Harnessing the millennials

Harnessing the Potential of the Millennials in the WorkplaceAge diversity in the workplace and what it means

By Sandra Yaworski

Generation Born During Age in 2016

Stereotypically Known for:

Baby Boomer

1945 to 1964 52 to 70 yrs

Achievement and financial orientation “self absorbed, workaholic”

Gen X 1965 to 1980 36 to 51 yrs

Autonomy, productivity, adaptability“work–life balance”

Millennials 1981 to 2000 19 to 35 yrs

Entrepreneurial, global awareness, socially connected, technologically savvy, creative, collaboration (team)“selfish, self-entitled”

The Generation Segments

31% 34% 37%22%50%20%

Demographic Shift - 2014 versus 2020

Source: Statistics Canada Labour force survey estimates (LFS), by sex and detailed age group

Baby Boomers Gen X Millennials

2014: 1st time millennials outnumbered baby boomers and Gen X in the workforce.

Needed to foster & transfer cross generational knowledge

Our next leaders as boomers retire. They have been waiting for their turn.

Expect more from their employers than previous generations – “Show me why I should work for you!”

Millennial Agenda• Collaboration / working

on teams• Entrepreneurial mind /

ambitious• Values based• Technologically savvy• Creative / Innovative

Millennial Advantage

• Social & Environmental conscious employers

• Meaningful work• Personal growth /

Mentorship• Technology to be

present• Work anytime /

anywhere

Strategies to attract Millennials• Non-standard work hours• Remote work• Any device

Clear career paths

Flexible work environment

• Meaningful work – tied to purpose• Ongoing Training • Mentorship

Team based work

• Allow different teaming models • Exposure to all parts of the organization• Several projects with opportunities for

leadership

Make it fun• Cool and immediate rewards for small successes• Freedom / flexibility in type of work• Activities to socialize with co-workers

R U RDY?Do you have a

transition plan?Need Help?