02 the alliance - slideshow

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THE ALLIANCE HOW TO RECRUIT, MANAGE & RETAIN TALENT IN THE MODERN AGE

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the alliance - slideshow

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Page 1: 02 the alliance - slideshow

THE

ALLIANCE

H O W T O R E C R U I T, M A N A G E & R E TA I N TA L E N T

I N T H E M O D E R N A G E

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Imagine it’s your first day of work

at a new company.

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Your manager greets you with warm enthusiasm…

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…welcomes you to “the family”...

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…and expresses his hope that you’ll be with the company

for many years to come.

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You, meanwhile, express diehard loyalty to your new employer.

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But then the manager hands you off

to the HR department…

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…where you learn that you are

on a 90-day probation period.

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And after 90 days, you will be an “at will” employee

who can be fired at any time.

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For any reason.

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Or for no reason at all.

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You just experienced the fundamental

!

of modern employment.D I S C O N N E C T

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Companies expect employee loyalty WITHOUT committing job security or professional development.

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Employees say they’re loyal, but LEAVE the moment a better opportunity comes.

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The employer-employee relationship is based on a

!

conversat ion.D I S H O N E S T

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As a result of this dishonesty, employers continually

LOSE VALUABLE PEOPLE.

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Employees fail to fully invest in their current job because

they’re scanning the marketplace for NEW OPPORTUNITIES.

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Managers, meanwhile, are CAUGHT IN THE MIDDLE.

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NO ONE invests in the long-term relationship.

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This is why trust in the business world is NEAR AN ALL-TIME LOW.

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This is why, according to Gallup, 70% OF WORKERS IN AMERICA

are not engaged in their work.

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A business without trust and loyalty is a business without long-term thinking.

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And a business that isn’t investing in tomorrow is a company already in the process of

DYING .

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It’s time to REBUILD the employer-employee relationship.

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Employers, managers, and employees need a new

!

!

where they make promises to each other they can keep.

RELATIONSHIP F R A M E W O R K

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My name is Reid Hoffman, and I cofounded

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I’m going to show you what it takes to

RECRUIT, MANAGE, AND RETAIN

amazing people at your company.

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The rules for doing so have changed. Because the WORLD has changed.

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Today, companies can’t afford to offer LIFETIME EMPLOYMENT.

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Your company is not a family.

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Yet, at the same time, companies can’t innovate if everyone acts like a free agent.

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Stop thinking of employees as family or free agents…

THE SOLUTION?

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Start thinking of employees as ALLIES on a TOUR OF DUTY.

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Start thinking of employees as ALLIES on a TOUR OF DUTY.

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Employment should be an ALLIANCE: • a mutually beneficial deal • with explicit terms • between independent players

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Employer and employee develop a relationship based on how they can

ADD VALUE TO EACH OTHER.

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Employees invest in the COMPANY’S SUCCESS.

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The company invests in the EMPLOYEES’

MARKET VALUE.

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The result?

A MUTUALLY BENEFICIAL ALLIANCE instead of a transactional relationship.

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Employer and employee can “risk” committing to each other over the long term to pursue bigger payoffs.

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So, how do you organize an alliance??

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Start thinking of employees as ALLIES on a TOUR OF DUTY.

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The phrase “TOUR OF DUTY” comes from the military, where it refers

to a single deployment.

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Obviously, it’s unwise to run a business exactly like a military unit,

especially in today’s world.

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But military and business tours of duty have one important thing in common…

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A focus on honorably accomplishing A SPECIFIC, FINITE MISSION.

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In business, a TOUR OF DUTY is an ethical commitment

between employer and employee.

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It’s written down and agreed to by employee and manager.

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A tour of duty has a SPECIFIC MISSION with a REALISTIC TIME HORIZON.

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For example, “Ship this product in 18 months.”

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Be sure the tour of duty promises SPECIFIC CAREER BENEFITS for the employee.

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For example, “Over the next 18 months, you will develop excellent negotiation skills.”

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AVOID VAGUE PROMISES to employees like “You’ll get valuable experience.”

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Tours of duty reveal the CENTRAL PARADOX of employment in the networked age…

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Acknowledging that your employees might leave

is how you build the relationship that convinces great people to STAY.

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The tour of duty framework helped me recruit and retain

ALL-STAR TALENT at LinkedIn.

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I believe every employee at a company should be on a tour of duty.

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3So there are three types of tours.

Of course, employees and job roles vary.

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ROTATIONAL

TRANSFORMATIONAL

FOUNDATIONAL

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A ROTATIONAL tour is usually aimed at entry-level employees. For example, 2- to 4-year analyst programs.

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These explicit “on-ramps” transition employees from school to work or from one functional area to another.

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A FOUNDATIONAL tour: people whose lives are fundamentally intertwined with their companies.

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The company deeply informs the employee’s INDIVIDUAL IDENTITY.

And the employee has become part of the company’s INTELLECTUAL

AND EMOTIONAL CORE.

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A TRANSFORMATIONAL tour is personalized and negotiated one-on-one by you and your employee.

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The employee TRANSFORMS his career by enhancing his portfolio of

skills and experiences.

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And the company is TRANSFORMED by the employee accomplishing

a specific mission that improves the business.

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The tour of duty approach relieves the pressure on you and your employees alike because it builds trust incrementally.

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Everyone commits in smaller steps and the relationship deepens as each side proves itself.

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And the finite term of the tour of duty means there’s a SET TIME FRAME for discussing the employee’s career.

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Both sides open about their goals. Both sides open about time horizons.

Honest career conversations.

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HONEST CAREER CONVERSATIONS

are necessary for rebuilding trust and loyalty with employees.

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Now, you may worry that the tour of duty framework might give employees “PERMISSION” TO LEAVE.

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But permission is NOT YOURS

to give or withhold.

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Employees DON’T NEED YOUR PERMISSION to switch companies.

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And if you try to assert that they do, they will simply make the move BEHIND YOUR BACK.

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Want your employees to stick around and DO THEIR BEST WORK?

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Provide a structure for an employee to take on a series of personally MEANINGFUL MISSIONS.

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Tours of duty encourage your employees to build A LONG-TERM CAREER at your company.

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• Should an employee talk to me about other job offers he’s receiving?

• What’s the only way you can retain an entrepreneurial employee?

• How do I align an employee’s values and career aspirations with the company’s?

• Should all employees be welcome to the firm alumni network?

THERE ARE MANY MORE STRATEGIES…

…THAT ARE COVERED IN THE BOOK.

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Get the book today ▸

An argument that we need a new way of doing business. And a blueprint for how to do it.