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Doing More
with Less
by
Tracy Thurkow, Ph.D.
Continuous Learning Group
In recent times, the working world is about “and” rather than “either/or.” It’s
a world in which a leader’s top three-to-five priorities really number
more like six-to-eight. It’s a world in which employees see their co-workers
lose jobs and then pick up their responsibilities because the work still needs
to be done. It’s a world in which the office follows us home on weekends
and on vacations by e-mail, cell phone, pager, and BlackBerry™.
Consider
these statistics:
- Since
2002, American industries have seen an increase
in revenue approaching 15%. However, new jobs
haven’t been created; in fact, 2.8 million
jobs have been lost since 2000.
- According
to the Economic Policy Institute, the average
middle-income married couple with children
is now working 660 hours more per year than
25 years ago—the equivalent of more than
16 extra weeks of full-time work.
- Americans
hand back to employers more than $21 billion
in unused vacation hours, according to a recent
survey by Expedia.com.
What
does all of this mean? It means that people are
doing more with less. And they are feeling it.
According to a recent CareerBuilder.com survey,
one-third of workers say they are dissatisfied
with their work-life balance. Sixty-eight percent
of workers report feeling burnout at work.
Today’s
leaders should be concerned about these issues
of work-life balance for many reasons. We are
being warned about the soaring medical costs
associated with job stress, and Joe Robinson
of Work to Live puts the number at $150 billion
a year. We are also facing significant threat
to retention. It’s no secret that corporate
America is headed toward a talent shortage, particularly
a leadership shortage. A survey of large companies
by RHR Associates found that half of the respondents
expected to lose more than half of their current
senior management team by 2010. Companies can
ill-afford to lose talented people as a result
of their inability or unwillingness to sustain
the loads they are currently carrying.
According
to the 2003 Towers Perrin Talent Report, employees
today are willing to sacrifice now in order to
help their companies through this economic down-cycle,
but they are also frustrated. While employees
are grateful for their jobs and, in large part,
care about the future of their companies, they
are dissatisfied with their overwhelming workloads,
the failure of senior leadership to provide a
clear path toward success, and the lack of developmental
opportunities. When economic conditions ease
and people have more employment choices, the
companies that best address these concerns are
most likely to retain and attract key talent.
Many
leaders today recognize that there is no time
more critical for strong leadership than now,
when it comes to retaining key people. Many of
these same leaders are hungry for advice about
what to do, particularly since they are also
dealing with overwhelming workloads and competing
demands. Survey after survey tells us that two
of the most important motivators for people at
work are being recognized for their contributions
and feeling a personal connection with their
boss and their colleagues.
Fortunately,
Organizational Behavior Management (OBM) can
provide leaders with tools they need to lead
through these times. Below are three points of
advice about how to apply a few OBM principles
to today’s leadership challenges. They
appear relatively simple, but in reality, they
demand discipline and focus.
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