I had the opportunity to congratulate a colleague last week on being recruited to become the president of the North American subsidiary of a major international conglomerate. In doing so, it occurred to us that a paradigm shift is taking place under the talent of large legacy companies and the cost-cutting effort is not allowing them to see it.
While “managers” have dutifully been reducing the work force to achieve cost and profit objectives, actual leaders are also thinking about post recovery business environment. The memory of this workforce is more robust than many give credit. True leaders have been approaching the down cycle by engaging their teams in the tough decisions, and this has created different employment decisions than in the past. It is not as simple as one generation letting the younger generation go.
The most talented stars in the workforce today know their value and are not threatened by the idea of moving to other opportunities. The toughest task is for the leader in a legacy company to step up and act as though they understand that the economy will recover and the karma demonstrated today will be paid back.
Have you seen a leader that understands this new workforce paradigm? Do you believe the karma will be paid back?