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Manage the Mix
March 2015
Dot Proux, Partner
Ernst & Young’s Generations Research ProjectPage 2
► “A group of people who share similar historical and social
life experiences of which the effects are relatively stable
over their lifetime.”
► Rick Bottiglieri, CEO, Momentum Corporation Ltd
► Each generation has specific characteristics and values that
shape their social interaction and attitudes towards life.
Generations: A Definition
Ernst & Young’s Generations Research ProjectPage 3
When were you born?
► Prior to 1945: Silent or Radio Generation
► 1945 to 1964: Baby Boomers
► 1965 to 1980: Generation X
► 1981 to 1994: Generation Y
► After 1995: iGeneration, Generation Next, or Z
Ernst & Young’s Generations Research ProjectPage 4
Baby Boomers (Born 1945 to 1964)
► Shaped by:
► Civil Rights Movement
► Space race
► Vietnam
► Watergate
► Cold War
► Large class sizes
► Self and career are staunchly connected
► Invented the 60 hour work week
► Competitive, materialistic, loyal
► Message they heard: “You can make the world a better place.”
Ernst & Young’s Generations Research ProjectPage 5
Generation Y (Born 1981 or later)
► Shaped by:
► Terrorism
► Heroism
► Patriotism
► Dot-com boom and fall
► “Wired World”
► Crave freedom and fun – do not want to sacrifice
► Work to live, not live to work – compartmentalize work
► Do not feel the need to “pay dues;” want instant gratification
► Positive, optimistic, close to parents
► Message they heard: “You are unique, super, and talented! You can do
anything you want!”
Ernst & Young’s Generations Research ProjectPage 6
Generational Quiz #1
Which generation was most likely to rank promotions first as
a factor in their retention and engagement level?
Ernst & Young’s Generations Research ProjectPage 7
Generational Quiz #1
Answer
Which generation was most likely to rank promotions first as
a factor in their retention and engagement level?
Generation Y respondents were significantly more likely to
rank promotions first (13%) over Generation X (5%) and
Baby Boomers (4%), who may already have achieved these
career milestones.
Across all generations, women and men nearly equally
valued promotions, with Generation Y women (16%) valuing
them the most, followed by Generation Y men (10%).
Ernst & Young’s Generations Research ProjectPage 8
Generation X (Born 1965 to 1980)
► Shaped by:
► Fall of Berlin Wall
► Rise of AIDS
► Development of World Wide Web
► O.J. Simpson trial
► Divorce
► Financial insecurity
► Less likely to define themselves by their careers
► Likely to change jobs; loyalty not a big value
► Realistic, cynical, addicted to change
► Emphasis on family and need for freedom
► Message they heard: “You’ll never do as well economically as your
parents did.”
Ernst & Young’s Generations Research ProjectPage 9
EY Generations Survey
► Late June 2013, online survey of 1,215 U.S. based
professionals outside of EY
► Participants
► At least 200 managers and 200 non-managers
► Three generations (34% BB, 33% X, 33% Y)
► 48% men, 52% women
► 98% full-time workers
► 95% had at least some level of higher education
► 57% had household income in excess of US$75,000
► Survey fielded by ORC International and designed by
FleishmanHillard Research in collaboration with EY
Ernst & Young’s Generations Research ProjectPage 10
EY Generations Survey
Generation X Observations
► When it comes to positive perceptions of management skills and
characteristics of each generation, Generation X leads the pack.
► Members and managers in this generation were perceived favorably on
nearly every characteristic in the survey.
► Generation X was perceived as the generation best equipped to
manage in current economic conditions and in 2020.
► Generation X was least likely to be considered difficult to work with
► Generation X achieved the top scores in being considered a positive
part of the organization, team player, and nurturing of subordinates
Ernst & Young’s Generations Research ProjectPage 11
Generational Quiz #2
Who was most likely to leave, saying they would “walk
away,” from a job if day–to-day flexibility was not offered?
a.Baby Boomer men
b.Baby Boomer women
c.Generation X men
d.Generation X women
e.Generation Y men
f.Generation Y women
Ernst & Young’s Generations Research ProjectPage 12
Generational Quiz #2
Answer
Who was most likely to leave, saying they would “walk
away,” from a job if day–to-day flexibility was not offered?
a. Baby Boomer men
b. Baby Boomer women
c. Generation X men (40%)
d. Generation X women (37%)
e. Generation Y men (36%)
f. Generation Y women (30%)
Ernst & Young’s Generations Research ProjectPage 13
Generational Quiz #3
Generation X scored the highest marks for being “best” at
collaboration and adaptability. Which generation came in
second at being collaborative and adaptable – Gen Y or
Baby boomers?
Ernst & Young’s Generations Research ProjectPage 14
Generational Quiz #3
Answer
Generation X scored the highest marks for being “best” at
collaboration and adaptability. Which generation came in
second at being collaborative and adaptable – Gen Y or
Baby boomers?
Generation Y scored higher than Boomers for being “best” at
collaboration (27% vs. 20%) and adaptability (41% vs. 10%).
