A Guide for Managing Millennials - Decision Making

This is the last of a 3-part series of guides for managers who are struggling with the performance and engagement levels of their Millennial employees. The first two provided concrete tips for Delegation and Performance Feedback. This last one addresses Decision Making.  

My recent blog post on Helicopter Parents in the Workplace raised alarms (primarily from Generation Xers) that a "reported 20-40% of Millennials' parents have called HR to obtain employment information, schedule job interviews and debate questionable performance reviews on behalf of their grown children." The concern is that it bespeaks a generation of teens and 20-somethings that does not make independent decisions. 

It's true. Millennials do not typically make decisions on their own. Given the choice, they will share their ideas through their social networks (which include their parents!), letting the group find the best answer through their combined experiences. In other words, the preferred decision making style among Millennials is crowdsourcing, a "distributed problem-solving model" in which "large numbers of solutions or information" can be gathered by "broadcasting problems" to a diverse group of "solvers."¹

Crowdsourcing as a legitimate decision-making method in the workplace conflicts with the autocratic style of the Traditionalist generation, the consensus mode of the Baby Boomers and the independent decision making style of Generation X. But Millennials will make up 1/3 of the workforce by 2014, and their collaborative approach to work will become accepted protocol in the near future. Managers of this generation will get the best results if they seek concrete ways of integrating Millennial decision-making into daily work. They will also position their companies for future success in the process.

Amy Hirsh Robinson, Principal, Interchange Group

Workforce Strategies for the New Economy


¹Source: http://en.wikipedia.org/wiki/Crowdsourcing

A Guide for Managing Millennials - Performance Feedback

In response to recent requests, I am providing a 3-part series of tactical guides for Generation Xers and Baby Boomers who manage Millennials and whose companies are dependent on Millennial employees for their future success and market share. The first in the series offered concrete tips for Delegating to Millennials. This one covers Performance Feedback. The last in the series will address Decision Making.

So how do you give effective performance feedback to Millennials?

Growing up, Millennials experienced educational and parental systems rich in praise and limited in critical feedback. To stay motivated in the workplace, they need frequent encouragement and acknowledgement. In contrast to the direct, results-focused feedback preferred by Generation X, Millennials respond most effectively to performance comments if you do the following:

• Acknowledge them for their work and significance to the overall project and company
• Assume a coaching role when providing critical feedback by directing them to behavior or tasks that will best position them for success in the company
• Align performance remarks with their career goals - If you don't know what their career goals are, ask!
• Be transparent about the company's promotional track and what specific skills and experiences will help them reach the next level
• Create opportunities for short, daily feedback sessions in person or via text message to outline expectations and provide ongoing support and encouragement

Even as adults, Millennials continue to be coached by highly involved parents encouraging them to set and achieve goals. They look to their managers to play similar roles. These guidelines will motivate your top Millennial talent and correct the behavior of your poor performers. If you are still struggling reach out for help.

Amy Hirsh Robinson, Principal, Interchange Group

Workforce Strategies for the New Economy

A Guide for Managing Millennials - Delegation

My last blog post on Helicopter Parents in the Workplace ignited a firestorm of feedback about the Millennial generation and the difficulty of recruiting and managing this demographic. If your company depends on Millennials for its future success in maintaining and increasing market share, then you may need concrete tactics for managing and communicating with them.

This next series of posts will focus on providing those tactics to support you in your goals and to ease management's pain. It will cover Delegation (here), Performance Feedback, and Decision Making.

We'll start first with tips for delegating effectively to Millennials.

A common complaint of managers is that Millennials do not follow through on projects assigned or do not complete tasks to satisfaction. When delegating to Millennials follow these rules:

• Connect the dots between task and mission by explaining the importance of the project to the organization
• Define the job enrichment opportunities involved in the project 
• Be specific in the results you expect and provide step-by-step instructions for achieving these results 
• Communicate your expected timeframe for completing the project and consequences to not getting it done on time
• Mentor on potential roadblocks and how to get around them  
• Build in frequent check-ins via 10-minute meetings or text messages to reinforce expectations and answer questions as they arise

These tips may seem like extra work to the Generation X and Baby Boomer bosses of Millennials, but I guarantee their success in increasing productivity and eliminating "re-do's" on the back end. Give it a try, and if you are still struggling reach out for help.

