Archive for July, 2008

UK businesses falling behind in race to manage top talent

Tuesday, July 29th, 2008

UK businesses are failling to dedicate sufficient resources to improving or leveraging talent according to leadership consultancy Dynamic Transitions. In light of the recent CIPD report ‘Generation Y – Unlocking the Talent of Young Managers’ it was indicated that global leaders placed talent management as their top priority, Dynamic Transitions MD Judith Germain is calling for UK businesses to be tougher on senior management who abdicate the responsibility to HR and stresses that ‘we must move to a world where senior managers are NOT rewarded or promoted if they are not actively developing their staff or leveraging their talent.”

Speaking in a recent interview Germain suggested that as the credit crunch takes hold, more and more talented young managers are being overlooked, mainly because of their tendencies and inquisitiveness are considered a threat by senior managers who have taken an instant dislike to the new age workers and their working habits.

The CIPD report reveals that young managers are more prepared to give up their personal lives for their work to some extent, with fifty per cent agreeing that they would make sacrifices in order to succeed in their careers. Also the career-focused elements such as developing new skills, challenge, and good career prospects were the dominant attractions for Generation Y when joining their current organisation.

“Generation Y workers tend to go by the ‘ask, learn and succeed’ approach whereas senior management (Baby Boomers and to some extent Generation X managers) are more akin to the ‘work long hours and learn approach’. But perhaps more importantly, we are finding that Generation Y workers are getting through their workload at a much faster pace than their predecessors when given the right support and focus, and this is also seen as a threat,” explains Germain, who specialises in managing Troublesome Talent ® in the workplace.

Germain believes that UK companies run the risk of slipping behind global companies if they continue to focus on things that can work counter towards improving the business through leveraging the talent. That there is a distinct mismatch between the priorities of HR in aligning leadership development with business priorities and performance management systems and what exactly is required by the business.

“There is lack of accountability for leadership development by senior management and UK businesses need to realise that it is not HR’s responsibility to develop individuals – it must be developed by senior management if it is to have any impact on developing and retaining talent” adds Germain.

Judith Germain founded Dynamic Transitions in 2005 and provides strategic mentoring for senior executives and business leaders and delivers innovative leadership programmes, leadership consultancy, training, coaching and mentoring to corporate clients. For more information visit www.developing-leadership.com

Generation Y causing trouble at the top for Talent Management

Monday, July 7th, 2008

Many organisations risk losing their most talented employees as the credit crunch takes hold, according to leadership company Dynamic Transitions. Speaking at HR Director’s Talent Management Breakfast at the Lord’s Cricket Ground last week, Dynamic Transitions MD Judith Germain warned that the emergence of Generation Y is “spelling further trouble for organisations who continue to adopt a one size fits all approach to talent management”.

Addressing attendees at the exclusive breakfast event on 26th June, Germain suggested that many of the most talent employees were likely to be selected for redundancy due to their perceived troublesome nature, when in fact, with the right management techniques, these individuals could become the top performers in the organisation.

Germain argued that Troublesome Talent® made up 20% of the top performers in an organisation, but accounted for 80% of the problems and urged attendees not to use redundancies to kick out the business’ best talent.

“The reality is that too many employees prefer to keep their head down and follow rules and procedures that don’t work simply because it is easier and acceptable to do so. Troublesome Talent® however, are prepared to stand up for what they believe in and will tell managers the flaws in the company’s policies and the issues they face. As a result, their employees are often singled out as trouble makers,” said Germain.

Germain revealed that whilst Troublesome Talent® had emerged in Generation X as people started to demand more flexible working and concentration on their individual desires, the emergence of Generation Y (Birth dates between 1980-1994) has meant that organisations need to re-examine their talent management techniques and adopt a more individualistic approach.

“Generation Y employees do not believe in the ‘9-5’ and are more focussed on themselves and their development. They are more likely to question authority and are more entrepreneurial and extrovert than their Generation X predecessors. Organisations need to realise that traditional command and control management techniques just will not work with them,” said Germain.

Germain founded Dynamic Transitions in 2005 and provides strategic mentoring for senior executives and business leaders and delivers innovative leadership programmes, leadership consultancy, training, coaching and mentoring to corporate clients. For more information visit www.developing-leadership.com