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Motivating Millennials

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by

Rosie Braude

on 13 March 2014

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Transcript of Motivating Millennials

Millennials
79 million millennials in the U.S., versus the 48 million Generation Xers (ComScore)
Millennials will make up 50% of the workforce by 2030 (Bureau of Labor Statistics)
56 percent of millennials think technology helps people use their time more efficiently. (Pew Social Trends)
-
Digiday
, April 2013
Millennials
Most millennials have always known life with cell phones and many don’t know how to use fax machines
“This is a generation that doesn’t have an off switch” – remote connections and the internet made this possible
- Wired.com, Aug. 2013
Strengths/Weaknesses
Millennials
Pros: Tech-savvy, use social media to leverage opportunities, most enthusiastic about their jobs
Cons: Not a team player, doesn't work hard, not a productive part of the organization
Baby Boomers
Consumes 40 percent [in total dollars spent] of technology (Forrester Research)
- Forbes, Jan. 2013
Baby Boomers
77.3 million Baby Boomers in the U.S. (as of 2008)
Boomers work past retirement, only 11% plan to stop working entirely. A survey by AARP reveals most boomers plan to work "until they drop."
- CNN, Nov. 2013
Motivating Millennials
How to Have a Happy Intergenerational Workplace
Young Professionals
Seasoned Professionals
Gen X
Pros: Most effective managers, highest revenue generators, adaptable, excellent problem-solvers and collaborators
Cons: Doesn't display executive presence well and not very cost effective
Baby Boomers
Pros: Productive part of the organization, hard workers, team player, mentor
Cons: Lack adaptability and not very good at collaborating
-
Business Insider
, Sept. 2013
(study by EY)
Rosie Braude
Five years in higher education
Youngest in her office by 20 years
Anthony Stipa
2.5 years in higher education, one year at a PR agency
Office run by millennials
Gabe Welsch
18 years in higher education
Works with professionals 15+ years older and 20+ years younger
Tom Durso
20+ years in higher education
Oldest in his office
Full transcript