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    - Ms. DEEPA MOHAMED
2
                            Getting In – sync with Gen – Y
                            “UNDERSTANDING”

                                                                               P
                            Humanizing Technology in Talent                    R
  OBJECTIVE                 Acquisition “ACQUIRE”                              O
                                                                               C
 A comprehensive                                                               E
understanding and           Workplace Enablers for Gen – Y                     S
                            “MAKING WORK-PLACE READY”                          S
  practical insight
about Gen – Y and
how to Manage Gen
                            Managing Gen Y “Retaining &
 – Y at workplace..         Empowering”



                      Sessions will be based on…….
                      - Various research & report statistics
                      - Personal experiences
                      - Sample Survey done within organization & department.
                      - Open forum – Participants Input
Characteristics


                                           Communication
                                              Styles


                                           Social Attributes




    We will be able to reap the benefits of their tremendously confident
    generation & will be able to produce financial & business miracles in
                           terms of synchronizing
TRADITIONALIST • Direction & Guidance

                   • Enthusiasm & Experience
BABY BOOMERS

                   • Open approach to Learning
     GEN X

                   • Contagious Motivation &
     GEN Y           Confident

                                       3
Generation    Common Characteristics
                        Optimistic;
                        Confident;
   Gen Y           Comfortably self-reliant;
                      Success Driven

                        Self-Reliant;
   Gen X              Diversity-Minded;
                      Focused on today

                         Optimistic;
Baby Boomers       Driven to achieve goals;

               4
Think of an example a ‘Personality’ from a Traditionalist
  generation that has been able to influence the millions of
                 Gen Yers recently in 2011.




Because he ignited following in Gen Y
• Trust in Them
• They felt the same cause & share the
  vision
• They could accept that
  ‘Traditionalist’ as a trusted Mentor



                                     5
The worldwide survey includes special samples from:
    US:   1,217   India:   897 China: 660 UK: 607 Germany: 256
                                        And from various key
5,375 respondents                       industry sectors
including:                              690 Engineering 625 Media
3,011(18 - 25-year-olds)                736 Marketing, Finance &
1,298 (26 - 35-year-olds)               Communication
396 (36 - 45-year-olds)                 491 Information Art
                                        551 Design




                                    6
Green Money Service
                                                     wants to implement
                                                     CRM to encourage
Rohan,      26     newly                             cross-selling
married, having 5 yrs                                throughout the org.
work exp in SAP was                                  80% workforce sales.
hired by a TOP-NOTCH                                 Avg age of emp - 26
MNC. Soon after joining                              Several Barriers stand
he was asked to relocate                             in way, slow to change,
to a FIELD Location        Mr.      Soham,      40   low acceptance from
                                                     heads, leaders lack
within 3 months. The       working       in     an
                                                     exp. In technology.
same came as a surprise    American MNC was          Leaders are old-timers
to him as he was not       deputed to South East     with org from 15 - 20
communicated               Asia for next 2 years.    yrs, few are less that
regarding this at the      No family transfers       2.5 yrs, some even 6
time of Interview.         No Schooling Grant        months
                           No Promotion Posting
What    Would      be                                It is frustrating……
Rohan`s Reaction?????      What    would      be
                           Soham`s reaction????



                                    7
No definitive agreement on birth years;, our reference band is between 1981 and 2000 – gen Y.
   Global WorkPlace Innovation - Oxygenz report 2010.

                                                                                                                      Famous
  Generation                        Major Events                             General Characteristics                 Personality
                   9-11; Iraq War; Enron; Emerging countries & global Techno savvy & connected 24/7;
                   Economy;; No life without computers                                                                Sania Mirza
                                                                      Optimistic; Confident; Comfortably self-
     Gen Y         INDIA    – Eco. Transformation, SEZ`s, Asian       reliant; Entrepreneurial; Success Driven;
                                                                                                                    Saina Nainawal
                                                                                                                  Mark Elliot Zuckerberg
                   Games, Financial Reforms                           Inclusive; Environmentally minded
                   Collapse of the Soviet Union; Corporate
                   downsizing; Punk rock; Space shuttle Challenger
                   tragedy; Grew up with video games, MTV, and                                                        Barkha Dutt
                   computers in school                                Skeptical; Pragmatic; Adaptable; Self-        Sachin Tendulkar
     Gen X         Post-WWII Prosperity; Vietnam War and social       Reliant; Informal; Technoliterate;            Shah Rukh Khan
                   protest.                                           Diversity-Minded; Focused on today <<          Sabeer Bhatia
                   INDIA – Green Rev. Expansion of telecomm
                   industry, S/w industry.
              The Beatles; The Cold War; The Civil Rights                                                     Kiran Bedi
              Movement; Watergate; Women’s Liberation         Competitive; Optimistic; Driven to           Mukesh Ambani
Baby Boomers INDIA – Polt. Integration, States Reorganization achieve goals; Focused on their children; Kiran Majumdar Shaw
                                                              Judgmental of differing opinions; Political    Indra Nooyi
              Act, Automobile Factory Committee                                                            Chanda Kochhar
              Korean War; Beginning of Cold War; Creation of
              the H-bomb; Jazz; Abstract expressionist art;   Non-conformist; Bohemian; Cool;                Anna Hazare
     The      Castro’s Cuban Revolution                       Questioning authority; Apolitical; Anti-       Azim premji
                                                              intellectual.                                Narayana Murthy
Beat/builders INDIA – Dandi March, Satyagrah
                                                                     Disillusioned; Reactive; Cynical about
   The Lost        World War I; Isolationism; Immigration; Invention
                                                                     institutions; Realistic; Pragmatic; Risk-
                   of the airplane and automobile;
  Generation                                                         taker; Critic
                                                                  8
9
10

                                                                 % of
         Generations                     World Population     population

Gen Y -15-29 years old              1,723,911,077.00            25.47
    Gen x - 30-44 year old                1,442,951,791.00       21.32

Baby Boomers - 5 - 64 years old           1,233,836,150.00       18.56

Traditionalists - 65-74 years old         316,330,067.00          4.67




 With nearly half of India's billion-plus people under the age of 25.
11

 Not enough of them (US, UK, Australia and Europe)
 India Problem of plenty (Not employment ready)
 Baby Boomers retiring, taking the experience with them

 Furious digital innovators
 Gen y Skills crucial for globally networked and knowledge economies to move up
value chain
12
13

Time for a
  group
Exercise…..

  Lets Find out
       the
“ASPIRATIONS
      ” and
 “CHARACTERSTICS”
of Generations
14
General Characteristics                        Millennial at work
   Tech-savvy                                  Work well with friends and on teams
   Connected…24/7                              Collaborative, resourceful,
   Self-confident                              Innovative thinkers
   Optimistic                                  Love a challenge
   Independent                                 Seek to make a difference
   Comfortably self-reliant                    Want to produce something worthwhile
   Determined                                  Desire to be a hero
   Goal oriented                               Impatient
   Success driven                              Comfortable with speed and change
   Lifestyle centered                          Thrive on flexibility and space to
   Inclusive                                    explore
   Global, civic- and community-minded         Partner well with mentors
   Service oriented                            Value guidance
   Entrepreneurial                             Expect respect
15




             • Decision based on the influence of their own peers.
  PEERS      • Live in a culture encouraging them to embrace
               community values
             • Reach consensus


             • LESS IDEALISTIC - Media & pop culture influence
PRAGMATISM   • Worried about unemployment rates and inflation , crime
               rates & body image.
             • Increasingly short term focus.


             • Concept of absolute TRUTH no longer valid, more relative
               as per circumstances.
PREFERENCE   • Technology is often not trusted let alone held up as the
               answer.
16




         •   Optimism                          • Collective action
Values




                                  Work Ethic
         •   Civic Duty                        • Tenacity
         •   Confidence                        • Heroic spirit
         •   Achievement                       • Multi-tasking
         •   Sociability                       • Technological savvy
         •   Morality                          • Have difficulty dealing with
         •   Street smarts                       difficult people issues
         •   Diversity                         • Multiple Careers and
                                                 Flexibility Required
                                               • Give me feedback all day
                                                 long…I have to have it!
17
They function well
They love a                   as team members
challenge




                              They want to be
They want it   They want      surrounded by
– right now    to be heroes   bright, creative
                                  people



                      18
 Rigidity

 Fear of technology

 Phony personalities

 Being told to “pay your dues
 The 60 hour work week
 A dry, boring environment
 Slow response time
 Being “stuck” in a dead end job
 Homogenous workforces
 Nonchalant attitudes about the environment
 Working first, living second

                                     19
Global terrorism
Concerns about the environment
Poverty
World hunger
Global financial concerns
A highly competitive workforce
Chaos in the business world




                             20
21
Category        What to Do                                           Why
                Provide fexible work schedules and a relaxed
                workplace.
Work
                Create opportunities for social interaction like     Millennials put friends and lifestyle above work.
Environment
                Friday afternoon alcohol-free ‘happy hours,’         They are getting married and having children
                scavenger hunts, and Nerf battles.                   later.
Learning &
Training                                                             Boomer parents raised them to believe that
Opportunities   Provide reimbursement and employee training.         education is the road to success
                Emphasize the ways that your company                 Almost 70 percent say that giving back and being
Recruiting
                contributes to society                               civically engaged are their highest priorities.

