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Presented by Crystal Olig
& Dave Baldwin
for MT Business
Technologies
June 4, 2012
HELLO THERE!
Crystal Olig
Account Services Manager, Oxiem Interactive
Blogger, Digital Marketer, Dog Lover, Husker Fan, Wife & Mom-to-Be
colig@oxiem.com
@whYgenY on Twitter
whYgenY.wordpress.com


More:
Professional digital marketing resume and portfolio: http://visualcv.com/crystalolig
LinkedIn: http://www.linkedin.com/in/crystalaolig
Brazen Careerist: http://www.brazencareerist.com/profile/crystal-olig


Find this presentation online at: slideshare.net/crystalaolig
BACKGROUND
Past Speaking Engagements:
•    Panelist, Phoenix Public Relations Society of America, Seminar on “What’s Next for 2009” (January 2009)
•    Selected as featured blog author, Brazen Careerist Blog, Multiple topics & posts (2009/2010)
•    Speaker, Denison University, Presentation on “Gen Y-ers Who Get It” (April 2010)
•    Speaker & Panelist, Columbus Young Professionals Conference, “Personal Branding for Gen-Y” (April 2010)
•    Speaker, 28th Annual Entrepreneurship Education FORUM with Rick Coplin, “Teaching Entrepreneurship to a
     Digital Generation” (November 2010)
•    Panelist, Ohio Growth Summit, “Understanding the Natives, Looking at the Web from a Gen Y Lens” (June
     2011)
Other appearances on the topic of changing technology and marketing:
•    Education Marketing Online: Social Media, Search Marketing & Websites
•    Online Education and Marketing in Schools
•    Does Your Website Stink?
•    Search Engine Marketing Workshop: The Basics of SEO & SEM
•    Basics of Web Marketing for Small & Local Businesses – Reynoldsburg Chamber
HELLO THERE!

Agenda
•  Who are the Millenials?    Breakouts:

•  Gen Y Facts & Figures      •  Virtual panel

•  Organizational Change is   •  Quiz & Assessments
   in the Water               •  Discussion
•  Office of the Future       •  Mind Map
•  Human Resources
•  Managerial Skills
“Gotta keep learning. Gotta keep moving. All
the stuff you’ve forgotten, I’ll never have to
know. Half the stuff you remember, I’ll never
have to know. That just means I’m way past
halfway to catching up to you.

It’s the obsolescence cure getting steeper and
steeper. It makes it a whole lot easier for a guy
my age to catch up to the more experienced
people.”
Not Everyone Gets a Trophy: How to Manage Gen Y by Bruce
Tulgan
Q. How Millenial
    Are You?
 Take the quiz.
HOW MILLENNIAL ARE YOU?




             Credit: Pew Research Center, 2010
HOW MILLENNIAL ARE YOU?




             Credit: Pew Research Center, 2010
GEN Y PERSPECTIVES
I am…
•    connected professionally to more than 500 people on Linked In
•    more likely to have your e-mail than your phone number
•    friends with more than 900 people on Facebook
•    a second language-speaker
•    a college graduate
•    six jobs into my career
•    a laid-off worker
•    a digital native
•    a DIYer
GEN Y PERSPECTIVES
•    38% have tattoos
•    75% have a social profile
•    50% favor gay marriage
•    64% believe in God
•    37% are unemployed or out of the labor force
•    41% have a full time job
•    1/3 are receiving finanical assistance from their families
•    13% of 22- to 29-year-olds have moved in with their parents after living on their own

Study of the 50 million Millenials 18 or older by the Pew Research Center, 2010
GEN Y TRANSLATOR
WORD       DEFINITION   DEFINITION EXAMPLE USAGE
!!!!!
@
*action*

#fail
Aight
b4
brb
BTW
LOL
LMAO
TTYL
GEN Y TRANSLATOR
WORD              DEFINITION              EXAMPLE USAGE
!!!!!             So amazing! Wow         Puppies!!!
@                 At                      I’m @ the pool.
*action*          Right now I’m doing
           this                           *hug*
#fail             That did not go well.   Fell down stairs. #fail
Aight             Alight                  “Do you want to go?”/ “Aight”
b4                Before                  Call you b4 I leave
brb               Be Right Back           Got a call. BRB.
BTW               By The Way              BTW, she was late today.
LOL               Laugh Out Lout
                                          He did what?! LOL!
LMAO              Laughing My @$$ off
                                          I can’t believe he said that. LMAO.
TTYL              Talk to You Later
                                          Gotta go, TTYL.
OMG               Oh My Gosh/God!
                                          OMG, what happened?




