We’re now making workforce history as Millennials have become the dominant demographic in the US, outnumbering Baby Boomers 80 million to 76 million. There is a resulting generational shift in the workforce currently underway, and gathering steam. However, as Baby Boomers delay retirement in increasing numbers, friction is occurring as growing numbers of Millennials enter the workforce and find themselves at odds with their Boomer managers and Gen X counterparts. In some cases, they’re competing for the same positions, bringing a different point of view and different work ethic with them…. Read More»
“Return on investment.” When a business has made an (often significant) investment in an employee training and development program, they want to see tangible results. But what type of results should we measure? Employee training and development is a ‘people’ investment just as much as it’s a ‘cash’ investment. The returns from an organization’s investment in their people can help improve talent recruitment, increase employee retention and engagement, and perhaps most importantly, contribute to a positive work environment…. Read More»
Four years from now, Millennials will make up half of the global workforce. They were raised in different times and in a different way, and this often leads to misconceptions. Older generations often accuse Millennials of being entitled, less accountable and even lazy. More than 6 out of 10 HR professionals believe that Millennials are “hard to manage” and perhaps even “unprepared for the workplace”. Millennials themselves also seem unhappy, with only 29 percent feeling engaged with their work. As a result, 6 out 10 Millennials leave their companies in less than 3 years at an estimated cost of $20,000 per person to replace. As the Baby Boomer generation retires in the upcoming years, it is critical to understand Millennials’ different working perspectives in order to develop the right HR approach to attract and retain Millennial talent.
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Strategies from successful companies like the Stryker Corporation should not only be listened to, but implemented immediately. For the sake of engagement and employee retention, your team needs similar opportunities within their own organization to grow and reach their dream careers. Company leaders should understand this deep desire to climb the ladder and fight for those dreams – after all, that’s how most of them got to their positions. It’s when we stop empathizing with team members that we start losing the employee retention battle to careers they were striving to reach.
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If you’ve been following the trends in the HR world, it’s likely you’ve heard the phrase “gig economy” tossed around in more than a few publications. So what is a gig economy and why is it getting so much attention? A quick Google search provides the following definition: A gig economy is a labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs. … Read More»
In our series, Raising Up Leaders, we raise the issue that the majority of any influential leader’s job is to develop new leaders. This process of raising up future business leaders is vital to any organization’s long-term success In part one we discussed a leader’s responsibility to inspire future business leaders and influence the potential of the people on their team. In part two we explored the obstacles that stall our ability to grow other leaders. In this article, let’s dive deeper into what you should focus on when selecting which future business leaders to invest your valuable time and energy on.
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We are almost in 2017, but we’re still living in a world where gender equality is an aspiration, rather than a reality. The continued existence of gender inequality is certainly evident in the boardrooms of powerful businesses…. Read More»
You believe in your company, your product, and your employees, and work hard to provide a positive work environment. However, it may be a challenge to promote your company’s culture and atmosphere to job candidates who have never interacted directly with your company. To maintain the positive work environment you’ve worked so hard to create and find top talent to fill your job openings, take a closer look at your digital strategies for recruitment before you post anything online…. Read More»
Looking back, haven’t there been unexpected moments where you met someone, or heard an idea, that positively changed the course of your life? Staying open to serendipitous moments increases the chances you’ll cultivate a flexible mindset, see more facets of a situation and discover more breakthroughs in your areas of strongest interest… Read More»
While no personality assessment can perfectly analyze all the behaviors that make you uniquely you, that’s no reason to shy away from these insightful too… Read More»