The millennial generation is changing the nature of the American workplace, and as a manager you need to be tuned in. Millennials make up more than half the workforce as of 2015, and by 2025 they will account for 75 percent of it. Every workforce brings unique attributes to the business arena and this is the first that grew up in a technological world that has virtually always provided opportunities for real-time feedback. That reality has had a fundamental impact on the ways in which millennials work today.→ Read More
Part 3: … And What You Need to Do About It
This is the third installment of my blog series. We’ve looked at how changes in the workforce are changing HR and we’ve also explored how a constellation of technologies will change the future of work and the very nature of labor itself. Next, we are going to get specific…what should you do about it?
As an applied futurist, it’s my job to not only envision the possible and probable future but to also work with organizations to figure out what they should do.→ Read More
Part 2: AI + HR = Promises and Perils
This is the second installment of my blog series. We’ve looked at how changes in the workforce are changing HR. Next, we’re going to explore how a constellation of technologies will change the future of work and the very nature of human labor itself.
In 2016, I wrote a paper for Frost and Sullivan called “The Coming Age of Sentient Tools.” In it I explored what comes after “the next big thing.” You know the next big thing…it’s the thing that everyone is writing, talking, or worried about.→ Read More
Part 1: Millennials and Gen Z
I’m a futurist. I work with organizations to look out into the future, modeling both positive and negative futures. I do this using a process called futurecasting. The inputs and research are a mix of social science, technical research, cultural history, economics, global cultural trends, expert interviews and even a little science fiction. As an applied futurist, I not only construct possible and probable futures, but I also work with organizations to implement actions today to prepare and even shape their tomorrow.→ Read More
Halloween goblins might be scary, but it’s flesh-and-blood people that can really keep you up at night. People are the engine that drives your company’s profits, and if you’re not recognizing employees effectively, the financial fallout can be a real-life nightmare. Look through the unsettling stats below and take them to heart, if you want to keep the horror tales at the haunted house and not in your HR office.
- Just Being a Good Manager Isn’t Enough
To retain your most talented workers, the stats say you have to do more than just be considerate and reasonable.→ Read More
In recent years, the hiring world has placed an emphasis on attracting millennial talent, and for good reason: millennials are the largest generation in the U.S. labor force, according to Pew Research Center. This generation, however, is a bit different from those that came before them. They’re looking for more than a paycheck. They want transparency, feedback, experiences and the chance to explore their passions.
Your challenge is attracting this millennial talent for your business. Here are seven ways to make that happen, from bringing a more authentic voice to the experience to engaging with the millennials that already work for you.→ Read More
My grandparents lived and worked in a different world than we do today. And as a 36-year-old, my Millennial friends (now 20-37) and I cannot even fathom what the workplace and the employer/employee relationship used to look like – before smartphones and leggings, and when “because I said so” was an acceptable answer to a staff member’s question.
A Shift in the Workforce
As we look at today’s new workforce, a major difference is that many Gen X workers (now 38-53) who entered the workplace 15-25 years ago were good at working independently, figuring out how to get things done by themselves, and meeting their Baby Boomer bosses’ (now 54-72) expectations.→ Read More
The title of “manager” makes it sound like your entire responsibility is simply keeping track of your employees and maximizing their performance. Of course you want to elicit high-level productivity from your team, but your fastest route to success is to offer something back to the people who work for you. The most successful managers enter into a mentoring, or “coaching,” relationship with their direct reports. Here’s a look at why mentoring is so important, together with some best practice tips for putting together a mentorship program that really works.→ Read More
For seemingly a decade now, we’ve heard the term the Future of Work (FoW) and how the workplace is going to be dramatically different…in the future. In my opinion, it’s time to change the vernacular and mindset to the Now of Work – or fittingly, the “NoW”.
Why do I believe this? Well, I’m no scientist, but I believe another evolution is taking place. Here’s my thinking:
Back in the day, there lived a dude, let’s call him Bartholomeus.→ Read More
With a steady increase in employable candidates, and the continued exodus of baby boomers, millennials are now in a position to have a major influence on their workplaces. But according to a recent study by Gallup, only 29% of millennials are engaged at work. This shouldn’t come as a surprise; millennials make no secret as to what they feel makes a workplace engaging. They want challenging, rewarding work in a team-oriented culture. Based on the knowledge above, it doesn’t hurt to ask: Are you actively molding your team dynamics to meet millennials’ expectations?→ Read More
Your workforce is increasingly made up of millennials; this is unsurprising – they’re the ones with the most contemporary skills, and with each passing year they become a larger percentage of the working world. With close to 10,000 baby boomers turning 65 every day, millennials now represent the largest subset of America’s workforce. Approaching these younger workers with the attitude and expectations of a coach, rather than the antiquated characteristics of a traditional “boss,” is key to maintaining their engagement.→ Read More
Many of the emerging HR trends for 2017 are being driven by the millennial generation. Now representing the largest portion of the workforce, millennials value different things when it comes to their careers. What they want and what they look for — things like being recognized and making an immediate impact — have created a strong demand for employee engagement and recognition platforms that many leading companies are now adopting.