                               ZOMG, WOOT, ROTFLCOPTER,
                               TOMOZ, REDONKULOUS
GENERATIONS TODAY
•    Greatest Generation pre-1928
•    Silent Generation children of the Depression
•    Baby Boomers the hippie kids
•    Gen X the latchkey kids
•    Gen Y or Millenials the trophy kids: 60 – 70
•    Gen Z or Tweens the alpha kids
GENERATIONS TODAY




             Credit: Iconoculture, Generations At Work,
             Robinson & Elfering
Millenials are the most socially and
diversely tolerant generation ever,
the most educated and
technologically savvy generation
ever, and also the most sheltered &
structured generation in our
country’s history.
Managing the Millenials
NEGATIVE PERCEPTIONS
Millenials…
•    are entitled
•    are needy
•    are disrespectful
•    are unmotivated
•    are disloyal
•    have short attention spans
•    have helicopter parents
•    want a trophy just for showing up
1 in 3 is not Causasian. 1 in 4
comes from a single-parent home.
3 in 4 have working mothers; and
in two parent homes, children get
more time with their parents than
they did 25 years ago.
Managing the Millenials
GEN Y PERSPECTIVES




             Credit: Pew Research Center, 2010
GEN Y EXPECTATIONS




             Credit: “Chasing the American Dream: Recent
             College Graduates and the Great Recession,”
             Heldrich Center for Workforce Development. via
             NYTimes.com, Economix blog
RECESSION IMPACT
The next pay gap? Generation, not gender.
•    40% of Millenials have been at their jobs less than 12
     months
•    Pay increases dropped from 3.5% in 2009 to 1/9% in 2010
•    20% of Millenials have seen at least one pay cut since 2008.
•    14% suffered a layoff (compared to 8% of Boomers)




                             Credit: Forbes, January 5, 2011
Millenials move in.
Gen Xers move up.
Boomers move beyond (a little later
than planned)
The collision of generations creates tension, and opportunity…
and everyone has to adjust
REVERSE AGEISM
What is it?
Ageism, or age discrimination is stereotyping and discriminating against individuals
or groups because of their age. It is a set of beliefs, attitudes, norms, and values
used to justify age based prejudice, discrimination, and subordination.


What to avoid:
•    Asking someone his or her age
•    Questions like, “Do you even know what a fax machine is?”
•    How long have you been doing this? I need to talk to someone experienced.
•    “You probably don’t remember this but…”
•    Outdated cultural references. i.e. Laugh-in = Saturday Night Live, American
     Bandstand = American Idol, The Johnny Carson Show = Jay, Letterman or Conan
GENERATIONS AT WORK
Key Points of Tension:
•    Technology
•    Communication
•    Definitions of success
•    Space and (my) place




                              “When managers properly identify the points of
                              tension, disconnects can be reframes as
                              opportunities to connect and build trust.”

                              Managing the Millenials, Espinoza et al
GENERATIONS AT WORK

 Gen Y        Gen X   Boomers
TECHNOLOGY BY GENERATION
•    GEN Y: Technology is everything
•    GEN X: Technology keeps work & personal separate
•    BOOMERS: Technology is work
TECHNOLOGY BY GENERATION
TECHNOLOGY BY GENERATION


                 BOOMERS




                  GEN X




                  GEN Y
Two-thirds of all Boomers agree that PDA and mobile
phones contribute to the decline of proper workplace
etiquette. Less than half of Gen Y workers agree.

Only 17% of Boomers believe using laptops or PDAs
during in-person meetings is “efficient” while more
than one-third of Gen Y do.

Only 28% of Boomers think blogging about work-
related issues is acceptable, while 40% of Millenial
workers do.

LexisNexis survey, ReadWriteWeb, April 24, 2009
TECHNOLOGY POINTERS
•     Recognize and encourage experimenting with new tools when the situation allows
•     Locking down social media rarely succeeds and can backfire – using it well at a
      corporate level is more effective
•     Don’t deflate by complimenting technology instead of the person
•     Utilize modern technology like smart phones, tablet computers, useful systems
•      Check out:
     •  Google products – chat, drive, Google +
     •  Yammer – internal network
     •  Skype
TECHNOLOGY EXPECTATIONS
A recent Accenture survey indicates that Millennials:
•      Increasingly choose their employer based on access to leading technology.
•      Prefer to choose the computer, mobile device and applications they use at
     work.
•      Express disappointment with the quality of employer-provided emerging
     technologies.
•      Favor text messaging or instant messaging over e-mail.
•      Routinely bypass corporate approval procedures when using devices and
     applications.
•      Regularly download nonstandard technologies not available at work.
•      Exhibit different notions of online privacy than older workers.




