Leadership – Page 16 – mardihumphreys.com

The Talk

It’s time for “the talk.” Not THAT talk; you need to talk to your family about retirement savings-both theirs and yours. Yes, the economy is suffering right now and it’s tempting to push pause on long-term savings, but the future keeps coming and everyone from Baby Boomers to Gen Z should continue to plan for it.

Don’t Count on It

Do not make the mistake of counting on the United States government to fully fund your golden years. Social Security is intended for use as an emergency resource, not your main source of income after you leave the workforce. Plus, by 2034, projections reveal that the Social Security Administration will be paying out more benefits than they are taking in through payroll taxes because there will be more retirees than employees. If Congress steps in then it probably won’t run out. But if you want to live the rest of your life comfortably, then you should fund your own retirement.

It’s Not About the Money

When talking to your family about future finances, you’re not really discussing money. Whether it’s your adult children who want you to carry them on your insurance or your parents who want you to be the executor of their wills, money is just a representative. What you’re really talking about is both expectations and emotions. Whether fear, resentment, kindness or generosity, feelings are attached to financial conversations. These discussions are not one-and-done. For example, when your parents began telling you about the birds and the bees, it wasn’t just one talk, was it? When our daughter was three years old she asked me where babies came from. I told her Cleveland. That satisfied her for two years. As she grew older, her questions grew more specific. It’s the same for the money talk. As everyone in your circle of care ages, the questions you ask them should become more specific. For example, when speaking with:

Gen Z – Do you have an emergency fund with at least $1000 saved? If not, they should think about automating their savings. Here is how to create a plan
Millennial – Are you aggressively paying off debt? Here are some pros and cons
Gen X – Are you taking advantage of catch-up retirement savings? Here is how they work
Baby Boomer – Have you thought about where you want your assets to go after you’re gone? Here is what they need to know if they live in the great state of Ohio

Awkward

How you manage your money is a very personal choice. When it has the potential to impact, either positively or negatively, the people you care about, you must talk to them about it no matter how awkward it feels. Opening up a dialogue before a financial emergency happens allows you to remain calm when the crisis hits. It may even prevent the crisis. The result of uncomfortable money conversations with your loved ones is it becomes more comfortable the more you do it. The result is peace of mind, and you can’t put a price tag on that.

What stops you from talking to your people about their and your future finances? Please share in the comments.

My Way or the Highway

I keep stumbling over the word agency because it’s a contributing factor to The Great Resignation. It’s trending in the context of one of its lesser meanings (check out #9). As I struggled to visualize it, I received an unexpected email of encouragement from my manager. In reassuring me that I am achieving our goals, his email helped me label how I achieve them. It also woke me to the fact that not everyone has this freedom in their work. Employers had to give up a certain amount of control over their workforces at the height of COVID-19 when they weren’t allowed to have employees work under their watchful eyes. An employer who has issues with employees working remotely is not a logistics problem, it’s a trust problem.

Control

If it’s not enough to complete the task correctly and on time, but it also has to be done the way the manager prefers, then you have a lack of agency. For example: toward the end of her life, our grandmother was not physically strong enough to wash the windows on her house herself. During a visit, my husband offered to do it. She immediately pointed out what equipment to pull from where, gave him a recipe for the cleaner, dictated while he mixed it, and window by window instructed him on how to clean them. Kudos to him for his patience. There were 13 windows on that house. It was a long afternoon. Haven’t we all had a micromanager? Or one who insisted we be available to them 24/7/365 like Miranda Priestly in The Devil Wears Prada? If this is your current situation, can you set boundaries on when you’re available to your manager? Can you transfer to another department that allows you more freedom? Is having agency important enough to you to find a different job? Whatever you decide, take time to think about how you got into this situation. Are you habitually involved with people (managers, people you date, etc.) who want to control you? If you determine that you’re the common denominator in these relationship equations, talk about them with a trusted friend, therapist, or coach to help you identify red flags in both your behavior and your manager’s. Otherwise, the lack of agency is likely to follow you to your next role.

