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Attract and Retain Talent of all Ages
- Peter F. Drucker
“At fifteen, I set my heart on learning.
 At thirty, I was firmly established.
 At forty, I had no more doubts. At
 fifty, I knew the will of Heaven. At
 sixty, I was ready to listen to it. At
 seventy, I could follow my heart’s
 desire without transgressing what
 was right.”          -Confucius
Percent of Population Age 60+ 2025
  Under 5%      5% to 12.4%   12.5% to 20%   Above 20%




                                             Source: U.S. Census Bureau
The Mature Worker
34%


                               25%
              20%
                                                16%



    4%
                                                                  1%

50 or Under   51-60           61-65            66-75         75 or older         Never


              At what age do you plan to retire?


                      Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
49%


                                               39%
Preference for working
after “retirement”



               12%




          Working full-time              Working part-time          Moving back and forth
                                                                 between working full-time and
                                                                         not working

                              Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
40                                                38
                                                             35
    35      32
                                                30
    30             26
    25                                                                               21
%   20                     18
                                                                     15      15               16
    15
                                   9                                                                   8
    10
     5
     0
         Looking for a new job at another        Feeling at a dead end      Fear of being laid off or fired
                    company

                             Y              X           Boomer            Traditionalist
                                    Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
                                                                                                                  10
Mature Workers –
The Good News on Engagement



       70                         65                           61
                           57
       60
                                                        52                                  53
                  48
       50   45                                    44
                                           39
       40                                                                             35
                                                                        32
                                                                               28
   %
       30

       20

       10

        0

            I really care about          I’m willing to put in          I find my values
               the fate of this           effort beyond that                 and the
                organization              normally expected            organization’s are
                   (agree)                    to help the                similar (agree)
                                           organization be
                                          successful (agree)

                       Y             X            Boomer                 Traditionalist




                                                                                                             11
                                Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
Mature Workers –
The Good News on Engagement




     70
                                                            64
                             61
     60
                                                                                           54
                       49
     50                                               46
                  42
     40                                        37
 %          33                           35
                                                                        28    28
                                                                                      35
     30

     20

     10

      0
           A good deal of my pride      Time seems to pass            I often feel energized by
          comes from my work and      quickly when I’m at work                 my work
               career (agree)                  (agree)


                         Y           X           Boomer              Traditionalist



                                  Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
                                                                                                                12
Keys to Engaging Mature Workers:
1.   Give them an opportunity to contribute in
     meaningful ways
2.   Provide opportunities to continue improving
     their skills and stretching their talents
3.   Flexible work arrangements, especially
     schedules, will become more and more
     important
The Mid-Career
    Worker
Keys to Engaging Mid-Career Workers:
1.   Mid-career workers are looking for
     comprehensive benefit plans
2.   They want the flexibility to meet work and
     life commitments
3.   They need stimulation, variety and a change
     of pace, sometimes including the chance to
     reinvent themselves
The Young Workers
40                                                 38
                                                             35
  35      32
                                              30
  30             26
  25                                                                                    21
% 20                     18
                                                                     15         15              16
  15
                                 9                                                                       8
  10
   5
   0
       Looking for a new job at another        Feeling at a dead end          Fear of being laid off or fired
                  company

                           Y              X            Boomer               Traditionalist
                                     Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
Young Workers –
The Bad News on Engagement


       70                       65                           61
                           57
       60
                                                       52                                 53
                  48
       50   45                                  44
                                         39
   %   40
                                                                      32
                                                                                    35
                                                                             28
       30

       20

       10

        0

            I really care about        I’m willing to put in          I find my values
               the fate of this         effort beyond that                 and the
                organization            normally expected            organization’s are
                   (agree)                  to help the                similar (agree)
                                         organization be
                                        successful (agree)

                       Y           X            Boomer                 Traditionalist


                            Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
Young Workers –
The Bad News on Engagement


     70
                                                                64
                             61
     60
                                                                                                 54
                       49
     50                                                  46
                  42
     40                                     35    37                                       35
            33
                                                                             28     28
 %   30

     20

     10

      0
           A good deal of my pride        Time seems to pass              I often feel energized by
          comes from my work and        quickly when I’m at work                   my work
               career (agree)                    (agree)


                         Y             X            Boomer                Traditionalist




                                  Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
Keys to Engaging Young Workers:
1.   They are highly independent, both
     functionally and intellectually
2.   They are situational vs. structured
3.   Remember that they are more likely to
     process information digitally
4.   Highly comfortable with diversity, beware
     one-size-fits-all approaches
“The single biggest
 problem in
 communication is the
 illusion that it has
 taken place.”
          -George Bernard Shaw
Engagement Strategy:
1.   Communication is your Cornerstone
    Are you meeting the13x requirement
    How are you seeking and getting feedback
     from employees?
    Business is not T-Ball
    How do your messages cascade?
    Making the most of true believers
Engagement Strategy:
2. Analyze your Workforce




                            Timothy Butler & James Waldroop
                            “Job Sculpting” Harvard Business
                            Review
                            September-October 1999
Engagement Strategy:
2. Analyze your Workforce

