Managing Millennials in a Multi-Generational Workplace

The 80 million-strong ‘Y’ Generation has created quite the buzz. By 2025, Gen Y (born 1978 - 1994) will comprise nearly 75 percent of the world’s workforce. From their comfort with technology, to their multicultural perspectives, to their insatiable desire for making a difference, Gen Y is expected to revolutionize the workplace and the workforce. As this new group of employees joins the multi-generational workforce, a transformation will be inevitable.

Understanding and addressing the needs of Generation Y is and will be critical if employers want to maintain a competitive edge. How is Gen Y different? How does their outlook match the current workplace? How is it different? What are the issues managing a multi-generational workforce? What are the similarities of each generation? What sets each apart from the other? What are their motivators?

All these questions and more will be addressed in the presentation, Managing Millennials. We will use the backdrop of various motivational theories to understand what drives us all, including Millennials, and how those pose challenges for employers to find ways to drive behaviors and align those behaviors with organizational goals to deliver results.

No one motivates another person. Motivation refers to an internally generated drive to achieve a goal. Those who have it succeed and those that don’t: don’t! But we can direct behaviors
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There has been a shift from material rewards-only programs to systems that pay more attention to enrichment of the work experience. Rewards and recognition still have a place but they must be balanced with the intangibles. We will look at generational expectations and how to use them to create a motivational environment based in intrinsic needs while using extrinsic triggers.

Any Human Resource Professional or anyone who coaches and mentors people.

Key Points  Unique perspectives Gen Y brings to the workplace  3 Factors that are common to us all  Understanding the balance of managing 4 generations  Principles of increasing intrinsic motivation  Keys to creating a motivational environment

Peak Performance by Joe Cronin CEO and Founder of Incentive Services http://www.isu.incentiveservices.com/peak-performance-book.html Blessing White Employee Engagement Report 2011 http://www.blessingwhite.com/eee__report.asp Incentive Research Foundation, Motivating Today’s Workforce IRF_Motivating Today's Workforce Spherion Staffing Emerging Workforce Study http://www.spherion.com/EW_Study/overview.html Millennials Rising: The Next Great Generation by Neil Howe and William Strauss http://books.google.com/books/about/Millennials_Rising.html?id=To_Eu9HCNqIC The Enthusiastic Employee by David Sirota The Enthusiastic Employee summary online.pdf Aberdeen Group 2011 The Engagement / Performance Equation The Engagement Performance Equation Corporate Executive Board: Benchmarking Rewards and Recognition Programs Google Docs Benchmarking Rewards and Recognition Site Foundation: Benefits of Tangible Non-Monetary Incentives Google Docs Benefits of Tangible Incentives

		Carl Bonura Motivo Performance Group View Profile