The “New Rules” and You: How to Thrive in the Organization of the Future

By Lisa Iarkowski

Image via Shutterstock

The digital age is upon us, for better and for worse. As anyone with a smart phone can attest, technology is advancing faster than ever. At the touch of a button, we skype with family overseas, share information with coworkers, check in with our kids, and track our daily steps. As individuals, we are adapting relatively quickly but many businesses are having a hard time keeping up with the rapid pace of technology and are struggling to redesign their organizations to remain competitive. Deloitte’s 2017 Global Human Capital Trends report suggests businesses around the globe are ill-prepared to build the organization of the future. In their survey of 10,000 organizations across 140 countries in a broad cross section of industries, Deloitte reports that 88% of businesses say that building the organization of the future is important or very important, but only 11% of businesses say they are prepared to do so. Deloitte shares trends and “new rules” organizations need to follow to redesign their organizations for the future.

The New Rules

Organization 21—Designed with You in Mind

The organization built for the future will be organized for learning, innovation, and customer impact. What can we expect?

Employee experience at the center. Successful organizations will prioritize and reshape the employee experience by creating a more holistic, work-life balanced, end-to-end recruitment-to-retirement experience that their employees are seeking. Employees can expect more help with balancing personal and professional demands, compensation, financial and nonfinancial benefits (such as meals, leaves, vacation, fitness, wellness programs), and rewards and recognition designed to make people’s lives better.

How we work together. The traditional hierarchical structures will give way to agile networks and small, project teams empowered by team leaders and fueled by collaboration and knowledge sharing. Employees will have greater support for risk-taking, creativity, and innovation. There will be more opportunities for greater input, influence, and leadership. In the future organization, leadership is a role anyone can play.

Who we work with and the skills we need. Teams will be more diverse. The traditional workforce will continue to be augmented with contingent workers, contractors, and crowds. Essential human skills will be augmented by technology (robotics, artificial intelligence) to perform nonessential tasks. Research by Deloitte in the United Kingdom finds that the future workforce will require a “balance of technical skills and more general purpose skills such as problem solving skills, creativity, social skills, and emotional intelligence.”

How leaders lead. Still crucial, leadership will align with the future organization’s focus on learning, innovation, and customer impact. Effective leaders of the future are agile, collaborative and team-based. A leader’s success will be measured less by their expertise or judgement in a given area, and more by their agility and creativity, their ability to build and lead teams, and to utilize resources such as client teams and crowds to solve new business challenges.

How we grow our careers. Careers for employees and leaders will be built on advancement through many assignments and diverse, multi-functional experiences, as opposed to a linear, hierarchical progression up the ranks. Employees will see growth opportunities through increased training and support on the job, continuous feedback on goals and performance, and more access to continuous learning through flexible, mobile, on demand content.

Get Ready for the Future – Now

How can we survive the shift and prepare ourselves to thrive in the future organization? Here are some suggestions:

Build your change muscles. You can get more comfortable with change. In fact, your happiness at work depends on it, as change is not going away, ever. Knowledge is your super power here. The more information you have, the more you understand the change, why it’s happening, and what it means to you personally, the easier change is to roll with. If you find yourself feeling resistant, ask yourself “what else do I need to know about this?” Armed with information, ask yourself “where’s my opportunity?” Focus on your opportunity. Of course, if a change still seems like a bad idea, then bring forward the risks and provide alternative solutions. Super Power Booster: Step it up a notch and become a change leader in your organization. Volunteer to be part of a team or lead on a change that is meaningful to you. Offer to mentor others struggling to adapt, or offer to mentor a senior leader who needs to know how changes are affecting employees.

Take small bites, chew thoroughly. Change can feel overwhelming because there is just so much of it. It can help to break down changes into smaller pieces and do one of thing at a time. Multitasking is not your friend here. While it feels like you are doing more, you end up more stressed and not as productive as when you focus on one thing at a time. This approach can also help you build capacity to try new things and take risks (which are both future organization skills you’ll need). Super Power Booster: Work with your team to select one change you want to make on a project—just one. Pilot that change, set two milestones to assess how it’s going, and make changes as needed. Set the expectations upfront that the team should expect to tweak how things are working based on their feedback.

Make Friends with Tech

Admit it, often we’re drowning in email, tweets, texts, and meetings. As teams become increasingly global and augmented, we need help simplifying and organizing how we communicate, share information, and meet. Collaboration tools like Workplace, Slack, Basecamp, Asana, Trello, and Workboard may be options. Investigate tools your organization uses now or is planning to implement. As your organization continues to bring new technology solutions online, be open to training and learning. Super Power Booster: Experiment or pilot one collaboration tool to simplify how your team communicates and works together on one project. Assess how it’s working.