                Give them exposure to different parts of the
On Boarding     business; and help them build relationships          Millennials want and need
                with current employees                               connections, checkpoints and mentoring
                Millennials ask ‘what is my job’
                and go about figuring out the best, fastest way to   “When Baby Boomers were younger, they had
Work Ethic
                complete that task.                                  a piano teacher who expected them to practice
                Then they consider themselves done.                  piano and work hard at it.
                                                                     They view jobs as ‘something to do between
Motivation
                Provide paid time-off as a reward                    weekends.
                                                                     Loyalty to the boss is the number one reason
                                                                     they stay in a job, especially during the first three
Boss                                                                 years. Dissatisfaction with the boss is the
Relationships   Win their affection.                                 number one reason they quit. Millennials want a
                Be careful not to cross the line                     tight bond with a boss who is close, caring and
                from “boss as advocate” to boss as friend.           aware

                                                      22
Category           What to Do                                           Why

Managing           Describe the result you’re looking for and let       Millennials grew up learning how to figure things
                   them figure out how to get there. To bring out the   out on their own. With the Internet and a network
                   best in them, teach them about the company and       of friends a text message away they will find their
                   explain how their work will lead to specific         own answers. They are impatient but always
                   results. Hold them accountable for mistakes and      eager to learn and quick to d
                   praise them for Success.                             Millennials think of themselves as a commodity
                                                                        that they can sell to the highest biddero so
Work Assignments   Give them several projects.                          They are great multi-taskers with 10 times the
                   Put them in the field with clients where they can    speed and technical knowledge of their older
                   work in teams and solve problems                     siblings. Though they are independent thinkers,
                   collaboratively.                                     Millennials love working in teams. They question
                   Let them work on projects with higher-ups when       the status quo and expect to make an impact
                   appropriate                                          one Day
Reducing           Create career paths with a                           They set short-term goals and
Turnover           timeframe short enough for them to envision.         want to make an impact from day one
                   Reward small success along the way




                                                         23
In India, with opportunities a plenty in the 24
                                               current economy, JOB-HOPPING is a major
                 constraint, something not seen in their parents’ generation.

        With nearly half of India's billion-plus people under the age of 25

 High Aspiration
 Accelerated career growth
 Socially responsible workplace
 Flexible work environment
 Freedom & collaboration
 Innovation
 Entrepreneur & Business savvy
 Optimistic, Embracing change
 Clear sense of where they are headed
 Highly competitive
 Gen-Y in India value WORK LIFE BALANCE more than any other generation
      Level of engagement comparable to other generations “EXCEPTION”

        Willing to work in shifts , but NO NO TO LONG HOURS…………
Veterans           Baby Boomers             Generation X              Generation Y
                             (1922–1945)            (1946–1964)             (1965–1980)               (1981–2000)

Work Ethic /          Hard work               Workaholics             Eliminate the task        What’s next
                      Respect authority       Work efficiently        Self-reliance             Multitasking
Values:               Sacrifice               Crusading causes        Want structure and        Tenacity
                      Duty before fun         Personal fulfillment    direction                 Entrepreneurial
                      Adhere to rules         Desire quality          Skeptical                 Tolerant
                                              Question authority                                Goal oriented

Work is…:             An obligation           An exciting adventure   A difficult challenge     A means to an end
                                                                      A contract                Fulfillment

Leadership Style:     Directive               Consensual              Everyone is the same      The young leaders
                      Command-and-control     Collegial               Challenge others          Century
                                                                      Ask why

Interactive Style:    Individual              Team player             Entrepreneur              Participative
                                              Loves meetings

Communications:       Formal                  In person               Direct                    Email
                      Written                                         Immediate                 Voice mail

Feedback &            No news is good news    Don’t appreciate it     Sorry to interrupt, but   Whenever I want it, at
                      Satisfaction in a job   Money                   how am I doing?           the push of a button
Rewards:              well done               Title recognition       Freedom = best reward     Meaningful work

Messages that         Your experience is      You are valued          Do it your way            Working with other
                      respected               You are needed          Forget the rules          bright, creative people
motivate:

Work & Family Life:   Work                    No balance              Balance                   Balance
                                              Work to live
                                                          25
26
Likes mentors                                     Global


Instant information                    Demands instant gratification



Empowered                                              Expecting NOW!
                                                    Not 5 minutes from now)


Wired
                                 Multi-tasking
                                                           Quickly bored
 Attracted to Large Social Movements
                                        Interdependent
             Mobile
    Impatient if delayed… But highly adaptable.
                                       27
28
29
Develop a RECRUITMENT STRATEGY based on:-
• Understanding workforce demographics
• Identifying economic issues impacting organizational sustainability.
• Identifying organizational & cultural issues impacting talent acquisition.
• Knowledge of industry trends and emerging issues.




                                              30
The worldwide survey includes special samples from:
    US:   1,217   India:   897 China: 660 UK: 607 Germany: 256
                                        And from various key
5,375 respondents                       industry sectors
including:                              690 Engineering 625 Media
3,011(18 - 25-year-olds)                736 Marketing, Finance &
1,298 (26 - 35-year-olds)               Communication
396 (36 - 45-year-olds)                 491 Information Art
                                        551 Design




                                   31
 Real Estate – Urban

Workplace – travel, public, transport

 Channels Of Recruitment

 Total Rewards (compensation)
 HR & Org Policies (New Ways of Working / (Roles &
Responsibilities)

 Facilities Management – Work space & environment

 Information Technology

 Management (Corporate Values & Work Environment

 Training & On-boarding

 Organizational Communication

Reward & Recognition

                                                32
WORKPLACE                                 TOTAL
REAL ESTATE                             CHANNELS OF      REWARDS
                 Access, travel,        RECRUITMENT   (COMPENSATION
Urban or rural
                   location,                             & OTHERS)




                                   33
34



•More than 70% prefer an urban to slightly    TRAVEL - 7% would prefer to walk to work. Car is
urban location                                still a favorite and on average 40% would prefer to
                                              travel to work by car UK – nation of Walkers
• India has the most Generation Y             US and India lead the un-environmentally
                                              friendly league for using cars. Prefer Public
demanding an urban setting
                                              transport.

• The UK has the highest proportion of        ACCESS - China: Demand for rural settings
Generation Y preferring a rural setting       UK: Back to the City and urban settings
                                              India: Must be urban to attract the younger
                                              generations

                                                  India has the most demanding workforce……
35


• 58% of all the respondents (against 56% for the
Generation Y) prefer to have a certain degree of
flexibility                                               Equally 29% of the Generation
• Women prefer more flexibility than men                   Y would like to have a gym on
• The UK and the US Generation Y prefer to
work the most flexibly while China and                     site and as well as communal
India expect to work flexibly                              facilities
36
37


  Identify Demographic                                         Where Networks Lack
                                 Find New Networks
      Dimensions                                              Diversity – Build Pipeline
                                                              • Job Rotation
• Gender                     • Explore formal, semi-formal,   • Internal Promotions &
• Age                          informal networks per region     Transfers
• Rural or Urban                                              • Reference
                             • Build relationships and gain   • RTD/SKILLING
                               credibility in each network




      To attract a diverse talent pool, company can focus on 3 types of networks
   FORMAL                     University, professional program, Consultants, Executive
                              search, Professional job sites
   SEMI FORMAL                Skilling companies
   INFORMAL Networks          Social Media, networking events, HR communities
38




                                Base pay
Transactional                                                  Total
                         Total Cash Component
   rewards                                                  remuneration
                           Employee benefits

                       Learning and development                             Total reward


 Relational               The work experience               Non-financial
  rewards                                                     rewards
                   Recognition, achievement, growth
                Security, stable consistent positions and
                                  rewards
TRANSACTIONAL COMPONENTS

 “Poor or good Pay            Meritocracy
     Master’                  Organisation
• ‘Leading or lagging’ as   • Performance Based
 per Industry Standards      variable structure to
            -
                        &      ‘differentiate high
                                   performers’




                  Since ‘Total Rewards

                                                     39
One size won’t fit all. Develop a
Change communication strategies    different recruitment strategy for
     – (SOCIAL MEDIA)              each generation
                                       - SKILLING & RTD




 Sell Opportunities not Careers
                                    Retention strategies need to be
  (TOTAL REWARDS & EVP)           different for each generation in the
                                       workforce – SESSION - 4




                                                                    40
41
42

          Demand (in millions) for Skilled                                 Training Capacity Vs. Skill
               Workers by 2015                                                      Demand
16
14                                                         Current Training Capacity
12                                                                                     3 Million
10
 8
 6                                                     Skilled Workers Demand 2015
                                                                                               83 Million
 4
 2
 0
          Auto   Construction   Retail   Banking &     Skilled Workers Demand 2022
                                                                                                            500 Million
                                          Finance




     64.8% OF India’s population would be in the working age of 15-64 years in 2026 (an increase from
        62.9% in 2006). Taking into consideration the world population and how it ages, India has the
        advantage of the demographic dividend. This demographic advantage coupled with the global skilled
        labour shortage – means that India could be supplying skills to the world.
43
REVERSE ENGINEERING
    Might appear as “Costing” but in actual terms is “investment in Future Talent Pool”.

  Indian Economy                  2022                          BFSI Scenario              Estimated growth
  Growth                          Requirement:                                             in Insurance
                                                                                           sector of

       •Rate of 7.4% in                •240 million                 •Approx. 24 GI              •15-20% of
        2009-10                         skilled                      Companies & 23 LI           growth
       •Service sector                  workforce                    Companies                   prospects
        contributes -                  •BFSI alone
        8.3% to GDP                     require – 4.2 m




 BACKWARD INTEGRATION IN PEOPLE SUPPLY CHAIN
 Talent Development at Pre-joining stage


                                                               Quality Certification
    Sharing our                                                                            Skilled Workforce i.e.
                                  Implemented by                (as per Industry
  requirements in                                                                                 TALENT
                                    Institution                 requirement and
terms of curriculum                                                                            ACQUISITION
                                                                   standards)
44
  COMMUNICATION
        MEDIA
                                                  ENGAGE ALL
   Use methods that are          BRAND         Gen Y’ers listen to their
accessible and affordable
                                                families and friends
to potential candidates in
       that region
   Industry – are you          Company –
     technologically
        equipped             what`s the name
                                                FAMILIES+FRIE
                                                    NDS
    Email ,text,
  phone, Linkedin,              High EVP
       blog

                              Manage All
  Social networking
         tools                  Brand
                              Dimensions        Leverage Current
                                                 Employees for
  Modernize Follow            Professionally       New Talent
        Up
  Communication               managed org
Organisational Culture    Organisational Vision      Work Environment




                                            Learning &
             Organisation’s Hygiene
                                           Development
                    Factors
                                           Opportunities




                                                                        45
Rohan, 26 newly married,
                                      Tailor your recruitment messages to
having 5 yrs work exp in SAP           the generation, but always tell the
was hired by a TOP-NOTCH                              truth
MNC. Soon after joining he was
asked to relocate to a FIELD
Location within 3 months.
                                       Build personalization, choice, and
The same came as a surprise to           control into all aspects of our
him     as     he    was  not                      recruitment
communicated regarding this at
the time of Interview.
What    Would     be   Rohan          Sell Opportunities and not a Career
Reaction?????




