The NextGen Worker - Embrace the Millennial Workstyle
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Transcript of The NextGen Worker - Embrace the Millennial Workstyle
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Different Times – Different Styles
• Baby Boomers (1946 - 1964)– Competitive workaholics– Optimistic– Results oriented– Live to work
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Different Times – Different Styles
• Generation X (1965-1980)– Independent self-starters– Entrepreneurial traits– Not quite attached to their employer
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Different Times – Different Styles
• Millennials or Generation Y (1981-2000)– Non-conformists– Collaborative– Socially conscious– Demanding– Multi-tasking– Works to live
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Millennials and Technology
• Fluent and comfortable with technology– 74% feel that new technology makes their lives easier– 54% feel new technology helps them be closer to their friends and family
• Founded the social media movement• Glued to their smartphones
– Used more than any other generation– 83% say they sleep with them!
• It’s more than social
* Source: Nielsen 2/26/2014
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Social Media is Everywhere
• If Facebook were a country, it’s the third largest in the world (China, India)
• 53% of Millennials would rather lose their sense of smell than their technology
• Every 2 seconds someone joins LinkedIn
* Source: SocialNomics.com, 4/16/2014
• Grandparents are the fastest growing demographic on Twitter
• The :06 Vine is the new :30 commercial
• The average person as a :07 attention span
• Image-centric networks are seeing huge success
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All This Impacts Work
1. Recruiting
2. Mentoring
3. Communication
4. Performance Management
5. Incentives
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PwC NextGen: A Global Generational Study
In collaboration with University of Southern California and London Business School
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The largest global generational study
18 territories
300 interviews
30 focus groups
44,000 surveys completed
1,000 millennials and
45 leaders jamming
…
12 researchers from USC & LBS
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When you were born makes a difference
Social needs:• Team cohesion• Supervisor support & appreciation• Flexibility
Transactional needs: • Control over work• Development opportunities• Pay satisfaction
Non-millennial (before 1980) Millennial (1980—1995)
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The need for flexibility …
• 20% females• 15% males
Work is a thing not a place
Rethink workinghours
Less hours for less pay $
would accept at least 20% less pay - and a slower promotion schedule - in order to work a 40 hour week
Flexibility FlexibilityFlexibility
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Lower tolerance for meaningless work
More millennialssay their work is repetitive and boring
Make sure your people know why they’re doing what they’re doing!
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Cut to the chase …
Make it meaningful
Appreciate them
Recognize them
Be flexible
Follow us on Twitter:@JiveSoftware
@ElisaSteele
@MillennialXpert
@JoeRotella
Join us for more conversation in the Jive Community at community.jivesoftware.com