Amy Hirsh Robinson, Principal, Interchange Group

Workforce Strategies for the New Economy

Embrace Your Helicopter Parents

Recent press on Helicopter parenting in the workplace has revived a collective sense of dismay over the Millennial generation. Helicopter parents are Baby Boomer moms and dads who exhibit an excessive degree of parental involvement, "hovering" over their 20-something kids. Universities responded first to this phenomenon by establishing Offices of Parent Relations and separate orientation programs for parents of incoming students. Now that Millennials have entered the workforce, a reported 20-40% of their parents are calling HR to obtain employment information, send resumes, schedule job interviews, negotiate salaries and debate questionable performance reviews on behalf of their grown children.

Employers and managers of Millennials are flabbergasted by what they view as the intrusive conduct of Helicopter parents. They attempt to deter the behavior, which only causes resentment from both Millennial employees and their parents. Employers should instead focus on strengthening relationships with parents to increase acceptance and retention rates of top young talent and improve their employer brand. Here are some specific tactics to that end:

• Co-market employment opportunities to Millennials and their parents (the U.S. Military has a great example of this strategy at www.todaysmilitary.com)
• Offer to send employment packages to parents of interns and accepted applicants
• Invite parents of new hires to the office and provide parent tours of the company
• Train managers and HR staff on how to handle parent interference productively
• Publish parent newsletters or allow parents to opt into company newsletters to stay informed
  

If your company's success is dependent on a Millennial workforce you must build parental involvement into your recruitment, management and retention practices. Older generations may balk but I'm a realist. My clients compete daily to attract, retain and manage top Millennial talent. Their business models and strategies depend on it. Do yours?

Amy Hirsh Robinson, Principal, Interchange Group
Workforce Strategies for the New Economy

The Rocky Transition from Intern to Full-Time Hire

To compete in the “New Economy,” companies are seeking employees with an aptitude for technology and innovation. Many, believing that the Millennial generation has these core competencies, have beefed up their college intern programs as a way to fill the talent pipeline. Such programs are successful in developing and motivating Millennials. The problem, however, is in the transition to full-time hire. Specifically, the experience new graduates receive as interns contrasts sharply with what they experience as full-time employees. For example:

• Interns are urged to meet new people and explore the company, while full-time hires are discouraged from actively networking
• Interns receive messages such as “our doors are always open,” while full-time hires hear “know your place”
• Interns enjoy explicit career-pathing guidance, while full-time hires receive little or no career development
• Interns work for managers invested in their experience, while full-time hires report to whomever has headcount, regardless of that manager’s “people skills”
  

Companies that do not invest in a seamless transition from intern to full-time hire will experience high attrition, damage their reputation as a desirable place to work, and lose competitive advantage. What does the transition from intern to full-time hire in your organization look like?

For additional insight and strategies on this topic, feel free to download my white paper, “The Rocky Transition from Intern to Full-Time Hire.”

Amy Hirsh Robinson, Principal, Interchange Group
Workforce Strategies for the New Economy

Tell Your Story In 2012

As the New Year approaches, consider the stories you would like to share in 2012.

Stories entertain us, but they also act as a vehicle for passing memories, values and rituals on from one generation to the next. That's why the Interchange Group supports StoryCorps, one of the largest oral history projects of its kind. Since 2003, StoryCorps has recorded and archived over 35,000 interviews of Americans of all ages and backgrounds. Each conversation is preserved at the Library of Congress and available to enjoy on StoryCorps' Listening Page. Interviews are also featured every Friday on NPR's Morning Edition.

As a gift to our clients and community, the Interchange Group is donating to StoryCorps this year. I invite you to listen to some of the interviews, organized by categories such as work, romance, friendship, September 11 and Hurricane Katrina. And, if you'd like to conduct your own interview, StoryCorps will help you do that. Their Great Questions List is wonderful for getting a good conversation started.

Happy New Year!