                                 46
ENGAGING GEN Y
      47
Impatient Gen Y with their great & sometimes unrealistic
     expectations is clashing with the older “pay your dues” Gen X
                              -Ron Alsop

                                           48

Remember…So these young employees have radically different expectations about
 •   Real Estate
 •   Workplace
 •   Channels of Recruitment
 •   Total Rewards (Compensation)
 •   Facilities Management
 •   HR & Org Policies (New Ways of Working / Roles & Responsibilities)
 •   Information Technology
 •   Management (Corporate Values & Work Environment)
 •   Training / On-boarding/ Induction
 •   Organizational Communication
 •   Reward & Recognition
MISMATCH BETWEEN DIFFERENCE IN EXPECTAIONS MAY LEAD TO
      MISUNDERSTANDING & CONFLICT WITHIN ORGANIZATION

                                             49
    But they should not be considered as
  “Complainers”. Millennials’ tend to set high
     expectations for themselves and their
         Managers, if guided properly
           “They can be Rockets”



• Have Patience
• Understanding of Gen Y’s Motivators & Stressors
•Constant Feedback
•Coaching – not Managing
•Multi task & Steep learning curve (they get bored easily)
HOW ARE YOU GOING TO KEEP MR. Y/MS. Y ENGAGED??
         E-Commerce/ Digital                Information
INDUSTRY                                                               Retail Sales          Oil & Gas Industry
                 Media                       Technology
 Nature    Entrepreneur Based                    MNC                  Promoter Based            Indian MNC/ JV
Turnover    150 - 200 crores               700 - 800 crores           300 - 400 crores            >1000 crores
                                      1. Process driven,                                    1. Dynamic & High
         1. Social Networking,                                   1. Adhoc decision making,
                                      2. Profit oriented,                                   Performance
         2. Brand Visibility                                     2. Change management is
                                      3. Knowledge sharing,                                 2. Great emphasis on
         through intelligent                                     slow,
  Key                                 4. Technology transfer,                               R&D
         business alliances,                                     3. Traditional approach,
Characte                              5. Decentralized                                      3. Work life balance,
         3. High risk appetite,                                  4. People Driven
 ristics                              decision making on the                                4. High technological
         4. Strong corporate                                     organizations,
                                      basis of profit centers,                              expertise
         values,                                                 5. Low risk appetite
                                      6. Stringent Quality                                  5. High Performance
         5. Flexible approach                                    6. Low infrastructure cost
                                      norms                                                 6. Remote location

                                        DEFINING PARAMETERS
             Facilities Management                            Information Technology
             HR & Org Policies (New ways of working/ Roles    Training/ On-boarding / Induction
             & Responsibilities)

             Organizational Communication                     Rewards & Recognition
                                                         50
Getting social with Talent is the Mantra of the day for this largely internally driven & self
    motivated generation. They need enablers in terms of freedom of Expressions &
  spontaneity in their operations. Key drivers would be having Technology ecosystems
similar to what they access in their personal lives, Clear Expectations in terms of Roles &
                      Job clarity, Flexibility, Respect & Recognition.




                   MANAGEMEN                                HR & ORG
TRAININGS/              T              FACILITIES            POLICIES             R&R
INDUCTION/                            MANAGEMEN
    ON-             (Corporate             T                (New ways of        (Reward &
 BOARDING           Values & Work      (Support Systems)
                                                           working/ Roles &    Recognition)
                    Environment)                           Responsibilities)
TRAINING /INDUCTION/
        ONBOARDING
              52


FIRST STEP FOR A LONG CAREER…
TRAINING & ONBOARDING
     TRAINING INITIATIVES

     •   E-learning
     •   Academic Training
     •   Face to face training
     •   Mentoring/ Coaching
     •   Train Leaders/Managers


     INDUCTION

     • Induction considered more important than earning more money or fast
       promotion - Up to 80% of Gen Y

     EMPHASIZE COMMUNITY:

     •   New hires meet
     •   Opportunity to bond,
     •   Sharing Experiences and Learning
     •   Buddy System

     UN-CONVENTIONAL TEAMS

     • Teams can be formed to encourage the Employees to mentor and think out of the
       box to tackle difficult issues as well as venture into new projects. E.g. Project 42

Gen Y learn best when it is fun or through mentoring or coaching.
• Negative comments for –’Online Training’ - 55% of new joinees
•Some of the negative comments received - “poorly written,” “irrelevant,” “long winded and took up large amounts
of personal time.”
                                                           53
CORPORATE VALUES & WORK
      ENVIRONMENT
                54


WHAT THE ORGANIZATION STANDS FOR…
Organizational Values

• Clearly communicated Values
• Highly aware of personal values and drivers (corporate
  citizenship) Corporate values & personal goals must align
• CSR Activities

Mind set of Older Gen vs. Gen Yers

• Challenge is to manage “Attitude”. Older Gen might see IM,
  Blogging, Text messaging, social networking etc. as waste of
  time and a distraction of work, but these act as basic
  motivators for the Gen Y

Setting off new wave of Social & Business
Transformation:
• Wherever they are in the world and no matter how large or
  small their numbers, the signs are that they are setting off a
  new wave of social and business transformation that will
  equal or surpass what the Baby Boomers achieved
                             55
REWARD & RECOGNITION
           56


Appreciating the efforts…
STAR PERFORMERS

• Regular Monthly/ Quarterly awards for
  Performance
• Recognition on Company-wide forum etc

EXTRA CURRICULAR ACTIVITIES

• Activities to promote other talent of the Emp
• Support local communities

TAB SESSIONS

• Small breaks from work . E.g. Quizs, one floor
  activities
• Picnics, Out-door trainings
                        57
FACILITIES MANAGEMENT - Support Systems
                            58


The “Hygiene factors” for making a successful Organization…
FACILITIES MANAGEMENT


                                     Social Spaces:
For the Generation Y, the workplace is a social construction and work is social:
Going to work is about meeting people and socializing within the working community
The Generation Y is a sporty and social generation: there is a high demand for sport and
social facilities on site.

     Style matters and should be
         modern rather than
            contemporary

     Women are more attracted to
      modern interior than Men

     Men are more attracted to
  minimalist interiors than Women

      Art should be present in the
     office, but not too much of it!

                                            59
FACILITIES MANAGEMENT


  They need to identify to, &
feel they own their workspace
The large majority still want
  to have their own desk
 Less than a 1/5th are happy
       to share a desk
                                          Industry sector show major differences in their
Men are more comfortable in               ways of working & cultural differences at work.
 wider space than women                   •Engineering industry - focused on team based
                                          activities
 Gen Y moto is “GO Green”                 •Media industry - prefer access to a large
                                          amount of breakout spaces
                                          •Finance sector - formal meeting spaces


   Technology
       Mobile technology is a priority
       Mobile and portable technologies should be provided as a priority; laptop rather
       than PC desktops, Blackberry rather than mobile phones
       Limit the provision of printers on desks and promote clean desk policies
                                             60
FACILITIES MANAGEMENT


 CATERING & SOCIAL FACILITIES                                          Preferences:
 • Roughly 30% of our time working/preparing for work /thinking           • coffee shops (22%),
   about work,                                                            • snack facilities (18%)
 • 5% spend - eating and drinking                                         • kitchen facilities (18%).
 • Only 2% - choosing not to have !!!                                     • Vending machines (13%)
                                                                          • restaurant (14%)
                                                                          • Refectory (14%)


 RECEPTION AND SECURITY                                         SUPPORT SERVICES
 • 79% - prefers at least a 5 Star service                      • India is the most demanding country
   in the workplace (reception services                         • The 18 to 25 yrs old are the most
                                                                  demanding age group
   & security guard)                                            • The Finance Industry and Media,
 • 37% -concierge type of service (54%                            Communication & Marketing Industry are
   in India).                                                     the most demanding industry sectors
                                                                • Male employees are more demanding than
                                                                  female employees
Recommendations
• Access to social space
• high standards of on site support & facilities management services
• Access to social space and venues on-site
• Sport facilities on site or close by
• Shops and local amenities is preferable on site or within close proximity
• Corporate Tie-Ups - Various Fitness Centers, Eating Joints, Health care facilities
                                                     61
FACILITIES MANAGEMENT




                         Very high                     Importance
                        Expectations
Mobile phone                53.1%           56.7% gave it: very high importance
Laptop                      52.8%           49% gave it: very high importance
Organizer /Blackberry       46.0%           52.5% gave it: very high importance
Printer                     38.5%           44.9% gave it: very high importance




Recommendations
•Mobile technology is a priority
•Mobile and portable technologies should be provided as a priority; laptop
rather than PC desktops, Blackberry rather than mobile phones
•Limit the provision of printers on desks and promote clean desk policies
                                       62
HR & ORGANIZATIONAL POLICIES
                     63

New ways of Working/ Roles & Responsibilities
HR & ORGANIZATIONAL POLICIES


                New Ways of Working:
• 56% prefer to work flexibly and chose when to work
Young Women (18-25 years old) prefer more
  flexibility than men
The UK and the US Generation Y prefer to work far
  more flexibly, while China and India expect to
  work flexibly
Public recognition: for a job well done is more
  effective than a pay raise and no recognition
79% prefer to be mobile rather than static workers
Prefer to ‘Work from home’
Want to be part of a team – but virtual team
Multiple work assignments – can multi-task like no
  generation before them
                            64
HR & ORGANIZATIONAL POLICIES




THE JOB MUST OFFER:
1: Opportunities for Learning
2: Quality of Life
3: Work Colleagues




  INDIAN CONTEXT
  •Highly competitive, more than ever before …
  • seeking higher education
  •Job Hoppers – if no challenging work
                                65
HR & ORGANIZATIONAL POLICIES



They do not take well to orders and resent being handed
busywork with no explanation as to its purpose.



