Archive for the 'Talent - Bright Young Things' Category

Generation Y - the Millennials are coming

A survey of more than 2,500 employers and managers by recruitment website CareerBuilder.com has identified huge generational differences between Generation Y and their managers. This isn’t anything new to readers of this blog site, but ongoing research is now validating what we have been saying for many years. A lot of generational differences relate simply to expectations and perceptions.

The survey found that there was a particular gulf when it came job expectations, between Gen Y and older generations.

Nearly 90% of hiring managers and HR professionals said some or most Generation Y workers felt “entitled” to demand greater compensation, benefits and promotion than older generations.

Nearly 75% said younger generation workers expect to be paid more, with 60% demanding more flexible working hours and structures. More than 50% of employers believed Generation Y workers had a more difficult time taking direction or responding to authority than other generations of workers.

“Generation Y workers are an important segment of the workforce and literally the future of companies and organisations,” pointed out Rosemary Haefner, vice president of HR for CareerBuilder.com. “They grew up in a technology-driven world where standards and norms have changed and often operate under different perspectives than older co-workers.â€?

Having said this, I think that a lot of these comments reflect what managers perceive, rather than reality. Gen Y workers are likely to be as committed and prepared to work for a good work-value exchange as older generations. But they are generally misunderstood. The key here is not only to make some adjusts in the workplace, job descriptions, conditions of employment and remuneration packages of younger workers, but to also help older managers adjust their mindsets, management styles and attitudes.

Probably the best one article introduction to the Millennial generation was written by Fortune magazine earlier this year. Get it here.

Who’s Looking After Them?

Karin Wellman, co-founder and director of TomorrowTraining, asks, “Who is training your trainers?” Trainers and those in charge of the development of other staff members are often neglected as recipients of training and development themselves. Karin highlights this as a critical problem for businesses today, and suggests a solution.

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Do You Know Talent?

What is talent, and do you really want it? If so, how much talent do you want, where will you find it and what are you going to do with the talented people you manage to attract to your company? Barrie Bramley turns his attention to these and similar questions, as he helps companies to see talent as their most important competitive differentiator.

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The best companies to work for…if you are a parent

ParentNot many people think about maternity benefits when applying for a job, and yet organisations differ hugely in what they provide for parents. Some offer the bare legal minimum, others offer a year’s maternity leave on full pay. In an era of increased awareness of the importance of work-life integration, The Guardian argues, following a study of 250 organisations, that it is the smart organisations that take maternity benefits seriously who will attract and retain talented staff.

The survey discovered that companies often treat family life as being entirely separate from the workplace rather than being, as they are in the lives of most employees, tightly bound together. Very few corporations showcase strong parental benefits among their recruitment incentives or as evidence of high corporate ethics. And yet any working parent knows how damaging it is to productivity, creativity and mental health to work for organisations that blank out or are hostile to the beating family heart of its staff.

The Guardian argues that good support to parents is a social contribution as important as a companies charitable donations, recycling or carbon footprint reduction efforts.

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Sprint-Nextel fires 1,000 clients

I heard on the news today that Sprint-Nextel, America’s third largest mobile phone service provider this week terminated the accounts of its 1,000 most annoying customers. It said in the notification to these clients that they were being terminated because they phoned the customer care centers too often - on average about once a day - often the same issues, and mainly with dumb ones (this isn’t what they actually said, but it’s what they meant). They have waived the termination fees, and given the people a month to change service provider. Read the press release here.

Can a company choose its clients? We believe absolutely it should!! We talk often of talented staff. But what about talented clients? What about ROC - not return on capital, but rather a return on client? The mindless pursuit of any customer by any means at any price is ludicrous. We predict that more companies will become selective about the customer base, and maybe put in place “customer performance contracts”…

Watch this space.

