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Going with the Flow or Swimming Upstream:

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President Bush said his administration is 'deeply concerned about the ... 1946-64 Baby Boom 4.0. 1965-80 GenX 3.3. 1980-2003 Millenials 4.0 General Personalities ... – PowerPoint PPT presentation

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Title: Going with the Flow or Swimming Upstream:


1
Going with the Flow or Swimming Upstream How
to Handle Current Trends in Employment Jill M.
Hudson, JD, SPHR Total Compliance Connection, LLC
2
Session Objectives
  • Scan the environment - whats going on out there?
  • Identify trends
  • Figure out what they mean to you
  • Leverage the knowledge to your advantage

3
Well focus on...
  • Employees and Employers
  • Changes in our
  • age
  • race
  • generational differences
  • education
  • access to technology
  • The New Ground rules

4
September 10th, 2001
  • Labor Depts Bureau of Labor Statistics reporting
    an unemployment rate of 4.9
  • President Bush said his administration is deeply
    concerned about the unemployment rate and we
    intend to do something about it.
  • Service industries added 72,000 jobs in August

5
Post September 11, 2001
  • Now What?

6
Whats going on out there?
  • At 6.2, Americas average unemployment rate is
    still the lowest in 30 years.
  • Predictions are that it will average at 4.7 for
    the next 20 years.
  • U.S. employers now find themselves in a global
    war for talent

7
Global Unemployment RatesInternational Labor
Office
8
But what about us, Jill? Unemployment - JULY
2003 Oklahoma 5.5 OKC 5.5Tulsa
6.5Enid 3.2Lawton 3.8
9
Human Resources in Oklahoma
  • 1998 - 2008
  • 2400 - 3100 30
  • U.S. 13

10
AGE
  • 16 of the population is 60 or over
  • The 85 category is the fastest growing
  • Our median age is 35.3

11
AGE
  • The median age of the workforce shifted from 18
    in 1970, to 35.3 in 2000.
  • The 45 and older group increased by 30 during
    this period.
  • Today, 51 of the workforce is
  • middle-aged (between 35 and 54), while workers
    under 24 continue to decline.

12
RACE
13
RACE
  • U.S. born people of color and immigrants are 45
    of the new workers beginning this year.
  • Asian and Hispanic populations will double, and
    represent 40 of the total workforce
  • The percentage of white males continues to
    decline, from 42 in 1990 to 36 by 2010.
  • Census Bureau reported this year that Hispanics
    have surpassed African Americans as the largest
    minority group in the U.S.

14
ACCESS to TECHNOLOGY
  • 53.5 of the US population has access to the
    Internet
  • Canada - 44.9
  • UK - 55

15
ACCESS to TECHNOLOGY
  • A persons ability to connect means that they
    could be a candidate for a job with a company
    2000 miles away, or for 100 companies at once -
    all from their home.
  • People who might be otherwise unable to attend
    college can because of being connected.
  • From 1992 until now, a year in the development of
    the Internet has been likened to five to ten
    years in the evolution of other media. The
    backbone of the Internet now doubles in capacity
    every 100 days.

16
ACCESS to TECHNOLOGY
  • There has been more information produced in the
    last 30 years than in the previous 5,000 -
    largely due to the Internet
  • A weekday edition of The New York Times contains
    more information than the average person was
    likely to come across in a lifetime in 17th
    century England
  • 85 of college level knowledge will be obsolete
    in 5 years - continuous learning is critical

17
Quantitative vs. Qualitative
  • Skills Gap exists many young employees lack
    the knowledge, skills and attitude to properly
    fill the high-tech jobs offered in our economy
  • Technology is raising the level of skills
    required for new jobs, and for existing jobs
  • The D.O.L. estimates that 44 of all workers are
    in data services

18
Projected Job Growth 1996-2006
By Level of Education
Source BLS
19
Fastest Growing Occupations
  • Computer engineers
  • Computer support specialists
  • Systems analysts
  • Paralegals
  • Home health aides
  • Social service assistants
  • Physicians assistants

20
Growing vs. Shrinking Occupations
  • 40 of jobs in Americas growing occupations
    require intermediate or higher level language
    skills, whereas only 21 of jobs in shrinking
    occupations do
  • 33 of jobs in growing fields require high
    problem solving skills only 1 in shrinking jobs
    do

21
Skills Employers Want
  • Writing
  • Listening
  • Observation
  • Applied Mathematics
  • Reading for information
  • Applied Technology
  • Locating Information
  • Teamwork

22
  • Young men have strong desires, and whatever they
    desire they are prone to do. They have not yet
    been humbled by life or come to know the force of
    circumstances. They think they know everything
    and are positive about everything.

Aristotle322 B.C.
23
Generations Birth Rates
  • Millions per
    year
  • 1920-39 Silents 2.4
  • 1946-64 Baby Boom 4.0
  • 1965-80 GenX 3.3
  • 1980-2003 Millenials 4.0

24
General Personalities
  • Silents BB X
  • Outlook practical
    optimistic skeptical
  • View Authority respectful love/hate
    unimpressed
  • Work Ethic dedicated driven
    balanced
  • Leadership by hierarchy consensus
    competence
  • Relationships sacrifice gratify
    non-commit
  • Perspective civic team
    self

25
Closer Look Generation X
  • 71 believe sometimes you have to compromise your
    principles
    Margot Harnblower
    Time
    6/9/97
  • Tell us what it is. Tell us what it does. And
    dont play the national anthem while you do it.

