In the current economy business leaders may find themselves answering a new question when interviewing a potential employee. Why should I work for you?
The equation has changed. The Interviewee is now putting the Interviewer on the hot spot to demonstrate the value of the company to him or her.
With low unemployment, increased ability to transparently search for a new job using on line tools like www.Monster.com, www.careerbuilder.com, and www.hotjobs.yahoo.com it's easier than ever to pick up your job skills and move.
Add to that the Gen-Xers (ages 30 - 43) have only 44 million peers versus the 80 million Baby Boomers, who filled the workforce before them, and you can see the talent crunch is upon us. However, the shrinking numbers of eligible candidates are not the only hallmarks of the leadership deficit.
While Boomers and X-ers both value hard work and quality results, how they approach producing them and what they are willing to sacrifice along the road to success and riches are quite different.
Boomers entered the workforce with 80 million peers to compete against for their job. In order to survive and keep ahead of their colleagues they put in long 20-hour days full of meetings, face time, and schmoozing. They generated lots of data, charts, reports and documentation to show how hard they were working and that they had a plan for the next 5, 10, 20 years.
The Gen-Xers saw a child's eye view of their Boomers work-centric parenting. They felt the impact of it personally when their parents, after years of loyal service to an organization, were let go in the 70's and 80's without warning. Life became even more uncertain for these young adolescents. The first generation of 'Latch Key Kids', they had been letting themselves into empty homes after school, managing their own snacks and schedules. All while trying to support their often single and frantic parent survive the uncertain and unstable world of the new corporate America, where loyalty was demanded from the employee, but not provided by the employer.
X-ers, now 30 - 43 years of age with young families, have decided that's not the world they want for their kids. They know the lasting impact it had on their confidence and self-esteem. They want something "better" for their children's childhood.
X -ers want to see their daughter's track meet and cheer at their son's football game. They are willing to tighten the budget and give up the next promotion that requires frequent time away on multi-night business trips.
They are not expecting loyalty from the organization they work for and don't expect to retire with their current company. They will serve there as long as they feel they are being treated fairly and with respect. If there are new opportunities to learn, grow and expand their career and leadership skill sets, they will work hard.
But they are not adverse to jumping on a search engine to find the next place to park their mouse pad if the tide changes.
Loyalty is a two way street today. If leaders want loyalty (a.k.a. longevity of service to your organization) from an X-er you have to demonstrate you are interested in their future.
- How can they grow and learn with new opportunities at your company?
- How can they create the work/life balance to see their kids special events in person?
- How do you show them you respect and appreciate them?
If you can't answer these questions, chances are your top talented X-ers are looking for someone who can.