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Connecting to a Changing WorkforceBuilding Engagement across Diverse GenerationsFacilitated by:Margaretta NoonanFebruary 24, 2012

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Connecting to a Changing WorkforceBuilding Engagement across Diverse GenerationsFacilitated by:Margaretta NoonanFebruary 24, 2012

#2Connecting to a Changing WorkforceTodays shared learning: Four generations at work.Shifting demographics, defining events.Millennials, the next generation of talent.#

#Where Does Your Organization StandOn a scale of 15 (with 5 being very well), how well do you connect and engage with the younger generation of women within your organization? #

Four Generations at WorkBorn: 1925-1945Age: 66-86Millennial GenerationGeneration XBaby Boom GenerationMature GenerationBorn: 1946-1964Age: 47-65Born: 1965-1977Age: 34-46Born: 1978-1994Age: 17-33

#Self-awareness is a key component of maximizing leadership contribution. Its very hard for a leader to connect with and understand the people that work for them if they dont understand themselves. - Stu Kantor, Executive Coach

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Whats Next?Generation ZBorn: 1995-PresentAge: 0-16#7The Big Picture Generations in the U.S.?Source: U.S. Census Bureau, 2010 Current Population Survey #8Womens Labor Force Participation Rates Selected Countries, 1970 - 2009

#9Generational CohortsBorn around the same time.Share distinct, historical events during critical development years (coming of age).Each generation is influenced by broad forces.Shapes their view of the world and stays with them forever.Events become anchor.#When your 18 years old and starting to really frame who you are going to be as an adult. Parents, friends, teachers, media, community.

Impact of economy. 10

Defining Events#Defining Events

#Defining Events

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#14Millennial Stats18-to-29-year-olds are unemployed or out of the workforce at the highest rate in more than three decades.Source: Pew Research, Millennials: Confident. Connected. Open to Change., February 24, 2010Among 18-to-24-year-olds, 39.6% were enrolled in college as of 2008. Millennials are on course to become to most educated generation in American history, most likely accelerated by unemployment.One-in-five Millennials (21%) are married, half the share of their parents generation at the same life stage.#15Building on Sand

#16Millennial StatsMillennials make up about 35% of todays workforce.Source: Next Generation Consulting, 3 Realities in Managing Millennials, October 5, 2011How long the young and talented stay and how productive they are is determined by their relationship with their manager.Managers blame difficulties among teams in the workplace to different levels of experience; sometimes the issues are more related to generational differences.#Employers View of MillennialsConfident, trusting and teachable.Change jobs frequently.Perform superbly when given clear goals and allowed to work in groups.Treat coworkers as partners rather than rivals.Use their digital access to build close peer bonds.Communicate differently (texting, tweeting, social networking).Rely heavily on their parents.Source: Howe, N., Strauss, W., The Next 20 Years, Harvard Business Review, July-August 2007#18Recruiting MillennialsMillennials are opportunity driven, seeking changes for career enhancement over greater salary or a more secure job.Offer a variety of career paths.Consider all aspects of What is it like to work here? when recruiting Millennials.Prioritize areas that are most important to change; have programs for increased training, trusting, teaching and teamwork.

#Retaining MillennialsProvide opportunities to contribute.Foster a culture of respect that extends to all employees.Examine career development and fostering opportunities offered to younger employees.Encourage the rapid development of Gen Y talent and create incentives for seasoned workers to act as mentors to young professionals.

#Outcome From Todays Shared Learning:

Its about building greater engagement and better connections within your workplace.

#Connecting to a Changing WorkforceBuilding Engagement across Diverse GenerationsFacilitated by:Margaretta NoonanFebruary 24, 2012

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