Build Your Essential Skillset, Continuously

More and more, essential human skills will be augmented by technology to perform nonessential tasks. Essential human skills for the future workforce include project management, listening, and moral and ethical decision making, empathy, communication, persuasion, personal service, and strategic decision making. Managers who can coach and develop staff will be in demand, as will leaders who demonstrate agility, collaboration, resilience, and systems thinking. Invest in your own training and learning in these essential skills. Leverage your organization’s training programs or create your own through external resources like Udacity, Udemy, Coursera, NovoEd, and edX which offer accessible, low-no cost high quality-learning. Deloitte reports that skills are becoming obsolete at an accelerating rate, with learned skills having a half-life of only 5 years. Expect that keeping your skills fresh will be an ongoing process of growth that will help you stay competitive. Adopt a continuous learning mindset, where your learning is “always on.”. Power Booster: Create a learning plan with milestones to grow and practice your skills in areas that are crucial to your continued development and success. To increase your knowledge about other functional areas, reach out to colleagues or consider asking to work on a short-term project in another functional group.

Own Your Career

More career development help is a promise of the future organization. But no one cares more about your career more than you, and this is a good time to revisit or create your career development plan. As organizations shift into matrix or lateral structures, how you can advance within the organization will change. Your plan should consider how organizations of the future will create advancement opportunities, and can include assessing what is meaningful to you, your professional and personal goals, and how you want to invest in your own learning and training, as well as how you can balance your personal and professional demands. Check with your HR rep: your organization may already have career development tools that they use or recommend. Another thing to keep in mind is that talent recruiters are relying more on social media beyond just LinkedIn, with Twitter, Facebook, Glassdoor, Pinterest, and Quora. Consider pushing your professional presence beyond LinkedIn; get active on social media to create a dynamic professional presence. Super Power Booster: Work with a career or executive coach to help you create a career development plan. Find a mentor or sponsor in your organization who can guide and promote you in creating advancement opportunities to grow your career.

Many of you are already doing these habits and actions. You are the future!

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Carving Out Your Time – Simplifying for Success

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Guest contributed by Daria Rippingale, CEO, BillPro

simplifying

Image via Shutterstock

Recently I was having a drink with a friend of mine and she was telling me about her newest obsession, the New York Times best seller The Life Changing Magic of Tidying Up by Marie Kondo. In it she describes a method of decluttering your home that, according to Kondo, refocuses your mind and your life on the things that “spark joy” for you. Essentially, all of the items in your home should bring you some level of joy, while not adding to your stress, so that you can focus on the most important elements of your life.

The end goal is having a home that is clutter free and creates a relaxing environment. Each possession that takes up space should be meaningful – every piece of clothing, every book, every trinket is chosen with purpose and conviction. Anything that gets in the way of the end goal, anything that isn’t regularly used or doesn’t bring happiness, gets tossed.

I left that conversation thinking about clearing out the clutter in our personal lives and how that applies to our work lives, too. We hear the phrase “Do more with less” all the time, but I cringe at the idea of what that traditionally means – longer hours, the same amount of work done by fewer people and usually a drop in quality as a result.

I know from my own experience that with a little practice and some creative ideas, you can streamline your days, making every minute of your work-life meaningful and therefore less stressful and more effective. De-cluttering your work and even your company will allow you to live the true spirit of “doing more with less”.

Below are a few of my essential strategies:

Hone in on your objectives
Firstly, be clear about your goals and objectives, both for you and for your company. Having the destination in mind will make the trip a lot quicker. To continue the travel analogy, your goals are like your True North on a compass. True North is the objective to which all your projects should lead.

Take time to muse over what those goals and objectives might be. Try setting aside time, once a week, to get away from the rush of the office and just think. It probably sounds counter-intuitive to saving time, but the results can be astonishing. Take a walk, sit with a notepad in a quiet room, or do anything where you won’t have too many distractions, allowing you to fully focus on your thoughts. Stepping back from the daily grind, even for 15 minutes, lets you focus on what is really important.

Once you’re clear on where you’re going, it becomes easier to look at your current and upcoming projects and use your compass to guide you towards True North. Focus on the projects that will move you towards your destination. The others are just “busy work” and will only act as barriers to achieving the important things that do “spark joy”. Merely being busy isn’t the same as being productive. Activity doesn’t necessarily equal results.

Ensure that your team is clear on what their objectives are too. Communicate with them as to how their individual projects will lead to the desired destination. Empower them to identify “busy work” and to ask questions about processes and projects that don’t seem to fit with what the organization is trying to achieve.

Simplify Your Work Day

Clearing the decks of focus-stealing “busy work” will recover lost time at the macro level. Simplifying your day-to-day work stream will recover that time at the micro level. Start by eliminating the two biggest hindrances to your productivity – emergencies (that rarely are) and interruptions.

Start each day by looking at your to-do list and calendar, not your email. This sets your mind in motion on what needs to be done instead of what has already happened. Take a few minutes to order your task list for the day. Be sure to tag tasks that are high value and focus towards True North, not just urgent. Completing the high value tasks will return greater rewards on the time you invest in them.

The next time thief to tackle is interruptions, and the biggest culprit here is email. Email is like a spoiled child who wants your attention, and they want it now.

Start minimizing the impact email has on your day by turning off email alerts. If you’re like me, you know there is a never ending stream of messages, so there really is no need to be constantly reminded. Allow yourself 15-20 minutes for checking in and responding to your emails in between larger tasks, making it a welcome distraction rather than an annoyance.

