The document discusses trends in the modern workforce including increased diversity, characteristics of Generation Y employees, traits of effective leaders, and the purpose of performance evaluations. Minorities now comprise a third of the US population and are projected to become the majority by 2023. Generation Y, those born after 1977, make up over a quarter of the US population and are ethnically diverse, optimistic, and see education as key to career success. Effective leaders demonstrate traits like drive, integrity, self-confidence, creativity, expertise, and flexibility. Regular performance evaluations identify employee strengths and weaknesses, and can impact promotions, pay, training opportunities, and even job security.

1. Increased Diversity Workforce no longer dominated by white males. Minorities comprise a third of current US population Projected to grow to half by 2023 Must be sensitive to and aware of other races/ethnicities

2. Differences through Age

3. Generation Y Born after 1977 Approximately 70 million Makes up 26% of US population Ethnically diverse Less cynical More optimistic Self-confident Expect to be more fiscally successful than their parents Recognize that education is the key to their success Socially conscious

4. Characteristics of a Leader Drive Integrity Self-confidence Conscientiousness Creativity Expertise Critical thinking skills Technical knowhow Flexibility

5. Performance Evaluations and Why They’re Important Performed at least once a year in most workplaces More formal in larger corporations Identifies strengths and weaknesses Could result in promotion or raise May identify a need for training or development If overwhelmingly negative, could result in termination.