The Millennials are Coming: Preparing for the Cogenerational Workplace
1. PRESENTATION TO
PARADISE FOODS
MANAGEMENT GROUP
December 7, 2011
Jim Finkelstein
President and CEO
FutureSense, Inc.
www.fusethebook.com
www.futuresense.com
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11. 1. You showed up here
even though nobody
called you…
2. You want to get paid
for an answer I
already knew…
3. To a question I never
asked…
4. And, you don’t know
anything about my
business!
15. A Millennial in Boomer Clothing
Entrepreneur and Business
Owner, FutureSense, Inc.
Partner – Arthur Andersen
CEO of wholly owned subsidiary
of publicly traded company -
Willis Corroon
Corporate executive, Pepsi-
Cola, American Can, Emery Air
Investor, LinkedIn and RockTech
Domain expert, Callidus Software
Former Board member, Enwisen
Board member, numerous non-
profits for 35 years
Author and movie and record
executive producer
Soccer referee and former coach
Husband and dad
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21. Cultural DNA Crosses All
Demographics…
Gender Age Ethnicity Income Political
Orientation
Gender Age Ethnicity Income Political
Orientation
Gender Age Ethnicity Income Political
Orientation
Gender Age Ethnicity Income Political
Orientation
Gender Age Ethnicity Income Political
Orientation
Gender Age Ethnicity Income Political 21
24. Multi-Generational View of
Millennials
• Generation Y
• iGeneration
• Digital Natives
• Generation Why
• Generation
Whiner
• ADHD
Generation
• Adultolescents
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25. Multi-Generational View of
Boomers
Generation Me
Hippies
Love Generation
Self-absorbed
Generation
Largest and richest
generation
“As a group, Boomers are self-
conscious, reflective and judgmental. We
Pig in the Python
are the „me‟ generation. You are the „why?‟ Generation
generations.” -- G.L. Hoffman, CEO and
Chairman of JobDig
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29. Impact: United Voting Block
Needs Wants Values Characteristics
Millennials Jobs Flexible work Work/life balance Boomeranging
environment and survival back in with Mom
and Dad
GenXers Jobs To get back on Work/life balance Boomeranging
the upward and money back in with
ladder friends and family
Boomers Jobs To retire (for a Work/life balance Boomeranging
while - tired) and money back in with kids?
Seniors Jobs To re-retire (not Work/life balance Taking them all in
enough money) and money at the retirement
community
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30. Impact: War of the Generations
Gridlock
Not enough
jobs to go around
Underemployed
New job search
tools
Interview
competition
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31. Impact: Boomerang Effect
Multi-generational households grew by
2.6M between 2007 and 2008 (Pew
Research)
40% of 2008 graduates and 42% of
2006 graduates live with their parents
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33. Implications For Millennials
Managing Mom and
Dad
Accepting Feedback
Appropriate
Communication
Multiple Bosses
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34. Implications for Boomers
Become Tech Savvy
Embrace Benefits of Social Media
Let go of Stereotypes
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35. Implications: For
Employers
Buyers Market
High Cost of
Millennial Turnover
Multi-channel
Communication
Build Strong
Employer Brands
Personalize Benefit
Choices
Reexamine your
People Practices
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36. Why it Matters: Engagement
Low Engagement
Operating income declined 32.7% (Towers Watson)
62% more accidents with scores in lower quartile.
(Gallup)
High Engagement
More productive, profitable, safer, healthier, and 87%
less likely to leave their employer. (Corporate Leadership
Council & Fleming & Apslund)
19.2% improvement in operating income (Towers
Watson)
EPS growth rate of 89 organizations with engagement
scores in the top quartile was 2.6 times that of
organizations with below average scores. (Gallup)
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39. Employee Lifecycle
Touch Points
6 Phases 2 Overarching
Attracting Constructs
Acclimating Social Networking
Retaining Employee
Inspiring Engagement
Fulfilling
Transitioning 11 Segments –
What about
those
Millennials?
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40. Attracting
Demand Creation Don’t be an ostrich.
