Thanks, But No Thanks
What are your company's leaders worried about? If you don't know, think about what's missing. This holiday season it's probably a party that feels like a reward. If you don't know what's coming, don't get your hopes up. It most likely won't be as swank as last year’s (which wasn’t as swank as the year’s before). You’re also probably missing numerous co-workers who were either laid off, or suspecting they were on the chopping block, decided not to do like the Thanksgiving presidential pardon turkey, and wait for an unlikely last minute reprieve.
You can tell a lot about your leadership’s top concerns by noting what they’ve said “thanks, but no thanks to” this month. More serious than holiday parties are bonuses and raises. Has there been any mention of salary and hiring freezes yet? As learning professionals, what your leaders say “no thanks to” often becomes your problem. Unlike them, you can’t say “no thanks” to the problems that arise from their streamlining. If hiring and salary freezes are in the works, what are your plans for retaining your workforce? Don’t assume your competitors can’t offer them something better. They also may be suffering financially, and avoiding raises and additional new hires, but that doesn’t mean their ears won’t prick up if one of your high-level, or maybe even mid-level, star players say they want to join their team.
Beyond the compensation issues, what are you doing to make your workforce feel valued? Suppose last year your holiday party was held in an elegant event space with everything from shrimp to sorbet, plus dancing, and maybe even a band? And now you either won’t be having a holiday party, or you’ve just sent an “invitation” to your huddled masses regarding the “holiday bash” in the 5th floor break room—adjacent to the Coke machine? It’s funny, but also cause to worry if staff retention and morale is an issue. Your employees will laugh, but how appreciated do you think this “affair” will make them feel? You don’t need to do lavish, but investing in a celebration this holiday season that isn’t an embarrassment just might be worth the spend if it results in fewer of your prized talent looking elsewhere or becoming too dispirited to keep up their old levels of productivity.
In the realm of training, what is it safe to say “no thank you” to? You obviously are loath to let any of your prize learning gems go, but since that’s another thing your executive board has expressed concern about, you’ll have to slash something. I vote for the Palm Springs, CA, senior leadership retreat you always do in March. How much does that cost you? And, also, for you large corporations, how about axing one or two or three of the executives raking in the multi-million dollar salaries? Yes, yes, I know, I’m heartless for suggesting it, but you know I have a point. As a matter of full disclosure, I have to tell you I’ve never been rewarded with a multi-million dollar compensation plan, so there’s definite bias involved in my feelings. That said, if you ax even one of those “strategizers” you may be able to save at least several of the jobs at the middle or lower levels who belong to individuals feverishly toiling away for the last five years to realize the “big picture” thinking Mr. and Ms. Multi-Million Dollars. By the way, to those of you in HR, a question: What are those $10, $15, $20 million dollar people getting paid for anyway? Are their ideas that much of a commodity? Okay, but then why are we in the mess we’re in?
Pre-holiday rants aside, there really does appear to be quite a bit your leaders are saying “thanks, but no thanks to” this month (and last month, too). How far do you think holiday cheer will go in retaining and motivating your workforce? You may have to push your leadership to start saying “Yes, thank you very much” soon. Being a yes man or woman isn’t always such a bad thing.
What’s your strategy for coping with all your executive “no thank yous?” What they say “no” to out of fear of a faltering economy, you’ll have to say, “yes, thank you” to as a new workforce management problem.
