Owner To Owner Podcast Darren Bourke Business Coach to SME owners on the rapid shift in Employee power and strategies for Employers to adapt to this new paradigm.
@DarrenBourke is a #businesscoach and #mentor to #smebusiness #owners.
He's worked as a chartered accountant with @Deloitte and @pitcherpartners, had a #HR startup and authored @thefourthmoon.
In this episode we talk about the post pandemic shift in power from employers to employees. In past more than 50% of his conversations were about people - internal, sometimes external, sometimes partnership or family business issues. But what's happened is that people issues have probably 10X'd through the pandemic. His work went from consulting, coaching and mentoring through the pandemic to basically welfare and checking in on my owners and helping them hold the fort together. Since coming out of the pandemic Darren (and his clients) have been struck by this incredibly new emerging workplace, the virtual or #hybridworkplace, and the issues that came out of that.
And of course, there was no roadmap for that. In our discussion we talk about;
- the shift in power
- the 8 to 10 years leading up where we didn't have a lot of real wages growth
- how we have fast forwarded 10 years plus of workplace evolution in 1 to 2 years
- working remotely
- tree change, sea change
- changing the way our family or household dynamic interacts with work
- the many challenges for the employer to catch up, how they marry up their offering to their employee cohort based on these new expectations, wants and demands of the employee cohort.
- the splintering of the connectivity between owners and management, and their operational frontline workers
- #productivity
- #virtualworkplacer
- the value of having that human, in-person contact
- the reset of the traditional #orgchart
- the end of the master servant relationship, and move to a more collaborative, consultative, fluid working model
- #marketsalaries as a north star, and paying at or above market salaries
- merit-based increases
- non-financial benefits - travel exposure to industry events, professional development, flexible work, a more specific 3-to-5-year career path
- creating a sustainable path to success
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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.
michael.kerr@kerrcapital.com.au
www.ownertoownerpodcast.com.au