How much would 1 share of you be worth?
What if instead of paying your university or trade school tuition, you paid them shares of your future self in the form of “Income Sharing“? That’s what some schools have been toying around with:
“The Lambda School teaches information technology skills online, and it charges zero tuition and offers stipends to select students. The deal is that students pay back 17 percent of their income from the first two years of work, if earnings exceed $50,000 a year, with a maximum payment of $30,000. Students who don’t find jobs at that income level don’t pay anything. Students may also opt to pay $20,000 in tuition upfront and keep their future income.
There are reportedly about 1,300 students enrolled, and the company has raised almost $50 million. The early job placement record is impressive; 86 percent of graduates have jobs within 180 days of finishing the program, at a median starting salary of $60,000. It is too early to judge results — how would these students have fared without Lambda or in a less strong job market? — but this kind of effort is an economist’s dream come true.”
div data-position=”3″>Let’s say each of us was separated into 100 shares of theoretical stock. What would your stock be valued at certain times in your life? Would you be willing to sell a share or two or more at certain periods to help you pay for certain things at that time, or even use that money you got in return to purchase other shares of other people you believe will have higher value down the road?
Are Employees Really Upset Over Being Replaced By Robots?
I think we all want to believe that our employees are freaking out that one day their job, in the near future, will be replaced by a robot. It’s all you hear right now in our space! “A.I. will be taking over 97% of jobs by next week!”
The reality is our employees are not afraid of their job being taken by a robot. But they are afraid!
Turns out, our employees are more afraid of their job being taken by another employee, not a robot! A new study by the Technical University of Munich has shown that our employees are actually more afraid of other people taking their jobs, then by A.I.
The study shows: In principle, most people view it more favorably when workers are replaced by other people than by robots or intelligent software. This preference reverses, however, when it refers to people’s own jobs. When that is the case, the majority of workers find it less upsetting to see their own jobs go to robots than to other employees…
People tend to compare themselves less with machines than with other people. Consequently, being replaced by a robot or software poses less of a threat to their feeling of self-worth. This reduced self-threat could even be observed when participants assumed that they were being replaced by other employees who relied on technological abilities such as artificial intelligence in their work.
Turns out, it’s a huge punch to our gut to be replaced by another human since we compare ourselves to being equal, or better, to other humans, but we can comprehend that technology, like A.I., is actually better than ourselves at many tasks.
“The robot can definitely do parts of my job better than me, but g*d damn it, Mark can not!”
It makes sense, for the most part, we all have fairly fragile egos. It’s hard for us to comprehend that our employer would replace us with another person because that means we probably suck at our job, or at least, our employer thinks we suck. If I’m replaced by a machine I can rationalize that away. If I’m replaced by another person, that’s a hard one to explain to family and friends.
It’s definitely something to keep in mind as we transition many tasks over to the robots. I think from an organizational behavior standpoint we are very concerned about what our employees will think, but the reality is they’ll probably have less issue with it than if we were shopping their jobs offshore to people who will do it cheaper but are real!
How to Impact Company Culture from Any Role
Experiments with organizations
In the past 5-10 years, we’ve seen businesses increasingly experiment with different organizational structures, including “holacracy” and similar concepts like “self-management.” In most organizations, though, hierarchy persists. And while hierarchy has some negative elements to it, by and large, it makes sense. It helps the human brain organize who is responsible for whom, whom to contact for what, and how decisions get made.
As a result of the sheer number of organizations that use a standard hierarchical structure, though, company culture tends to come from the top. The mission statement is usually defined by the founders and revised (if this happens) by subsequent senior leaders. It’s very rare that an entry-level employee would be at the table when cultural contexts are being defined.
It can seem hard to impact your company’s culture from any role on the team, then. But in reality, it’s not as hard as you might think.
First, think of what culture actually is
It’s not words on a sheet on a wall somewhere. It’s not posters of cats hanging from clotheslines in the break room.
It is the living and breathing of that company every day. It’s how work gets done, the process. It’s how people greet each other in the morning, how people interact in that same break room, how conflicts are handled and joyous moments are celebrated. That’s what culture actually is. If you think of it in that way, then everyone automatically is contributing because they are a part of the bigger ecosystem, and their part contributes to the culture just as much as any other, regardless of compensation, decision-making authority, size of office, or anything else.
