June2 lfws frederick_shrm_slides
Upcoming SlideShare
Loading in...5
×
 

June2 lfws frederick_shrm_slides

on

  • 1,115 views

Frderick County SHRM Live First, Work Second slide deck.

Frderick County SHRM Live First, Work Second slide deck.

Statistics

Views

Total Views
1,115
Views on SlideShare
1,115
Embed Views
0

Actions

Likes
0
Downloads
24
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

June2 lfws frederick_shrm_slides June2 lfws frederick_shrm_slides Presentation Transcript

  • Live First, Work Second: Getting Inside the Minds of the Next Generation Molly Foley, Next Generation ConsultingWednesday, June 1, 2011
  • Who is the “Live First, Work Second” next generation? How did we get here?Wednesday, June 1, 2011
  • I must run a dry-cleaning shop so my sons can go to medical and law school, in order that their sons may study sociology and communications, so that their children can run vintage clothing stores, act in avant-garde theatre, and work in coffee shops. Immigrant grandfather in Joseph Epstein’s Snobbery: The American VersionWednesday, June 1, 2011 View slide
  • The next generation’s Live First, Work Second, work ethic is not some out-of- nowhere, cosmic, egotistical self- expression.Wednesday, June 1, 2011 View slide
  • It’s a natural next step in a generation- after-generation progression of economic life in developed societies.Wednesday, June 1, 2011
  • Maslow’s Heirarchy of Needs Millennials Gen X’ers Boomers SilentsWednesday, June 1, 2011
  • Silents, b. 1925-1942 •Turning 69-86 years old in 2011 •Safety Needs •Came of age during Great Depression & WWII •Roosevelt’s “The New Deal” ensured adequate income to secure food, housing, etc.Wednesday, June 1, 2011
  • Silent’s secured “Safety Needs” allowing Baby Boomers to set their sights higher up the hierarchy…Wednesday, June 1, 2011
  • Baby Boomers, b. 1943-1961 •Turning 51-68 years old in 2011 •Belonging Needs •Came of age during Vietnam, Woodstock, MLK •First workaholics, current executives •Most believe young talent should place same importance on work as they doWednesday, June 1, 2011
  • In a Boomer world, everyone belongs. This paved the way for the independent Generation X...this first “next generation”.Wednesday, June 1, 2011
  • Generation X, b. 1962-1981 •Turning 30-49 years old in 2011 •Esteem Needs •First latchkey kids as both parents worked •Value independence and freedom. •Mavericks, go-it-alone mentalityWednesday, June 1, 2011
  • In our communities, Gen Xers fierce independence has caused a dwindling of civic and social clubs - think Rotary. At work, Gen Xers are sometimes more likely to question their leaders than follow them.Wednesday, June 1, 2011
  • Millennials, b. 1982-2001 •Turning 10-29 years old in 2011 •Self-Actualization Needs •Grew up with scheduled activity-after-activity •Strong parent advocacy...”you are special”Wednesday, June 1, 2011
  • To self-actualize, Maslow says: Teach people to be authentic, to be aware of their inner selves and to hear their inner-feeling voices.Wednesday, June 1, 2011
  • To self-actualize, Maslow says: Teach people to be authentic, to be aware of their inner selves and to hear their inner-feeling voices.Wednesday, June 1, 2011
  • To self-actualize, Maslow says: Teach people to transcend their cultural conditioning and become world citizens.Wednesday, June 1, 2011
  • To self-actualize, Maslow says: Teach people to transcend their cultural conditioning and become world citizens.Wednesday, June 1, 2011
  • To self-actualize, Maslow says: We should help people discover their vocations in life, their callings, fates, or destinies. This is especially focused on finding the right career and the right mate.Wednesday, June 1, 2011
  • To self-actualize, Maslow says: We should help people discover their vocations in life, their callings, fates, or destinies. This is especially focused on finding the right career and the right mate.Wednesday, June 1, 2011
  • To self-actualize, Maslow says: We should refresh consciousness, teaching people to appreciate beauty and the other good things in nature and in life.Wednesday, June 1, 2011
  • To self-actualize, Maslow says: We should refresh consciousness, teaching people to appreciate beauty and the other good things in nature and in life.Wednesday, June 1, 2011