When you’re ready to corral your email even more, consider the advice of Tim Ferriss from The 4-Hour Work Week. He suggests only checking your email twice a day and using an auto responder stating the times you intend to review messages. For emergencies, they can always call.

Lastly, take 30 minutes before you finish up to reflect on the day. Examine what you accomplished, and what the value of those tasks were. Check your calendar for upcoming meetings and deadlines. This keeps you in that proactive state of mind instead of reactive, and prevents you from feeling anxious about the next day’s tasks.

If you want to do more with the time available to you, start by taking the time to focus on your True North – what’s important to your own goals and to the company. Use this as a compass to guide everything you do. Remove those projects that are simply “busy work” and concentrate on the tasks that move you forward. I believe that focusing on objectives and on simplifying everything has truly been integral to my success in leading the BillPro team on the journey of rapid growth. Certainly, without a sharp focus on the destination, we would not be in this position today.

BillPro CEO Daria Rippingale is considered a global authority on merchant processing. As an industry leader in e-commerce innovation, her fresh thinking regarding international payments and risk reduction has brought thousands of previously unserved merchants into the global marketplace. Follow on Twitter @BillProPayments

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8 Common Errors That Will Damage Your Career

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errors

Image via Shutterstock

Guest contributed by Jennifer Tait

From time to time, most of us see or hear about some crazy behaviour at work. Whether it’s a full-blown argument, a dramatic resignation or gross misconduct, you know that irreparable damage has been done to that person’s career.

However, it isn’t just the crazy moments like these that damage a career. There are actually a number of behaviours (and relatively common ones too) that cause your colleagues to view you in a negative light.

Here are 8 behaviours that you should avoid at work if you don’t want to damage your career.

  1. Boasting

Bragging about your achievements is a sure-fire way to make your colleagues dislike you. Generally speaking we simply don’t like people who boast about themselves and appear big-headed. Plus, if you’re shouting about your successes this makes others think that success isn’t a common thing for you, hence when you get it you have to shout about it.

On the one hand, it is important for you to promote yourself and your skills at work, however, you should always ensure that it is in a way that doesn’t come across as boasting.

  1. Taking credit for someone else’s work

It’s never a good feeling when someone steals your idea and naturally, it stirs up feelings of resentment. You should never take credit for someone else’s work as it shows that you have no regard for your team. It will cause significant damage to your working relationships and therefore also your career.

  1. Gossiping

We all love a bit of juicy gossip, but it’s important not to get caught up in it at work. If you get carried away chatting about your colleagues’ mistakes then the only person who is going to look bad is you. What you say about others may easily find its way back to them, so don’t be the gossip who spreads negativity.

  1. Going over someone’s head

While it’s not uncommon to go over someone’s head in an attempt to avoid conflict, this can come across as backstabbing. This tends to be a cause of even more conflict as soon as your colleague bears the brunt of your actions.

Going over a colleague’s head always makes them look bad whatever your intentions so do everything you can to resolve problems without getting others involved.

  1. Saying you hate your job

We all have our down days at work where things just don’t go our way. However, no one wants to hear about how much you hate your job. Being negative has an impact on everyone else’s mood in the office and good managers are quick to address anyone who is bringing the team down.

If you really need to vent, save it for when you get home.

  1. Having an emotional outburst

Being able to control your emotions is a skill that is central to your professionalism at work and the success of your career. An outburst of anger demonstrates that you have low emotional intelligence and will make your colleagues question whether you can be trusted to keep it together when it counts.

Emotional outbursts are a quick way to win yourself a lot of negative attention and in extreme cases to get fired. Keep your emotions in check and never make others feels that you are intimidating and unapproachable.

  1. Lying

Most people don’t intentionally tell lies at work. You may tell a small white lie in order to protect yourself or somebody else in your team, however if you’re found out it could be very damaging for your career.

Being caught in a lie will cause others to distrust you. Also, lying can be exhausting and is likely to cause you more stress and worry in the long term. If you can’t be honest and genuine in your workplace then you are unlikely to be happy there.

  1. Burning bridges

Your business connections and working relationships are so important to the success of your career. No matter how you feel about people, you should aim to never burn bridges as you never know when a connection will prove useful to you in the future (a broken connection can also prove quite harmful).

Quitting your job and leaving without notice, for example, will not only cause a lot of problems for your boss but also your colleagues who will have to take on your workload.

Bringing it all together

None of these common errors are particularly surprising, but they are something that many people forget about and dabble in from time to time. If you can avoid behaviours like these, you’ll have a better chance of maintaining strong working relationships that are key to career success.

About the Author

Bridgewater Resources UK work with market-leading businesses across the UK and Ireland, connecting top talent with outstanding opportunities. They offer roles within wholesale, distribution and manufacturing industries, recruiting highly skilled individuals at all levels.

Disclaimer: Views and opinions of Guest contributors are not necessarily those of theglasshammer.com

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What Skills Differentiate Women Who Make It To The Top?