Trust

Your lack of agency means your manager doesn’t entirely trust you. Some things to consider:

Have you done something to lose their trust?
Are they micromanaging everyone, or just you?
Is your relationship strong enough that you can ask them what they are afraid of?
Is there a way you can reduce their insecurities?
If you do what you’re told the way you’re told to do it every single time, there’s no learning. Would your manager let you experiment, fail, then learn from the result? For example: Can you do a project how, where, and when you want to, successfully complete it, deliver a report of the results to your manager, then ask for this process to become your standard operating procedure?
Have you had success on your own initiative that you can remind them of to prove your credibility?
Would more communication (e.g., weekly status reports) on projects give them more confidence in you?

You train people how to treat you. You cannot change other people’s behavior, you can only change what behavior you will accept from them. If you can’t achieve the autonomy you need at your current position, then your decision is whether to stay or go.

What do you do when you experience a lack of agency at work? Please share in the comments.

No Labor Today

Our wedding anniversary typically falls around Labor Day. My husband and I usually schedule time off work around the holiday weekend to celebrate by traveling a bit. This year marks our 30th wedding anniversary, so we decided to do something special. We visited Grand Teton National Park. We not only needed a grand gesture to celebrate our milestone, but also to get as far away from our day-to-day as possible. Pre-COVID-19, I wrote about how it benefits your job when you take a break from it. Mid-COVID-19, a break feels mandatory. With the blurred boundaries between work, home, school, etc., how can you process what you just lived through (and continue to live through) and use those learnings to iterate the next version of your life post-COVID-19? You don’t have to go all the way to Wyoming, but you should unplug, reset, and filter.

Unplug

We chose to get away to a place with little to no cell service, mostly because I can’t be trusted to enforce my OOO boundary. But maybe your children are in the throes of the beginning of both the school year and their fall extracurriculars so you need to stick close to home. Get creative about taking time to recharge. For example, take half-days off for a week. While the rest of your household is doing their things, turn off your phone, laptop, Xbox, etc., and change your scenery. If your job is sedentary, go to a Metropark and bike, walk, or kayak. If your job is physical, go to the library and read, journal, or listen to music. Whichever you choose, commit to only answering your mobile if there is a life (not work) emergency.

Reset

Get out of your comfort zone. Choose one activity you’ve never done before and do it every day for the week. If you work by yourself, follow CDC guidelines and do a project with others. If you work with others, find a solitary pursuit. You could:

Volunteer at your local food bank, church, or YWCA
Study coding with Python
Learn to cook your favorite restaurant meal with YouTube videos
Listen to different music (e.g., rap if you’re a country fan)
Read a different genre (e.g., non-fiction if you normally read sci-fi)

By the end of the week, you’ll know whether or not your choice is an activity you enjoy. If it helps you reset your mindset, then make time in your schedule to keep doing it.

Filter

At the end of each day, journal about your new activity. You could write, doodle, voice memo, whatever is your choice for making notes. Think about:

What did you see, hear, touch, taste, and/or smell?
How did it make you feel?
What did you learn?
What does it make you want to change?
What does it make you want to keep doing?
How will you use these new insights to influence your work?
Are there priorities you have to reset? People to whom you have to communicate boundaries? Comfort zones you have to get out of?

Prioritizing your physical, mental, and emotional health gives you the energy you need to bring your best effort to work, life, and people in your circle of influence.

What are you going to do to recharge? Please share in the comments.

Taking the Lead

The photo above is my reaction to reading my acceptance email to Leadership Dayton. I’m thinking, “This must be how Harry Potter felt when he got his letter to Hogwarts!” The program is offered by the Dayton Area Chamber of Commerce. For 10 months, leaders are immersed in the systems that make our community run. Let’s define leader as anyone who has a sphere of influence. Since everyone has a sphere of influence, everyone is a leader at some level. Why should anyone invest time learning how their community works? Even if you don’t commit to a formal leadership development program, giving time to your community benefits the work-life integration of both you and your workforce.

