Date post: | 14-Apr-2017 |
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Leadership & Management |
Upload: | sandra-yaworski |
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Harnessing the Potential of the Millennials in the WorkplaceAge diversity in the workplace and what it means
By Sandra Yaworski
Generation Born During Age in 2016
Stereotypically Known for:
Baby Boomer
1945 to 1964 52 to 70 yrs
Achievement and financial orientation “self absorbed, workaholic”
Gen X 1965 to 1980 36 to 51 yrs
Autonomy, productivity, adaptability“work–life balance”
Millennials 1981 to 2000 19 to 35 yrs
Entrepreneurial, global awareness, socially connected, technologically savvy, creative, collaboration (team)“selfish, self-entitled”
The Generation Segments
31% 34% 37%22%50%20%
Demographic Shift - 2014 versus 2020
Source: Statistics Canada Labour force survey estimates (LFS), by sex and detailed age group
Baby Boomers Gen X Millennials
2014: 1st time millennials outnumbered baby boomers and Gen X in the workforce.
Needed to foster & transfer cross generational knowledge
Our next leaders as boomers retire. They have been waiting for their turn.
Expect more from their employers than previous generations – “Show me why I should work for you!”
Millennial Agenda• Collaboration / working
on teams• Entrepreneurial mind /
ambitious• Values based• Technologically savvy• Creative / Innovative
Millennial Advantage
• Social & Environmental conscious employers
• Meaningful work• Personal growth /
Mentorship• Technology to be
present• Work anytime /
anywhere
Strategies to attract Millennials• Non-standard work hours• Remote work• Any device
Clear career paths
Flexible work environment
• Meaningful work – tied to purpose• Ongoing Training • Mentorship
Team based work
• Allow different teaming models • Exposure to all parts of the organization• Several projects with opportunities for
leadership
Make it fun• Cool and immediate rewards for small successes• Freedom / flexibility in type of work• Activities to socialize with co-workers
R U RDY?Do you have a
transition plan?Need Help?