Leading MillennialsThe 2017 Deloitte Millennial Survey Apprehensive millennials: Seeking stability...

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Leading Millennials

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  • Leading Millennials

  • Pew Research Center, 2015

    94 years and older today

    73-93 years old today

    54-72 years old today

    37-53 years old today

    18-36 years old today

    17 years old and younger today

  • Rise of Millennials and decline of

    Baby Boomers?

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi2-7n9uLLXAhUO5mMKHTYpCcIQjRwIBw&url=http://motifri.com/tensionboom/&psig=AOvVaw3w2El70WULP7i8upLXvXgc&ust=1510349593834452http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi2-7n9uLLXAhUO5mMKHTYpCcIQjRwIBw&url=http://motifri.com/tensionboom/&psig=AOvVaw3w2El70WULP7i8upLXvXgc&ust=1510349593834452

  • By 2030, Millennials will be 75% of the workforce

    Citi, 5/15/16

  • The World is changing

    Business Insider, 2017

    Funeral of Pope John Paul II Announcement of Pope Francis I

  • Digital media has changed how we live

    KPCB, 2015

  • Millennials engage with their smartphones more than with

    their significant others

    Bank of America, 2016

  • Millennials view of authority?

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=&url=http://www.humanresourcesonline.net/8-ways-bosses-can-get-themselves-fired/&psig=AOvVaw0K33PfVYcVxmdn3r0j0DiB&ust=1510349499186169http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=&url=http://www.humanresourcesonline.net/8-ways-bosses-can-get-themselves-fired/&psig=AOvVaw0K33PfVYcVxmdn3r0j0DiB&ust=1510349499186169

  • Millennials view parents more as friends than

    authority figures

    UBS, 4/2016

  • Generational differences in work relatedcharacteristics and expectations

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi969LPt7LXAhVSy2MKHVnTAWYQjRwIBw&url=https://www.linkedin.com/pulse/classroom-technology-through-eyes-my-10-year-old-nephew-aj-sanders&psig=AOvVaw1LKYMhj7KI0lB6hRxJLPq_&ust=1510349264413531https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi969LPt7LXAhVSy2MKHVnTAWYQjRwIBw&url=https://www.linkedin.com/pulse/classroom-technology-through-eyes-my-10-year-old-nephew-aj-sanders&psig=AOvVaw1LKYMhj7KI0lB6hRxJLPq_&ust=1510349264413531

  • Karp et al. (2014); Jorgensen (2015)

    Table 1. Generational differences in work related characteristics and expectations

    Baby Boomers Generation X Generation Y

    Work ethic Workaholic Work as hard as needed Work well when motivated

    Attitudes towards

    authority/rules

    • Some may still be

    uncomfortable interacting

    with authority figures

    • They are comfortable

    with authorities and are

    not impressed with titles

    or intimidated by them

    • They find it natural to

    interact with their

    superiors

    Expectations

    regarding respect • Deference

    • Special Treatment

    • More weight given to their

    opinions

    • They want to be held

    in esteem

    • They want to be held in

    esteem

    • They want to be

    listened to

    • • • • • • Feedback and

    supervision

    May be insulted by continuous

    feedback

    Immediate and

    continuous

    Immediate and continuous

    Baby Boomers Generation X Generation Y

    Attitudes regarding

    loyalty to their

    employer

    • They value company

    commitment and loyalty

    • Less loyal to

    companies than

    previous generations

    but

    loyal to people

    • Committed and

    loyal when

    dedicated to an idea,

    cause or product

    Work/life balance Sacrificed personal life for

    work

    Value work/life balance Value work/life

    integration

    Perceived elements

    of success in the

    workplace

    • Willingness to learn new

    things (80%)

    • Get along with people

    (78%)

    • Willingness to learn new

    things (74%)

    • Speak clearly and

    concisely (72%)

    • Willingness to learn new

    things (58%)

    • Speak clearly and

    concisely (55%)

    Preferred

    leadership

    attributes

    • Credible (74%)

    • Trusted (61%)

    • Farsighted (57%)

    • Credible (71%)

    • Trusted (58%)

    • Farsighted (54%)

    • Listens well (68%)

    • Dependable (66%)

    • Dedicated (63%)

    Boomers/Xers vs. Gen Y on employment

  • For Millennials, life and work blend together.

    Not work/life balance, butwork/life integration.

  • How we see millennials vs. how they see themselves

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiOnJTkprLXAhVG6WMKHUpNB7gQjRwIBw&url=https://sheltongrp.com/posts/hey-millennial-whats-your-deal/&psig=AOvVaw0UEXhrzarkQZEVSdLiI8lF&ust=1510344685433626https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiOnJTkprLXAhVG6WMKHUpNB7gQjRwIBw&url=https://sheltongrp.com/posts/hey-millennial-whats-your-deal/&psig=AOvVaw0UEXhrzarkQZEVSdLiI8lF&ust=1510344685433626

  • Millennials View Themselves More Positively Than Non Millennials Do

  • They are comfortable in

    networks/groups

    They realize life could end at any moment, so they want to make a

    difference.

