Tuesday, November 13, 2007

"The Millenials are Coming" -- Managing Millennials

As if you didn't have enough management challenges, check out this story, from the November 11 broadcast of CBS news' "60 Minutes". Correspondent Morley Safer talks to researchers and analysts about the psychology and outlook of the so-called millenial generation. Be warned: It's a little scary.
"There are about 80 million of them, born between 1980 and 1995, and they're rapidly taking over from the baby boomers who are now pushing 60. They were raised by doting parents who told them they are special, played in little leagues with no winners or losers, or all winners. They are laden with trophies just for participating and they think your business-as-usual ethic is for the birds. [Don't boss them around, or speak to them too harshly...] And if you persist in the belief you can, take your job and shove it."
See? Maybe "scary" is a bit much, but definitely "daunting" and "formidable" when one considers the difference this generation may require in our approaches to management.
Features of this coming generation, according to the story, include:
  • Most are hardworking (great!)
  • They know and can operate the tools to get things done (also great!)
  • They are impressively clever and resourceful (really great!)
  • Some of them are absolutely incorrigible(uh-oh)
  • "It's their way or the highway. The rest of us are old, redundant, should be retired." (What?!)
Researchers who have studied the millenial generation say a new style of management is required to get results from this cohort of workers.
  • "Speak to them a little bit like a therapist on television might speak to a patient."
  • "You can't be harsh."
  • "You cannot tell them you're disappointed in them. "
  • "You can't really ask them to live and breathe the company. Because they're living and breathing themselves and that keeps them very busy."
  • "The era of the buttoned down exec happy to have a job is as dead as the three-Martini lunch." "These young people will tell you what time their yoga class is and the day's work will be organized around the fact that they have this commitment. So you actually envy them. How wonderful it is to be young and have your priorities so clear."
  • "The flipside of it is how awful it is to be managing the extension, sort of, of the teenage babysitting pool."

Researcher Mary Crane said: "You now have a generation coming into the workplace that has grown up with the expectation that they will automatically win, and they'll always be rewarded, even for just showing up," Crane says.

Safer responded: "To what extent are you having to tell the boomers, the bosses, the 50- to 60-year-olds, 'The people who got to change are you guys, not them?'" Yeah! Why do current managers have to change? What we're doing is working.

Unfortunately, it may not continue to work going into the future. Previous generations are accustomed to doing what it takes to produce results, and if we're dealing with an entire new generation of workers that require a different approach, we're going to have to make some adjustments, apparently.

Crane: "The boomers do need to hear the message, that they're gonna have to start focusing more on coaching rather than bossing. If this generation in particular, you just tell them, 'You got to do this. You got to do this. You got to do this.' They truly will walk. And every major law firm, every major company knows, this is the future."

You heard it... coaching rather than bossing. Participative management rather than dictating. Providing guidance and resources, focusing on results rather than methods... basically all the things that my boss, Krissi Barr, has been teaching her clients for years.

Krissi Barr is an expert in coaching. I know, because I work for her. You only have to talk to her, or to me, once to know how motivating and encouraging she is, while not coddling or wasting time with things that make no contribution to the bottom line. As her associate, I (Jodi) wholeheartedly affirm that if anyone can teach other managers how to deal with the millennial generation, it's Krissi Barr.

That's my firsthand recommendation, but you don't have my word for it.

She's trained in and certified to teach Paul Hersey's Situational Leadership program, as well as Coach 4 Success, Will to Win, and many incredibly practical and inspirational techniques. (See bio).

It's not just her curriculum vitae that impresses. Doing the various administrative and professional tasks I do as her "jill-of-all-trades", I've seen her at work, seen what she accompishes with people. After my interview with her, I researched the management and leadership training business as a whole. I came to the conclusion that many people out there are offering, in essence, modern-day "snake oil," and asked her about it. She confirmed, "There are lots of consultants out there. What matters is pull-through."

Over the next few months of assembling client data into spreadsheets, being cc'd on e-mails to her clients, seeing clients recommendation letters and their e-mails of gratitude, I realized that she is the "real deal."

Serious stuff, how she works with clients. The programs are just the start for her.