                                   Global Research on Millennials’ Use of
                                   Technology, Accenture, Link
TECHNOLOGY EXPECTATIONS
•    Company cell phone
•    “I can get to everything I need online” – cloud computing, virtual networks
•    Laptop or up-to-date computer (within 5 years)
•    Ability to install & try programs
•    Instant tools like IM, chat
•    Latest programs to accomplish the job
•    Up-to-date versions of Microsoft products
•    Open & flexible work/project spaces
TECHNOLOGY OPPORTUNITIES
•      How to organize and manage information, including:
     •  Email
     •  Files
     •  Data

•  Supplements to the on-paper world:
   •  Cloud drives
   •  Virtual networks
   •  Print-to-file
   •  Virtual signatures
   •  Document collaboration
“At least 50% of executives in the
U.S. will be eligible to retire in the
next 5 years. You might think, ‘Well,
that’s ok, we’ll just let the people in
the next positions take their place.’
The problem is that the people in
the 2nd, 3rd and 4th positions are
also Baby Boomers, and they are
going to be retiring too,”
Managing the Millenials
GETTING GEN Y THROUGH THE DOOR
Hiring & Recruiting
•     Share the “soft” stuff – tell future employees what the real day-to-day is life
•     Remember, you are being interviewed too
•     Bring some salesmanship to the table – why do you love to work here?
•     Allow for trial periods or testing during hiring process
•     But, never ever B.S. Gen Y sees straight through it.
•     Don’t overpromise.
•      Create a few key Gen Y friendly talking points:
     •  Flex time
     •  Cool office space
     •  Freedom to pursue personal projects
     •  Ability to volunteer on company time – CSR is important
KEEPING GEN Y
Training & Retaining
•       Building a Millenial-friendly culture
      •  Identify your all-star managers and give them a platform
      •  Involve your managers in the conversation
      •  Ask the Millenials
•    Create a mentorship program
•    Actively participate in career-growth planning
•    Commit to regular and fair performance assesments
•    Create a full circle of feedback
•    Make sure your website and other elements of online presence are up-to-date and
     reflective of corporate mission & culture
WHAT MILLENIALS WANT AT WORK
•  Flexibility: Schedule, process, expectations
•  Freedom: To negotiate job description, management’s recognition that they
   have a life outside of work
•  Incenting: Create incentives 20somethings value, clearly and thoroughly state
   desired outcomes and expectations and provide timely and fair assessment of
   their performance
•  Rewards: Incremental & long-term
•  Relationships: Be empathetic, get closer in proximity, be curious about each
   other, grow them
Nearly three-quarters (72%) of
hiring managers said managing
mutigenerational work teams
poses a challenge.

But more than one-third of workers
polled felt having a group of
employees at different experience
levels increases productivity.
Robert Half study, July 14, 2010
GENERATIONS AT WORK: MOTIVATION
Incenting that Millenials Like:
•    Performance-based compensation
•    Praise– personal, written, electronic, public
•    Support & involvement
•    Autonomy & authority
•    Flexible working hours
•    Learning & development opportunities
•    Manager availability & time




                                    Credit: The Management Bible, Bob Nelson &
                                    Peter Economy
GENERATIONS AT WORK: MOTIVATION
Non-Monetary Considerations
•    Performance-based compensation
•    Flexible schedules, location
•    Marketable skills – both formal and information training
•    Access to decisions makers
•    Personal credit for results achieved
•    Clear area of responsibility
•    Chance for creative expression




                                    ON COMPANY LOYALTY:
                                    “In this way, you are searching for a company
                                    that deserves your loyalty. It’s brand will be in
                                    line with the image you have of yourself.”
GENERATIONS AT WORK: FEEDBACK
Dealing with Gen Y’s Preoccupation with Feedback:
•  Clearly state the process for decision making
•  Ask them what they expect to receive for participating
•    Communicate what you expect from them
•    Use “what if” scenarios
   •  What if I don’t take your advice
   •  What if I make a decision you don’t like?
•  When you are close to a decision, increase communication
•      Always have a debriefing meeting to discuss the decision that was made
     •  Identify the contribution of each team member
     •  Ask them what they learned from the process
     •  Tell them what you learned from the process
     •  Explain how you came to a final decision