Gen Y prefers ‘Self-role’ definition in the context of a work career.


Creativity & productivity
   Technology + Ambiance & Atmosphere + People around =
                 Creativity and Productivity




                                 66
You Must                                 Do Not

•   Assign Mentors                      •   Micromanage

•   Communicate                         •   Isolate with similar age groups

•   Offer different modes of learning       (provide interaction with senior
                                            members, esp. Boomers)
•   Constant Feedback

•   Job Rotations / Variety of Work
                                        •   Use the same management sytle
                                            with all generations
•   Align Organizational Goals with
    interests of employees
                                        •   Delegate without making the
                                            connection to the bigger picture
•   Ask for new ideas and listen

•   Provide infrastructure for
    collaboration

       Private & Confidential

                                                                               67
s

                                                         68
M E R R I L L LY N C H
  PROGRAMS                      Coca - cola                       Accenture                 MicroSoft
 Awareness and               Horizontal movements              Corporate values         Project 42:
   Development                 & LeadershipSummits                and personal goals        heterogeneous
   Programs like              Diversity initiatives              must align                team based on –
 GoLearn- Blackberry         Devt through                      Flexible work             Trust, openness &
  Training ,                   app. coaching                      environment               job satisfaction
 Redesigned Analyst and      Performance Reviews               Multiple work           42New- for New
  Associate Development        as Developmental Dis               assignments              joinees
  Program,                     cussions through                  Future Leave            self-role definition-
 Reverse mentoring                                               A Self-Funded            concept
                               coaching
 Parenting Pals days                                             Sabbatical              Games as ‘change
                              Identifying natural tal
 Parents Day                                                                              tools’
                               ent of Gen Y through
                                                                                          42Books
                               People Development F
                               orum
69

                          So by successfully engaging Gen Y
Good news is engaging
‘Whyers’ by rethinking
                          a smart employer is wooing all
   & recreating the       the co-workers
  workplaces will be
                          •   You cant give them moon
 appreciated not only
by Gen Yers; but by all   •   Stressor & Enabler – fine balance
  other generations.      •   Create a plan for change…
 This is because they
                              •   Prioritize short term, long term & on-going
  also seek, what all
                                  aspects
  value regardless of
          age:                •   Increased Training
                              •   Team work
                              •   Trust
       - Respect          •   Constantly evaluation -
    - Opportunity
     - Meaningful
                          •   Expect great things
       Rewards
WHAT IS THE RISK IF WE DON’T MAKE THE
NECESSARY CHANGES TO ENGAGE GEN Y
                 70




       MAKING WORK PLACE READY
FOOD FOR THOUGHT


• Western Europe – they are scarce
• In India : more than half of the population -
  unemployable
• Disengagement will lead to - loss of highly
  innovative & productive work-work




                      71
MANAGING GEN Y
      72
NOW SINCE WE UNDERSTAND
         THEIR BASIC CHARACTERISTICS
   WHAT CAN BE THE BEST RETENTION STRATEGIES
                         73


• THE TRADITIONAL   TALK & CHALK
  WONT WORK
• THEY WANT FREEDOM
• WE STRESS LEARNING THEY LIKE
  EXPERIENCE
• WE REACT THEY RELATE
• WE FOCUS ON INDIVIDUAL THEY
  ARE SOCIALLY DRIVEN
Current trends indicate that the majority of twenty-something’s do job-
hoping every 18 months, a phenomenon often blamed on restlessness and
expectation to move up the ladder quickly. In a recent survey conducted ,
   over 58% of Gen Y rated flexibility as extremely important or very
  important to them. While we realize, it is not always possible to offer
             flexibility, you should attempt to where you can.

                                   74




     COMMUNICATION
            • Medium
              • Style          MANAGING
                                                    MANAGING
              • Type           WORK-LIFE
                                                   EXPECTATIONS
           • Structure          BALANCE
COMMUNICATION
                                             75


Getting in touch the Gen Y way…

                                                    Direct
                                                  • Monthly focus groups
                                                  • Quarterly sessions
                                                  • Management interaction with Emp
                                                  • Team Huddle
                                                  • Heterogeneous groups




 As per a study the Organizations where social sites such as ‘Facebook’ etc are banned,
 the propensity of Gen Y to leave the Organization is higher.
• Not only our               • Highly Techno-savvy, so
        76                  communication style be       PPT, Excels are their forte
                            credible, but we must be   • They are not impacted by
                            as well                      slick presentations
                          • They are simply seeking    • No Rehearsed talk to
                            understanding & respect      manufactured speeches
                          • No hidden agenda or
                            Translucent


                          REAL                         RAW



                          • Should capture their       • “They do not care how
                            interest                     much you know until they
                          • Style as well as content     know how much you
                            must be relevant             care!!!
                          • Visually educated &
                            entertained generation




                          RELEVANT                     RELATIONAL


COMMUNICATION REQUIRES OPENNESS, VULNERABILITY, GENUINE INTERST & UNDERSTADNING
COMMUNICATION



Organizational Communication
Structure
• Formal
• Informal

Type of Communication

• Downward
• Upward
• Horizontal



                        77
MANAGING WORK-LIFE BALANCE
                78


 Equilibrium between Work & Life…
MANAGING WORK-LIFE BALANCE
         Stressor
                                                                                                                                                        Enabler




                                            ORGANISATI
                                            ONAL
                                            PROCESS
                                            - Tight Controls
                                            - Only downward
  ADMIN              ORGANISATI             communication
 POLICIES               ONAL                - Little
                                                                WORKING
   AND               STRUCTURE              performance         CONDITIONS
STRATEGIES            & DESIGN              feedback            - Crowder work           CREATE “Serial
                                                                                                            BOOST UP THE                                                  JOB
                                                                                                               LEVEL OF       PAY SYSTEMS      MAKING YOUR        ENRICHMENT &
                                            - Centralized       area                       Monogamy
                                                                                                              EMPLOYEE     - Credible         ORGANSATION A        ENGAGEMENT
- Downsizing         - Centralization                           - Physical or
                                                                                           Mentality”
                                                                                                            SATISFACTION                       NICE PLACE TO       - Quality Work
- Bureaucratic       - Line – staff         decision making                            - Commitment to
                                                                                                          - R&R
                                                                                                                           - Good sense of
                                                                                                                           converting
                                                                                                                                                   WORK           Life (overall work
                                            - Lack of           mental strain          the Job/Task”
                                                                                                          - Corporate      performance into   - Hygiene factors      climate and
Rules                conflicts                                  - Poor Lighting
                                                                                       instead of
                                                                                                          Wellness         pay structures.                              culture)
- Competitive        - Role ambiguity       participation in                           “organisational
                                                                                       loyalty”.
                                                                                                          Programs         - New Benefits
pressures            and conflict           decisions
- Rotating           - No opportunity       - Punitive
(graveyard) shifts   for advancement        appraisal Systems
- Merit Pay Plans    - Restrictive/
                     Untrusting culture


                               STRESSOR                                                                                      ENABLER


    MOTIVATING                            Skill variety + Task Identity + Task Significance
    POTENTIAL                =                                                                              x         Autonomy                x          Feedback
      SCORE
      (MPS)                                                             3         79
MANAGING EXPECTATIONS
                             80


5 action steps for ensuring loyal set of Gen Y




Emotional Engagement: They need to feel that they belong here.
MANAGING EXPECTATIONS
            Five action steps to ensure the most productive, innovative, and loyal set of Gen Y
Training Gen Y employees                                                            employees.

• Incorporate active and ongoing training
• Focus on individual differences
• Get them to identify with the organization

Integration
• Make them “own” a task
• Coach, don’t Manage
• Specific and Difficult challenges

Feedback
• Frequent Performance Evaluations
• Hold them accountable
• Listen

Dealing with Stressors
• Emphasize Community
• Looks can be deceiving

Incentives for Generation Y
• Flex time
• Public recognition
                                        81
Learning organizations are characterized by
•58%      probability that a systematically          human oriented cultural values such as
administered pay combined with social                -openness
recognition and feedback for performance             -teamwork
reward system to employees in service                -empathy
organizations will increase their performance        -empowerment.
more than those who do not receive this              Best companies attract and retain their best
approach in comparison to 90% probability in         talents because they give a lot of attention
Manufacturing Settings.                              and care to their cultures and values.




                                                82
APPLYING THEORY Y TO THE GEN Y




Theory Y says humans are intrinsically
motivated to do a good job, and if the right
conditions can be created, employees will give
their discretionary time for free.
                      83
TURNING THE TABLE…

RESPONSIBILITIES OF GEN Y
                    84

   EXPECTATIONS FROM GEN Y FOR ALIGNING
  THE ORGANIZATIONAL GOALS AND WORKING
        TOWARDS A MORE SUCCESSFUL
             ORGANIZATION…
EXPECTATIONS FROM GEN Y



•Adulthood” has been getting delayed
•due to increasing prosperity-allowing parents to provide longer for their
progeny
•And increasing longevity




  “Thirty” is not “a kid.”
  Several younger generation workers in their late 20’s or early 30’s still
  want to do kid stuff, like spend every weekend on extreme sports or go
  out every night.


                                     85
Green Money Service
                                 wants to implement CRM
                                 to encourage cross-selling
 Mr. Soham, 40 working            throughout the org. 80%
in an American MNC was                 workforce sales.
  deputed to South East           Several Barriers stand in
   Asia for next 2 years.         way, slow to change, low
    No family transfers            acceptance from heads,
   No Schooling Grant                leaders lack exp. In
  No Promotion Posting             technology. Leaders are
                                  old-timers with org from
 What would have been              15 - 20 yrs, few are less
 Soham`s reaction????             that 2.5 yrs, some even 6
                                           months

                                    It is frustrating……



                            86   LETS DISCUSS…
GENERAL TAKE AWAYS
• Generation Y is confident at a time of
  high anxiety
• Generation Y values opportunity over
  job security
• Gen Y wants – and is receiving – more
  responsibility, earlier
• Gen Y trusts superiors and wants to
  work with them.
• Generation Y is fundamentally different
  from other iconic generations.