Krissi didn't just take her training and use it to sell programs -- she trains, but also does follow-up, coaching, and ongoing accountability measurement. She has enough passion for and commitment to the work that she does to follow her clients, ensuring that their new knowledge is ingrained such that it becomes behavior, and even habit, to the benefit of all who have worked with her.

The coming generation of "millennials" will be a challenge to those who are accustomed to the previous generations of direct reports. If you thought Gen X'ers were difficult... well, we're all in for a bumpy ride. If you are already experiencing rough terrain with your teams, whatever their generation, I encourage you to call Krissi (513.470.8980) or e-mail her (krissi@barrcorporatesuccess.com).

Thursday, November 8, 2007

Stress Facts:

52% of employees report that they have considered or made a career decision -- such as looking for a new job, declining a promotion, or leaving a job -- based on workplace stress. Leading sources of stress at work are:
  • Low salaries - 44 percent
  • Heavy workload -- 41 percent
  • Lack of advancement opportunities -- 40 percent
  • Uncertain job expectations -- 40 percent
  • Long hours -- 39 percent

55%

of employees report being less productive at work as a result of stress.

24%

of workers with household incomes under $50,000 report that they manage their stress poorly, versus 15% with incomes of $50,000 or more.

Lower income adults are more likely than those with higher incomes to experience symptoms of stress

  • Physical -- 80% versus 74%
  • Psychological -- 77% versus 68%
  • Including:
  • Irritability or anger -- 54% versus 46%
  • Feeling nervous or sad -- 50% versus 42%
  • Lack of motivation or energy -- 51% versus 40%

Barr Corporate Success can help you design a plan that will not only reduce your work stress, but take your business to the next level. Call Krissi today to find out how! 513-470-8980.

Return to Barr Corporate Success

Going in Circles at 150 MPH

It's one thing to be excited, motivated, and passionate about our work. It's another to be overwhelmed, consumed, out of balance, and in danger of burn-out. Many of us who have a "high sense of urgency" must be on the lookout for the effects of overwork, over-controlling, and allowing work to over-run our lives.
To re-assess and identify some potential fixes, consider the following:
  • What would happen if I did less?
  • What tasks can only I do? What can I assign to others?
  • Is the business running me, or am I running the business?
  • What message am I sending to my employees?
  • If I fell under a bus, what would happen to the company?
  • Is my family suffering because of my job?
  • Am I taking care of myself? How is my physical health?

Many of us pay lip-service to the notion of work-life balance, but continue to neglect it.

Don't fall into the trap.

Neglecting your physical health, the state of your family, and the effects that over-work have on you overall actually costs you productivity. It's easy to enter a spiral of diminishing returns by becoming so overtired, stressed, and physically unconditioned that your time becomes less productive. The key is to make sure is that the right steps toward personal and professional success get done. Without a plan, and regular reassessment of your progress, you can get lost in constant busy-ness that does NOT move you closer to your goals.

Check your professional and personal "vital signs," making limited, intermediate goals that contribute to long-term objectives.

Examples of professional vital signs:
  • Have lunch with at least one past customer a week.
  • Meet with 4 new customers a week.
  • Add X prospects to your database a week.
  • Reduce your paperwork or admin by X hours a week.
  • Sell X dollars/units a week.

Examples of personal vital signs:

  • Spend X hours a week reading inspiring or motivational material.
  • Exercise one hour 3 days per week.
  • Dedicate non-working hours to your family and hobbies, not more work.
  • Listen to one self-improvement or motivational CD per week.

Reassess, review, reallocate, recharge and renew -- step back and make sure you're moving in the right direction. Call or e-mail us today for a complete "vital signs checkup"!

