@ Mastering the Millennial Mindset and Beyond How to Attract and - - PowerPoint PPT Presentation

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Sep 10, 2023 145 likes •443 views

@ Mastering the Millennial Mindset and Beyond How to Attract and Retain Emerging Leaders Lisa Ryan Cleveland Where are you from originally? Would you be surprised to know Social Dis istancing Who said it? (chat box guesses) The

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Mastering the Millennial Mindset and Beyond

How to Attract and Retain Emerging Leaders

@

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Lisa Ryan Cleveland

Where are you from

riginally?

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Would you be surprised to know…

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Social Dis istancing

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“The children now love

luxury. They have bad

manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise.”

Who said it? (chat box guesses) Socrates - ~ 432 BC

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Generations Defined

Traditionalists – Born before 1945
Baby Boomers – 1946 – 1964
Generation X – 1965 – 1980
Millennials – 1981 – 1995
Gen Z – 1996 to 2012

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Sign of the Times

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You may be wondering…

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44 million Boomers still working
10,000 Boomers retire every day
From 2017 - 2027, shortage of 8.2 million workers
Labor force participation 62.8% - lowest since 70’s

Key Demographic Shifts

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How does each generation differ?

Family structure and influence
Education
“Work ethic”
Preferred Leadership Style
Communication preferences
Feedback
Work/life balance (hours, place)
Technology

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Kid ids – old lder versus younger dif ifferences

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Millennials Gen Z

73 million strong
9/11 was defining moment
Grew up with dial-up internet
High student debt impacts lives
Multitasking pros
Largest generation in history
No memory of 9/11
Mobile-tech natives
Wary of debt – frugal
Multitasking aficionados

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Millennials

Purpose over paycheck
Personal development
Coaches – not bosses
No annual reviews –
ngoing
Develop strengths,

don’t fix weaknesses

Collaboration -

teamwork

Money and job security
Rewarding experience
Mentors / honest leaders
No annual assessment – feedback
Give them tools to win
Very competitive - independent

Gen Z

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Traits of Gen Z

24.3% of the US population
Never used a corded phone
Never knew life without www.
Ethnically/racially diverse
Prioritize financial security

(FIRE)

Prefer industries they interact

with

Stable employment
Individual tasks
Independence / not isolation
Work/life balance, flex hours,

perks

Inclusion / diversity
Expect personalization / custom

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Training Gen Z

Make everything

mobile

Include searchable

video

Incorporate

experiential learning

Encourage informal

social learning

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“Gift” of COVID?

What are you doing now in your workplace that you may not be doing it it wasn’t for COVID? (Chat)

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Get Your Goodies Here!

Text “engage” to 66866

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Why Does Retaining Millennials / Gen Z Matter?

Largest generations to date 73+ million strong (each) – versus 75 million Baby Boomers

2. Job hopping is normal
21% changed jobs last year
3 times higher than previous
60% open to new opps
3. Turnover Is Expensive

Costs the US economy: $30.5 billion annually

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How to Attract Talent

Communicate exciting possibilities.

Share compelling career pathways
Provide attainable skills needed.

Keep expectations realistic.

Open more jobs to people with less

education.

Invest in workforce and education

programs. Be willing to pay.

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How to “fix” it

Traditionalists
Boomers
Gen X
Millennials
Gen Z

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What Can You Do?

Collaboration
Career advancement
Financial stability
Technology
Management training
Work/Life balance

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Questions and A-ha’s

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One Thin ing You Are Goin ing to Do

Commit via Chat

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Get Your Goodies Here!

Text “engage” to 66866

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THANK YOU

Website: LisaRyanSpeaks.com Phone: 216-359-1134 Email: Lisa@Grategy.com

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