Empower

Your business exists to solve problems. You want coworkers who can quickly identify organizations that have the problems your business solves. A great way to do that is to join a committee for the non-profit organization of your choice. You’ll see their struggles firsthand and work with other volunteers to creatively solve them. Then you take the new problem-solving skills you learned back to work and show your team how to apply them to your next project. With this evidence, you could petition your C-Suite executives to allow individual contributors to volunteer on company time. The ROI for employees, non-profits, and your community is exponential.

Elevate

As a leader, one of your responsibilities is to reach behind you and pull others up the ladder. We usually think of that in terms of advancement in the company, but what your coworkers experience outside of the workplace affects them at the workplace. What do they need help with while not on the job? Do they need emotional support emerging from the pandemic? Help with a non-responsive landlord? Upskilling? Relationships with SMEs you can contact when your employees require resources like bankers, educators, and lawyers is a valuable benefit of working with you. For example, if one of your individual contributors has a child with special needs and is having trouble tracking down a specialist, if you volunteer on a committee at your local Children’s Hospital, you can connect them with assistance. This may seem way above a manager’s pay grade, but recognizing your workforce as human beings with needs you can meet builds trust, and business moves at the speed of trust.

Emulate

Once you get the hang of working with committees in your non-profit community, maybe even serving on a governing board, you are ready to reproduce yourself. Select a direct report with leadership potential and bring them alongside you to serve. When they get their feet under them, allow them to choose a coworker with similar interests and leadership potential and send the two of them off to start the cycle over. They may choose a totally different cause to support than you do, and that’s okay. Your community is full of diverse needs and needs diverse people to meet them.

I’m excited to go on this journey with my classmates and learn how I can use my T.E.A.M. in service to a community I love. How has taking the time to lead positively affected your company? Please share your thoughts in the comments.

Tempting Talent

Last week we discussed how to retain your current employees during the Talent Tsunami. But despite your best efforts, it’s likely that some of them will still jump ship (cue Debbie Downer). From a financial perspective, hiring a new employee is an expensive process. You not only have to calculate salary, but also the cost of recruiting, training, and benefits. If you are a company of 0-500 people, this price could average $7645. How can you ensure you’re attracting trustworthy talent?

Congruity Through Change

It’s tempting to just increase the top of the salary range or offer a sign-on bonus and publish the “We’re Hiring!” post. But throwing money at the problem is not a long-term solution. The pandemic proved the workplace can function very differently than it’s been allowed to since the industrial age. This excited employees, but management not so much. COVID-19 fast-tracked the inevitable evolution of the way knowledge work gets done. Protocol that made factories run efficiently (e.g., all employees work five consecutive eight-hour days) are no longer in employees nor companies best interests here at the end of the digital revolution. If you make this an arbitrary rule, you risk losing out on valuable talent. Conversely, if you explore innovative alternatives for running your business, then you keep your company’s vision intact by taking advantage of modern methods to manifest it. For example: How many processes can you automate? Can you employ subcontractors? Can you upskill high-value individual contributors? Concepts like remote working and unlimited PTO that your company deemed impractical before COVID-19 are now your competitors’ widely advertised company perks. Ponder how implementing such changes may impact your business. A company that helps its workforce navigate work-life integration attracts employees who want to make that company thrive. Be a company that allows employees autonomy to get their projects done, advance in their career and life, and affiliate with both their coworkers and company. Prioritize being a great place to work; a place where employees are valued as human beings and not treated like cogs in a machine. When you do, that becomes part of your brand. In short order, you have an inspiring story to tell everyone and you will attract a workforce excited to invest in the company’s success.

Not Your First Rodeo

You’ve been short-handed before, so now is not the time to panic. Employment is a long-term prospect. You need to discern whether a new hire will be a loyal member of your team or if they are just riding a Talent Tsunami wave. Be as selective in choosing whom to add to your staff now as you were pre-pandemic. When hiring, consider:

Why are they changing jobs?
Did COVID-19 cause them to be laid off or furloughed?
What did they learn during the pandemic that will help them succeed in this role?
Are they looking for more purpose in their work?
What specifically drew them to your company?
Did someone you trust from your network connect you to this talent prospect?
Do they seem excited to meet with you?
Did they tailor their resume to the open position?
Did they ask you good questions about both the company and the job?

