The New Employment Economy - Gerry Hoeffner President, Personnel Dynamics Consulting and Vice President of Human Resources Southern Eagle Distributing
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The New
Employment
Economy
Gerry Hoeffner
President, Personnel Dynamics Consulting
and
Vice President of Human Resources
Southern Eagle Distributing
Fort Pierce, Florida
Gerry Hoeffner
President of Personnel Dynamics Consulting
Over 30 years of HR and employee development
experience
Recognized nationally by HR Magazine for his work on
2020 Program
“Best Places To Work” won the 2002 International Pinnacle
Award from the Society for Human Resource Management
{
Creator of “TheTurnoverCalculator.com”
Member of the National Speakers Association
Member of the International Speakers Network
Winner of the BevCap Best Practices Award 2015, 2016
Certified Predictive Index Consultant Partner
Personnel Dynamics Consulting
The Ultimate Fort Pierce, Florida
President
Turnover Calculator
www.TurnoverCalculator.com
Why Should You Be
Concerned?
The Hiring Strategy You
Are Using Today Is Not
Going To Work?
Unemployment Rates
US Bureau of Labor Statistic – December, 2017
Unemployment Rates
US Bureau of Labor Statistic – August, 2017
Unemployment Rates
2017 2016
St. Louis 4.4 5.6
Carlton 5.0 5.7
Lake 4.5 5.6
Pine 6.4 7.0
Itsaca 6.7 9.2
Hennepin 2.6 3.3
Dakota 2.7 3.4
Ramsey 2.8 3.5
Olmsted 2.6 3.1
Winona 2.6 3.5
US Bureau of Labor Statistic – Decemer, 2017
Minnesota
Wisconsin
Unemployment Rates
2017 2016
Douglas 3.6 5.1
Washburn 3.4 5.2
Burnett 4.5 6.3
Polk 3.6 5.0
US Bureau of Labor Statistic – Decemer, 2017National Unemployment By Education
US Bureau of Labor Statistics, 2016As Unemployment Declines, Employees Leave.
National Turnover Rate
0.600 48.6%
45.2%
45.0%
44.2%
44.2%
44.1%
43.7%
42.8%
42.4%
0.500
41.8%
41.8%
39.9%
38.8%
38.0%
37.4%
36.5%
0.400
0.300
0.200
0.100
0.000
2001
2002
2005
2006
2007
2008
2011
2012
2013
2014
2003
2004
2009
2010
2015
2016
US Bureau of Labor Statistic – December, 2017How Long Do They Stay?
Average Tenure
2002 3.7 years
2004 4.0 years
2006 4.0 years
2008 4.1 years
2010 4.4 years
2012 4.6 years
2014 4.6 years
2016 4.2 yearsThe number of job openings recently surpassed the number of people looking for work
How Does This Affect Your
Workplace?
- Finding the “Diamond” has become more difficult.
- Bad hires are a liability.
- Empty positions will affect your production / service.
- Employees have choices. They can work anywhere.
- Employee Turnover is contagious.2013 Workforce by Generations
Generation X and Millenials
“I am a commodity. I have talent and should go to the best bidder”.
© Copyright 2012, Personnel Dynamics Consulting
US Census Bureau, 2013Present Workforce by Generations
Generation X and Millenials
“I am a commodity. I have talent and should go to the best bidder”.
US Census Bureau, 2017THE GENERATIONAL WORKFORCE
Veteran Generation
(1945 and before)
Baby Boomers
(1946-1964)
Generation X
(1965-1980)
Millenials
(1981-1997)
AARP, Leading a Multigenerational WorkforceTHE GENERATIONAL WORKFORCE
Veteran Generation
(72 and above)
Baby Boomers
(53-71 years old)
Generation X
(37-52 years old)
Millennials
(20-36 years old)Baby
Boomers Generation X Millennials
Bonanza Family Ties Jerry Springer
Television
Employment Hard To Find I’ll work if I have Jobs are a dime a
to dozen
Only if I have If I really want
to something How much can I
Credit get?
Men of Men/Women of What is
Heroes Character Character Character?
