beya 2017 seminar mitre panel final with pr

IMPACTS OF GENERATIONAL

SHIFTS IN THE WORKFORCE

Presenters:

DeAnthony Heart

Cozy Bailey

Tamal Burise

Chasidy Perrin

“The authors’ affiliation with The MITRE Corporation is provided for identification purposes only,

and is not intended to convey or imply MITRE’s concurrence with, or support for, the positions,

opinions or viewpoints expressed by the authors.”

Video Showing Challenges of

Millennials

Simon Sinek on Millennials in the Workplace

'Approved for Public Release; Distribution Unlimited. Case Number 17-0504’

https://www.youtube.com/watch?v=hER0Qp6QJNU

Overview of Generations

Source: Generational Marketing, December, 11 2014


Why Should We Care?

Source: HubPages - Motivating, Managing, Retaining Generation X and Gen Y, Z Employees: Updated on November 14, 2016


Generation Workforce Perception

XYZ: How Generation Affects Employee Engagement – Amanda Shore, September 14, 2015, Herd Wisdom


Attitudes Towards Technology Use


Attitude Towards Social Media

Photo Credit: Entrepreneur.com, 2015


Attitude Towards Career


Millennial Attitudes Towards Career

Reference: The 2016 Deloitte Millennial Survey


Millennial Engagement

Reference: Gallup, How Millennials Want to Work and Live (2016)


Millennial Engagement

• Encourage mentorship

• Have purpose beyond profit

• Provide developmental opportunities

• Foster open communication

• Build an inclusive work culture

• Create the “perfect” job, environment



The “Perfect” Millennial Job



Dilemmas Faced by Future

Generations

• Readiness – there are gaps in terms of

capabilities of younger employees and their

readiness to enter the workforce

– Of 16.5 million students in grade 9 to 12, 33%

estimated to graduate, and 2.3% expected to

go into accounting and business consulting

• Experienced Talent

– Every year for the next 30 years, there will be

fewer young people to replace retiring workers

Reference Deloitte LLC report, Decoding Generational Differences, 2008


Dilemmas Faced by Future

Generations


Generational Divides Between

Millennials and Other Generations

Technology

• Unprecedented and embedded use of technology in day-to-day life (Digital Natives vs. Digital Immigrants)

• “New technology is not just a toy, but the basis of how we live”

Attitude Towards Business

• Skeptical towards corporations

• “Organizations are not human too”

Consumer Attitude Mindset

• Place a value on convenience and expect high standard of service

• “Microwavable solutions”

Reference: from Deloitte LLC report, Decoding Generational Differences, 2008


The Good News…

Millennial perspectives of government

is better than other generations

– 62% of millennials believe a strong Federal

government is necessary to solve problems

(compared to 46% of non-millennials)

– 44% of millennials voice confidence in the

ability of Federal government to solve

problems (14 points higher than older

generations)

Taken from Center for American Progress report, Doing What Works, July 2010


Relevant “Facts”…

• The Millennial generation is better educated and more diverse

than any other generation in U.S. history. ($1 trillion in student

debt – Bloomberg)

• Millennials place high value on “work-life balance”.

• The top ideal employers of currently employed Millennials are

Google, Apple, Facebook, the U.S. State Department, and

Disney. Five of the top 15 most ideal employers are government

agencies (State Dept., FBI, CIA, NASA, and Peace Corps).

• Members of Gen Y are believed to be the most tech-savvy (78%

of respondents agree) who know how to use social media to

leverage opportunities (70% of respondents agree).

• 35 % of employed Millennials have started their own business

on the side to supplement income

Taken from Center for American Progress report, Doing What Works, July 2010


Game Time

Rules

– We pose a question, if you believe the answer to the question is yes you move to the right side (our left) and vice versa

– We will ask a few people to shed light on to why they believe the answer to the question is either yes or no

Let’s Begin!


Question 1

Do you believe technology makes

life more complex?

NO YES


Question 2

Are there differences in how each

generation perceives compensation?

NO YES


Question 3

Should organizations have training for employees to generate a common

understanding of the varying generations in the workforce?

NO YES


Q/A Session


beya 2017 seminar mitre panel final with pr

Documents