Posts Tagged ‘baby boomer’

Oh, Oh – What To Do When You Don’t Get That Promotion

Thursday, February 18th, 2010
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What Should You Do If You Fall Off The Career Ladder?

What Should You Do If You Fall Off The Career Ladder?

Things are tough all over. If you were counting on getting a promotion this year, you might want to scale your hopes back just a bit. A lot of IT Leaders are discovering that their career plans are having to be put on hold. Maybe we should spend some time talking about what you should do now…

The Root Of The Problem

Have you noticed just how far down the U.S. stock market has dropped over the last couple of years? Since most of the baby boomer generation that is currently working in IT has their retirement funds tied up in stocks, they’ve seen their dreams of a well funded retirement take a hit. What this means is that they won’t be retiring any time soon.

What this means for all other IT Leaders is that the normal process of IT staff retiring each year and opening up senior management positions that are then filled by junior IT staff won’t be happening this year. Dang!

The folks over at Watson Wyatt Worldwide Inc. have done a survey of more than 2,200 U.S. employees and they’ve found that 44% of workers who are over 50 plan on postponing their retirement. Just to make things even worse, about half of these folks are now planning on working at least three years longer than they had originally planned on.

The Promotion Problem

So let’s talk frankly here: no matter what level your IT career is currently at, you are going to be blocked. Just to make things even worse, the experts are telling us that we shouldn’t expect promotions to come back any time soon.

So what should you do? Quit? In this economy? I don’t think so. Instead we should take a look and see if we can come up with a different solution.

As always, if you are expecting a promotion and you don’t get it, you need to take a look at the underlying reasons for you not getting the promotion. If you determine that your promotion was postponed because of either the company’s economic situation is poor or because there is a human logjam before you, then you still have hope.

Now you’ve got to plot your next step.

Solutions

The easiest way to solve this problem is if you are willing to accept an alternative to a promotion – like money. This is sometimes called a “retention reward” and it’s a bonus that is paid to employees when they deserve a promotion but one is not currently possible.

Once you realize that your deserved promotion may be delayed, you need to start to take steps to boost your value to the company. What you really want to do is to make it very easy for the company to slide you into the promotion once it becomes available. This means having a talk with your boss in order to find out if there are ways to get some of the experience that goes along with the promotion position even if you can’t get the title right now.

As with all requests like this, you do need to be careful. You don’t want the company to get too comfortable with you doing the work of the higher level position while being paid at your current lower rate.

What All Of This Means For You

The world is working against you – just when you are expecting a promotion, everything gets flipped upside down and you find your way up the career ladder blocked. These things happen and you need to find ways to deal with it.

Quitting is always an option; however, unless you have another job already lined up it’s probably not the way to go right now. Instead, ask if you can get a bonus to replace the promotion that you won’t be getting right now. At the same time see if there is any way that you can gain more experience doing the type of work that you will be doing when the promotions free up once again.

Promotions will eventually return. As a top-notch IT Leader you need to use this delay to build the skills that will ensure that you will be one of the first to get promoted once things start moving again. Take these actions now and you’ll be ready for the big day whenever it finally comes…

If your next promotion gets delayed, what steps would you take?

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What We’ll Be Talking About Next Time

As an IT leader you’ve got a lot to do. As though it wasn’t enough to stay on top of your staff keeping them happy, engaged, and productive, you are also constantly working to stay on top of all of that changing technology. It turns out that you have an additional task that you might not be taking the time to do: figuring out where your company is trying to get to.

Managing Trophy Kids: Can’t We All Just Get Along?

Thursday, March 19th, 2009

Trophy Kids Require Special Attention From IT Leaders

Trophy Kids Require Special Attention From IT Leaders

A lot has been written recently about the next generation of workers that is in the process of entering IT departments right now (I’ve done my part!) However, what’s been missing is a fundamental understanding of what an IT Leader is supposed to do once they are there.

Ron Alsop who writes for the Wall Street Journal has taken some time to study what this arrival means for all of us and he’s written a book with his answers in it called The Trophy Kids Grow Up: How the Millennial Generation is Shaking Up the Workplace. He’s got some suggestions on just how to go about managing this new type of IT worker.

One of the key differences between the millennials and the current workforce will be seen in company loyalty – it basically won’t exist. The millennials have high expectations about what a company should provide them with (rapid promotions, flexible work schedules, etc.), but firms should expect very little loyalty in return.

The current economic climate not withstanding, millennials will leave an unfufilling job in an instant. Most firms are aware of this and retention is high on their list of issues when it comes to dealing with this generation of workers.

You might be thinking that the trophy kids will stick around for the same reasons that most of today’s workers don’t leave: it’s scary out there without a job. However, you’d be wrong. The millenials have their parents to fall back on. They haven’t burned their bridges behind them and they know that they could always move back home for a bit if things get tight.

