Category: Leadership

The Realities of the Current Labor Market. (plus a prediction)

November 4th, 2015

Contrast perceived advantages to working with small/medium firm versus a bohemoth. What is market information telling us?

The US unemployment rate is at 5.1 %; this is considered full employment for economic discussions. However, we have only been here for a couple months. In fact, at the beginning of this year we were at 5.7%, and this time last year we were at 5.8%. This is not a lot of time for workers to see a change in their job search outlook. Nor is it much time for employers to see and react to trends in turnover and hiring.

(Source: Bureau of Labor Statistics)

The realities of Oct/Nov 2015 if you’re a worker, is that it has not been “good” for very long at all. Not even long enough to notice any change really. And this unemployment rate a national statistic. Some regions are red hot and doing better like the mid-west or parts of the west. The east is much cooler in jobs-related reporting than other regions right now.

And if you’re in charge of hiring, every company story is different. Fewer companies are really-aggressively hiring right now. Business strategy drives talent plans. And many current talent plans were set during more conservative and modest business times, likely around the second half of last year. Big companies are not adding or are, in fact staying status quo with hiring plans this year. Small to mid-size companies on the other hand, are driving the growth. As is the rise of the contingent worker who is freelancing, temping, or contracting to greater and greater numbers, which (frankly) barely shows in government labor data.

Now for my predictions.

  • Managing labor costs in business will continue to be a critical focus. This means employers still want flexibility in their labor costs as a strategy. Enter in temps, contractors, independents and or outsourcing.
  • Companies will lower labor costs over time. IT is a great example — After years or decades of using contractors many organizations are seeking to lower costs by bringing more IT folks in-house. This will happen in any skill set over time.
  • We are entering an era of labor shortages. The War for Talent predicted the boomers exit from the workforce and it is happening everyday. Yet now, the exiting labor pool is causing a negative point of view on today’s labor numbers. The labor is leaving the workforce as predicted, albeit a little slower than anticipated. But it is happening and it will cause labor shortages. We simply want our labor shortage to be caused by marketplace growth versus a sharp reduction in supply!

The 2015 Outside-In Summer Reading List

August 5th, 2015

Sometimes I can’t find enough time to read the pile of “must reads” on my night stand. So I am careful to suggest that others add to their guilt (I might be projecting my own guilt!) by having even more book and article suggestions to tack on to their lists.

Books.Pile of book on desk.When I make time to read, however, I am able to set aside the events of the day and the many distractions from people and electronics and something amazing starts to happen. Ideas and thoughts seem to flow in a torrent! I hope you’re able to spark your learning in a similar fashion. Find the time. It reduces stress and allows you to chew on the problems of the day in a new and productive way. And as a CEO or business leader, you don’t have to read all business books to find inspiration. This year, the trend (Fortune & LA Times for example) is for CEOs to read non business books to inspire new ideas.

So whether you’re committing to regular reading or simply looking for something to do on that family camping trip or week at the beach, this August I have a few page turners to consider.

  1. Choose Yourself by James Altucher: James is an avid writer, blogger and many time entrepreneur. Choose Yourself defines today’s workplace realities and offers real world ideas on how to take control of your work and how you will forever define how you earn an income. Thought provoking!
  2. In the Kingdom of Ice: The Grand and Terrible Polar Voyage of the USS Jeannette, by Hampton Sides: This one grips you! A few weeks ago, I spent a week ignoring friends and family on the beach in Block Island and read this one. It’s a true story researched for years by Hampton, Outside Magazine and others. This is the greatest historical story you don’t know! Great lessons in leadership, sacrifice, and survival. Imagine trying to get to the North Pole in a wooden ship with no means of communication with the outside world!
  3. Delivering Happiness A Path to Profits, Passion, and Purpose by Tony Hsieh, CEO In a business world where few have any real meaningful, sustainable business advantage, Delivering Happiness chronicles the dramatic rise of Zappos and how their culture drives everything and defines their success. And it is an entertaining read to boot! Not every success is immediate and over night. Success takes time, risk and perseverance.

I am always scanning for the next must read, I hear the Uncontainable, The Story of the Container Store by Kip Tindell is a must read… Next on the list? What books are on your list? Share away!

How to Retain Millennials

July 30th, 2015

Everyone seems to be curious about Millennials.Millennial-Workforce They are, after all taking over the workforce – in the next ten years they will comprise 75% of the global workforce (The Deloitte Millennial Survey). So, employers should take time to get to know millennials and what makes them tick.