  • Why does the next generation matter?Wednesday, June 1, 2011
  • Economics Demographics PsychographicsWednesday, June 1, 2011
  • 1. Economics: Shift from goods based to knowledge based economyWednesday, June 1, 2011
  • Founded 2005 Founders: Steve Chen, Chad Hurley, Jawed Karim Age: 27, 29, 26Wednesday, June 1, 2011
  • Founded in 2004 Founder: Mark Zuckerberg Age: 20Wednesday, June 1, 2011
  • Founded in 2006 Founder: Jack Dorsey Age: 30Wednesday, June 1, 2011
  • 2. Demographics The greying of our workforceWednesday, June 1, 2011
  • Wednesday, June 1, 2011
  • In developed countries, the dominant factor will be...the rapid growth in the older generation, and the shrinking of the younger generation. Peter Drucker, Managing in the Next SocietyWednesday, June 1, 2011
  • Wednesday, June 1, 2011
  • Wednesday, June 1, 2011
  • In the U.S., 10,000 people are turning the age 65 everyday. US Bureau of Labor StatisticsWednesday, June 1, 2011
  • 60 52 40 20 21 0 -10 -20 Age 35-44 Age 45-54 Age 55-64 2010 Percentage Change of Age in US WorkforceWednesday, June 1, 2011
  • 3. Psychographics: Next-gen chooses & lives differentlyWednesday, June 1, 2011
  • Lives First, Works Second Where I live is as important as where I work.Wednesday, June 1, 2011
  • Are free agents. By the time I’m 32, I’ll have had up to nine jobs.Wednesday, June 1, 2011
  • Are skeptical. More people under 40 believe they will see a UFO than receive Social Security. Tech-savvy.Wednesday, June 1, 2011
  • Tech Savvy Work that can be done over a wire can be done anywhere.Wednesday, June 1, 2011
  • Life online is Life Social world is an online worldWednesday, June 1, 2011
  • 30 is the new 20 Adulthood has been pushed backWednesday, June 1, 2011
  • Millennials have grown up with “parent advocacy”.Wednesday, June 1, 2011
  • 60% of Millennials in their 20’s receive support from parents.Wednesday, June 1, 2011
  • How can we attract and engage young talent?Wednesday, June 1, 2011
  • Intentional Design What if we (re)designed our workplaces & cities with the next generation of leaders in mind?Wednesday, June 1, 2011
  • Build on your assets and invest in the amenities that matter to your target demographic.Wednesday, June 1, 2011
  • Jobs are one of the SEVEN factors young talent weigh when choosing their place to live.Wednesday, June 1, 2011
  • However, its the RIGHT job and RIGHT work culture that matter most to young talent...Wednesday, June 1, 2011
  • We’ve interviewed and surveyed over 50,000 executives and young employees and here’s what we’ve learned...Wednesday, June 1, 2011
  • People Profit The evidence behind Next Companies® shows that people- centered practices can be profitable, and that profitable businesses can be people-centered.Wednesday, June 1, 2011
  • What do you want your employees to be “homesick” for? Six Dimensions of Engagement 51Wednesday, June 1, 2011
  • TrustWednesday, June 1, 2011
  • We are who we say we are!Wednesday, June 1, 2011
  • Trust in the workplace means... Managers believe employees want to be productive. Employees are enthusiastic and passionate about their work and the company’s mission. People cooperate and collaborate, leading to positive workplace interactions, higher profits, and greater productivity.Wednesday, June 1, 2011
  • Management My manager gets the best work out of everyone on our team.Wednesday, June 1, 2011
  • In their groundbreaking research outlined in First Break All The Rules, authors Buckingham and Coffman state: Talented employees need great managers. How long an employee stays and their productivity is determined by their relationship with their immediate supervisorWednesday, June 1, 2011
  • In our research among 20-40 year olds, when asked, “Why did you leave your last job?” the most common responses all fall into one category: bad managementWednesday, June 1, 2011
  • Trust and Management The Foundation of a Next CompanyWednesday, June 1, 2011
  • Life-Work Balance I can have a life and a career.Wednesday, June 1, 2011
  • People under 40 are twice as likely to rate Life-Work Balance as their number one.Wednesday, June 1, 2011
