Millennials are here to stay!
Generation Y in the workforce today




                      CONFIDENTIAL
50%
…of the workforce are Millennials




                                    2
What’s the difference?

          vs.




                         3
Everything!

              4
Millennials grew up in a

  tech-savvy world with
everything at their fingertips.


                                  5
Life Online




              6
Constant
Communication




                7
Social Networks




                  8
Virtual Rewards




                  9
We want recognition
 more than money




                      10
Time for a change
 Management methods need to adapt




                                11
“Meaning is
the new money.”




                  12
What motivates millennials:
“Am I continuing to learn & grow?”




                                13
We learn and grown through:
1 Social collaboration
2 Ongoing feedback
3 Public recognition



                            ...
“Ditch the org chart...
   build an influence chart.”




                            15
What can you do for Gen Y?
                  4 ideas…



                         16
1. Get rid of the performance review




Traditional performance reviews
 don’t help us motivate or learn

“Get Rid of the...
2. Be a coach



       Employees want
  frequent ongoing coaching

       “The performance review should be replaced
    ...
3. Give public recognition



      It motivates and
     amplifies learning
        Praise from managers, leadership atte...
4. Ongoing feedback



    Difficult answers are the
          best insights
       “One tool that can satisfy the thirst ...
Summary
1.  Millennials are growing up quickly and
   account for almost half the workforce today.
2.  We want recognition...
Some links to check out
Mentoring Millennials
http://hbr.org/2010/05/mentoring-millennials/ar/1

Millennials: a New Genera...
"This is a generation to be reckoned with.
They are going to overtake the country.”
                                      ...
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Gen Y in the Workplace Today

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The global workforce is undergoing a huge shift. The net generation, Gen Y, is growing up quickly and account for almost half the workforce already. According to an HBR article, in four years Millennials – the people born between 1977 and 1997 – will account for nearly half the employees in the world. In some companies, they already do!

Organizations that engage Millennials will get ahead. The net generation wants to learn and grow and they're not afraid to ask for it. Now that we know that something has to change, ask yourself: what are you going to do for them?

4 ways to keep Millennials engaged:
1. Get rid of the performance review.
2. Be a coach.
3. Give recognition.
4. Share ongoing feedback.

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Gen Y in the Workplace Today

  1. 1. Millennials are here to stay! Generation Y in the workforce today CONFIDENTIAL
  2. 2. 50% …of the workforce are Millennials 2
  3. 3. What’s the difference? vs. 3
  4. 4. Everything! 4
  5. 5. Millennials grew up in a tech-savvy world with everything at their fingertips. 5
  6. 6. Life Online 6
  7. 7. Constant Communication 7
  8. 8. Social Networks 8
  9. 9. Virtual Rewards 9
  10. 10. We want recognition more than money 10
  11. 11. Time for a change Management methods need to adapt 11
  12. 12. “Meaning is the new money.” 12
  13. 13. What motivates millennials: “Am I continuing to learn & grow?” 13
  14. 14. We learn and grown through: 1 Social collaboration 2 Ongoing feedback 3 Public recognition 14
  15. 15. “Ditch the org chart... build an influence chart.” 15
  16. 16. What can you do for Gen Y? 4 ideas… 16
  17. 17. 1. Get rid of the performance review Traditional performance reviews don’t help us motivate or learn “Get Rid of the Performance Review! It destroys morale, kills teamwork and hurts the bottom line.” 17
  18. 18. 2. Be a coach Employees want frequent ongoing coaching “The performance review should be replaced by daily ongoing contact with managers who know the work and who can become coaches.” 18
  19. 19. 3. Give public recognition It motivates and amplifies learning Praise from managers, leadership attention, and project leadership are more effective motivators than financial incentives. 19
  20. 20. 4. Ongoing feedback Difficult answers are the best insights “One tool that can satisfy the thirst for guidance with minimal resources is microfeedback. Think of it as performance assessment for Twitterholics— succinct and nearly real time.” 20
  21. 21. Summary 1.  Millennials are growing up quickly and account for almost half the workforce today. 2.  We want recognition more than money 3.  Time for a change 4.  We are here to stay 21
  22. 22. Some links to check out Mentoring Millennials http://hbr.org/2010/05/mentoring-millennials/ar/1 Millennials: a New Generation in the Workforce http://findarticles.com/p/articles/mi_m0FXS/is_3_80/ai_71836857/ Let’s get personal: 3 reasons why performance reviews don’t work http://blog.rypple.com/2010/08/lets-get-personal-3-reasons-why-performance- reviews-dont-work/ Yes, Everyone Really Does Hate Performance Reviews http://online.wsj.com/article/SB127093422486175363.html Motivating people: Getting beyond money http://www.mckinseyquarterly.com/Organization/Talent/ Motivating_people_Getting_beyond_money_2460 22
  23. 23. "This is a generation to be reckoned with. They are going to overtake the country.” David Spangler Director of Market Research, Levi’s Jeans 23
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