                                     Credit: Managing the Millenials
“Suspend the bias of your own
experience”
Managing the Millenials
MANAGERIAL ADAPTATION & GROWTH
Perspective     The Effective Managers    The Challenged
                                          Managers
Adaptability    Talked about their own    Others need to change
                need to manage in         to make it in the real
                today’s world             world
Self-Efficacy   Believed they could do    Believed there was
                something                 nothing to do about it
Confidence      Allowed subordinates to   Sanctioned or punished
                challenge                 challengers
Power           Used the power of         Only power felt was
                relationship              positional authority
Energy          Working with              Working with
                20somethings made to      20somethings made to
                feel younger              feel older
Success         Saw themselves as key     Saw the 20somethings
                to 20somethings           as an impediment to
                success                   own success
“Quite frankly, there is an
unrealized expectation that
experience and position should
count for something in the eyes of
their subordinates,”
Managing the Millenials
MANAGERIAL ADAPTATION & GROWTH
Perceived Orientation   Millenial Intrinsic Value   Required Managerial
                                                    Competency
Autonomous              Work-life balance           Flexing
Entitled                Reward                      Incenting
Imaginative             Self-expression             Cultivating
Self-absorbed           Attention                   Engaging
Defensive               Achievement                 Disarming
Abrasive                Informality                 Self-differentiating
Myopic                  Simplicity                  Broadening
Unfocused               Multitasking                Directing
Indifferent             Meaning                     Motivating
DISCUSSION
§  What facts of information surprised you the most or contradicted your current
    thinking?
§  Do you think MT as an organization is attractive to young people as a potential
    employer?
§  Do you see any connection between this information and MT's productivity,
    employee relations, and performance assessments?
§  Do you see any connection between this information and MT's opportunity to attract
    new younger customers?
§  What information do you still need to guide changes at MT (re: staff and customers)
    re: Millenials?
FILL YOUR MIND
•    Not Everyone Gets a Trophy by Bruce Tulgan
•    The Trophy Kids Grow Up by Ron Alsop
•    Managing the Millennials: Discover the Core Competencies for Managing Today's
     Workforce
•    Brazen Careerist.com
•    GenNext Free Study (registration required)
•    http://www.redtreeleadership.com/millennials/FreeGRI.php
•    http://www.pewsocialtrends.org/series/the-millennial-generation/

