Make Work Cultures Fit The Needs And Aspirations Of Young Adults, And They Will Stay Here
Replacing baby boomers who retire presents a continuing problem for companies in the Pittsburgh region. And there is no easy solution in sight. Our universities and colleges attract many young students to Pittsburgh, but after graduation they leave in droves for jobs elsewhere.
The Coro Report of April 2003 showed that between 1980 and 2000, the population of 20- to 34-year-olds in the 10-county Pittsburgh region dropped by more than 200,000 for a 32 percent decline from 1980 levels. Between 1990 and 2000, the region experienced another 6 percent drop.
Of the solutions offered to this dilemma, few, if any, have focused on the need for Pittsburgh companies to restructure traditional corporate culture to make it more acceptable to
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In the past 25-plus years, I have consulted with corporate leaders throughout the United States and in more than 30 countries around the globe. I have seen them create corporate environments that attract the most talented, younger people while freeing and nurturing the “inner entrepreneur” among all their employees. I believe more Pittsburgh companies can do the same.
Technology and outsourcing have leveled the playing field in the global marketplace. As a result, corporate culture is now the single, competitive differentiating factor that can neither be copied nor taken away. A corporate culture attractive to younger employees and more mature employees can give our companies a key competitive edge at home and abroad.
Companies that renew their cultures
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With the loyalty of yesteryear fading, corporate leaders can exemplify a new face of loyalty by addressing the needs of younger employees who want more than a place to go to put in their time and collect a paycheck. These leaders challenge, inspire and create ways for people to use their individual skills and talents. They help
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For example, through its corporate university, Highmark Blue Cross Blue Shield has established a nationally recognized training program that continually educates its employees. For IT staff, employees are trained in state-of-the-art technology. They complete 37.5 hours of training each year, adding substance to their education and resumes.
Leaders of enlightened companies support high productivity but minimize stress. Downsizing and scarce resources have created stressful and fragmented workplaces. Employees seem to work at almost superhuman speed and intensity. Such business may seem like a good thing, but it is harmful. As stress rises, mistakes increase, opportunities are lost and
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Young people are eager to make contributions, own their solutions and hold themselves accountable. But if they are forced into a rigid mold, they will hold corporate leaders accountable for outcomes instead of themselves. Younger employees feel especially connected with companies that view them as complete human beings. A healthy, work-life balance means as much, if not more, to some of them than salary.
At Highmark, all employees have the option of free use of its fitness centers and participation in its clinically based health and wellness programs. Employees who live in
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Gen Xers and Gen Yers want to know that corporate leaders value their personal lives as well as what they bring to the company. They also have an overriding need to experience progressive challenges and to sense that they are fulfilling their personal destinies within reasonable time periods.
In this regard, newly hired management trainees at National City Bank move through a progressive, three-year training and development program, experience a number of career assignments and become visible to
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Forward thinking companies also produce a winning tradition through ongoing evaluative processes that include feedback through spontaneous coaching as well as formal evaluations. They accept feedback in real time that helps them know what they are doing right and how to make corrections and improve. They want to be part of a winning tradition. And once accustomed to winning, they want to keep on winning. Losing becomes unacceptable.
Corporations that create a cycle of winning hire only the best people for their raw talent, values and character, not just for skill sets. Skills we can teach. We cannot
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In this regard, National City Bank concentrates on communicating extensively with prospective trainees through a high-touch recruiting program — a series of hiring events that take place multiple times each year. Each event includes a “Super Saturday” during which up to 40 job candidates interview with three different National City Bank executives and learn about the bank’s culture. The bank enjoys an 85 percent acceptance rate on its offers to these college graduates, and its retention rate for the program is about 70 percent.
Federated
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Whatever the company and industry, companies that retain younger and more mature employees alike elevate communication to an art form. This goes beyond sending out e-mails or holding employees forums on critical issues, although these
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No matter how brilliant an idea or innovation may be, if employees lack the drive, the commitment and the dedication to nurture it to fruition, it will not be worth the bother. There will always be a competitor who can take the idea and do it cheaper, faster, better. What competition cannot replicate is a company’s culture, one that is peopled with passionate, dedicated employees who have an endless source of brilliant ideas.
Perhaps most
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(Joanne G. Sujansky, Ph.D., of Upper St. Clair, is founder and chief executive officer of KEYGroup. Contact her via e-mail at jsujansky@keygroupconsulting.com.)
Dr. Joanne G. Sujansky, CSP (Certified Speaking Professional) has over 25 years of experience helping leaders increase organizational growth and profitability by creating and sustaining what she calls a vibrant entrepreneurial organization. She is an international keynote speaker, founder of KEYGroup and the author of numerous books on leadership, change and retention. A member of
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