    They were raised with positive reinforcement and lots of choices.

    They live by the motto: "Believe in yourself."

    Values & Behaviors of

  • The Wrap, 3/2017

  • Source: A Beyond.com survey of 6,361Job seekers and veteran HR professionals, from April U - May 9, 2013.

  • What do Millennials want at work?

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=&url=https://www.linkedin.com/pulse/what-do-you-want-your-life-answers-included-tam-pham&psig=AOvVaw2Iw753-BEYOqDmrXzBE6SL&ust=1510349099941155https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=&url=https://www.linkedin.com/pulse/what-do-you-want-your-life-answers-included-tam-pham&psig=AOvVaw2Iw753-BEYOqDmrXzBE6SL&ust=1510349099941155

  • Most Important Thing to Millennials = Meaningful Work

    What Managers Think Is Most Important Thing to Millennials = Money

    Managers’and Millennials’View of the Most Important Factor That Indicates Career Success to Millennials

    3%

    6%

    24%

    27%

    30%

    12%

    9%

    8%10%

    11%

    48%

    11%

    0% 10% 20% 30% 40%

    Source: “How the Recession Shaped Millennial and Hiring Manager Attitudes about Millennials’

    Future Careers,” Career Advisory Board (Levit and Licina), 2011, USA. Survey of 1,023 USA adults.

    50%

    High Level

    of Responsibility

    High Level of

    Self Expression

    Challenging Work

    Sense of

    Accomplishment

    High Pay

    Meaningful Work

    Managers

    Millennials

    73% is not about money

    Career Advisory Board, 2011

  • Implications for your organization of

    Millennial desire for meaning and

    purpose at work?

  • Gallup: State of the American Workplace (2015-2017)

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0ahUKEwjUqb_1s7LXAhVX3mMKHSmDCp8QjRwIBw&url=http://online.lewisu.edu/maol/resources/tips-for-leading-millennials&psig=AOvVaw1FEBJxRvvKMmEV87WAwyGp&ust=1510348270043436http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0ahUKEwjUqb_1s7LXAhVX3mMKHSmDCp8QjRwIBw&url=http://online.lewisu.edu/maol/resources/tips-for-leading-millennials&psig=AOvVaw1FEBJxRvvKMmEV87WAwyGp&ust=1510348270043436

  • The 2017 Deloitte Millennial SurveyApprehensive millennials: Seeking stability and opportunities in an uncertain world

    It’s time to

    invest in our

    millennials

  • The Hartford Millennial Leadership Survey, 2015

  • Personal recognition has changed

    •How do Millennials receive positive feedback today outside of work?

    •How often do they receive this feedback?

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjR09-us7LXAhUO0WMKHeuaDsIQjRwIBw&url=http://www.globoforce.com/gfblog/2011/recognition-is-so-personal-lessons-from-dilbert/&psig=AOvVaw0oGIbT0xKDfWHDLaq3T2fB&ust=1510348015752127http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjR09-us7LXAhUO0WMKHeuaDsIQjRwIBw&url=http://www.globoforce.com/gfblog/2011/recognition-is-so-personal-lessons-from-dilbert/&psig=AOvVaw0oGIbT0xKDfWHDLaq3T2fB&ust=1510348015752127

  • JQ Public

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiB14ewoLLXAhUMzmMKHcEdBJsQjRwIBw&url=http://www.hungertv.com/feature/russia-creates-vending-machines-for-instagram-likes-followers/&psig=AOvVaw2vq-KCXVA50Wa6xOkcWWHk&ust=1510343021208770http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiB14ewoLLXAhUMzmMKHcEdBJsQjRwIBw&url=http://www.hungertv.com/feature/russia-creates-vending-machines-for-instagram-likes-followers/&psig=AOvVaw2vq-KCXVA50Wa6xOkcWWHk&ust=1510343021208770https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiH093OoLLXAhUM2WMKHcjBDukQjRwIBw&url=https://www.youtube.com/watch?v%3DL5q713xuTXU&psig=AOvVaw2iEZlZvgOlm0Rk4a8Gi9dC&ust=1510343074714231https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiH093OoLLXAhUM2WMKHcjBDukQjRwIBw&url=https://www.youtube.com/watch?v%3DL5q713xuTXU&psig=AOvVaw2iEZlZvgOlm0Rk4a8Gi9dC&ust=1510343074714231http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi7lvqUobLXAhUR0mMKHR7VDE0QjRwIBw&url=http://www.googlefollower.com/product/buy-twitter-likes&psig=AOvVaw2kp3oso8wqML7P0TpHQJW5&ust=1510343234998497http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi7lvqUobLXAhUR0mMKHR7VDE0QjRwIBw&url=http://www.googlefollower.com/product/buy-twitter-likes&psig=AOvVaw2kp3oso8wqML7P0TpHQJW5&ust=1510343234998497https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjUle6qobLXAhVI7WMKHRxWC8AQjRwIBw&url=https://www.indiatimes.com/technology/apps/whatsapp-has-now-introduced-coloured-emoji-does-that-make-us-more-racist-244575.html&psig=AOvVaw0fttJON08ypNHWiqAd9aGc&ust=1510343278477240https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjUle6qobLXAhVI7WMKHRxWC8AQjRwIBw&url=https://www.indiatimes.com/technology/apps/whatsapp-has-now-introduced-coloured-emoji-does-that-make-us-more-racist-244575.html&psig=AOvVaw0fttJON08ypNHWiqAd9aGc&ust=1510343278477240

  • We need to let them know where they fit in.

