UNWIRING	
  
SINGAPORE’S	
  
MILLENNIALS	
  
The	
  Millennials	
  
People	
  born	
  in	
  the	
  Digital	
  Age	
  who	
  have	
  
 always	
  had	
  the	
  internet	
  in	
  their	
  lives.	
  
           Under	
  25	
  years	
  of	
  age	
  
 What	
  we	
  don`t	
  want	
  to	
  focus	
  on	
  
Reality	
  check	
  




Real	
                      Virtual	
  
world	
                     world	
  

    REALITY	
  for	
  Millennials	
  
            No	
  difference	
  
My	
  world	
  =	
  Communal	
  cocooning	
  	
  
‘Full	
  control’	
  
Self	
  image	
  
‘CAN	
  DO’	
  GENERATION…	
  
SoluSons	
  are	
  always	
  available	
  
The	
  result	
  

•  They	
  see	
  themselves	
  as	
  very	
  different	
  
     –  “We’re	
  open	
  to	
  change	
  &	
  advancement”	
  
     –  “We’re	
  much	
  more	
  global	
  &	
  connected”	
  
     –  “We’re	
  cri8cal	
  thinkers…	
  we	
  ques8on	
  the	
  norm,	
  we	
  
        don’t	
  just	
  blindly	
  follow	
  the	
  machine	
  
•  Believe	
  the	
  ‘old	
  way’,	
  the	
  ‘old	
  mentality’	
  is	
  
   inefficient	
  
     –  	
  given	
  the	
  opportunity	
  they	
  probably	
  could	
  do	
  a	
  beBer	
  
        and	
  more	
  efficient	
  job	
  
•  A	
  generaSon	
  of	
  	
  confident	
  ‘empowered’	
  
   individuals……who	
  operate	
  in	
  an	
  intensely	
  
   communal	
  environment	
  
SO	
  WHAT	
  IS	
  DRIVING	
  THEM?	
  
The	
  psyche	
  




Driven	
  to	
  progress	
  
Psyche:	
  Millennials	
  must	
  have	
  a	
  sense	
  
               of	
  momentum	
  
ATTITUDES	
  &	
  BEHAVIOURS	
  
TOWARDS	
  WORK	
  
Want	
  it	
  now	
  
•  They	
  want	
  	
  
    –  instant	
  progress	
  
    –  instant	
  success	
  

•  So	
  when	
  it	
  comes	
  to	
  work/
   career	
  they	
  tend	
  to	
  be	
  
   focused	
  on:	
  

  immediate	
  results,	
  &	
  less	
  
  concerned	
  about	
  the	
  long	
  
           term!	
  
I	
  want	
  to	
  be	
  
 significant	
  now	
  
•  Not	
  willing	
  to	
  wait	
  &	
  work	
  
   their	
  way	
  
     –  “I’ve	
  done	
  a	
  degree,	
  so	
  why	
  
        would	
  I	
  want	
  to	
  start	
  my	
  career	
  
        shovelling	
  poop?”	
  
•  Prefer	
  to	
  work	
  for	
  a	
  big	
  
   name	
  ‘status’	
  brand	
  today	
  so	
  
   that	
  they	
  can	
  ride	
  on	
  it’s	
  
   significance	
  now	
  
•  This	
  also	
  fills	
  them	
  with	
  self-­‐
   belief	
  
     –  “Give	
  me	
  the	
  opportunity	
  now	
  
        and	
  I	
  won’t	
  let	
  you	
  down”	
  
Upgrade	
  now	
  
•  Obsessed	
  with	
  upgrading	
  

•  Not	
  necessarily	
  ‘improving’	
  
   themselves,	
  but	
  more	
  about	
  
   adding	
  a	
  ‘premium’	
  to	
  one’s	
  self:	
  
    –  new	
  skills	
  added	
  to	
  their	
  CV	
  
    –  New	
  achievements	
  are	
  
       milestones	
  in	
  their	
  
       development,	
  ie	
  overseas	
  
       trip,	
  industry	
  courses	
  


•  With	
  each	
  upgrade	
  comes	
  even	
  
   greater	
  expectaUons:	
  
      –  Pay	
  increase,	
  be]er	
  Stle,	
  respect,	
  
         status,	
  etc.	
  
Search	
  for	
  true	
  
           meaning	
  
•  Millennials	
  	
  are	
  looking	
  for	
  a	
  job	
  
   with	
  meaning	
  
      –  In	
  what	
  they	
  do	
  
      –  Their	
  role	
  within	
  the	
  team	
  
      –  In	
  how	
  they	
  can	
  progress	
  with	
  it	
  


•  In	
  absence	
  of	
  that	
  emphasis	
  on	
  
   money	
  &	
  status	
  –	
  anything	
  that	
  
   recognizes	
  their	
  progress.	
  