Ernst & Young’s Generations Research ProjectPage 15
A Clear Communication?
Via Text Message
► Manager: Hi Chris, did you use the contract template that’s in the
database, or just update the 2007 contract?
► Staff: I compared it directly to the one in the database
► Manager: I just noticed 2 items that are not in the contract you
prepared.
► Staff: I don’t know what that means?
► Manager: Please stop by.
► Staff: I am working on a return – which is more important
► Manager: What do you mean?
► Staff: I am sorry this is my first time having to jiggle work
► Manager: I only need a few minutes of your time.
► Staff: Ok can I stop by in about twenty minutes or does that not work
► Manager: Ok. That’s fine. Stop by when you are at a good stopping
point.
► Staff: Thank you I will
Ernst & Young’s Generations Research ProjectPage 16
Working inter-generationally
Leading practices
► Acknowledge expertise
► Provide roles for Baby Boomers that allow their expertise and
experience to influence results
► Provide opportunities for Gen Y to influence the process,
especially as it relates to technological advances
► Know your team members
► Learn about your team members’ generation, culture, etc.
► Globesmart, books and articles, the internet
► Develop individual relationships with team members
► Flex your style
► Especially when it comes to communication
► Recognize that you receive in measure with what you
contribute
► Entitlement is an ugly color on all of us, regardless of generation.
Ernst & Young’s Generations Research ProjectPage 17
Working inter-generationally
Leading practices
► Watch out for the cascading message trap
► Where possible, communicate directly with subordinates to avoid
cultural, gender, and generational filters that distort your intended
message
► Ask more questions
► “Do you text message?”
► Acknowledge differences and embrace them
► Set communication, work style, and flexibility protocols on your
team
► What venue(s) do we use for communication?
► What are our team’s norms for expected response times?
► Where will we work? How long will we work?
► What are our team member’s individual needs for flexibility?
Ernst & Young’s Generations Research ProjectPage 18
Sneak peek into Generation Z
► Shaped by:
► Complete immersion in mobile technology and instant access to
information
► The great recession
► Financial industry scandals and crash
► Loss of jobs and homes in immediate and extended family
► Fiscally conservative – reluctant to incur debt
► They will rent
► They recycle, share, trade and barter
► Normal – not exceptional – users of technology
► They don’t schedule
► They improvise
► They compromise
-- Tamara J. Erickson article “Prepare for the Re-Generation,” Diversity Executive Magazine May/June 2013

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Manage the mix

  • 1. Manage the Mix March 2015 Dot Proux, Partner
  • 2. Ernst & Young’s Generations Research ProjectPage 2 ► “A group of people who share similar historical and social life experiences of which the effects are relatively stable over their lifetime.” ► Rick Bottiglieri, CEO, Momentum Corporation Ltd ► Each generation has specific characteristics and values that shape their social interaction and attitudes towards life. Generations: A Definition
  • 3. Ernst & Young’s Generations Research ProjectPage 3 When were you born? ► Prior to 1945: Silent or Radio Generation ► 1945 to 1964: Baby Boomers ► 1965 to 1980: Generation X ► 1981 to 1994: Generation Y ► After 1995: iGeneration, Generation Next, or Z
  • 4. Ernst & Young’s Generations Research ProjectPage 4 Baby Boomers (Born 1945 to 1964) ► Shaped by: ► Civil Rights Movement ► Space race ► Vietnam ► Watergate ► Cold War ► Large class sizes ► Self and career are staunchly connected ► Invented the 60 hour work week ► Competitive, materialistic, loyal ► Message they heard: “You can make the world a better place.”
  • 5. Ernst & Young’s Generations Research ProjectPage 5 Generation Y (Born 1981 or later) ► Shaped by: ► Terrorism ► Heroism ► Patriotism ► Dot-com boom and fall ► “Wired World” ► Crave freedom and fun – do not want to sacrifice ► Work to live, not live to work – compartmentalize work ► Do not feel the need to “pay dues;” want instant gratification ► Positive, optimistic, close to parents ► Message they heard: “You are unique, super, and talented! You can do anything you want!”
  • 6. Ernst & Young’s Generations Research ProjectPage 6 Generational Quiz #1 Which generation was most likely to rank promotions first as a factor in their retention and engagement level?
  • 7. Ernst & Young’s Generations Research ProjectPage 7 Generational Quiz #1 Answer Which generation was most likely to rank promotions first as a factor in their retention and engagement level? Generation Y respondents were significantly more likely to rank promotions first (13%) over Generation X (5%) and Baby Boomers (4%), who may already have achieved these career milestones. Across all generations, women and men nearly equally valued promotions, with Generation Y women (16%) valuing them the most, followed by Generation Y men (10%).
  • 8. Ernst & Young’s Generations Research ProjectPage 8 Generation X (Born 1965 to 1980) ► Shaped by: ► Fall of Berlin Wall ► Rise of AIDS ► Development of World Wide Web ► O.J. Simpson trial ► Divorce ► Financial insecurity ► Less likely to define themselves by their careers ► Likely to change jobs; loyalty not a big value ► Realistic, cynical, addicted to change ► Emphasis on family and need for freedom ► Message they heard: “You’ll never do as well economically as your parents did.”