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Generations At Work

  • 1. Presented by Crystal Olig & Dave Baldwin for MT Business Technologies June 4, 2012
  • 2. HELLO THERE! Crystal Olig Account Services Manager, Oxiem Interactive Blogger, Digital Marketer, Dog Lover, Husker Fan, Wife & Mom-to-Be colig@oxiem.com @whYgenY on Twitter whYgenY.wordpress.com More: Professional digital marketing resume and portfolio: http://visualcv.com/crystalolig LinkedIn: http://www.linkedin.com/in/crystalaolig Brazen Careerist: http://www.brazencareerist.com/profile/crystal-olig Find this presentation online at: slideshare.net/crystalaolig
  • 3. BACKGROUND Past Speaking Engagements: •  Panelist, Phoenix Public Relations Society of America, Seminar on “What’s Next for 2009” (January 2009) •  Selected as featured blog author, Brazen Careerist Blog, Multiple topics & posts (2009/2010) •  Speaker, Denison University, Presentation on “Gen Y-ers Who Get It” (April 2010) •  Speaker & Panelist, Columbus Young Professionals Conference, “Personal Branding for Gen-Y” (April 2010) •  Speaker, 28th Annual Entrepreneurship Education FORUM with Rick Coplin, “Teaching Entrepreneurship to a Digital Generation” (November 2010) •  Panelist, Ohio Growth Summit, “Understanding the Natives, Looking at the Web from a Gen Y Lens” (June 2011) Other appearances on the topic of changing technology and marketing: •  Education Marketing Online: Social Media, Search Marketing & Websites •  Online Education and Marketing in Schools •  Does Your Website Stink? •  Search Engine Marketing Workshop: The Basics of SEO & SEM •  Basics of Web Marketing for Small & Local Businesses – Reynoldsburg Chamber
  • 4. HELLO THERE! Agenda •  Who are the Millenials? Breakouts: •  Gen Y Facts & Figures •  Virtual panel •  Organizational Change is •  Quiz & Assessments in the Water •  Discussion •  Office of the Future •  Mind Map •  Human Resources •  Managerial Skills
  • 5. “Gotta keep learning. Gotta keep moving. All the stuff you’ve forgotten, I’ll never have to know. Half the stuff you remember, I’ll never have to know. That just means I’m way past halfway to catching up to you. It’s the obsolescence cure getting steeper and steeper. It makes it a whole lot easier for a guy my age to catch up to the more experienced people.” Not Everyone Gets a Trophy: How to Manage Gen Y by Bruce Tulgan
  • 6. Q. How Millenial Are You? Take the quiz.
  • 7. HOW MILLENNIAL ARE YOU? Credit: Pew Research Center, 2010
  • 8. HOW MILLENNIAL ARE YOU? Credit: Pew Research Center, 2010
  • 9. GEN Y PERSPECTIVES I am… •  connected professionally to more than 500 people on Linked In •  more likely to have your e-mail than your phone number •  friends with more than 900 people on Facebook •  a second language-speaker •  a college graduate •  six jobs into my career •  a laid-off worker •  a digital native •  a DIYer
  • 10.
  • 11. GEN Y PERSPECTIVES •  38% have tattoos •  75% have a social profile •  50% favor gay marriage •  64% believe in God •  37% are unemployed or out of the labor force •  41% have a full time job •  1/3 are receiving finanical assistance from their families •  13% of 22- to 29-year-olds have moved in with their parents after living on their own Study of the 50 million Millenials 18 or older by the Pew Research Center, 2010
  • 12.
  • 13. GEN Y TRANSLATOR WORD DEFINITION DEFINITION EXAMPLE USAGE !!!!! @ *action* #fail Aight b4 brb BTW LOL LMAO TTYL
  • 14. GEN Y TRANSLATOR WORD DEFINITION EXAMPLE USAGE !!!!! So amazing! Wow Puppies!!! @ At I’m @ the pool. *action* Right now I’m doing this *hug* #fail That did not go well. Fell down stairs. #fail Aight Alight “Do you want to go?”/ “Aight” b4 Before Call you b4 I leave brb Be Right Back Got a call. BRB. BTW By The Way BTW, she was late today. LOL Laugh Out Lout He did what?! LOL! LMAO Laughing My @$$ off I can’t believe he said that. LMAO. TTYL Talk to You Later Gotta go, TTYL. OMG Oh My Gosh/God! OMG, what happened? ZOMG, WOOT, ROTFLCOPTER, TOMOZ, REDONKULOUS
  • 15. GENERATIONS TODAY •  Greatest Generation pre-1928 •  Silent Generation children of the Depression •  Baby Boomers the hippie kids •  Gen X the latchkey kids •  Gen Y or Millenials the trophy kids: 60 – 70 •  Gen Z or Tweens the alpha kids
  • 16. GENERATIONS TODAY Credit: Iconoculture, Generations At Work, Robinson & Elfering
  • 17. Millenials are the most socially and diversely tolerant generation ever, the most educated and technologically savvy generation ever, and also the most sheltered & structured generation in our country’s history. Managing the Millenials
  • 18. NEGATIVE PERCEPTIONS Millenials… •  are entitled •  are needy •  are disrespectful •  are unmotivated •  are disloyal •  have short attention spans •  have helicopter parents •  want a trophy just for showing up
  • 19. 1 in 3 is not Causasian. 1 in 4 comes from a single-parent home. 3 in 4 have working mothers; and in two parent homes, children get more time with their parents than they did 25 years ago. Managing the Millenials
  • 20. GEN Y PERSPECTIVES Credit: Pew Research Center, 2010
