Silents, Baby Boomers, Gen X, Gen Y… Oh My! Jeff Smith, Principal Titan Group jeff@titanhr.com 540-400-6875 Agenda Define generations (Silent, Boomers, Gen Xers, Millennials) Understand the forces that shaped them Discuss how best to leverage each generation Share management tools/tips Learn how to best manage each talented group 2 Why do we care about this topic? Terminology Silent Generation Boomers Born 1946-1964; 80 million Gen X Born 1925-1945 Born 1965-1981; 51 million Millennials (Gen Y) Born 1982-2003; 80 million 4 Who is this guy and why should I care? Your next Manager is likely a huge fan of his… 5 Which of the Following Means the Most to You? Elvis joins the Army Jimi Hendrix dies MTV debuts Kurt Cobain dies 6 Then You Are a… Elvis joins the Army (Silent) Jimi Hendrix dies (Boomer) MTV debuts (Gen Xer) Kurt Cobain dies (Millennial) 7 8 Famous Silent Generation Martin Luther King, Jr. January 15, 1929 John McCain August 29, 1936 Marilyn Monroe June 1, 1926 Noam Chomsky December 7, 1928 Tina Turner November 26, 1939 Ray Charles September 23, 1930 9 9 Silent Generation at a Glance Born 1925-1945; smaller than boomers Conventional Grave; fatalistic Faithful Want to leave the work force Looking to leave a legacy; mentor others Believe in hard work, paying your dues, will be recognized if job is done well 10 Silents Shaped By… Great Depression WWII Korean War Politics of Inclusion Artistic expression Saving money 11 Silent Management 101 Respect Recognition Flexibility (review schedules; f.t. vs. p.t.) Ask them what they want to be doing? Legacy 12 13 Famous Boomers George Bush July 6, 1946 Bruce Jenner, Olympian October 28, 1949 Bill Gates October 28, 1955 David Letterman, Entertainer April 12, 1947 Madonna, Entertainer August 18, 1958 Donald Trump November 14, 1946 14 Baby Boomers at a Glance Born 1946-64; 80 million Challenged authority Idealistic Money, title and recognition Stellar career; competitive Starting to burn out Believe in hard work, paying your dues, will be recognized if job is done well 15 Boomers Shaped By… Suburbia TV Vietnam, Watergate Protests Human Rights Movement Drugs and Rock ‘n Roll Shifting from Pensions to 401k’s 16 Boomer Management 101 Respect Authority Recognition Status Show them key to success Flexibility (review schedules; f.t. vs. p.t.) Challenge them to continue growing 17 6 7 2 5 1 3,4 18 Famous Gen Xers Tom Anderson, founder MySpace November 8, 1970 Chad Hurley, founder YouTube 1977 Larry Page, co-founder Google March 26, 1973 Sergei Brin, co-founder Google August 21, 1973 Pierre Omidyar, founder, eBay. June 21, 1967 Jerry Yang, co-founder,Yahoo. November 6, 1968 David Filo, co-founder,Yahoo. 1966 19 Generation X at a Glance Born 1965-1981; 51 Million Balance between work and life Value freedom Flexible and motivated Build a portable career Skeptical 20 Gen Xers Shaped by… Sesame Street, MTV Game Boy; Atari; Nintendo PC Divorce rate tripled Latch key children Parent’s laid off from AT&T, Chrysler, etc. 21 Gen Xer Management 101 Avoid judging Accommodate individual needs whenever possible Demonstrate competence to earn respect Forgive impatience Be a coworker until someone requires a boss Create fun events and a stimulating environment Celebrate the heroes on your staff 22 23 Famous Millennials LeBron James, NBA basketball December 30, 1984 Jessica Lynch, US Army April 26, 1983 Olsen Twins, Entertainers June 13, 1986 Prince William June 21, 1982 Prince Harry September 15, 1984 Daniel Radcliffe, Actor July 23, 1989 24 Millennials at a Glance Born between 1982-2003; 80 million Gen Y, Internet generation, Echo Boom, Nexters, Nintendo or Digital generation Need mentoring; growth opportunities Confident Hopeful Goal- and achievement-oriented Civic-minded Inclusive-like working in teams 25 Millennials Shaped By… Focus on children and family Scheduled, structured lives Parent Advocacy Terrorism Heroism Patriotism Multiculturalism Globalism Hurricane Katrina 26 Millennial Management 101 You be the leader Challenge me Let me work with friends Let’s have fun Respect me Be flexible Don’t expect them to pay their dues; don’t dampen their enthusiasm Constant feedback 27 Millennials at Play 80% talk to their parents daily and 75% see their parents weekly 50% have modified their body with a tattoo or piercing 20% have little