One thing we know is that millennials are job hoppers. According to a survey by Pinpoint Market Research, 39% of participants aged 20-29, have already held 4-7 full-time jobs and 83% plan to stay at a single job for just two years, unless promoted. What is it that makes millennials move around so much? What do millennials value? Let’s look a little further into what Pinpoint found in their millennial survey to figure out how to retain millennials.

  1. Offer work/life balance: this seems to be one of the most important things that millennials seek from an employer. 88%, aged 20-29, said they seek a consistent work/life balance and 57% said they will leave a job if they aren’t getting it.
  2. Create opportunities to work from home: part of a work/life balance is the flexibility to work at home. 72% choose companies with work-from-home options.
  3. Don’t assume money is everything: if your retention plan is to throw money on the table when an employee seems unhappy, think again. 47% choose fewer hours over more pay and 60% choose “love of job” over money earned. Perhaps you should look at your workload expectations instead.
  4. Ensure your company is stable: millennials seek employment at stable companies – 88% say company stability is a top priority when considering employers.
  5. Focus on learning opportunities and career development: millennials want to work for an employer that fosters learning and development AND pays for it. 81% want companies to invest in their professional development and 83% want a clear path to promotion and will leave if they don’t get it. Here’s a few more statistics that really emphasize this one:
    • 83% want tuition reimbursement for education sought while employed
    • 78% want learning opportunities in leadership
    • 73% want to attend conferences, networking events and seminars

Based on the findings in this survey, millennials care about work/life balance, flexibility and career development. What will you do to retain millennial workers?

Outside-In® Chronicles: Three Things Grandmom Rose Taught Me About Leadership

May 6th, 2015

photo-2-223x300With Mother’s Day just around the corner, I wanted to revisit this blog about my Grandmom Rose and her significant influence on my leadership style.

My Grandmom Rose was an amazing person. When she was young, she absolutely loved to dance. When she was older, during a time when marrying those of another religion was uncommon, she left her Jewish faith to marry a man of a different one. And for decades, she fought for the underdog through volunteering for the rights and privileges of the blind here in Delaware. She lived to be well over 102—but her wisdom remains infinite. Although Rose died a few years ago, I think of her often. How could I not? Whenever I was sick as a child, Rose played 97 straight games of Candy Land with me. Imagine that. I think she let me win every time, too.

Today, I thought I would share a few thoughts on Rose’s lifestyle that I think translates pretty darn well into reminders for all of us in leadership positions.

1. Have a sense of mindfulness. This is a hard one. Are you centered and focused on the moment or the task at hand? Are you in the meeting you’re in? Or are you messaging others on your cell phone and trying to keep up with the rest of your day? Rose never knew technology and its advantages, but you always knew she was focused on you when you were sitting in front of her. As a leader, are you giving 100% to the team or person in front of you? Or do your distractions show? Does your lack of attention send the message that your time there is not important? Value the face time.

2. Ask valuable questions. If you’re in a sales, leadership, consulting, or frankly any role in life, there is nothing better than the ability to invest in others through asking questions. If you knew Rose she could ask some humdingers. They would just keep coming, too. They were good and stimulating questions. She genuinely cared about you and life—this showed through her investment in you. As a leader, how many times do you catch yourself talking, maybe dulling out general advice because it’s easier and feels good. Certainly easier than asking the style of questions that help people work through their own challenges and opportunities. Staff members want more than answers. They want skills they can use again and again. Does your leadership style involve a healthy sense of curiosity and frequently asking questions? Or are you too busy to lead and simply give out answers just to keep the day moving along?

3. Do one thing at a time. This sounds so…well, impossible in today’s world. Rose was really great about doing one thing at a time. I think she just wouldn’t understand why we think it is a good idea to multi-task to the point of exhaustion. Leaders get that adrenaline rush. Fight that fire. Answer that email. Text that message. All of these are signs of a normal, hectic day. However, before we know it the day is done. Did you accomplish your most important task? Did you finish what you started? It may seem old fashioned, but there is something to working on the hardest thing first and working on it until it is completed. It’s even more impressive if you do so without succumbing to the constant distractions of smart phones, tablets, and laptops!

