Millennial Myths: They are not unique or the lazy, entitled, spoiled stereotype everyone says they are | Talent Connect 2016
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Gregory Giangrande, Time Inc. Millennials are not a problem. They’re a marketing construct. Young people today are no different than they were throughout history – challenging the status quo, questioning authority and seeking to make their mark. Take for example the hippies of the 60s, the radical anti-war protesters of the 70s, the treehuggers of the 80s, or the yuppies of the 90s. Sure, there are key differences. Today’s 20-somethings grew up with instant access to information and new technology. They’re members of a global community and represent the most ethnically diverse generation yet. But they want the same things from work that any of your brightest employees do: respect, autonomy, and the opportunity to own their careers. Session highlights: We’ll dispel pervasive millennial myths – and unpack why perpetuating them is destructive to your organization. We’ll uncover how to recruit, hire and engage the best millennial talent – which doesn’t mean turning your workplace upside down. We’ll discuss how to create an impactful and inclusive culture that optimizes your company’s productivity. Check out the best of Talent Connect: http://bit.ly/2e5ojNe
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Millennial Myths: They are not unique or the lazy, entitled, spoiled stereotype everyone says they are | Talent Connect 2016
- 2. Greg Giangrande CHRO & EVP, Time Inc. Millennial Myths: They are not unique or the lazy, entitled, spoiled stereotype everyone says they are
- 4. How many of you have discussed “the problem of Millennials” in your companies?
- 5. We spend millions on Millennial retention programs annually.
- 6. Millennial turnover costs companies $30.5 billion annually.
- 7. Let me save you some money.
- 8. “Millennials” are a marketing construct.
- 10. Young people haven’t really changed.
- 11. ’s
- 13. ’s172 Million +
- 14. 2.2 Billion
- 15. Alexander the Great, 330 BC Mark Zuckerberg
- 17. “Never have the young been so assertive or so articulate, so well educated or so worldly. Predictably, they are a highly independent breed…their independence has made them highly unpredictable.” 1966
- 18. We’re always trying to label the next generation.
- 19. We’re now on generation Z... We’ve officially run out of the alphabet. What comes next?
- 20. Generation AA – the battery generation? Actually they’re being called generation Alpha.
- 22. 2015
- 23. By 2535, you’ll have generation AAA
- 24. By by 2615, you’ll have generation EEE, the ecstatic generation
- 25. By 2735, you’ll have generation KKK, which will be unfortunate for them.
- 26. By the year 2975 we’ll have generation XXX
- 29. We haven’t been around that long, and our brains have been almost exactly the same for the past 10,000 years.
- 31. So who are they, really?
- 32. Millennials are 83 million strong. It’s the largest generation in history.
- 33. They are the most diverse generation, with 43% identifying as belonging to a minority group.
- 34. 20% of Millennials are Hispanic.
- 36. 22% have a college degree.
- 37. 30% live with parents.
- 38. 66% are single.
- 39. 20% live below the poverty line.
- 40. 2% are veterans.
- 41. 7% are LGBTQ.
- 43. 57% are white.
- 44. 25% speak a language other than English at home.
- 45. 33% do not have a religious affiliation.
- 47. 1% are Jewish.
- 48. 2% are Mormons.
- 49. The highest growing Millennial population in the US is in San Antonio, Texas.
- 50. The next highest is in Riverside-San Bernardino, California.
- 51. To believe in Millennial stereotypes is to believe that you can homogenize 83 million people.
- 52. Myth #1: Millennials need lots of perks.
- 53. False! They need what everyone wants and needs – a sense of place and purpose.
- 54. Teach them The 5 Things.
- 55. Company Mission
- 56. Company Mission Why their business function matters
- 57. Why their role (and THEY) matter Company Mission Why their business function matters
- 58. How they’re performing Why their role (and THEY) matter Company Mission Why their business function matters
- 59. Own Your Career How they’re performing Why their role (and THEY) matter Company Mission Why their business function matters
- 60. Myth #2: Millennials are hard to engage.
- 61. False! All they do is engage.
- 62. They even engage with their food.
- 64. 20-somethings have always engaged – the tools have just evolved.
- 69. Make sure your learning tools are as easy to use as Instagram or Facebook.
- 70. Our online classroom is multiplatform and simple to use.
- 71. Myth #3: Millennials are hard to retain.
- 72. That’s kinda true. But it’s not new.
- 73. We’ve always told 20-somethings to explore.
- 74. Relentlessly promote talent mobility.
- 75. Time Talent First is our talent philosophy.
- 76. Myth #4: Millennials need special attention.
- 77. False! They need the same feedback that every employee needs.
- 78. They just haven’t been weaned off constant feedback yet.
- 82. And don’t make it an officious administrative process.
- 83. Time Inc. Reputation Index Giving constructive feedback Motivating direct reports Setting the culture of your team Leading effective meetings Leading with integrity & EQ Interviewing & hiring the best Communicating goals Executive presence Building influence
- 84. Myth #5: You need to adapt to “spoiled, lazy entitled.”
- 85. Absolutely not. Exorcise out that behavior or exit anyone who exhibits it from the organization.
