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10.15.2014
©2014 Volt Information Sciences, Inc. All rights reserved. Proprietary & Confidential
Multi-Generational Workforce:
Mentoring Millennials
Linus Law
Branch Manager, Administrative & Industrial
LLaw@Volt.com
Charles Herchelroath
Manager, Training and Development
CHerchelroath@Volt.com
Introductions
2
The Multi-Generational Workforce
Generation Years Born Age
Work Place
%
Traditionalists 1922-1945 69-92 4.2%
Baby Boomers 1946-1965 49-68 38.1%
Generation X 1965-1980 34-49 32.2%
Generation Y
/Millennials
1981 – 2000 14-33 25.5%
3
Millennials want…
From their boss From their company
Guidance Investment
Feedback Strong Values
Mentorship Flexible Benefits
Formal Development Balance
Flexibility Career Path
4
What do they want…
5
30%
formalized mentorship programs
69%
hands on guidance from their supervisor
74%
supervisor to set specific short-term goals
59%
invest in them long-term
The Future Workforce,
The Current Dilemma
Millennials will
make up 75%
of the workforce
by 2025
91% of
Millennials expect
to stay in a job 3
years or less
6
Millennials are…
Entitled
Narcissists
OR
Innovative World
Changers
7
Characteristics
Connected
Learners
Contributor
Collaborative
Feedback
Scheduled
Achievers
8
Socially Conscious
Work-Life Balance
Multi-Taskers
Entitled
Return on Investment
Company A
23% higher retention rate
amongst mentees
20% higher retention rate
amongst mentors
$6.7 million estimated
savings
10
Company B
$1.00 invested = $2.28
back in increased
retention and
productivity
Mentorship Strategies
Micro-feedback
Provide succinct feedback in near real
time
Reverse Mentoring
Match entry-level employee to a senior-
level executive
Anonymous Mentoring
Anonymity ensures that ideas and issues
are more freely shared
11
Mentorship Strategies
Online Group Mentoring
Collaboration tools used to connect a
single mentor to multiple employees
12
Best Practices
Establish a relationship based on frequent and open
communication
Formal meetings should occur on a regular basis
(monthly)
Mentorship should last for at least the first 90 days
Intentionally match mentees to mentors
Train your mentors
Make it standard
Measure
13
Thank You

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Generations 2