| ECONOMY CONTINUES TO HEAT UP - THAT'S GOOD
AND BAD! |
The economic news, generally, has been very good
lately. Consider these headlines:
"Confidence in US Economy Rises in August"
(Reuters);
"Nonfarm Employment Grew by 207,000 in July" (BLS);
"July a Hot Month for Jobs" (CBS);
"Fed: Business Up, Inflation Eases" (CNN).
Now, don't you feel better?
Actually, if you have employees, you may be feeling
worse as the effects of a good economy begin putting
pressure on your ability to keep the good people you
have and to find new (good) people.
The Pacific Business News reports, "Businesses are
being forced to spend more on employees ...in the hiring
process and while working…" The author cites rising
employment agency fees as well as increased costs of
salaries and benefits, just to stay competitive in the
heated pursuit of good people.
Meanwhile, the ones you see leaving may be just the
tip of the iceberg. Some HR professionals suggest, for
every highly talented person leaving a company, three
others are preparing their résumés in the hope of
finding greener pastures and 67 percent of currently
employed workers surveyed recently said they would
"rather be working somewhere else."
What is your approach to keeping your best people and
lassoing more like them? If you can't roll a plan off
your tongue like the names of your relatives, it's
probably time to sit down and try to produce it in
written form. Your success in the next few years is
likely to depend on how well you implement your plan.
Begin with an assessment of your current situation:
- Do we know who our best people are?
- How do we identify them?
- Do they know how much we value them?
- How do they know?
Then, look to the future: what kind of people, how
many, what skills and characteristics will we need in
the next six months? In the next two years? In the next
five?
When you have identified your needs, it's time to
figure out how you will find them, identify them,
attract them and keep them.
When you've created a written plan from all of this,
you will find you lose less sleep at night wondering
what you're going to do to replace the star performer
who just left for a corner office at your competition.
You will be able to focus your resources on a real,
productive process with huge payoffs, perhaps sooner
than you expect.
Implementation of your plan will require tools for
assessing people, both current employees and potential
recruits. You will need to both inventory what you have
and measure additions against the templates you create
in your plan. We refer you to the sage advice the
Cheshire Cat gave Alice at the fork in the path. When
Alice asked the Cat, "Which way do I go?" The Cat
responded with a question of his own: "Where do you want
to go?" Alice responded, "I don't know," and the Cat
finished their conversation "It really doesn't matter,
then."
As with planning your cash flow, your sales, your
inventory and your physical plant, you must know where
you want to go with your people - or it really doesn't
matter which way you go. |
|
The Radical Leap, A Personal Lesson in
Extreme Leadership by Steve
Farber.
Book Report by Mike McCormack |
| Farber, a former VP of the Tom Peters Company,
presents a book that is fun and entertaining and
provides useful examples for becoming an extreme
leader. I laughed out loud when I read his examples of
'us' versus 'them'. We have all been there before -
playing a leading role in 'us' versus 'them' scenario
where we criticize our higher ups with phrases like, 'we
can't believe how (dumb, uninformed, careless,
clueless)' - encouraging those below us to take the same
attitude toward us! Ultimately, Farber says, "There
ain't no 'they'... there's just 'us'."
Leadership is about taking personal responsibility
for making things better, not expecting someone else to
make things better for us. Farber writes, "At times, I
admitted to myself, I did hope someone would protect
me...that someone would lead me in my life. It just
sounded so much easier than the alternative which was
being a leader myself."
Consider this real test for each of us:
Think about how many times we catch ourselves wanting
someone else to make things better for us, instead of
improving things for ourselves. |
|
LIFE BALANCE: OPINION BY KAREN
SUSMAN
HOW TO WEAR MANY HATS AND KEEP YOUR HEAD ON STRAIGHT |
| If you think you can
once-and-for-all attain perfect balance between your
professional and personal lives, forgedaboudit! That's
like thinking you can get your Board of Directors to
agree once and they'll be in agreement permanently.
That's like thinking you can mow your lawn one time to
maintain that perfect Kentucky Bluegrass buzz cut.
Balance is a process, not an event. Balance is a
constant adjustment that demands awareness of when you
are about to fall off the balance beam-o-life. Clue:
when your son goes off to college and you haven't spent
time with him since he was in Little League, you're out
of balance. When the last time you exercised was right
after Lance Armstrong won his first Tour de France,
you're out of balance. You can be out of balance at
work, too, if you're wearing too many hats, have
embraced micro-managing, shun delegation and have an ego
as big as Montana. But, in twenty years of presenting
programs on Life Balance, I've never heard people
complain that they are spending too much time with their
families and just have to get in the habit of staying
later at the office.
Your goal: be in perfect imbalance.