Buppies - coming to terms with young black staff

Buppies - Black yuppies. Black young upwardly mobile professionals. Research shows that this is one of the fastest growing demographic groups in South Africa, but many companies and leaders have no idea how to manage them. Aloysias Maimane, a new member of the TomorrowToday team and a top South African presenter and facilitator, provides some insights into this important group.

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Getting and Keeping Talent

“The ‘surplus society’ has a surplus of similar companies, employing similar people, with similar educational backgrounds, coming up with similar ideas, producing similar things, with similar prices and similar quality.� Funky Business, Kjell Nordström and Jonas Ridderstråle

The Funky Business guys have a point. In most industries, the world has been “flattened” and its very difficult to differentiae competitors these days. We’re selling similar products and services, to the same clients, at about the same price, delivering through similar channels, using similar techniques to advertise in the same media, and making similar promises. We even swap staff every few years. If that’s not entirely true in your industry, it probably will be soon. In an environment like this, competitive advantage is found less and less in what you sell, and more and more in who you are and how you sell. And if “who you are is who you hire”, then the ability to attract and retain the most talented people in your industry, and get more out of them than your competitors could, are core strategic competencies to be developed and maintained.

Our problem is, that at just the time this “war for talent” started, a new generation of young people started entering the workplace, bringing with them new values, different expectations and a fresh outlook on work and the workplace. The shift in the values of these young people is necessitating a shift in workplace culture and environments. Those companies wishing to attract the attention of these young stars must take these shifts seriously.

In particular, today’s young talent do not accept the old contract of employment. That old contract included terms such as “paying your duesâ€? and “the system will provideâ€?. They know that the system will not provide for them. The old contract swapped loyalty for security. In essence, the employee would come into an organisation and sell its products and services to its clients at its price through its channels, using its systems and processes. In exchange for the employee becoming that unmarketable (think about it - the more you learn about one company’s systems and processes, the more unmarketable you become), the employee asked for one thing in return: Security. It was a simple contract, and it worked! But how many companies can offer security these days?

Not one!

But that does not concern today’s young workers. They are not looking for security, because they know that it is an illusion, even if it is offered. So, if your company cannot offer security, why is it still asking for loyalty? That’s what today’s young people want to know. If you can’t give a long-term commitment, why are you asking for one?
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Dealing with Top Talent - sometimes you need to use a heavy hand!

A few months ago, Keith Coats wrote about his disappointment at Ryk Neethling, the South Africa swimming superstar, and his lack of respect for the etiquette and rules of competition when competing in an event in Durban (read his post here). Now the other 3 members of the Olympic gold winning relay team have fallen foul of Swmming South Africa, but not bothering to pitch up for the National trials. Read the story in today’s Saturday Star.

The online version doesn’t give the same detail the actual front page article did. Apparently Swimming SA gives overseas swimmers money for travel and accommodation to the trials and competitions in SA. Sponsors have agreed to pay additional funds. Roland Schoeman wanted to fly business class - Swimming SA only gives enough to fly economy, and apparently the sponsors didn’t come through with extra money. Now, I fully understand that an athlete of Schoeman’s ability has the right to earn a good income from his sport. I also can understand that as “Top Talent” he probably feels he has the right to be a prima donna. He refused to fly economy. He has spoken to the media saying Swimming SA would not pay for him to come. And now SSA has booted off the national team. He will therefore not be eligible to swim in the FINA World Cup next year, which is due to be held in Durban, South Africa. So, home fans will be disappointed!! He can still qualify for the Olympics in 2008.

There will probably be some deal done soon. But, although that may be good for the FINA champs, it will not be good for swimming in SA. The problem with top talent is that they often feel they live outside the system and can play by their own rules. Whilst this is sometimes healthy - as it can be the basis of them pushing the boundaries, being creative, and generating innovatioon - it can also be extremely unhealthy and produce a destructive vibe and culture. As a manager of talent, a critical skill is knowing where to draw the line, and knowing when to use the heavy hand, and even get rid of people who “bring in the numbers but don’t have the values” (to quote Jack Welch).