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top

Image via Shutterstock

Guest contributed by Steven Stein

What does it really take for women leaders to make it to the top in the business world? Over the past 20 years, we’ve compiled the world’s largest database of testing results on emotional intelligence—approximately 2 million people worldwide. The Emotional Quotients Inventory (EQ-i 2.0) is the first and most widely used emotional intelligence test in the world. One of the areas we look at is the relationship between emotional intelligence and success at work. In addition, we’ve looked at the role gender plays in how these emotional skills are expressed.

We were the first to document the differences between men and women’s emotional intelligence profiles. Interestingly, the results were consistent around the world. And while there’s no significant difference in overall emotional intelligence scores, there were differences in the types of emotional intelligence. Men scored higher in independence, stress tolerance and problem solving. Women, however, scored higher in emotional self-awareness, emotional expression and empathy.

Building on women’s strengths

In the early days of reporting on my organization’s emotional intelligence and organizational success research, I was challenged by a number of businesswomen. They told me that to be successful in the male corporate environment, such as in financial institutions and the tech industry, it was important to be tough. They thought that they had to be tougher than the men in order to succeed. Being aggressive, they said, was rewarded and the way to get ahead.

I thought differently. I suggested that women were generally better in interpersonal skills, empathy and emotional expression, and they should leverage these skills. While the traditionally male-dominant traits of stress tolerance, independence and using appropriate emotions in solving problems were important qualities for leaders, women’s skills in these areas did not lag behind the men’s. And to get ahead of the curve in leadership, the skills women already excelled in were the ones to focus on improving even more.

Women are moving the needle on defining leadership traits

One of our current research samples includes 280 executives who are about to be or are currently on boards of directors. These high-level executives, most of whom have worked their way up the organizational ladder, have acquired the skills one needs to make it to the top. The sample shows that women have essentially closed the gap in the areas where men traditionally score higher—independence, stress tolerance and problem solving. They have had to deal with stress throughout their careers and, at this stage, are more balanced in dealing with difficult situations. Also, they’ve been at a decision-making level for a significant amount of time and can manage the decision-making process well.

But the data also shows that women who make it to the level of senior executives moving onto boards bring some extra skills with them to the boardroom. These women outscore their male counterparts in emotional self-awareness, emotional expression and empathy. These skills have now emerged as defining future leaders.

What difference does it make having females on the board of directors?  The New York Times reported on a study by Credit Suisse looking at gender differences of board members. They examined almost 2,400 global corporations from 2005 to 2011, including the years directly preceding and following the financial crisis, and found that large-cap companies with at least one woman on their boards outperformed comparable companies with all-male boards by 26 percent.

The report continued, “Some might assume that there was a cost to this as well, that boards with women must have been excessively cautious before the financial crisis of 2008… Not so. From 2005 to 2007, Credit Suisse also found, the stock performance of companies with women on their boards essentially matched performance of companies with all-male boards. Nothing lost, but much gained.” Unfortunately, the number of women getting to the boardroom is still much lower than men.

Increase your emotional intelligence

Whatever your emotional intelligence strengths, you can develop and enhance the three specific traits exhibited strongly by women in leadership roles.

  1. Cultivate self-awareness. Practice can help you become more emotionally self-aware. Through activities like meditation and mindfulness, you can learn to focus more on what you’re feeling and why you’re feeling that way. Knowing yourself better will help you become more balanced and centered when dealing with stressful situations and people.
  2. Find the balance for emotional expression. Being emotionally expressive comes naturally for many people. There’s nothing wrong with letting others know when something is bothering you or when you’re pleased with someone’s work. Be honest and authentic. Expressing your feelings can make you more real and likeable as a person, especially when you learn to manage it well. On the other hand, being overly expressive or under expressive can lead to trouble.
  3. Make empathy your secret strength. Great leaders are empathic. They are able to listen to others and understand where they’re coming from. But don’t mistake empathy for believing you must give in to everyone’s wants and needs. Understanding another person’s situation helps you make better decisions about what feels right for you.

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Steven Stein, Ph.D., is a leading expert on psychological assessment and emotional intelligence. He is the founder and CEO of Multi-Health Systems, a leading publisher of scientifically validated assessments. Dr. Steven Stein is the author and coauthor of several books on emotional intelligence, including his new book, The EQ Leader: Instilling Passion, Creating Shared Goals, and Building Meaningful Organizations through Emotional Intelligence

Disclaimer: The views and advice given by our Guest contributors are not necessarily those of theglasshammer.com

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Women Leaders as Agenda Movers: Leveling the Playing Field

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female leaderGuest Contributed By Samuel B. Bacharach

Recently I was asked to give a talk to a forum attended by fifty women executives. The topic was based on my new book and was titled, “The Agenda Mover: When Your Good Idea Is Not Enough.” Two days before the talk, two invitees objected, or at least questioned, my legitimacy, and pointedly asked the organizers “What does a man know about women and leadership?”

My response was that, indeed, I had no expertise that was unique to the challenges of being or aspiring to be a woman leader. My expertise is in the micro-political skills that any leader—no matter what their personality, background, age, gender—needs in order to move their ideas, their agendas, and their change efforts forward.

