Gordon Graham on Change in a Global Economy

Gordon Graham:  Change in a Global Economy

Change is the only constant in our world. With the increasing impact of a global economy and the explosion of technology it’s easy to feel out of control. Over the past 30 years I’ve worked with both labor and management, especially in industrial plants. This may be the hardest hit work force in the country. There is no simple solution for men and women who have spent their adult life working in a plant that now has no future. When a plant closes the whole community suffers. It’s hard to imagine the devastation that occurs until you visit a city that was thriving and is now surrounded by empty factories and boarded up storefronts. Automobile plants with 17,000 employees where fathers, grandfathers, sons and daughters worked are now vacant shells.

How do people recover from this kind of setback? The steps a company takes in order to compete are out of the individual’s control. The game has changed! The abilities and skills of the American worker are as good as or better than any in the world; however the playing field is not level. We have companies and organizations competing with others that are not saddled with health care and legacy costs, and that pay workers a quarter of the wages of the American worker.

The good news is that we can still compete by producing quality products and by engaging the hearts and creative talents of our employees. We can develop constructive, high performance cultures that can counteract the seeming disadvantages we face. In order to do this we need to engage the creative ideas and energy of the work force. This requires a compensation system that is more equitable and is transparent. Giving huge corporate bonuses to CEO’s when the company is losing money is unconscionable! When times are tough everyone needs to share the burden, and when times are good everyone should share in the rewards.

A final thought on trust: We need to build a culture where trust is the bedrock. We have gone through a period where greed and corruption have destroyed our trust in financial institutions and in corporate leadership. Talk shows, politicians and the media bombard the airways with character assassinations and accusations of every kind based on someone’s political views. It’s out of control and embarrassing to most average Americans. When “Joe the Plumber” gets more airtime than health care, we need a reality check!

Peace,

Gordon Graham, Change Agent

www.ggco.com