When I was young, Rose took me to Gino’s for lunch every week for almost a year to collect that week’s plastic NFL football helmet. Each time she would laugh as I would eat one giant burger and then ask for a second one! Rose knew what was important in relationships. She knew what to bother with. If you see me turn off my phone, close my laptop, or shut the door to focus, know that in some small way, it’s my ode to Rose!

What Would Happen if We Stopped Taking Risks?

April 29th, 2015

Lets start with the obvious, avoiding taking any risk is actually a pretty serious risk all by itself! This requires us to avoid phone calls and interactions with customers and associates. We need to skip team meetings and duck out of the break room, too. The longer we stand still and stay status quo the more likely we are to fall a step behind or even lose altogether—all while our competitors and peers march forward.

The Outside-In® Companies believe in our value of taking risks. We definitely don’t steer around or away from it, but why does it matter for our employees to live this value? Who really cares anyway? In fact, why should any service company encourage risk taking?

ID-100309958First off, risk taking is really about decision making, the lack of perceived authority, task discretion, and reward for doing so. Employees that do not make decisions often do so because their company’s culture discourages it. This is cultivated through the management team and their practices. This is quite often an unexpected negative outcome of a company that lacks a cultural plan to encourage customer centric actions with those that have direct customer contact.

Employees that don’t make decisions have little or no choice but to get the answer for a customer from those that have the power or information. Usually, the power lies in controlling that information and it is intended to be a business control that simply hedges risk. However, in this case, it kills the customer! This can be because of a lack of training and knowledge or a matter of policy and the preferred hierarchical nature of the company.

Close your eyes and remember when this happened to you, a roommate, someone from your household, etc. Is there anything more frustrating than when you’re on the phone with that utility, or in line at the retail store, or airport and the service associate needs a manager? All you needed was to make a return, change a seat, or get your bill in the correct name. The worst part is that the supervisor does not do anything fancy—they just need a stupid code or a key to take care of your return or to move your flight.

A culture that values its customers empowers and encourages risks that take place in the act of serving a customer!

Employees that are not encouraged to notice what their customers are actually saying and then do something about it are not serving the strategic purposes of the business. The front lines see and hear it all. How many times have you heard a clerk or phone representative say that they have told management about a customer opinion so many times but no one listens. Then their voice trails off and their interest and engagement level wanes day by day! If we listen to customers as employees they will tell you why they are angry about a program or policy change, what is never in the store, when service is slow, or when a product has been replaced that should not have been. We can always hear it as employees.

A culture that values risk taking creates an environment where employees have tools and formats to share what they hear and take action! This is customer centric and systematic cultural risk taking. What did you learn from our marketplace today? What did our customers challenge us with? What do they need and want from us? Ask employees for feedback often, give all employees a format to share, reward this flow of insights, then categorize it and teach what to do with it. Most likely your plan of improvement needs tweaking. Employees just need permission to open their eyes and be empowered to see what needs fixing. Empowerment and the confidence to stand up and share what might be the next product or service that enhances your company’s top line strategy are the keys to grow your business.

Risk taking is a cultural tool to encourage customer centric and entrepreneurial behaviors for all of your employees. You have a choice in your organization; you can either treat employees like leased resources, or you can act and create an environment that encourages entrepreneurial behaviors that enhance your customer’s experience with you.

Go sit and listen to your employees, have Outside-In® eyes and ears, and gather the information you need in order to decide how to encourage risk taking that improves the experience for your customer base. Or come visit our office and see it in action!

CBI Way: Tackling a Talent Community

March 25th, 2015

By Outside-In® Team Member Alex Patton

ID-100248481Identifying talent has become more of a prolonged process recently as candidates continue to have more options and opportunities. As of January, the national time to fill averaged just over 25 days, according to the DICE Vacancy Duration Measure. The CBI Way blog has been examining trends in sourcing with over 5 million job openings nationally. And, creating a talent community can be a great way to make identifying candidates more efficient and cut down on time to fill for future openings.

A talent community relies on engagement and inclusion of professionals, usually in a specific industry. Another method of social recruiting, talent communities can create a collection of candidates with a common interest to tap for future opportunities and help drive referrals. Two keys to building a great community are communication and great content to keep the community active and engaged.

Developing a personalized place where professionals can interact with different types of individuals, all holding the same interest is where the “community” aspect comes into play. Active talent, passive talent, hiring managers, and industry experts have a place to share content, discuss new trends, or even offer advice on best practices to land a new job. At first, you’ll be driving the content, but eventually, others will be asking questions, sharing trends, and helping to grow the community. Although you may not seek candidates currently, having that pool of engaged and interacting professionals can help reduce your time to fill.

