GfK Verein Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern Global Perspectives Barometer 2015 - Voices of the Leaders of Tomorrow Dr. Fabian Buder [email protected] AGENDA Background Ziele und Ansprüche der Leaders of Tomorrow: Social Impact und sinnvolle, erfüllende Tätigkeit statt klassischer Statussymbole Karriere jenseits klassischer Hierarchien: Expertentum und Entrepreneurship statt Executive-Karriere Führungsstile und Teambuilding: Leidenschaft vor Erfahrung und Offenheit für Ideen statt „Wissen wie man‘s macht“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 2 Background © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 3 About the Global Perspectives Barometer 2015 - Voices of the Leaders of Tomorrow St. Gallen Symposium • Global gathering of 600 Leaders of Today and 200 Leaders of Tomorrow • Takes place every year in May at the University of St. Gallen, Switzerland – since 45 years • Provides a setting for relevant discourse between Leaders of Today and Leaders of Tomorrow on topics of management, politics and civil society. http://www.stgallen-symposium.org/ Global Perspectives Barometer 2015: Voices of the Leaders of Tomorrow • The study was targeted at “Leaders of Tomorrow”: young people, studying at (or having recently graduated from) good universities, who show an interest in global affairs, are eager to take on responsibility in the future and want to make a difference in the world. • Study provides key insights into the minds of some of the world’s future leaders. © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 4 Ziele und Ansprüche der Leaders of Tomorrow: Social Impact und sinnvolle, erfüllende Tätigkeit statt klassischer Statussymbole © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 5 Leaders of Tomorrow measure career success by meaningful work content rather than by formal career status criteria HR should think about offering increased power to affect meaningful change inside and outside of the company. Making-a-difference-in-the-world plans Getting-to-do-interesting-project plans Being-recognized-for-my-contribution plans Many HR Tools today are designed with a lazy employee in mind who is mostly interested in money, power and hierarchical promotion Bonus and promotion plans n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 6 Karriere jenseits klassischer Hierarchien: Expertentum und Entrepreneurship statt Executive-Karriere © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 7 Many Leaders of Tomorrow wish to have an impact by being an expert rather than by having hierarchical power Leaders of Tomorrow do not aspire to traditional top level executive careers … … but want to become well-known experts or successful project manager instead. Companies should reflect a greater diversity of career plans if they wish to attract and retain this talent. n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 8 Truly power-motivated aspirants for a career as executive are scarce CEOs, executives and HR should be cautious not to perpetuate a “leadership monoculture”: Relying on the traditional top executive blueprint with their incentive, retention, career and management toolset might not only limit the leadership talent pool available to companies - instead, the limitation can be amplified, if future employees prefer a different leadership style from their manager. n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 9 Majority of Leaders of Tomorrow can image to become an entrepreneur during the next five years – entrepreneurship as the new “gold standard” for careers? Will companies be able to ? retain key talent long enough to successfully capitalize on the inevitable initial investment in their hiring, onboarding an training? Companies should think ! about attractive offers to 60% of Leaders 65% of those of Tomorrow plan entrepreneurial activities potential entrepreneurs want to start as employees first convince talent to stay (e. g. providing intrapreneurial experiences) n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 10 Führungsstile und Teambuilding: Leidenschaft vor Erfahrung und Offenheit für Ideen statt „Wissen wie man‘s macht“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 11 For a challenging project the Leaders of Tomorrow would create a small, passionate team with an inspiring leader Small team ------------------------------------ 3 to 10 team members (Median: 5) A Leader ! ------------------------------------ who can take decisions Passion ------------------------------------ as the main criterion Inspiration ------------------------------------ and vision are desired from a leader Top characteristics and behaviors of “outstanding leaders” n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 12 The dark side of Leadership: the worst leaders are small-minded, arrogant egoists, being not open to new ideas and overestimating seniority n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 13 The dark side of Leadership: the worst leaders are small-minded, arrogant egoists, being not open to new ideas and overestimating seniority n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 14 Dear Leaders of Today, please… Listen to us