I am the first to admit that every leader brings to their agenda mover challenges their unique voice, their unique skills, and their unique narrative. Leaders face different burdens. While, for some, due to societal expectations and pressures, the burdens are greater, the core skills of leadership are ubiquitous.

If you want to succeed in an organization, if you want to move your idea forward, if you want to drive your career—to lead any effort, you need to have mastered political competence. That is, you must acquire and develop the micro-skills overcome resistance, mobilize support, and go the distance. Leaders of all stripes need to understand that a good idea is simply not enough. As a leader, you need the skills of political competence.

Having trained leaders at all levels of numerous organizations, I have determined that there are four fundamental agenda-moving skills:

1. Anticipate. When innovating and creating change, your idea is inevitably going to impact others. You have to anticipate how others will react to your idea. You need to know whom you’re dealing with, interpret their intentions, gauge their resistance, and expect the arguments that they will make against your idea.

Successful leaders spend as much time formulating their plan as they do mapping the political terrain and working out how they will present and justify their ideas to others. They expect resistance, and have made plans to overcome the naysayers.

2. Mobilize. You can’t do it alone. To achieve results, you have to work with a coalition of supporters who share your goals. Coalitions not only lighten the workload, but they reinforce your credibility and protect you—and your team—against unexpected setbacks.

To mobilize others, you must be careful to focus your message, be smart about timing the release of your messaging, astute about language, and perceptive about your audience. Support can be weak or strong, or middling, and politically competent leaders know when lukewarm support is enough to get their agenda accomplished, and when they have to press harder for a greater degree backing.

3. Negotiate. You have to negotiate support. You have to show others that there is little risk in joining you in your effort. Give a sense that you are fine without them, but it would be nice to have them along on the effort. Show prospective coalition members what they can gain from aligning their interests with yours. Getting the buy-in is about shifting your focus from your passion to really seriously thinking about where others are coming from, and what would motivate them to join your effort.

4. Sustain. You have to keep working after your coalition is in place. It falls on your shoulders as the leader to maintain traction, create short-term wins, create short-term victories, supply resources, and reinforce an optimistic outlook.

Sometimes agenda movers make the mistake of front-loading their effort on the coalition creation stage, and slack off once the coalition is formed. You can’t let your enthusiasm flag as you head toward the finish line. Make sure your coalition becomes a focused, agile, coordinated, forward-moving team.

After my talk, one attendee came up to me and said that the agenda moving skills were something that she learned late in life. She also mentioned that young men are taught the ropes of the political games well before young women. Isn’t that the sad truth?

Considering the challenges that women face, mastering the skills of an agenda mover is just but one more step to leveling the playing field.

About the author

Samuel B. Bacharach is the author of THE AGENDA MOVER: When Your Good Idea Is Not Enough (Cornell University Press, 2016). He is also co-founder of the Bacharach Leadership Group, which focuses on training leaders in the skills of the Agenda Mover, and is the McKelvey-Grant Professor at Cornell University.

Disclaimer: Views and opinions of Guest contributors are not necessarily those of theglasshammer.com

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Is It Possible to Be an Entrepreneur within a Corporate Structure?

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Business meeting with women and menGuest Contributed by Meg Schmitz

At some point in everyone’s career we begin to take inventory of what want in a job, what we seek for our professional growth and what brings us joy. In an ideal world, we’d all have jobs that don’t feel like work, pull a huge paycheck and allow us to achieve our goals. However, the reality is that many people, for reasons often beyond their control, leave work every day feeling unfulfilled – often, this is due to underutilizing a key skill set or feeling that potential is being left untapped.

For individuals who are drawn to entrepreneurship but don’t yet own a business, there’s a middle ground – the less-talked-about intrapreneurship. In a nutshell, intrapreneurs bring the entrepreneurial spirit to their corporate structure. This translates to freedom of thought, out-of-the-box problem solving, flexible brainstorming and long-range thinking that can be lost in the day-to-day grind. Intrapreneurs have the advantage of paycheck security and other benefits, all while being able to explore new avenues to sell a product or service in a role they already have familiarity with.

Another important component of intrapreneurship is the level of focus that intrapreneurs possess. An entrepreneur should view his or her company as a vision from starting point to end, but an intrapreneur works within the company to focus directly on a specific problem. Intrapreneurs, therefore, should have more directly applicable skills for a specific task. An intrapreneur takes risks, but those risks fall within the context of his or her job in the existing company. So, rather than focusing on the whole company, intrapreneurs hone in on the processes within it.

In this same vein, intrapreneurs are the primary forces of innovation within their companies. Like entrepreneurs, they look to provide solutions to unique, often market-driven problems. They focus on policies, technologies and applications that solve a specific problem, often resulting in productivity issues. In the same way that an entrepreneur starts a company to provide a service or product, an intrapreneur takes on a task within the company to strengthen it as a whole.

