beya 2017 seminar mitre panel final with pr
TRANSCRIPT
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IMPACTS OF GENERATIONAL
SHIFTS IN THE WORKFORCE
Presenters:
DeAnthony Heart
Cozy Bailey
Tamal Burise
Chasidy Perrin
“The authors’ affiliation with The MITRE Corporation is provided for identification purposes only,
and is not intended to convey or imply MITRE’s concurrence with, or support for, the positions,
opinions or viewpoints expressed by the authors.”
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Video Showing Challenges of
Millennials
Simon Sinek on Millennials in the Workplace
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Overview of Generations
Source: Generational Marketing, December, 11 2014
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Why Should We Care?
Source: HubPages - Motivating, Managing, Retaining Generation X and Gen Y, Z Employees: Updated on November 14, 2016
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Generation Workforce Perception
XYZ: How Generation Affects Employee Engagement – Amanda Shore, September 14, 2015, Herd Wisdom
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Attitudes Towards Technology Use
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Attitude Towards Social Media
Photo Credit: Entrepreneur.com, 2015
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Attitude Towards Career
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Millennial Attitudes Towards Career
Reference: The 2016 Deloitte Millennial Survey
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Millennial Engagement
Reference: Gallup, How Millennials Want to Work and Live (2016)
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Millennial Engagement
• Encourage mentorship
• Have purpose beyond profit
• Provide developmental opportunities
• Foster open communication
• Build an inclusive work culture
• Create the “perfect” job, environment
Reference: The 2016 Deloitte Millennial Survey
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The “Perfect” Millennial Job
Reference: The 2016 Deloitte Millennial Survey
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Dilemmas Faced by Future
Generations
• Readiness – there are gaps in terms of
capabilities of younger employees and their
readiness to enter the workforce
– Of 16.5 million students in grade 9 to 12, 33%
estimated to graduate, and 2.3% expected to
go into accounting and business consulting
• Experienced Talent
– Every year for the next 30 years, there will be
fewer young people to replace retiring workers
Reference Deloitte LLC report, Decoding Generational Differences, 2008
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Dilemmas Faced by Future
Generations
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Generational Divides Between
Millennials and Other Generations
Technology
• Unprecedented and embedded use of technology in day-to-day life (Digital Natives vs. Digital Immigrants)
• “New technology is not just a toy, but the basis of how we live”
Attitude Towards Business
• Skeptical towards corporations
• “Organizations are not human too”
Consumer Attitude Mindset
• Place a value on convenience and expect high standard of service
• “Microwavable solutions”
Reference: from Deloitte LLC report, Decoding Generational Differences, 2008
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The Good News…
Millennial perspectives of government
is better than other generations
– 62% of millennials believe a strong Federal
government is necessary to solve problems
(compared to 46% of non-millennials)
– 44% of millennials voice confidence in the
ability of Federal government to solve
problems (14 points higher than older
generations)
Taken from Center for American Progress report, Doing What Works, July 2010
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Relevant “Facts”…
• The Millennial generation is better educated and more diverse
than any other generation in U.S. history. ($1 trillion in student
debt – Bloomberg)
• Millennials place high value on “work-life balance”.
• The top ideal employers of currently employed Millennials are
Google, Apple, Facebook, the U.S. State Department, and
Disney. Five of the top 15 most ideal employers are government
agencies (State Dept., FBI, CIA, NASA, and Peace Corps).
• Members of Gen Y are believed to be the most tech-savvy (78%
of respondents agree) who know how to use social media to
leverage opportunities (70% of respondents agree).
• 35 % of employed Millennials have started their own business
on the side to supplement income
Taken from Center for American Progress report, Doing What Works, July 2010
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Game Time
Rules
– We pose a question, if you believe the answer to the question is yes you move to the right side (our left) and vice versa
– We will ask a few people to shed light on to why they believe the answer to the question is either yes or no
Let’s Begin!
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Question 1
Do you believe technology makes
life more complex?
NO YES
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Question 2
Are there differences in how each
generation perceives compensation?
NO YES
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Question 3
Should organizations have training for employees to generate a common
understanding of the varying generations in the workforce?
NO YES
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Q/A Session
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