Compensation Challenges in a Multi-Generational Workplace

A multi-generational office can be enriching for all team members, but it also presents unique challenges to effective management. Beyond matching compensation levels to experience and responsibilities, employers also now have to take into account the different compensation preferences of up to five generations. When it comes to attracting and retaining a talented team, employers need to consider compensation factors that go beyond the paycheck.

Addressing Compensation Challenges in a Multi-Generational Workplace Younger generations are less likely to build a life-long career at one company, and so they value career development and personal growth.

When identifying incentives for millennial workers, employers can consider funding their LinkedIn accounts, relaxing the office dress code, or sponsoring happy hours where younger employees can connect with more experienced staff.

Recent research has shown that Generation X’s priorities lie in managing their work-life balance, and many will consider sacrificing higher pay for jobs that are less demanding of their time. For Generation X, paid time off is a significant incentive. Meanwhile, Baby Boomers are generally less interested in social incentives, and will be more focused on benefits and matches in retirement plans or pension programs. While experienced-based compensation is expected, additional incentives can help retain employees across all generations.

Contact Madison Approach Staffing today to discuss how our Direct Hire, Temp to Hire, Temp Staffing, Training, Payroll Transfers and Benefits Administration services can benefit your business.

 

Are You Suffering From Job Burnout?

Are You Suffering From Job Burnout?

Exhaustion, a decline of interest in work projects, and a serious decrease in job performance are all signs of workplace burnout – an increasingly common result of chronic stress. Burnout is most common in human services professions – doctors, police officers, teachers, customer service reps and social workers – as it often stems from a lack of emotional resources to handle the strain of your current work environment and interpersonal interactions. The exhaustion can be mental, emotional and physical.

3 Types Of Burnout

  • Exhaustion
    • You feel completely overwhelmed with the amount of work you have, so you increase your work hours despite finding it harder to concentrate on your tasks. The lines between home life and work life completely blur as you answer emails at all hours and have trouble sleeping. You’ve started to complain more about the company and hierarchy, sure that they are limiting your potential.
  • Cynicism
    • You’ve lost all motivation at work and feel that your work doesn’t matter. First you start to distance yourself from your work, then your coworkers, followed shortly by the need to just quit. You may also find you’ve become hostile towards coworkers and clients, even if you’re not sure why.
  • Inefficacy
    • You’re worn out, despite seeing your goal, the obstacles in the way seem entirely too big for you to handle. Your work has begun to suffer, and you can’t see a way back to your productive self.

Causes

The factors that influence job burnout vary, take a look at this list and see if you see some familiar situations:

  • You don’t have control over your project timelines and don’t have the resources you need to do your best work.
  • Your passion lies elsewhere and your job doesn’t fit your interest or skills.
  • Your job is either always too stressful and chaotic or monotonous with no challenges.
  • You are not sure where you stand, the specifics of your job description, or what your manager expects of you. You are rarely comfortable at work.
  • You don’t have the social support you need, either at work or at home. Maybe you feel like your workplace is more like a battlefield than a place to do your best work.
  • You just can’t get a handle on that work-life balance.
  • You say yes to every request and find yourself buried underneath other peoples’ projects.

Effects

Like depression or anxiety disorders, long-term stress can affect your health and mental wellbeing. Consequences can include headaches, insomnia, colds and exhaustion. In some cases burnout can also lead to substance abuse through self-medication with alcohol, cigarettes, sleeping pills, stimulants, mood elevators and more. You may also find yourself having emotional reactions that aren’t typical – snapping at coworkers, distancing yourself from loved ones and becoming defensive quickly during conflicts.

Recovering from Burnout

Once you have identified the cause of your burnout, it’s time decide what needs to change. You should start with the basics: eat well, sleep well, and stay healthy by taking breaks and getting exercise. These are the first steps that will help you climb your way out of the burnout hole.

Take time to learn some basic stress management techniques, either on your own time or as offered by your employer. In your personal life, try to surround yourself with positive people and allow them to bolster you up. Find someone outside of your job to talk to about your stress and work frustrations.

Learn to say no. Being liked will get you nowhere in your career if you are unable to perform your job. There are other ways to make yourself invaluable at work. Resist the urge to bring your work home with you. Schedule an appointment with your boss if you feel that deadlines are unrealistic, you don’t have enough resources, or if there is a project you would love to incorporate into your current workload.

Make sure you are in the right job. An honest assessment of your passion and your skills will help your figure out if it is time to move on from your current place of employment. That being said, manage your expectations – there is a difference between working your way up to your dream job and being on the wrong path entirely. Everyone has to start somewhere.

New Year, New You, New Job

Get a new job in 2015 | Madison Approach Staffing Westchester New YorkYour New Year’s resolution is to finally get that job you’ve been hunting for, so it’s time to make the best of the cold winter months ahead by focusing on updating your skill sets, rebranding yourself as an ideal employee and learning how to market yourself as such. Taking the time to work on your professional development in this day and age means staying warm inside and finding the right online courses to give you an edge in 2015.

Excel

Your excel skills can make or break a job offer – many industries are looking for someone who can analyze, interpret and present data clearly and concisely without having to train a new hire. Start with the basics and work your way up with Microsoft’s free online training videos.

Get Techy

If you’ve always been good at trouble shooting tech problems or understanding new programs, why not take the time to add a marketable skill to your resume? Websites like udemy offer free courses on everything from programming apps and creating an ecommerce website to learning coding languages.

Master Office Skills

You may have great experience and fabulous references, but have never had the opportunity to learn software that is necessary for your chosen field. Learn and master skills like Salesforce, Intuit, and Oracle for different levels and different prices.

Learn a New Language

If you’ve always had an ear for languages, why not perfect at least one you can put on your resume? Duolingo offers free courses in Spanish, French, German, Italian, Portuguese, Dutch, Irish, Danish and Swedish! Coursera offers Chinese for beginners in a self-paced online course with 6 hours of video and quizzes – all for free.

Finance Friendly

Take the time to take an Introduction to Finance course on Coursera.org where you can earn a verified certificate over 15 weeks of study. This particular course focuses on the concepts of time value of money and how to value any asset.

Be sure to check out more Massive Open Online Courses (MOOCs) to find the right fit for your learning style. Be sure to make a plan for yourself and schedule time for your professional development so you don’t get overwhelmed.

Updated skills means an updated resume (time to take another look at our 5 Tips for Writing a Winning Resume), skills added to online profiles like LinkedIN, and launching a branded website, landing page or online resume. Not sure where to start? Check out about.me or enthuse.me for free a landing page you can customize, link to your online profiles and show off your resume.

Don’t forget reimagine your elevator speech – keep it fresh and interesting and be sure to emphasize the impact you had in your previous positions. Stay positive during your professional development, set goals for yourself and be ready to reveal the ideal employee inside.