This sounds great, right? Somehow being able to balance your entrepreneurial ambitions with job security? Well, it’s not that easy – the first step is finding a company that’s open to intrapreneurs and their big ideas. When you’re looking for a job, make a point to find a corporate culture that supports your innovation, and actively interview for a culture that matches your values, goals and personality. Flexibility should be encouraged instead of suppressed, and the company should be comfortable with out-of-the-box thinking. It’s also worth considering exploring if the company has the budget – and internal capacity – to make the changes you might bring. Flexibility is key, but the space for implementation of your new ideas is what will actually allow intrapreneurs to fully realize their ideas.

What do intrapreneurs look like? They’re often independent, willingly autonomous individuals who like to thoroughly investigate every facet of a problem they’re presented with. They don’t respond well to micromanagement as they feel it stifles the experimental and creative processes. They’re free thinkers, but appreciate the overarching structure of a company that they feel aligns well with their values, goals and career direction. They’re the building blocks of their company’s executive teams and are a driving force behind innovation and forward motion.

If you see yourself in the description of an intrapreneur, you’re not alone – women make great intrapreneurs. We’re better equipped to challenge the status quo – we’ve been doing it as long as we’ve been alive! Fighting is in our blood, and we have great ideas that are well thought out and adaptable. Young women, in particular, have shown increasingly entrepreneurial ambitions, but many lack the experience or resources to pursue their own business at this time – however, entrepreneurially minded women may find that bringing a spirit of intrapreneurship to their corporate jobs gets them quite far. In fact, most businesses celebrate having women in higher-level positions, so why not harness this positive energy and look at ways to challenge the status quo further with big ideas, long-range thinking and out-of-the-box problem solving?

Meg Schmitz is an independent consultant of FranChoice based in Morton Grove, Ill. Her free services aid individuals along their path to professional independence, while developing a plan to achieve personal lifestyle goals through franchise investments. Contact Meg at MegSchmitz@FranChoice.com.

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Why Are Women Underrepresented in These Key Job Markets?

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Image via Shutterstock

By Tiffany Rowe

Our technological world is expanding at an astounding rate and jobs in the STEM industry remain in high demand. Those holding degrees in math, technology, engineering, and the sciences have, in many cases, their pick of lucrative and rewarding jobs. When you add an advanced degree in one of those subjects or in business then the opportunities are seemingly endless.

However, while the world as a whole is contributing to advancements in these areas, the people who secure these jobs are overwhelmingly men. Women are represented equally in some of these fields but engineering and computer science degrees are given to only about 29 percent of female undergraduates. University classrooms where STEM classes are taught are generally filled with male students. Some women are the sole representatives of their gender in these classes.

Many of us have long been told that this gender gap in these fields is related to the notion that girls receive less encouragement than their male counterparts to tackle these subjects during their lower educational years. While this can’t be proven, the simple fact that men far outnumber women in the STEM industries can’t be ignored.

While you may hear many different reasons why this occurs, we’re going to look at some solutions that can help women boost their power in the STEM job market and bring their unique talents to the industry.

Erase the Stigma

Many people erroneously believe that girls are not supported nor encouraged to take on advanced classes in mathematics and sciences during their younger years or that they’re not as capable as boys are. Factually this is untrue as both boys and girls show equal results on aptitude tests for these subjects.

Women and girls are more than capable of learning the fundamentals of higher mathematics and sciences when they’re given the opportunity. However, the stigma still exists that girls are less capable of excelling at these subjects than boys are. Younger children are experiencing less of this today than they were even just a few years ago, but young women in high school and college may still feel that these fields are not right for them or that they won’t succeed.

What Parents and Educators Can Do

While educational trends and how they focus on female students are changing, there are still many things that parents and educators can do to encourage interest in these subjects. Childhood curiosity knows no gender so if your daughter shows an interest in computers, math, or science do all you can to encourage that.

Learning how to write code comes very easily for younger children just as foreign languages do. If you’re an educator, encourage your school district’s administrators to implement these classes for children in lower grades. There has been a push to encourage more coding education, backed by the likes of Amazon, Google, Code.org, and more. As of just a few years ago, only 0.4 percent of college-bound women intended to major in computer science.

What Women Can Do for Themselves

Many women who have already attended university and achieved a degree in an unrelated field may think they’re now unqualified for any type of job in the STEM industry. Fortunately that’s not always the case. Many women who have undergraduate degrees in arts or humanities can take additional classes to better familiarize themselves with the fundamentals.

Earning online MBAs is a great way to get an edge in the industry. Advanced business degrees almost always include the option to narrow the focus of the program and these focuses do include some science and technology. Plus, innovations made in science and technology are useless unless the right person has the business and marketing skills to introduce them successfully to the public or direct them to the proper channels for further research and development.

It’s very easy to realize that, given the complex nature of our changing society and environment, that people with the technological skills and education to continue to make advancements for the benefit of society are invaluable. In fact, our lives and the lives of generations to come may depend on the technology we perfect and discover today. All of us can only benefit from having as many people tasked with solving complex problems as we can and that needs to include women. And with the right education, encouragement, and tools there’s no reason that can’t happen.

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To work with M&A: Young Women Lawyers May Be Missing Out

female lawyers featuredBy Aimee Hansen

Women lawyers are underrepresented in M&A primarily because they are less likely to enter and stay in the field. But some M&A women partner lawyers wonder if young lawyers know what they are missing.

