Meet the New Workforce

Meet the Future to Prepare for Success Tomorrow Terese Corey Blanck Mitchell Hislop

Mitchell Hislop

Millennial

20-1 week

Student

At the same time

Work=Life

Life=Work

Challenging

Engaging

“ Marketing Assistant”

Read: Jack-of-all-trades

Last Week

Market Research

Networking

PR Planning

Campus Marketing

Eagle Scout Award

Captain, Mock Trial

MN Boys State

Worked

Because I’m a Millennial

Are You Millennial Ready?

Terese Corey Blanck

Travel

“ Connector of People”

Educated Masters Degree in Education

Entrepreneur

Downtime

Musician

Purpose: Educational Revolution

Reasons

Credentials

For the last 20 years

Relates to my generation

Generations in the Workplace
Are there similarities?
If so, what are they?

Deeper Understanding
At least 75 million millennials
Born between 1980 - 2000

#1 Motivator
Gen X:
Challenging and Stimulating Work
Baby Boomers:
Silent Generation:

#1
Millennials:

Motivations…
The same across generations!
WOW!
Source: The Learning Café: Study of Four Generations, 2008

So what is different?
Why does this matter?
Everyone has a different psychological contract and their generation plays into it.

De-motivator
#1
Boomers:
Lack of appreciation, respect, or recognition

De-motivator
#1
Gen X:
Inability to learn,
grow & develop

#1 De-motivator
Millennials:
Boredom, no challenge
Fact: 70% of recent grads leave their first job within TWO years!
Source: 2008 Life After College Survey Experience, Inc

Now enter….
Emerging Adulthood

A Millennial & Emerging Adult
Millennial Characteristics
+
Emerging Adult Theory
Success

A new stage of development
The 20 year old brain is simply not the same as the 25 year old brain.

Millennial Generation: Threat or opportunity?
What makes the new generation different?
- Their life experiences
- Members of a generation share a place in history

More demanding?
Only know about customizing their own experience
Xers and Boomers knew records
Millennials now how to download just the songs they want
Now we all have the option to customize

What about business?
Still very standardized
Still the same people practices
Same approach
Business has not caught up to the knowledge based market

But Millennials live it
Don’t understand the standard
Design their own gap years and MySpace etc.
What about their own jobs, careers and benefits package?

Why bother?
In about 10 years time….Millennials will be the major make-up of the workforce.
Most of what Millennials want from work are also the same things all other generations want…
This could be great!

A lesson in chemistry
The energy in a strawberry
Nuclear Fission
A locomotive & the moon.

Fusion
Diverse elements coming together to create a stronger whole.
2005 survey: 60% of employers experience generational conflict
Conflict signals…opportunity for fusion.

Put this information to work.
Attraction: Are you millennial friendly?
Retention: Build “scaffolding” around young talent starting day one.
Engagement: Look at leading, mentoring and coaching rather than supervising.

Internal Customers
Your human capital are internal customers.
How does that change what you do?

Millennials as Customers
Expect high expectations
An optimistic attitude yet practical
Achievement oriented

Learning Preferences
Teamwork
Structure (remember scaffolding)
Experiential
Technology
Entertaining

Communication Preferences
Face-to-face
Balanced with technology
Positive
Goal-focused
Respectful
Motivational

Good practices
Involve w/leadership
Pair with leaders/managers
Be flexible with how they get their work done
Use the “yes and yes” method

Good practices
Know your company demographics
Build on individual strengths
Be open to the possibilities
Human resource strategies must reach across the generations

“ In this uncertain economy and highly competitive business environment, companies recognize that the differentiator is their people .”
~ Generations at Work

Ignite Your Entry-level Talent and…

Awaken the Corporate Soul.

Meet the New Workforce

by Mitchell Hislop on Jul 30, 2009

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Meet the New Workforce — Presentation Transcript