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Talent and the Generations
Michael Jenkins and Alex Swarbrick
Roffey Park Institute
Welcome to the Roffey Park
Talent and the Generations Webinar




        Michael Jenkins              Alex Swarbrick
        Chief Executive              Senior Consultant




                          Talent Webinar
Roadmap for today’s webinar

                                    Getting on the same page
                                     about the generations
                                    The generations at work
                                     around the world
                                    Sourcing talent
                                    Retaining talent
                                    Developing talent
                                    Taking action
                                    Questions




                  Talent Webinar
Data sources for the webinar

                                     Roffey Park research
                                      including focus groups
                                     Research by generational
                                      specialists around the world
                                     Global information from HR
                                      directors and programme
                                      participants – UK, China,
                                      Japan, Singapore, Europe
                                      (western, central and
                                      eastern), the United States
                                      and Africa
                                     Gen Y interviews with
                                      youngsters in the UK and
                                      Singapore
                   Talent Webinar
Intergenerational issues – media hype?

                                    Yes, but …
                                     Clear strategic issues for
                                      organisations across the
                                      world
                                     Talent
                                          – Sourcing
                                          – Retention - expectations
                                            differ
                                          – Development into the
                                            future (10-15 years out)
                                          – Generational expectations
                                            and development
                                            strategies for HR

                   Talent Webinar
The Generations
Traditionals/Silents                                               born 1909 -1945
Boomers                                                            born 1946 -1964
Traditional Boomers                                                (1946-1954)*
Generation Jones                                                   (1955-1964)*
Generation X                                                       born 1965 – 1979
Generation Y                                                       born 1980 – 1999
Linksters/Millenials                                               born after 2000


*sub-division suggested in the Knoll report 2010: Generational Preferences




                                                  Talent Webinar
Impact of differences at work

                                     How do generational
                                      differences play out at
                                      work?
                                     How will we source talent
                                      from different generations?
                                     How do we retain talent
                                      across the generations,
                                      given their different
                                      expectations of the
                                      workplace?
                                     What can organisations do
                                      to meet the development
                                      needs of talent into the
                                      future?
                   Talent Webinar
Impact of differences at work


                                    Generational
                                    differences impact
                                    working styles
                                    and the
                                    psychological
                                    contract




                   Talent Webinar
Working styles

Generation     Working style
Traditionals   Directive, simple, clear
               Hierarchical, collective mindset, sharing wisdom,
Boomers
               conservative, measured
               Fair, competent, straightforward, collaborative,
Xers           experimental within boundaries, reluctant respect for
               authority
               Challenging of authority, innovative, individualistic, fast-
Gen Y
               paced, short-term focus, ambitious, narcissistic




                             Talent Webinar
Psychological contract

Factor               Boomers                   Gen X                Gen Y
Decision making      Cautious                                       Less risk averse
                     Authority vested in hierarchy                  “I’ll express my view”
                                                                    Authority vested in competence

Development          Privilege                 Expected             Expected
                     Didactic style            Organisation focus   Personal focus
                                                                    Experimental style
Career               Progress with             Progress with        Progress against “my plan”
                     seniority                 capability
Engagement           Loyalty to organisation                        Engagement earned by organisation
                                                                    Need purpose and opportunities


Leadership           Visionary                 Inspiring            Trusted, Pace-setting,
                     Authoritative             Pace-setting         Charismatic, Driven,
© Roffey Park 2012
                     Measured                                       Decisive, Coach




                                               Talent Webinar
A global
                 phenomenon ?




Talent Webinar
Talent Webinar
Key points from the Shanghai General
Motors sample – Gen Y on Gen Y
                                  Enhancing personal expertise and
                                   realising one’s own self-worth (45%)
                                  Linking closely promotion, pay rise and
                                   organisational growth (22%)
                                  New challenges, continuous
                                   improvement (15%)
                                  Taking on responsibility to work towards
                                   shaping the organisation’s future (14%)
                                  Managing work-life balance (7%)


                             Generation 80/90 – even though they
                             love money and love their freedom,
                             they love their future even more!



                  Talent Webinar
How will we source talent from different
generations?




                   Talent Webinar
What attracts Boomers?



                                   Salary
                                   Title
                                   Status




                 Talent Webinar
What attracts Gen X?

                                   Entire package – not just
                                    money
                                       – Time off
                                       – Growth and
                                         development
                                         opportunities
                                       – Work-life balance/family
                                         priorities




                 Talent Webinar
What attracts Gen Y?