This power shift to job seekers won’t last forever. You’ll likely have the same pre-pandemic issues (e.g., finding employees with specific skills) you always had, but if you refresh your policies to create more win-win working conditions, you’ll attract quality talent.

What makes your organization attractive to talent? Please share in the comments.

The Tide is High

You kept your business solvent during the pandemic. Now vaccines are available and buildings are reopening. Both you and your workforce are deciding where to go from here. Pivots like switching the product you manufacture (e.g., making hand sanitizer instead of bourbon) or shifting your employees to working from home has not only burned everyone out, but also revealed work-life integration paradigm shifts. You need to both retain your current workforce and attract new employees, but how? This week, let’s focus on keeping the folks you have.

Pivot Again

You regularly adapt your business to market conditions. This shift in the balance of power is a condition more abrupt than most, but it offers you a gift. It forces you to look at your mission, vision, values, policies, and procedures and sift them through the filter of The Platinum Rule. For example, employees hear the siren call of flexibility and autonomy in their jobs. Are your company’s paid time off policies amenable to employees with caregiving duties to young children, aging parents, chronically ill partners, etc.? If not, then it behooves you to reevaluate those policies. If your employees are being washed away by the Talent Tsunami, then you need to take a long, hard look at your company’s culture, protocols, and development paths. If your workforce was happy before the pandemic, then they would not be so tempted to leave now. You will be wise to shift your mindset to focus more on taking care of your employees and repeatedly communicating that commitment. People want to work in an environment where they feel valued. If your company has a vision the workforce can believe in, you coach them to share it, and demonstrate how their jobs are integral to realizing it, then employees get invested in meeting the company’s goals and want to stick around.

Engagement Brings Retention

The inconvenient truth is it’s cheaper to keep an employee than to hire a new one. If you don’t know what your employees need to achieve work-life integration, or to feel appreciated, now is the time to ask and actively listen to their answers. Individual contributors who feel they belong and have purpose are less likely to burn out. How do you know if your employees are burned out? Ask them. Company-wide email surveys are easy to create, send, and compile results. You can ask questions like: How do you think the company handled pivoting during COVID-19? How many days a week do you want to WFH? If the company reimburses you for upskilling, will you agree to work for us for a year? The answers will give you data that will not only help you to assess the risk of employees leaving, but also reveal what you can do to keep the good ones.

“Bye” the Way

Unless employees signed a contract saying they’d do one, they are not obligated to give exit interviews. A smart employee will not grant one if they don’t have anything nice to say. An exit interview is more of a benefit to you than to them. It’s an exiting employee’s gift of feedback to you. If the resigning employee grants one, stick to questions that will help you retain other employees. For example: What could the company have done to make it easier for your team to communicate with each other?

What are you doing to encourage your employees to join you in making your business succeed? Please share in the comments.

Making Waves

The pandemic made us take a hard look at our priorities. What is now most important to you? In terms of your job, if you were able to pivot (e.g., a restaurant moving from fine-dining in person to at home delivery) or to transition to WFH (e.g., software developing), you’re grateful to have found a way to continue making a living. But now that we’ve moved into COVID-19’s phase of vaccines and variants, do you want to keep this up?

What Do You Want?

It’s time to decide what aspects of the working-under-quarantine conditions you want to maintain. Has the way you had to work made you want a different job, maybe even a different career path? If so, you have loads of company. The U.S. Bureau of Labor Statistics reports 3.6 million Americans quit their jobs in May 2021. But before you start searching for a new situation, get clear on why you want to leave your current one. If you’re running away from this job instead of running to another one, your discontent is likely to follow you. Ask yourself:

Am I burned out?
Did the pandemic reveal a side of my company’s culture that I can’t support?
Were my manager’s expectations unreasonable?
Did I discover a remote position would be best for work-life integration?

During the work day, when you feel frustrated or stressed, write down what you’re working on or what’s happening. Is it a project, person, and/or PTO? The answers will help you define your non-starters when considering your next role.