Observation            Assessments
  Time Consuming        Quick
  Expensive             Inexpensive
  Highly Subjective     Highly Objective
Engagement Strategy:
3. Engage Your Leaders
 The Engagement impact of first-line
  supervisors
 360° assessment for all “People Leaders”
 Don’t leave anything to chance
 Individualize your approach to each group
How Not to
 Redesign
   Work
Engagement must Start at the Top!
 The need for Senior Champions
 Engagement is not FREE
 Link with your Strategic Plan
 Keep it simple
 Hypocrisy travels even faster than bad
  news
Developing a generational engagement strategy

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Developing a generational engagement strategy

  • 1. Attract and Retain Talent of all Ages
  • 2. - Peter F. Drucker
  • 3.
  • 4. “At fifteen, I set my heart on learning. At thirty, I was firmly established. At forty, I had no more doubts. At fifty, I knew the will of Heaven. At sixty, I was ready to listen to it. At seventy, I could follow my heart’s desire without transgressing what was right.” -Confucius
  • 5. Percent of Population Age 60+ 2025 Under 5% 5% to 12.4% 12.5% to 20% Above 20% Source: U.S. Census Bureau
  • 7. 34% 25% 20% 16% 4% 1% 50 or Under 51-60 61-65 66-75 75 or older Never At what age do you plan to retire? Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
  • 8. 49% 39% Preference for working after “retirement” 12% Working full-time Working part-time Moving back and forth between working full-time and not working Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
  • 9.
  • 10. 40 38 35 35 32 30 30 26 25 21 % 20 18 15 15 16 15 9 8 10 5 0 Looking for a new job at another Feeling at a dead end Fear of being laid off or fired company Y X Boomer Traditionalist Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004 10
  • 11. Mature Workers – The Good News on Engagement 70 65 61 57 60 52 53 48 50 45 44 39 40 35 32 28 % 30 20 10 0 I really care about I’m willing to put in I find my values the fate of this effort beyond that and the organization normally expected organization’s are (agree) to help the similar (agree) organization be successful (agree) Y X Boomer Traditionalist 11 Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
  • 12. Mature Workers – The Good News on Engagement 70 64 61 60 54 49 50 46 42 40 37 % 33 35 28 28 35 30 20 10 0 A good deal of my pride Time seems to pass I often feel energized by comes from my work and quickly when I’m at work my work career (agree) (agree) Y X Boomer Traditionalist Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004 12
  • 13. Keys to Engaging Mature Workers: 1. Give them an opportunity to contribute in meaningful ways 2. Provide opportunities to continue improving their skills and stretching their talents 3. Flexible work arrangements, especially schedules, will become more and more important
  • 14. The Mid-Career Worker
  • 15.
  • 16. Keys to Engaging Mid-Career Workers: 1. Mid-career workers are looking for comprehensive benefit plans 2. They want the flexibility to meet work and life commitments 3. They need stimulation, variety and a change of pace, sometimes including the chance to reinvent themselves
  • 18.
  • 19. 40 38 35 35 32 30 30 26 25 21 % 20 18 15 15 16 15 9 8 10 5 0 Looking for a new job at another Feeling at a dead end Fear of being laid off or fired company Y X Boomer Traditionalist Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
  • 20. Young Workers – The Bad News on Engagement 70 65 61 57 60 52 53 48 50 45 44 39 % 40 32 35 28 30 20 10 0 I really care about I’m willing to put in I find my values the fate of this effort beyond that and the organization normally expected organization’s are (agree) to help the similar (agree) organization be successful (agree) Y X Boomer Traditionalist Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
  • 21. Young Workers – The Bad News on Engagement 70 64 61 60 54 49 50 46 42 40 35 37 35 33 28 28 % 30 20 10 0 A good deal of my pride Time seems to pass I often feel energized by comes from my work and quickly when I’m at work my work career (agree) (agree) Y X Boomer Traditionalist Source: The New Employee/Employer Equation, The Concours Group and Age Wave, 2004
  • 22. Keys to Engaging Young Workers: 1. They are highly independent, both functionally and intellectually 2. They are situational vs. structured 3. Remember that they are more likely to process information digitally 4. Highly comfortable with diversity, beware one-size-fits-all approaches
  • 23. “The single biggest problem in communication is the illusion that it has taken place.” -George Bernard Shaw
  • 24. Engagement Strategy: 1. Communication is your Cornerstone  Are you meeting the13x requirement  How are you seeking and getting feedback from employees?  Business is not T-Ball  How do your messages cascade?  Making the most of true believers
  • 25. Engagement Strategy: 2. Analyze your Workforce Timothy Butler & James Waldroop “Job Sculpting” Harvard Business Review September-October 1999
  • 26. Engagement Strategy: 2. Analyze your Workforce Observation Assessments  Time Consuming  Quick  Expensive  Inexpensive  Highly Subjective  Highly Objective
  • 27. Engagement Strategy: 3. Engage Your Leaders  The Engagement impact of first-line supervisors  360° assessment for all “People Leaders”  Don’t leave anything to chance  Individualize your approach to each group
  • 28. How Not to Redesign Work
  • 29. Engagement must Start at the Top!  The need for Senior Champions  Engagement is not FREE  Link with your Strategic Plan  Keep it simple  Hypocrisy travels even faster than bad news