The U.S. is in the midst of the largest shift of of human capital in history. Some 80 million millennials are becoming the majority of the workforce while the nearly 80 million Boomers head full steam retirements. The change has major implications on hiring and retaining employees as well as branding, marketing and managing companies.
4. 3 Trends of Current Revolution
Front #1: Decline of traditional management
• Hierarchies/bureaucracies fraying
Front #2: Social internet revolution
• Explosion of content, news, info, entertainment
Front #3: Millennials in workforce
• 80+ million emerging as leaders
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5. Disclosures
Yes, these are generalizations
Yes, there are exceptions
What follows is a compilation of research
and literature from multiple sources
Plagiarism vs research
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7. Generations
• 18 generations in U.S. since 1776
• One every 20 years
• Revolutionary generation every 80-100 years
– Revolutionary War generation
– Civil War generation
– Depression/World War II generation
– Millennial generation
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9. Generational Divides
(Shared Experiences)
Generation Born Age in 2014 Core Influence
Silents Mid-1920s to early 1940s 70-90 Depression, WWII
Boomers Early 1940s to early 1960s 55-70 Man-on-Moon, Vietnam
Millennials Early 1980s to early 2000s 10– 33 9/11, Web 2.0, terrorism
Xers Early 1960s to early 1980s 34-54 Latch key, Challenger
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11. Boomers
• Don’t trust anyone over 30
• Love the one you’re with
• Flag burnings
• Woodstock Generation
• Age of Aquarius
• 60-hour work week
• Transistor radios
12. Common Experiences
Boomers remember ...
• Polio
• Bomb shelters
• President Kennedy assassination
• Vietnam
• Kent State
• Woodstock
• Kodak moments
• NASA/Man on Moon
• Fins on cars
• TV: Ed Sullivan, Lucy, Walter Cronkite
13. Common Experiences
Millennials remember ….
• Parents being downsized
• Friending
• Digital yearbooks
• 9/11, war on terrorism
• GM has always meant Genetically Modified
• Watching TV without a TV set
• Photos without film
• Luggage on wheels not shoulders
• Amazon not just a South American river
• Music has always been free (downloaded)
14. Y Characteristics
• Living with parents longer
• Buying home later
• Food from convenience stores
• More education
• Earning less
• Optimists
• Urbanites
• TV: Streaming,
Jon Stewart
• Marrying later
• Children later (but more of them)
17. Boomers
• Nearly all Boomers will be retired by 2020 …
… that’s just five years from now!
• Not enough Xers to replace them
• Thus, Millennials will take over!
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24. Loyalty
• Ys more loyal to self than to employer
• Who taught them?
– Re-engineering
– Down sizing
– Laid off
25.
26. 26
Communications at Work
Boomer: Did you get my email request?
Millennial: Huh? What email?
Boomer: I emailed you 20 minutes ago to
bring me the Smith estimate.
Millennial: Well, if it was urgent, why
didn’t you text me?
27. • Gen Y workers want a job that lets them
exercise personal values and beliefs.
• 62% want to work for
companies that give them a
chance to use their skills to
help a nonprofit.
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• More than 60% of students volunteer at
least monthly.
29. Trees for Troops:
Reach & Impact
14.2 MILLION households
said they saw, read or
heard about Trees for
Troops
1.9 MILLION households
said T4T “influenced” their
decision to purchase a
farm-grown tree in 2007
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30. ALS Ice Bucket Challenge
• ALS donations up
from $2.5 mil in
2012 to $79.7 mil
now!
• Plum Hollow CC
takes Ice Bucket
Challenge!
http://ow.ly/AGGOW 30
34. North Inch Golf Course
• World’s oldest course
• Changes to survive:
– 6-hole option
– Free coaching for juniors
– Flexible pricing
– Get into golf for beginners
– Young adult season ticket
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39. EXPERIENCE
1. Emotion and experience over
products and services
memorable experience
creates raving fans
(starting with waiting rooms)
social media helps people
achieve personal satisfaction
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42. When Millennials Take Over
4 Capacities Organizations Must Develop
1. Digital
2. Clear
3. Fluid
4. Fast
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43. When Millennials Take Over
Capacities Organizations Must Develop
1. Digital
• Clear digital mindset
• Focused on personal service
• Continuous innovation
• Nothing is ever done
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44. When Millennials Take Over
Capacities Organizations Must Develop
2. Clear
• Information shared
• Collaboration improves lives
• Make it visible and transparent
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45. When Millennials Take Over
Capacities Organizations Must Develop
3. Fluid
• Nimble
• Flexible
• Shared power & authority
• Integrated teams replace silos
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46. When Millennials Take Over
Capacities Organizations Must Develop
4. Fast
• More responsiveness
• Keep up with changes
• Keep looking for new ideas
• Quick & easy
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47. Discussion
1. Table talk:
a) What does Generational change mean to
your company?
b) What does it mean to your role/job?
c) What does it mean for hiring policies?
2. Should your company engage in a cause? If
so, what?
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49. Much of this information provided by NCTA from research
conducted by Market Directions Inc.
Gen Y Information Sources:
1) Market Directions … www.marketdirections.com
2) When Millennials Take Over …
http://www.culturethatworks.net
3) Beloit College … www.beloit.edu (Mindset List)
4) Knowing Y: Sarah L. Sladek
5) Generational Diversity: Jamie Notter
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50. Steve Drake
President
10564 Carena Circle
Fort Myers, FL 33913
(314) 239-9464
CONTACT
INFORMATION
steve@scdgroup.net
@stevedrake
@causeaholic