                                    They won’t settle for any
                                     job, or any package
                                        – Friendships
                                        – Making a valued
                                          contribution
                                        – Meaningful, challenging
                                          work – not mundane
                                        – Development prospects




                  Talent Webinar
What matters to me


                                   Family
                                   Friends
                                   Making a difference




                 Talent Webinar
Talent Dilemmas

                                    For the few or the many?
                                    Transparent or secret?
                                    Self-nominated or manager-
                                     nominated?
                                    Individually tailored or
                                     generic?
                                    Self-managed or organisation-
                                     managed?
                                    Overlaid by generational
                                     considerations




                  Talent Webinar
Retention - Boomers

                                    Like being respected, especially
                                     for demonstrating their
                                     competence, and for
                                     experience
                                    Career advancement doesn’t
                                     have to be linear and vertical
                                         – Sideways moves, and
                                           challenging projects can also
                                           be attractive
                                    Flexible working arrangements
                                         – Sandwich generation;
                                           supporting both
                                           ‘boomerangers’ and aging
                                           parents
                  Talent Webinar
Retention – Gen X

                                      A good boss
                                          – Approachable
                                          – Listens to their needs
                                          – Integrity
                                          – Gives feedback &
                                            encourages development
                                      Gen X will work
                                       diligently for a boss they
                                       respect



                    Talent Webinar
Retention – Gen Y

                                      Value given to their ideas
                                      Opportunities to develop
                                       their skills
                                          – Coaching and mentoring
                                      Want responsibility
                                      Flexibility
                                          – Work isn’t the only thing in
                                            their life
                                      Recognition – even for
                                       their potential

                    Talent Webinar
Talent Webinar
Shanghai General Motors HR view
on Gen Y

A. Like being respected
B. Leaders need to be trusted and charismatic
C. Like learning, exploring meaningful jobs
D. Promote open communication and get timely feedback and
   approval
E. Like autonomy, flexibility and interesting working
   environment
F. Look forward to mentorship and coaching developments
   (career development)
                              Talent Webinar
Implications for developing
Gen Y talent


                                     Visionary and
                                      engaging leadership
                                     Coaching skills
                                     Followership and
                                      managing upwards




                   Talent Webinar
What’s expected from Leaders


                                   An interest in people
                                   Able to listen to other
                                    people and their views
                                   Direction (alongside me)
                                   Inspiration
                                   Great facilitation and
                                    communication skills
                                   Decisiveness and control

                 Talent Webinar
Implications for leadership
development
                                      Moral dimension of
                                       leadership
                                      Self awareness
                                      Coaching behaviour
                                       change
                                      Respect, value and
                                       inclusion
                                      Leaders who develop
                                       leaders


                    Talent Webinar
The next generation


                                    Narcissistic
                                    Unique
                                    Highly intelligent
                                    If I ruled the world …




                  Talent Webinar
Talent Webinar
Productive “narcissists”-
just what we need?
                                      Bring passion
                                      Challenge the status quo
                                      Dare to break new
                                       ground
                                      Boldly innovate
                                      Provide vision
                                      Inspire others
                                      Drive organisations in
                                       new directions

                    Talent Webinar
East-West similarities and differences:
Narcissism in China too?




                        Talent Webinar
Characteristics of the 80/90s (Gen Y) in China – a shared
understanding by those working with the 80s/90s

                                  Positives: Independence, strives for
                                   success, individuality, full of ideas,
                                   jubilant, full of vigour, expressing
                                   individuality, innovative, willing to
                                   take responsibility for their actions,
                                   fervour
                                  Negatives: Misanthropic (lacking in
                                   emotional intelligence – EQ),
                                   rebellious, puzzled/impetuous,
                                   frivolous/irritable, demonstrates
                                   helplessness, is a slave to
                                   housing/loan issues, wilful,
                                   (complains about a) perceived lack
                                   of opportunity (triggers job-
                                   hopping)
                          Talent Webinar
Positive attributes of your generation


                                      Technological
                                       awareness/communication
                                      Creativity
                                      Acceptance/embracing
                                       diversity
                                      Community (on-line)
                                      Close as a generation
                                      Driven to succeed

                    Talent Webinar
Negative attributes of your generation

                                     A degree of arrogance
                                     Indecisiveness
                                     Being easily distracted
                                     Impatient
                                     Concern with weight and
                                      fashion
                                     Materialistic
                                     Technology (double-
                                      edged sword)
                   Talent Webinar
Changing and adapting policies –
examples from global organisations
                                     An American IT company
                                      launching a diversity and
                                      inclusion programme (which
                                      includes generational
                                      diversity) and then pushing it
                                      out globally using new
                                      technology
                                     A global financial services
                                      sector company which uses
                                      “high touch” contact through
                                      social chat rooms and
                                      information sessions



                   Talent Webinar
Changing and adapting policies –
examples from global organisations

                                     An international bank that
                                      advertises employment
                                      benefits to older workforce
                                      stakeholders (like parents!) –
                                      relatively “low-tech”
                                     A Chinese company taking
                                      the initiative to examine
                                      generational differences and
                                      adjust or refine its HR
                                      strategy accordingly




