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Day: July 6, 2017

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Best Practices Economics Growth Leadership Personal Development

Eve of Disruption – Future of Work

What is the first thing you think of when you hear the words “FUTURE OF WORK?”

I recently went to a well curated panel event hosted by The Freelancers Conference on the topic of “Future of work.”  The first thought in one of the panelists was fear.  Fear of what is going to happen and how do we go through the change and accept it.  There was fear that “robots” (technology) would replace entry level jobs. There was fear of the implications of remote working on infrastructure if people didn’t drive to work on a normal basis.  There was fear of what does career mean versus work.  There was fear on how the continued interaction between all the generations in the work force will affect the “stability” of what is work today.  With the entry of the millennial into the workforce and the proliferation of technology (social media, phones) there has been a shift in the path, individuals are taking for their career.  For those in the Gen-X generation and older, we were taught to go to college, maybe get a graduate degree, get a corporate job, go up the ladder and on the way get married, have children, buy a house and car.  This would bring about stability so we could retire and enjoy life when we were “older.”

The world has changed since we have grown up and the future of work is definitely in a different place.  Between 1975 and 2015, life expectancy at birth increased from 72.6 to 78.8 years for the total U.S. population. We are living longer for multiple reasons including better: health systems, infrastructure, food sources etc.  It also means that we have a longer span to support our lifestyles and many people are not retiring to just live out the rest of their lives and have fun. The boomer generation is not retiring  as we expected and the millennial generation is entering the workforce at the same time making a paradigm shift on how work should be done and what matters.   Millennials are driving the notion that work should be purpose driven. They want to have experiences in their life now. We have generations in the workforce who didn’t expect to be working past retirement or having multiple careers.  On the flip side you have generations coming into the workforce who know they will have longer lives and be working multiple jobs throughout their lives.  The definition of career versus work has changed dramatically and means different things to every person.

This trend is showing that more people are thinking about their individual path in the scheme of helping our world survive as we go through these massive changes.  As business people we are digitizing individualization through social media, technology such as AI and big data to see products and services.  These technologies also change how people conduct their own work.  Technology will make it easier to do many jobs in a more efficient manner.  Interestingly, many companies are cropping up to help corporations focus on their “employees” (stated loosely as it could include freelancers etc).  However, if you go into many large corporations they still struggle providing the same environment inside their business as their employees are living outside.  A large Fortune 10 company based in a small town wants to be the retailer of the future.  Yet Airbnb, Uber and other tech companies in the sharing economy are still “new” fangled companies in 2017.  If your employees are not experiencing or researching the end customer, you won’t be able to keep up with the times and you will also lose employees very quickly as opportunity to be engaged and grow is everywhere.

The trust level between employees and employers is starting to deteriorate and that will be one of the many downfalls of the current system. Individuals are beginning to realize they have more freedom in their lifestyles as freelancers and the numbers are growing rapidly, to 1/3 of the American workforce.  This changes the dynamic of businesses who are hiring individuals who want to work remotely, don’t really care for employee benefits or the physical spaces in offices.  This will change how office space is designed and how HR processes are managed.  Yet, these individuals want to be seen as people and the human element comes into play.  When we are taught that scale drives business and revenues, it will get harder to engage employees for the individual mindsets that they bring to the table.

There are lots of aspects of the future of work that are being worked on by many different groups right now.  There are businesses that help executives understand their new workforce which is multi-generational, diverse and has a new mindset on the future.  Other companies help businesses to design their future physical space and separately companies who help create the technology infrastructure to manage remote employees.  Focusing on individualization of employees is going to be critical as we move forward and new ways of doing business come about.  Laws, retirement age, work hours, work ethics, rules, HR processes, physical space, city infrastructure, products and services are just the tip of the iceberg on what will change as we move forward.

What does Future of Work mean to you as an individual and what changes do you see right now?

 

Welcome to the Eve of Disruption. A weekly series depicting what the future fabric of our society could look like. There is a changing paradigm in how we live, work and play. Are you and your organization moving with the times and adapting to the massive and rapid changes happening right now? The Eve of Disruption looks at ideas that could be 5 – 10 years in the future but most likely will happen in the blink of an eye. #jointhejourney

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Entrepreneurship Personal Development Women In Business

The 2 Things You Must Look For in a Mentor

I was at a crossroads. My social media agency was just a couple years old and I was struggling on what steps to take next. Should I double down on my investments and expand? Should I slow down and take time to learn. How should I handle the issues in my marriage and parenting that the business growth was causing. I decided to look for a mentor. But, I had no idea how to find one and what type of person to look for. In the end, I found two incredible mentors, both of which I’ve had meaningful relationships with for the past 6 years and I learned there are two things you must look for in a mentor.