The good news here is that the millenials have been raised to work hard. Competition is in their blood. If a job engages them, then they will be willing to work hard at it. Firms have to show these new workers that their job will end up making a difference and that the company values their work.

Do you have millennials in your IT workplace (are you one of them)? How is is it going so far – smooth running or choppy waters? Do you feel that their (your) expectations are in line with what the company can offer? When the economy improves, do you think that they’ll stick around or will they leave? Leave me a comment and let me know what you are thinking.

An IT Management Nightmare: Managing Trophy Kids

Thursday, March 12th, 2009
Managing The Millennial Generation Will Require New IT Manager Skills

Managing The Millennial Generation Will Require New IT Manager Skills

Remember that Jack Nicholson line from the movie that was made from the Steven King book “The Shining”:  “.. Here’s Johnny…“? I seem to recall that he delivers this line as he stands at a door with an axe in his hands trying to break into the bathroom. I suspect that many IT managers feel as though they are trapped in that bathroom and the millennial generation is on their way in.

Ron Alsop who writes for the Wall Street Journal has taken some time to study what this arrival means for all of us (hopefully no axes involved) and he’s written a book with his answers in it called The Trophy Kids Grow Up: How the Millennial Generation is Shaking Up the Workplace. He’s got some suggestions on just how to go about managing this new type of IT worker.

The first thing that needs to be realized is that the millennial generation is going to want much more attention and guidance from IT Leaders. This may come off as arrogant behavior, but it’s not. The millennials got so much affirmation and positive feedback when they were growing up that when they enter the workplace they come across as being needy.

Unfortunately this need for more guidance goes hand-in-hand with the fact that millennials generally don’t take suggestions for improvement very well. Blame this on their parents. IT managers are going to have to  still deliver the good with the bad, but they are going to have to be careful to focus more on the good stuff.

Millennials are an interesting mix when it comes to doing work. They are used to having precise guidelines (“rules”) that establish a structured situation with provides them with the order that they so desperately need.

However, at the same time millennials want a flexible work environment that allows them to balance their work and personal lives. A good way of thinking of this is that they don’t view work as a place you go, rather work is something that you do.

All of this is enough to make an IT manger long for the old days when he / she was an individual contributor. However, their is an upside to all of this. The millennials have a solid grasp of cutting edge technology – it is a part of their life outside of work. They tend to work very well in teams and they get along well with baby boomers because they remind them so much of their own parents.

You’ve got hard workers here who will get the job done as long as an IT Leader points them in the right direction. That’s why YOU are the IT Leader.

Do you have millennials in your IT workplace (are you one of them)? How is is it going so far – smooth running or choppy waters? Do you feel that their (your) expectations are in line with what the company can offer? When the economy improves, do you think that they’ll stick around or will they leave? Leave me a comment and let me know what you are thinking.

Do You Want To Work With An IT Trophy Kid?

Thursday, March 5th, 2009
Are You Ready To Have The Millennial Generation In Your IT Department?

Are You Ready To Have The Millennial Generation In Your IT Department?

Even though the world currently looks like it is upside down, there is a much larger change going on that will have a much longer impact than this temporary financial crisis: the arrival of the millennial generation into the IT workplace. Are you ready?

Just to make sure that we’re all talking about the same thing here, the millennial generation were born between 1980 and 2001. With the baby boomer generation getting ready to walk off into the sunset, the millennials are the new kids in town and they are getting ready to shake things up.

Ron Alsop who writes for the Wall Street Journal has taken some time to study what this arrival means for all of us and he’s written a book with his answers in it called The Trophy Kids Grow Up: How the Millennial Generation is Shaking Up the Workplace. He’s discovered some eye-opening things that all IT Leaders need to be aware of.

If we had to describe the millennial generation’s view of work, the word that everyone seems to use is “entitled” – they want it all and they want it now. What are they asking for? How about: higher pay, flexible hours, promotions within a year, and more vacation/personal time. Why do they think that they’ll get it? Studies show that nearly half of the millennials have a “…moderate to high superiority beliefs about themselves.

What’s up with these guys / gals? Where did all of this come from? Blame it on the parents (and teachers and coaches). This is the generation that was constantly told that they were the best, the ones that got trophies even when they didn’t win, and were rarly criticized in order to not damage their self-esteem. Now they are in your IT department…!

But hold on. Remember that the millennials have a solid grasp of cutting edge technology – it is a part of their life outside of work. They tend to work very well in teams and they get along well with baby boomers because they remind them so much of their own parents.

These are hard workers who will get the job done as long as an IT Leader points them in the right direction. How best to do that will be covered in another post…

Do you have millennials in your IT workplace (are you one of them)? How is is it going so far – smooth running or choppy waters? Do you feel that their (your) expectations are in line with what the company can offer? When the economy improves, do you think that they’ll stick around or will they leave? Leave me a comment and let me know what you are thinking.