Trust in a Multi Generational Workforce

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For the first time in the history of American business, four very different generations are working side by side and/or remotely in your corporation. Each generation brings its strengths as well as its perspectives. Understanding the differences between these generations can help businesses plan for change, implement new programs, and capture the different interests of its employees to ensure higher productivity and morale and ultimately profits. This Webinar will discuss the characteristics of the four generations and their strengths: the Veteran, the Baby Boomer, the X Gen and the Millenniums. It will also highlight what each generation values and trusts and where there are potentials for trust erosion due to different perceptions and expectations. Executives will gain recommendations on how to honor the generational differences and utilize the strengths to create a high trust work environment which is productive and profitable. Learn how to work better and win in this economy within a multigenerational environment!

transcript

Cynthia OlmsteadPresident TrustWorks Group, Inc.

Trust in a Multi-Generational Workforce

www.trustworksgroup.com

Rose AvilaPrincipal ConsultantRMA Consulting, Inc.

www.trustworksgroup.com

Objectives

• Understand Generational Distinctions• What is Trust?• Create a Common Language• Bridge the Generational Trust Gap

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Are You Ready?

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??Do You Know? QuizQuiz

• JKJK• BFFLBFFL• GTGGTG• LOLLOL• WYCMWYCM• BRBBRB• OMGOMG

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Today’s Workplace

• Multi-generational: 4 generations

• Multi-diverse: ethnicity, age, cultural backgrounds

• Multiple value systems

• Multiple motivations

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“He has a poor work

ethic.” “Just can’t find good workers today; no one wants to work

8 hours a day.”

“I want to coach my kid’s little league team but my boss

won’t let me.”

“Can’t you see that the Internet can increase our revenues by 20% each year?”

“Get a life! There is more to life than work.”

Typical Generational Comments

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Poll Question

What generation are you?Born before 1946 □Born between 1946 – 1964 □Born between 1965 – 1980 □Born after 1980… □

Traditional Generation Age: 64-87 Born: 1922 – 1945 10% of workforce

Baby Boomers Age: 45 - 63

Born: 1946 – 1964 44% of workforce

“Live to Work”

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Gen Xers Age: 29 - 44

Born: 1965 – 1980

34% of workforce “Work to Live”

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Gen Yers/Millennials Age: <28 Born: 1981 – 2004 >12% of workforce

“Work My Way”

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Different Outlooks, a good thingVeterans: Value: tradition; loyalty;

hard work; structure Motivated by:

“job well done”

Boomers: Value: work, work, work

to get ahead; achieving success

Motivated by: symbols of achievement, e.g. titles, promotions;salary increases, special perks

Gen-Xers: Value: freedom; flexibility;

change; fun; life balance Motivated by:

informality; regular feedback; learning, training, immediate recognition

Gen-Yers: (Millennials) Value: making a difference;

knowing that their work is meaningful; challenge

Motivated by: civic duty; morality;social justice

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So, what does Trust have to do with this?

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Based on…

Perceptions

Behaviors

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Workplace PerceptionsFor example: Traditionalists: linear focused

Boomers: highly success oriented, competitive

Gen Xers: work-life balance; flexible work place

Millenniums: global is local, cause driven;

multi tasking

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A Framework for Generations

• A common language that helps us get past generational perceptions

• Provides common reference point for each other

• Takes away the temptation to stereotype and/or perform “character assassinations”

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Gen Xers Want…INVOLVEMENT: Engaged in offering ideas and solutions

TRAINING, FEEDBACK, MENTORING

RESPECT: work space, time, consideration, allowed to get own needs met

FULL DISCLOSURE: fairness, ethical, honest data

GOALS, DEADLINES, FOLLOW-THROUGH

aAble

bcd

Believable

Connected

Dependable

Demonstrate Competence

Act with Integrity

Care about Others

Maintain Reliability

ELEMENTS

7 People Focus8 Communication9 Recognition

10 Responsiveness11 Accountability12 Organization

4 Honesty5 Values6 Fair Process

1 Expertise2 Performance3 Facilitation Skills

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Workplace Challenges• Create a work environment that

supports and integrates the needs of multi-generations

• Build leadership that knows how to communicate

• Embrace differences

• Maintain trust across generations

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The Workforce of the Future

Fostering collaboration among the generations should be part of the

process within each phase of work.

~ Robert WendoverCrossing the Generational Divide

“”

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Please join us for our Next Webinar

How to Rebuild Trust After DownsizingTuesday, May 5, 2009 9:00 AM - 9:45 AM PST

www.trustworksgroup.com

Want more information?Contact us at: 619-295-5678

orVisit us at

www.trustworksgroup.com

to learn more about TrustWorks programs for your workplace, certified facilitator training or other

consulting services.

Thank you for joining us!

Cynthia OlmsteadPresident TrustWorks Group, Inc.

Trust in a Multi-Generational Workforce

www.trustworksgroup.com

Rose AvilaPrincipal ConsultantRMA Consulting, Inc.