managing millenials - a bliss or woe?
DESCRIPTION
Much has been said about the Millennial generation, also commonly known as Generation Y, but do we really know how to bring out the best in them? Surpassing even baby boomers in number globally; The Millennials are making their mark in a lot ways. They have different dreams. They are changing how things work and the workplace is where they are having the biggest impact. • Mindset of the Millennial. Appreciate the differences and similarities in our Millennials’ mindset. • Inevitable changes in our business world. Evaluate the evolution of business climate due to the new workforce. • Opportunities with the Millennial workforce. Explore how we can bring out the best in our future workforce.TRANSCRIPT
Managing Millenials- A Bliss or Woe?
Teewee AngFuture Workforce Advocate
@ Rotary Club Aug 2014
Millenial = GenY
Millenial = GenY =Bliss or WOE?
Entitled
Spoiled
Unmanageable
Supremely Confident
Lacking Humility
Dissatisfied
Annoying
Unwilling to work
Gen Y or Gen Whine?
Where to Play. How To Win.
Millenial vs The World
Who are they? Born 80s -00s
By 2025, 75% global workers will be millenials (#TIME)
Who are they? Born 80s -00s
By 2025, 75% global workers will be millenials (#TIME)
70% millenials want to work independently than being employed (#Deloitte)
Who are they? Born 80s -00s
By 2025, 75% global workers will be millenials (#TIME)
70% millenials want to work independently than being employed (#Deloitte)
87% of millenials took on management roles vs GenX (38%) and Boomers (19%) in last 5 years (#EY)
Who are they? Born 80s -00s
Where to Play. How To Win.
Or is it……….
Where to Play. How To Win.
You vs Millenials?
Or is it……….
Why such Millenials’ behaviour?
Whose Fault Is It?
Why such Millenials’ behaviour?
It all started here.
It all started here.
WE
WE+ Technology
It all started here.
A Typical Millenial
Past
Parents were authority figures
A Typical Millenial
Big FamilyMin. Parental
support
Past
Small Family Max Parental Support
Parents are now friends & supporters
Parents were authority figures
Present
A Typical Millenial
Big FamilyMin. Parental
support
Past
Few Connections
Past Present
Few ConnectionsMany Many Connections
Present
Many Many Connections
Small FamilyMax Parental
Support
Resulting Supreme
Confidence
> <
So how do we reach our Millenials?
So how do we reach our Millenials?
Firstly, Acceptance
1. There is always an intergenerational conflict
1. There is always an intergenerational conflict
GenX vs Boomers
Why Fight When We Can Love
Millenial
They are social & eco conscious
They love an idea powered culture
They really want to make a difference
Why Fight When We Can Love
Millenial
They are social & eco conscious
They love an idea powered culture
They really want to make a difference
Why Fight When We Can Love
They have work-life integration
They look for community
They seek truth
Millenial
2. It is time to level up our leadership skills!
Lao Tzu
A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves.
2. It is time to level up our leadership skills!
Struggling Companies
Today
To Succeed, Evolution is Inevitable
Apple, Starbucks, Samsung, Google, P&G1. Innovation-centric2. Societal benefit3. Social media savvy4. Others
Millenials’ WOES
Etc.
Lead Them M.A.D(Make A Difference)
Lead Them M.A.D(Make A Difference)
Lets grow with the Millenial Generation!
#1 Discover their passion
#1 Discover their passion
21% of freelancers still in school (#odesk)
56% millenials won’t accept jobs from companies that ban social
media (#Cisco)
56% millenials won’t accept jobs from companies that ban social
media (#Cisco)
#2 Rope them to help form communities around our brands.
63% of millennials donate to charities, 43% volunteer actively, 52% have signed petition (#Deloitte)
63% of millennials donate to charities, 43% volunteer actively, 52% have signed petition (#Deloitte)
#3 Start a social / eco-movement
1. Great opportunities2. Embrace the Millenials
- Discover their passion- Form communities
- Start social movement- Others / etc.
Summary
- Enquire about our trainings&
- Follow us at FB.com/youngspeaker.org
The End