Think for a second about toxic employees. Even a low-level, toxic employee can greatly impact the culture because other employees want to disengage, work falls through the cracks, and people feel negative about meetings and even coming to work. That’s not a fun example, no, but it’s an example of how any employee, regardless of level and rank, can shift the culture one way or the other.
In the same vein, think of a movie like Rudy. For the entire film, Rudy is the mutt of glorious Notre Dame football. Whether or not he was offsides (ha), he remains one of only two people in Notre Dame history carried off the field by his teammates. Most offices have a Rudy: a spunky, high-energy, committed-to-the-brand young buck at a low level. That office Rudy inspires people to work harder and better. Even small cogs of good and bad can shift a culture.
What you need to do as an employee at your level
You cannot impact culture from lower levels without some form of respect from upper levels and peers unless your impact will be negative. The only path to a positive impact on culture from your level is to be seen as an employee that:
- Shows up on time
- Works hard
- Is always professional
- Delivers for clients and customers
- Defers when you need to defer
- Learns from others
If you are seen as that type of employee, it’s then possible to push the edges a little bit, and:
- Speak up more in meetings
- Push back on ideas
- Attempt to motivate/encourage others
- Ask for more responsibilities
- Have small pockets of leadership and management
If you try to do the second set of bullet points before establishing the first, the reaction might be negative. Many managers do not like people asking for more until that baseline of professionalism and hard work has been set firmly. Once you have a baseline, you can get more for yourself, and you can contribute even more to the culture of the organization.
Be an advocate
Finally, go to HR to offer your help with recruiting. Often, recruiting is drowning in new requisitions and trying to find time on the calendars of hiring managers, plus the logistics of active searches. We speak often of “employer brand,” and it is valuable, but the recruiting function doesn’t always have the time to strategically manage what that needs to be done. So, go to them and offer to attend local networking events and happy hours to be an advocate for what the internal culture is like. Offer to do peer interviews where applicable and be a “face” of the business. Now, you’re unquestionably impacting the culture because you’re out there in your business’ market, setting the tone of what it would be like to work there. You’re basically doing business development, even if some might think of it only as networking. That’s hugely powerful.
Always remember
Culture might be set in terms of documents by the highest ranks, but it’s lived and breathed by everyone, every day, in cubicles, offices, conference rooms, and on Zoom and Skype calls. You have your impact on it, too, and it can be a massive impact if you’re willing to set your professionalism baseline and put in the work.
It’s imperative that culture be sustainable and permeate throughout the entire workforce. Employee engagement and investment are key factors in creating a culture that does more than coming from the top down. To learn more about company culture, including how to promote an organizational culture that is positive and sustainable, check out King University’s guide What’s All the Buzz About? The Importance of Company Culture.
You can learn the latest in this and other business topics by earning an online MBA through King University. Throughout the program, you’ll study management, research, theoretical systems, quantitative analysis, ethical practices, and more, preparing you to become an effective and strategic business leader in a variety of settings. Designed with working students in mind, their flexible program can fit easily into your schedule, and no GMAT is required.
2019 HR Technology Conference Pitchfest Participants Announced!
You guys know I’m a huge believer in doing demos of HR and TA Technology companies to build your knowledge around the technology that runs our professional life. I often get the question, “Tim, what companies should I demo?” Well, I will be looking at all 30 of these companies!
Hundreds of companies applied for this year’s Pitchfest, with 30 selected to compete. In alphabetical order, here are the 2019 Pitchfest participants:
- Actifit Spor Saglik Ltd
- Ai4JOBS by ThisWay
- All Elements
- Compaas
- Curious Thing
- Draup
- Ferretly
- First Capitol
- Gpayroll
- HRConnect365
- Icon Savings Plan
- JobFlare
- KAKEAI, Inc.
- Klever Insight
- Leena AI, Inc.
- LoanBuddy
- MapRecruit Inc.
