Four Generations Working Together Puget Sound Business Travel Association Seattle| Sept. 2012 Juliann Wiese Director Talent Management and Development “Companies committed to staying on top of shifts in workplace attitudes and expectations need to recognize how inextricably intertwined the workforce and the information services of tomorrow will be. Understanding the strategic implications that emerge from the evolution of both will enable organizations to position themselves better to innovate, attract top talent, and win in the marketplace.” Daniel W. Rasmus Director of Business Insights Microsoft Corporation Relevance Generational differences can significantly impact: Recruiting and retaining talent Knowledge transfer Change management Motivation and morale Commitment and productivity Innovation and technology Where does your company fall in the following generational change spectrum? Level 4: “The generation of people at our organization isn’t an issue.” Level 3: “The generational change is an emerging issue within our organization but we haven’t done much about it.” Level 2: “We view generational change as an emerging opportunity.” Level 1: “We’re actively changing the work culture to harness the power of each generation.” Does this look familiar? http://www.youtube.com/watch?v=JugpV3jg0Cg Today’s Workplace Demographic Traditionalists or Pre-Boomers (pre1946) 6% of work force “I am my work” Baby Boomers (1946–1964) 41.5% of work force “I live to work” Generation X (1965-1980) 29% of work force “I work to live” Millennial/Gen Y (1981-2000) 24% of work force “I work to play” Traditionalists Or Pre-Boomers Born Pre-1946 Born in the Industrial Age Respectful of authority Sacrificed for the greater good Conventional Fiercely loyal Strong work ethic Boomers http://www.youtube.com/watch?v=BLOUKnndjFc&feature =related Baby Boomers Born 1946 - 1964 Grew up in an era of reform Questioned authority Competitive Defined by their professional accomplishments Everyone should pay their dues 80 million could exit the workforce in next decade Generation X – Born 1965 to 1980 Information Age Generation of “firsts” Self-reliant Friends became family Work/life balance critical Work smarter, not harder Do You Know WHY they are called Generation Y? Millennial or Gen Y Born 1981 to 2000 The “why” generation Highly educated – least experienced “Trophy” Kids Confident Technology Dependent High expectations Technology Dependent? SNAPSHOT PreBoomer Boomer Gen X Gen Y Attire Formal Bus. Casual (smart) Bus. Casual (relaxed) Casual and comfortable Work Environment Office only Long hours office and home Office, home, flex schedule Mobile anywhere ROWE Motivators Self-worth/ Loyalty Salary/ Recognition Security/ Flexibility Personal Life/ Fun/ Relationships Mentor Wisdom and Experience need to be utilized Pay your dues, earn your place Don’t Micromanage me Coach me/ Involve me/ Support me Communicate Formal – face to face Face to Face Email/ phone/Web IM/Text Career One job for life Excel at what you do Transferable career Goes where the fun is Pre-Boomers Supporting Them Bring Out Their Best Working Together The Last Word Ask questions Ask for their opinions Respect me Respect their knowledge Harness their expertise Consider using a more formal approach Avoid techno-babble Adapt the work (print size) Demonstrate loyalty Offer flexible work solutions Make and keep appointments Face to face is preferred From the children are seen and not heard era Command and control style Work ethic is power Reward publicly I am my work Provide opportunities for knowledge transfer Grew up in the Depression / WW2 Boomers Supporting Them Bring Out Their Best Working Together The Last Word Respect their knowledge Adapt work environment Recognize and reward Value me Speak face to face Upgrade their technology skills Offer flexible work solutions Civil rights, women’s rights Avoid techno-babble Cross mentor Encourage to challenge the status quo Support programs that bridge retirement Socially conscious work opportunities Allow telecommuting Reward with title and position Counsel respectfully Listen to their advice Avoid age jokes Get to know who they are not just what they do Job opportunity abundant Workaholic Epidemic divorce Work experience is power I live to work Gen X Supporting Them Bring Out Their Best Working Together The Last Word Help grow their resume Create a fun environment Ask what do you think Invest in me Involve them in strategy and planning I work to live Be authentic – walk the talk Provide career-paths Informal approach Guidelines vs. policies Explain the what, not the how Individualize training plans Provide meaningful work Relax the work settings Create flexible benefits and rewards Acknowledge efforts Offer lateral moves Engage in open and honest dialogue Let go of pay your dues thinking Be open minded to creative ideas Avoid micromanaging Be flexible with work hours Support life goals alongside career goals Manage less structurally Columbine Global warming Personal Computers Realists Loyalty to self Values work life balance Gen Y Supporting Them Bring Out Their Best Working Together The Last Word Provide stimulating work Provide internet discussion groups Encourage input Mentor me Provide for coaching and mentoring I work to play Avoid micromanaging Attach rewards to performance Offer project based work Embrace social media and technology Offer career-paths Educational reimbursement Leading edge training programs Shortened training periods Flexible benefit and work options Promote autonomy with boundaries Promote lateral moves Make work fun and build in humor Offer individualized attention Ask about friends, families and hobbies Give them real responsibility Avoid hierarchy 9/11 Informal communication Cell phones/internet/iPods Show commitment to growth and development Blended families the norm Be transparent and honest Environmentally and civically minded Follow policies that promote teamwork, diversity, inclusion Raised with limited rules Open space office concepts for idea sharing Show appreciation for tech-savvy skills Desensitized Key Actions! Collaborate Communicate Educate Accommodate 2020 Predicted Trends Business decentralization trend will continue Work day punctuated Knowledge transfer critical Just in time learning Thinning of middle management Blended workforce Despite our differences… We all want… Respect Appreciation To Contribute Thank you! Juliann Wiese Director Talent Management and Development