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Recruiting and Retaining Millennials-Multiple Generations in the workplace

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Recruiting and Retaining Millennials-Multiple Generations in the workplace

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Age and generational differences are another aspect of workplace diversity that has been getting a lot of attention as Millennials enter the workforce. We highlight how to recruit, retain, motivate and lead four distinct generations.

Age and generational differences are another aspect of workplace diversity that has been getting a lot of attention as Millennials enter the workforce. We highlight how to recruit, retain, motivate and lead four distinct generations.

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Recruiting and Retaining Millennials-Multiple Generations in the workplace

  1. 1. Recruiting and Retaining Millennials Multi-Generations in the Workplace May 2014
  2. 2. About Your Facilitators  Angie Salmon, SVP – EFL Associates - Completed over 100 search engagements - Leads Board of Directors and Nonprofit Practice - “X-Y Cusper” and volleyball player Wayne Larson, CBIZ Marketing Coordinator - Former recruitment coordinator for KU School of Journalism - Listener, communicator, content creator, manager - “Grinding” – Work, not dancing wlarson@cbiz.com  913.234.1791  @larsonwayne asalmon@eflassociates.com  913.234.1576  @SalmonSearch
  3. 3. Generations – Our Definitions Generations Born Age Traditionalists 1930-1945 69-84 Baby Boomers 1946-1964 50-68 Gen X 1965-1976 38-49 Gen Y/Millennials 1977- 37 and younger
  4. 4. Understanding Diversity vs. Stereotyping
  5. 5. Traditionalists (69-84) – Defining Moments
  6. 6. Traditionalists – Performance Clues  Comfortable with delayed gratification  Value formal communication  Hard work, sacrifice  Recognition for great contributions  Utilize the lifetime of wisdom  Ask them (They might not volunteer)  Let them mentor – Gen Y trusts them
  7. 7. Traditionalists – Quiz A. Being asked to join the company softball team B. Cash bonus C. Employee dinner where spouse can attend D. Discounts for theatre tickets
  8. 8. Baby Boomers (50-68) – Defining Moments
  9. 9. Baby Boomers – Performance Clues  Competitive  Enjoy leading teams  “Work hard, pay your dues”  Measure work effort in hours per week  Want to be recognized for contributions  Prefer phone, personal interaction, meetings
  10. 10. A. Building a legacy B. Building a stellar career C. Building a parallel career D. Building a portable career Baby Boomers – Quiz
  11. 11. Gen X (38-49) – Defining Moments
  12. 12. Gen X – Performance Clues  Naturally skeptical  Loyal to individuals (not companies)  Training is security  Savvy with technology, media and information  Wants career security rather than job security  Balance now – not late in life  Prefer email, voicemail, direct and immediate
  13. 13. Gen X – Quiz A. Like their boss to parent them B. Very independent C. Strive to be loyal to one company D. Want to learn new skills for fun
  14. 14. Gen Y/Millennials (<37) – Defining Moments
  15. 15. Gen Y/Millennials – Performance Clues  Respect accomplishment vs. authority  Accustomed to praise/feel entitled  Great multi-taskers, team members  Want meaning and good balance  Build parallel careers  Want excitement & challenge  Purpose/mission focused  Technology driven
  16. 16. Perceptions/Advice for Gen Y
  17. 17. Making Sense of the Millennial World  Need for constant feedback – Others see it: Irritating, bid for attention – Millennial perspective: Eager to please, efficiency  Confident/Self-Assured – Others see it: Entitled, unwilling to pay dues – Millennial perspective: Want meaningful, important work  Disliking rigid work schedules – Others see it: Lazy, won’t “put in the time” – Millennial perspective: Work can be done anywhere, will work tirelessly for something exciting
  18. 18. Recruiting & Retaining Millennials
  19. 19. Hot Buttons for Millennial Job Seekers  Employer fits lifestyle, personality and priorities Fun Challenge Entrepreneurship Opportunity Creativity Ethics Lifestyle Diversity Technology Mission
  20. 20. The Millennial Job Search – Tactics  Make it personal  Instant gratification  Entertaining  Authentic  Straightforward Y-Size your website Clearly set expectations Offer more than money Compensation package Explain career paths Detail specific projects
  21. 21. The Millennial Job Search – Tactics