Growing and promoting the talent community efficiently is imperative. The more the merrier. While it won’t happen quickly, as the community grows, so does the capability to identify the talent that is knowledgeable and most desirable.

What is a Pre-Mortem Exercise?

March 18th, 2015

Have you ever worked in an organization that pulls the whole team together to review how to launch a new product or open a new office? The idea here is to create a “no fear zone” where teams can discuss and share what went well, what did not go well, and what lessons can be applied to future projects. When completed properly, “pre-mortems” can be a great way to promote learning, improve team behaviors, and create greater efficiency.

Imagine this scenario, a CEO calls a meeting with key staff to discuss a failed product launch or a quarter that is 20% off plan. Why would this meeting be called today when the product launch is next week and the quarter doesn’t start for another three weeks? While reading The Obstacle is The Way by Ryan Holiday, I became very overwhelmed by the concept of reviewing what could go wrong before it can go wrong.

ID-100185794A pre-mortem exercise is when you openly talk about every single thing that could go wrong with a project before the process implementation and execution begins. The goal is not be dark or negative, but rather to create an environment that encourages learning and proactive discussion about the downsides of efforts and actions before minor stucks turn into problems. This is exactly why athletes workout and why actors have rehearsal—practice makes perfect! We can never have too many business dress rehearsals or scrimmages.

Each and every business can greatly benefit from understanding contingency planning. When this type of thinking becomes natural and organic, it preconditions your team’s actions to fix what breaks. In other words, if you discussed what could go wrong and one of those potential snags begins to unravel, it might get addressed before it becomes an issue simply because the team anticipated this minor crisis and is fully prepared to handle it with ease.

Try a pre-mortem exercise today—what do you have to lose? Only learning, team building, and efficiency.

Outside-In® Chronicles: Mother Knows Best – Parental Leadership (Dale Carnegie Style)

February 18th, 2015

What can we learn about leadership from watching a parent? Just about everything. Parenting and leading require the same concepts and principles—communication, setting expectations, establishing roles, and setting boundaries. Let’s not forget building relationships and knowing what is important to the other person. In Dale Carnegie’s How to Win Friends and Influence People, one decree involves baiting the appropriate hook to suit the fish. In other words, knowing your audience and what they want. This requires you to think and speak in terms of the other person’s interest—in the Outside-In® world, this means being Customer Centric.

1871_001-2A great example of baiting the right hook involves my experiences as a young boy on any typical Saturday morning involving chores. The morning began with the Dale Carnegie approach from my mother, “Chris, remember today is chore day and if you still want to go to your friend’s house you have to clean up your room!” The answer was always, “Sure, Mom.” She would march off to scrub a wall, sweep, vacuum, or do the mounds of laundry that her active family always produced. Me? Well, I would go to the opposite side of the house; constantly moving and dodging parental contact. And then childhood pastimes would get the best of me—Saturday morning cartoons, eating, frankly staring at the ceiling, or even doing homework would be better than chores.

Then the second and even third requests would come, “Chris, why have you NOT started to clean up? You’re not going anywhere today and you’re really close to losing out on the whole weekend.” No longer was Dale Carnegie present in our household. It was “do it or else” time. Which never, ever worked. The more you push and tell me what to do, the less I will listen. (Did I mention I am an entrepreneur?) Try to make it my idea. Ask me. Explain the value of accomplishing the task. Even bribe me to do it. Don’t tell me what to do.

I find leaders start this way in work situations. We start by giving one a gentle push to complete a nagging, maybe slightly-behind project that is more important to us than the ones of whom we are asking. Then we check in and we get more directive, “I want that done by Monday. Are we in agreement?” And we end with the threat, “You know that your vacation day is in jeopardy and you are falling well off of plan. Performance reviews are right around the corner you know…”

water-24420_640So what does the inventive and creative Mom do when progress is behind? She takes the hill like a true Leadership General. She heads for the trash bag under the sink. Nothing moves people (or children) faster than the reach for the trash bag. Not following? Mom would grab the bag and head to our room or wherever our stuff happened to be piled that day. And she would say, “Anything I pick up you will not get back, it’s going to Goodwill.” And then I would come running, perhaps with tears streaming, “NO!” Sometimes it took action, not words to move the task or project to completion!

