A friend recently updated their status with the title to this article. Ironically,
I saw it just as I got off a call with a client who was explaining
that somehow she was expected to serve as both the strategic visionary
and tactical processor for her company’s multi-national LTIP programs.
The simple request in my friends status update seemed reasonable, well
thought-out and familiar. As we traverse the crags of an uneven
recovery, companies have found it difficult to create compensation plans
that perform as expected. As budgets continue to be bound by
uncertainty, companies have been unwilling, or unable, to hire tactical
help. This leaves compensation departments in a quandary. When should we
strategize and when should we make things happen?
For those of you who are feeling like your personality and activities
are being split down the middle, I'd like to suggest a small exercise.
Take 4 hours and block it off your calendar. (I know you don’t have 4
free hours, but trust me this may really help.) Let’s just pretend you
blocked off 10:00am-2:00pm tomorrow.
- 10:00-10:30: Spend the first 30 minutes making a
list of every strategic idea you would address if you were in charge of
everything, but not responsible for doing any of the tasks. Rank based
on compliance, urgency, cost and benefit. Call this your “Strategy
List”. - 10:30-11:00: Focus the next 30 minutes making a
list of every process you would improve if you didn’t have to worry
about planning, administration or reporting tasks. Rank based on
compliance, urgency, cost and benefit. Call this your “Tactics List”. - 11:00-11:30: The next 30 minutes make list of all
the tasks you would do if you were never interrupted by other things.
Think about the minutiae and get granular. Rank based on compliance,
urgency, cost and benefit. Call this your “Tasks List”. - 11:30-12:00: Go through the Strategy, Tactics and
Tasks lists and mark each item that ONLY someone with your skill set or
better (not you) can get done. Then mark those that can be done by
someone with a lesser skill set. - 12:00-12:30: Look at the remaining items. These
are the things that you believe ONLY YOU can accomplish. Is this list
realistic? Can anything be moved to one of the other lists? When this
list is down to two or three items, you are set for a promotion. - 12:30-2:00: Go have a nice lunch with a friend. Celebrate that you just figured out how to put yourself in charge or be a lackey.
A very smart manager once told me “irreplaceable is unpromotable.”
She made it clear that as long as I was the only one who could do
certain things, I would remain the only one doing those things. Turns
out, it’s basic logic. If you want to stop doing things on your list,
you must first figure out a way for others to do them (or to make the
items go away altogether.)
Look at your lists again. Which things do you really want to be
doing? Of everything that’s left, can you train, hire, outsource, bring
in consulting or temporary staff to get them done? If yes, put together a
business case for exactly that. If no, keep working on your lists until
the answer is yes. I have seen people change things in a week or two
and I have seen cases where the changes were so large or numerous that
it would take 6-12 months to get them done. I have never seen company
where the changes were impossible.
The key is this: If you want to be in charge, the first step is figuring out how
to be in charge. Regardless of whether you want to be a lackey or in
charge, the first step is to define what those terms mean. The next step
is to clearly communicate to those who can help make the change. This
may be your boss, colleagues, or the staff working for you. The key is
to show what’s in it for them (WIIFM). If they see the personal benefit,
they may be inclined to help. If you communicate things as a plea for
help, you may get short-term traction, but nothing will really change.
So, put yourself in charge or make yourself the lackey, but only you can ensure that you’re not both.
Dan Walter is the President and CEO of Performensation
an independent compensation consultant focused on the needs of small
and mid-sized public and private companies. Dan’s unique perspective and
expertise includes equity compensation, executive compensation,
performance-based pay and talent management issues, Dan is on the board
of the National Center for Employee Ownership, a partner in the ShareComp virtual conferences and the founder of Equity Compensation Experts
a free networking group. Dan is frequently requested as a dynamic and
humorous speaker covering compensation and motivation topics. Connect
with him on LinkedIn or follow him on Twitter @Performensation and @SayOnPay
Dan - Thank you for this great article (which was very timely for me). It's concise and hits the nail on the head. I sent it to my boss and we're going to discuss it during my annual review.
I really never thought about this before, but it is so true. Thanks for giving me something to think about as I head into a meeting with my boss.
A book by Seth Godin called Linchpin is a fantastic book and I think would really help those who are concerend with putting themselves in charge in a way that makes them indispensible, not irreplaceable. Highly recommended.
Stephanie,
Thanks for the recommendation. I will order this for my kindle today!
Linchpin: Are You Indispensable? http://www.amazon.com/Linchpin-Are-Indispensable-Seth-Godin/dp/1591844096/ref=sr_1_1?ie=UTF8&qid=1335543844&sr=8-1