ecia millennials
TRANSCRIPT
Crack the Code on the Millennial GenerationNikki Raffenetti, SVP Talent
Who are the Millennials?
Gen-Y | Generation next | Eco Boomers | Dot Nets
Born between 1983 - 2001
Generation X - Born between 1965 - 1982 Baby Boomers - Born between 1946 - 1964
The Builders/Silent - Born between 1926 - 1945
Builder, Boomer & Gen-X Survey
Non-Millennial Perspective
Millennial Survey
Millennial Perspective
Why so different?
Generational personality comes from events that a
generation of people experience as they are
growing up in a certain point in time in American
History. These events shape the values of that
generation which they later bring to the workplace.
HISTORY
LIFE EXPERIENCEShttp://managementisajourney.com/
How history & life experiences have shaped The Silent Generation
Survived the Great Depression of the 1930’s !
Patriotism, teamwork and“doing more with less” define this generation
Rules of conduct were followed,
and respect for authority was extremely important !
First to pursue equality through the Civil rights movement
1926 - 1945
Core Values of The Silent Generation
Disciplined
Command and control leadership
Hierarchical structure
Loyalty and respect for othersRight and wrong
Believe in authority and rules
Consistency
1926 - 1945
How history & life experiences have shaped The Boomers
Kennedy elected President Cuban Missile Crisis
Martin Luther King leads march on Washington DC Civil Rights Act of 1964 passed
United States sends ground troops to Vietnam National Organization for Women founded Martin Luther King & Kennedy assassinated
First moon landing Rosa Parks
1946 - 1964
Core Values ofBaby Boomers
Optimism - workplace equality
Personal Gratification
Health & Wellness
Loyal to their employers
Work long hours & value face time in the office
Hard work pays off, climb the ladder
Pursuit of higher education
1946 - 1964
How history & life experiences have shaped Generation X
Challenger disaster Energy crisis
Jonestown mass suicide Rise of the personal computer
Rodney King beating Iranian hostage crisis
Exxon Valdez oil tanker spill Operation Desert Storm
Terrorism at the Munich Olympics Clinton-Lewinsky
1965 - 1982
Core Values of Generation X
Learned independence early in life
Higher divorce rates / Latch-key kidsTech savvy
Autonomy & self-reliance
ContributionFeedback and Recognition
Diversity, inclusive of others1965 - 1982
How history & life experiences have shaped The Millennials
Technology, technology and more technology Oklahoma City bombing
School shootings Increased parental emphasis on child rearing
Diversity Busy planned lives Girl’s movement
Extended family relationships Rise of social media (MySpace, Friendster, Facebook)
Google Desert Storm
Core Values of the Millennial Generation
Open to Change
Making a differenceTeamwork
Social awarenessConfident
Multi-tasking
Involvement
Cost of losing an employee: 25 - 30% of their salary
The Millennial RealityImmediate gratification is the norm They have a sense of entitlement Everyone gets a trophy Teamwork Decision Making Social media Teams and partners instead of individuals They assume they should know everything !
Why is this so important for you and your business?
Because all of these generations are for the first time, working together in the same environment.
Millennials are the largest generation in the US, representing 1/3 of the total US population in 2013.
Millennials will make up as much as 75% of the U.S. workforce by 2025.
Understanding how they were shaped, how they think and how you can work seamlessly with them will make your life easier and your business thrive.
Five things you can do to be more effective at managing, inspiring, leading and motivating the Millennial Generation.
Non-Millennials
1. Accept they are not like you…and never will be
2. Know they want to work with you (Just not for you)
3. Communicate with them…often
4. Explain the why behind projects
5. Praise them more often than you were praised
Non-Millennials
Five things Millennials can do to be more effective with previous generations.
Millennials
1. Accept they are not like you…and never will be
2. Learn their language
3. Understand their perspective
4. Communicate with them…often
5. Share your goals and ambitions
Millennials
Five things you can do as a company to be more attractive to the Millennial Generation.
1. Create reverse mentorship programs
2. Create partnerships as much as possible
3. Ask for their input, release results and create transparent action steps / constant communication
4. Give them opportunities within the work environment to create change
5. Embrace social media / publicize perks
Company
Thank [email protected] tw: @nikkiraff !AMP Agency [email protected]