Amy Hirsh Robinson, Principal, Interchange Group

Workforce Strategies for the New Economy

Millennials & Work Location

There are many myths about Millennials and urbanization: Their attraction to cities for the “hip” factor; Their preference for mass transportation as a commitment to being green. But the majority of Millennials actually live in suburban environments. In fact, 43% describe suburbs as the “ideal place to live,” compared to 36% of Generation Xers and 28% of Baby Boomers.¹ As Millennials transition into their 30s, their preference for low density, non urban living is predicted to increase even more. Here’s why:

• Affordable Housing - 64% of Millennials say it’s very important to own their own home, and suburban homes generally costs less than their urban counterparts.²
• Job Opportunities - Suburban regions with low unemployment currently boast high percentages of recent college graduates in the U.S.³
• Family & Community - Millennials, many of whom are about to start families, want to raise children in the same suburban settings of their own youth.⁴

Millennial migration is significant to companies’ strategic planning. Attracting and retaining this large demographic of future workers impacts not only talent strategy, but also planning in corporate development, real estate and facilities management. Housing, telecommuting, and mass transit patterns also play a role.

By 2014, the bureau of labor reports that Millennials will make up 1/3 of America’s labor market. How and where organizations find young talent in the future will become important drivers of competition. Have you entered these factors into your planning?

Amy Hirsh Robinson, Principal, Interchange Group
Workforce Strategies for the New Economy

¹Winograd, Morley and Michael Hais. Millennial Momentum. New Brunswick: Rutgers University Press, 2011. Print.
²Winograd, Morley and Michael Hais. “Are Millennials the Solution to the Nation’s Housing Crisis?” NewGeography.com. Web. 17 July 2011.
³Kotkin, Joel. “America’s Biggest Brain Magnets.” NewGeography.com. Web. 10 February 2011.
⁴Winograd, Morley and Michael Hais. “Are Millennials the Solution to the Nation’s Housing Crisis?” NewGeography.com. Web. 17 July 2011.

Is Ageism Real?

The recession swept through America, leaving scores of unemployed Baby Boomers in its wake. Millions have been unable to find work since. It’s now gotten so bad for the unemployed over 50, that President Obama is proposing legislation to make discrimination against the unemployed illegal.

So is ageism in the workplace real? You bet it is. But the situation is complicated by these competing truths:

• Many older workers do not have the skills and competencies that employers need to compete in the new economy.
• Some younger managers are afraid to hire older workers because they don’t know how to manage them.
• Sometimes older workers cost more to employ. Sometimes they cost less.
• Productivity can decline with age, but younger workers are not always more productive, nor more reliable.
  

To be over 50 and unemployed carries a terrible status in our country, and we are ALL complicit. My challenge to hiring managers is to check your assumptions when screening candidates and look for the competencies most critical for the role. My challenge to Baby Boomers is to prove your relevancy to the new economy, adapting your skills and offerings to meet these changes in the market.

It is in everyone’s best interest for organizations to attract and retain top talent. What are you doing, as a hiring manager or potential employee, to help or hinder that goal?

- Amy Hirsh Robinson, Principal, Interchange Group
Workforce Strategies for the New Economy

9.1% Unemployment & Open Positions?

On Friday the Labor Department reported that America’s unemployment rate held steady at 9.1%, resulting in 0% job growth for the month of August. Yet for the same month, employers also reported a sharp increase in difficulty recruiting for open positions (SHRM Leading Indicators of National Employment).

How is it that companies can’t find the talent they need when so many people are looking for work? The answer lies in what economists refer to as “structural discord in the labor market." Plainly put, the competencies of our current workforce do not match what organizations need to stay competitive in the new economy.

When the economy actually improves, companies will have an even harder time attracting and retaining key employees, especially those from younger generations who view their employers with a consumer mindset. As a result, many organizations are starting to define and strategically position themselves specifically for the talent they want to hire and keep. Often referred to as Employee Value Proposition, the perceived rewards and benefits employees get in exchange for performance is becoming a selling point and key business strategy for companies wanting to stay ahead of looming talent shortages.

Don’t let the unemployment statistics fool you. It will continue to be difficult to find good talent. Are you prepared? Do you know how to define and market your Employee Value Proposition?