  • 9. Ernst & Young’s Generations Research ProjectPage 9 EY Generations Survey ► Late June 2013, online survey of 1,215 U.S. based professionals outside of EY ► Participants ► At least 200 managers and 200 non-managers ► Three generations (34% BB, 33% X, 33% Y) ► 48% men, 52% women ► 98% full-time workers ► 95% had at least some level of higher education ► 57% had household income in excess of US$75,000 ► Survey fielded by ORC International and designed by FleishmanHillard Research in collaboration with EY
  • 10. Ernst & Young’s Generations Research ProjectPage 10 EY Generations Survey Generation X Observations ► When it comes to positive perceptions of management skills and characteristics of each generation, Generation X leads the pack. ► Members and managers in this generation were perceived favorably on nearly every characteristic in the survey. ► Generation X was perceived as the generation best equipped to manage in current economic conditions and in 2020. ► Generation X was least likely to be considered difficult to work with ► Generation X achieved the top scores in being considered a positive part of the organization, team player, and nurturing of subordinates
  • 11. Ernst & Young’s Generations Research ProjectPage 11 Generational Quiz #2 Who was most likely to leave, saying they would “walk away,” from a job if day–to-day flexibility was not offered? a.Baby Boomer men b.Baby Boomer women c.Generation X men d.Generation X women e.Generation Y men f.Generation Y women
  • 12. Ernst & Young’s Generations Research ProjectPage 12 Generational Quiz #2 Answer Who was most likely to leave, saying they would “walk away,” from a job if day–to-day flexibility was not offered? a. Baby Boomer men b. Baby Boomer women c. Generation X men (40%) d. Generation X women (37%) e. Generation Y men (36%) f. Generation Y women (30%)
  • 13. Ernst & Young’s Generations Research ProjectPage 13 Generational Quiz #3 Generation X scored the highest marks for being “best” at collaboration and adaptability. Which generation came in second at being collaborative and adaptable – Gen Y or Baby boomers?
  • 14. Ernst & Young’s Generations Research ProjectPage 14 Generational Quiz #3 Answer Generation X scored the highest marks for being “best” at collaboration and adaptability. Which generation came in second at being collaborative and adaptable – Gen Y or Baby boomers? Generation Y scored higher than Boomers for being “best” at collaboration (27% vs. 20%) and adaptability (41% vs. 10%).
  • 15. Ernst & Young’s Generations Research ProjectPage 15 A Clear Communication? Via Text Message ► Manager: Hi Chris, did you use the contract template that’s in the database, or just update the 2007 contract? ► Staff: I compared it directly to the one in the database ► Manager: I just noticed 2 items that are not in the contract you prepared. ► Staff: I don’t know what that means? ► Manager: Please stop by. ► Staff: I am working on a return – which is more important ► Manager: What do you mean? ► Staff: I am sorry this is my first time having to jiggle work ► Manager: I only need a few minutes of your time. ► Staff: Ok can I stop by in about twenty minutes or does that not work ► Manager: Ok. That’s fine. Stop by when you are at a good stopping point. ► Staff: Thank you I will
  • 16. Ernst & Young’s Generations Research ProjectPage 16 Working inter-generationally Leading practices ► Acknowledge expertise ► Provide roles for Baby Boomers that allow their expertise and experience to influence results ► Provide opportunities for Gen Y to influence the process, especially as it relates to technological advances ► Know your team members ► Learn about your team members’ generation, culture, etc. ► Globesmart, books and articles, the internet ► Develop individual relationships with team members ► Flex your style ► Especially when it comes to communication ► Recognize that you receive in measure with what you contribute ► Entitlement is an ugly color on all of us, regardless of generation.
  • 17. Ernst & Young’s Generations Research ProjectPage 17 Working inter-generationally Leading practices ► Watch out for the cascading message trap ► Where possible, communicate directly with subordinates to avoid cultural, gender, and generational filters that distort your intended message ► Ask more questions ► “Do you text message?” ► Acknowledge differences and embrace them ► Set communication, work style, and flexibility protocols on your team ► What venue(s) do we use for communication? ► What are our team’s norms for expected response times? ► Where will we work? How long will we work? ► What are our team member’s individual needs for flexibility?
  • 18. Ernst & Young’s Generations Research ProjectPage 18 Sneak peek into Generation Z ► Shaped by: ► Complete immersion in mobile technology and instant access to information ► The great recession ► Financial industry scandals and crash ► Loss of jobs and homes in immediate and extended family ► Fiscally conservative – reluctant to incur debt ► They will rent ► They recycle, share, trade and barter ► Normal – not exceptional – users of technology ► They don’t schedule ► They improvise ► They compromise -- Tamara J. Erickson article “Prepare for the Re-Generation,” Diversity Executive Magazine May/June 2013