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Leadership in an Aging workforce and emerging leaders

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Leadership in an Aging workforce and emerging leaders

  1. 1. NEW BOOK RELEASE! Order at: www.drannkappelministries.org or on Amazon
  2. 2. Leadership in an Aging Workforce & Emerging Leaders Dr. Ann Marie Kappel Alpha Consulting & Empowerment www.drannkappel.com 972-997-6238
  3. 3. Changes across the United States Work force demographics in the United States are changing everyday. As peoples life spans increase so do the number of years they are expected work. This ‘Aging” Multigenerational workforce and its impact on the economy is a widely discussed topic throughout the country.
  4. 4. The Bureau of Labor Statistics (2007)  In 2007 The Bureau of labor statistics predicted that by 2010 over 50% of the work force would be 40 years of age or older.  This aging trend would be expected to continue for several more decades  By 2030 millennials are expected to out number the baby boomers in the work force by 22 million
  5. 5. Generational Traits of Employees 1922-1945 Traditionalists Value logic Discipline Stability Want a Legacy 1946-1964 Baby Boomers Idealistic Competitive Questions Authority Dislikes Change Recognition Stellar Career 1965-1980 Generation X Work/Life balance Career portability Flexible Some Anxiety Dislike Micromanagement 1981-1994 Generation Y/ Millennials Value diversity Technologically superior Change Want meaningful work Embrace selected technologies and don’t let go 1995-2010 Generation Z/ I-Generation/ Linksters Technology a part of life Never lost Multi-profiled Multi-collaborators Multi-personality Multi-locations The 5 Generational Traits As seen in the chart below members of different generations have different values and attributes and therefore work and behave differently than the generation before them
  6. 6. There are at least 4 ways to think about age and its relevance in the work place.  Chronological age  Life course  Generation  Career path Age can also affect values, attitudes, and working styles, it can also hinder effective communication by leading to misunderstandings which can lead to a drop in an organizations effectiveness as a whole. Age in the Workplace
  7. 7. The work force is becoming more heterogeneous (More diverse) in terms of:  Age  Gender  Ethnicity  Race  Nationality Managers and leaders need to consider how varying perspectives can influence employee motivation and job satisfaction. The Time of Diversity
  8. 8. The Present/Future In the very near future companies will experience a massive loss to their work force when the baby boomers begin to retire, and yet very few of them are at all prepared for this inevitability. As technology continues to shoot forward companies will have to remain on the cutting edge to: 1. Continue to be competitive 2. Motivate their employees 3. Turn employees into greater assets 4. Emphasize the technological skills of younger workers
  9. 9. As Companies begin to not only focus on extrinsic motivation for their older employees but also intrinsic motivation for their young employees, they will be better equipped to hold onto their older as well as their younger employees. They will also begin to know how to keep both the younger and older generations motivated and experiencing job satisfaction while being engaged at different career stages. Bridging the Gap in Generations
  10. 10. Self Awareness Working for You In order to work with the changing workforce, you need to be aware of who you are. Are you going to work with change or against it? Some ways to find out is to determine where you stand on the following:  Self-Aware vs. Self-Conscious  Self-Affirming vs. Self-Degrading  Self-Motivated vs. Self-Absorbed  Self-Differentiation vs. Self-Pity  Self-Love vs. Self Serving
  11. 11. The Result of Self Awareness Freedom to Choose Imagination Conscience Independent Will Stimulus Response
  12. 12. Ways to Proactively Work with Generational Issues 1. Don’t confuse “work” with a location. 2. Provide leadership and feedback. 3. Give them the big picture. 4. Invest in their development. 5. Don’t confuse leadership with titles, positions, or flow charts. 6. Create a fun environment.
  13. 13. Leaders can Transform Themselves  “Successful leaders can transform themselves as the organization changes.”  Many have a tendency to promote people to management because they are good at a technical skill.  The person is good at the skill, but they may not be good at the skills needed for managing others.  Take the time to invest in training.  Training must be nurtured and sustained by leadership  Leaders spending time as part of the team can boost the effectiveness of training  Training works best with motivated and engaged staff
