1 Leading Employees of all Generations Mike Clancy

1

Leading Employees of all Generations

Mike Clancy

• What challenges do you face in leading different generations?

• What tactics have you used to attract Millennials?

• How would more effectively leading different generations help your organization?

4 Leadership Development Trends

Source: Forum Corporation

Complexity is the new normal1


The four most important leadership

skills are

A. Think like a leader B. Coach your team C. Get results through othersD. Engage people


2


Leadership is becoming more collective, less individual


3


The talent shortageis intensifying


4

Source: Manpower Group

The Numbers: Employment7.4% US unemployment rate

40.2% Long-term unemployed

Jobs needed to maintain expected work volumes by 2014

1.9 Million Jobs lost in the construction industry since December 2007

1.5 million

76% Of owners 50 or older plan to retire in the next 10 years

48% Of those owners are currently working on succession plans

45% Of the workforce is actively looking for work elsewhere

30-40%The % of the workforce in the average large company in the US that will retire in the next 5-10 years

© FMI Corporation 2011

Born 1946 - 1964

Ages 49 - 67

40% of Today’s Workforce

Raised in RebellionExperienced Growing

National Wealth

Work is Duty

Simultaneous Optimism & Cynicism

Leading BoomersLead Boomers by:

Becoming a coach

Facilitating,not dictating results

Offering themflexibility, authority

and respectChallenging themto keep growing

(in their own way)

Born 1965 - 1980

Ages 33 - 48


Dual Career Parents

Record Divorce Rates

Latchkey Kids

Smaller Group Than Boomers, Creates Limited Resources

Leading Gen XersLead Gen Xers by:

Providing a fair andBalanced work schedule

Leading witha coaching style

Providing immediate feedbackand credit for results

Pushing them to keeplearning just in time for

every new mission

Born 1981 - 1999

Ages 14 - 32


No Such Thing as “Before the Internet”

Attention Spans are Short

Multiculturalism

More People but Younger & InexperiencedHigher Expectations Than

Previous Generations

The Numbers: The Millennials80 Million The number of Americans born

between 1981 and 2000. 2014 The year 36% of the workforce will be composed of Millennials

Surveyed said they would put social media freedom and device flexibility and work mobility over salary when considering a job offer

70%

1 in 3

2020 The year 46% of all U.S. workers are projected to be Millennials.

30% The % of Millennials who started a business in college

The % of Millennials planning to change jobs once the economy improves

18%The % of Millennials who believe they have a long-term future with their current organization

From Hanson Dodge Creative. 2013

Leading MillennialsLead Millennials by:

Putting them in rolesthat push their limits

Treating them as

professional colleagues

Keeping them focusedwith speed, customization

and interactivity

How to Select the Right Talent

63% of employers are using video interviews

this year

How to Select the Right Talent(1) You’re growing or planning to grow your organization this year.

(2) You’re expanding across multiple regions or countries.

(3) Scheduling interviews is consuming your team’s time and resources

(4) You seek greater interview consistency and compliance

Source: Wowzer.com

(5) Hiring managers are rejecting too many candidates

(6) You are trying to reach passive candidates

(7) You want to position your organization as innovative to

attract top talent

How to Select the Right Talent

With Millennials, focus on:

• Perceptions of their future• Personality & motivation• Work style

57% want more flexible work schedules

33% want more recognition programs

26% want more access to state-of-the-art technology

26% want increased salaries and bonuses

24% want ongoing education programs

20% want companies to provide smart phones

18% want more telecommuting options

11% want more vacation timeSource: CareerBuilder.com

Motivating & Retaining Millennials

Motivating & Retaining Millennials• Work-life Balance• Meaning & Passion• Training & Development• Mentoring & Coaching• Stretch Assignments• Career Progression• International Assignments• Rotational Assignments• Instant Feedback• Flexibility

MillennialScenario

Chris23 year-old estimator

Chris is just out of college and has an overly optimistic view of his chances of promotion. He has explained that he took the job because it allows for time for him to spend in competitive mountain-biking, but the pace of the organization is too slow for him. You want to keep Chris because he is a hard worker and has great long-term potential with the organization, however, he has grown increasingly frustrated with how things work there.

Retaining Employees

Generationsof all

Leading Generations: Next Steps

Review your talent development strategies

Have a conversation with your people about their career goals

Ask your people what professional development they want

Find out what motivates each of your people

Action Planning

1 - 2 areas of focus

Positive statements

Specific

Developmental versus business goal

I Will…

Developing Exceptional Leaders One at a Time

About FMIFMI is the largest provider of management consulting, investment banking and research to the engineering and construction industry. We work in all segments of the industry providing clients with value-added business solutions, including: • Strategy Development• Market Research and Business Development• Leadership and Talent Development• Project and Process Improvement• Mergers, Acquisitions and Financial Consulting Founded by Dr. Emol A. Fails in 1953, FMI has professionals in offices across the U.S. FMI delivers innovative, customized solutions to contractors; construction materials producers; manufacturers and suppliers of building materials and equipment; owners and developers; engineers and architects; utilities; and construction industry trade associations. FMI is an advisor you can count on to build and maintain a successful business, from your leadership to your site managers.

3920 Cypress Creek Parkway, Suite 360Houston, TX 77068www.fminet.com

Mike ClancyPrincipal

(713) [email protected]

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1 Leading Employees of all Generations Mike Clancy