Defining what you don’t want narrows your choices down to what you do want. Compensation (salary, PTO, insurance, retirement benefits), location, culture, and leadership development are all obvious details you need to consider. But also ask yourself:

What does your perfect job look like?
Where are you doing it?
When are you doing it?
Who are you doing it with?
Why are you doing it?
How are you doing it?

What values do the answers to these questions reveal (e.g., freedom, culture, growth)? Rank them in order of importance. For one work week, notice what you are doing when you lose track of time as well as what you are doing when time seems to drag. Write these down and analyze them. While looking for a new position, search for one that allows you to do more of the work you enjoy.

How Do You Get It?

Once you figure out what you want, make a list of companies whose mission, vision, and values match yours. LinkedIn, Glassdoor, and Business Journals regularly identify great companies to work for. Target people in these companies you can reach out to for informational interviews. Notify your network that you are looking for a new role. Ask them not only for introductions to hiring managers you want to meet, but also ask how you can help connect them to the decision makers they want to meet. It’s tempting to apply for every job that looks like fun, thinking that eventually one will take, but that’s actually a time waster. It’s more effective to invest your time building relationships with your network. Insiders know a position is available before it gets publicly posted. A good rule of thumb is to network with five people for every one job application you submit.

Are you thinking about a new position? What are you looking for in a company? Please share in the comments.

Red Alert

Our daughter was born seven days before my 31st birthday. While pregnant with her, my OB/GYN referred to us as a geriatric pregnancy. Has a bit of a negative connotation, don’t ya think? I prefer to think of us as trendsetters because these days plenty of women are following in our footsteps. At the time, I hoped that within twenty-five years society would evolve to the point where it’s easier for parents of minor-aged children to work full-time. The deadline to fulfill that hope is January 2022. Looks like I’m going to be disappointed.

Acknowledge

The corporate sector has done little to address this issue, and as we discussed last week, bias against working mothers hasn’t changed much in 25 years. Since the pandemic spotlighted their plight, now is an opportune time to use that momentum and advocate for permanent changes with employers for both mothers and fathers. Child care is necessary for parents to work. Work is necessary to drive economic recovery from COVID-19. More than half of the parents who took this survey anticipate that the cost of child care will increase because of the pandemic. The child care crisis is now a red alert and it affects all of us.

Communicate

If you are a parent in the workforce, the pandemic probably taught you the necessity of work-life integration, especially if your children are very young and/or school-aged. For example, the need for your physical presence when your child is an infant is not the same as when that child becomes a teenager. Even if your work responsibilities don’t change during those years, where and when you do the work can. Gone are the days of sitting in an office for eight hours waiting for work to appear. Work happens 24/7/365; so does the rest of your life. Figure out where your boundaries are, then communicate and negotiate them with your manager. When your employer knows that you’ll write the quarterly report after your daughter goes to bed in exchange for attending her soccer game that afternoon, they should respect your work-life integration. If they don’t, then you can find an employer who will. Right now there are more jobs available than people to fill them. You need to be in an employment situation where you can have transparent, on-going conversations with your manager (e.g., performance reviews) where the goal is to define both what the company currently needs from you, and what you need from the company in order to meet its needs. The result should be an arrangement benefitting both you and the company. If you and your employer are both fair and flexible, not only will you successfully integrate the responsibilities of your life, but you, your employer, and your children will benefit also.

How does your business address the needs of working parents? Please share in the comments.

The Motherhood Penalty

During a networking lunch with a female colleague, we chatted about our grown-and-flown daughters. We have four between us and love them more than life. I said, “I think being a working woman in America is a challenge, but being a working mother in America is a problem. Having children is a luxury.” She replied, “Or a liability.” That’ll preach. She said out loud what plenty of people think but don’t publicly acknowledge because we’re afraid of either hurting our children’s feelings or being harshly judged by our peers.

Research reveals that when both a man and a woman are up for the same job, gender is a factor in who gets it. The general perception is that a man can focus on the job, while a woman, specifically a mother, will be distracted by her circumstances outside of the job. This unconscious gender bias is called The Motherhood Penalty.