- 86. And reinforce the culture you want throughout your organization.
- 90. If you manage to a stereotype, you are undermining the value of the group – and creating a self-fulfilling prophecy.
Editor's Notes
- Body poll – Greg interacts with audience Q1: How many of you have had discussions about the problem of the Millennials in your office? Q2: How many of you have implemented programs or created trainings on dealing with Millennials? Q3: How much money do you think you’ve invested in these programs? You should give me 1% of that and keep the rest, I’ll fix your Milliennial problem right now. And here’s the big secret that no one will tell you: Millennials are no different from the rest of us.
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- Millennials are a marketing construct. Possibly constructed by the people who do the United Colors of Benetton commercial.
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- Cleo had lots of boyfriends and was super flighty and ambitious. So did Taylor. In the 20’s – 20 BC – Cleopatra was the world’s “first celebrity” at 29 with her love/death/power struggle situation (can be compared to Taylor Swift/Kardashians, even though that might offend Greg)
- Taylor has lots of boyfriends too and is trying to rule over an empire. She has lots of followers. 91.5 million instagram followers Do you know who else has lots of followers? Jesus. Without technology.
- Greg has 2.2 billion followers, and that’s without social media.
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- This is a trend forecasting article from september 2015!!!! WHOA.
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- It doesn’t take a decade for any sort of evolution to change – It take a billion years! *if we use brain specifically we can say 10,000 years, that’s the brain number
- It doesn’t take a decade for people to change – It take an average of a million years! And we’ve only existed for about 100,000 years.
- Our brains just don’t change that quickly – it take x amount of years for a part of a brain to develop. MZ to stylize. http://www.scientificamerican.com/article/how-has-human-brain-evolved/ The point is that evolution takes a million years and we havent changed in 10000.
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- By reducing M’s to a stereotype we sanitize what’s great about them. The truth is, we need the younger generations to keep us fresh, informed, on our toes. Actual # is 83.1 million, from 2015 US census report.
- https://www.cebglobal.com/member/corporate-leadership-council/research/general/14/infographic-understanding-and-managing-the-millennial.html?cid=101257505&utm_campaign=CLC-vjaitly-06.17.2014-M-BW-NL-News-All-All-All-ML-CLC%20Only%20InHouse&utm_medium=email&utm_source=Eloqua
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- https://www.cebglobal.com/member/corporate-leadership-council/research/general/14/infographic-understanding-and-managing-the-millennial.html?cid=101257505&utm_campaign=CLC-vjaitly-06.17.2014-M-BW-NL-News-All-All-All-ML-CLC%20Only%20InHouse&utm_medium=email&utm_source=Eloqua
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- Mi
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- NINA LEEN, 1944, TIME/LIFE ARCHIVES
- 80s photo of person on phone/
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- https://www.cebglobal.com/member/corporate-leadership-council/research/general/14/infographic-understanding-and-managing-the-millennial.html?cid=101257505&utm_campaign=CLC-vjaitly-06.17.2014-M-BW-NL-News-All-All-All-ML-CLC%20Only%20InHouse&utm_medium=email&utm_source=Eloqua
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- So why are we surprised that they turn over at a higher rate than other employees? 18-24 months
- How do you solve for this? Show them that they have a future at the company by giving them the prospective of multiple careers in their positions. They want to experience-hop, not career-hop. * CEB Is source. Millennials that have one foot out the door feel neglected. * Deloitte https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-millenial-survey-2016-exec-summary.pdf
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- https://www.cebglobal.com/member/corporate-leadership-council/research/general/14/infographic-understanding-and-managing-the-millennial.html?cid=101257505&utm_campaign=CLC-vjaitly-06.17.2014-M-BW-NL-News-All-All-All-ML-CLC%20Only%20InHouse&utm_medium=email&utm_source=Eloqua
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- Since chilfhood
- SO for 20 years they’ve become addicted to it. How can we expect them to quit craving feedback cold turkey?
- Need a better calculation image.
- Stop complicating feedback. Don’t make it an officious administrative process.
- https://www.cebglobal.com/member/corporate-leadership-council/research/general/14/infographic-understanding-and-managing-the-millennial.html?cid=101257505&utm_campaign=CLC-vjaitly-06.17.2014-M-BW-NL-News-All-All-All-ML-CLC%20Only%20InHouse&utm_medium=email&utm_source=Eloqua
- 80s photo of person on phone/
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- How do you solve for this? Show them that they have a future at the company by giving them the prospective of multiple careers in their positions. They want to experience-hop, not career-hop. * CEB Is source. Millennials that have one foot out the door feel neglected. * Deloitte https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-millenial-survey-2016-exec-summary.pdf
- The company wrote in the email that employee perks in total have been costing Dropbox at least $25,000 a year for each employee. Based on Dropbox's roughly 1,500 headcount, that would translate to about $38 million a year. At that scale, any kind of cost savings would help improve its bottom line.Dropbox declined to comment
- By reducing M’s to a stereotype we sanitize what’s great about them. The truth is, we need the younger generations to keep us fresh, informed, on our toes. Actual # is 83.1 million, from 2015 US census report.