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Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
Gen Y - Changing the Rules of the Game?
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Gen Y - Changing the Rules of the Game?

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Gen Y, the latest entrant in the multi-generational workforce, is a unique group. They are young, ambitious and dynamic; but their value systems at work are quite different from the other …

Gen Y, the latest entrant in the multi-generational workforce, is a unique group. They are young, ambitious and dynamic; but their value systems at work are quite different from the other generations.

This new breed of socially connected professionals with multiple interests can (and probably will!) bring about a radical change in the work cultures of companies.

The big challenge facing organisations is not only building better working relations between the different generations, but also engaging Gen Y effectively to bring about a new and positive work culture that benefits everyone.

This presentation looks at the Gen Y workforce in Singapore and gives a few insights on which areas companies should be looking at for effective engagement with Gen Y.

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Transcript

  • 1. Gen Y: Changing the rules of the game? 2 Aug 2013 PMG Meeting, Singapore
  • 2. Let’s first understand the multi-generational work force
  • 3. Traditionalists (Born before 1946)
  • 4. Baby boomers (Born between 1946 and 1964)
  • 5. Gen X (Born between 1965 and 1980)
  • 6. Gen Y (Born after 1980)
  • 7. Traditionalists Baby Boomers Gen X Gen Y
  • 8. Traditionalists Baby Boomers Gen X Gen Y
  • 9. Traditionalists Baby Boomers Gen X Gen Y
  • 10. Traditionalists Baby Boomers Gen X Gen Y
  • 11. Traditionalists Baby Boomers Gen X Gen Y
  • 12. Traditionalists Baby Boomers Gen X Gen Y
  • 13. Traditionalists Baby Boomers Gen X Gen Y
  • 14. Traditionalists Baby Boomers Gen X Gen Y
  • 15. Traditionalists Baby Boomers Gen X Gen Y
  • 16. Traditionalists Baby Boomers Gen X Gen Y “i”
  • 17. Traditionalists Baby Boomers Gen X Gen Y
  • 18. Traditionalists Baby Boomers Gen X Gen Y
  • 19. Traditionalists Baby Boomers Gen X Gen Y
  • 20. Traditionalists Baby Boomers Gen X Gen Y
  • 21. Traditionalists Baby Boomers Gen X Gen Y
  • 22. Talented Purpose driven Social Mobile Tech-savvy
  • 23. But if you ask the older generations…
  • 24. High expectations Don’t care about work Instant gratification Cryptic messages Job hoppers
  • 25. “Is this a language or what?” PLZ L8R OMG LOL BRB ?4U ROTFL
  • 26. “Is this a language or what?” Laugh Out Loud Be Right Back Oh My God! PLease LateR Question for yoU Rolling On The Floor Laughing
  • 27. But, are they misunderstood?
  • 28. Highly adaptable to change
  • 29. Value flexibility and want work/life integration
  • 30. Desire a fun, collaborative and challenging work culture
  • 31. Gen Y prefers relationship-oriented leaders Source: “‘Y’ Are They Different? – A Study Of Gen Y at Work, Their Views And How They Are Viewed”; A joint research report by The GMP Group & Temasek Polytechnic
  • 32. Career and personal development opportunities are key motivators
  • 33. Let’s take a look at the Singaporean workforce…
  • 34. 60% 2012 The Singaporean Workforce Gen X or Y Source: “Harnessing The Potential of Singapore’s Multi-Generational Workforce”; Commissioned by the Tripartite Alliance for Fair Employment Practices (TAFEP)
  • 35. 75% By 2025 The Singaporean Workforce Gen X or Y Source: “Harnessing The Potential of Singapore’s Multi-Generational Workforce”; Commissioned by the Tripartite Alliance for Fair Employment Practices (TAFEP)
  • 36. Now, let’s take a look at the global manufacturing industry…
  • 37. Aging workforce Shortage of high- skilled workers Manufacturing doesn’t have a great image in the mind of younger workers Other industries offer more attractive alternatives for talented young people
  • 38. Increased productivity More complex jobs More high-skilled people are required! The Talent Paradox
  • 39. What does all this mean for the industry? Multi- generational workforce Manufacturing industry challenges Changing demographic landscape
  • 40. You cannot ignore the tsunami on its way…
  • 41. Gen-Y and younger generations will form the majority of the working population in the near future “Common sense” will get re-calibrated!
  • 42. What challenges does this throw up for the industry?
  • 43. Bridging the present… How do you deal with a multi-generational work force that finds it difficult to deal with each other? How do you align the differing values into the work culture?
  • 44. … and the future How do you recruit and retain a generation of people whose loyalty to the organization is questionable?
  • 45. Here are some things that you can do…
  • 46. Build a sense of purpose and meaning in work Encourage mentoring
  • 47. Review and adjust communication styles Recognition with frequent positive feedback
  • 48. Raise supervisor awareness… and capability! Understand and appreciate the values of the incoming generation
  • 49. Embrace flexibility Learning (for all round development) Work timings Work location … …
  • 50. Provide open social networks with honest communication
  • 51. And if you succeed…
  • 52. Becomes…
  • 53. A presentation by Saurabh Anand Accord Business Solutions Pte. Ltd. 146 Robinson Road, #07-01, Singapore 068909 Phone: +65 9298 9590 Singapore | India | UAE www.accordsingapore.com.sg | saurabh@accordsingapore.com.sg

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