Employee recognition software linked to a corporation’s values can help incentivize employees while aligning performance with personal goals and values. → Read More
In today’s competitive market for talent, office culture is everything. With employees spending most of their time (some upwards of 50 hours a week) in the office, it’s should come as no surprise that HR leaders consider developing and nurturing corporate culture and employee engagement to be their number one challenge.
Luckily, you don’t have to reinvent the wheel to improve company culture. Initiatives that promote health, work-life balance, kindness and gratitude already exist and can go a long way in bolstering a positive office culture while also increasing engagement.→ Read More
For all the complaining about Millennials and their approach to the modern workplace, they are actually responsible for much of the change happening in the modern workforce. Their entry into the workforce, was accompanied by a slew of stereotypes, followed recently by a round of myth-busting, with statistics and all, aimed at debunking those stereotypes. As an “ancient Millennial” myself (a term I borrow from journalist Jessica Grose), I can attest that at least some of the stereotypes come from kernels of truth, but like most stereotypes , they must be taken with a grain of salt.→ Read More
A business isn’t anything without its employees. So in order for your business to be successful in the long term, you have to ensure your employees are consistently performing at their best. How do you do that? By focusing on employee engagement. According to Gallup, “Companies with engaged employees outperform those without by 202 percent.”
But how can you move the needle on employee engagement? One of the best and most effective ways is through employee recognition programs. In fact, according to a survey conducted by Achievers, 44% of employees cited lack of recognition and engagement at their current employer as their reason to switch jobs in 2018, and 69% stated recognition and reward as a motivating factor to stay. → Read More
Studies on turnover estimate that every time a business replaces a salaried employee, it costs 6 to 9 months’ salary on average. For an employee making $40,000 a year, that’s $20,000 to $30,000 in recruiting and training expenses. Providing a competitive compensation and benefits package is important, but in today’s market, retention also requires making new hires feel engaged, aligned and connected from Day 1.
With this in mind, we offer three quick tips to think about when bringing people onboard your organization.→ Read More
Do your employees feel recognized? Think carefully, because over 65 percent of employees report they don’t feel recognized at work. And lack of recognition just happens to be the number one reason why employees quit. Employee recognition drives employee engagement, and with higher employee engagement come lower turnover rates and stronger business results. Engaged employees perform 20 percent better and are 87 percent less likely to leave their organizations than their disengaged colleagues. Also, companies with the most engaged employees report revenue growth at a rate 2.5X greater than their competitors with the lowest level of engagement.→ Read More
Are your employees reaching their full potential at work? According to a Middlesex University study cited in a recent Sh!ft infographic, of almost 4,300 workers polled, a whopping 74% felt that they weren’t achieving their full potential at work. So how does a business engage its employees to make them feel empowered and more productive? One answer is by providing the right learning and development opportunities.
But how do you determine which learning and development opportunities are right for your employees?→ Read More
Skeletons in closets, magic disappearing acts, and people masquerading as someone else: Is Halloween coming or is it just the normal everyday stuff of HR nightmares? This year, avoid spooky business in the office by brushing up on these important HR trends.
#1: Unsuccessful New Hires Haunting Your Halls
A recent survey by Leadership IQ reported that, “46 percent of newly hired employees will fail within 18 months.” Forty-six percent! And it isn’t that you read their resumes wrong or they falsified their background and experience — it’s that those new hires simply are not a good fit for your company.→ Read More
Did you know 78% of consumers have abandoned a transaction or not made an intended purchase because of a poor service experience? Don’t let your business suffer due to weak customer service. With product and service information so easily accessible online, customer service can be can be a key differentiator for your business if delivered in a strategic way to add unbeatable value. Discussing what something is or how it works is the bare minimum of what a customer expects from a customer service interaction.→ Read More
Millennials are the hot topic of conversation in human resources departments today. This much talked-about but little-understood new generation is coming into its own in the workforce and will soon represent more than half of all U.S. employees. As baby boomers continue to retire, companies are facing the challenge of attracting and retaining millennials to replenish their ranks. With this backdrop, understanding the kind of corporate culture millennials desire and the forces that motivate them is key. But when you dig a little deeper, you will find that many of the same forces that motivate millennials also have a broader positive impact on your entire workforce, no matter their generation or demographic.→ Read More
Millennial employees might be known for job hopping, but there’s still a lot you can do to retain them.
These days, many companies are clamoring for college grads; each year brings a fresh pool of talent for you to tap. The great news about graduates is that if they’re intelligent and adaptable, they can work in almost any sector of your business. But what’s the best way to compete against all the other organizations trying to recruit the same candidates?
Keep in mind that new graduate recruitment and hiring millennials requires a different approach than recruiting seasoned professionals.
Demonstrate your company’s mission and meaning
Most college students want to feel like they’re a part of something meaningful and something that has a positive impact on the world.→ Read More
You’ve heard the stereotypes about Millennials: lacking attention span, overdependent on technology, self-centered, ignorant of older generations, entitled – and so on.
Not only are these statements inaccurate, but these myths also stem from the difference between how Millennials work versus how Boomers work. In a recent Forbes article, Boomers’ Love/Loathe Relationship With Millennials, Eisenberg interviews Stiller Rikleen, executive-in-residence at the Boston College Center For Work & Family and president of the Rikleen Institute for Strategic Leadership, about the recent survey she conducted among 1000 Millennials.→ Read More