Is Nike doing anything to prevent burnout and the high (and continuously growing) turnover rate of employees?
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The reason for McKinsey is because most of the Sr. Directors/Directors don't know what the H3ll they are doing! A good portion of these people lack any type of vision and do not have the first clue on who to develop must less manage a strategy to achieve a vision.
as a 2012 exit, on my own decision, I would like to share a few things. I joined Nike in 2001, as far as I remember there has been a reorg every 4 years, and each one took place no matter if there was a crisis or not. Each crisis of course offers Nike management a cover or excuse to do their next reorg, but if there is no crisis, they would do it anyway or just hang on and wait another year before executing it.
reason for reorgs are clear: remove the bad eggs, because these bad eggs never want to leave by themselves. It was more clear after I left Nike is that HR has no interest or idea on the talent that company at any point of time has, this is completely left to the managers. It was one of the reasons for me as well to leave. if your manager thinks you are OK based on his subjective judgement, you are talent, if you are not s—ing up, not a ppt monster, show off etc but you are still delivering solid work, you may never be noticed. Most managers at all levels do not even know how to assess, develop, retain talent, and what is sad is that they do not know how to get rid of the bad eggs along the way either. When company feels on the 4th-5th year that it is time for another reorg, then the whole organization with all managers, and employees are caught kind of off-guard, and suddenly everyone is for themselves. it is naive to think that this particular manager does not give a damn about his/her team, but focuses on own survival. I have seen reorgs where people were asked to sit at their desks six weeks straight waiting for a call from HR to be old if they stay or not, or only rumor of the reorg was there an no one felt like working for a few months because they did not know if they stay or not. It felt like Nike never got this reorg process right. of course it is tough but once you are let go, most of the time you land a good job after Nike, this one will be different due to covid, however the rest of your career is entirely up to you and how hard you are willing to work. One thing that all realize after leaving the swoosh is that you start working a bit more, but you do this with pleasure as no other company is as toxic as the swoosh. I truly think Nike does not want to give employees enough opportunities to learn more, stretch more and develop. That is why there is a huge amount of frustration in the organization, because what should be HR's primary job has been left to inexperienced and untrained managers. therefore not done properly, I would even say, not done at all...take care guys
Not as far as I can tell. At least 3 key employees have quit in my immediate vicinity in the last month - in a pandemic - because of burnout and poor leadership. We talk about how sad we are to lose such great talent but still refuse to hire or prioritize work to make this a bearable place to be each day. And with CDA just making things worse instead of better, I don’t blame them.
Yeah, that is what you get when leadership lacks vision, convection, courage and, honestly, humanity and humility. I sincerely despise working at Nike; it does not feel good anymore. The amount of useless and pretentious people who have no clue what they are doing is overwhelming. Forgive me, I am not trying to sound this way just to add fuel to the fire; I really am dealing with some nasty people, daily. The good news is that I am through to the last round of interviews with a fantastic organization and hopefully I will either be resigning soon or, better yet, get laid off at the right time - end of September to the beginning of October. All the best to you folks.
McKinsey stoke Nike’s watch and then told them what time it is. Only problem is that the watch is stuck. So it will only be correct twice a day. But don’t worry McKinsey will be back again to tell you the entire watch was wrong to begin with. JD doesn’t run the show. McKinsey runs JD:
I find it disheartening that so many employees, current and former, are unhappy working at Nike. That is not to say I do not agree; I do. It is just sad how Nike went from being one of the best places at which to work to one of the worst yet "leadership" remains so oblivious to such facts. I guess they will not pay much attention to that as long as there is profit; however, that is no longer a guarantee either given the current climate. FY20Q4's earnings is a reminder of that.
About ten years ago, I was at a formerly relevant consumer hardware company that was going through what's happening at Nike now. I can tell you that it will start to show in the products in a matter of time, and customers will stop thinking of Nike as an innovator, but just another widget maker creating lowest common denominator products.
@srt - so true
McKinsey mindset. Churn and burn employees every 2 years. Up or out. This is how Nike lost its culture and soul.
Because if it is, I'm not seeing it...