2008 Syngenta Gen Y (Final) - Presentation Transcript
Bridging the Generations:
From Minnie Pearl & Pearl Harbor
to
Wiki & Wii
Syngenta NFC and P&M Business Unit Meeting
September 9, 2008
Steve Drake
Tonight’s Agenda
Defining the generations
3. Generations as consumers & media users 2. Generations as employees
“ Stopping Points” after each section
Birth Years Here
Generations: Syngenta & the U.S.
Four Generations as :
Generational Challenge
Customers / prospects
Colleagues
Employees
Disclosures
Yes, these are generalizations
Yes, there are exceptions
What follows is a compilation of research and literature from multiple sources
Plagiarism vs research
Generational Background
Generational Divides Baby Boomers 78 million Generation Y 72 million Generation X 49 million Pre-Boomers 46 million Before 1946 1946-1964 1965 – 1977 1978 - 1994 Birth Years:
1970s: Long hair
Generational Words
Today: Longing for hair
1970s: Long hair
Today: Longing for hair
Generational Words
1970s: Screw the system
Today: Upgrade the system
1970s: Acid rock
Today: Acid reflux
1970s: Rolling Stones
Today: Kidney Stones
1970s: KEG
Today: EKG
1970s: Going to a new, hip joint
Today: Receiving a new hip joint
1970s: Whatever
Today: Depends
Stand at Your Corner
Pearl Harbor
Korean War
1 st Radio
Generation Impacts How you Communicate Kennedy Assassination Armstrong Moon Walk 1 st TV set Fall of Berlin Wall AIDS 1 st PC Monica/Gulf War I 9/11 1 st E-mail Address
First Year Eligible for Full Retirement Boomer Peak Boomer retirement will lead to an “all out war for talent”
Generations: Syngenta & U.S. Farmers
Characteristics, Perspectives, Attitudes and Beliefs
Generation Overview
Matures :
Depression
Builders
Savers
Generation Impacts How you Live Boomers : Post WWII Spenders Live to Work Xs : Latch-key Divorce Downsized Independent Ys : Digital revolution Corp / Govt flawed Short attention span Work to Live
Work Life Balance Work Life Family Work Life Family 70% of American workers say they don’t have proper work-life balance … and blame companies for the problem #1 Issue between Generations
Y’s Definition of Success Success Feeling personally satisfied 90% Having close family relationships 81% Having a close group of friends 69% An active religious or spiritual life 50%
Family - Parenting Generation Y 90% say they are “very close” to their parents 44% of teens consider parents as role models Quality and quantity time Raising a family is very important – 75% Baby Boomers More than 40% in 1974 said they would be better off without their parents “ Quality time” Raising a family is very important – 59%
Generations Y Loyalty ( in order of importance to them)
Families
2. Friends 3. Communities 4. Co-workers 5. Themselves 6. Their company
Marrying later or not at all
1960
Women 20 years old
Men 23 years old
2007
Women 26 years old
Men 28 years old
Median age at marriage
Volunteering is important
More than 60% of students volunteer at least monthly
More than 80% of college freshmen volunteered as high school seniors
Focus: environment, poverty and community problems
Top reasons for volunteering:
“ feel I am helping others”
“ good skills for the future”
“ makes me feel proud”
Who is Gen Y?
How big is it?
What “turns their crank?”
How do they define success?
Questions / discussion
Stop & Review
Generations as Employees
Workplace Background
50% of largest U.S. companies will lose 50% of their senior managers in next five years
By 2010, the U.S. will face a shortage of 10 million workers
“ Ag” graduation rate decreasing 3% yearly
Generations in Work Force 60% of employers report some “generational tension”
Technology Questions
So, what is your iPod policy? What about IM?
How are you integrating mailing lists into your communication discussion groups?
How often do you check out blogs that discuss your organization or cause?
Can I donate to your organization online with my credit card?
Huh?
Technology Questions
How do I get access to the Internet?
I’m not comfortable around computers, so can you please mail me the information about your services?
Why don’t you have a real person answer the phone during business hours?
