When you’re in a position of authority, people have a tendency to tell you what you want to hear; or at least be very “calculated” about how they share feedback with you. An executive coach can provide more honest and direct feedback.
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Your talent is going to walk out. Let’s talk about how to save your workforce.
You’re about to lose 40% of your workforce. Yep, we said it. That’s awfully close to HALF! Over recent years, we’ve seen many Baby Boomers retire. Waved goodbye as they took their knowledge and expertise out the door with them. As of December 2018, 39.2% of people in the US workforce were aged 55 or older. Traditionally, most people retire in their early to mid-60s. So what does this say for your company in the next 5-10 years?
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Does it feel good to give to others? Biology tells us that giving back actually makes us happier! The National Institutes of Health found that when people give to charities, it activates regions of the brain associated with pleasure, social connection, and trust, creating those warm and fuzzy feelings. And when you feel warm and fuzzies, your brain wants to continue to feel that way. But giving is more than just making ourselves feel good.
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Let’s guess what you’re thinking. Probably something along the lines of: “Another article about what it means to be a leader, even if you don’t manage anyone.” And you’ll probably move on or delete this as your eyes roll to the back of your head. But wait! Keep reading…
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Picture this scenario: People at work are unengaged. You can feel your direct reports whispering about you around the water cooler. Sometimes you feel walked on. And your team thinks that they can get away with anything…because you won’t do anything about it. Does any of this sound familiar?
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We’ve all been there. And some are still there. Maybe this will remind you of the people on your team. In a spot where what was once a career is now just a job – a means to an end. All purpose is gone and people don’t feel valued. Negative behaviors have become the norm. It feels like some have given up. People start to feel stuck or are keeping their eyes peeled for a new job…far, far away from here. What happened?
The short answer: YOU could be the problem.
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You might be thinking…well, not MY employees. Yes, even YOUR employees. Studies show 53% of employees are unhappy at work. And the reason they’re leaving: YOU. The majority of employees leave their manager…not their company.
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Succession planning is a process that every organization needs to be thinking about and working on throughout the lifecycle of the business. However, succession planning in a family-owned business has some unique challenges and considerations. More often than not, more than one family member is working in, invested in, or associated with the business. When your business associates are the same people you celebrate special occasions and holidays with, you need to be even more intentional about not damaging relationships in the process.
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Culture. How a common group of people think and treat each other. It’s the expected way people behave. Your family has a culture. Your group of friends has a culture. The team you work with has a culture; and so does the company for which you work.
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Consider this all-too-familiar scenario: You’re driving to work behind an SUV that abruptly stops before an intersection. No turn signal, no warning. Just stops in the middle of the street. How inconsiderate! You could have wrecked! So you lay on the horn, angry and flustered, yelling a few choice words.
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