•  If	
  meaning	
  and	
  money	
  is	
  short,	
  
   they	
  are	
  quick	
  in	
  changing	
  jobs	
  
   and	
  even	
  industry	
  
Passion	
  
•  Result	
  is	
  very	
  few	
  Millennials	
  are	
  truly	
  
   ‘passionate’	
  about	
  their	
  jobs.	
  Highest	
  
   percentage	
  of	
  ‘disasUsfied	
  with	
  my	
  
   job’	
  employees*	
  

•  Any	
  ‘Passionates’	
  were	
  all	
  in	
  
   customer	
  interacUon	
  employment:	
  	
  
      –  Sales,	
  customer	
  service,	
  nursing,	
  etc	
  


•  Possibly	
  due	
  to	
  them	
  receiving	
  direct,	
  
   posiUve	
  ‘feedback’	
  from	
  their	
  
   customers	
  which	
  recognises	
  that	
  they	
  
   are	
  mastering	
  new	
  skills,	
  and	
  making	
  
   a	
  difference	
  



        *WDA	
  study	
  2012	
  “Employee	
  needs”	
  
TRAVEL	
  INDUSTRY	
  AS	
  EMPLOYER	
  
A	
  problem	
  of	
  percepSon…	
  
                   Not	
  for	
  ‘smart’	
  people	
                           Not	
  professional	
  


    “Not	
  an	
  industry	
  that	
  
                                                         “Everyone	
  would	
  rather	
  
    aBracts	
  really	
  talented	
  
                                                         work	
  in	
  an	
  office	
  in	
  
    people”	
  
                                                         Raffles	
  Place.”	
  
    “It’s	
  low	
  paying,	
  so	
  they	
  
                                                         “I	
  want	
  my	
  friends	
  to	
  
    don’t	
  even	
  want	
  good	
  
                                                         know	
  I’m	
  doing	
  well”	
  
    people”	
  



                            Embarrassing	
                                      Serving	
  a	
  no-­‐no	
  

“I	
  tell	
  people	
  I	
                              “In	
  this	
  society,	
  you	
  
work	
  in	
  marke8ng	
                                 shouldn’t	
  be	
  in	
  a	
  job	
  
first,	
  tourism	
                                       where	
  you	
  serve.”	
  
second.”	
  
                                                         “I’ve	
  studied	
  for	
  4	
  years,	
  
“People	
  always	
                                      I	
  don’t	
  want	
  to	
  be	
  a	
  
assume	
  you’re	
                                       server…”	
  
wearing	
  a	
  costume	
  
or	
  a	
  8cket	
  seller.”	
  
A	
  big	
  perceptual	
  gap	
  
Psychologically	
  driven	
  to	
                   Offers	
  li]le	
  opportunity	
  
progress	
  &	
  advance	
                                   for	
  advancement	
  	
  
How	
  the	
  travel	
  industry	
  a]ract,	
  retain	
  and	
  opSmise	
  Millennials	
  

IMPLICATIONS	
  
1.	
  Rethink	
  job	
  frameworks	
  
1.  Offer	
  jobs	
  that	
  are	
  perceived	
  
      as:	
  
-­‐  ‘Worthwhile’:	
  doing	
  something	
  
     that	
  makes	
  a	
  difference	
  	
  

-­‐  Challenging:	
  	
  learning	
  and	
  
     achieving	
  new	
  skills	
  

-­‐  Progressive:	
  offers	
  a	
  clear	
  path	
  
     for	
  personal	
  development	
  and	
  
     greater	
  income	
  

-­‐  RecogniUon:	
  ‘status’	
  8tles	
  &	
  
     constant	
  performance	
  feedback	
  
     are	
  cri8cal.	
  
2.	
  ReposiSon	
  Travel	
  industry	
  
Psychologically	
  driven	
  to	
                                    Offers	
  li]le	
  opportunity	
  
progress	
  &	
  advance	
                                                    for	
  advancement	
  	
  