   Talent management as a whole should aim at:
    Socializing – Getting social with talent.
    Transparency to encourage “meritocracy”.
    Appreciation, Appreciation and Appreciation.
    Technology ecosystem – similar to the employees’ technology ecosystem as they access in
       their personal lives.
    Empowerment at young age.
                                               87
Courtesy References listed below:
   INTERNET LINKS:
   •http://www.haworth-europe.com/en/content/download/8985/545674/file/Oxygenz-Report_2010_EN.pdf
   •http://www.learningtolearn.sa.edu.au/Colleagues/files/links/UnderstandingGenY.pdf
   •http://www.managementlab.org/files/site/publications/labnotes/mlab-labnotes-010.pdf
   •http://www2.honolulu.hawaii.edu/facdev/guidebk/teachtip/GenY.htm
   •http://jenniferbrownconsulting.com/site/wp-content/uploads/2010/09/New-Strategies-for-Gen-Y-Recruitment-White-
   Paper.pdf
   •http://careers.bmj.com/careers/advice/view-article.html?id=20000724
   •http://sds.uncc.edu/sites/sds.uncc.edu/files/media/White_Paper_Gen_Y.pdf
   •http://en.wikipedia.org/wiki/Organizational_communication
   •http://www.deloitte.com/assets/DcomUnitedStates/Local20Assets/Documents/us_consulting_hc_GenerationY_Snapsh
   ot_041509.pdf
   •http://www.google.co.in/url?sa=t&source=web&cd=1&ved=0CBsQFjAA&url=http%3A%2F%2Fthecareerpartners.com%2
   Fdocs%2Femergingworkplace%2FWhat%2520does%2520Gen%2520Y%2520Want.ppt&rct=j&q=What%20Does%20a%2
   0Gen%20Y%E2%80%99er%20Want%20Work%2FLife%20Congress%20October%202%2C%202007&ei=7FuVTqKkEszM
   rQe0-YWlBg&usg=AFQjCNHzAh6b7uCawgIsdkPQ2i_jxeygdQ&cad=rja
   •http://www.google.co.in/url?sa=t&source=web&cd=1&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.diversitybestpractic
   es.com%2Ffiles%2FKPMG.ppt&rct=j&q=Managing%20Three%20Generations%20of%20Employees%20%E2%80%93%20
   KPMG&ei=AFyVTu5vjMutB4TkmMwG&usg=AFQjCNGii41Vf2O77RfWGIQMLbThEihSjQ&cad=rja

   JOURNALS:
   •Peer Bulletin – (issue 204)

   BOOKS:
   • COMPENSATION – by: George T. Milkovich, Jerry M. Newman, Carolyn Milkovich
   • Saving the World at Work: What Companies and Individuals Can Do to Go Beyond Making a Profit to Making a
     Difference [Hardcover] – by - Tim Sanders

    The data presented in the document is the intellectual property of aforesigned. Any rights including, inter alia, rights of
reproduction, communication to the public, adaptation and translation of the work should be done after prior permission from
                                                the Author. All rights reserved

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Talent Acquisition and Management of Tomorrow’s Workforce – The GEN Y