First, find a mentor who works the way you want to work.

I found my first mentor, Tom Niesen, in my Vistage group. Vistage is an amazing group for CEO’s where you are surrounded by your peers to discuss your success, failure and needed learnings both personally and professionally. Over the months, I couldn’t help but be impressed. Tom is the CEO of Acuity Systems and often talked about how he groomed his employees and ways to bonus them in that truly meant something to them personally. Tom owns Acuity as well as a few other companies (including a coffee company in Hawaii, because he loves coffee). He takes 8 weeks of vacation a year and actually unplugs from work to enjoy them. Tom has been married forever and has an amazing and loving family. When I saw Tom speak, I thought he was captivating and engaging. I realized I wanted to work more like Tom. I don’t think I ever asked Tom to be my official mentor but over the years I’ve watched him and modeled some of my behaviors after him. When I have questions or want an opinion I respect, I ask to see him and he always guides me in the most honest way he can. Plus, the guy is just hilarious. One of my proudest moments is when my administrative specialist, Brisa Castillo, outgrew the opportunities at my company and left to pursue other options. She later went on to work for Tom, where she is flourishing.

Second, find someone who lives the way you want to live.

When I began to search for my next mentor, I decided I wanted to find a woman CEO/Owner who was married had children. I used LinkedIn and struck gold. When I found Lois Melbourne, the the CEO/Owner of Aquire, I was a bit awestruck. She was doing what I was doing, but on a much larger scale! I reached out to her through LinkedIn and Lois could not have been more kind. She agreed to meet me for lunch to see if we would be compatible for a mentorship. We got along famously and scheduled regular lunches where I was able to pick her brain for an incredibly valuable hour. Lois has mentored me for years and still does today. I’ve watched her navigate the sale of her company, successfully working with her husband, raising her son who is now a teenager, building the most beautiful house I’ve even seen, publishing her first children’s books and now starting a nonprofit. Lois is an incredibly busy woman who never turns me away when I need help or advice about divorce, work, parenting, being a woman executive, selling a company and searching for what fulfills me.

Categories
Growth Leadership Personal Development

4 Presentation Tips When Speaking to Boards

When senior leaders speak to the board of directors, they know it’s a high stakes presentation. A lot is on the line. They must be able to persuade not only with numbers and ideas, but with their presence and leadership. And if they don’t perform, their jobs may be on the line.

Watch Your Language

Recently, a client called me to prepare for her presentation to the board of directors. As a Senior Vice President reporting to the CEO, she spearheaded a merger between two Fortune 500 companies. Her presentation was an update on the success of the merger. The message was upbeat. Under her leadership, all company milestones were achieved, the merger was profitable and they were ready to go. So why would she want coaching to deliver such a positive presentation? Because she was the only woman and knew that speaking to a board is a high stakes situation. You need to bring your A game.

During the coaching session we discovered she had a tendency to use the word “just”. She’d make statements such as, “I just want to update you…” Wimpy words minimize conviction and undermine the authority of the presenter.  Just, only, think, feel, perhaps, are examples of weak language and not the language of leadership. Lesson Learned: A leader can have a powerful message and still lose the confidence of the board if her language is not definitive and congruent.

Speak at a High Level

A newly promoted CFO became a coaching client because when he talked to the board he would get stuck in the weeds. He was still speaking like a finance person presenting reams of details that were not relevant to a high level audience. He realized he was losing credibility when he saw their eyes roll. This CFO learned to share his vision, tell the story of the numbers at a 30,000 foot view, and embody the role of a senior executive. Lesson learned:  If you talk small, you’ll be perceived at a lower level and not as a leader.

Convey Executive Presence

A respected CHRO was identified as the choice to report to the CEO in a spin-off from a Fortune 500 company. He was an HR expert and well-liked and respected in the company. He delivered effective presentations at Town Hall meetings but now the bar was going to be raised. He would be required to present to the board and this audience was uncharted territory.  His issue was that he had a regional accent. He’d say “duh” for “the”, omitted /ing/ endings on words, and greeted people with “How ya doin’?”  Although likeable and endearing, his causal style lacked the formality to be taken seriously by the board members. To create more presence and power, he upgraded his attire and worked diligently on his speech and posture. He continued to communicate with more gravitas every day with his peers. He understood that he would be judged by his presence as well as his content. Lesson learned: Keep your guard up. Board members are not friends.

