The New Physics of the Workplace

Managers - The New Physics of the Workplace

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The landscape is suddenly very different. The ground is shifting beneath you. It wasn't so long ago that you took a job and could expect to remain with the company until you retired. Those days are all but gone. The worker entering the workforce today can expect to have over ten employers over a 40-year career.

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Managers

Executive placement experts normally tell recruits that organizations are happy to get three productive years out of an executive. The midpoint knowledge worker stays on the job for only three years! Downsizing is an everyday reality as organizations merge or try to squeeze full value from every dollar during these times of economic uncertainy.
 
Everything has accelerated. The huge downsizing and chopping at mid-level administration means fewer protégés are groomed for the senior ranks.
Many of those who remain have a dim view of the thinning habitancy of their colleagues.   Meanwhile, borders are becoming ever more transparent as the brain-drain sees North American and European workers switching, not only between companies, but between countries, too.
 
It's a truism to say we've entered an age in which our main commodity is knowledge. But that is the fact. And now, when we need knowledgeable workers most, they appear to be whether in short provide or difficult to protect against high-paying, entertaining recruitment offers. If you lose a skilled knowledge worker, it hurts. It can cost as much as 200% of a year's salary to replace each competent employee. It's even worse if you have a small company and each of your employees wears a amount of hats. You can unquestionably envision the problem of replacing these people. Add it all up and you can see why retention and amelioration of the staff you now have are so primary to organizational survival and growth.
 
If you want to grow your organization, you'll more than likely have to abandon some of the old tried-and-truisms that just don't work any longer. For example: How are you going to hang on to good habitancy - the entertaining knowledge workers - when everyone is trying to out-recruit and out-hustle you during these tough economic times when top talent can make the inequity between winning and losing in the marketplace? How do you keep the best and brightest on the payroll when your neighbor down the road blatantly waves tons of cash?
 
Recognize that "loyalty" doesn't cut the proverbial mustard anymore. Ask the Baby Boomer 50-somethings who were "downsized," "outplaced," "rationalized," and "de-hired" during the late 1980s and early '90s after devoting their lives to being "loyal assosication men and women." And all the while, the younger workforce has been looking on with a sneer: "Loyalty!" they chortle. "Some loyalty." 
 
The challenge you now face is to rekindle that thought of loyalty, to preserve the talented habitancy who cost you a lot to find and then to recruit - and would cost much, much more to replace.
 
Yes, it's a new world: and despite that, you have to hold on to the Generation Y employees - a group of some of the most savvy, loyalty-disinclined workers ever (at least according to the "old" definition of loyalty). 

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