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Engaging the multi generation workforce Maghalie van der Bunt George Partner Deloitte Dutch Caribbean

Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

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Page 1: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Engaging the multi generation

workforce

Maghalie van der Bunt – George

Partner Deloitte Dutch Caribbean

Page 3: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Multi generation management: stand up!

Traditionalist

1945>

Generation X

1961-1981

Generation Y, Millennials

1982-2003

34% global workforce

75% in 2025

Baby Boomer

1945-1961

Baby

Boomer

Generation X

Page 4: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Do I want them this young?

Attracting, retaining & engaging talent

Page 5: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Young?

• Don’t underestimate the younger generation(s)

• Having experience is not a guarantee of being

competent

• Competency based recruitment and talent management

strategies

• How do I reach them? Social media!

Attracting, retaining & engaging talent

Page 6: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Can I (still) use

these (expensive)

seniors?

Attracting, retaining & engaging talent

Page 7: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Senior?

• Watch out for prejudices!

• Loyal, good work ethic, stable, knowledge transfer,

network……

Attracting, retaining & engaging talent

Page 8: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

What makes them tick?

• Founders of the organization? • Grounded in tradition • Respect authority

• Majority of executive positions • Work-to-live mentality • Raised in corporate culture • No job hopping! • Climbing up the ladder is important • Value face to face interaction

• Skeptical and pragmatic • Work-life balance is important • Learning opportunities are important

Traditionalists

Baby Boomers

Generation X

Generation Y

• Want technology-centric serv. delivery • Innovative thinking • Demand flexibility, freedom within the

job & meaningful work • Internet restrictions are not appreciated • Love social media • Directive leadership style is not

appreciated

Page 9: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Millennials

People and Purpose need to get as much attention as

Products and Profit

The personality traits of true leaders according to millennials in order of importance:

• Strategic thinking

• Being inspirational

• Strong interpersonal skills

• Vision

• Passion and enthusiasm

• Decisiveness

Page 10: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

What is true?

• High pay leads to passion (employee)

• The higher the pay the greater the passion

• Passion leads to profit (organization)

What makes them tick? Statement:

Page 11: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

• Compensation influences retention, not engagement

• If the sacrifice/ the cost of leaving is too high: people

will stay…..

• Retention without engagement: prison with an open

door

• Are your talent strategies focused on retention or

engagement?

So engagement is important!

What makes them tick?

Page 12: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Global Human Capital Trends 2015

LEADERSHIP

Why a perennial issue?

LEARNING AND DEVELOPMENT

Into the spotlight

CULTURE AND ENGAGEMENT

The naked organization

PERFORMANCE MANAGEMENT

The secret ingredient

WORKFORCE ON DEMAND

Are you ready?

SIMPLIFICATION OF WORK

The coming revolution

REINVENTING HR

An extreme makeover

HR AND PEOPLE ANALYTICS

Stuck in neutral

PEOPLE DATA EVERYWHERE

Bringing the outside in

MACHINES AS TALENT

Collaboration, not competition

Page 13: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

CULTURE AND ENGAGEMENT

The naked organization

talent issue

Create

meaningful

work, deep

engagement,

and job fit

#1global say the

problem

is “very

important”–

double

the 2014

percentage

50%

Page 14: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

CULTURE AND ENGAGEMENT Managing employee engagement

What employees think about their organization Understanding and identification with strategy and values;

future prospects of the organization

How employees feel about their organization Sense of pride, accomplishment, satisfaction with the job.

How employees act in relation to their organization Motivated to go beyond what is normally expected; recommend the

organization to others; choose to stay even if offered competitive

pay and benefits elsewhere

Employee Engagement (more than employee satisfaction): The

degree to which employees think, feel and act in ways that represent

high levels of enthusiasm and commitment to the stakeholders of the

organization

Page 15: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Deloitte ‘As one’ model for an organization to

succeed…..