- Paddle HR
- PeopleSpheres
- PerfectCoaches
- PILOT
- Preferhired
- SENTIO
- Skillist
- SkliQ
- SkyHive
- SmartDreamers
- Synapse
- TrustRank
- WorkHere
“Last year’s inaugural competition drew outstanding participants and offered a lot of creative, exciting ideas about the future of our industry,” said conference co-chair Steve Boese. “Pitchfest provides a unique exposure opportunity for early-stage companies that are embracing innovation in the HR technology space, giving them a dedicated audience including many of the industry’s top leaders, analysts, and venture capitalists. This year promises to be another inspiring competition packed with great ideas, and we’re really looking forward to it.”
Participants are divided into three groups, each with five minutes to pitch and answer questions about their solution. Each round will consider input from the official judging panel, representing a broad range of backgrounds in HR technology, along with audience voting. The total score earned by each participant will determine which six companies advance to the final round.
One winner will receive a $25,000 prize provided in partnership with the Randstad Innovation Fund and secure exhibit space for the 2020 expo. A $5,000 “Gig Economy” prize from the Randstad Innovation Fund will be awarded to a second participant.
The HR Tech Conference also includes an exposition floor featuring more than 450 exhibitors with products that attendees can experience and demo first-hand, along with a stacked conference program that provides for almost a full week of sessions. Visit www.HRTechConference.com for registration and additional information. Also, you can use the following link and get $300 off – The Sackett Deal!
Today we Celebrate Recruiters! Happy Global TA Day! #Sept4 #RecruitersRock
Global TA Day was started in 2018 by the Association of Talent Acquisition Professionals (ATAP Global) and so today we celebrate the 2nd annual Global TA Day!
The idea is that we (recruiters of all types – corporate, agency, RPO, vendors) all need at least one day a year where our hard work and effort is recognized. Today is our day to celebrate the greatest profession in the world!
I’m proud to call myself a Recruiter.
Every day when I get out of bed I know there is a possibility that I’ll be changing someone’s life for the better. Today could be the day I help someone find their dream job. That I help someone make that next step in their career they need to reach their goals. That I help someone get a job that helps them buy their first house, or first new car, or help pay for their grandchild to go to college.
Sure, I left the recruiting desk a number of years ago, but once you recruit, you really never stop recruiting. There isn’t a day that goes by that I’m not somehow working to help others find that next step in their career. At the end of the day, the best professionals in the world of Recruiting do just that, we help people get connected with the jobs they want.
Today we celebrate all those recruiters who helped you find that job that you love or that job that got you a bit closer to the job you are trying to get. Today you need to go out and thank those recruiters in your life for all they do!
Happy Global TA Day!
Want to continue to celebrate and drive the talent acquisition industry forward? Come join me at ATAP! An ATAP membership is a great step to take to move our profession forward and continue to support all of us as professionals!
Michigan Recruiter’s Conference Registration is Now Open! November 6 & 7!
The only specifically designed Recruiter conference for corporate Talent Acquisition Pros and Leaders in Michigan! The Michigan Recruiters Conference is designed to be a bi-annual event that will bring in the brightest recruiting minds in the country to nurture and develop corporate recruiting as a whole in Michigan. The event organizer is Tim Sackett.
The 2019 Michigan Recruiters Conference will be held in two locations (Ann Arbor – onsite at Thomson Reuters, on Wednesday, November 6th and Grand Rapids – onsite at Kellogg’s on Thursday, November 7th. Registration will begin at 8:30 am, the conference starts at 9:00 am sharp!
ONLY ATTEND ONE DAY! Why? Because the content and agenda will be exactly the same both days – just one day on the east side of Michigan and one day on the west side of Michigan!
For the 2019 Fall Michigan Recruiters Conference, we are bringing in some of the best talent acquisition thought leaders in the world:
- Super Recruiter – Stacy Zapar – LinkedIn Talent Connects highest rated speaker, ever!
- All the way from England – Bill Boorman – the man, the myth, the legend!
- The Queen of Job Postings – Katrina Kibben – you’ll never write a job description the same way again!
- Recruitment video expert – Elena Valentine – one of the most recruitment marketing minds on the planet!
- The Founder of Fistful of Talent – Kris Dunn – author of the new book, 9 Faces of HR, and recruiting legend!
We also have sponsor presentations from the folks at Greenhouse, SmartRecruiters, HireVue and more! Not to sell us, but to teach us! We don’t feed the vendors!