What’s the social media Monitor
buzz about your Glassdoor.com, emp
organization? loyeedirt.com
Does your website
wow? Entice me and let me
Does anyone manage
interact
your employer brand? Pictures compel, so
What’s your does a higher
organization’s higher purpose
purpose?
Product brands
aren’t enough –
what’s the employee
brand
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45. Attracting (Cont.)
Recruiting Need to be everywhere
Where will – Monster, Twitter,
Millennials find you? Facebook, LinkedIn, etc
Connect them to great
Are you
masterminding first coworkers, introduce
impressions? benefits early in the
hiring process
How fast can you
hire? Rework your processes
1 week is ideal
Do your want ads
lie? Match ad to job
description, align
interviewers and ensure
the work experience is
as promised
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46. Attracting (Cont.)
Be Impressive
First line of the job posting has to
convey the organization’s purpose
Fast, easy job search functionality
Position match notification
Video to tell your company story
No “motherhood and apple pie” values
Corporate social responsibility counts
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47. Acclimating
Onboarding Manager hosts and
Do you delight on day makes introductions
one? Map out the
What has to happen experience employees
in the first 100 days? have in their first 100
days
How does a new hire
Have your CEO teach
get smart about your
brand and culture? the culture and
company story
Is it time to lose your
Get tech tools in their
old school social
media access hands day one
policies?
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48. Acclimating (Cont):
Millennial Work Wish List
Findings from Cisco Connected World Technology Report
Accommodates social media
Gives device freedom
Supports remote working to accommodate their lifestyle
Allows flexibility to explore and innovate
1 in 3 college students would prioritize social media & flexibility over
salary when accepting a job
More than half of young professionals would rather lose their wallet
before losing their Smartphone
2 in 5 young employees would accept a lower-paying job for more
social media flexibility & work mobility
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49. Acclimating (Cont)
Supervision Assess the attitudes of
your people managers
Are managers Institute reverse
harboring mentoring between
generational bias? millennials and boomers
Make sure managers use
What can you a mix of the latest
learn from your communication
Millennials? channels- blogs, video,
etc to get their message
Do your managers heard…more pictures,
stay connected less words – be human
and authentic
and get their
message heard?
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50. Acclimating:
Blogs Extol Reverse Mentoring
Cisco Blog The Jack Welch ordered GE’s top 600
Results: How Reverse managers to reach down into
Mentoring Can their ranks for Internet junkies
Enhance Diversity and and become their students.
Source: Forbes
Inclusion
Laura Earle October 11, 2011 at
7:59 am PST
Blog Reverse Mentoring is
All About Screwing in the
Lightbulb before Flipping
Benefits the Switch
Shared Learning May 12, 2010
Honesty/Respect Shala Byers is the creator
of Booz Allen‟s Reverse
Relationship Mentoring Program for 20,000
employees
Continuation Reverse Mentoring led to :
Brainstorming Sessions
Enhanced Client Offerings
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51. Acclimating:
Advice From Cisco
Top 5 Areas to Mentor
1.) Communication and style
2.) Cultural knowledge
3.) How to be a better leader
4.) Relationship with team
5.) Change management
Other topics: work-life balance, how to juggle a
family and a career and how a senior woman is
perceived in a circle of senior men
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52. Acclimating:
Get with the Program!
“The future of business is social.“We have
to stop thinking about our companies as a
corporate ladder. It doesn’t resonate with
me, it doesn’t resonate with my peers. If we
want to be an organization that really
embraces change and adopts and is
innovative, we need to think
faster, smarter, social.”
Alexa Scordato
Community manager at 2tor,
an education technology startup
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53. Retaining
Compensation and Bring people in at
Benefits the right salary
Do you pay for Let employees
performance, potent choose benefits
ial, both? that fit their
How much priorities
employee choice is Be clear about
built in to your your comp
benefits? philosophy – and
How do you use why it is
base and competitive
incentives?