Ability (to perform/ change) Willingness (to perform/ change)

Pe

op

le B

elo

ng

Willin

g A

ble

Business Value

Leadership

People: Sufficient

numbers of capable

people, and an effective

organization design

Path: Effective tools,

systems, technology and

infrastructure

Perspective: A clear vision,

translated into clear goals,

and sufficient budget

Believe: They commit

to carrying out specific

actions to achieve it

Belong: They feel

connected to the part of

the organization that

needs to change

Behave: They share a

common understanding

of how things are done

Formal and informal leaders that are capable of driving execution of the strategy

Page 16: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

CULTURE AND ENGAGEMENT

How engaged are your people?

Engaged

• Passion

• Connection

• Drive, move forward

• Positive attitude

• I am so proud to be here, I’m going

to help to grow!, Yes we can…

Satisfied

• Physically there

• ‘Sufficient’

• I feel like I belong…I’m at home

here….

Actively disengaged

• Acting on dissatisfaction

• Psychological and physical

withdrawal (absenteeism, lateness)

• I think I deserve… what I would like

to get is….

Not engaged

• Passive

• Physically there… ‘presenteism’

• Psychological withdrawal…..

• I give sufficiently…I’m here am I

not?

Page 17: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

CULTURE AND ENGAGEMENT

Employee engagement

“Engaged employees stay for what they give; disengaged

employees stay for what they get (favorable job conditions,

job security).” -Blessing White’s The State of Employee Engagement 2008

Page 18: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Compensation a driver?

Strategic

compensation • Compensation of added value

• Job evaluation

• Link performance and pay

• Total reward (organizational culture,

leadership, workplace etc.)

Traditional

compensation •Historic compensation structure

•Education and/ or experience years

•Etc.

Page 19: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

5 engagement drivers, The simply irresistible

organization® developed by Bersin by Deloitte

Engagement drivers

Meaningful work

Hands-on Management

Positive work environment

Growth Opportunity

Trust in leadership

Autonomy Clear, transparent goals

Culture of recognition

Training and support on the job

Inspiration

Etc. Etc. Etc. Etc. Etc.

© Bersin by Deloitte

Page 20: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

• Autonomy, mastership and purpose (Dan Pink: the surprising

truth about what motivates us)

• Employees continuously decide (consciously and

unconsciously) about their commitment. Engagement levels

fluctuate and are influenced by micro signals (small indications

of appreciation, purpose, trust, recognition etc.)

• Leaders: develop your antennas, monitoring engagement

levels and manage appreciation, recognition, autonomy,

mastership and purpose

Leadership nr. 1 Engagement driver

Page 21: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

• Life long learning yes! E-learning, action learning,

blended learning etc.

What if I train my employees and they leave? What if I

don’t and they stay?

• Life long working?

Engagement driver: Growth opportunity

Page 22: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

What type of position?

Low impact

Not difficult to replace

Support

Difficult to replace

Specialist

High impact

Core

Critical

• Do I really want them from 25 tot 65?

Page 23: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Conclusion

Focus your talent strategies on engaging employees of all generations

Top talent exists

in every

generation!

Understand

generational

issues and

integrate them

in your talent

strategies

Develop leaders and personal leadership throughout your organization

Page 24: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

“If a man is called to be a street sweeper, he should

sweep streets even as Michelangelo painted, or

Beethoven composed music, or Shakespeare wrote

poetry. He should sweep streets so well that all the

hosts of heaven and earth will pause to say, here lived

a great street sweeper who did his job well.”

Martin Luther King Jr.

Engaging talent…..

Page 25: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Contact details

Maghalie van der Bunt - George Partner Deloitte Dutch Caribbean

Human Capital Consultancy, Training and Assessments

Strategy & Operations

Avenida Milio J. Croes 60, Oranjestad, Aruba

Office: +297 582 6235 | Mobile: +5999 6908610

[email protected]/ [email protected] |

Page 26: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation

Contact details

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. Deloitte Dutch Caribbean is part of the Deloitte Network. In the Dutch Caribbean the services are provided by Deloitte Dutch Caribbean, an entity which is registered with the trade register in Curaçao under number 34292 and in Aruba under number 42205.0. © 2015. For more information contact Deloitte Dutch Caribbean.

Page 27: Engaging the multi generation workforcemyguardiangroup.com/Maghalie_van_der_Bunt-George.pdf · Multi generation management: stand up! Traditionalist 1945> Generation X 1961-1981 Generation