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Mrinal Krant
MPM, 2003, SIBM, Pune
Email:
krantmrinal@rediffmail.co
m
Blog:
Krantmrinal.blogspot.in
LinkedIn:
http://in.linkedin.com/pub/
mrinal-krant/3/a01/a69/
1
Who is Mrinal
2
Mrinal is a senior Human Resources professional and specializes in Talent Coding,
Optimization and Development. Has done series of leadership development programs.
He has been doing young CEO coaching for past 4 years. Worked with US MNCs and
Global Consulting firms in India and in the US. Has been hiring from IITs, top NITs and
ISB in India, besides University of Pennsylvania, Le High, Duke, etc, for Consulting and
Analytics (Business Intelligence) companies.
Mrinal brings specialist insights into "Total Rewards System", Organization Design &
development, Review/Feedback/Feedforward/Speedback mechanisms, Succession
planning, HR Analytics &Dashboards and also top talent search. Mrinal is a graduate
from Delhi University and an MBA in Human Resources from Symbiosis Institute of
Business Management (SIBM), Pune. Mrinal is an MBTI Certified Coach. He worked for,
APC India, R&D Centre (Now APC-MGE, under Schneider Electric), ZS Associates and
InfoCepts Technologies.
Mrinal has served Border Security Force (BSF) Central Police Organization as Assistant
Commandant.
Went to JNU for Masters in Ancient History. Was rank-1 in All India Entrance exam.
He is a Blogging enthusiast and active participant on Linked In and Quora forums.
http://krantmrinal.blogspot.in/
http://www.quora.com/Mrinall-Krant
Agenda
 Who is Gen Y?
 The new rules for the Gen Y
 Key Notes from McQueen’s desk
 Gen Y- beliefs, traits and values?
 Do we shape them or they are shaping us?
 What kind of work-place are they shaping?
 What Gen Ys have to tell?
 How to manage them, learn from them and leverage
their beliefs and strengths?
 Q&A
30 mins
15 mins
History and future of generations
4
1945 1960 1965 1980 1995 2000 2010 2025
Baby Boomers Generation Y Generation Z Generation AlphaGeneration X
Divided into
„Hippies‟
and
„Yuppies‟, they
were raised
by the ‘Builders’
Also known as ‘
Latchkey
Kids’, they were
raised by
the early baby
boomers
Likely to be
‘Google Kids’
Also known as
the ‘
Millennial
Generation’, they
were raised
by the late baby
boomers
Also known
as ‘Digital
Natives’, they
are being
raised by
Generation X
Ref : Grail Research, 2010
Shift in demography5
83
11
55
39
40
23
207
75
11
53
37
41
24
222
60
27
2
16
12
9
5
38
92
35
3
18
14
13
7
54
Region Country Working age (15-60 years) Retiree (60+ years)
North
America
Europe
Asia
2008
2020
Significant
shift
SOURCE: McKinsey
Workforce composition 2010:2020
6
Generation 2010 2020
Overall population 1220 Mio 1326 Mio
Boomers 38% <15%
Gen X 32% <25%
Gen Y 25% 45-50%
Gen Z Na 10%
Who is Gen Y
 “Generation Y ”—born between 1980 and 1989
 Most of India‟s high-potential employees (64%) and middle managers (55%) are
Gen Y
"To some, they are the tech-savvy, well educated and
ambitious youngsters poised to take on and change the
world. Others, however, describe a disloyal, disrespectful and
demanding generation who have never learned to wait or
really work hard for anything. Born between the early 1980's
and the late 1990's, Generation Y has certainly caused a stir
in recent years.
Michael McQueen, is a Sydney-based speaker, social
researcher and business owner, founder of the Nexgen
Group. Consulted , coached 90 K people on last 5 years.
Key notes form McQueen‟s desk
• Fast paced, Revealing, Redefining, re-shaping
tomorrow’s leadership
De-coding
Generation Y
• Strategies for managers and leaders : the benefits
of attracting, motivating and retaining Gen Y
employees
Managing Gen Y
Master-class
• How and why the generational diversity in a team
can lead to misunderstandings and conflict.
Understanding the
Generations @ Work
• Strategies for developing targeted, age-specific
messages.
Marketing to the
Generations
• To assist young managers avoid conflict and
miscommunication when managing older workers.
Managing the Mature-
aged Workforce
Gen Y: beliefs, traits and values
BELIEFS
• Can take career
decisions for
themselves
• Know how to Do
the right thing
• Know how to
Get it right
• They have right
to be Treated
right
TRAITS
• Politically Aware
• Involved
• Tech Savvy
• Highly Educated
• Innovators
VALUES
• Work-life
balance
• Flexibility
• Open
communication
• Clear feedback
and feed-forward
• Innovation/work
around
• Sense of worth
and sense of
growth
The new rules for the Gen Y
Some HR specialists have produced guidelines for managing the Under 24’s
in the workplace-
It seems increasingly clear that Generation Y wants the workplace to be fu
relaxed, and non traditional
Allow some flexibility in day-to-day scheduling.
