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Executive Yak

Where executives come to yak

Archive for the ‘Uncategorized’ Category

Suzanne Elshult sponsors live round tables for senior marketing and human resources executives and offers executive / professional coaching and virtual learning opportunities for leaders, business owners, consultants and coaches committed to growth and high performance.

What happens when you put 50 high-powered HR and Marketing Executives in one room for three hours to explore:

1. How can Marketing help HR?
2. How can HR help Marketing?
3. What are the Implications of social media for internal branding?

These are the questions we posed to the Seattle HR Executive Forum and Marketing Executive Roundtable in a recent joint meeting? Sounding kind of dull? You’d better rethink that. Just check these terrific graphic notes to get a sense of the energy and creativity in the room:

http://www.hrnow.net/internalbrandinggraphicnotes.htm

In fact so much rich content came out of this roundtable, I plan to do a series of blog posts over the next several weeks. Today I’ll give you the general flavor of the discussion and also share one success story of a company where HR and Marketing have done an outstanding job of partnering in a re-branding initiative: PEMCO, here in the Pacific Northwest.

Pretty much everybody in the room agreed that Marketing and HR need to partner and where they come together the most is in the brand, and how the internal brand interacts with and reflects the external brand. Easy say, hard do! It takes time, it means working through turf issues and conflicting views on the right approach. And, the process must be authentic! The employee value proposition needs to align with the true situation (anywhere from the physical environment, to the kind of artwork and furniture chosen, to the dress code – or lack thereof – adopted, and more).

It is not uncommon to see a huge disconnect between a company’s internal and external brand. One of the examples shared was a company with a strong internal brand and culture which was smart, unique and fun, but by no means represented in the external brand which was created by scientists favoring informative but very dense materials.

PEMCO is a great example of a company that dramatically changed it’s brand over a period of years from a meat and potatoe type company to one that has clearly set itself apart by emphasizing it’s unique focus and presence in and identification with the Pacific Northwest. Living here and not being aware of the PEMCO NW Profiles campaign is hard to impossible. The Chief Marketing and Chief People Officers understood from the very beginning that they needed to look at both internal and external branding to make the shift the company needed. In fact, HR and Marketing formed a “Brand Council” and aggressively went to work to take the external brand values and develop employee competencies reflecting the new and desired culture. Many new initiatives were launched to facilitate the change internally to better reflect the external brand. Here are some examples:

• New benefit programs including domestic partners and a wellness initiatives
• Initiatives supporting employee community participation
• Branded clothing for employees
• Introduction of authentic brand value and collaboration techniques such as the World Café, Open Space and Appreciative Inquiry
• A thought leadership and author series initiative (for example bringing local poets to events)
• A new Leadership Initiative emphasizing authenticity and interaction
• Employee events supporting the Northwest Profiles campaign
• A new, more informal dress code (even allowing blue jeans for special events….historically a BIG NONO!)
• New artwork and furniture reflect the new NW brand
• Focus on sustainability. The PEMCO carbon footprint is tracked and posted for all employees and customers to see.

PEMCO is without a doubt a great example of what can happen when HR and Marketing work together.

In my next blog post, I plan to share some specific tools, ideas, resources and reflections that came out in response to the three questions I started out with in this post. You don’t want to miss this! Stay tuned….

For more information on Executive Coaching please visit http://www.hrnow.net/coach.htm. Suzanne has two blogs:  http://executiveyak.com and http://hrundercover.com/ (we want your workplace stories).

This morning I facilitated a meeting with 25 senior HR executives from a very eclectic group of companies and industries, private/public/not-for-profit; large/small and so on. Topic: “executive compensation.” It was a fascinating and provocative discussion!!!! This group of HR executives ”rocks!” I plan to address several critical questions that emerged in upcoming posts. Today we will focus on “Executive Comp Under Attack: A Blip or Sustainable Shift?” 

Irrefutably we are seeing a wave of change. We  agree that we are finding ourselves in a very unique time. Most companies are implementing cost savings programs and reviewing all pay plans. Generally,  HR executives see and continue to expect widespread declines in all areas of compensation – at least short-term -and many initiatives, ranging from the mundane to the creative, are being implemented.

One of the questions the group debated at some length was whether the changes we are seeing represent a “blip” or are a part of a major and sustainable “shift?”

Can we agree that Americans generally have a short attention span? We go from bubble to bubble. But, is this bubble different and long-lasting? Interestingly more than 50% of executives at the meeting do not perceive that this bubble will cause fundamental and long-lasting change in US executive compensation practices. At the very least not much will change unless the government puts meaningful controls in place. This group believes that once the economy comes back, we will revert to our old ways. Interestingly, however, a significant number of executives believe that the bubble we are in right now is fundamentally different. It is broader and deeper than the technology bubble was. It involves huge social issues in addition to financial ones. This bubble is of a magnitude we have not seen since the Depression and will have long-lasting impacts on executive compensation. What do you think? 

Future blog posts will address other executive comp questions that were disucssed, such as:

  1. Are US executives outrageously overpaid?
  2. What is the psychology of recalibrating executive pay downward: What’s Right and What Are the Practical Realities?
  3.  Are there viable alternatives to compensation as a way to retain and motivate top executives and key talent? 

 More later…

 

About Us

I am a seasoned executive, coach and facilitator with 20 plus years senior management level experience in a variety of industries and organizations. My leadership development and coaching practice has included executive coaching and facilitation of roundtables for senior leaders since 1996. I currently have over 70 active corporate clients. I have particular expertise in organizational and interpersonal effectiveness, strategic thinking and learning systems.