  • 1. 1 - Ms. DEEPA MOHAMED
  • 2. 2 Getting In – sync with Gen – Y “UNDERSTANDING” P Humanizing Technology in Talent R OBJECTIVE Acquisition “ACQUIRE” O C A comprehensive E understanding and Workplace Enablers for Gen – Y S “MAKING WORK-PLACE READY” S practical insight about Gen – Y and how to Manage Gen Managing Gen Y “Retaining & – Y at workplace.. Empowering” Sessions will be based on……. - Various research & report statistics - Personal experiences - Sample Survey done within organization & department. - Open forum – Participants Input
  • 3. Characteristics Communication Styles Social Attributes We will be able to reap the benefits of their tremendously confident generation & will be able to produce financial & business miracles in terms of synchronizing TRADITIONALIST • Direction & Guidance • Enthusiasm & Experience BABY BOOMERS • Open approach to Learning GEN X • Contagious Motivation & GEN Y Confident 3
  • 4. Generation Common Characteristics Optimistic; Confident; Gen Y Comfortably self-reliant; Success Driven Self-Reliant; Gen X Diversity-Minded; Focused on today Optimistic; Baby Boomers Driven to achieve goals; 4
  • 5. Think of an example a ‘Personality’ from a Traditionalist generation that has been able to influence the millions of Gen Yers recently in 2011. Because he ignited following in Gen Y • Trust in Them • They felt the same cause & share the vision • They could accept that ‘Traditionalist’ as a trusted Mentor 5
  • 6. The worldwide survey includes special samples from: US: 1,217 India: 897 China: 660 UK: 607 Germany: 256 And from various key 5,375 respondents industry sectors including: 690 Engineering 625 Media 3,011(18 - 25-year-olds) 736 Marketing, Finance & 1,298 (26 - 35-year-olds) Communication 396 (36 - 45-year-olds) 491 Information Art 551 Design 6
  • 7. Green Money Service wants to implement CRM to encourage Rohan, 26 newly cross-selling married, having 5 yrs throughout the org. work exp in SAP was 80% workforce sales. hired by a TOP-NOTCH Avg age of emp - 26 MNC. Soon after joining Several Barriers stand he was asked to relocate in way, slow to change, to a FIELD Location Mr. Soham, 40 low acceptance from heads, leaders lack within 3 months. The working in an exp. In technology. same came as a surprise American MNC was Leaders are old-timers to him as he was not deputed to South East with org from 15 - 20 communicated Asia for next 2 years. yrs, few are less that regarding this at the No family transfers 2.5 yrs, some even 6 time of Interview. No Schooling Grant months No Promotion Posting What Would be It is frustrating…… Rohan`s Reaction????? What would be Soham`s reaction???? 7
  • 8. No definitive agreement on birth years;, our reference band is between 1981 and 2000 – gen Y. Global WorkPlace Innovation - Oxygenz report 2010. Famous Generation Major Events General Characteristics Personality 9-11; Iraq War; Enron; Emerging countries & global Techno savvy & connected 24/7; Economy;; No life without computers Sania Mirza Optimistic; Confident; Comfortably self- Gen Y INDIA – Eco. Transformation, SEZ`s, Asian reliant; Entrepreneurial; Success Driven; Saina Nainawal Mark Elliot Zuckerberg Games, Financial Reforms Inclusive; Environmentally minded Collapse of the Soviet Union; Corporate downsizing; Punk rock; Space shuttle Challenger tragedy; Grew up with video games, MTV, and Barkha Dutt computers in school Skeptical; Pragmatic; Adaptable; Self- Sachin Tendulkar Gen X Post-WWII Prosperity; Vietnam War and social Reliant; Informal; Technoliterate; Shah Rukh Khan protest. Diversity-Minded; Focused on today << Sabeer Bhatia INDIA – Green Rev. Expansion of telecomm industry, S/w industry. The Beatles; The Cold War; The Civil Rights Kiran Bedi Movement; Watergate; Women’s Liberation Competitive; Optimistic; Driven to Mukesh Ambani Baby Boomers INDIA – Polt. Integration, States Reorganization achieve goals; Focused on their children; Kiran Majumdar Shaw Judgmental of differing opinions; Political Indra Nooyi Act, Automobile Factory Committee Chanda Kochhar Korean War; Beginning of Cold War; Creation of the H-bomb; Jazz; Abstract expressionist art; Non-conformist; Bohemian; Cool; Anna Hazare The Castro’s Cuban Revolution Questioning authority; Apolitical; Anti- Azim premji intellectual. Narayana Murthy Beat/builders INDIA – Dandi March, Satyagrah Disillusioned; Reactive; Cynical about The Lost World War I; Isolationism; Immigration; Invention institutions; Realistic; Pragmatic; Risk- of the airplane and automobile; Generation taker; Critic 8
  • 9. 9
  • 10. 10 % of Generations World Population population Gen Y -15-29 years old 1,723,911,077.00 25.47 Gen x - 30-44 year old 1,442,951,791.00 21.32 Baby Boomers - 5 - 64 years old 1,233,836,150.00 18.56 Traditionalists - 65-74 years old 316,330,067.00 4.67 With nearly half of India's billion-plus people under the age of 25.
  • 11. 11  Not enough of them (US, UK, Australia and Europe)  India Problem of plenty (Not employment ready)  Baby Boomers retiring, taking the experience with them  Furious digital innovators  Gen y Skills crucial for globally networked and knowledge economies to move up value chain
  • 12. 12
  • 13. 13 Time for a group Exercise….. Lets Find out the “ASPIRATIONS ” and “CHARACTERSTICS” of Generations
  • 14. 14 General Characteristics Millennial at work  Tech-savvy  Work well with friends and on teams  Connected…24/7  Collaborative, resourceful,  Self-confident  Innovative thinkers  Optimistic  Love a challenge  Independent  Seek to make a difference  Comfortably self-reliant  Want to produce something worthwhile  Determined  Desire to be a hero  Goal oriented  Impatient  Success driven  Comfortable with speed and change  Lifestyle centered  Thrive on flexibility and space to  Inclusive explore  Global, civic- and community-minded  Partner well with mentors  Service oriented  Value guidance  Entrepreneurial  Expect respect
  • 15. 15 • Decision based on the influence of their own peers. PEERS • Live in a culture encouraging them to embrace community values • Reach consensus • LESS IDEALISTIC - Media & pop culture influence PRAGMATISM • Worried about unemployment rates and inflation , crime rates & body image. • Increasingly short term focus. • Concept of absolute TRUTH no longer valid, more relative as per circumstances. PREFERENCE • Technology is often not trusted let alone held up as the answer.
  • 16. 16 • Optimism • Collective action Values Work Ethic • Civic Duty • Tenacity • Confidence • Heroic spirit • Achievement • Multi-tasking • Sociability • Technological savvy • Morality • Have difficulty dealing with • Street smarts difficult people issues • Diversity • Multiple Careers and Flexibility Required • Give me feedback all day long…I have to have it!
  • 17. 17
  • 18. They function well They love a as team members challenge They want to be They want it They want surrounded by – right now to be heroes bright, creative people 18
  • 19.  Rigidity  Fear of technology  Phony personalities  Being told to “pay your dues  The 60 hour work week  A dry, boring environment  Slow response time  Being “stuck” in a dead end job  Homogenous workforces  Nonchalant attitudes about the environment  Working first, living second 19
  • 20. Global terrorism Concerns about the environment Poverty World hunger Global financial concerns A highly competitive workforce Chaos in the business world 20
  • 21. 21
  • 22. Category What to Do Why Provide fexible work schedules and a relaxed workplace. Work Create opportunities for social interaction like Millennials put friends and lifestyle above work. Environment Friday afternoon alcohol-free ‘happy hours,’ They are getting married and having children scavenger hunts, and Nerf battles. later. Learning & Training Boomer parents raised them to believe that Opportunities Provide reimbursement and employee training. education is the road to success Emphasize the ways that your company Almost 70 percent say that giving back and being Recruiting contributes to society civically engaged are their highest priorities. Give them exposure to different parts of the On Boarding business; and help them build relationships Millennials want and need with current employees connections, checkpoints and mentoring Millennials ask ‘what is my job’ and go about figuring out the best, fastest way to “When Baby Boomers were younger, they had Work Ethic complete that task. a piano teacher who expected them to practice Then they consider themselves done. piano and work hard at it. They view jobs as ‘something to do between Motivation Provide paid time-off as a reward weekends. Loyalty to the boss is the number one reason they stay in a job, especially during the first three Boss years. Dissatisfaction with the boss is the Relationships Win their affection. number one reason they quit. Millennials want a Be careful not to cross the line tight bond with a boss who is close, caring and from “boss as advocate” to boss as friend. aware 22
  • 23. Category What to Do Why Managing Describe the result you’re looking for and let Millennials grew up learning how to figure things them figure out how to get there. To bring out the out on their own. With the Internet and a network best in them, teach them about the company and of friends a text message away they will find their explain how their work will lead to specific own answers. They are impatient but always results. Hold them accountable for mistakes and eager to learn and quick to d praise them for Success. Millennials think of themselves as a commodity that they can sell to the highest biddero so Work Assignments Give them several projects. They are great multi-taskers with 10 times the Put them in the field with clients where they can speed and technical knowledge of their older work in teams and solve problems siblings. Though they are independent thinkers, collaboratively. Millennials love working in teams. They question Let them work on projects with higher-ups when the status quo and expect to make an impact appropriate one Day Reducing Create career paths with a They set short-term goals and Turnover timeframe short enough for them to envision. want to make an impact from day one Reward small success along the way 23
  • 24. In India, with opportunities a plenty in the 24 current economy, JOB-HOPPING is a major constraint, something not seen in their parents’ generation. With nearly half of India's billion-plus people under the age of 25  High Aspiration  Accelerated career growth  Socially responsible workplace  Flexible work environment  Freedom & collaboration  Innovation  Entrepreneur & Business savvy  Optimistic, Embracing change  Clear sense of where they are headed  Highly competitive Gen-Y in India value WORK LIFE BALANCE more than any other generation Level of engagement comparable to other generations “EXCEPTION” Willing to work in shifts , but NO NO TO LONG HOURS…………
  • 25. Veterans Baby Boomers Generation X Generation Y (1922–1945) (1946–1964) (1965–1980) (1981–2000) Work Ethic / Hard work Workaholics Eliminate the task What’s next Respect authority Work efficiently Self-reliance Multitasking Values: Sacrifice Crusading causes Want structure and Tenacity Duty before fun Personal fulfillment direction Entrepreneurial Adhere to rules Desire quality Skeptical Tolerant Question authority Goal oriented Work is…: An obligation An exciting adventure A difficult challenge A means to an end A contract Fulfillment Leadership Style: Directive Consensual Everyone is the same The young leaders Command-and-control Collegial Challenge others Century Ask why Interactive Style: Individual Team player Entrepreneur Participative Loves meetings Communications: Formal In person Direct Email Written Immediate Voice mail Feedback & No news is good news Don’t appreciate it Sorry to interrupt, but Whenever I want it, at Satisfaction in a job Money how am I doing? the push of a button Rewards: well done Title recognition Freedom = best reward Meaningful work Messages that Your experience is You are valued Do it your way Working with other respected You are needed Forget the rules bright, creative people motivate: Work & Family Life: Work No balance Balance Balance Work to live 25
  • 26. 26
  • 27. Likes mentors Global Instant information Demands instant gratification Empowered Expecting NOW! Not 5 minutes from now) Wired Multi-tasking Quickly bored Attracted to Large Social Movements Interdependent Mobile Impatient if delayed… But highly adaptable. 27
  • 28. 28
  • 29. 29
  • 30. Develop a RECRUITMENT STRATEGY based on:- • Understanding workforce demographics • Identifying economic issues impacting organizational sustainability. • Identifying organizational & cultural issues impacting talent acquisition. • Knowledge of industry trends and emerging issues. 30