    Advertising Nike Corporation

26
I find it interesting that a family-focused
business scoffs when you want to take a day off
to spend time with your family.
Jennet Hunt Graduate Student Age 26
27
Harsh Economic Facts
  • Takes 40 of income for home mortgage(1950s,
    payments took 14)
  • Today, 30 yr. old male will earn 25 less than
    his dad his father earned more than his
    grandfather at 30
  • 60 will get back 200 for 100 paid in Social
    SecurityXers will lose more than 100 for every
    450 contributed

Claire Raines Beyond Generation X
28
  • Longer stage between childhood... adulthood
  • 30 live with parents ( kids)
  • Youngest copulating, oldest marrying generation
    recorded
  • Not ready for commitment
    J.W. Shenk
    US
    News World Report 6/9/97

29
  • Want what they want when they want it
  • Automatic teller machines
  • Pagers
  • Cell phones
  • Microwaves
  • T.V. remote controls
  • Fast food industry
  • Expect instant gratification

30
  • Self reliant
  • Both parents working
  • Higher divorce rate/single parents
  • Latchkey kids
  • Creative problem solvers
  • Color blind Diversity is a way of life

31
  • Thrive with technology
  • Amazingly technoliterate
  • Want info quickly
  • More visual than literary
  • Short attention span or...Can think midst
    tidal waves of information

32

Likes Dislikes
  • Honesty
  • Feedback ( and -)
  • Visuals
  • Ongoing development
  • Fun
  • Hearing about past
  • Inflexibility
  • Being over managed, over watched
  • Feeling disrespected
  • Technique over results
  • Disparaging comments
  • Being called Xers

33
X RequisitesMost Frequent Requests of Managers
  • Appreciate us
  • Be flexible
  • Create a team
  • Develop us
  • Involve us
  • Lighten up!
  • Walk your talk

34
The Millenials
  • 57 million Americans under 15 - 20 million ages
    4-8
  • 60 have moms working outside the home compared
    to 18 in 1960
  • 60 of households with ages 7 or younger have
    personal computers
  • Will determine how - and how well- Boomers live
    in retirement

35
The Millenials
  • 1/3 of elementary-school students are black or
    Hispanic, compared with 22 in 1974. Minorities
    will be the majority by 2050
  • No threat of nuclear war but much less
    independence
  • Millenials will live beyond 2070, making the
    Jetsons seem like the Flinstones

36
Millenials are...
  • Action-oriented What am I going to do about
    it?
  • Realistic
  • Responsive and passionate they are concerned
    about the environment, prejudice, and world peace
  • Are team players look for solutions
    collectively and with humor
  • Are stressed boomer parents are pushing them to
    succeed

37
How Does Change Feel?
38
Employer What should I do?
  • What do I need to think about when considering
    employment structures?
  • What are the needs and values of the people I
    want to have work for me?

39
Employee What should I Do?
  • What should you focus on to be successful
  • What will make you a valuable working commodity?

40
The Trinity of the Blur
Connectivity
Speed
Intangibles
41
1. Be a Quick Change Artist
  • Short-lived assignments are common
  • Constantly new co-workers, bosses, etc.
  • Must adapt fast
  • Must have rapid recovery
  • You will have to learn how to change reflex-level
    behaviors

42
  • You think you understand the situation, but
    what you dont understand is that the situation
    just changed.
  • - Putnam Investments advertisement

43
Are we doing it?
  • National survey of 1100 HR professionals
  • Four topics
  • HR Issues
  • Managing Change
  • HRs Role in Organization
  • Need help measuring (HR Scorecard)
  • HR Skills
  • Most important people skills
  • Least important financial, analytical, process
    and research skills
  • Body of HR Knowledge
  • Specific to industry and specialization

44
2. Commit to a Job
  • Not the same as loyalty
  • Putting in your time wont work
  • Commitment to a profession or discipline vs. a
    company is very prevalent

45
  • Theyre only puttin in a nickel, but they want
    a dollar song.

46
3. Speed Up
  • Operate with a sense of urgency
  • Learn to fail fast, fix it and go on
  • Take no part in resistance to change, it will
    only bog you down
  • I have a microwave fireplace. You can lay down
    in front of it all night in eight minutes. -
    Steven Wright

47
  • Look at a roster of the 100 largest U.S.
    companies at the beginning of the 1900s. Youll
    find that only 16 are still in existence.
  • During the 1980s, a total of 230 companies 46
    disappeared from the Fortune 500 list.
  • Companies today feel that takeovers are cheaper
    than recruiting employees.

48
4. Accept Ambiguity and Uncertainty
  • Your work life will be fuzzy
  • If you have a high need for structure, youll
    hate this environment
  • Employees will take personal responsibility for
    prioritizing and acting

49
5. Behave like Youre in Business for Yourself
  • Full-timers are the new minority
  • Less than half the workforce will be holding
    conventional full-time jobs
  • Every year more people are self employed
  • 66 of HR managers polled said their company
    allows employees to telecommute on a part time
    basis
  • We are all free agents

50
The business of baseball - and all professional
sports- changed forever the day in 1969 that
Curtis Flood, an all-star center fielder,
refused to report to work.. Free agency, not
baseball, has been the name of the game ever
since. Blur Davis and Meyer
51
  • David Bowie surprised the entertainment - and
    investment -worlds when he announced that he
    would float a personal bond issue. The entire
    issue was snapped up within an hour for over 50
    million.
  • Your talent becomes visible and can be priced on
    the open market.

52
Take-aways
  • Unemployment is still low some sectors growing
  • Technology continues to drive the economy
  • Change is constant
  • Keep learning

53
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