  14. 14. Creative Hiring  Determine how to identify and hire the best possible employees  Go to the source that creates those kinds of employees One CEO took part-time teaching jobs in engineering programs at a college and university because the students who gain a degree and practical experience gave him a good selection of people to choose from.
  15. 15. Self-Assessing your Leadership Performance  Your emotional intelligence directly affects your leadership qualities  Leaders who embody these traits are more successful and build more revenue for their companies  Interpersonal Skills  High Stress Management  Adaptability  Empathy  Problem Solving Skills The Four Pillars of Leadership Authenticity • Be a trusted role model who inspires moral behavior and confidence Coaching • Help train and inspire others to be a mentor Insight • Communicate with a purpose and offer hope and inspiration Innovation • Recognize the importance of risk and let staff complete projects that fail
  16. 16. FOUR DOMAINS OF EMOTIONAL INTELLIGENCE  SELF-AWARENESS  Know your story  Make peace with your past  Know your emotions and your behavior patterns.  SELF-MANAGEMENT  Develop relaxation skills  Develop self-motivation skills  Maintain good physical health
  17. 17. FOUR DOMAINS OF EMOTIONAL INTELLIGENCE– cont’d.  SOCIAL AWARENESS  Understand nonverbal communication  Develop a positive view of others  Understand the basic emotional needs and personal integrity  RELATIONSHIP-MANAGEMENT  Develop skills for listening and empathy  Develop skills for assertive communication  Learn conflict resolution skills  Learn skills for support and affirmation of others
  18. 18. Strategies for Integrating Emerging Leaders What Some Companies Did:  Eliminate the “Corporate Ladder” approach to management  Authority passed around team leaders  People have sense of equality and involvement  Offer more weeks of vacation to every new hire and classes on how to reduce working hours.  Allowed people with families to remain loyal to the company  Make office hours flexible  Allowed people to come in when they choose and work when it was best for them Strategies to Keep Emerging Leaders:
  19. 19. What Attracts and Motivates Today’s Emerging Leaders  Values quality of life  Flexible hours  Vacation time  Continuous training  Telecommuting options  Leveraging technology to work efficiently instead of staying late  Rewarding, intellectual stimulating work  No Micromanaging  Independence, Creativity, and Forward Thinking  Individualized approach to management  Teamwork and networking
  20. 20. Be an Effective Manager for People “The majority of communication about business is funneled through your managers. When employees resign, the top reason … is their relationship with their manager. People leave managers, not jobs or employers.” Value People Believe in 2-way, Effective Communication Create an Empowering Environment Hold People Accountable and Responsible without Punitive Measures Demonstrate Leadership and Clear Direction Believe in Teamwork Place the Customer at the Center of their Existence and Regard Reporting Staff as Customers
  21. 21. Leadership Style Preferences 1922-1945 Traditionalists “Leaders should have integrity” Comfortable in command and control leadership systems Like leadership to offer structure and certainty Prefer leadership decisions to be anchored in precedent where possible Leadership decisions should be made with logic and discipline Good leadership minimize risk 1946-1964 Baby Boomers “Leaders should be humane” Leaders should describe a vision of what the future could be Leadership should establish direction clearly Leaders should focus on the big picture and then let followers work out the details Leaders should be democratic and authentic Good leadership maximizes opportunity 1965-1980 Generation X “Leaders should be credible” Leadership should be highly situationally dependent Leaders should minimize organizational policies Prefer leadership to be relatively open and informal Leaders should prescribe loose guidelines and a framework (not rules) to encourage entrepreneurship Good leadership is balanced and fair minded 1981-1994 Generation Y/ Millennials “Leaders should have competence” Leaders should create room for as much autonomy as possible Leadership should focus on setting broad and challenging targets and milestones Leaders should operate within flat reporting structures Prefer to allow a lot of individual freedom and independence Good leadership is creative and inclusive
  22. 22. Know Yourself and Others “Better understanding of (yours and) other’s thinking, motivation, and resultant behavior can help you become a more effective and emotionally mature leader, coach, and workplace contributor.”
  23. 23. ?Q&A? Thank you for your time! Dr. Ann Marie Kappel Drannkappel.com 972-997-6238

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