  • 31. The worldwide survey includes special samples from: US: 1,217 India: 897 China: 660 UK: 607 Germany: 256 And from various key 5,375 respondents industry sectors including: 690 Engineering 625 Media 3,011(18 - 25-year-olds) 736 Marketing, Finance & 1,298 (26 - 35-year-olds) Communication 396 (36 - 45-year-olds) 491 Information Art 551 Design 31
  • 32.  Real Estate – Urban Workplace – travel, public, transport  Channels Of Recruitment  Total Rewards (compensation)  HR & Org Policies (New Ways of Working / (Roles & Responsibilities)  Facilities Management – Work space & environment  Information Technology  Management (Corporate Values & Work Environment  Training & On-boarding  Organizational Communication Reward & Recognition 32
  • 33. WORKPLACE TOTAL REAL ESTATE CHANNELS OF REWARDS Access, travel, RECRUITMENT (COMPENSATION Urban or rural location, & OTHERS) 33
  • 34. 34 •More than 70% prefer an urban to slightly TRAVEL - 7% would prefer to walk to work. Car is urban location still a favorite and on average 40% would prefer to travel to work by car UK – nation of Walkers • India has the most Generation Y US and India lead the un-environmentally friendly league for using cars. Prefer Public demanding an urban setting transport. • The UK has the highest proportion of ACCESS - China: Demand for rural settings Generation Y preferring a rural setting UK: Back to the City and urban settings India: Must be urban to attract the younger generations India has the most demanding workforce……
  • 35. 35 • 58% of all the respondents (against 56% for the Generation Y) prefer to have a certain degree of flexibility  Equally 29% of the Generation • Women prefer more flexibility than men Y would like to have a gym on • The UK and the US Generation Y prefer to work the most flexibly while China and site and as well as communal India expect to work flexibly facilities
  • 36. 36
  • 37. 37 Identify Demographic Where Networks Lack Find New Networks Dimensions Diversity – Build Pipeline • Job Rotation • Gender • Explore formal, semi-formal, • Internal Promotions & • Age informal networks per region Transfers • Rural or Urban • Reference • Build relationships and gain • RTD/SKILLING credibility in each network To attract a diverse talent pool, company can focus on 3 types of networks FORMAL University, professional program, Consultants, Executive search, Professional job sites SEMI FORMAL Skilling companies INFORMAL Networks Social Media, networking events, HR communities
  • 38. 38 Base pay Transactional Total Total Cash Component rewards remuneration Employee benefits Learning and development Total reward Relational The work experience Non-financial rewards rewards Recognition, achievement, growth Security, stable consistent positions and rewards
  • 39. TRANSACTIONAL COMPONENTS “Poor or good Pay Meritocracy Master’ Organisation • ‘Leading or lagging’ as • Performance Based per Industry Standards variable structure to - & ‘differentiate high performers’ Since ‘Total Rewards 39
  • 40. One size won’t fit all. Develop a Change communication strategies different recruitment strategy for – (SOCIAL MEDIA) each generation - SKILLING & RTD Sell Opportunities not Careers Retention strategies need to be (TOTAL REWARDS & EVP) different for each generation in the workforce – SESSION - 4 40
  • 41. 41
  • 42. 42 Demand (in millions) for Skilled Training Capacity Vs. Skill Workers by 2015 Demand 16 14 Current Training Capacity 12 3 Million 10 8 6 Skilled Workers Demand 2015 83 Million 4 2 0 Auto Construction Retail Banking & Skilled Workers Demand 2022 500 Million Finance 64.8% OF India’s population would be in the working age of 15-64 years in 2026 (an increase from 62.9% in 2006). Taking into consideration the world population and how it ages, India has the advantage of the demographic dividend. This demographic advantage coupled with the global skilled labour shortage – means that India could be supplying skills to the world.
  • 43. 43 REVERSE ENGINEERING Might appear as “Costing” but in actual terms is “investment in Future Talent Pool”. Indian Economy 2022 BFSI Scenario Estimated growth Growth Requirement: in Insurance sector of •Rate of 7.4% in •240 million •Approx. 24 GI •15-20% of 2009-10 skilled Companies & 23 LI growth •Service sector workforce Companies prospects contributes - •BFSI alone 8.3% to GDP require – 4.2 m BACKWARD INTEGRATION IN PEOPLE SUPPLY CHAIN Talent Development at Pre-joining stage Quality Certification Sharing our Skilled Workforce i.e. Implemented by (as per Industry requirements in TALENT Institution requirement and terms of curriculum ACQUISITION standards)
  • 44. 44 COMMUNICATION MEDIA ENGAGE ALL Use methods that are BRAND Gen Y’ers listen to their accessible and affordable families and friends to potential candidates in that region Industry – are you Company – technologically equipped what`s the name FAMILIES+FRIE NDS Email ,text, phone, Linkedin, High EVP blog Manage All Social networking tools Brand Dimensions Leverage Current Employees for Modernize Follow Professionally New Talent Up Communication managed org
  • 45. Organisational Culture Organisational Vision Work Environment Learning & Organisation’s Hygiene Development Factors Opportunities 45
  • 46. Rohan, 26 newly married, Tailor your recruitment messages to having 5 yrs work exp in SAP the generation, but always tell the was hired by a TOP-NOTCH truth MNC. Soon after joining he was asked to relocate to a FIELD Location within 3 months. Build personalization, choice, and The same came as a surprise to control into all aspects of our him as he was not recruitment communicated regarding this at the time of Interview. What Would be Rohan Sell Opportunities and not a Career Reaction????? 46
  • 48. Impatient Gen Y with their great & sometimes unrealistic expectations is clashing with the older “pay your dues” Gen X -Ron Alsop 48 Remember…So these young employees have radically different expectations about • Real Estate • Workplace • Channels of Recruitment • Total Rewards (Compensation) • Facilities Management • HR & Org Policies (New Ways of Working / Roles & Responsibilities) • Information Technology • Management (Corporate Values & Work Environment) • Training / On-boarding/ Induction • Organizational Communication • Reward & Recognition
  • 49. MISMATCH BETWEEN DIFFERENCE IN EXPECTAIONS MAY LEAD TO MISUNDERSTANDING & CONFLICT WITHIN ORGANIZATION 49 But they should not be considered as “Complainers”. Millennials’ tend to set high expectations for themselves and their Managers, if guided properly “They can be Rockets” • Have Patience • Understanding of Gen Y’s Motivators & Stressors •Constant Feedback •Coaching – not Managing •Multi task & Steep learning curve (they get bored easily)
  • 50. HOW ARE YOU GOING TO KEEP MR. Y/MS. Y ENGAGED?? E-Commerce/ Digital Information INDUSTRY Retail Sales Oil & Gas Industry Media Technology Nature Entrepreneur Based MNC Promoter Based Indian MNC/ JV Turnover 150 - 200 crores 700 - 800 crores 300 - 400 crores >1000 crores 1. Process driven, 1. Dynamic & High 1. Social Networking, 1. Adhoc decision making, 2. Profit oriented, Performance 2. Brand Visibility 2. Change management is 3. Knowledge sharing, 2. Great emphasis on through intelligent slow, Key 4. Technology transfer, R&D business alliances, 3. Traditional approach, Characte 5. Decentralized 3. Work life balance, 3. High risk appetite, 4. People Driven ristics decision making on the 4. High technological 4. Strong corporate organizations, basis of profit centers, expertise values, 5. Low risk appetite 6. Stringent Quality 5. High Performance 5. Flexible approach 6. Low infrastructure cost norms 6. Remote location DEFINING PARAMETERS Facilities Management Information Technology HR & Org Policies (New ways of working/ Roles Training/ On-boarding / Induction & Responsibilities) Organizational Communication Rewards & Recognition 50
  • 51. Getting social with Talent is the Mantra of the day for this largely internally driven & self motivated generation. They need enablers in terms of freedom of Expressions & spontaneity in their operations. Key drivers would be having Technology ecosystems similar to what they access in their personal lives, Clear Expectations in terms of Roles & Job clarity, Flexibility, Respect & Recognition. MANAGEMEN HR & ORG TRAININGS/ T FACILITIES POLICIES R&R INDUCTION/ MANAGEMEN ON- (Corporate T (New ways of (Reward & BOARDING Values & Work (Support Systems) working/ Roles & Recognition) Environment) Responsibilities)
  • 52. TRAINING /INDUCTION/ ONBOARDING 52 FIRST STEP FOR A LONG CAREER…
  • 53. TRAINING & ONBOARDING TRAINING INITIATIVES • E-learning • Academic Training • Face to face training • Mentoring/ Coaching • Train Leaders/Managers INDUCTION • Induction considered more important than earning more money or fast promotion - Up to 80% of Gen Y EMPHASIZE COMMUNITY: • New hires meet • Opportunity to bond, • Sharing Experiences and Learning • Buddy System UN-CONVENTIONAL TEAMS • Teams can be formed to encourage the Employees to mentor and think out of the box to tackle difficult issues as well as venture into new projects. E.g. Project 42 Gen Y learn best when it is fun or through mentoring or coaching. • Negative comments for –’Online Training’ - 55% of new joinees •Some of the negative comments received - “poorly written,” “irrelevant,” “long winded and took up large amounts of personal time.” 53
  • 54. CORPORATE VALUES & WORK ENVIRONMENT 54 WHAT THE ORGANIZATION STANDS FOR…
  • 55. Organizational Values • Clearly communicated Values • Highly aware of personal values and drivers (corporate citizenship) Corporate values & personal goals must align • CSR Activities Mind set of Older Gen vs. Gen Yers • Challenge is to manage “Attitude”. Older Gen might see IM, Blogging, Text messaging, social networking etc. as waste of time and a distraction of work, but these act as basic motivators for the Gen Y Setting off new wave of Social & Business Transformation: • Wherever they are in the world and no matter how large or small their numbers, the signs are that they are setting off a new wave of social and business transformation that will equal or surpass what the Baby Boomers achieved 55
  • 56. REWARD & RECOGNITION 56 Appreciating the efforts…
  • 57. STAR PERFORMERS • Regular Monthly/ Quarterly awards for Performance • Recognition on Company-wide forum etc EXTRA CURRICULAR ACTIVITIES • Activities to promote other talent of the Emp • Support local communities TAB SESSIONS • Small breaks from work . E.g. Quizs, one floor activities • Picnics, Out-door trainings 57
  • 58. FACILITIES MANAGEMENT - Support Systems 58 The “Hygiene factors” for making a successful Organization…
  • 59. FACILITIES MANAGEMENT Social Spaces: For the Generation Y, the workplace is a social construction and work is social: Going to work is about meeting people and socializing within the working community The Generation Y is a sporty and social generation: there is a high demand for sport and social facilities on site. Style matters and should be modern rather than contemporary Women are more attracted to modern interior than Men Men are more attracted to minimalist interiors than Women Art should be present in the office, but not too much of it! 59
  • 60. FACILITIES MANAGEMENT They need to identify to, & feel they own their workspace The large majority still want to have their own desk Less than a 1/5th are happy to share a desk Industry sector show major differences in their Men are more comfortable in ways of working & cultural differences at work. wider space than women •Engineering industry - focused on team based activities Gen Y moto is “GO Green” •Media industry - prefer access to a large amount of breakout spaces •Finance sector - formal meeting spaces Technology Mobile technology is a priority Mobile and portable technologies should be provided as a priority; laptop rather than PC desktops, Blackberry rather than mobile phones Limit the provision of printers on desks and promote clean desk policies 60
  • 61. FACILITIES MANAGEMENT CATERING & SOCIAL FACILITIES Preferences: • Roughly 30% of our time working/preparing for work /thinking • coffee shops (22%), about work, • snack facilities (18%) • 5% spend - eating and drinking • kitchen facilities (18%). • Only 2% - choosing not to have !!! • Vending machines (13%) • restaurant (14%) • Refectory (14%) RECEPTION AND SECURITY SUPPORT SERVICES • 79% - prefers at least a 5 Star service • India is the most demanding country in the workplace (reception services • The 18 to 25 yrs old are the most demanding age group & security guard) • The Finance Industry and Media, • 37% -concierge type of service (54% Communication & Marketing Industry are in India). the most demanding industry sectors • Male employees are more demanding than female employees Recommendations • Access to social space • high standards of on site support & facilities management services • Access to social space and venues on-site • Sport facilities on site or close by • Shops and local amenities is preferable on site or within close proximity • Corporate Tie-Ups - Various Fitness Centers, Eating Joints, Health care facilities 61