with an open mind and take us seriously, even if our ideas seem “radical”. You can either accept that we have things to teach you or get out of the way and let us lead. Learn to differentiate between “skills” and “experience”. Merely doing something for a long time does not mean it was done right. Assign the best person for the job, not the most senior one. Learn how to user new technology properly – you are now guests in our world, not we in yours. If you treat us with respect, we‘re quite happy to show you how this new digital world works © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 15 Let’s discuss! © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 16 Contact Dr. Fabian Buder Project Manager University Cooperation Tel.: +49 911 395 2514 [email protected] © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 17 Backup © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 18 About the GfK Verein GfK Verein The GfK Verein was established in 1934 as a non-profit organization for the promotion of market research. Its membership consists of approximately 600 companies and individuals. The purpose of the Verein is to develop innovative research methods in close cooperation with academic institutions, to promote the training and further education of market researchers, to observe the structures and developments in society, the economy and politics that play a key role in private consumption, and to research their effects on consumers. The GfK Verein is also a shareholder in GfK SE, a leading market research company headquartered in Nuremberg, Germany. http://gfk-verein.org © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 19 Sampling challenge: Finding Leaders of Tomorrow (without a time machine) - We captured talented future leadership candidates through 3 different channels 1095 30 min respondents from all over the world average interview time (online survey) More than NO 21.000 open answers Three recruitment channels monetary incentive © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 20 Checklist of major expectations that future leaders shared in their open responses Dear Leaders of Today, please… Listen to us with an open mind and take us seriously, even if our ideas seem “radical”. You can either accept that we have things to teach you or get out of the way and let us lead. Create a culture that rewards innovation, creativity, risk-taking and result – not long hours or effort invested using the old methods. Learn to differentiate between “skills” and “experience”. Merely doing something for a long time does not mean it was done right. Assign the best person for the job, not the most senior one. Fulfill your responsibility to the society that sustains your business – both as your company‘s leader and as a private citizen. Be authentic. Stop trying to trick us with a faked image of yourself or your company. It‘s not working. It‘s an insult to our intelligence. And you will get caught. Reinvent your outdated decision making process. Business decisions should be rational, based on research and analysis of the best available evidence and using sound methods. Accept that your status-driven idea of leadership may not work for us. Leadership is granted and delegated upwards by a team to an inspiring individual, rather than downwards by hierarchy. Fix your organizations’ workflows, hierarchy and bureaucracy if you want us to join you. Realize that your most important assets go home every night and might not come back. Learn how to user new technology properly – you are now guests in our world, not we in yours. If you treat us with respect, we‘re quite happy to show you how this new digital world works. You have to reinvent your outdated business models and become more innovative if you hope to survive in a digital future characterized by disruptive market changes. © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 21 Wie die Leaders of Tomorrow zu Mythen über Digital Natives stehen © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 22 Management / Business graduates can be easier persuaded by money than STEM graduates. The opportunity to pursue challenging projects 24 19 Salary level 27 23 27 Work-life balance 19 Social impact 24 20 19 Career prospects 28 21 20 20 Interesting and varied work 23 17 Values you share 15 International focus 25 STEM Management/Business Other 23 23 23 Training and learning opportunities 26 18 19 16 20 14 Vibrant and entrepreneurial company culture 13 7 10 11 Autonomy and personal responsibility 13 10 Location (live in a desirable area) 12 9 10 10 Opportunity to travel on business 8 Executive functions and leadership 4 Flexible working hours 30 26 12 12 6 7 12 n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 23 Leaders of Tomorrow set high expectations along a broad range of characteristics, many of which apparently contradict each other Inspiration ------------------------------------ and vision are desired from a leader + Top characteristics and behaviors of “outstanding leaders” Twofold challenge for current leaders: • understanding which of the leadership behaviors are actually crucial to working productively with the Leaders of Tomorrow • managing