Technology is getting smaller
As a child of the 70s and 80s, I know all about BIG technology. Seriously, guys these days don’t know they’re born. I had to wear a back pack for the batteries to support my first Walkman (yeah, I know…..what’s one of those?) and that’s before I talk about my first mobile phone…..which was great. As long as you were within three minutes of a charger. Not forgetting that it used to take a small army to return the TV to Radio Rentals when you wanted to upgrade to push button technology.
But here is the thing. Whilst hardware has got smaller, so has software. Smaller and a hell of a lot more powerful. There is a platform or solution for almost every single thing you do within the HR department. Hell, thinking about it there is probably even an app that mopes about having a seat at the table too. We should be engaging with this new small technology, seeing where it fits into our business, deploying it effortlessly and through it creating a better employee experience.
Employees are getting pickier
Which brings me on to the next point. Things are picking up out there and people are starting to think about whether they really want to spend another five, ten years dealing with the same rubbish that they’ve had to put up with since 2008. Just being big is no longer going to cut it, just being the market leader is cute, but doesn’t get you a cigar. What is it that you have that makes it a different experience for employees?
You can’t guarantee a job for life, or a gold-plated pension scheme. You probably can’t even promise decent career progression because you’ve been so busy flattening your organisational structures to take out management layers and cost. So what do you have to offer? What is it that makes you REALLY different? Why on earth should anyone work for you?
Talent is getting broader
Fortunately for you, talent pools are getting bigger. You just haven’t worked it out yet. But that’s ok, that’s what I’m here for. You can thank me later. So here’s the thing, the “war for talent” has never really been about talent, that’s just the label they put on it to scare your CEO. It was a war for qualifications and in some way skills. But that’s all about to change, because qualifications are going to become more or less obsolete.
Why? Because the things that you learn at school, at college, at university are great, but they’re going to be irrelevant to the workplace almost as soon as you graduate. Instead what you need to be looking for are the adaptable, self-learning, flexible, curious people who won’t come in to your business expecting everything to be like it was at business school. Because they never went. And these people, are everywhere, you just need to open your eyes and look differently.
Culture is becoming realer
Which brings us on to culture, or, “how things happen around here”. Because you know what? It really makes a difference. I’m not talking about trying to be Zappos or Google. You’ve got more chance of waking up alongside your secret crush of choice. Which is exactly the point. We’re all different, we like different things, we have different looks and we want different outcomes. And so do our organisations.
Being real and open about who you are as a business, accepting your lumps, bumps and blemishes, but being proud of your good bits (no matter how soft a focus is needed) is going to deliver a better performance. Identifying who you are, getting your senior team comfortable with that and dropping the pretence of being something you’re not. Enough of the authentic leadership babble, we need to start talking about authentic business.
Reward is getting harder
Well, there had to be something that was a bit of a suck in the top five. And this is it. Because the way in which we pay individuals has been pretty static for the last fifty years. The way in which we structure reward is archaic and no longer fit for purpose. I’m not just talking about the cash that you take home to pay the bills and buy the monthly takeaway, I’m talking about the entire reward and compensation framework.
When you look at new entrants to your market, they’re offering entirely different compensation terms. And if you want to compete with these guys for the best people, then you’re going to have to think about how you pay and reward. People aren’t interested in a job for life, the benefits that you offer were drawn up by a 50-year-old white guy, some time in the 80s because they frankly just don’t cut it. Don’t believe me? Take a look at the “what we offer” of most corporate websites and then tell me how inspired you are. Then think about change.