Post on 05-Jan-2016
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Leading Employees of all Generations
Mike Clancy
• What challenges do you face in leading different generations?
• What tactics have you used to attract Millennials?
• How would more effectively leading different generations help your organization?
4 Leadership Development Trends
Source: Forum Corporation
Complexity is the new normal1
Source: Forum Corporation
The four most important leadership
skills are
A. Think like a leader B. Coach your team C. Get results through othersD. Engage people
4 Leadership Development Trends
2
Source: Forum Corporation
Leadership is becoming more collective, less individual
4 Leadership Development Trends
3
Source: Forum Corporation
The talent shortageis intensifying
4 Leadership Development Trends
4
Source: Manpower Group
The Numbers: Employment7.4% US unemployment rate
40.2% Long-term unemployed
Jobs needed to maintain expected work volumes by 2014
1.9 Million Jobs lost in the construction industry since December 2007
1.5 million
76% Of owners 50 or older plan to retire in the next 10 years
48% Of those owners are currently working on succession plans
45% Of the workforce is actively looking for work elsewhere
30-40%The % of the workforce in the average large company in the US that will retire in the next 5-10 years
© FMI Corporation 2011
Born 1946 - 1964
Ages 49 - 67
40% of Today’s Workforce
Raised in RebellionExperienced Growing
National Wealth
Work is Duty
Simultaneous Optimism & Cynicism
Leading BoomersLead Boomers by:
Becoming a coach
Facilitating,not dictating results
Offering themflexibility, authority
and respectChallenging themto keep growing
(in their own way)
Born 1965 - 1980
Ages 33 - 48
45% of Today’s Workforce
Dual Career Parents
Record Divorce Rates
Latchkey Kids
Smaller Group Than Boomers, Creates Limited Resources
Leading Gen XersLead Gen Xers by:
Providing a fair andBalanced work schedule
Leading witha coaching style
Providing immediate feedbackand credit for results
Pushing them to keeplearning just in time for
every new mission
Born 1981 - 1999
Ages 14 - 32
10% of Today’s Workforce
No Such Thing as “Before the Internet”
Attention Spans are Short
Multiculturalism
More People but Younger & InexperiencedHigher Expectations Than
Previous Generations
The Numbers: The Millennials80 Million The number of Americans born
between 1981 and 2000. 2014 The year 36% of the workforce will be composed of Millennials
Surveyed said they would put social media freedom and device flexibility and work mobility over salary when considering a job offer
70%
1 in 3
2020 The year 46% of all U.S. workers are projected to be Millennials.
30% The % of Millennials who started a business in college
The % of Millennials planning to change jobs once the economy improves
18%The % of Millennials who believe they have a long-term future with their current organization
From Hanson Dodge Creative. 2013
Leading MillennialsLead Millennials by:
Putting them in rolesthat push their limits
Treating them as
professional colleagues
Keeping them focusedwith speed, customization
and interactivity
How to Select the Right Talent
63% of employers are using video interviews
this year
How to Select the Right Talent(1) You’re growing or planning to grow your organization this year.
(2) You’re expanding across multiple regions or countries.
(3) Scheduling interviews is consuming your team’s time and resources
(4) You seek greater interview consistency and compliance
Source: Wowzer.com
(5) Hiring managers are rejecting too many candidates
(6) You are trying to reach passive candidates
(7) You want to position your organization as innovative to
attract top talent
How to Select the Right Talent
With Millennials, focus on:
• Perceptions of their future• Personality & motivation• Work style
57% want more flexible work schedules
33% want more recognition programs
26% want more access to state-of-the-art technology
26% want increased salaries and bonuses
24% want ongoing education programs
20% want companies to provide smart phones
18% want more telecommuting options
11% want more vacation timeSource: CareerBuilder.com
Motivating & Retaining Millennials
Motivating & Retaining Millennials• Work-life Balance• Meaning & Passion• Training & Development• Mentoring & Coaching• Stretch Assignments• Career Progression• International Assignments• Rotational Assignments• Instant Feedback• Flexibility
MillennialScenario
Chris23 year-old estimator
Chris is just out of college and has an overly optimistic view of his chances of promotion. He has explained that he took the job because it allows for time for him to spend in competitive mountain-biking, but the pace of the organization is too slow for him. You want to keep Chris because he is a hard worker and has great long-term potential with the organization, however, he has grown increasingly frustrated with how things work there.
Retaining Employees
Generationsof all
Leading Generations: Next Steps
Review your talent development strategies
Have a conversation with your people about their career goals
Ask your people what professional development they want
Find out what motivates each of your people
Action Planning
1 - 2 areas of focus
Positive statements
Specific
Developmental versus business goal
I Will…
Developing Exceptional Leaders One at a Time
About FMIFMI is the largest provider of management consulting, investment banking and research to the engineering and construction industry. We work in all segments of the industry providing clients with value-added business solutions, including: • Strategy Development• Market Research and Business Development• Leadership and Talent Development• Project and Process Improvement• Mergers, Acquisitions and Financial Consulting Founded by Dr. Emol A. Fails in 1953, FMI has professionals in offices across the U.S. FMI delivers innovative, customized solutions to contractors; construction materials producers; manufacturers and suppliers of building materials and equipment; owners and developers; engineers and architects; utilities; and construction industry trade associations. FMI is an advisor you can count on to build and maintain a successful business, from your leadership to your site managers.
3920 Cypress Creek Parkway, Suite 360Houston, TX 77068www.fminet.com
Mike ClancyPrincipal
(713) 936-4945mclancy@fminet.com