- Amy Hirsh Robinson, Principal, Interchange Group

Diversity Training Is Offensive To Millennials

Over the past 10 years, I’ve had the opportunity to observe and advise on corporate diversity training. I always caution employers on their approach to diversity with members of the Millennial generation. In my experience, Millennials are bored, if not downright offended, by what they experience when it comes to diversity initiatives within companies. Here’s why:

• Most diversity classes focus on “difference” and the importance of the individual. Millennials would rather focus on what they have in common and the needs of the community over those of the individual.
• Millennials have a positive, unity oriented take on diversity where shared responsibility is key. They reject the polarizing outlook of older diversity trainers who tend to focus on rights and victims.
• As the most racially and ethnically diverse generation in American history, Millennials grew up with messages celebrating diversity. They see companies that have to talk about diversity as “behind the times.”
  

Employees make the decision to stay or leave a company within their first six months of employment. This is the time period when most Millennials attend their first diversity training. By 2014, the bureau of labor reports that Millennials will make up 1/3 of America’s labor market. Can your organization afford to polarize such a large population of your current and future workforce? Do you know the next steps to take ensure their commitment?

- Amy Hirsh Robinson, Principal, Interchange Group

Succession Planning for the 21st Century

75% of executives view succession planning as the top human capital challenge that could derail their company's attainment of key strategic business objectives. Yet generational shifts, emerging communication technologies and rising economic uncertainty have changed the playing field and what's required of 21st century leaders. Existing succession planning models have not kept up.

There has been much talk of the "new normal" in American business but little practical discussion on how to address succession planning to meet new and future challenges facing organizations. Here are five questions to start the conversation and improve the quality and depth of your leadership pipelines.

1. What roles in your organization are mission critical now?
2. What roles will (and won't) be mission critical in the future?
3. What roles have the highest turnover?
4. What roles have long learning curves?
5. What roles are or will be difficult to recruit for?

To learn the critical requirements and pitfalls of succession planning, I invite you to watch my 3-minute video, Building the Talent Pipeline to the 21st Century, featured at this year's SHRM conference. You can access the video and other pertinent information directly from the homepage of my newly designed website at www.interchange-group.com. If you need a sounding board for any of your succession planning or talent management challenges, feel free to contact me at ahr@interchange-group.com.

- Amy Hirsh Robinson, Principal, Interchange Group.

Mixing It Up! Amy Hirsh Robinson Featured in HR Magazine

I’d like to share a fascinating examination of generational issues in the workplace. “Mixing it Up,” is the cover story in the May 2011 issue of HR Magazine, in which I am quoted extensively. As an expert on the impact of generational differences in both the for-profit and non-profit worlds, my consulting has evolved over the years to enable organizations to create agile workforces adaptive to change. Through my work, my clients gain a cost effective and competitive advantage in attracting, retaining and managing multigenerational talent. In addition, my strategic expertise refines their business models and practices to address generational trends in the market.

I invite you to read the article and share your thoughts with me on these compelling issues. It’s also not too late to register for my May 19 webinar, “Recruiting The Class Of 2011: Managing the Expectation of Millennials --- And Yours!” If you can't make the webinar, but would like to discuss the intergenerational issues of your company, feel free to contact me at ahr@interchange-group.com.

- Amy Hirsh Robinson, Principal, Interchange Group (www.interchange-group.com)

Recruiting the Class of 2011: Managing Their Expectations -- Any Yours!

Does this sound familiar?

• You're frustrated by what you call a "sense of entitlement" in todays youth and marvel at their lack of patience to master a skill or job thoroughly.
• You're horrified by the casual writing style of your younger staff and wonder what happened to spell check and punctuation.
• You've just spent thousands of dollars recruiting recent college graduates, only to find that six months later they've left you for greener pastures.

Welcome to the Millennial generation! Born into the world of the internet, cell phones and video games, these teens and twenty-somethings are tech savvy with short attention spans. Raised by "Helicopter" Baby Boomer parents who pushed them to excel, Millennials are natural multi-taskers brimming with confidence. This is the Harry Potter generation of team enthusiasts who want to make the world a better place. And they are ready to bypass any red tape that gets in their way!