PS – Don’t try this on teenagers. They are prone to mumble, “Good now I don’t have to do it.” Or, “I have too much stuff anyway.” Any verbal warfare they can think of that gets to you!

Everyone is a Leader—How Do You Lead?

December 31st, 2014

Everyone is a Leader is the hardest Outside-In® value to live and the most important value for us to get right! Culture is our secret sauce and our choke point. Our culture is “free.” Anyone can see it, read about it, experience it, and copy it. Then why is it so hard to mimic? Ego, success, habits, what exists, to name just a few. Giving everyone a chance to be a leader when there are so few good ones? Well, that just might be the point after all. Would you rather have one, or two, or many? I think getting all to embrace and understand the essence of leadership gives us a real marketplace advantage.

ID-100260051Imagine an organization and the advantage it could possess if its workforce dedicated itself to learning about leadership? Would growth be more manageable as key openings were easier to fill? Especially if you can fill these roles from within?

Living a value and being a great leader are obviously different. For our companies we want and expect:

  • All to have a say, especially in customer matters
  • All to learn how to make effective decisions
  • All to learn how to develop leadership capabilities
  • All to practice leadership skills

Leadership Mastery is a 10,000 hour pursuit. Thats 3 hours a day for a really long time—over ten years! Living the value of Everyone is a Leader frankly takes just as much organizational energy. But like I said if we do it well it is a free advantage that is extremely difficult to copy!

Outside-In® Chronicles: 10 Ways to Avoid Being an Average Salesperson

November 12th, 2014

Over and over again I meet average salespeople with average results that sell middle of the road products and services. Everyone from the company, including senior leaders/founders, sales leaders, and salespeople, all want and need more results. Salespeople want to hit the quota, make big commissions, and earn bonuses. The company typically has a strategy that involves growing—whether it be into new territories, industries, or segments. Lots and lots of work is done on setting goals and targets, and in fact, this work is continuous and never ending.

So why are so many salespeople off plan right now? I will tell you what I have learned. Most of this is not original, rather I am an “aggregator” sharing a combination of ideas and experiences to address this epidemic of sorts.

10. Don’t sit next to an average salesperson. Sales is lonely. Salespeople flock together for support and companionship. The problem is that they learn from each other—good and bad habits. When they are uncertain about something they ask one another instead of those that can actually help.

9. Avoid calling on the same people over and over again. Salespeople like to talk to people those who are nice to them, those who will take their call, and those who will meet with them. In a world of disruption this is comforting. However, they are not the real buyers. The person you might want to talk to is a change maker and they might not want to talk to you unless you can guide them through the change they want and need to make.

statcred8. You keep saying you’re there to serve at their beck and call. Sales today is about more than just problem identification and being there with your iPad ready to take the order. Today’s salesperson has to be able to add value in assisting the person in making decisions, not waiting for them to make it.

7. Confidence (or lack of it). The product is changing constantly. Your customers world is shifting and changing, too. If you stand still too long doing the same things you will have not changed enough and you will quickly become an average salesperson. It’ll happen so fast you won’t even know what hit you.

6. The accumulation effect. You simply do not put enough into your sales pipeline. You must collect leads to build prospects. Prospects must become conversations, bids, proposals, and solutions in draft. This takes a while. Average salespeople sit on what they have and pray that there is enough in their pipeline to meet their goals. However, really good salespeople put more in the pipeline all of the time, forever.

5. Time. It simply takes time. How many touches does it really take? Usually 6-10.

4. You don’t make enough happen. Send one more email. Go to one more networking event or trade show. Make one more call. You aren’t doing enough!

3. You dump the features and benefits of your product or service. In today’s world your buyer has never, ever been able to get more information on you, your business, your service, your competitors, and frankly, even your pricing. Everything is available in today’s connected world. Help your customer sort through it all!

2. Customers buy you first! How good have you been climbing the relational ladder from Ed Wallace’s Building Relationships That Last? Do you make commitments and keep them? Are you showing how you can be a trusted advisor and do you know how to do this?

1. In Outliers, author Malcolm Gladwell says that it takes roughly ten thousand hours of practice to achieve mastery in a field. Are you willing to put that kind of time in? Are you good enough to make it that long? How do you get from where you are now to mastery? At eight hours a day this will take you a good five years of focus.

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