The gender gap in M&A

A study of more than 17,500 lawyers at 25 law firms nationwide found that women held 48 percent of first and second year associate positions (corporate: 43 percent, M&A: 40 percent) but only 18 percent of senior equity partner positions (corporate: 16 percent, M&A: 15 percent).

While a glaring gap in women between the associate level and equity partner level exists across law, the distinguishing M&A gap is at entry level. Female enrollment in M&A courses (37%) was also noticeably below enrollment overall (45%), showing that law students are disinclined to enter, and/or discouraged from entering, the lucrative practice of M&A.

The survey’s authors speculate that perceptions about M&A keep women out, such as being testosterone-fueled, more demanding, and not family-friendly.

Being a woman in M&A

Clare O’Brien, Partner at Shearman & Sterling, entered M&A as a third year associate only because the firm had a mandatory rotation policy back then.

“I actually didn’t really want to go to M&A because it had a reputation of being very ‘male’ …” says O’Brien. “That’s a cautionary tale, in the sense that if I’d had my druthers, I wouldn’t have chosen to rotate to the M&A team, but I was really glad that I did.”

M&A law is skewed male, and investment banks (with which M&A lawyers regularly interact) more so, but O’Brien says being a woman has not impeded her advancement.

“Nobody made me feel less competent or less able than any of my male colleagues. I got opportunities to do the same sort of work, the same level of responsibilities and the same exposure to clients as my male colleagues,” O’Brien shares. “From my point of view, my preconceptions were not, as a general matter, actually born out in practice. Maybe I was lucky to work with the people I did, or maybe the preconceptions are a little bit unfair.”

Here are some of the rewarding aspects of M&A that you may not know about:

Being central to people and process

“I think it’s one of the more interesting practice groups to be in, because in a transactional practice, M&A tends to be the hub, and so people who work on the M&A team are generally responsible for the transaction documents,” says O’Brien, “which means we get to solicit and receive input from other practice groups and then incorporate that input into the transaction documents.”

According to O’Brien, more exposure to the processes of client decision-making and multiple practices positions an M&A lawyer well if she or he decides to transition to an in-house or business position.

“You are more of a generalist than any other practice area,” says O’Brien, ”which, I think, makes you a better lawyer. And you generally have closer contact with the business people than people working in other practice areas.”

Learning on an on-going basis

“We have a very cross-border practice, so, at least in my work, you get confronted with different legal regimes and questions that you don’t know the answer to and have to find out, so you’re constantly learning,” says O’Brien. “That may be true of other practice areas, but my sense is that they are more jurisdiction-based than M&A.”

This growth opportunity includes the latitude to learn about M&A as you enter the field. Among a recent panel of six senior M&A women lawyers at BC Law, few had either interest or experience in finance during underground or law school.

Having satisfying work flow

M&A lawyers report that it’s gratifying to move through the finite deal-making process from beginning to end, and that a transaction-based practice offers a sense of completion.

“The work has a flow to it, which is satisfying in the sense that you get to work on a transaction, you get to understand at least some of what your client does, as well as the business that is the subject of the deal, you get to draft and negotiate the transaction documents, and get to a signing, and then a closing,” says O’Brien. “Each signing and closing represents a milestone, and therefore an accomplishment.”

In the panel, M&A lawyers also expressed that the hands-on immediacy of the work (as opposed to litigation on past damages) and tangibility make it rewarding.

Leveraging strategic and relationship-building skills

While M&A is more associated with masculinity, much of the skills required – collaboration, listening and consensus building – are more “stereotypically” feminine.

“I think you get to be a better listener, and to exercise diplomatic skills…What you’re trying to do is to find solutions instead of erecting roadblocks,” says O’Brien, “so you have to be creative and prepared to think outside of the box. You have to be able to listen to the other side’s concerns, why they don’t want to do what you want them to do, and then, where possible, find a compromise.”

“You can’t just pound the table and say ‘it’s my way or the highway’ because that often won’t work,” says O’Brien, “and your client won’t thank you for it because your client wants to get a deal done and wants somebody who can help it do that, rather than hinder that.”

When it comes to the broader benefit of women in deal-making, a recent study of S&P 1500 companies found that organizations with a higher proportion of women on the board pay less for both acquisitions (15.4 percent less for each female director) and takeovers (7.6 percent less for each female director).

What about the schedule?

Flexibility is increasing in firms and much can be done remotely during the valleys of work, but peaks are both exciting and intense. When signing or closing a deal, being in the same room for extended hours with the client and the other side is often still necessary.

“What can be hard is the unpredictability of your schedule,“ says O’Brien. “If your client wants to do a deal and it happens they want to do it over the weekend, you have to do it over the weekend.”

O’Brien emphasizes the importance of building up a support network you can rely on, and notes that M&A lawyers usually have the means to pay for that support. Also, finding flexibility, one senior M&A lawyer reports arranging her summers off with her kids.

“I think what you have to do is say OK, when I’m ready to have a family, I’m going to have a family,” says O’Brien. “If you’re waiting for the right time, there’s never going to be the right time, so you have to go ahead and do it when it’s right for you.” O’Brien’s own daughters are eleven and seventeen years old.