Yes, it will cost more

Graeme CodringtonI spend much of my time helping companies to create corporate cultures that will attract and retain talented young people. This involves looking at everything from terms and conditions of employment, remuneration policies and bonus schemes, to office layout, use of technology, management styles and team dynamics. One of my biggest frustrations is that very often those within an organisation who understand what needs to be done to get top talent to work there are overruled by those who are focused on saving money, efficiencies and creating “lean and mean” environments.

We live in an era where competitive advantage is found less and less in the products and services a company offers - mainly because the competitors are so closely aligned that the market can’t tell the difference between them. We live an era where technology is pervasive, markets open, and global competition the norm. In such an era, the only really sustainable competitive advantage is your people. This is why there is currently a “war for talent” in every industry across the globe.
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Leading the Whatever Generation – the ‘Bright Young Things’

Leadership in today’s world is not easy. I suspect it has never ‘been easy’ but with the contemporary levels of complexity, connectedness and ubiquitous change these are indeed unique times in which to live and lead. The twin challenges that leaders face, that of leading diversity and understanding the inherent paradoxes, demands from leaders new mindsets that lead to new behaviours. All of this converges, like the Leader’s personal perfect storm, when it comes to leading Talent, or those we refer to as the, ‘Bright Young Things’. This article article explores six keys to understanding and leading Talent. It may even shed some light on those ‘Bright Young Things’ who inhabit your household! Continue reading ‘Leading the Whatever Generation – the ‘Bright Young Things’’

They drive me crazy!

Boomers (in their 40s and 50s) and Xers (in their 20s and 30s) have very different communication styles and needs. In the workplace, they can drive each other crazy. Barrie Bramley provides some excellent insights into why this communication gap exists, and gives some great practical solutions for Boomers and Xers.

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Whining, Moaning, and Achieving: Dealing with frustrated talent in the workplace

In sessions that we conduct on Talent management with both those who lead talent and those who are considered talent everything goes brilliantly until the end of the day when we ask: “So, what are you going to do now?” At this point there is generally a throwing up of hands into the air and a frustrated whining sessions begins. What it basically boils down is the passing of the talent ‘hot potato’ from one person or group to the next. Executives say HR has strategies in place, HR says it is the role of line management, line management says that they are disempowered by top-down processes or too busy with operational delivery to do anything differently…

As we facilitate these sessions we come in first hand contact with the frustrations that sit in this space. This article briefly deals with the conversations and frustrations most commonly raised. It will then propose options and actions that should be considered by the various stakeholders in this dynamic, from executives and other leaders right down to the talent themselves.

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IBM to spend $50 million on staff financial education

The China Post is reporting this morning that IBM has announced a $50 million staff development initiative specifically aimed at improving their staff member’s financial education.

Employees, as well as their spouses or domestic partners, will be offered a series of live and Web-based investment seminars starting this month. Employees will be able to get unlimited one-on-one personal financial planning and counseling by phone through [external financial services companies]. Financial planners from Fidelity and Ayco will be trained in all of IBM’s benefits programs and will receive no additional pay or commissions for selling their companies’ products.

“No other company that I’m aware of has ever done anything this comprehensive for its employees,” said Randy MacDonald, IBM Senior Vice President, Human Resources.

The move comes at a time when IBM and other companies are shifting retirement planning responsibility from the company to the employee. Traditional pensions, which promised an employee a guaranteed retirement income, are being replaced with “defined contribution” plans, in which employees put aside money for retirement, often with a partial match by employers. IBM, for instance, closed its traditional pension to new hires starting in 2005 and said last year that employees hired earlier will have their benefits frozen after 2007.