  22. 22. Millennial Retention Strategies  Week One is All-Important  Create Customized Career Maps – Be Specific  Model the Way – Reward Performance  Create Challenges and Milestones  Promote Collaboration  Communicate & Provide Feedback - OFTEN  Transparency & Access to Leaders  Understand Motivations  Talent Management Reviews
  23. 23. Providing Feedback  Generations may have different expectations – Traditionalists: No news is good news – Boomers: Once a year, with lots of documentation – Gen X: Sorry to interrupt, but how am I doing? – Millennials: Feedback whenever I want it…at the push of a button  Be specific and timely  Address performance issue, not intergenerational differences
  24. 24. Get Feedback to Provide Feedback  Talk with direct reports about their preference – Formal vs. frank – Verbal vs. written – Email vs. memo – On the spot vs. set a meeting
  25. 25. Millennial Retention Strategies  Understand Retention Data – Departure trends for high performers – Conduct an in-person exit interview  Create Emotional Connection – Highlight internal promotions – Defer incentives – Give more than money – Stretch projects – Creative scheduling
  26. 26. Millennial “Clashpoints” & Scenarios  Parallel Careers/Freelancing  Professionalism  Advancement  Flextime/Telecommuting  Inclusion  Rewards  Measuring results vs. Time  Personal Technology
  27. 27. Management Techniques for All Generations  Avoid judgment/assumptions  Treat associates as you do your members  Think “skills” not age  Build on strengths diverse groups provide  Ask and listen, be flexible  Set clear expectations and be specific
  28. 28. Generational Similarities  Challenging, meaningful work  Opportunities for learning  Development and advancement  Successful integration of work/personal life  Fair treatment  Competitive compensation  Want leaders who are: – Accessible, leads by example – Acts as a coach, holds people accountable
  29. 29. Come Together
  30. 30. Online Sources “Managing Tomorrow’s People: The Future of Work to 2020,” and “Millenials at Work: Reshaping the Workplace,” by Michael Rendell, Sandy Pepper, Karen Vander Linde, Leyla Yildririm, et. al. PriceWaterhouseCoopers “Millennials facing unique workplace challenges,” by Lexy Gross, USA Today, September 24, 2013. “Money no longer the motivator for Gen X and Gen Y?” by Ray Williams, Wired for Success-Psychology Today, August 1, 2010. “Study Reveals Surprising Facts About Millennials In The Workplace,” by Shama Kabani, Forbes.com, December 5, 2013. “What Millennials Want In The Workplace (And Why You Should Start Giving It To Them,” by Rob Asghar, Forbes.com, January 13, 2014. “The Beat (Up) Generation,” by Abby Ellin, Psychology Today, March 11, 2014. Sources & Works Cited Books Y-Size Your Business: How Gen Y Employees Can Save You Money and Grow Your Business by Jason Ryan Dorsey (2009) When Generations Collide: Who They Are. Why They Clash. How to Solve the Generational Puzzle at Work by Lynne C. Lancaster and David Skillman (2003) Presentations “Managing Generational Differences” CBIZ Supervisory Training, 2011. Online Sources “11 Tips for Managing Millennials,” by Susan Heathfield, About.com. “Gen Y Job Seekers: How They’re Different from Gen X and Baby Boomers,” by Dan Schawbel, TIME.com, September 24, 2012. “How Millennials are Transforming Careers and the Workplace,” by Ray Williams, Wired for Success – Psychology Today, September 16, 2013. “How the Millennial Generation Will Change the Workplace,” by Ray Williams, Wired for Success- Psychology Today, March 19, 2014.

Notas del editor

  • Wayne will introduce himself after Angie and put in a quick Millennial quip about “grinding” and “slang.”
  • Wayne provides overview.
  • Wayne provides overview and puts Millennial commentary on “Let them mentor” bullet.
  • Wayne administers quiz.
  • After Angie provides overview, Wayne provides Millennial commentary Baby Boomer preference.
  • Wayne provides overview.
  • Wayne provides overview.
  • Wayne provides Millennial explanation of Joel’s Twitter profile.
    Angie starts and manages discussion.
  • Angie provides overview of slide.
    Wayne completes slide by providing Millennial insight on Explain Career Paths point.
    Wayne goes to next slide.
  • Wayne provides overview of Tradebot’s approach and how it relates to Y-Sizing Your Website
  • Angie provides overview of slide.
    Wayne provides Millennial insight on Week One is All-Important point.
  • Wayne will be ready to provide more stories / examples here if necessary.

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