Krissi Barr 513-470-8980, krissi@barrcorporatesuccess.com

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Good Reads: The Next Generation of Work

From the Indianapolis Star: "Today's age groups express their values and perceive work differently:
  • Valuing family: Older men show they value their family by working long hours to make lots of money. Younger workers like to show they value their family by spending more time with them.
  • Experience: The older generation tries to maintain its clout by emphasizing experience, which it equates with knowledge. The younger generation values experience not "just because," but by analyzing whether anything was learned or gained from it.
  • Respect: Older workers want to be held in higher esteem than their younger peers, because they are older or earn more. Younger people also want esteem and to be listened to, but they have no expectation that they should be deferred to in decision-making.
  • Work ethic: Older workers believe younger employees don't want to put in the hours necessary to get ahead. Younger workers are willing to put in the time for their jobs, but they're uninterested in having a lot of "face time" at the office."

To attract the best and brightest of coming generations of workers, companies and managers will likely have to adjust their expectations of what the work day, work week, and work life look like, using communications technology and infrastructure, allowing flexible work schedules that still get the right work done the right way.

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Good reads: "Leader Machines", Fortune, Oct. 2007

In this article, Geoff Colvin demonstrates the power of a leadership-building culture. Instructive excerpts:
"Your competition can copy every advantage you've got -- except one. That's why the world's best companies are realizing that no matter what business they're in, their real business is building leaders. Here's how the champs are doing it."
Fortune teamed with Hewitt HR outsourcing/consulting, and RBL Group to study how companies develop leaders, and which are doing it best. The top "academy companies" --those whose employees move on to top leadership in many best-performing large corporations -- include GE and Procter & Gamble "Says Hewitt's (Robert) Gandossy: 'companies that provide people with opportunities to learn and grow become talent magnets, drawing scarce talent in droves.' By continually attracting the most promising graduates and then developing them, these firms become higher-performing organizations, enhancing their ability to attract the best -- a self-reinforcing cycle that makes the company more dominant every year." Traits shared by the top companies for leadership development:
Invest time and Money:
"At GE, Immelt reviews the top 600. Bill Hawkins of Medtronic (No. 12) spends 50 percent of his time on people issues, and many of the other CEOs reported similar percentages -- making it the largest commitment of time they have." The University of Michigan's Noel Tichy, an acknowledged authority, says checking a CEO's commitment is as simple as looking at the CEO's calendar. "Yet the CEO's time is only the beginning. As those who report directly to the boss see what the focus is, they also become devoted to developing talent, as do their subordinates. It's called the cascading effect.(...) Virtually all of them evaluate executives partly on how well they're developing people."
Identify Promising Leaders Early
GE starts on day one, and many discreetly observe interns to see how they get others to work for and with them.
Choose Assignments Strategically
Eli Lilly (No. 13) president/COO John Lechleiter offers this model: Approximately two-thirds of leadership development is from experience, one-third from mentoring and coaching, and a bit from classroom training.
Develop Leaders Within Their Current Jobs
Divisions struggle when bosses move on after 18-24 months. Nokia (No. 3) and Eli Lilly (No. 13) report great success with current programs that use short-term work assignments and additional assignments outside employees' fields of expertise to develop managers within their current assignments.
Be Passionate About Feedback and Support
Companies on the Fortune list "combine frequent, honest assessment with plent of mentoring and support. So when people are told what skills they need to improve, they're also offered programs or coaching for doing it."
Develop Teams, Not Just Individuals
Immelt says the GE he grew up in did primarily individual training, and that it led to problems. "He'd attend a three week program at Crotonville, but back at work 'I could use only 60 percent what I'd learned because I needed others -- my boss, my IT guy -- to help with the rest.' And maybe they weren't onboard."
Exert Leadership Through Inspiration
How well does it work to make people do what you say by firing and promoting? A.G. Lafley of P&G says, "The command and control model of leadership just won't work 99 percent of the time." Which is why P&G runs a development program called "Inspirational Leadership." American Express similary has "Leadership Inspiring Employee Engagement" and it is mandatory for every VP and above.
Encourage Leaders to be Active in Their Communities
Leaders, the company, and the community can all impact on another in positive ways, benefitting all.
Make Leadership Development Part of the Culture
"Developing leaders isn't a program; it's a way of living. For example, honest feedback has to be culturally okay. At many companies it isn't. Devoting significant time to mentoring has to be accepted. Working for nonprofits has to be encouraged, not just tolerated. Such cultural norms can't be dictated; they have to be in the air." ------ "Good as these companies are, not one of them is satisfied with the way it develops leaders. They all have plans for improvement, mostly by involving more people, working more with teams, and refining their views of what skills tomorrow's leaders will need. None are scaling back." (emphasis added)
Does your company have a culture of leadership development?
Krissi Barr (an alumna of P&G, #2 "Top Company for Leaders") can help. Call her at 513-470-8980 or e-mail krissi@barrcorporatesuccess.com. Or for more information, please visit our website.