This type of investment makes sense on many different levels:

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The changing of the guards

If you’ll excuse a parochial sporting entry, I have to ask what has happened to the gods of sport this weekend. Were they sleeping? New Zealand beat Australia at cricket - twice!! And one of those was by 10 wickets (OK, they have rested four top players ahead of the World Cup, and have had five retirements this past season - so its not the strongest Aussie side to ever leave their shores, but still… they lost, and did so badly). Then, in Super 14 Rugby Union, the Western Force beat the Bulls, and the Lions beat the 6-time champions, The Crusaders! What a mad weekend.

But, the real reason for this entry is that with Aussie’s cricket loss, South Africa are now the number 1 ranked One Day International team in the world - the first time any team except Australia has held the top spot since the rankings were launched in 2002.

The lessons available are ones I have spoken about before (check the archives for cricket entries). Simply put: Good is the enemy of great. Its tough to be number 1 forever, because when you are number 1 you become the target of every one else’s attentions. No-one is trying to work out England’s secrets and copy them right now, are they? (not in any sport!). So, the longer you stay at the top, the more likely it becomes that the field will soon catch you up. That should be impetus to take the next evolution (or revolution). I shudder to think what motivation this will give the Aussies. I suppose we’ll find out when SA plays Aus at the World Cup at the end of the Pool Phase!

The second lesson relates to teams of talent. You cannot expect to lose nearly half of your top team to retirement and maintain your status. Companies that bleed talent will suffer. That’s why creating a culture for retaining talent is critical to sustainable competitive advantage. Not much you can do, though, when your team retires. Or, is there?

Whatever… it makes for a great platform for an excellent Cricket World Cup next month!

How not to apply for a job

This is too good to be true… It was reported in London newspapers last week, and is just unbelievable. It’s an anti-talent story. The story of a young web designer looking for a job in Dubai. He applies by email, and gets a favourable response. And, then… well, its hard to describe, but the guy has a complete mental breakdown.

The reason I’m giving you this link is to show you how powerful blogging is, how important understanding the Connection Economy can be, and how NOT to get ahead in advertising. It’s worth reading the whole thing through. My best is the last line: Congratulations, you’re famous. Read this great story here.

Top 10 Hottest Jobs in 2007

Fast Company’s annual list of the hottest jobs, taken from a survey of trend spotters and futurists, is as follows:

  • Experience Designer
  • Medical Researcher
  • Web Designer
  • Security Systems Engineer
  • Urban Planners
  • Viral Marketers and Media Promoters
  • Talent Agents
  • Buyers and purchasing agents
  • Art Directors
  • News Analysts, Reporters, and Bloggers

NOTE, at the Fast Company site, each job listing contains and explanation of the position, why it’s hot for 2007, and suggestions for further topical reading from Fast Company articles from the past year. Some positions have a tech focus, some are design based, but they all share common ground: It takes a creative soul with an endless amount of determination and innovation to thrive in these fields.

Podcast: The Five Most Important People Trends, live on radio

Listen to Dr Graeme Codrington’s 25 minute interview on Sunday, 10 December 2006, on SAFm’s Media programme - right click here to download it (MP3 file, 4Mb). This is a podcast of the article posted on this blog a few days ago - read it here.

The Five Most Important People Trends of the Next Five Years

CrowdIt is becoming increasingly difficult to differentiate between competitors in almost every industry in the world. New innovations are quickly copied and improvements in quality, service and price are easily matched. In this globalised world, you can no longer differentiate yourself simply on the basis of your product or service. What you do is becoming increasingly less and less important, and who you are is growing in significance.

If who you are is who you hire, then the ability to attract and retain talented staff (and customers) is increasingly becoming one of the most important capabilities of every company in every industry. Human resource management has therefore never been more strategic than it is now.

Employer brand

Companies spend a lot of time, effort and money raising the profile and acceptance of their brands. They focus on developing the market for what they sell. But very few companies allocate significant resources to developtheir “employer brand”. This is the perception of their company held by current and potential staff members. It directly impacts the company’s ability to attract and retain talented staff.