In only four years, Millennials will represent over 40% of the American workforce. How will employers effectively recruit and manage a group of workers predicted to drastically change how companies organize and communicate? Join us for another popular Interchange Group webinar as we answer this question and share practical strategies for attracting and retaining the Millennials. Learning outcomes include:

• Expectations, motivations and behaviors of the Millennial generation
• Recruiting and interviewing tactics to attract top young talent
• Orientation and on-boarding practices for accelerating time to productivity
• Strategies for managing career pathing and development conversations
• Management and communication practices to increase performance and retention
  

Registration for this webinar is complimentary to Interchange Group clients. Contact your Interchange Group consultant for arrangements or email info@interchange-group.com. Registration for non-clients is available for a fee of $79.

Click here to register

Would You Hire Your Own Kid?

Written by Sarah Sladek, founder of XYZ University and author of Rock Stars Incorporated: Hiring the High Performance High Maintenance Hotshots Half Your Age.

I'm fascinated by the topic of workforce and leadership development, partly because I'm a parent and partly because I work with organizations grappling with generational issues. I know all too well that everyone has an opinion on "today's" generation and "tomorrow's" generation and how these differences challenge organizations. But one topic that remains to be explored is workforce readiness.

The Conference Board recently released a report which argues: "High school and college graduates are showing deficiencies in both basic and applied skills, and a real lack of preparedness for today's world of work." Unemployment among teens and young adults has been at an unprecedented rate for several years. Even before the economy took a nosedive, employers preferred to hire senior citizens or immigrant workers over Generation Y.

So, would you hire your own kid? Let's be honest. Probably not.

The Conference Board report explains there are seven survival skills that our new graduates must have but are not getting in our current educational environment. I'm going to take this a step further. I think parents are partially to blame. Not public or private education. Not government. We, the parents, made this mess.

Parenting has changed substantially in the past 20 years. I'm not proclaiming to be an exceptional parent by any means, but as a generational expert I have observed how the changes in parenting have created a generation that's lacking critical skills. Here are the seven skills new graduates lack and examples of where I believe parents are falling short:

1. Problem solving: "Mommy! Timmy hit me!" "Oh no, let me go right over to Mrs. Smith's house and she and I will have a conversation about this." Parents have become overly involved in their children's lives. As a result, children aren't learning to solve problems or resolve conflict on their own.
2. Collaboration: When I was a child, I played all day long without a parent ever being involved. Today's children are constantly shuttled between playdates and practices. They rarely play together without it being organized and/or supervised by adults.
3. Agility/Adaptability: Studies show children under the age of six influence more of the household purchasing decisions than the parents. (Yikes!) When the world revolves around them, children can't adapt to change or take the needs of others into consideration.
4. Entrepreneurialism: Children need the opportunity to take initiative and responsibility. Parents shouldn't be selling their children's Girl Scout cookies or setting up their lemonade stands for them.
5. Oral and Written Communication: Personal communication is a must. Great texting skills won't land anyone a job, yet children as young as eight are given smart phones and Facebook accounts.
6. Accessing and Analyzing information: Parents need to stop giving their children the answers. I personally know parents who do the majority of their kids homework just so they will get all "A's." The future of our workforce must be able to think for themselves.
7. Curiosity and Imagination: As a society, we are consumed with 'fitting in' and we squelch the arts and creativity in school. Let your children be unique. Encourage them to be unique. Employers need unique!
   

I predict that in the coming years we're going to see a growing demand for workforce development programs in the school system and leadership development programs in the workplace simply because the next generations aren't equipped to meet the needs and expectations of the workplace. As parents, be aware that we need to do a better job of preparing this generation for increase responsibility. As employers and executives, be prepared to introduce programs that will help young adults obtain the skills they need to work for your company.

By 2015, Baby Boomers will cede the majority of the workforce to Generation Y. Ready or not -- here they come.

To find out more about Sarah's great work and her views on the generations, visit her blog at http://xyzuniversity.com/blog/

To learn how to better recruit and manage the young people in your organization, join the Interchange Group for our May 19 webinar, "Recruiting The Class of 2011: Managing The Expectation Of Millennials -- And Yours!"

Man Up Gen X!