                               •  Close	
  the	
  image	
  gap	
  
The	
  perfect	
  example	
  
Laurenz	
  Koehler,	
  Managing	
  Partner	
  	
  
Laurenz.koehler@duxtonconsulSng.com	
  

DUXTON	
  CONSULTING	
  

Unwiring Singapore’s Millennials

  • 1.
  • 2.
    The  Millennials   People  born  in  the  Digital  Age  who  have   always  had  the  internet  in  their  lives.   Under  25  years  of  age  
  • 3.
     What  we  don`t  want  to  focus  on  
  • 4.
    Reality  check   Real   Virtual   world   world   REALITY  for  Millennials   No  difference  
  • 6.
    My  world  =  Communal  cocooning    
  • 7.
  • 8.
  • 9.
    ‘CAN  DO’  GENERATION…   SoluSons  are  always  available  
  • 10.
    The  result   • They  see  themselves  as  very  different   –  “We’re  open  to  change  &  advancement”   –  “We’re  much  more  global  &  connected”   –  “We’re  cri8cal  thinkers…  we  ques8on  the  norm,  we   don’t  just  blindly  follow  the  machine   •  Believe  the  ‘old  way’,  the  ‘old  mentality’  is   inefficient   –   given  the  opportunity  they  probably  could  do  a  beBer   and  more  efficient  job   •  A  generaSon  of    confident  ‘empowered’   individuals……who  operate  in  an  intensely   communal  environment  
  • 11.
    SO  WHAT  IS  DRIVING  THEM?  
  • 12.
    The  psyche   Driven  to  progress  
  • 13.
    Psyche:  Millennials  must  have  a  sense   of  momentum  
  • 14.
    ATTITUDES  &  BEHAVIOURS   TOWARDS  WORK  
  • 15.
    Want  it  now   •  They  want     –  instant  progress   –  instant  success   •  So  when  it  comes  to  work/ career  they  tend  to  be   focused  on:   immediate  results,  &  less   concerned  about  the  long   term!  
  • 16.
    I  want  to  be   significant  now   •  Not  willing  to  wait  &  work   their  way   –  “I’ve  done  a  degree,  so  why   would  I  want  to  start  my  career   shovelling  poop?”   •  Prefer  to  work  for  a  big   name  ‘status’  brand  today  so   that  they  can  ride  on  it’s   significance  now   •  This  also  fills  them  with  self-­‐ belief   –  “Give  me  the  opportunity  now   and  I  won’t  let  you  down”  
  • 17.
    Upgrade  now   • Obsessed  with  upgrading   •  Not  necessarily  ‘improving’   themselves,  but  more  about   adding  a  ‘premium’  to  one’s  self:   –  new  skills  added  to  their  CV   –  New  achievements  are   milestones  in  their   development,  ie  overseas   trip,  industry  courses   •  With  each  upgrade  comes  even   greater  expectaUons:   –  Pay  increase,  be]er  Stle,  respect,   status,  etc.  
  • 18.
    Search  for  true   meaning   •  Millennials    are  looking  for  a  job   with  meaning   –  In  what  they  do   –  Their  role  within  the  team   –  In  how  they  can  progress  with  it   •  In  absence  of  that  emphasis  on   money  &  status  –  anything  that   recognizes  their  progress.   •  If  meaning  and  money  is  short,   they  are  quick  in  changing  jobs   and  even  industry  
  • 19.
    Passion   •  Result  is  very  few  Millennials  are  truly   ‘passionate’  about  their  jobs.  Highest   percentage  of  ‘disasUsfied  with  my   job’  employees*   •  Any  ‘Passionates’  were  all  in   customer  interacUon  employment:     –  Sales,  customer  service,  nursing,  etc   •  Possibly  due  to  them  receiving  direct,   posiUve  ‘feedback’  from  their   customers  which  recognises  that  they   are  mastering  new  skills,  and  making   a  difference   *WDA  study  2012  “Employee  needs”  
  • 20.
  • 21.
    A  problem  of  percepSon…   Not  for  ‘smart’  people   Not  professional   “Not  an  industry  that   “Everyone  would  rather   aBracts  really  talented   work  in  an  office  in   people”   Raffles  Place.”   “It’s  low  paying,  so  they   “I  want  my  friends  to   don’t  even  want  good   know  I’m  doing  well”   people”   Embarrassing   Serving  a  no-­‐no   “I  tell  people  I   “In  this  society,  you   work  in  marke8ng   shouldn’t  be  in  a  job   first,  tourism   where  you  serve.”   second.”   “I’ve  studied  for  4  years,   “People  always   I  don’t  want  to  be  a   assume  you’re   server…”   wearing  a  costume   or  a  8cket  seller.”  
  • 22.
    A  big  perceptual  gap   Psychologically  driven  to   Offers  li]le  opportunity   progress  &  advance   for  advancement    
  • 23.
    How  the  travel  industry  a]ract,  retain  and  opSmise  Millennials   IMPLICATIONS  
  • 24.
    1.  Rethink  job  frameworks   1.  Offer  jobs  that  are  perceived   as:   -­‐  ‘Worthwhile’:  doing  something   that  makes  a  difference     -­‐  Challenging:    learning  and   achieving  new  skills   -­‐  Progressive:  offers  a  clear  path   for  personal  development  and   greater  income   -­‐  RecogniUon:  ‘status’  8tles  &   constant  performance  feedback   are  cri8cal.  
  • 25.
    2.  ReposiSon  Travel  industry   Psychologically  driven  to   Offers  li]le  opportunity   progress  &  advance   for  advancement     •  Close  the  image  gap  
  • 26.
  • 27.
    Laurenz  Koehler,  Managing  Partner     Laurenz.koehler@duxtonconsulSng.com   DUXTON  CONSULTING