  • 21. GEN Y EXPECTATIONS Credit: “Chasing the American Dream: Recent College Graduates and the Great Recession,” Heldrich Center for Workforce Development. via NYTimes.com, Economix blog
  • 22. RECESSION IMPACT The next pay gap? Generation, not gender. •  40% of Millenials have been at their jobs less than 12 months •  Pay increases dropped from 3.5% in 2009 to 1/9% in 2010 •  20% of Millenials have seen at least one pay cut since 2008. •  14% suffered a layoff (compared to 8% of Boomers) Credit: Forbes, January 5, 2011
  • 23.
  • 24.
  • 25. Millenials move in. Gen Xers move up. Boomers move beyond (a little later than planned) The collision of generations creates tension, and opportunity… and everyone has to adjust
  • 26. REVERSE AGEISM What is it? Ageism, or age discrimination is stereotyping and discriminating against individuals or groups because of their age. It is a set of beliefs, attitudes, norms, and values used to justify age based prejudice, discrimination, and subordination. What to avoid: •  Asking someone his or her age •  Questions like, “Do you even know what a fax machine is?” •  How long have you been doing this? I need to talk to someone experienced. •  “You probably don’t remember this but…” •  Outdated cultural references. i.e. Laugh-in = Saturday Night Live, American Bandstand = American Idol, The Johnny Carson Show = Jay, Letterman or Conan
  • 27. GENERATIONS AT WORK Key Points of Tension: •  Technology •  Communication •  Definitions of success •  Space and (my) place “When managers properly identify the points of tension, disconnects can be reframes as opportunities to connect and build trust.” Managing the Millenials, Espinoza et al
  • 28. GENERATIONS AT WORK Gen Y Gen X Boomers
  • 29.
  • 30. TECHNOLOGY BY GENERATION •  GEN Y: Technology is everything •  GEN X: Technology keeps work & personal separate •  BOOMERS: Technology is work
  • 32. TECHNOLOGY BY GENERATION BOOMERS GEN X GEN Y
  • 33. Two-thirds of all Boomers agree that PDA and mobile phones contribute to the decline of proper workplace etiquette. Less than half of Gen Y workers agree. Only 17% of Boomers believe using laptops or PDAs during in-person meetings is “efficient” while more than one-third of Gen Y do. Only 28% of Boomers think blogging about work- related issues is acceptable, while 40% of Millenial workers do. LexisNexis survey, ReadWriteWeb, April 24, 2009
  • 34. TECHNOLOGY POINTERS •  Recognize and encourage experimenting with new tools when the situation allows •  Locking down social media rarely succeeds and can backfire – using it well at a corporate level is more effective •  Don’t deflate by complimenting technology instead of the person •  Utilize modern technology like smart phones, tablet computers, useful systems •  Check out: •  Google products – chat, drive, Google + •  Yammer – internal network •  Skype
  • 35. TECHNOLOGY EXPECTATIONS A recent Accenture survey indicates that Millennials: •  Increasingly choose their employer based on access to leading technology. •  Prefer to choose the computer, mobile device and applications they use at work. •  Express disappointment with the quality of employer-provided emerging technologies. •  Favor text messaging or instant messaging over e-mail. •  Routinely bypass corporate approval procedures when using devices and applications. •  Regularly download nonstandard technologies not available at work. •  Exhibit different notions of online privacy than older workers. Global Research on Millennials’ Use of Technology, Accenture, Link
  • 36. TECHNOLOGY EXPECTATIONS •  Company cell phone •  “I can get to everything I need online” – cloud computing, virtual networks •  Laptop or up-to-date computer (within 5 years) •  Ability to install & try programs •  Instant tools like IM, chat •  Latest programs to accomplish the job •  Up-to-date versions of Microsoft products •  Open & flexible work/project spaces
  • 37. TECHNOLOGY OPPORTUNITIES •  How to organize and manage information, including: •  Email •  Files •  Data •  Supplements to the on-paper world: •  Cloud drives •  Virtual networks •  Print-to-file •  Virtual signatures •  Document collaboration
  • 38.
  • 39. “At least 50% of executives in the U.S. will be eligible to retire in the next 5 years. You might think, ‘Well, that’s ok, we’ll just let the people in the next positions take their place.’ The problem is that the people in the 2nd, 3rd and 4th positions are also Baby Boomers, and they are going to be retiring too,” Managing the Millenials
  • 40. GETTING GEN Y THROUGH THE DOOR Hiring & Recruiting •  Share the “soft” stuff – tell future employees what the real day-to-day is life •  Remember, you are being interviewed too •  Bring some salesmanship to the table – why do you love to work here? •  Allow for trial periods or testing during hiring process •  But, never ever B.S. Gen Y sees straight through it. •  Don’t overpromise. •  Create a few key Gen Y friendly talking points: •  Flex time •  Cool office space •  Freedom to pursue personal projects •  Ability to volunteer on company time – CSR is important