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54. Retaining (Cont)
Learning and Career Millennials will
Development want to move
How often are people every 18 months
moved to different Tie promotions to
jobs?
tangibles so the
What does it take to
get promoted?
process feels
Is training interactive
equitable
and online? Offer interactive
Do you do strategic online training as a
workforce planning? learning option
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55. Inspiring
Reward and Find small ways to
shower people with
Recognition recognition
Do pennies rain down Make recognition timely
on desks? and personalized
Is recognition having Look at non-traditional,
an impact? free forms of recognition
Variety is the spice of – the ability to choose
recognition your next assignment,
seeking input on a
Do your managers decision, other ways to
deliver? show people they are
valued
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56. Inspiring (cont): Recognition
and Organizational Health
“Senior management‟s
ability to demonstrate
genuine interest in
employees is the top
engagement driver
globally.”
“Strong manager
performance in
recognizing employee
performance increases
engagement by 60%.”
Towers Perrin Study
Higher engagement levels produced shareholder returns 9.3%
higher than the returns for the S&P 500 from 2002-2006
57. Inspiring (Cont).
Recognition
Challenging Assignment
Choice of new Assignment
Day off of Work
Consult my Expertise
Request my Input on
Decisions
Trust my Intentions
Hear kudos from my
Manager, in addition to
Team leader
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58. Inspiring (Cont)
Performance
Management
Do you offer 30
day reviews?
Do you have a
culture of ongoing
feedback?
Do reviews play
into promotion
decisions?
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59. Inspiring (Cont)
The Feedback Planner
1. Describe Current Behaviors 4. Identify Alternative Behaviors
Describe current behaviors that you want to Identify alternative behaviors and actions for
reinforce (praise) or redirect (criticism) to you, the employee, and others to take to
improve a situation. improve a situation.
*Be Specific With Behaviors *Be Encouraging And Offer Ideas
*Be Descriptive *Be Creative With Options
*Be Brief *Be Part Of The Plan
*Be Available And Open *Be Optimistic
*Be Patient Box 4 is where problems with undesirable
*Be Prompt behavior (being criticized) are creatively
*Be Sensitive To Time And Place solved, and benefits with desirable behavior
Box 1 of the Feedback Planner provides the (being praised) are reinforced and
foundation for a mutually agreed upon and capitalized on.
understood perspective of the current
behavior.
2. Identify Situations 3. Describe Impacts and Consequences
*Be Factual With Examples *Be Precise And Selective
•Box 2 confines the current behavior to a *Be Objective
time and place. *Be Supportive
Box 3 spurs behavior change – it justifies
and sells the need for change.
60. Fulfilling
Social Responsibility Millennials want to
Need help going make the world a
green? better place – give
them time to do that
Do you give paid time
Community support is
off to volunteer?
an ideal avenue to
What causes do you bring Millennials and
support through Boomers together
formal programs?
What you support
Do you sustain during hard times
programs during good speaks volumes
times and bad?
Most Millennials want
a hand in green
initiatives – give them
one if you can
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61. Fulfilling (Cont):
Employee Volunteerism Trends
1/3 of US Corporations What is your
have some form of organization doing?
Employee Volunteer
Program (EVP)
Two models:
Employer-initiated
Employee-led,
Most companies have
both types.
Community action
days are most
popular.
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62. Fulfilling (Cont):
Dollars for Doers
Company Grant Amounts
Adobe Systems $125 for every 10 hours
Amgen $500 for every 15 hours
Bank of America $250 for 50 hours; $500 for 100 hours
Gap $100 for every 10 hours
GlaxoSmithKline $500 for at least 50 hours
Google $50 for every 5 hours
Johnson & Johnson $250 for at least 40 hours
Merck $400 for at least 40 hours
Microsoft $17 per hour
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Novartis $250 for at least 40 hours
63. Fulfilling (Cont)
Work/Life Balance
What’s your
organization’s
philosophy on
work/life balance?
Can people flex
their schedules?
Do you help people
manage stress?
Are managers
trained to support
work/life balance?