Recently, I was asked to counsel a group of angry 40-something managers on career advancement. These Generation Xers felt they were caught in between “greedy” Baby Boomers, who won't move over to give their generation a shot, and “entitled” Millennials, who won’t put in a decent day’s work. As a generational expert and specialist on today’s workplace issues, I gave the following advice.

MAN UP GEN X! If you wish Boomers would get out of your way then help them to retool. It’s not that they want to prevent younger generations from advancement. The problem is that many of them don’t know how to move on (to retirement or to more fulfilling careers) and still support themselves, their aging parents and their children. Teach Boomers time management and delegation skills that force them to work smarter instead of more and you will help them reach the other side of the mountain much quicker.

On the flipside, if you want Millennials to “toughen up” you will need to do a better job of managing their expectations. Invest your limited time in beefing up your company’s interviewing, orientation and career development initiatives. Millennials who know what is expected of them and what it takes to get to the next level will surprise you with their productivity and loyalty.

And lastly, Gen Xers, I know you value your autonomy but even you could use a little help. Seek out the training you deserve to boost your communication and leadership skills. And make just a little bit of effort to care at work. Otherwise, you’ll play right into the stereotypes associated with your own generation. Or as the lead Gen X character in the film, Office Space, remarks, “It’s not that I’m lazy, it’s that I just don’t care.”

- Amy Hirsh Robinson, Principal, Interchange Group

For strategic insight on recruiting, engaging and managing the different generations in your workplace, contact us at www.interchange-group.com.

A College-Educated Workforce

In the U.S., only 1/3 of high school students graduate on time and prepared for college-level work. 1/3 don’t even graduate at all. If current postsecondary graduation rates do not improve, our labor market will be short 3 million college-educated workers by 2018.

America’s education system is not preparing students for the demands of a knowledge-based economy and workplace. That’s why the Interchange Group supports Aspire Public Schools, a non-profit organization that operates public charter schools in urban areas across California. Aspire’s motto is “College for Certain,” and its growing school system boasts both record State performance and a 97% college acceptance rate. As our holiday gift to our clients and community, we have chosen to donate funds to Aspire. We encourage you to find ways to support educational improvements in your own communities!

Happy Holidays from the Interchange Group Team!

Predictions For The Next Generation

What’s the youngest generation in America called and what will they be like? As the holidays approach and the focus inevitably shifts to children, we thought we’d take the opportunity to offer some predictions and pose this question to the greater community.

Though their beginning birth years have yet to be conclusively decided, children of America’s youngest generation are roughly 0-10 years old. They are currently the offspring of Generation X (born ca. 1963-1981) but many will have parents from the Millennial generation (born ca. 1982-2000) as time goes on. While demographers use a variety of names to refer to this generation -- Generation Net, Generation Z, the Homeland Generation -- none of them has yet to stick. And while it’s clear that the members of this generation will be the most technologically savvy in history, most of their other values and characteristics have yet to crystallize. Here are some of our predictions:

• Self-Directed - In reaction to the “helicopter” parenting style of the Baby Boomers, “slow” or “free range” parenting styles of Gen Xers and Millennials will emphasize unstructured time over overachievement and result in the ability to self-direct.
• Adaptive & Resilient - Not having experienced or remembered the years of prosperity prior to the “Great Recession,” this generation will come of age accustomed to living with less and working with what they have.
• Conforming – Growing up in the wake of 9/11, Columbine and mobile surveillance technology will produce a generation of children highly tolerant of protective environments and imposed rules and boundaries.
• Inclusive - This generation’s child- and young adulthood will be marked by political polarity, global instability and deepening divides between the rich and poor. As a result they will adopt values of fairness and due process in an effort to right the inequities they see around them.

Because a generation is shaped by the first 16 years of life, we’ll need more time to monitor all the influences (e.g. family upbringing, school systems, world events, etc.) of today’s youth. What do you think this next generation will be like in society? How will their values and behaviors shape the workplace of the future? We welcome your comments!

For more information and tips on recruiting, engaging and managing the different generations in your workplace, contact us at www.interchange-group.com.

