Two Years is the New Five Years
When we observe budgeting and planning in higher education, it is apparent that the horizon in a “flatter world” comes upon us more quickly. Our external and increasingly our internal environments change with greater frequency, requiring greater agility in order to meet the needs of our students, our employees, and our institutions. While we used to think of short-term as one year, medium-term as three years, and long-term as five years, calendar compression creates a timeline where six months is considered short-term, one year is medium-term, and two years is long-term.
Individual career expectations have changed as well. Our parents and grandparents had a much different view of longevity with their employers than their children and grandchildren. Employees used to anticipate that they could conceivably work for the same employer for their entire work life. It was not uncommon to live in the same town where you grew up and for a son to work in the same place (employer and location) as his father. Now employees consider two to five years as a reasonable length of time to commit to their employers and employers are grateful to have employees stay productively engaged for two to five years. While these expectations don’t apply to all employers, employees, or situations, attitudes have changed to adapt to new realities.
Note that “son” and “father” are used here to highlight a parallel change in the expectations of gender in the workforce. While staying at home may have been common decades ago, now the doors are wide open for either gender to make choices on either staying at home or moving into the work place, and often choosing to move in and out of both fields in the same 2-5 year time range. Perhaps as a result of longer life expectancies, perhaps as a result of a more transient nature of primary personal relationships, or both, there is at least the impression that most of us must be prepared at some point in our lives to support ourselves. Individuals are discovering that their personal timelines (and definitions of short and long term) are compressed and that they have as much need for agility as the institutions for which they work.
How did this happen? Over the past couple of decades, while grandchildren were teaching their grandparents how to set the time on their VCRs (that’s video cassette recorders for the millenials), technology and a universal soaring of expectations have “suddenly” morphed two years into the new five years. In the meantime, VCRs have been replaced by DVRs (that’s digital video recorders for the baby boomers) the same way that Netflix has become the new Blockbuster. Further, given that we can now get thousands of songs and other media on a device the size of a postage stamp, technology and consumer expectations will demand that DVRs, Netflix, and many other things, people, and organizations are reinvented (again) to be sustainable – two years may be too long and five years…well, five years is history.