  • When asked what their “ideal hours” would be, most Millennials (67%) chose 40 hours per week. NGC Panelist Survey 2009Wednesday, June 1, 2011
  • For Millennials, Life-Work Balance means: 1) Flexible hours (e.g. compressed work week) 2) A fair and reasonable workload 3) The option to work from homeWednesday, June 1, 2011
  • Rewards I am rewarded - with pay, perks (benefits), and pats on the back (recognition) - in line with my contribution.Wednesday, June 1, 2011
  • Surprise them by noticingWednesday, June 1, 2011
  • Development I am expected and encouraged to learn and grow.Wednesday, June 1, 2011
  • In terms of DEVELOPMENT... Challenging, non-repetitive work Opportunities to assume leadership roles on projects Employer support to pursue training, advanced degrees or certificationsWednesday, June 1, 2011
  • At Google, employees are encouraged to work 20% of their time outside of their job description.Wednesday, June 1, 2011
  • Connection I feel that I am a part of something bigger.Wednesday, June 1, 2011
  • In terms of CONNECTION... Working for a company whose values and mission resonate with my own Having pride in my job and my company Working in a team environmentWednesday, June 1, 2011
  • Life-Work Balance Development Connection Rewards Trust ManagementWednesday, June 1, 2011
  • Importance of dimensions based on Life-stageWednesday, June 1, 2011
  • Age & Gender Years of experience in field Years of experience in organization # and age of children # and age of adult dependents Martial status Supervisor status Employment status of spouse/partner Race/ethnicity IncomeWednesday, June 1, 2011
  • Younger, less experienced workers value life-work balance & development more.Wednesday, June 1, 2011
  • Men favor rewards & women favor balance more.Wednesday, June 1, 2011
  • Life-work balance is significantly more important for parents with young children.Wednesday, June 1, 2011
  • Top 3 Young Talent Magnets: Compensation / Rewards Flexible Schedules / LWB Learning Opportunities / DevelopmentWednesday, June 1, 2011
  • Tips for recruiting the next generationWednesday, June 1, 2011
  • Think beyond college job fairs:Wednesday, June 1, 2011
  • Think beyond college job fairs:Wednesday, June 1, 2011
  • Think beyond college job fairs:Wednesday, June 1, 2011
  • Think beyond college job fairs:Wednesday, June 1, 2011
  • Visiting a location and getting to feel what it would be like to work and live in that atmosphere. Meeting people that I would be working with. Emphasizing how the company is involved in the community. 27-year-old femaleWednesday, June 1, 2011
  • Quality of place plays a key role in your recruitment efforts. Capitalize on your community’s distinctivenessWednesday, June 1, 2011
  • Seven Indexes to measure quality of placeWednesday, June 1, 2011
  • Cost of Lifestyle Can I afford to live and OF LIFESTYLE COST play here? Can I afford to live here?Wednesday, June 1, 2011
  • Earning The quality and diversity of job and career opportunities.Wednesday, June 1, 2011
  • Vitality Does the community value a healthy lifestyle?Wednesday, June 1, 2011
  • Learning Is this a “smart” community, and one that values ongoing education?Wednesday, June 1, 2011
  • Around Town How easy is it to get around - and in and out of - town?Wednesday, June 1, 2011
  • After Hours What’s there to do after work, and on weekends?Wednesday, June 1, 2011
  • Social Capital Does the community engage all people?Wednesday, June 1, 2011
  • Young Talent Ranking of Indexes INDEX VALUE PERCEPTION +/- COST OF LIFESTYLE 98% 78% -20% EARNING 96% 52% -44% VITALITY 93% 63% -30% AROUND TOWN 91% 75% -16% LEARNING 91% 73% -18% SOCIAL CAPITAL 87% 48% -39% AFTER HOURS 87% 63% -24%Wednesday, June 1, 2011
  • Bottomline Great talent drives economic prosperity. Talent clusters in the cities & regions that have the assets and amenities they value and the companies that value them.Wednesday, June 1, 2011
  • Look at the... Policies Attitudes Behaviors Social Networks How do you embrace the LFWS mindset?Wednesday, June 1, 2011
  • www.nextgenerationconsulting.com mf@nextgenerationconsulting.com Twitter: mfoleyngc Resource Page: http://tinyurl.com/LFWS-FrederickSHRMWednesday, June 1, 2011