  • So, How to Lead Millennials?

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjjjI6ttLLXAhVBw2MKHa9cDNoQjRwIBw&url=https://www.theodysseyonline.com/letter-from-the-millennials&psig=AOvVaw1FEBJxRvvKMmEV87WAwyGp&ust=1510348270043436https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjjjI6ttLLXAhVBw2MKHa9cDNoQjRwIBw&url=https://www.theodysseyonline.com/letter-from-the-millennials&psig=AOvVaw1FEBJxRvvKMmEV87WAwyGp&ust=1510348270043436

  • Franklin Covey: Resolving Conflict between Generations (2017)

  • What Motivates Human Beings?

    Purpose

    Autonomy

    Mastery

    Source: Drive by Daniel Pink

  • What Do Millennials Want?

    Freelance Flexibility …

    … with Fulltime Stability

    The 2017 Deloitte Millennial SurveyApprehensive millennials: Seeking stability and opportunities in an uncertain world

  • Source: Millennials at Work Reshaping the Workplace - PwC

  • What’s the problem with

    giving unlimited flexibility?

    What are we afraid might

    happen?

  • THE CHALLENGE

    To give limited autonomy and flexibility that

    engenders trust, loyalty and personal

    engagement but also includes accountability?

  • What Autonomy is NOT

    • It’s not doing whatever you want, whenever you want.

    • It’s not working in isolation.

    • It’s not working without a net.

  • 6 Ways to Encourage Autonomy

    1. Mistakes will be made. It’s OK!

    2. Hire autonomous people

    3. Build trust

    4. Create choices within boundaries

    5. Grant employees ownership

    6. Provide tools to help them reach their goals

    Source: 6 Ways to Encourage Autonomy by Tracy Maylett

  • WARNING!

    Taking away autonomy after you’ve given it is a surefire way to

    kill motivation.

  • Micromanaging demotivates

    millennials. What does it

    communicate to them?

    Note: Millennials prefer to learn by trial and error then by rules and guidelines that stifle their creativity.

  • Giving Autonomy and Flexibility:

    • Ask employees what kind of freedoms they want and be prepared to act on their requests.

    • Be clear about your work policies and expectations related to freedom and autonomy.

    Source: Let Employees Choose When, Where, and How to Work by Nathaniel Koloc

  • Effective Coaches

    • Emotionally intelligent

    • High concern for others

    • Focus primarily on development not compliance

    • Initiate coaching conversations

    • Inspire action

  • Source: Millennials at Work Reshaping the Workplace - PwC

  • We get better at

    most things by

    trying something

    and then evaluating

    the results.

  • Sometimes

    we need an

    outside

    perspective

    How am I doing?

  • But giving and receiving feedback is not so easy.

  • Feedback Session

    • Unpack the feedback

    • Process any feelings they have

    • Identify two areas to improve

    • Create a specific action plan

  • Ongoing Coaching Conversations

    Opening

    • “Hey, can I give you some feedback?”

    • “Deb, I’d like to talk to you about something.”

    Observation

    • “I’ve noticed …”

    Impact

    • “I don’t think that will give you the results you want ….”

    Suggestions

    • “What do you think about doing it this way …?”

    • “In my experience, I’ve found …”

  • Source: Millennials at Work Reshaping the Workplace - PwC

    Millennials Want to be Mentored

  • A Framework for Mentoring

    Where are you now?

    Where do you want to be?

    How can I help you get there?

  • Initial Mentoring Conversation

    • If your life were perfect and your dreams came true, what would

    your life and work be like in 5-10 years?

    • What values and virtues are most important to you? What kind of

    person do you want to be?

    • Who has helped you the most to become who you are or to get

    to where you are? Describe that person.

    SOURCE: Boyatzis, R.E., Smith, M. & Van Oosten, E. (2010). Coaching for Change: Coaching with Compassion versus Coaching for Compliance. People Matters, 68-71.

  • Facilitate Growth and Development

    • Have regular check-ins

    • Provide lots of feedback and encouragement

    • Give challenging assignments

    • Give them the freedom to fail (but also help them learn from it)

  • Takeaways on what Millennials want at work

    •Millennials want to self‐actualize at work

    •Millennials want:

    •Meaningful work; a sense of purpose

    •Coaching and mentoring; real‐timefeedback

    •Flexible working arrangements for work/lifeintegration

    •Millennials have the desire and capacity to make the work world better for all generations