Focus on work outcomes, but be personable and
have a sense of humour.
Provide ongoing training and learning opportunities
Offer increasing responsibility as a reward for
achievements as they happen;
Wherever possible, provide challenging work that
really matters;
Treat them as colleagues, not as beginners or kids;
Use innovative ideas for creating a more
comfortable, low-key, low-stress workplace
Do we shape them or they are shaping us?
It is important that managers do not get hung up on behind your desk
means work!!
The differentiator-Shaper,
Gen Y.
Beyond
the
“DESK”
Behind the
change
Reversing the
gen X trend
The key factor called “Life”
What Gen Ys have to tell
Hold Only
Productive
Meetings
Shorten the
Work Day
Bring Back the
Administrative
Assistants
Redefine
Retirement
Find Real
Mentors
Continue to
Value What Our
Parents Have
to Offer
Restore
Respect to the
HR Department
Promote Based
on Emotional
Intelligence
Re-invent the
Performance
Review
Enjoy Higher
Starting
Salaries
You can engage them if you know them
• Engage with common interest and
outside work space links
Connect
• Environment and climate of Gen Y
productivity-Focus on outcome, less
on process. They want flexibilityCreate
• Communicate openly and honestly
with Gen Y. They look for ‘real’ people
Communicate
Understand Adapt Leverage
Mantra for Managers
You can engage them if you know them. Contd.
• Admit Mistakes-Be upfront about
making mistakesTransparency
• performance and career planning ,
• provision of individual recognition
Focus on
Development
• The group is both ambitious and
impatientChallenging
• Constant feedback-appraisal
360X365Feed backing
• Partner in their growth planning
Feed-forward
Mantra for Managers
Confidentiality and IPR
16
This presentation has been built for academic purposes and for the benefit of students studying
Human Resource and Analytics. Barefoot Consulting and Analytics LLP is a research and
consulting organization , which will create exciting reports and analysis of Industry problems and
opportunities., working with, MBA students and channelizing and shaping their energy, passion
and special insights towards business solutions, in areas across Human Resources function but
not limiting to it!
Barefoot aspires and is destined to emerge as a specialized boutique consulting organization
serving global clients.
Barefoot strongly believes that Universities are most suitable ground for germinating and growing
seminal ideas,
concepts and work!
It has firm faith that uninhibited student mind is the best value thinker and value creator!
Barefoot Consulting and Analytics believes in generous sharing of knowledge from the Open
Source Platforms, as in software industry.
Come forward, share your experience, ask for help!
Let’s walk together, barefoot!

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Working and Learning with Gen Y

  • 1. Mrinal Krant MPM, 2003, SIBM, Pune Email: krantmrinal@rediffmail.co m Blog: Krantmrinal.blogspot.in LinkedIn: http://in.linkedin.com/pub/ mrinal-krant/3/a01/a69/ 1
  • 2. Who is Mrinal 2 Mrinal is a senior Human Resources professional and specializes in Talent Coding, Optimization and Development. Has done series of leadership development programs. He has been doing young CEO coaching for past 4 years. Worked with US MNCs and Global Consulting firms in India and in the US. Has been hiring from IITs, top NITs and ISB in India, besides University of Pennsylvania, Le High, Duke, etc, for Consulting and Analytics (Business Intelligence) companies. Mrinal brings specialist insights into "Total Rewards System", Organization Design & development, Review/Feedback/Feedforward/Speedback mechanisms, Succession planning, HR Analytics &Dashboards and also top talent search. Mrinal is a graduate from Delhi University and an MBA in Human Resources from Symbiosis Institute of Business Management (SIBM), Pune. Mrinal is an MBTI Certified Coach. He worked for, APC India, R&D Centre (Now APC-MGE, under Schneider Electric), ZS Associates and InfoCepts Technologies. Mrinal has served Border Security Force (BSF) Central Police Organization as Assistant Commandant. Went to JNU for Masters in Ancient History. Was rank-1 in All India Entrance exam. He is a Blogging enthusiast and active participant on Linked In and Quora forums. http://krantmrinal.blogspot.in/ http://www.quora.com/Mrinall-Krant
  • 3. Agenda  Who is Gen Y?  The new rules for the Gen Y  Key Notes from McQueen’s desk  Gen Y- beliefs, traits and values?  Do we shape them or they are shaping us?  What kind of work-place are they shaping?  What Gen Ys have to tell?  How to manage them, learn from them and leverage their beliefs and strengths?  Q&A 30 mins 15 mins
  • 4. History and future of generations 4 1945 1960 1965 1980 1995 2000 2010 2025 Baby Boomers Generation Y Generation Z Generation AlphaGeneration X Divided into „Hippies‟ and „Yuppies‟, they were raised by the ‘Builders’ Also known as ‘ Latchkey Kids’, they were raised by the early baby boomers Likely to be ‘Google Kids’ Also known as the ‘ Millennial Generation’, they were raised by the late baby boomers Also known as ‘Digital Natives’, they are being raised by Generation X Ref : Grail Research, 2010
  • 5. Shift in demography5 83 11 55 39 40 23 207 75 11 53 37 41 24 222 60 27 2 16 12 9 5 38 92 35 3 18 14 13 7 54 Region Country Working age (15-60 years) Retiree (60+ years) North America Europe Asia 2008 2020 Significant shift SOURCE: McKinsey
  • 6. Workforce composition 2010:2020 6 Generation 2010 2020 Overall population 1220 Mio 1326 Mio Boomers 38% <15% Gen X 32% <25% Gen Y 25% 45-50% Gen Z Na 10%
  • 7. Who is Gen Y  “Generation Y ”—born between 1980 and 1989  Most of India‟s high-potential employees (64%) and middle managers (55%) are Gen Y "To some, they are the tech-savvy, well educated and ambitious youngsters poised to take on and change the world. Others, however, describe a disloyal, disrespectful and demanding generation who have never learned to wait or really work hard for anything. Born between the early 1980's and the late 1990's, Generation Y has certainly caused a stir in recent years. Michael McQueen, is a Sydney-based speaker, social researcher and business owner, founder of the Nexgen Group. Consulted , coached 90 K people on last 5 years.