Also, you are getting the greatest opportunity in Michigan to network with your talent acquisition peer group to connect and share!
This is for sure our best lineup yet! National conferences would beg to get this group of folks in one room, for one day! You don’t have to beg, we pulled every friend card we have to get them here for you!
Register at www.MichiganRecruits.com!
Seating is extremely limited, so please register ASAP if you plan on going – The Michigan Recruiter’s Conference has sold out for the past five years!
PODCAST: Episode 5 – This is HR!
In Episode 5 of THIS IS HR, Jessica Lee (VP of Brand Talent, Marriott) is joined by Tim Sackett (President of HRU) and Kris Dunn (CHRO at Kinetix) for a discussion of industry news that only true HR pros could love.
[buzzsprout episode=’1565860′ player=’true’]
The gang covers:
—Age Bias Claims recently settled at Google, with the search giant paying 11M to 200+ claimants, with the key claimant striking out/not being hired in 4 separate hiring process (4:54). The gang talks about how this represents a cheap reset on training and a move ahead strategy for Google. A conversation also is had about what is “googly” and what is not.
—The THIS IS HR crew clears the deck and provides a platform for JLee to go off on a rant about progressive HR concepts that look great in small environments but are next to impossible to launch in big companies (13:03).
—A renegade firm highlights a bug in the LinkedIn development stack that allowed them to post a job for a CEO position at Google (21:49). Spoiler alert – Google has a CEO and LinkedIn quickly shut down the bug and ruined the fun for the rest of us. Tim talks about where to find ROI with your job posting money and the team explores the giant mess of skeletons that are created when aggregators automate posting from other aggregators, which means you can’t get old stuff pulled down and other forms of resulting recruiting pain.
JLee, Tim and KD round out the show by talking about the most aggressive LinkedIn invite they have recently accepted (32:36) – you know the vibe, you accept an invite and someone is automatically trying to sell you something.
THIS IS HR hates bad LinkedIn invites, but we hate ourselves when we accept them in moments of weakness/charity.
TA Technology Buyers Guide: How to select the right vendor to solve your recruiting challenges
Hey gang!
ATAP (Association of Talent Acquisition Professionals) is putting on some great webcasts, designed for recruiting leaders and professionals and I’m leading one September 12th at 12:30 pm ET! Basically, I’m going to be telling you how you should buy recruiting technology and what to watch out for! I’m going to be telling you stuff that the vendors don’t want you to know about the buying process.
Check out the details:
Talent acquisition technology is moving faster than ever and very few TA pros and leaders have the ability or capacity to stay on top of all of these changes and innovations. The TA Tech landscape has over 10,000 different pieces of technology worldwide. The average TA leader can probably name 10-20 pieces of the technology and/or vendors. Currently, most TA technology is not actually chosen by Talent Acquisition, but by IT and Finance leaders. This is a major problem in our industry!
TA Tech expert Tim Sackett (Hey, that’s me!) will help simplify the complex world of TA technology and let us know how we can take back control of recruiting tech stacks. Tim personally demos over 100 TA technologies every year and is constantly sharing this information across our community.
Bottom Line, tech vendors don’t always have your best interest at heart and Tim will show us how to uncover the right tech and right vendors that will lead us to better candidates, faster.
Join us for this fast-paced webinar that will be both entertaining and informative, and you’ll probably never look at doing demos the same way again!
Register Here!
Company Culture Across Generations
There’s been a lot – A LOT – of discussion in the past few years about all the different generations in the workplace, how dissimilar they are and the challenges and opportunities they create for work. To quickly recap, at present, we have five generations in the workplace, typically:
- Silents: Born during and before World War II.
- Baby Boomers: Born immediately after World War II up until about 1965.
- Generation X: Born in the late 1960s (culture change, Vietnam, etc.) until about the early 1980s.
- Millennials: There is some argument here over when this cohort begins, and sometimes 1977-1983 birthdays are called “Xillennials” (mix of “X” and millennial), but generally this is early- to mid-1980s up until the late 1990s.
- Generation Z: 1998/1999 region until now-ish.