Get to the Point

Sometimes, the issue is not solely about details. It’s about coming to as stop.  A senior executive whose tenure with the company rivaled most of the executive team, yet he was undervalued by the board. He had encyclopedic knowledge of the company, the products, the customers and the industry. But during meetings and conversations he would rattle on. As long as eye contact was maintained he would keep talking. He didn’t know when to stop talking, listen, and engage. Because of this, the board doubted his abilities. They’d say, “He’s not the guy”. Their lack of confidence in him was unfounded based on his ideas, knowledge and competence. But his talents got lost in a sea of ongoing verbiage. This executive hadn’t learned to speak in soundbites. Lesson learned: Brevity is the key to executive communication.

 

Diane DiResta, CSP, is Founder and CEO of DiResta Communications, Inc., a New York City consultancy serving business leaders who deliver high stakes presentations— whether one-to-one, in front of a crowd or from an electronic platform.   DiResta is the author of Knockout Presentations: How to Deliver Your Message with Power, Punch, and Pizzazz, an Amazon.com category best-seller and widely-used text in college business communication courses. www.diresta.com

 Diane is a Certified Speaking Professional, a designation held by less than 12% of speakers nationwide. And her blog, Knockout Presentations, made the Top 50 Pubic Speaking blogs.

Categories
Entrepreneurship Personal Development Women In Business

Be The Boss of You

Be The Boss of You

Before you are truly ready for a position of leadership, you must first learn to be the boss of yourself. Now that may sound silly to some people, but how can you be the boss of anyone or anything, if you don’t even know how to be a good leader to yourself? Being a good, successful leader is something that starts with you. Passive people that have no discipline are usually never successful, and if they do get a taste of success, it won’t last very long.

You have to be bold enough to be persistent, even when others are trying to stop you, and you have to be strong enough to pick yourself back up when you fail. Arianna Huffington once said, “We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes… Understanding that failure is not the opposite of success, it’s part of success.” Does her name sound familiar to you? That’s because Arianna Huffington is the editor-in-chief of the AOL/Huffington Post. She is also the President of a company called the Huffington Post Media Group, which has 12 international editions.

Although this unstoppable DIVA is now one of the most successful businesswomen in the U.S., it wasn’t always like this. Arianna has had many failures and ups and downs on her road to success. She stayed committed and found the strength to learn from her failures. She used her failures as a tool to learn, grow, and achieve success. Do you think Arianna Huffington would be where she is now, if she had no discipline, and allowed her failures to hinder her? Absolutely not! Through personal development, she acquired the demeanor of an unstoppable boss, picked herself up, and carried on.

Pamela Nicholson is the CEO and President of the largest car rental company in the United States called, Enterprise. She is one of the most powerful business women in the U.S. Pamela was only a management trainee when she first began her career with Enterprise Rent-A-Car in 1981. Through hard work and dedication, Pamela climbed her way to the top. She stayed persistent, which enabled her to keep climbing the corporate ladder until she became the first CEO and President that is not related to the founding family of the company. She is also the first female CEO and President that Enterprise has ever had.

What do these women have in common? They both have fought their way to the top, and never doubted their ability to succeed. It takes a lot of personal development to climb the corporate ladder all the way to leadership. To become a high-ranking leader, you have to have discipline. You have to be able to take constructive criticism, accept occasional failure along the way, and grow from it. The truth is, you have to have the mindset of a leader first, before you can truly lead others. Personal growth should be continuous on your road to success.

You have to learn to be the boss of you, before you can be the boss of others. The best way to start acquiring the mindset of someone who is ready for leadership is to listen to the advice of others that have already achieved success in their careers. Up or Out with Connie is an inspirational podcast show that can help you on your path to success. Connie Pheiff is an unstoppable DIVA. She is a best-selling author, a successful motivational speaker, the chair of “The Pheiff Group”, and she is also the host of the popular podcast show Up or Out with Connie. This show is a breeding ground for personal development, and will help you understand that you are the boss of your own destiny.

 

Do you have questions or comments about the issues in today’s post? Want to know how to apply them, or how to help others with them? If so, contact me at connie@pheiffgroup.com or CLICK HERE to schedule a 20-minute discovery call to discuss with you personally.