  • 8. Key notes form McQueen‟s desk • Fast paced, Revealing, Redefining, re-shaping tomorrow’s leadership De-coding Generation Y • Strategies for managers and leaders : the benefits of attracting, motivating and retaining Gen Y employees Managing Gen Y Master-class • How and why the generational diversity in a team can lead to misunderstandings and conflict. Understanding the Generations @ Work • Strategies for developing targeted, age-specific messages. Marketing to the Generations • To assist young managers avoid conflict and miscommunication when managing older workers. Managing the Mature- aged Workforce
  • 9. Gen Y: beliefs, traits and values BELIEFS • Can take career decisions for themselves • Know how to Do the right thing • Know how to Get it right • They have right to be Treated right TRAITS • Politically Aware • Involved • Tech Savvy • Highly Educated • Innovators VALUES • Work-life balance • Flexibility • Open communication • Clear feedback and feed-forward • Innovation/work around • Sense of worth and sense of growth
  • 10. The new rules for the Gen Y Some HR specialists have produced guidelines for managing the Under 24’s in the workplace- It seems increasingly clear that Generation Y wants the workplace to be fu relaxed, and non traditional Allow some flexibility in day-to-day scheduling. Focus on work outcomes, but be personable and have a sense of humour. Provide ongoing training and learning opportunities Offer increasing responsibility as a reward for achievements as they happen; Wherever possible, provide challenging work that really matters; Treat them as colleagues, not as beginners or kids; Use innovative ideas for creating a more comfortable, low-key, low-stress workplace
  • 11. Do we shape them or they are shaping us? It is important that managers do not get hung up on behind your desk means work!! The differentiator-Shaper, Gen Y. Beyond the “DESK” Behind the change Reversing the gen X trend
  • 12. The key factor called “Life”
  • 13. What Gen Ys have to tell Hold Only Productive Meetings Shorten the Work Day Bring Back the Administrative Assistants Redefine Retirement Find Real Mentors Continue to Value What Our Parents Have to Offer Restore Respect to the HR Department Promote Based on Emotional Intelligence Re-invent the Performance Review Enjoy Higher Starting Salaries
  • 14. You can engage them if you know them • Engage with common interest and outside work space links Connect • Environment and climate of Gen Y productivity-Focus on outcome, less on process. They want flexibilityCreate • Communicate openly and honestly with Gen Y. They look for ‘real’ people Communicate Understand Adapt Leverage Mantra for Managers
  • 15. You can engage them if you know them. Contd. • Admit Mistakes-Be upfront about making mistakesTransparency • performance and career planning , • provision of individual recognition Focus on Development • The group is both ambitious and impatientChallenging • Constant feedback-appraisal 360X365Feed backing • Partner in their growth planning Feed-forward Mantra for Managers
  • 16. Confidentiality and IPR 16 This presentation has been built for academic purposes and for the benefit of students studying Human Resource and Analytics. Barefoot Consulting and Analytics LLP is a research and consulting organization , which will create exciting reports and analysis of Industry problems and opportunities., working with, MBA students and channelizing and shaping their energy, passion and special insights towards business solutions, in areas across Human Resources function but not limiting to it! Barefoot aspires and is destined to emerge as a specialized boutique consulting organization serving global clients. Barefoot strongly believes that Universities are most suitable ground for germinating and growing seminal ideas, concepts and work! It has firm faith that uninhibited student mind is the best value thinker and value creator! Barefoot Consulting and Analytics believes in generous sharing of knowledge from the Open Source Platforms, as in software industry. Come forward, share your experience, ask for help! Let’s walk together, barefoot!

Editor's Notes

  1. Share research and findings
  2. Explain each point with examples
  3. Talk about fun@work as work consumes most of active time Unwinding, recharging, vitalise relationships and thoughtsSocial bonding , connecting the missing dots..
  4. Explain with examples , how and why?