Is M&A for you?

Like any area of practice, M&A will not be for every women lawyer, but if you can get beyond the dissuading preconceptions, you may find yourself surprised.

“In my view, M&A is one of the most interesting, if not the most interesting practice area in corporate law, and the perceptions that women are less welcome, and are less successful, are overblown.” says Shearman & Sterling’s O’Brien. “If you decide that you want to pursue a corporate practice that is transactional, and if you’re interested in being intellectually challenged and interacting with people on a constant basis, you should seriously consider becoming an M&A lawyer.”

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Ask Yourself These Questions before Accepting That Job Offer

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Women-on-TabletHow exciting to get a new job offer! Perhaps you have been job searching for a while. Maybe you are relieved to finally secure a position that seems worthy of your talent and experience. After months of submitting resumes online and the seemingly never ending series of phone interviews that go nowhere, getting an offer is validation that you are still marketable.

Of course, our first impulse is to take the job. Yet, there are many things to consider when you receive a job offer at a new company. It’s common to focus first on the compensation and benefits package, the new title and responsibilities. We can get distracted by all this. But if you are ambitious and forward thinking, you also need to consider what the new company can offer YOU in terms of your long range career goals and potential advancement.

Here are some questions you should ask when evaluating a new company:

Are there women in senior executive roles?

One of the first things to look at is the organizational chart to determine if there currently are women in leadership roles. If there is some representation of women at a high level, where did these women come from? Were they promoted from within or recruited from the outside?

The answer to this question is important in order to determine if the company is invested in building a pipeline of women and committed to nurturing that pipeline to leadership roles.

Do senior women have P&L responsibility?

Many companies will boast that they have promoted women to assume leadership roles, but when you take a good look at the organizational chart you may discover that these positions do not come with any fiscal responsibility. In other words, the company may have gendered roles even at the senior level. A lack of female role models has been noted to be an obstacle for high achieving women.

Do women have power and influence?

What role do women play in the overall operations and strategy of the company? Do they have any involvement in setting the direction of the company? Are there women on the Board of Directors? Do women at all levels sit on committees that have a voice with senior management?

Does the company invest in developing women leaders?

Is there a women’s network? If so, is it supported by senior management? Does the initiative have a reasonable budget? The budget is a big clue! Many of these programs lack any financial support which most likely indicates the company is paying lip service to supporting the advancement of women. Very little can be accomplished without money or executive sponsorship.

Does the company have a program for high potentials?

If so, what is the representation of women in this program? Are the criteria for inclusion in the program clearly defined? Are women moving to leadership positions once enrolled in this initiative?

Does the company have a formal sponsorship program?

Once again, it’s important to determine if women are included in sponsorship programs because these programs provide the type of advocacy and support that lead to promotions. What is the result of their sponsorship? If there isn’t a formal program, are women being sponsored or are they stuck in the mentorship trap? Speak with HR to determine if sponsorship for high potential women is recognized as important and actively promoted with senior leadership support.

Does the culture of the company align with your values?

This question is perhaps the most important one of all. Does the overall culture of the organization align with your core values and your ambition? The culture can support you or stifle you and unless you take the time to meet with people and ask questions, it is extremely difficult to see what’s happening behind the scenes.

You can determine quite easily if there are flexible work options and other policies that are important to your ongoing success by looking at the employee handbook or consulting with human resources. Answering these questions will certainly help you to determine if the company is supportive of high achieving women and working mothers.

But on a very basic level, you should answer this question for yourself: What type of culture will best support my ambition? If you want to create visibility and credibility for yourself, are you more likely to succeed in a hierarchical structure or a consensus driven organization, a conservative or cutting edge culture? Where will you be able to voice your opinion and make a difference?

Every company has its unique culture and it’s dangerous to stereotype based on the industry; all the more reason to take the time to figure out if the organization aligns with who you are, how you like to work, and where you want to go with your career.

The bottom line here is that our eagerness to take a job offer in a new company may seem like the best move to make. But before you accept the offer, consider whether or not the company is the right company for YOU.

Bonnie Marcus, M.Ed., is the President of Women’s Success Coaching, where she helps professional women advance their careers. She is the author of THE POLITICS OF PROMOTION: How High-Achieving Women Get Ahead and Stay Ahead (Wiley).

Guest contributed by Bonnie Marcus

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Best of Career Tips

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Our resident Executive Coach and Organizational Psychologist Nicki Gilmour writes a regular inspiring and useful career tip column for theglasshammer that helps women navigate through their career.Nicki Gilmour

If you are interested in hiring an Executive Coach you may contact Nicki directly on Nicki@theglasshammer.com for a no obligation chat about our services.

Take a look at the some of the previous articles Nicki has written:

 

Leadership: How to be authentic at work and why sincerity can hinder that

The trouble with “authenticity” in the workplace is that there are many definitions of what being authentic is and in reality we are often defined by the role we play.

Why wanting more at work can be a good and bad thing

I am very guilty of living in the future and this can lead to not being 100% engaged in the present.

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