                   Talent Webinar
Actions to consider

                                        Have I undertaken a generational
                                         audit?
                                        Have I thought about the overall
                                         psychological contract from a
                                         generational perspective?
                                        Do I involve followers from
                                         across the generations in
                                         designing development initiatives?
                                        Do I look for opportunities for
                                         cross-generational learning?
                                        Am I supporting Gen Y’s first
                                         steps as managers?
                                        Have I ensured that our leaders
                                         are generationally in tune with
                      Talent Webinar
                                         their followers?
Time for discussion and questions




               Talent Webinar
Thank you to the students from
            Tanbridge House School and
   Christ’s Hospital School as well as volunteers
    from the Halogen Foundation, Singapore




                       Olivia Hardy   Alex Godsmark Bethany Dickson-Cave




Tof Odusolu   Gus Streeting      YunQing                    Alex Bland   YenSiu   Tash King

                                           Talent Webinar
For more information on Roffey Park
contact




             Melissa Green
             Marketing & Business
             Development Manager
             tailored@roffeypark.com
             +44 (0)293 851644
             +44 (0)7825 616281
                       Talent Webinar

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Talent and the generations

  • 1. Talent and the Generations Michael Jenkins and Alex Swarbrick Roffey Park Institute
  • 2. Welcome to the Roffey Park Talent and the Generations Webinar Michael Jenkins Alex Swarbrick Chief Executive Senior Consultant Talent Webinar
  • 3. Roadmap for today’s webinar  Getting on the same page about the generations  The generations at work around the world  Sourcing talent  Retaining talent  Developing talent  Taking action  Questions Talent Webinar
  • 4. Data sources for the webinar  Roffey Park research including focus groups  Research by generational specialists around the world  Global information from HR directors and programme participants – UK, China, Japan, Singapore, Europe (western, central and eastern), the United States and Africa  Gen Y interviews with youngsters in the UK and Singapore Talent Webinar
  • 5. Intergenerational issues – media hype? Yes, but …  Clear strategic issues for organisations across the world  Talent – Sourcing – Retention - expectations differ – Development into the future (10-15 years out) – Generational expectations and development strategies for HR Talent Webinar
  • 6. The Generations Traditionals/Silents born 1909 -1945 Boomers born 1946 -1964 Traditional Boomers (1946-1954)* Generation Jones (1955-1964)* Generation X born 1965 – 1979 Generation Y born 1980 – 1999 Linksters/Millenials born after 2000 *sub-division suggested in the Knoll report 2010: Generational Preferences Talent Webinar
  • 7. Impact of differences at work  How do generational differences play out at work?  How will we source talent from different generations?  How do we retain talent across the generations, given their different expectations of the workplace?  What can organisations do to meet the development needs of talent into the future? Talent Webinar
  • 8. Impact of differences at work Generational differences impact working styles and the psychological contract Talent Webinar
  • 9. Working styles Generation Working style Traditionals Directive, simple, clear Hierarchical, collective mindset, sharing wisdom, Boomers conservative, measured Fair, competent, straightforward, collaborative, Xers experimental within boundaries, reluctant respect for authority Challenging of authority, innovative, individualistic, fast- Gen Y paced, short-term focus, ambitious, narcissistic Talent Webinar
  • 10. Psychological contract Factor Boomers Gen X Gen Y Decision making Cautious Less risk averse Authority vested in hierarchy “I’ll express my view” Authority vested in competence Development Privilege Expected Expected Didactic style Organisation focus Personal focus Experimental style Career Progress with Progress with Progress against “my plan” seniority capability Engagement Loyalty to organisation Engagement earned by organisation Need purpose and opportunities Leadership Visionary Inspiring Trusted, Pace-setting, Authoritative Pace-setting Charismatic, Driven, © Roffey Park 2012 Measured Decisive, Coach Talent Webinar
  • 11. A global phenomenon ? Talent Webinar
  • 13. Key points from the Shanghai General Motors sample – Gen Y on Gen Y  Enhancing personal expertise and realising one’s own self-worth (45%)  Linking closely promotion, pay rise and organisational growth (22%)  New challenges, continuous improvement (15%)  Taking on responsibility to work towards shaping the organisation’s future (14%)  Managing work-life balance (7%) Generation 80/90 – even though they love money and love their freedom, they love their future even more! Talent Webinar
  • 14. How will we source talent from different generations? Talent Webinar
  • 15. What attracts Boomers?  Salary  Title  Status Talent Webinar
