gen y - changing the rules of the game?
TRANSCRIPT
Gen Y:Changing the rules of the
game?2 Aug 2013PMG Meeting, Singapore
Let’s first understand the multi-generational work force
Traditionalists(Born before 1946)
Baby boomers(Born between 1946 and 1964)
Gen X(Born between 1965 and 1980)
Gen Y(Born after 1980)
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
“i”
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Traditionalists Baby Boomers
Gen X Gen Y
Talented
Purpose driven
Social
Mobile
Tech-savvy
But if you ask the older generations…
High expectations
Don’t care about work
Instant gratification
Cryptic messages
Job hoppers
“Is this a language or what?”
PLZ
L8R
OMG
LOL
BRB
?4U
ROTFL
“Is this a language or what?”
Laugh Out Loud
Be Right Back
Oh My God!
PLease
LateR
Question for yoU
Rolling On The Floor Laughing
But, are they misunderstood?
Highly adaptable to change
Value flexibility and want work/life integration
Desire a fun, collaborative and challenging work culture
Gen Y prefers relationship-oriented leaders
Source: “‘Y’ Are They Different? – A Study Of Gen Y at Work, Their Views And How They Are Viewed”; A joint research report by The GMP Group & Temasek Polytechnic
Career and personal development opportunities are key motivators
Let’s take a look at the Singaporean workforce…
60%2012
The Singaporean Workforce
Gen X or Y
Source: “Harnessing The Potential of Singapore’s Multi-Generational Workforce”; Commissioned by the Tripartite Alliance for Fair Employment Practices (TAFEP)
75%By 2025
The Singaporean Workforce
Gen X or Y
Source: “Harnessing The Potential of Singapore’s Multi-Generational Workforce”; Commissioned by the Tripartite Alliance for Fair Employment Practices (TAFEP)
Now, let’s take a look at the global manufacturing industry…
Aging workforce
Shortage of high-skilled workers
Manufacturing doesn’t have a great image in the mind of
younger workers
Other industries offer more attractive alternatives for
talented young people
Increased productivity
More complex jobs
More high-skilled people are required!
The Talent Paradox
What does all this mean for the industry?
Multi-generational
workforce
Manufacturing industry
challenges Changing demographic
landscape
You cannot ignore the tsunamion its way…
Gen-Y and younger generations will form the majority of the working population in the near future
“Common sense” will get re-calibrated!
What challenges does this throw up for the industry?
Bridging the present…
How do you deal with a multi-generational work
force that finds it difficult to deal with each other?
How do you align the differing values into the
work culture?
… and the future
How do you recruit and retain a generation of
people whose loyalty to the organization is
questionable?
Here are some things that you can do…
Build a sense of purpose and meaning in work
Encourage mentoring
Review and adjust communication styles
Recognition with frequent
positive feedback
Raise supervisor awareness… and capability!
Understand and appreciate the values of the incoming generation
Embrace flexibility
Learning (for all round development)
Work timings
Work location ……
Provide open social networks with honest communication
And if you succeed…
Becomes…
A presentation by Saurabh Anand
Accord Business Solutions Pte. Ltd.146 Robinson Road, #07-01, Singapore 068909
Phone: +65 9298 9590Singapore | India | UAE
www.accordsingapore.com.sg | [email protected]