Talkin' Bout My Generation

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There are several historic trends emerging in the workplace: 1) Four generations in the workplace; 2) first time children are smarter than adults in several key areas; 3) generational differences are more prounounced. This presentation helps give you critical background needed to understand these new organizational dynamics.

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Talkin' Bout My Generation

  1. Talking ‘bout my Generation Presented by: Tom Hood, CPA.CITP President & CEO of the Business Learning Institute And Maryland Association of CPAs For: Barfield Murphy Shank & Smith August 28, 2007
  2. Three Barriers to Growth <ul><li>Need for Executive Team to grow in their abilities to delegate & predict </li></ul><ul><li>Need for systems and structures to handle complexity that comes with growth </li></ul><ul><li>Need to navigate the increasingly tricky market dynamics of a larger marketplace </li></ul>Verne Harnish - Author of Mastering the Rockerfeller Habits
  3. Top 5 Talent Challenges <ul><li>Gaps in Leadership Pipeline </li></ul><ul><li>Creating a Performance Driven Challenge </li></ul><ul><li>Difficulty Filling Key Positions </li></ul><ul><li>Rapid Hiring Due to Growth </li></ul><ul><li>Skills Gap in Critical Functions </li></ul>Bersin & Associates High Impact Talent Management Survey 2006
  4. Leadership & Strategy <ul><li>“ Even the best strategy can fail if a corporation (or firm) doesn’t have a cadre of leaders with the right capabilities at the right levels of the organization” </li></ul><ul><li>“ The failure to assess leadership capacity systematically before launching strategic initiatives can leave tope executives scrambling to fill gaps at the last minute – with significant consequences” </li></ul><ul><li>Leadership as the Starting Point of Strategy </li></ul><ul><li>CFO.com </li></ul>
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  6. Four Generations in workplace Staff Shortage
  7. A Glance into the Future: <ul><li>Theory: </li></ul><ul><li>The oldest, wealthiest, and most visible members of a generation define the behavior and attitude for those that follow </li></ul>
  8. A repetitious process… <ul><li>A senior generation assumes they know what the younger generations want (or should want) for themselves; how they should define “success.” </li></ul><ul><li>The senior generation then prescribes a “pay your dues” process to achieve that “success.” </li></ul><ul><li>The senior generation thinks, in the back of their mind, that the younger generations will never have to work as hard as they did to become “successful. </li></ul>
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  10. Consider the following: <ul><li>“ What happens when generations define success differently?” </li></ul><ul><li>“ How do the conflicting definitions of success affect how we motivate, coach and encourage in the workplace?” </li></ul>
  11. Four Generations in the Workplace <ul><li>Matures – 1909-45 </li></ul><ul><li>Boomers – 1946-64 </li></ul><ul><li>Gen X – 1965-80 </li></ul><ul><li>1981 – 1995 Millennials (Y2K, Netgen, Echo-boom, Gen Y) </li></ul><ul><li> Which one are you? </li></ul>Issue: Generation Differences
  12. The Millenials
  13. Tom’s Top 5 Workplace Tips <ul><li>Be the right person – versus the right organization </li></ul><ul><li>Be specific and don not assume anything </li></ul><ul><li>Define roles and career path (in easy increments and steps) </li></ul><ul><li>Invest in training – it has high ROI, and is a retention tool </li></ul><ul><li>Offer challenging work and reward even small steps </li></ul>
  14. Motivating the “What’s In It For Me” Workforce Cam Marston <ul><li>“ It’s easy to say that these simple demonstrations shouldn’t be necessary. Many people say that employees should enter the workforce ready to work. Blame the parents, the schools, the media or something else. But that won’t change the outcome” </li></ul><ul><li>“ So deal with it” </li></ul>
  15. Contact Information: <ul><li>Tom Hood, CPA.CITP </li></ul><ul><li>Business Learning Institute </li></ul><ul><li>901 Dulaney Valley Rd - Suite 710 </li></ul><ul><li>Towson, MD 21204 </li></ul><ul><li>(443) 632-2301 </li></ul><ul><li>[email_address] </li></ul><ul><li>www.cpasuccess.com </li></ul><ul><li>www.bizlearning.net </li></ul><ul><li>This presentation is the copyrighted property of The Business Learning Institute 2007 </li></ul>

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