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64. Transitioning Cisco Systems – “Typical huge
company”
“Company is losing full time employees
Termination rather quickly. The good employees are
leaving to take better offers, and the bad
How do you ones are sticking around. People who left
handle force were offered 20% more to work elsewhere.
reductions? Lost positions are typically not being
backfilled. I have no visibility with my
How do you current manager now, which will greatly
preserve tribal stunt my career growth. There are no plans
knowledge? to have a US manager.” Glassdoor.com
What will
employees say
after they leave?
64
66. Your turn
What other
challenges are you
facing working with
Millennials?
How is Paradise
Foods capitalizing
on the power of the
new
Cogenerational
Workplace?
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At an age when many start thinking about retirement, Alan Moore is restarting his football career.Moore, a 61 year-old Vietnam veteran, will kick this fall for Faulkner University, a small Christian school in Montgomery, Ala., 43 years after his initial college career was cut short by Vietnam. When he took the field against Ave Maria on Sept. 10th, Moore was the oldest player ever to take the field for a four-year university.Moore was only able to play his freshman year at Jones County (Miss.) Junior College before heading off to Vietnam for 11 months [in 1968]. Watching a football game in 2009 inspired him to purchase footballs, build goal posts in his daughter's back yard, and practice kicking.
From the 1900s to today, people’s idea of work and life balance has changed. This is reflective in the changes in culture and world history. As we can see by this picture, you have these people born in the turn of the century, working hard, and that’s all they did. Then, the 1950s, with the baby boomers, very distinct roles, mother was at home, father was at work. Father comes home “Honey I’m home! What’s for dinner?” And business was left at the office. As this depiction progresses, we get more life and less work. I bet we all would love to be at 2050! When we look at it, drawn out like this, it is interesting to see how very different these ideals can be, over such a small amount of time. This is what we have in our offices now. We have some traditionalists, who believe in hard work, all work. You have baby boomers trying to keep work and life separate, wanting to continue to work hard, but finding that it is hard to have a fulfilled professional life, and home life at the same time. Sitting right next to that employee, you have another employee from Generation X, pushing for a medium road, a perfect work/life balance. Now, the intern walks in, a Millennial, who is more concerned about life and traveling, and what is in it for them, to be worried about anything else. To all of these people the definition of “work” and “life” are very different. But then again, these definitions will continue to change and take different shapes as new generations emerge and old generations retire.
Physiological NeedsPhysiological needs are those required to sustain life.According to Maslow's theory, if such needs are not satisfied then one's motivation will arise from the quest to satisfy them. Higher needs such as social needs and esteem are not felt until one has met the needs basic to one's bodily functioning.SafetyOnce physiological needs are met, one's attention turns to safety and security in order to be free from the threat of physical and emotional harm. Such needs might be fulfilled by:Living in a safe areaMedical insuranceJob securityFinancial reservesAccording to Maslow's hierarchy, if a person feels that he or she is in harm's way, higher needs will not receive much attention.Social NeedsOnce a person has met the lower level physiological and safety needs, higher level needs become important, the first of which are social needs. Social needs are those related to interaction with other people and may include:EsteemOnce a person feels a sense of "belonging", the need to feel important arises. Esteem needs may be classified as internal or external. Internal esteem needs are those related to self-esteem such as self respect and achievement. External esteem needs are those such as social status and recognition. Some esteem needs are:Maslow later refined his model to include a level between esteem needs and self-actualization: the need for knowledge and aesthetics.Self-ActualizationSelf-actualization is the summit of Maslow's hierarchy of needs. It is the quest of reaching one's full potential as a person. Unlike lower level needs, this need is never fully satisfied; as one grows psychologically there are always new opportunities to continue to grow.Self-actualized people tend to have needs such as:TruthJusticeWisdomMeaningSelf-actualized persons have frequent occurrences of peak experiences, which are energized moments of profound happiness and harmony. According to Maslow, only a small percentage of the population reaches the level of self-actualization.
So …. Understanding is the first task. The media tell us that Boomer managers, who have shaped the workplace and the workforce in their own image, just don’t understand what makes iGens tick. This lack of understanding can have a very poor outcome for both groups. キiGen attributes are neither right nor wrong, even when measured against Boomer expectations: They are just different. キBoomers love to tell tales of the iGens’ narcissism and entitlement, because it makes the Boomers look so good by comparison. キThis is a mandate, not a desire: Organizations, managed largely by Baby Boomers, must have iGen workers, as 64 million skilled Boomers will retire by the end of the decade.Remember Spiral Dynamics – Underlying characteristics span generations.