Coaching -- What executives say

Executive coaching has become a popular leadership development technique. A research study by Christine Turner, published in the Ivey Business Journal, asked executives themselves what benefits, if any, they've received from executive coaching. Turner was guided by questions like: What are the benefits of executive coaching? What are its limitations? What factors are critical to its success? The executives typically cited these goals: to fine-tune their vision for their business, empower and motivate staff, improve communication and listening skills, and become more confident and assertive.
The benefits of executive coaching as a leadership development tool were:
  • Continuous one-on-one attention

Since executive coaching takes place over an extended period of time, it becomes a great way to not only acquire but ingrain learned skills. Coaching achieves results superior to attending a course, reading a book, or having a discussion.

"Executive coaching works for the 'leadership, performance, personal effectivenss and 360-degree development (she) wants... Coaching provides a consistent, long-term development that gets embedded and becomes part of your routine."

  • Expanded thinking through dialogue with a curious outsider

"Dialogue, fuelled through powerful questions, is at the heart of the coaching process. In coaching conversations, executives think out loud, become more reflective and gain access to their own tacit knowledge and unexplored ideas. The coach's role is to act as a sounding board, confidant, partner, challenger and catalyst for change."

  • Self-awareness, including blind spots

"The expression 'no pain, no gain' is true for coaching; it is not easy to be challenged out of your business-as-usual comfort zone." The value is not for a coach to be really nice, or another friend. The value is having someone who sees what you don't see, and says what others won't.

  • Personal accountability for development

One can learn proper form in a one-time fitness course, but quickly lose the way by cutting corners, using poor technique, or skipping workouts. Executives, like athletes, benefit from the ongoing personal training that creates momentum and ensures accountability for development and achievement of goals.

  • Just-in-time learning

Because it is personal and situation-specific, coaching provides learning on the spot for special situations and new challenges.

Limitations of coaching...

To have the best possible experience with executive coaching, clients need to ensure that their coach offers:

  • Defined methodology

Coaching is popular, and many non-expert, non-trained coaches are offering services. Those coaches can be a waste of time, money, and energy, "paid friend" who informally advises, rather than guiding clients to develop new skills and capabilities that generate lasting results. Be careful. Do your homework. Ensure that your coach has extensive business experience, proven methods, and a solid track record. (To read about Krissi Barr's extensive experience and career, please visit http://www.barrcorporatesuccess.com/kbarrbio.php. For real results of clients, please go to: http://www.barrcorporatesuccess.com/success.php)

  • Defined shared language

Executive coaches must be familiar with the language of business, and be able to not only speak it well, but offer real-world business expertise. Again, do your homework, and define terms upfront.

  • Clarity of focus

While an executive coach can offer brief situational guidance on personal matters, the focus should always return, quickly, to business skills and business results. Executive coaches are not therapists or medical practitioners. Any ethical coach should refer clients to professional therapists for highly personal or dysfunctional situations.

  • Continuity between sessions

There should be an "arc of learning" and a defined pattern of progress, follow-up, and ongoing goals. If a coach cannot define, organize and follow a plan, he or she cannot help you do so.

  • Measurement of results

Measurement is an important means of making sure that you do what's important, do what matters, to achieve your long-term objectives. When you try to reach a destination, you do so with mile markers and an end destination in mind. Anything else is an aimless stroll through the countryside!

Krissi Barr of Barr Corporate Success is a respected and celebrated executive coach and business consultant offering individual and team coaching. In her twenty-year business career, she achieved amazing results for companies she worked for, and for more than 5 years has independently offered coaching that helps others achieve outstanding results.

For more information, visit Barr Corporate Success.