  • 16. What attracts Gen X?  Entire package – not just money – Time off – Growth and development opportunities – Work-life balance/family priorities Talent Webinar
  • 17. What attracts Gen Y?  They won’t settle for any job, or any package – Friendships – Making a valued contribution – Meaningful, challenging work – not mundane – Development prospects Talent Webinar
  • 18. What matters to me  Family  Friends  Making a difference Talent Webinar
  • 19. Talent Dilemmas  For the few or the many?  Transparent or secret?  Self-nominated or manager- nominated?  Individually tailored or generic?  Self-managed or organisation- managed?  Overlaid by generational considerations Talent Webinar
  • 20. Retention - Boomers  Like being respected, especially for demonstrating their competence, and for experience  Career advancement doesn’t have to be linear and vertical – Sideways moves, and challenging projects can also be attractive  Flexible working arrangements – Sandwich generation; supporting both ‘boomerangers’ and aging parents Talent Webinar
  • 21. Retention – Gen X  A good boss – Approachable – Listens to their needs – Integrity – Gives feedback & encourages development  Gen X will work diligently for a boss they respect Talent Webinar
  • 22. Retention – Gen Y  Value given to their ideas  Opportunities to develop their skills – Coaching and mentoring  Want responsibility  Flexibility – Work isn’t the only thing in their life  Recognition – even for their potential Talent Webinar
  • 24. Shanghai General Motors HR view on Gen Y A. Like being respected B. Leaders need to be trusted and charismatic C. Like learning, exploring meaningful jobs D. Promote open communication and get timely feedback and approval E. Like autonomy, flexibility and interesting working environment F. Look forward to mentorship and coaching developments (career development) Talent Webinar
  • 25. Implications for developing Gen Y talent  Visionary and engaging leadership  Coaching skills  Followership and managing upwards Talent Webinar
  • 26. What’s expected from Leaders  An interest in people  Able to listen to other people and their views  Direction (alongside me)  Inspiration  Great facilitation and communication skills  Decisiveness and control Talent Webinar
  • 27. Implications for leadership development  Moral dimension of leadership  Self awareness  Coaching behaviour change  Respect, value and inclusion  Leaders who develop leaders Talent Webinar
  • 28. The next generation  Narcissistic  Unique  Highly intelligent  If I ruled the world … Talent Webinar
  • 30. Productive “narcissists”- just what we need?  Bring passion  Challenge the status quo  Dare to break new ground  Boldly innovate  Provide vision  Inspire others  Drive organisations in new directions Talent Webinar
  • 31. East-West similarities and differences: Narcissism in China too? Talent Webinar
  • 32. Characteristics of the 80/90s (Gen Y) in China – a shared understanding by those working with the 80s/90s  Positives: Independence, strives for success, individuality, full of ideas, jubilant, full of vigour, expressing individuality, innovative, willing to take responsibility for their actions, fervour  Negatives: Misanthropic (lacking in emotional intelligence – EQ), rebellious, puzzled/impetuous, frivolous/irritable, demonstrates helplessness, is a slave to housing/loan issues, wilful, (complains about a) perceived lack of opportunity (triggers job- hopping) Talent Webinar
  • 33. Positive attributes of your generation  Technological awareness/communication  Creativity  Acceptance/embracing diversity  Community (on-line)  Close as a generation  Driven to succeed Talent Webinar
  • 34. Negative attributes of your generation  A degree of arrogance  Indecisiveness  Being easily distracted  Impatient  Concern with weight and fashion  Materialistic  Technology (double- edged sword) Talent Webinar
  • 35. Changing and adapting policies – examples from global organisations  An American IT company launching a diversity and inclusion programme (which includes generational diversity) and then pushing it out globally using new technology  A global financial services sector company which uses “high touch” contact through social chat rooms and information sessions Talent Webinar
  • 36. Changing and adapting policies – examples from global organisations  An international bank that advertises employment benefits to older workforce stakeholders (like parents!) – relatively “low-tech”  A Chinese company taking the initiative to examine generational differences and adjust or refine its HR strategy accordingly Talent Webinar
  • 37. Actions to consider  Have I undertaken a generational audit?  Have I thought about the overall psychological contract from a generational perspective?  Do I involve followers from across the generations in designing development initiatives?  Do I look for opportunities for cross-generational learning?  Am I supporting Gen Y’s first steps as managers?  Have I ensured that our leaders are generationally in tune with Talent Webinar their followers?
  • 38. Time for discussion and questions Talent Webinar
  • 39. Thank you to the students from Tanbridge House School and Christ’s Hospital School as well as volunteers from the Halogen Foundation, Singapore Olivia Hardy Alex Godsmark Bethany Dickson-Cave Tof Odusolu Gus Streeting YunQing Alex Bland YenSiu Tash King Talent Webinar
  • 40. For more information on Roffey Park contact Melissa Green Marketing & Business Development Manager tailored@roffeypark.com +44 (0)293 851644 +44 (0)7825 616281 Talent Webinar