Optimize Millennials' work style to energize business
Tuesday, June 23, 2015
Posted by: Barbara Francella
are at the end of the workforce as we know it — meaning we're on the verge
of new opportunities," Sarah Sladek, CEO of consulting firm XYZ
University, told participants during the second NEW Multigenerational
Leadership webinar, "Generation to Generation: Capitalizing on
Differences," June 18, 2015.
first time in decades, Baby Boomers (those born between 1946 and 1964) do not
represent the majority of the workforce. It's now Generation Y, also known as
Millennials (born between 1982 and 1995), who are the majority, and are on
their way to representing 75 percent of the global workforce by the year 2025.
To leverage everyone's talents, industry leaders and workplace managers must
understand and optimize generational differences.
Boomers came of age, they were the wealthiest, largest generation of their
time, raised to pursue the American Dream, Sladek said. Generation X, those
born between 1965 and 1981, were born at the crossroads of social change, and
value customization, globalization, individuality.
or Generation Y, raised in a post-Industrial era driven by technology and
innovation, are often misunderstood by older generations. They're often
criticized with a host of negative descriptors, from being "lazy" and
"annoying" to being "horrible communicators," Sladek said. These
notions can be exacerbated by Generation Y's casual approach to the workplace,
preferring a free-flowing, even playful environment.
Meanwhile, Boomers and Generation X'ers have been conditioned to regard
patience as a professional virtue, while Millennials have been raised in the
Google era, with answers and actions at their fingertips.
Few managers understand that Millennials "tend to prefer opportunities to
collaborate," Sladek noted, adding that a "lack of positive
relationships is the number-one reason most Generation Y's will leave an
to bridge that gap? Sladek advises all teammates to acknowledge that "Generation
Y brings to the table new skills, productivity and using time
effectively," and that "the ability to collaborate will be the key to
your organization's success."
Know that problem-solving capabilities between generations differ, and that
will require hearing and understanding everyone's input, she advised.
Generation Y has asked "for a voice, not just money."
Boomers and Generation X teammates are a valuable mentoring resource — and can
raise their own understanding of younger professionals. Sladek recommends
having 30 conversations in 30 days with people under the age of 35.
"For the first time in history, every generation has something to learn,
and something to teach," Sladek said.
The NEW Multigenerational Leadership Series is
designed to help the industry's leaders and aspiring leaders, of all ages,
manage today's multigenerational workforce. The six-webinar series continues
with "Millennials: How to Engage the Next Generation Now " on July 16,
2015 at 1 pm ET. The series is free to NEW members, who may catch up on past
webinars in the NEW Study Hall.
Non-members may view webinars for $99 each.