Here’s a summary of how Millennials want to workI want to point out the bottom arrow which indicates that Millennials have a very positive trait as shownOpportunities to be coached and mentored by leaders they respectA long-term relationship with an employerOur research shows that the savvy employer who meet this need for stability and development will most likely be rewarded with an engaged and committed workforce of all generations but especially Millennials
Decoding Generational Differences…
Bernard L. Schwartz Communication
Institute Annual Symposium at
Baruch College
05/01/09 W. Stanton Smith
Principal,
National Director,
Next Generation
Initiatives
Deloitte LLP
Key generational differentiators
• Traditionalists (born prior to 1946)
– Work, work, work more if you ask me (and even if you don’t)
• Baby Boomers (born from 1946 to 1964)
– Work, work, work…it’s what we are all about
• Gen X (born from 1965 to 1980)
– Work, work some more with flexibility, work even more? Let’s
talk…
• Millennials (born after 1980)
– Work flexibly anywhere, anytime, on my terms…Work even
more?…How lame is that! I’ve just texted all my friends to tell
them how lame you are!!
* At least from some Boomers’ POV
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Gen Y ambivalence towards process & over-reliance on
technology: “but I spell checked it” – a boomer nightmare
We are not here to praise
process, but too berry it --- with
apologies to William Shakespeare (whatever)
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The five commitments
• Best practices which promote success in
generations working together can be
summarized as:
• The Five Commitments to:
– Understanding the four things that won’t change
– Leveraging what all generations have in common
– Applying the corporate lattice
– Using knowledge transfer techniques to connect
the generations
– Becoming a leader worth following by adopting
the 4 A’s as a mindset
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Understanding the four things that won’t
change
1. The non-traditional family unit makes up the vast
majority of households
2. Flexibility and career customization are necessities
for workers
3. Workers (especially generation Y) are re-defining
the place of work in their lives
4. A set of three realities – technology, attitudes
toward business, and a consumer mindset, have
fundamentally affected how millennials view the
world.
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The three divides
• Technology
• Attitude toward business
• Consumer attitude mindset
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How generation Y wants to work
• A sense of purpose and meaning in their work
Positive Work • Honest, open communication
Environment • Support for innovation and an openness to new ways of doing things
• Sense of fun
• A flexible definition of the work day and the workplace
Flexibility and • Technology to support and enable working flexibly
Choice • Evaluation based on output not input (i.e. on the work product itself, not where,
when or how the work gets done)
Opportunities for • Opportunities to take on significant responsibility and make major contributions
Continuous early on in their careers
Learning • New challenges; not repetition of “menial tasks”
• Networked, less hierarchical organizations
Open Social • Friendly, positive co-workers
Networks • A sense of teamwork and camaraderie
• Sense of harmony
• Opportunities to be coached and mentored by leaders they respect
Long-term Career • A long-term relationship with an employer
Development
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7
Checklist kids
• Want to be right and want the road map to get to
“right”
• Very diligent once they receive clear directions
• Accustomed to explicit directions
– Taught rigidly with detailed test guides and
formulaic writing exercises so they would score
well on standardized tests.
• Accordingly they are challenged by ambiguity and
how to figure out on their own how things fit
together
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Life fulfillment factors
•Quality of family life
•Financial security
•Physical/mental/spiritual health
•Satisfying work
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Retention factors
•Autonomy and control over work and life
•Compensation and benefits
•Internal entrepreneurial opportunity
•Positive work environment
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Learning styles model
• Why? benefits/purpose
• What? outline/provide documentation
• How does it work? Hands-on/big picture
• What if? possibilities
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Q: What’s really going on in the Workplace?
A: The corporate ladder is morphing into a corporate latticeTM model
Corporate Ladder Corporate Lattice
• Traditional hierarchy • More conducive to
• Singular path upward evolving matrix
Upward structure
• Move up or stop
momentum • Multiple paths
moving
• Work-versus-life Integrated with upward
balance talent • Move faster, slower,
management change directions
• Fits more traditional
systems • Career-life fit
family structure
• Assumes workers’ • Adjusts as workers’
needs remain needs change over
consistent over time time
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1 Decoding Generational Differences
Applying the corporate lattice
• MCC provides customization which all
generations want:
– Recognizes that careers ebb and flow over time
– Acknowledges that there are many acceptable
motivations for a career
– Emphasizes transparency in communications
about tradeoffs and choices
– The four career dimensions help inform career
discussions
– The resulting corporate lattice allows for more
fluid/adaptive career movements
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It’s all about knowledge transfer
• Key to a sustainable business = effective
transfer of knowledge
• Differences in learning styles = frequent
reason for miscommunication
*Recommended reading: Steve Trautman,
Teach What You Know-A practical leader’s
guide to knowledge transfer using peer
mentoring, Prentice Hall
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Learning styles model
• Why? benefits/purpose
• What? outline/provide documentation
• How does it work? Hands-on/big picture
• What if? possibilities
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Mix & match
• Read
• Show
• Do
• Talk
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5-minute meeting plan
• Define the purpose of the meeting
• Explain the relationship to the job
• Outline the main points of the assignment
• Note the jargon
• Identify practice opportunities
• Provide additional resources
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Who has time to adapt to everyone’s
learning styles?
• Any of us who get work done through
others…because:
“there may not seem to be time to pause and
answer questions or re-phrase a set of
instructions the first time through an
assignment, but…there always seems to be
time to do it over correctly the second time
through the assignment when there’s been a
miscommunication…ensuring comprehension
the first time saves time ultimately.”
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It’s not my job to teach you how to
learn…to analyze…
• In the ideal world perhaps…but teaching how
to learn by acknowledging differing learning
styles and using available tools to transfer
knowledge is one of the most useful acts a
senior person can engage in…once someone
learns how to learn, they’ll become willing,
committed life-long learners
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My challenge to you
• Acquire the four A’s, the key characteristics
of a leader worth following:
– Awareness that none of us has all the answers
• That we may not know what we don’t know
– Active listening
– A mind fearlessly kept open
– A lifetime learner from others
• Approach each other as colleagues who can
help each other regardless of experience
level
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