Turkeys – Talent Shortage Looming

The Coming Fight for Executive Talent – BusinessWeek

I’ve shortened the title of my occasional posts on management issues to Turkeys. Any negative connotations are purely coincidental.  This series of posts started while underwriting at my brother’s house and his gaggle of wild turkeys walked by.  So say bye-bye to “Remote Underwriting With Turkeys”.  Now we’re just talkin’ turkey.

And management issues.

Remote Underwriting With Turkeys – The Fraying Employment Contract

What employment contract?  This is a scary article and a must-read for managers.

The Fraying Employment Contract – BusinessWeek

As a reminder I’ve titled posts on management “Remote Underwriting With Turkeys” to make these posts easier to find when using the search function.

If you want to look at older posts on management issues, use “turkeys” as the keyword in the search box.

Worried Sick (not a question)

Worried Sick

The link above takes you to the abstract quoted below.  Highlights in bold are my emphasis and not the author’s.

In today’s global economy, employees are much less likely to stay at one organization for the length of their careers. One significant side effect of this trend is that many employees feel less secure in their jobs. According to this study, being afraid of losing your job may be bad for your health. The authors analyzed questionnaires distributed to more than 1,700 people in the U.S. during two separate periods spanning two decades, which allowed them to control for poor health, job insecurity, and actual employment losses over time. As many as 18 percent of the employees surveyed said they felt insecure about their jobs. In one of the study groups, the authors found that chronic job insecurity was a more reliable predictor of poor health than smoking or hypertension. And job insecurity was more closely associated with failing health than actual unemployment, the researchers found, because of the ongoing stress caused by an uncertain future, an inability to take action, and a lack of institutionalized support. One implication for businesses is that employees who worry about losing their jobs have trouble concentrating, experience more stress, and take more sick days. The researchers argue that programs aimed at displaced or unemployed workers won’t reach people who have jobs but are insecure, and they suggest that organizations and government policies aim to lessen the degree of stress linked to job insecurity.

Bottom Line:
Even more than actual unemployment, persistent job insecurity is closely linked to declining health and increased stress in American workers.

Thought For The Day – 090909

We partner with others to barter tasks and resources as well as to synergistically enlarge our vision.  We let them do what they enjoy and are good at so that we can do what we enjoy and are good at.  The only trick is to find people who love to do things that we do not enjoy and partner with them to do it.

Dr. B. Curtis Hamm received his Ph.D. from the University of Texas and is Professor Emeritus of the Spears School of Business and Consultant to the Oklahoma State University Foundation.

Dr. B. Curtis Hamm

Creepy Statistic of the Day – July 13, 2009

I got the following from an email sent by Workforce Recruiting:

NORTH AMERICAN RETAINED SEARCH REVENUE GROWTH VS. YEAR EARLIER

(Percentage change)

Q1
’08
Q2
’08
Q3
’08
Q4
’08
Q1
’09
Korn/Ferry Intl. 9.6% 9.1% -2.2% -29.5% -42.8%
Heidrick & Struggles Intl. -7.3 -1.4 -0.2 -14.7 -40.0
Total 1.9 4.1 -1.3 -23.1 -41.7

Note: Korn/Ferry’s revenue has been adjusted to a regular year ended December 31 from the company’s fiscal year ended April 30. North American fee revenue for Korn/Ferry includes revenue from FutureStep.

Source: Company reports, Staffing Industry Analysts Inc.

Survival Strategies – A is For Attitude

Lou Gehrig’s famous speech was reproduced in yesterday’s local newspaper.  It was the first time I read the entire speech.  This speech was an awesome speech.  Gehrig’s attitude in the face of certain death remains impressive 70 years later.

Whatever your struggle, try to maintain a positive attitude.

“For the past two weeks, you’ve been reading about a bad break. Today, I consider myself the luckiest man on the face of the Earth.

I have been in ballparks for 17 years and have never received anything but kindness and encouragement from you fans.

When you look around, wouldn’t you consider it a privilege to associate yourself with such fine-looking men as are standing in uniform in the ballpark today? Sure, I’m lucky. Who wouldn’t consider it an honor to have (Yankee owner) Jacob Ruppert? Also, the builder of baseball’s greatest empire, Ed Barrow. To have spent six years with such a grand little fellow as (Yankee manager) Miller Huggins? To have spent the next nine years with that smart student of psychology, the best manager in baseball today, Joe McCarthy? Who wouldn’t feel honored to room with such a grand guy as Bill Dickey?

When the New York Giants, a team you would give your right arm to beat, and vice versa, sends you a gift, that’s something. When the groundskeepers and office staff and writers and old-timers and players and concessionaires all remember you with trophies, that’s something.

When you have a wonderful mother-in-law who takes sides with you in squabbles against her own daughter, that’s something. When you have a father and mother who work all their lives so that you can have an education and build your body, it’s a blessing. When you have a wife who has been a tower of strength and shown more courage than you dreamed existed, that’s the finest I know.

So I close in saying that I might have had a bad break, but I have an awful lot to live for. Thank you.”

Compiled by biographer and author Jonathan Eig.