The exact years will vary a little bit based on which source you use, but these are the big buckets. The important thing to remember is that each of these cohorts is millions of people, so while there’s a tendency to generalize – and we will need to do some of that in this article – the fact is that some millennials are bad at technology, and some boomers embrace technology instantly (both examples going against perception of their cohort). So, above all: Treat individuals as individuals in order to get the best results work-wise.
All this said, we still wonder how the interplay of these five generations impacts company culture.
What might each generation want from the culture of an organization?
Think about it in these terms:
- Silents: The ones that are still working have been working for a long time, and they’ve seen an almost uncountable number of changes to how we work. You could argue their biggest cultural focus would be one of respect and, at some level, not wholly disrupting their final work years.
- Boomers: They are established in their careers and see the exit ramp. They do want a culture of respect for elders and one where learning can be passed down the chain to “young bucks.” We get very stereotypical around boomers and technology, but in general, if technology is going to improve the org and the business, boomers tend to be in favor of it.
- Gen X: This is currently the generation doing a lot of managing and “making trains run,” although it’s possible we’re not promoting them enough in line with all the work they do. They want a supportive culture where process is followed so that work can be optimized.
- Millennials: There are a lot of stereotypes and misconceptions about millennials in the workplace. For example, there’s a perception that they don’t work hard and yet consistently ask for promotions. In reality, because they’re less-established in their careers, they tend to be workaholics statistically. They want a culture of learning, and they do want to broadly disrupt how work is traditionally done. They want to see change when change is relevant.
- Z: Zers entering the workforce now were in elementary and middle school during the 2008 recession, and they saw how it impacted their parents. They have a different connection to work, understanding that work doesn’t always provide in the way it claims. They want to see different approaches culturally, which means more flexibility for the employees. You could also classify them as a “side hustle” generation, not fully believing in one W-2 job for years and years.
How would this knowledge help you shape work?
There are a few different ways:
- First, treat individuals as individuals. We mentioned this above, but just because someone is 28, that doesn’t necessarily mean they have a millennial mindset. Their mindset might be akin to a boomer. So, deal with people where they are.
- Learning is paramount. With the possible exception of Silents, every generation wants to learn, especially because work is changing so quickly. Unfortunately, organizations haven’t been great at prioritizing learning over the years. Consider different modalities, like video learning, auditory learning (podcasts about your culture, interviews with executives, etc.), session learning (standard with slide decks) and experiential learning (seeing how trucks are unloaded at a warehouse). Make learning a priority because the need for it cuts across all generations culturally.
- Mentors/training. Because you have two established generations, two younger generations, and one squarely in the middle, you should create opportunities for each to impart wisdom to another. Host Friday afternoon sessions about hobbies outside of work. Have millennials teach boomers about chatbots, and boomers teach Z about professionalism. Create a constant exchange of ideas between generations, and have the knowledge move in different directions.
- Constant assessment. Ask every generation what they think about the work, the projects, processes and the overall culture. You don’t need to ask every day (overkill) but try to ask once a month to get a pulse for how your employees are feeling. Break that information down by age cohort to see which cohorts are feeling least-connected to the culture of your business. What could be done to get them re-engaged? You might have an abandoned cart strategy for your e-commerce side, right? Well, now we need an abandoned employee strategy. If Gen X is disconnected, is it time to promote them more, for example?
Overgeneralizing about the existing generations can lead to navel-gazing, and navel-gazing can lead to non-impactful decision-making. But if you prioritize learning and treat everyone as an individual while constantly assessing how people feel about working for you, you’ll put yourself on the path to designing a culture that works for everyone, regardless of age.
Other aspects of company culture
What each generation wants from their company differs, but every employee wants to work in a culture that is supportive and consistent. To learn more about how to promote an organizational culture that is positive and sustainable, check out King University’s guide What’s All the Buzz About? The Importance of Company Culture.
With all the benefits of great culture, it’s easy to see why focusing on it is a must, but it’s also a challenging task. It’s imperative that culture be sustainable and permeate throughout the entire workforce. Much thought is still being put into how to do that, and all companies must customize their approach.
You can learn the latest in this and other business topics by earning an online MBA through King University. Throughout the program, you’ll study management, research, theoretical systems, quantitative analysis, ethical practices and more, preparing you to become an effective and strategic