Nonprofits - A Crisis of Succession

75% of nonprofit executive directors plan to resign in the next five years or less. By 2016 the nonprofit sector will need 80,000 new senior managers each year, 40% more each year than is currently required. With these stark statistics one would think that succession planning would be top of mind for most nonprofits, but only 29% have succession plans in place. Succession planning will be the number one crisis facing nonprofits in the coming years and many will not survive as a result. Demographics aside, here are 3 major reasons why nonprofits must engage in succession planning now to stay in business for the future:

• Funding – Scrutiny among foundations and private donors is growing. In the future, many will simply withhold funds to nonprofits that cannot demonstrate continuity in leadership. As more organizations vie for funding from non-government entities, the demand for succession plans will rise.
• Retention - After passion for the mission, professional development is the second most important reason nonprofit executives take new jobs. Organizations that do not plan for succession send a clear message to their top talent that professional development is not valued.
• Board Fatigue - Many board members are simply weary to commit more time, money and contacts to leaders who seem ready for retirement or are not open to fresh ideas. For prospective board members, the prospect of new leadership will be the necessary step to gain their support and engagement.

Generational shifts among stakeholders, emerging communication technologies and rising economic uncertainty have changed the playing field and what's required of nonprofit leaders. Nonprofits are clearly struggling in the most challenging times since the Depression and most do not feel capable of planning past the next fiscal year. That being said, not engaging in succession planning will be a huge disservice to the communities they serve. What does this mean for the nonprofit organizations that you work for or support? What could you do to help ensure their sustainability?

For more information and tips on succession planning and managing the different generations in your workplace, contact us at www.interchange-group.com.

Eldercare Issues in the Workplace

As more and more Baby Boomers struggle to balance full-time employment and the emotional and financial demands of caring for aging parents, the cost to employers is rising. According to MetLife, the average employee caregiver costs his or her employer $2100 per year in absenteeism, lost productivity and increased healthcare costs. That’s a total loss of $33 billion per year to U.S. businesses.

Unfortunately, the situation is predicted to get worse in the coming years. The Centers for Medicaid and Medicare Services report that the segment of the population most likely to need care (those over 85) is increasing rapidly, from 35 million today to 70 million in 2030. How will employers cope with the disruptions and costs of a growing workforce of employee caregivers? Here are some of the many innovative “eldercare friendly” policies and practices that companies are adopting to address the issue:

• Flexible work arrangements including telecommuting, compressed work weeks and job sharing
• Leave-sharing that allows employees to donate a portion of their leave time to others who have eldercare responsibilities
• Caregiver Employee Resource Groups that enable employees to share resources and emotional support
• Dependent Care Spending Accounts permitting employees to pay for adult daycare expenses with pre-tax dollars
• Consultation on eldercare services and counseling on hospice and palliative care

Addressing issues of eldercare is a business imperative. Organizations that respond to employee needs will be rewarded with loyalty, engagement and productivity. Those that force employees to choose between caring for a loved one and devoting themselves to work will sacrifice both their bottom line and their ability to attract top talent in the future.

For more information and tips on recruiting, engaging and managing the different generations in your workplace, contact us at www.interchange-group.com.

September 16 Webinar: New Hire Onboarding

For employers, making a good first impression through the recruitment process is essential. But managers are often so driven to find talent that they forget to reinforce that positive impression during the new hire’s first year on the job. In other words, they neglect to think about what will happen once the employee shows up ready for work.

Employee onboarding (the process of integrating new hires into an organization) is taking on a new priority as demographic shifts gather steam and the economy begins to recover. Research shows that companies that invest in a structured onboarding process for new employees experience dramatic increases in revenue, customer satisfaction and employee retention, productivity and engagement. Yet most employers devote less time and money to their onboarding process than they do to their holiday party. A mistake that costs organizations greatly both in bottom line and reputation.

Join us for another popular Interchange Group webinar as we explore strategic insights and practical guidelines for designing simple onboarding programs that accelerate performance and boost retention. Learning outcomes include:

• The generational imperative for new hire onboarding
• The importance of cultural adaptation in increasing performance and retention
• The 6 critical steps of onboarding and how to implement them
• Key phases and activities to consider when designing your onboarding process
• Common mistakes made with orientation programs and how to avoid them

Every employer has a new hire onboarding process, whether they manage it or not. What impact do your practices have on your employees' productivity and retention? Isn’t it time you found out?

Click here to register.