Younger generations are becoming increasingly discerning as they job hunt, looking beyond salary, basic conditions of employment and the obvious perks. They are asking questions about culture and the “heart” of an organisation they want to work for. There are a few key litmus tests that seem to be applying in analyzing a companys employer quotient.

To attract talent in South Africa in the next five years, the following five items need to be at the focal point of HR and senior leaderships radar screens (in addition to everything else that needs to be done):
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Free Agency comes of age

Free agency is now 21 years old! This might not sound important, but spotting trends and learning from history is absolutely critical for future success.

In 1975, Andy Messersmith and Dave McNally won a court case against the reserve clause that had dominated baseball employment contracts for half a century. Basically, the clause meant the players were owned by their team and could not leave a team and play for someone else, unless they were traded or sold. The reserve clause had first been tested on January 16, 1970 by Curt Flood, when he filed a lawsuit claiming that the reserve clause violated the antitrust act and should be eliminated. Flood was one of the most talented and gifted baseball players of the 1960s, and retired soon after losing his court case against the Commissioner of baseball.

In 1976, 21 years ago, free agency was born. Players were free to move when and where they want to, as long as the market wanted them. They could charge whatever they wanted, as long as they could find someone to pay them. Their value was directly related to their talent. Other sports quickly followed suit, and by the end of the century most sports around the world were fully professional and in search of the top talent in their code.

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Winning the Talent Wars (part 2)

Graeme CodringtonDr Graeme Codrington continues from last month’s e-zine article looking at creating an attractive culture for talented young people. In this second of two articles on the subject, he focuses the spotlight on four key areas companies have to manage in order to attract and retain talented young people, and develop loyalty in their staff and customers.

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Defining Talent – objective assessment in the War for Talent

Ray de VilliersRaymond de Villiers, director of Talent at TomorrowToday.biz, asks corporate leaders to define talent. Its not good enough to answer: “I’ll know it when I see it”. Raymond then provides a framework for understanding who is talented, how to identify them, and what will engage them most effectively. This is one of the most important articles you will ever read on the issue of Talent.

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Is Talent Holding the Workforce Hostage?

Aloysias MiamaneAloysias Maimane, TomorrowToday’s resident expert on young talent, especially young black South African talent, questions whether companies truly understand what these young people see as perks and what they just expect to receive by default. Knowing the difference is a key component to talent retention.

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Talent Management and Retention

I received the following by email a while ago. Don;t know the source, so I can’t cite it properly. This is well worth a read.

Published: 2006-03-22

The South African Graduate Recruitment Association (SAGRA) recently commissioned an exploratory study into talent management practices, focusing specifically on talent in the graduate sector.

The research design included parallel surveys, one for organisations (current policy and practice), and another to look at graduates (the designated talent pool in this study).

Twenty six leading South African employers participated in the study, whilst the graduate survey was sent to 1544 graduates, of which a total of 736 completed the survey.

Top Line Findings

Talent Management as a Strategic Business Issue

All of the participating organisations indicate talent management and retention as a strategic business imperative. However, only 62% of organisations have a budget allocation for talent management, and only 46% reward senior executives for managing the talent pipeline.
Defining Talent in Organisations

Talent, in this sample of organisations, is primarily differentiated by high performance (96%), and high potential (92%). Other key factors are critical positions with a strategic business impact (88%) and demographic groups (race and gender in this case - 74%). Only 10% differentiate talent by hierarchical levels of work.

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Recommended reading on Talent

The Economist recently had a Survey of Global Talent. It was superb. At the end of the survey, they gave a list of sources and recommended reading. Here it is for your reference purposes (PS - purchase the Economist survey online here):

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The Economist on Talent

I have said many times that I am a great fan of The Economist magazine. I recommend it to all serious business leaders. This week’s edition contains a 15 page supplement on the shortage of talent around the world. The editorial and main cover story gives a brief summary of the issues the supplement deals with. If you can still get a copy of this edition, do so - its worth it!

You can read the summary below, or get it at The Economist website.
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