or nothing to do with religion 33% pay attention to politics "most of the time" 48% identify as Democratic Party and 35% as Republicans 40% feel that as a citizen they have a "duty" to vote 23% read the newspaper 67% feel that immigration is good for the country 74% support privatizing Social Security 47% support gay marriage Source: Pew Research Center for the People & the Press 2007 28 Welcome to Your Workforce Silent Generation Birth Years Baby Boomers Generation X Millennials Before 1945 1946-1964 1965-1981 1982-2003 Quality Long hours Productivity Contribution Motivator Security Money Time off Time off Company Highest Loyalty High Low Low Money is Livelihood Status symbol Means to an end Today’s payoff Family/Community Success Time Individuality Business Focus Value 3 Divides Technology Attitude toward business Consumer attitude mindset 30 Technology 24/7 Connectivity Breaks down hierarchies Encourages networks Challenges traditional management practices Is it a tool or a toy 31 Attitude Towards Business Silent—Loyalty Boomers—Competitive; move ahead Xers—Skeptical Millennials—What are you doing for—me, the community and are you honest? 32 Consumer Attitude Question value High-quality Easily to handle microwavable experiences Want to know how you have grown your skills 33 3 R’s and 3 C’s Respected Recognized Remembered Coached Consulted Connected 34 Decoding Generation Differences, W. Stanton Smith p. 26 Key Motivational Factors Daniel Pink—Drive 1. Autonomy 2. Mastery 3. Purpose Carrot and stick is so last century!!! 35 Management Tips for All Mindset of thinking flexibly Work with friends Respect Have some fun Sense of humor Challenge and stretch employees minds Mentor 36 Millennials Management Tips Engaging experiences Transferable skills Provide rationale for the work Reward extra effort Variety of tasks Help with flexible schedules Teams 37 Problem: My Younger Workers Want More Flexible Schedules Solutions: Hours Ability to connect with outside world Less hours More flexibility of location of work More time off 38 Problem: My Younger Workers Seem to Need Constant Feedback…Why? Why? Why? Solutions: Pull-up to their desk Explain the rationale Okay to text or tweet responses Schedule short meetings more often Review their growth at least quarterly 39 Problem: Getting People Interested in Management Roles Solutions: Need to explain what’s in it for me (WIIFM) Highlight the learning opportunities Create a strong mentoring/coaching program Outline who they will be working with Identify how many extra hours will be required? Define the compensation Link their role to the vision; provide lots of feedback 40 Problem: Keeping Key Boomers and Silents Solutions: Flexible schedules (Part-time) Identify growth possibilities Set up them up with a mentee Leave a legacy (Silent; older Boomers) Set clear expectations for promotion 41 Problem: Retaining top young talent Solutions Make it less about work Connect with the community Let them work in teams Let them choose a mentor Give them meaningful work Allow more flexibility Ask for their opinions 42 What Can I do Tomorrow? Create mentoring programs Have a coaching session with a direct report about their career Explain changes you are hoping for Learn something new from a millennial 43 About Titan Group LLC Formed in 2001 Owners: Lee Weisiger & Genevieve Roberts 9 Employees (7 Consultants) 100+ years of HR Experience Headquartered in Richmond, VA Office in Roanoke, VA Five year annual growth rate over 30% Named Small Business Success Story by Virginia Business Magazine in 2008. www.TitanHR.com 44 Our Services Compensation Services Employee Training & Leadership Development HR Advisory Services Talent Strategy Services Executive Compensation & Benefits Roanoke Regional Compensation Survey in the Fall—stay tuned!!! www.TitanHR.com 45 Recommended Resources Decoding Generational Differences: Fact, fiction or should we just get back to work? (W. Stanton Smith, Deloitte) Generations at Work (Ron Zemke) Millennials Rising (Neil Howe, William Strauss) Millennial Makeover: MySpace, YouTube, and the Future of American Politics (Morley Winograd, Michael D. Hais) Pew Research Center For The People & The Press How Young People View Their Lives, Futures and Politics Managing the Millennials (Espinoza, Rusch and Ukleja) 46