  • 62. FACILITIES MANAGEMENT Very high Importance Expectations Mobile phone 53.1% 56.7% gave it: very high importance Laptop 52.8% 49% gave it: very high importance Organizer /Blackberry 46.0% 52.5% gave it: very high importance Printer 38.5% 44.9% gave it: very high importance Recommendations •Mobile technology is a priority •Mobile and portable technologies should be provided as a priority; laptop rather than PC desktops, Blackberry rather than mobile phones •Limit the provision of printers on desks and promote clean desk policies 62
  • 63. HR & ORGANIZATIONAL POLICIES 63 New ways of Working/ Roles & Responsibilities
  • 64. HR & ORGANIZATIONAL POLICIES New Ways of Working: • 56% prefer to work flexibly and chose when to work Young Women (18-25 years old) prefer more flexibility than men The UK and the US Generation Y prefer to work far more flexibly, while China and India expect to work flexibly Public recognition: for a job well done is more effective than a pay raise and no recognition 79% prefer to be mobile rather than static workers Prefer to ‘Work from home’ Want to be part of a team – but virtual team Multiple work assignments – can multi-task like no generation before them 64
  • 65. HR & ORGANIZATIONAL POLICIES THE JOB MUST OFFER: 1: Opportunities for Learning 2: Quality of Life 3: Work Colleagues INDIAN CONTEXT •Highly competitive, more than ever before … • seeking higher education •Job Hoppers – if no challenging work 65
  • 66. HR & ORGANIZATIONAL POLICIES They do not take well to orders and resent being handed busywork with no explanation as to its purpose. Gen Y prefers ‘Self-role’ definition in the context of a work career. Creativity & productivity Technology + Ambiance & Atmosphere + People around = Creativity and Productivity 66
  • 67. You Must Do Not • Assign Mentors • Micromanage • Communicate • Isolate with similar age groups • Offer different modes of learning (provide interaction with senior members, esp. Boomers) • Constant Feedback • Job Rotations / Variety of Work • Use the same management sytle with all generations • Align Organizational Goals with interests of employees • Delegate without making the connection to the bigger picture • Ask for new ideas and listen • Provide infrastructure for collaboration Private & Confidential 67
  • 68. s 68 M E R R I L L LY N C H PROGRAMS Coca - cola Accenture MicroSoft  Awareness and  Horizontal movements  Corporate values  Project 42: Development & LeadershipSummits and personal goals heterogeneous Programs like  Diversity initiatives must align team based on –  GoLearn- Blackberry  Devt through  Flexible work Trust, openness & Training , app. coaching environment job satisfaction  Redesigned Analyst and  Performance Reviews  Multiple work  42New- for New Associate Development as Developmental Dis assignments joinees Program, cussions through  Future Leave  self-role definition-  Reverse mentoring A Self-Funded concept coaching  Parenting Pals days Sabbatical  Games as ‘change  Identifying natural tal  Parents Day tools’ ent of Gen Y through  42Books People Development F orum
  • 69. 69 So by successfully engaging Gen Y Good news is engaging ‘Whyers’ by rethinking a smart employer is wooing all & recreating the the co-workers workplaces will be • You cant give them moon appreciated not only by Gen Yers; but by all • Stressor & Enabler – fine balance other generations. • Create a plan for change… This is because they • Prioritize short term, long term & on-going also seek, what all aspects value regardless of age: • Increased Training • Team work • Trust - Respect • Constantly evaluation - - Opportunity - Meaningful • Expect great things Rewards
  • 70. WHAT IS THE RISK IF WE DON’T MAKE THE NECESSARY CHANGES TO ENGAGE GEN Y 70 MAKING WORK PLACE READY
  • 71. FOOD FOR THOUGHT • Western Europe – they are scarce • In India : more than half of the population - unemployable • Disengagement will lead to - loss of highly innovative & productive work-work 71
  • 73. NOW SINCE WE UNDERSTAND THEIR BASIC CHARACTERISTICS WHAT CAN BE THE BEST RETENTION STRATEGIES 73 • THE TRADITIONAL TALK & CHALK WONT WORK • THEY WANT FREEDOM • WE STRESS LEARNING THEY LIKE EXPERIENCE • WE REACT THEY RELATE • WE FOCUS ON INDIVIDUAL THEY ARE SOCIALLY DRIVEN
  • 74. Current trends indicate that the majority of twenty-something’s do job- hoping every 18 months, a phenomenon often blamed on restlessness and expectation to move up the ladder quickly. In a recent survey conducted , over 58% of Gen Y rated flexibility as extremely important or very important to them. While we realize, it is not always possible to offer flexibility, you should attempt to where you can. 74 COMMUNICATION • Medium • Style MANAGING MANAGING • Type WORK-LIFE EXPECTATIONS • Structure BALANCE
  • 75. COMMUNICATION 75 Getting in touch the Gen Y way… Direct • Monthly focus groups • Quarterly sessions • Management interaction with Emp • Team Huddle • Heterogeneous groups As per a study the Organizations where social sites such as ‘Facebook’ etc are banned, the propensity of Gen Y to leave the Organization is higher.
  • 76. • Not only our • Highly Techno-savvy, so 76 communication style be PPT, Excels are their forte credible, but we must be • They are not impacted by as well slick presentations • They are simply seeking • No Rehearsed talk to understanding & respect manufactured speeches • No hidden agenda or Translucent REAL RAW • Should capture their • “They do not care how interest much you know until they • Style as well as content know how much you must be relevant care!!! • Visually educated & entertained generation RELEVANT RELATIONAL COMMUNICATION REQUIRES OPENNESS, VULNERABILITY, GENUINE INTERST & UNDERSTADNING
  • 77. COMMUNICATION Organizational Communication Structure • Formal • Informal Type of Communication • Downward • Upward • Horizontal 77
  • 78. MANAGING WORK-LIFE BALANCE 78 Equilibrium between Work & Life…
  • 79. MANAGING WORK-LIFE BALANCE Stressor Enabler ORGANISATI ONAL PROCESS - Tight Controls - Only downward ADMIN ORGANISATI communication POLICIES ONAL - Little WORKING AND STRUCTURE performance CONDITIONS STRATEGIES & DESIGN feedback - Crowder work CREATE “Serial BOOST UP THE JOB LEVEL OF PAY SYSTEMS MAKING YOUR ENRICHMENT & - Centralized area Monogamy EMPLOYEE - Credible ORGANSATION A ENGAGEMENT - Downsizing - Centralization - Physical or Mentality” SATISFACTION NICE PLACE TO - Quality Work - Bureaucratic - Line – staff decision making - Commitment to - R&R - Good sense of converting WORK Life (overall work - Lack of mental strain the Job/Task” - Corporate performance into - Hygiene factors climate and Rules conflicts - Poor Lighting instead of Wellness pay structures. culture) - Competitive - Role ambiguity participation in “organisational loyalty”. Programs - New Benefits pressures and conflict decisions - Rotating - No opportunity - Punitive (graveyard) shifts for advancement appraisal Systems - Merit Pay Plans - Restrictive/ Untrusting culture STRESSOR ENABLER MOTIVATING Skill variety + Task Identity + Task Significance POTENTIAL = x Autonomy x Feedback SCORE (MPS) 3 79
  • 80. MANAGING EXPECTATIONS 80 5 action steps for ensuring loyal set of Gen Y Emotional Engagement: They need to feel that they belong here.
  • 81. MANAGING EXPECTATIONS Five action steps to ensure the most productive, innovative, and loyal set of Gen Y Training Gen Y employees employees. • Incorporate active and ongoing training • Focus on individual differences • Get them to identify with the organization Integration • Make them “own” a task • Coach, don’t Manage • Specific and Difficult challenges Feedback • Frequent Performance Evaluations • Hold them accountable • Listen Dealing with Stressors • Emphasize Community • Looks can be deceiving Incentives for Generation Y • Flex time • Public recognition 81
  • 82. Learning organizations are characterized by •58% probability that a systematically human oriented cultural values such as administered pay combined with social -openness recognition and feedback for performance -teamwork reward system to employees in service -empathy organizations will increase their performance -empowerment. more than those who do not receive this Best companies attract and retain their best approach in comparison to 90% probability in talents because they give a lot of attention Manufacturing Settings. and care to their cultures and values. 82
  • 83. APPLYING THEORY Y TO THE GEN Y Theory Y says humans are intrinsically motivated to do a good job, and if the right conditions can be created, employees will give their discretionary time for free. 83
  • 84. TURNING THE TABLE… RESPONSIBILITIES OF GEN Y 84 EXPECTATIONS FROM GEN Y FOR ALIGNING THE ORGANIZATIONAL GOALS AND WORKING TOWARDS A MORE SUCCESSFUL ORGANIZATION…
  • 85. EXPECTATIONS FROM GEN Y •Adulthood” has been getting delayed •due to increasing prosperity-allowing parents to provide longer for their progeny •And increasing longevity “Thirty” is not “a kid.” Several younger generation workers in their late 20’s or early 30’s still want to do kid stuff, like spend every weekend on extreme sports or go out every night. 85
  • 86. Green Money Service wants to implement CRM to encourage cross-selling Mr. Soham, 40 working throughout the org. 80% in an American MNC was workforce sales. deputed to South East Several Barriers stand in Asia for next 2 years. way, slow to change, low No family transfers acceptance from heads, No Schooling Grant leaders lack exp. In No Promotion Posting technology. Leaders are old-timers with org from What would have been 15 - 20 yrs, few are less Soham`s reaction???? that 2.5 yrs, some even 6 months It is frustrating…… 86 LETS DISCUSS…
  • 87. GENERAL TAKE AWAYS • Generation Y is confident at a time of high anxiety • Generation Y values opportunity over job security • Gen Y wants – and is receiving – more responsibility, earlier • Gen Y trusts superiors and wants to work with them. • Generation Y is fundamentally different from other iconic generations. Talent management as a whole should aim at:  Socializing – Getting social with talent.  Transparency to encourage “meritocracy”.  Appreciation, Appreciation and Appreciation.  Technology ecosystem – similar to the employees’ technology ecosystem as they access in their personal lives.  Empowerment at young age. 87
  • 88. Courtesy References listed below: INTERNET LINKS: •http://www.haworth-europe.com/en/content/download/8985/545674/file/Oxygenz-Report_2010_EN.pdf •http://www.learningtolearn.sa.edu.au/Colleagues/files/links/UnderstandingGenY.pdf •http://www.managementlab.org/files/site/publications/labnotes/mlab-labnotes-010.pdf •http://www2.honolulu.hawaii.edu/facdev/guidebk/teachtip/GenY.htm •http://jenniferbrownconsulting.com/site/wp-content/uploads/2010/09/New-Strategies-for-Gen-Y-Recruitment-White- Paper.pdf •http://careers.bmj.com/careers/advice/view-article.html?id=20000724 •http://sds.uncc.edu/sites/sds.uncc.edu/files/media/White_Paper_Gen_Y.pdf •http://en.wikipedia.org/wiki/Organizational_communication •http://www.deloitte.com/assets/DcomUnitedStates/Local20Assets/Documents/us_consulting_hc_GenerationY_Snapsh ot_041509.pdf •http://www.google.co.in/url?sa=t&source=web&cd=1&ved=0CBsQFjAA&url=http%3A%2F%2Fthecareerpartners.com%2 Fdocs%2Femergingworkplace%2FWhat%2520does%2520Gen%2520Y%2520Want.ppt&rct=j&q=What%20Does%20a%2 0Gen%20Y%E2%80%99er%20Want%20Work%2FLife%20Congress%20October%202%2C%202007&ei=7FuVTqKkEszM rQe0-YWlBg&usg=AFQjCNHzAh6b7uCawgIsdkPQ2i_jxeygdQ&cad=rja •http://www.google.co.in/url?sa=t&source=web&cd=1&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.diversitybestpractic es.com%2Ffiles%2FKPMG.ppt&rct=j&q=Managing%20Three%20Generations%20of%20Employees%20%E2%80%93%20 KPMG&ei=AFyVTu5vjMutB4TkmMwG&usg=AFQjCNGii41Vf2O77RfWGIQMLbThEihSjQ&cad=rja JOURNALS: •Peer Bulletin – (issue 204) BOOKS: • COMPENSATION – by: George T. Milkovich, Jerry M. Newman, Carolyn Milkovich • Saving the World at Work: What Companies and Individuals Can Do to Go Beyond Making a Profit to Making a Difference [Hardcover] – by - Tim Sanders The data presented in the document is the intellectual property of aforesigned. Any rights including, inter alia, rights of reproduction, communication to the public, adaptation and translation of the work should be done after prior permission from the Author. All rights reserved