If You Can't Hire Them

 

Photo by Lagos Techie on Unsplash

There is a lot of talk about not being able to hire right now (see this Capelli article for a rebuttal), but periodically, I help employers talk through the "buy versus develop" question about people. I have always been predisposed to grow my own versus buy new, so I suppose it is best to just get that bias on the table to start with. It's part of the reason I keep a car until it falls apart in the street. I know what I have and as long as it is performing satisfactorily, why take a chance on an expensive shiny new vehicle? Regular maintenance and an occasional part overhaul have tended to be less expensive and more satisfactory for me.

Regardless of your current hiring situation, there is a seismic shift in the skills needed in the economy going on. New career fields are opening up, with the numbers of skilled workers needed growing very quickly. If you have watched the news lately, cybersecurity should be an obvious example. You can hire the technical expertise for cybersecurity from an IT company with that expertise, but much of the risk involves people, not hardware and software. So even having the best company on retainer can't always keep you safe. This means pretty much every employee who has access to a computer or other smart device needs to have some level of expertise in cybersecurity. In addition to cybersecurity, changes in laws and regulations in many industries call for a constant update in compliance, tools, and techniques.

I was talking to someone this week who told me the employers she talks to just want someone who will show up dependably and work. I hear that some as well, but I also find employers also want experience and proven expertise so they don't have to spend much time training. I get it. As in most things, there is always a tradeoff between I need it now, I need it good, and I need it cheap. For some reason, employers tend to think they can get it all. Not so.

I would suggest companies need to do a thorough review to determine the types of skills that employees need now and may not have (gap analysis), but also look ahead to prepare for the future, in order to develop some skills before the need is upon you. You may not be able to hire that skill set--so begin developing your good people with updated skills.

Winning the War for Profit

Warning! This post contains shameless self-promotion, as well as a modicum of useful information.

In an earlier post, I talked about leadership training as often pursued by companies, versus leadership training that actually works.

I recently released a short eBook (paperback to follow in a few months), Winning the War for Profit: Developing Leaders Where It Really Matters, that contains a roadmap to leadership development at the first-line supervisor level, as that is the place where (in my opinion) it can do an organization the most good.

Here's a short excerpt from the book that highlights why I think this is such an important topic:

"Here are just a few other reasons to focus on your supervisors:

• The right managers contribute 48% more profit than average managers (Frontline Managers, 2014)
• Managers account for at least 70% of the variance in employee engagement scores across business units. (Beck, 2014)
• Businesses say that manager and supervisor involvement was "extremely important" or "very important" to the success of their change efforts (Manager/Supervisor's Role in Change Management, 2016)
• Total Return to Shareholders (TRS) over a 3-year period is 286% higher for those companies with a high level of employee trust versus those with a low level of trust, according to Watson Wyatt.
• Ninety-one percent of employees rated their relationship with their immediate supervisor as "very important" or "important" to their job satisfaction. (SHRM, 2016)

"If you are still stuck on the first bullet, you should be. That statement, by itself, should justify every penny of investment you make in your supervisors." 

Winning the War for Profit shows businesses how to select, train and support first-line supervisors. The information is transferable to leadership development at all levels of the organization, but there are some unique aspects to that first leadership rung, so I wanted to focus on that.

The next book, Leadership in the Trenches: Developing Your First-line Leadership Ability, will be focused on the specific skills required by first-line leaders and will be useful for organizations to use in their training programs or for first line supervisors to use independently. Look for that book around 1 October.

You can find Winning the War for Profit on Amazon.