We see that each generation has specific strong suites. Baby boomers can mentor and assist with creating a goal oriented mind set, working towards a common goal. Generation Xrs can mentor the other two in balance work and life, and build a technology bridge between the tech savvy Millennials and the print and paperwork savvy baby boomers. The Millennials can assist in team building and spearheading social media projects. If we align and support these values and personalities, we can make it work.
The RECESSIONMoney needs to last longer80 million millennialsSPIRITUAL,Intellectual AND PHYSICAL stimulationSocial media
Now Millennials, they are family centric, they want that same work life balance, more emphasis on life. They work to live, they do just enough to make them happy. They want attention for their accomplishments, but they are also team players. Although people reach certain ideas in a different way, or they have different ethics and personality traits, the differences in the generations are not as colossal as they might seem. Especially basic needs.No matter the age/generation, we are all working for the same thing: money, personal gain, success.
disengaged workforce, stressed out workforce, bummed out workforce -- costs! Site statistics from InfoTool presentation
Follow your company on these sites and listen to the feedback. Work with your HR and PR team to respond appropriately. Staying silent or dismissing the disgruntled in an ostrich move. Want to share a few site to show you examples of strategic organizational branding.
Plantronics….Product brand is Sound Innovation Employer Brand is Sound Choice. This page lets you hear employees tell you all about what makes Plantronics a great place to work.They could use an update to include a few more millennial faces but they are on the right track.
The Army is masterful. Engaging, higher purpose, strong use of video. The home page has 7 scenarios…see the yellow oval…you can pick which one you relate to most as they rotate through. They are very YOU centric. Is your site written as though you are having a conversation with a friend? Tone of voice speaks volumes about the organization’s culture and gives clues about the work environment.
On to a gamer company…Zynga – here’s the home page that shows off their games. Very visually energetic and engaging. Now let’s look at their careers page….
Preserves the sense of fun visually. Consistent brand message….our work is playThis should wow a millennial but what if they want to attract Boomers? How can they strike a balance.And its not just about looks…. The best sites do several other important things which I will talk about when we get to recruiting.
Enlist a savvy Millennial to run your social media recruiting efforts or at least collaborate with the person who runs them People stay in jobs because of their coworkers. Get those relationships started early. Introduce Millennials to your shining star performers so they get good role models.First impressions – Genentech has an intranet site where you can take a guided benefits tour. It’s password protected but available to candidates and their significant others….mom and dad will no doubt want to help their Millennials assess the benefit package.
Onboarding Wow! Build an onboarding process and interactive website that includes activities and checklists. Design it to engage managers in making sure their new hires meet the right people, get the right education, have formalized opportunities for feedback, and shorten their learning curve about the company and the job. Put your policy manuals online and make them interactive to help employees review and learn the “rules” Don’t overlook the need to set the tone about culture and to teach employees how to deliver on your brand promise. The most successful companies teach those lessons early and communicate them from the top, reinforcing them at all levelsTech tools are a must. Share your policy about use and be open to rethinking access to social media sites. Millennials will use them to get the job done and will replace water cooler chat time with online chat time.
Refer back to the word association exercise for Millennials and Boomers or do the exercise here if you haven’t already
What sessions evolved into is what made the pilot even more interesting than we could have ever imagined:Brainstorming Sessions: We found out that senior leadership in the firm is often so focused on their market or area of expertise that they seldom get a chance to sit around the table with their peers to brainstorm. They benefited as much from hearing from their mentors as they did from speaking with one another. Client Offerings: Opportunity for junior staff to showcase client capabilities they were developing as a way to add value to their existing projects. It afforded our leadership a time and place to sit and connect the dots regarding how they could harness these tools for existing and future issues.