  • 41. KEEPING GEN Y Training & Retaining •  Building a Millenial-friendly culture •  Identify your all-star managers and give them a platform •  Involve your managers in the conversation •  Ask the Millenials •  Create a mentorship program •  Actively participate in career-growth planning •  Commit to regular and fair performance assesments •  Create a full circle of feedback •  Make sure your website and other elements of online presence are up-to-date and reflective of corporate mission & culture
  • 42. WHAT MILLENIALS WANT AT WORK •  Flexibility: Schedule, process, expectations •  Freedom: To negotiate job description, management’s recognition that they have a life outside of work •  Incenting: Create incentives 20somethings value, clearly and thoroughly state desired outcomes and expectations and provide timely and fair assessment of their performance •  Rewards: Incremental & long-term •  Relationships: Be empathetic, get closer in proximity, be curious about each other, grow them
  • 43.
  • 44. Nearly three-quarters (72%) of hiring managers said managing mutigenerational work teams poses a challenge. But more than one-third of workers polled felt having a group of employees at different experience levels increases productivity. Robert Half study, July 14, 2010
  • 45. GENERATIONS AT WORK: MOTIVATION Incenting that Millenials Like: •  Performance-based compensation •  Praise– personal, written, electronic, public •  Support & involvement •  Autonomy & authority •  Flexible working hours •  Learning & development opportunities •  Manager availability & time Credit: The Management Bible, Bob Nelson & Peter Economy
  • 46. GENERATIONS AT WORK: MOTIVATION Non-Monetary Considerations •  Performance-based compensation •  Flexible schedules, location •  Marketable skills – both formal and information training •  Access to decisions makers •  Personal credit for results achieved •  Clear area of responsibility •  Chance for creative expression ON COMPANY LOYALTY: “In this way, you are searching for a company that deserves your loyalty. It’s brand will be in line with the image you have of yourself.”
  • 47. GENERATIONS AT WORK: FEEDBACK Dealing with Gen Y’s Preoccupation with Feedback: •  Clearly state the process for decision making •  Ask them what they expect to receive for participating •  Communicate what you expect from them •  Use “what if” scenarios •  What if I don’t take your advice •  What if I make a decision you don’t like? •  When you are close to a decision, increase communication •  Always have a debriefing meeting to discuss the decision that was made •  Identify the contribution of each team member •  Ask them what they learned from the process •  Tell them what you learned from the process •  Explain how you came to a final decision Credit: Managing the Millenials
  • 48. “Suspend the bias of your own experience” Managing the Millenials
  • 49. MANAGERIAL ADAPTATION & GROWTH Perspective The Effective Managers The Challenged Managers Adaptability Talked about their own Others need to change need to manage in to make it in the real today’s world world Self-Efficacy Believed they could do Believed there was something nothing to do about it Confidence Allowed subordinates to Sanctioned or punished challenge challengers Power Used the power of Only power felt was relationship positional authority Energy Working with Working with 20somethings made to 20somethings made to feel younger feel older Success Saw themselves as key Saw the 20somethings to 20somethings as an impediment to success own success
  • 50. “Quite frankly, there is an unrealized expectation that experience and position should count for something in the eyes of their subordinates,” Managing the Millenials
  • 51. MANAGERIAL ADAPTATION & GROWTH Perceived Orientation Millenial Intrinsic Value Required Managerial Competency Autonomous Work-life balance Flexing Entitled Reward Incenting Imaginative Self-expression Cultivating Self-absorbed Attention Engaging Defensive Achievement Disarming Abrasive Informality Self-differentiating Myopic Simplicity Broadening Unfocused Multitasking Directing Indifferent Meaning Motivating
  • 52.
  • 53. DISCUSSION §  What facts of information surprised you the most or contradicted your current thinking? §  Do you think MT as an organization is attractive to young people as a potential employer? §  Do you see any connection between this information and MT's productivity, employee relations, and performance assessments? §  Do you see any connection between this information and MT's opportunity to attract new younger customers? §  What information do you still need to guide changes at MT (re: staff and customers) re: Millenials?
  • 54. FILL YOUR MIND •  Not Everyone Gets a Trophy by Bruce Tulgan •  The Trophy Kids Grow Up by Ron Alsop •  Managing the Millennials: Discover the Core Competencies for Managing Today's Workforce •  Brazen Careerist.com •  GenNext Free Study (registration required) •  http://www.redtreeleadership.com/millennials/FreeGRI.php •  http://www.pewsocialtrends.org/series/the-millennial-generation/