Via Parent’s Via personal
Pager – Cell
Communications Phone phone
Phone - E-mail
Chat Rooms
Change Dislike Accept Demand
Employing Generation Why Eric Chester, 2002Baby Millennials
Generation X
Boomers
Just because they
Respect Is automatic Is polite
Are older? – No
Way!
Tell me what to Show me how to Why do I need to
School /
do do it learn this?
Training
Loyalty to I could work my This could lead to If I can’t take
Employer way to the top the top Saturday off, I’ll
quit!
Promiscuity Mono Herpes Aids
leads to
Employing Generation Why Eric Chester, 2002Baby
Boomers Generation X Millennials
Pornography In the Movie In Video Stores On TV, or just
Theaters a click away!
Is there Is there honesty?
Government There is dishonesty
dishonesty?
Justice Always Usually prevails Can be bought
prevails
Parents Try to please Try to put up with Aren’t around
them them much
Employing Generation Why Eric Chester, 2002What difference does this make?
Who is right?How Does This Affect Your
Workplace?
- There is a new concept of how work works. (Embrace it)
- It is about the culture of the workplace (Who owns your Culture?)
- Employees do not plan on retiring from your organization
(Anchor them early)
- Workforce is mobile (Why would anyone want to work for you?)What Is The Costs For Not Making Changes?
www.TurnoverCalculator.com
www.TurnoverCalculator.com
Registered with Email Registered at Event
1. Go to TurnoverCalculator.com 1. Go to TurnoverCalculator.com
2. Log in using your email as 2. Click on “Sign Up”
your log in name.
3. Register for 90-Day
3. Enter “password” as your Membership
password.
4. Use DULUTH as coupon
codeTurnover Is Expensive How high is your turnover rate? How much does it cost to lose an employee?
Click on “New” to start.
Type in the title of the position
Answer the questions. Skip those that do not apply. You will most like leave a majority of the answers blank.
If you are not sure of an answer, click on the “Help” button on each question for assistance.
Page down to see your totals.
Turnover Costs (Hard Costs Only)
Warehouse $8,500
Merchandiser $12,700
Delivery Driver $29,600
Sales $37,500
TurnoverCalculator.comTurnover Costs (Hard Costs Only)
Warehouse $8,500 x 3 = $25,500
Merchandiser $12,700 x 3 = $38,100
Delivery Driver $29,600 x 3 = $88,800
Sales $37,500 x 3 = $112,500
$264,900
TurnoverCalculator.comCalculate the Cost of Turnover
www.TheTurnoverCalculator.com
Coupon Code:
DULUTH
30 Day TrialYour Paradigm of Employment Must Change.
Accept The
New Employee Paradigm
“I am a commodity.
I have talent and it should
go to the best employer.”
You need the talent more than the talent needs you!Understand The New Recruitment Paradigm “Good Employees Are Employed.” You need to recruit employees who are already happy working where they are employed.
Adopt the
Employer of Excellence
Attitude
“I am the best employer,
and I can prove it.”
Market yourself to your employees and to the community.Know Your Numbers - Turnover Rate - Growth Rate - Amount spent on Training and Development - Promotion Rate - Training Participation Rate - Percentage you pay on benefits - Engagement Rates What makes you special vs. other employers
Market Your
Numbers
Create a Marketing
piece to hand out to
employees and
visitors.Market Your Stories Testimonials from employees on why you are a great place to work.
Accept The Value Of
Culture
Yes, they want to be paid. They also want to grow.
How will their life be improved?
How will they increase in market value?
What chance do they have to develop?
They have a job. Your job is to attract them away.Understand
First Impressions Matter
Every step of the hiring and
on-boarding process should be impressive.
It is all about making an impression.
Wow them!Employee Handbook
Make it a Marketing
piece. A celebration of
their choice to join
you.Embrace The
New Minnesotan
?
Say “Welcome” instead of “Why”.What Can You Do Now?
Know Your Numbers - Turnover Rate - Cost of Turnover - Paid Time Off - Growth Rate - Amount spent on Training - Promotion Rate - Training Participation Rate - Percentage you pay on benefits What makes you special vs. other employers
Remember… Today’s Workforce has choices. …It is your job to make sure they choose you!
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