. The way candidates are treated
conveys a subliminal, but powerful message about an employer's culture
and the value it places on people. While those who are desperate for
employment will probably apply no matter how shabbily they are treated,
the best and brightest will not tolerate impolite or disrespectful
behavior, even if it is unintended. They deserve to be treated better,
they expect to be treated better, and they will only consider working
for employers where they are."
Leadership
America's corporations are hampered by
some serious leadership deficits. Frankly, too many people in top
positions don't know how to manage, let alone lead, their organizations.
Overcoming this problem is a responsibility, an obligation, of human
resource professionals.
These leaders often don't realize how
ineffective they really are, especially compared to what they could be.
Somebody has to tell them, and brave HR leaders are the best ones to
carry the message.
In some cases, you'll be dealing with
clear cases of unconscious incompetence. However, in most situations the
leaders will already feel that they aren't doing all that they should be
doing, but don't know where to turn for help.
The Chief Human Resource
Officer can play a very important role, confidentially or very openly, as a strategic support service for the
entire senior leadership team.
While engaged in this vital
improvement process, do not overlook the need to grow mid-level
mangers and front-line supervisors into tomorrow's leaders. These people
will be important to the company's future. If your employee
turnover includes managers, your need may be sooner than you think.
Good leaders are essential to corporate
performance. They set the pace and make sure that things are done--and
resourced--to get results. These people have a big job to do, but
usually aren't prepared sufficiently to achieve peak performance. The ball game has changed and
they don't know the rules or the moves.
Recommended Action. Arrange an audience
with your top executive to talk about the critical need for effective
leadership throughout your organization. Suggest diagnostic processes
like 360-degree assessments, leadership skill competency evaluations,
and "Come to CEO" meetings to look seriously at what growth is
needed.
Guard against the defensive as you interact with leaders; it's
natural for people in high places to protect their turf by not admitting
that they fear they aren't as good
as everybody thinks they are or expects them to be.
The Imposter
Syndrome is more widespread than we might believe, placing your
organization's future at risk.
Establish a leadership development
process. It can be open and public, including a few people or many. Or
the process can be closed and quiet. It can be as simple as sending one
person to one of the personal development programs at the Center for
Creative Leadership or as extensive as bringing in outside consultants
who can help executives grow and improve their influence.
Education
and training
If people aren't moving forward in their
personal and professional development, they're either stagnant or moving
backward. A lack of forward movement, or conscious growth, affects
self-esteem, performance and retention.
In these times of economic
growth and beckoning job-change opportunities, employers with strong
education and training programs have a substantially greater chance of
attracting and holding top talent.
Training and development will occupy a
high place on your agenda for 2005 and beyond. Included will be soft
skills, much of them focused on building stronger human interactions,
and technical skills.
Technology is racing ahead at a frenetic pace,
demanding training and retraining just to keep up with all the changes
in the way things are done. Keeping up with technological change is
critically important in the computer fields, particularly in software.
Your changing workforce demographics will
include older workers and young people fresh out of school. Both will
need training, and there will be opportunities for the older to teach
the younger and vice-versa.
Employers that develop a learning culture
will enjoy a much stronger sense of community, shared purpose and personal satisfaction among employees.
Recommended Action. From wherever you
are, invest the resources to build a dramatically stronger employee
development program. Whether you call this effort a corporate university
or not, assure that each component is integrated and connected to other
parts. There is no stand-alone learning; everything is linked to
something else as a process of growth.
Create an individualized learning plan
for every employee. Start with new
employees; catch up with existing employees as soon as possible. Include
classes, seminars, workshops, stretch assignments, coaching, personal
reading assignments and mentoring. Use internal resources, community
colleges, universities, commercial seminar companies, contract trainers,
and organizational development consultants. Include personal development
(how to help your child in school) as well as personal growth in
your offerings.
Recognize publicly with notices on bulletin
boards the learning achievements of your people. Include evaluation of
growth as part of each employee's performance review. Place this
responsibility in the lap of each supervisor, and measure the
supervisor's support of employee growth.
Globalization
Like it or not, every company will be
affected by the globalization movement. Some will be heavily involved in
global operations; others will be limited to perhaps selling products
that are produced in other countries.
Our world is shrinking, yet most
Americans have minimal appreciation of other cultures, environments or
the political and social issues in other countries.
Few native-born
Americans speak another language and a large percentage of our citizens
have not traveled outside the borders of the United States.
Our ignorance about international issues,
concerns and experiences places us at a distinct disadvantage in the
global marketplace.
While we can easily beg off and say that gaining
this knowledge is a personal responsibility, employer involvement can
strengthen education and awareness for employees,
building new levels of competence and confidence. Broadening
perspectives can make a big difference in attitude and performance.
Recommended Action. Teach your employees,
and perhaps their families, about other countries and cultures. Utilize
resources from universities, consulates and the Department of
Commerce.
Even some minimal surfing on the Internet will collect
interesting information to share with your people. You can put up maps
of the world so employees can appreciate where other countries like
Iraq, Korea or India are located. Post "factoids" on
bulletin boards and other places to
help people learn little pieces of knowledge about other places.
Do you have an internationally diverse
workforce now? Take advantage of that strength. Some companies have pot-luck lunches where employees bring food from
their native countries and explain the significance of the dishes.
There's
more
Your agenda for 2005 and beyond will
grow. You'll be investing more time and other resources in building
employee engagement and strengthening the stability of your workforce.
Read industry publications and magazines in your field. Absorb
everything you can get your hands on. Your fellow leaders will look to
you more and more in the years ahead for guidance. Prepare yourself so
you can serve effectively.
You
can make a powerful difference in the years ahead.
The Herman Group is a firm of
Strategic Business Futurists concentrating on workforce and workplace
issues. To contact The Herman Group, call 800-227-3566 or e-mail info@hermangroup.com.
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