expectations with the Leaders of Tomorrow that their “ideal” leader probably does not exist n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 24 Leaders of Tomorrow would prefer a significant level of control over their team’s action Preferred degree of initiative of employees Data in % If they were in a management position leading a team of qualified employees … … 58% of the Leaders of Tomorrow would prefer to approve actions before their team members take them. “Management by Objectives” is less popular Delegation of the ability to take indepentent action is chosen by 38% of the Leaders of Tomorrow Are Leaders of Tomorrow prepared to extend the level of trust and delegation of power to their team that they themselves seem to desire from their leaders? n=1,095; ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 25 Dear Leaders of Today, please… Fix your organizations’ workflows, hierarchy and bureaucracy Fix your organizations’ workflows, hierarchy and bureaucracy. If you want us to join your company, realize that your most important assets go home every night and might not come back. “The world is changing faster, so that the leadership style must change to adjust “The Y-Gen is expecting dynamic tasks, to technology. Hence the bureaucracy which many companies fail to provide. If must be reduced.” they want to catch the current trend without Student of Political Science losing talents, they should involve more YGen into processes of designing workflows and tasks within a company. If it is too “Allow failures as a source for radical, they should start listening to them learning.” and their ideas on a regular basis, and then Student of Psychology they can take appropriate actions.” Student of International Management “Encourage Entrepreneurial Spin-offs in your firm. Encourage and devise ways to groom leaders in your firm who have an holistic understanding of the process , who can take the next big step leveraging on the size of the firm.” Student of Engineering “Believe in creativity and imagination. Being flexible at work doesn't mean that you are not a hard worker.” Student of Business Management Source: Open answers from ”Leaders of Tomorrow – Wave 2015“ © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 26 Stagnation / Lack of innovation, Hierarchy, Rigidity and Bureaucracy were identified as the main problems making organizations “slow and stupid” 1 Stagnation / Lack of innovation Holding on to pre-digital best sellers, no incentives for reinvention in good times 2 Hierarchy Hierarchical culture/preference for seniority, concentration of power, unclear decision making process, lack of communications Q Which concepts, ideas, behaviors and artefacts in organizations are relicts of the pre-digital age and are making them “slow and stupid”? 3 Rigidity “Rewarding inputs – rather than results”, inflexible work schedules, too routinized work, 40h and nine to five 4 Bureaucracy Bureaucratic rules/processes – “Following the letter instead of getting things done” © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 27 MBA students from the WHU – Otto Beisheim School of Management mentioned many good ways to “kill” innovation in an organization How to avoid innovation in your team: “Say no to new ideas“ “Pressure“ “Deny to change” “Give too much direction from 'old rule‘” “Set fixed methods to do every task” If you can’t avoid good ideas of your employees: Collect “a lot of ideas, but failing in implementing” © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern How to build the perfect noninnovative organization: “Induce hierarchy, reward obedience and punish failure" Establish “strong hierarchies, bad working environment” “Build a large decision chain” Do not “empower the people to take decisions” “Bureaucracy” Give too “little freedom” 28 Proposed initiatives to make organizations “faster and smarter” challenge traditional concepts of organizational structures – e. g. “Job Rotation” or “Top Down Reporting” 1 Stagnation / Lack of innovation Job Rotation; Open Source Competition; Innovation incentives T Please propose three “faster and smarter” initiatives to overcome the identified limitations of organizations! 2 Hierarchy Flat structure; Fixed Payment Ratio, Top Down Reporting 3 Rigidity Remote Working Programs; Decentralization of Tasks 4 Bureaucracy Clearly Assigned Responsibilities within a Decentralized System; Dynamic HR Development; Smart Audit © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 29 Führungskräfte der Generation Baby Boomer/ Generation X Bezogen auf die heute 40-60jährigen Manager: Welche häufigen Fehler machen Manager dieser Generation, die ihre Glaubwürdigkeit als Führungskräfte aus Sicht der Digital Natives beschädigen? © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 30 Führungskräfte der Generation Digital Natives Bezogen auf die heute 25-35jährigen Manager: Welche häufigen Fehler machen Manager dieser Generation, die ihre Glaubwürdigkeit als Führungskräfte aus Sicht der älteren Generationen beschädigen? © GfK Verein 2016 /// Wie die Top-Talente der Digital Natives heutige Unternehmen herausfordern 31
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