LinkedIn founder Reid Hoffman and entrepreneur Chris Yeh discuss the Alliance, their innovative framework for managing today's networked age employees.
(introspective music) - So the world has changed. Whether or not you've realized it, in many corporations trust is broken. - The employee employer relationship hasn't evolved with the times. - Companies can't offer stable employment. Employees have many different options for a great career, which can include not just changing companies, but changing function and region, a number of other areas. - Employees realize, you know what? The promises that worked for my parents don't work for me. I don't believe anymore that the company's gonna keep me around for 30 years.
And I'm gonna get a gold watch and a pension when I retire. - The alliance is a way to rebuild that trust. To essentially reforge a mutual admiration and respect between the employee and a company. - We believe that the Alliance framework is a way that you can balance the company's need for adaptability with the individual employee's need for transformation. - The solution is simple. Stop thinking of employees either as family or as free agents, but to start thinking of them as allies.
Reid and Chris share specific insights from their own experiences with companies like PayPal, Kapost, and LinkedIn, and more.
- Defining a rotational, transformational, or foundational tour of duty
- How to identify each employee's values and aspirations
- Aligning employee, manager, and company goals
- Establishing and leveraging alumni networks