I don’t have a (don’t like) credit card(s) … can I write you a check?
These are tech questions too … and just as important as the first set.
Key Characteristics
Boomers
Priority on career
Sacrifice family for work
Hard workers
Loyalty to company
“ Panic” re retirement
Gen X Hard work Using technology Prefers cash & salary Wants some fun Loyal to profession Gen Y Contact with supervisor Make a difference Work in teams State-of-art tech stuff Be at top now Frequent feedback & training
Recruiting
Gen Y
Start early – internships
Web site very important
Recruit through peers
Engage with videos
Recruit via Internet
Appeal to desire to learn
Sell via flexible scheduling
Highlight paid training
Gen X Avoid hype Offer money & stock Web site important Appeal to desire to learn Highlight paid training & skill development 48% look in local paper 76% get news online 59% use Net for search
Retaining
Gen Y
83% want flexibility
73% motivated by salary
58% want pathway to personal growth
Work-life balance
Frequent feedback
Access to managers
Social interaction at work
Gen X Compensation Access to managers Work “with” not “for” Weekly feedback Health/medical benefits Given desired outcome & then turned loose Training (live/computer)
Gen Y workers want a job that lets them exercise personal values and beliefs
Causes Click
62% want to work for companies that give them a chance to use their skills to help a nonprofit.
What Generations are in the work place?
How do we learn to work together?
What “turns their crank” about work?
How do we recruit & retain staff from differing generations?
Questions / discussion
Stop & Review
Generations as Consumers & Media Users
Consuming Habits
Hobbies & Interests
Gen Y’s Use of Time
Association Membership
What Some Are Doing
Media Usage and Multi-Tasking % Time Shared 30 40 34 43 27 42 12 6 24 9 7 Mean Hours per Week Browsing/Surfing the Internet Watching television Talking on the phone Listening to the radio E-mail and instant messaging Listening to CDs/DVDs Watching videos/DVDs Reading books for school or work Listening to/record music online Reading magazines Reading newspapers
Survey Says … 1. Do you subscribe to a daily newspaper? Yes - 48%
2. Use of Media for Information
Survey Says …
Survey Says … 3: Have you ever visited Craig’s List
Survey Says … 4: How often do you visit YouTube
Survey Says … 5. Tells us about Facebook and MySpace Profile on one or both
How to Reach Diverse Audiences?
Boomers
Xs & Ys
Printed
Electronic
Snail Mail
Newspapers
Newsletters
Conferences
Face-to-face meetings
Telephone
E-mail
Online news, blogs, pod casts
E-letters
Video conferences
Webinars
Texting
Cause Marketing
Corporate Sponsorship :
Company trying to reach your members
Message: buy from me because we support your
industry
Cause-Marketing :
Company trying to reach your members’ customers or
society in general
Message: together we can do something good “for
society ”
Cause Marketing Examples
American Express: Statue of Liberty
FedEx: Trees for Troops
Habitat for Humanity
Cook for the Cure
Return the Warmth
Boost Mobile Rock Corps
Impact of Cause Marketing
Likelihood to switch brands = 87%
Proud of my company’s values = 87%
Purchased a product = 36%
Told a friend or family member = 30%
Source: Cone Inc.
Trees for Troops: Reach & Impact
14.2 MILLION households said they saw, read or heard about Trees for Troops
1.9 MILLION households said T4T “influenced” their decision to purchase a farm-grown tree in 2007
Discussion
Cross Generational Work & Communications
As colleagues
As employees
As communications to customers / prospects
26% of the U.S. population
15% of the U.S. workforce
$200+ billion in annual spending power
… and growing rapidly
That’s Y
Acknowledgement & Sources
Much of this information provided by NCTA from research conducted by Market Directions Inc.
Gen Y Information Sources :
Market Directions … www.marketdirections.com
NCTA / Drake & Company … www.drakeco.com
Generation WHY … www.generationwhy.com
Beloit College … www.beloit.edu (Mindset List)
NAS Insights … Recruiting & Managing the Generations
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