Generation Y is the generation that was born between circa 1980 - 1994. This range of dates varies from source to source, however for our study we will take that the oldest of Generation Y is currently aged about 27 and the youngest being about 13. On a world wide basis, the use of the term Generation Y seems to be restricted to the Western World
The importance of Generation Y
A company vision that seeks to make a positive difference in the world...Generation Y has a core need to make a difference and affect the world for the better " Work needs to matter - make it matter "
A set of shared values that are actually lived….. the company walks its talk!
Flat organizational hierarchies...Generation Y value abilities and skills more than positions
Divestment from dictatorial regimes...Generation Y are not well suited to command and control type management
Valuing the development of people...Generation Y want their work to help them to ful fil their potential and dreams
Ethical and sustainable operation...Generation Y are highly supportive of CSR
Affinity groups for shared learning and working....Generation Y love to learn, share knowledge and work in teams
The importance of Generation Y
The importance of Generation Y in the workforce
The demographics show that the Generation Y are a prominent section of the workforce - currently 20% of the workforce and rising to 40% in 2010. Employers are starting to realise that with the upcoming Baby Boomer shortage through retirement that in the future they have no choice but to accommodate Generation Y if they want to retain a robust competitive advantage.
In the next few years, Generation Y workers will be in the position of asking for what they want from their work from their employers.
What most influences Generation Y?
Peers:
While the Builders’ Generation are most influenced by authority figures and Boomers
make decisions based on data and facts, post-modern youth are more likely to make a
decision based on the influence of their own peers. Our research has further confirmed
that the biggest factor determining the choice a teenager will make is the experiences of
their core group of 3 to 8 friends. Rather than making independent decisions based on
core values, they live in a culture encouraging them to embrace community values, and to
reach consensus.
What most influences Generation Y?
Pragmatism:
It is understandable that young people today are less idealistic than generations past due
in part to the media and pop culture that fills their life. The most popular song of the
1940’s was Bing Crosby’s “White Christmas” (1942), for the 50’s it was “Rock around the
Clock” (Bill Haley and his Comets, 1955), and the 60’s it was the Beatles’ “I want to hold
your hand” (1963)vi. A quick listen to the music of choice for Generation Y reveals what
What most influences Generation Y?
different times they live in. Much is made of the dark lyrics of Eminem and Marilyn
Manson, but these are just public examples of the popular and pervasive genre. The
influence of music is second only to the influence of TV and movies in Gen Y culture.
George Barna has found that when teenagers were asked, “What/who has a lot of
influence on your thinking and behaviour?” one quarter of the influence on their lives is
from TV and moviesvii .
What most influences Generation Y?
Preference:
For previous generations, the modernism mindset ruled and so people grew up believing
that technology was good and to be trusted, medicine could overcome any problems
humanity faced, and together we could create a great future. However in these postmodern
times, technology is often not trusted let alone held up as the answer. AIDS and
other pandemics continue to defy the experts, and the scientific method has given way to
virtual reality. The concept of absolute and inherent truth has been banished as truth is
deemed to be relative to one’s own background and understanding. The culture today
asserts that any philosophy, religion, or practice is as valid as any other as long as it
doesn’t hurt anyone else, and it is tolerant of the beliefs of others.
How to manage Generation Y
Listen to them and provide them with feedback
Generation Y want to experience leadership as soon as possible
Generation Y want to experience leadership as soon as possible
Get them on the leading edge of what the organization is doing
Encourage problem solving
Make their work matter
Do not reject Generation Y workers because they seem difficult to manage
Generation Y—why worry?
They live online
They’ve been indulged
College students embrace new media
They are more socially conservative.
They operate at high speed
Projects for developing GenYES.
bridging the experiences of Generation Y and the Silent Generation using the Internet :
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