It can show up in how managers talk to each other about their direct reports. For example, on Monday a department head comments that Joe is a good example to his children because he worked all weekend to finish a project, but when Jane does the same thing, this department head worries aloud about who is taking care of her children. Also, think about positions in your business that require travel. Are there more men in those jobs than women?

A woman doesn’t have to be a mother to get penalized. Assumptions regarding women’s lifestyle choices are common. Some prejudice is so ingrained and subtle it occurs unnoticed until a vice president looks around the company and wonders why there are so few female directors. To get promoted to director, you first have to get promoted from individual contributor to manager, and that’s the problem.

The solution falls heavily on Human Resources. They possess the data and are in the position to ask questions about what it reveals. For example, if the organization has historically promoted more men than women from individual contributors to first-time managers, why? The answer may require an assessment of the performance review process to bring gender bias into the company’s collective consciousness. You can look at quantifiable statistics like skillsets and who consistently met their departments’ KPIs. But anecdotal evidence must be gathered too. Are female employees held to a higher standard than male employees in the same role? Are female employees’ mistakes criticized more and remembered longer than male employees’ mistakes?

Assuming it’s more risky to fill a leadership position with a woman instead of a man is false speculation. Anything could happen. The man could take all the leadership development you give him and go work for your biggest competitor. When organizations advance the person most qualified for the job and provide reasonable support for that person, everyone benefits; especially the clients.

How do you see The Motherhood Penalty at work? Please share in the comments.

Travel Team

It’s vacation season and if you have a spouse, you want to travel together. But there are things you want to do that they don’t, such as spend five hours at one art museum, spend three hours at a coffee shop, or spend an hour reading a book at a botanical garden. Luckily, you have friends who think these pastimes sound heavenly. In addition to traveling with your partner, take a trip with a friend. These adventures are ripe with lessons you can take back to work.

Getting to Know You

Constant togetherness reveals hidden talents as well as idiosyncrasies. For example, you discover that your friend has an uncanny ability to quickly spot your Uber while they notice that you can easily navigate large airports. On the other hand, maybe you are irritated by your friend’s obsession with the weather forecast and they are annoyed by your insistence to walk everywhere. We learn to be more considerate of each other because our time together is finite. The same is true at work. Projects have lifecycles. Acknowledge an interpersonal conflict when it starts. Be quick to define both your and your teammate’s boundary. Additionally, recognize that taking the time to unravel and resolve miscommunication is time well spent.

Plan B (or C or…)

When traveling, sometimes Plan A won’t work. Issues like flight delays, a car rental company losing your reservation, and a broken air conditioner in your hotel room provide multiple opportunities to not only find out how good a business is at customer service, but also work with your friend to figure out how to overcome the obstacle. Which one of you will: Take the lead in patiently communicating the unacceptable situation to customer service? Motivate the other to remain calm? Influence the service you receive by confirming that everyone is working toward the same goal? After recovering from the setback, you can take the lessons you learned (e.g., active listening, empathizing, aligning expectations) back to work and apply them to your team’s next project. When unpredictable obstacles occur, you can confidently take the lead to solve them because you’ve experienced the emotional intelligence required to get through a frustrating process.

Teamwork

The first time you travel with a friend to a destination that’s new to both of you, logic dictates that you set the parameters of the trip and start negotiating. Who is booking the transportation? Who is booking the hotel? Who is booking reservations at the restaurants, museums, sites, etc. that you want to visit? You divide up the task list according to talent. They are good at determining how much time you need between connecting flights. You can detect if a hotel is as good as its marketing says it is. You must trust each other to complete these tasks. During the trip, you both are gracious when unforeseen challenges happen. You patiently support one another when mistakes in judgement cause setbacks. You encourage each other to stretch outside of your comfort zones. You remain flexible so both of you can reach the individual objectives you have for the getaway. See what I did there? These activities are examples of collaborative teamwork. The same skills and mindset you use traveling with your friend apply to the project you’re tackling with your coworkers.

Do you plan to travel with friends this summer? Where are you going? Please share in the comments.