Jim- This has an inclusion and diversity slant but I think these 5 areas are pretty universal.1) Communication and style was the most popular area this year. Some mentors looked at how their mentee communicates with his/her team and how inclusive their behaviour is. We had quite a few mentors sit in their exec’s team meetings and analyse them from an Inclusion and Diversity perspective. Some mentors reached out to their mentee’s teams and got feedback on how they communicate and areas for improvement which they fed back to their mentee.2.) Cultural knowledge – Quite a few people “tested” their executive about how well they knew their team, particularly in terms of their different cultures and languages, and encouraged this as an avenue for an exec to connect to and collaborate with his/her teams but also for team members to do the same with one another and also a channel for the team to connect with their customers.3.) How to be a better leader? This was a very popular theme for this year – what makes a great leader? What does success look like? Where Cisco Services is heading and what is the role of that Executive on that journey?4.) Relationship with Team – Many mentors looked at how their mentee could use Inclusion and Diversity to a) connect to their team, particularly those that are remote, and b) to encourage their teams to participate in meetings and discussions. Other mentors looked at how their Exec could encourage their teams to practice inclusive work habits to build relationships with their team members and relevant stakeholders.5.) Change Management – Cisco has been through a huge amount of change in the past couple of months and this was a popular discussion topic for mentors and mentees. Some mentees were managing a new team and wanted help with connecting with that team; some mentees were managing teams that had been personally affected by the workforce reductions; some wanted to refresh how they engage with their team from a fresh perspective.Other topics included work-life balance, how to juggle a family and a career and how a senior woman is perceived in a circle of senior men.
Time off, flextime, pro bono work, networking opportunities, and concert tickets are all great motivators.Paying attention to recognition has a huge payoff.
There is a true risk of doing too little and an opportunity to do a lot – over time Based on my experience, employees want the full mealWon’t be content with appetizers or a light lunchIt’s about including all the nutrients to make your organization strong and healthy so your people can achieveTowers Perrin has done a couple of very relevant studies – their 2007-8 Global workforce study of 90,000 employees across 18 countries and a smaller review of 3 years of data for 40 global companies. The quotes here are some of their key findings that were very relevant. So, in order to scale your organization and drive the level of performance you need for success, you need to feed your people a full meal. Let me be specific about the ingredients when it comes to recognition…its’ not what you might think.
Take a minute to read this list. You’ll see that many things on it are part of day-to-day opportunities that managers have with their people.
Give Millennials feedback early and oftenGive guidance, not directivesCoach so that high expectations can become high enthusiasmIt’s hard for Millennials to take criticism so use praise and soften choose your words carefullyDon’t be surprised if Millennials are not open to feedback – they may just view it as one person’s opinionMillennials want to climb the career ladder and they are impatient – keep them moving or they will move on. Up is not the only way
Community action days are sometimes referred to as “moments of service”, as they are short-term activities. Employer-initiated programs can also take the form of large-scale volunteering focused around a specific goal or issue. Many companies create mentoring or tutoring programs for their employees to participate in.Skills-based and pro bono volunteering can also be part of a company-planned initiative if the company takes the lead on partnering with an organization to conduct the program or designing a program in-house and then recruiting employees to participate.
Millennials view work as secondary to life- they think Boomers are workaholics – understand this perspective as it will make a real differenceBoomers want balance too- it is a universal win if you organization does this well. Supporting balance goes a long way to motivate commitment during peak times in your business cycle. Millennials are big multi-taskers and will Tweet and Facebook in between doing real workBe clear about your policies, be open to new practices Help employees know the company resources that can help them manage stress – don’t be surprised if they openly disclose personal things you wouldn’t expect them to share – that’s the impact of FacebookTeach your manager to define the parameters for attaining work/life balance to be sure customers come firstThe most committed companies measure how well leaders support work life balance as part of their employee surveys.
Don’t let people leave without doing some cross training or recording key practices/processesDo a knowledge transfer session so you don’t lose valuable informationKnow that your company reputation can be broken by social media posts post hireMonitor glassdoor.com and other complaint sites to manage your company reputationEncourage employees not to burn bridges – never a good idea