The_Arrival_of_the_Millennials_Final_For_Review

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The Arrival of the Millennials:

The Arrival of the Millennials Scott Allison Toby Eiler Jenna Hase Jennifer Offord Shellea Redd

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Who ARE the Millennials ? And why should I care?

We are the Millennials!:

We are the Millennials ! Here are some things you should know about us.

You may also know us as :

You may also know us as Gen Y Digital Natives Nexters www ECHO BOOMERS N GENS

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We were born from 1980 to 2000 21% of Millennials say helping people in need is one of the most important things in life

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We have been impacted by HURRICANE KATRINA, 9/11, SCHOOL SHOOTINGS, And the IRAQ WAR!

1 in 3:

1 in 3 Of us say our current job will be our CAREER

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About 40% of us ages 18 to 24 were enrolled in either a 2 or a 4 year college in October 2008 1 out of 5 of us are college graduates

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60% of us working between the ages of 20 to 29 years old have cashed out our 401(K)plan

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8 out of 10 of us sleep with a CELL PHONE nearby

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1 in every 5 of us have posted a video of ourselves online

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Almost 40% of us have a tattoo and 70% of those are hidden

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44% of Millennials say that marriage is becoming obsolete, compared to 35% of Boomers who feel the same way Over 50% of viewers of YouTube's top 5 channels are under 35

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GEN Y are socially connected, tech savvy, and want to earn an income on their own terms. - Doug Weir

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Working age GEN Yers have the highest unemployment rate of all demographics

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Habitat for Humanity 70 % of us believe that what we do is more important than what we make

According to the Bureau of Labor Statistics:

According to the Bureau of Labor Statistics We will have held an average of … 10 to 14 JOBS by the time we are 38

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WE VALUE FAMILY FRIENDS MEANINGFUL WORK

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So what do all these statistics mean?

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What is the Issue? Millennials have personal, lifestyle, and career characteristics/values … than any other generation previously or currently in the workforce extremely different…

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There are 80 million Millennials entering the workforce - 100 million with immigration – What are the driving forces behind the issue?

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Jenna 25 Millennial

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What are the impacts/effects that this issue will have on the work-environment?

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What are the “ landmines ” and critical elements that must be kept in mind and addressed?

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What are the practical applications/ recommendations for being successful in this future reality?

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Why are Millennials and Boomers so Different?

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Versus

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Cultural – Growing Up Baby Boomers Millennials Globalization Civil Rights Movement Information Revolution 1 st Man on Moon 9/11, School Shootings: VA Tech, Columbine Technology Explosion Ethnic Diversity Postwar Prosperity Prosperity 1 st Gen with TV Indulgence

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Personal & Lifestyle Characteristics Baby Boomers Millennials Incredibly Expensive Optimism & Involvement Realism, Social, Fun Call me anytime you want – I am always available E-mail & Internet: Whatever is most convenient Buy Now, Pay Later Earn to spend Disintegrating Merged Birth Right Value

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Work/Career Characteristics Baby Boomers Millennials You are special - Connect 24/7 Work is an Adventure Work is Fulfillment Team player Participative Don’t appreciate Feedback Need Instant & Constant Feedback Workaholics Multitasking You are valued/needed Consensual Leadership Leadership style still TBD Work/Life Balance Work to live – No balance

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What does a Boomer say about all this?

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What impacts do I see? Landmines for Millenials Recommendations for Millenials Fred Staff VP, HR Wellpoint 1976-2009

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So What NOW? How will corporations Manage? Recommendations

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When Working With… Baby Boomers Millennials Customize to meet their unique needs Recognize their competitive nature Follow-up, check-in, & ask Gather their input Individualize / Customize Peer-level examples Manage projects; Not time Ask for their input Provide information & guidance Be impressed Maintain technology Utilize time wisely Demonstrate teamwork Challenge & increase responsibility DOs

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When Working with… Baby Boomers Millennials ASSUME Create a stressful environment Forget the importance of the individual Assume Assume …you understand …technology is the solution Don’ts

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ACORN c comadate employee differences r eate work place choices p erate for sophisticated mgmt. style e spect competence and initiative o urish retention

Works Cited:

Works Cited Brown, Fred. WellPoint VP Human Resources. Personal Interview. 18 Jul 2012. Halen , Van. “Right Now.” Hase, Jenna, DFAS Human Resources Specialist. Personal Interview. 15 Jul 2012. Little, DeEtta . “ Gonna Fly Now (Rocky Theme Song) “Mixing Four Generations in the Workplace.” Learning Communications. 2007. Raines, Claire. “Connecting Generations. ” Crisp Publications . 2003. “The Next Generation of Workers.” The Ken Blanchard Companies. 2007 Tolbize , Anick . “Generational Differences in the Workplace.” University of Minnesota . 16 Aug 2008. VersantWorks . “Aligning a Multi-Generational Workforce with your Business Goals.” 2007.

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THANK YOU

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