There are two legs on your perpetual journey to
perfect imbalance. First, be aware of when you are off
kilter so you can pull yourself back into balance, or
alignment, with your priorities and goals. Second, be
present and fully engaged wherever you are at the
moment. When your body is one place and your mind is
another, all areas get cheated by your divided
attention.
The answer to improved balance includes three parts:
Time management, stress management and communication.
You must make choices. Repeatedly ask yourself, "What is
the most important use of my time right now?" Then apply
your energy and attention to that.
For those of you who live and die by your To Do list,
here's a new version for you. Run through these six
steps when you are feeling out of balance and about to
topple.
Stop. Whatever you are doing, stop. Step back for a
minute. Take a breath.
Huddle. Determine what your demands are. Remind
yourself of your goals, mission, values and beliefs.
Create a strategy to right yourself.
Choose. Your church building committee wants you to
attend tonight's meeting. Your customer wants you to
meet to discuss your services and Junior has the lead in
the school play, which opens tonight. Depending on your
values and priorities, you choose one. This is hard,
because making a choice means setting the other options
aside. Renegotiate the others.
Savor. Whatever your choice, really enjoy it. Engage
all your senses to make sure you're fully present. What
are the sounds, sights and smells around you? What
textures do you feel? If you consume food or beverage,
pay attention to taste and temperature. Get rid of the
old "My body is at Grandmother Bessie's 100th birthday
party but my mind is on the Johnson merger" routine.
Kiss automatic pilot good-bye.
Play full out. Whatever you're doing, give it your
all. Make sure 100 percent of you is in the game.
Talking on your cell phone at Junior's debut is not
efficiency. It's deficiency.
Go for management vs. control. You won't always make
the right choice. Someone may be disappointed. You can't
control the universe and the incompatibility of your
Day-Timer with someone else's PDA. Make choices. Don't
live by default.
Longing for balance in life is a dilemma of our times
and culture. In Afghanistan or Ethiopia, people don't
worry much about life balance. People in countries where
survival is the main issue find it easier to prioritize
than those of us who suffer an abundance of options.
Only people with rich, textured lives have life balance
problems. With all our opportunities, activities,
commitments, alternatives and discretion, you could say
we have created this problem for ourselves. The good
news is that we can solve it ourselves, too. Make a
choice to strive for perfect imbalance.
Karen Susman speaks internationally on Life Balance,
Networking, Presentation Skills and Humor. For her books
and more, visit www.karensusman.com or call
888-678-8818. |
|
| AWARD-WINNING HOSPITALITY PROPERTY CUTS NEW
HIRE FAILURES - MIKE PACHOLEK |
| A beautiful Sheraton property was recently
recognized by Starwood Hotels and Resorts as their
number one property for guest satisfaction ratings. The
hotel upgraded its meeting and conference facilities and
opened a new Sheraton Activities Center, but turnover
among their 150 employees was killing them! As is often
the case in hospitality settings, the overall annual
turnover was considerably less of a challenge than the
new-hire failure rates. In trying to get a handle on
this problem, they analyzed their most recent 100 hires
and discovered nearly one-fourth of the people in this
group had failed in less than 30 days and more than half
failed before celebrating their six-month anniversary!
The obvious answer to attacking this challenge was to
improve the hiring process so they decided to implement
the Step One Survey II™, a prescreening assessment, as
an aid to the hiring process.
Beginning in February of this year, all applicants
were required to complete the assessment. With
statistical input from their Profiles representative,
they chose a set of selection criteria designed to
eliminate the least desirable 40 percent of their
applicant population before those applicants reached the
interview stage. For those selected for interview based
on the assessment and other available information
(applications, etc.), the interview guide produced by
the assessment formed the backbone of the interview. In
six short months, they have reduced both their 30-day
and 60-day new hire failure rates by just over 33
percent! (Figure 1)
In the process, HR and management staff are spending
40 percent less time on interviewing and have time to
work on other important tasks such as continuing to
improve customer service!
Managers have commented on improvements in attitude,
attendance and work ethic, outcomes of selection of
better employees, as well.
The data analysis has clearly shown the program is
working to improve the hiring process, but has also
raised a new and somewhat unexpected issue. Employees
who scored nine on two or more scales were four times as
likely to fail, as those with lesser scores! (Figure 2)
Is it possible that these relatively rare individuals
(who score in the upper three percent of the population
on each of two or more scales) are somehow "too good" to
stay on the job? Perhaps more to the point, what do you
do about it? This topic will be the subject of future
discussions.
| Figure 1 |
 |
| Figure 2 |
 |
|
|
"The primary sources of value in America today are time and
knowledge."
~ Brian Tracy
|