Have you heard that the global workforce is doomed because of the growing influx of inexperienced Millennials? They’re labeled as entitled, lack commitment and drive, impatient, and don’t respond well to authority. But wait, here are the actual statistics, the similarities and differences between other age groups in the workforce, and how leaders can help develop millennial leaders.
5. *Source: State of the American Worker 2017: Gallup
Boomers
35%
Fully Engaged
Percent Fully Engaged
Gen X
33%
Fully Engaged
Millennials
31%
Fully Engaged
Today’s Workplace
6. Larger Cohort
than Boomers
(77mil vs 60 mil)2
40% of workforce
by 2020
Diverse: 40% are
racial/ethnic
minorities
Born 1980 – 1995 (ages 22-37 in 2017)1
1. Careerplanner.com 2. Gallup
The State of Millennials
7. *Source: State of the American Worker
2016:1/3ofNewManagersareMillennials
Challenge is to Refine (Develop) Millennials to Replace Boomers
( Retiring at a rate of 10,000 a day for the next 12 years)
The State of Millennials
8. 66% say they will leave
their employer by 2020.
Struggles
63% say their leadership
skills are not being fully
developed.
Deloitte University Press, Oct 2015 Research Paper
Yet they are hungry for
development.
Impatient (low tolerance)
Less Resilient in Setbacks
Feel like they’re special
(all winners)
More assertive, I want
it, so I should have it
The State of Millennials
9. Team-Oriented—like Collaboration
Embrace Change and Diversity
Tech-Savvy
Hard-working (if they feel valued)
Confident and Enthusiastic
Ambitious and Achievement-Oriented
Strengths
The State of Millennials
10. *Source: State of the American Worker 2017: Gallup
WhatMillennialsWant
Want to be heard
Want validation and appreciation
Want more feedback and recognition
Enjoy working in a collaborative manner
Want more flexibility and choice
Want more training and development
The State of Millennials
11. *Source: State of the American Worker 2017: Gallup, and Deloitte Univ. Press
ButWait.....Millennialsarenotsodifferent.
Want to be heard
Want validation and appreciation
Want more feedback and recognition
Enjoy working in a collaborative manner
Want more flexibility and choice
Want more training and development
Their wants are about the same
as other generations.
These are what we need for an engaged
and productive workforce for all generations.
Today’s Workplace
13. Individually
Unique Talents
Emotionally
Touch the heart
Care, Value, Give feedback
Connect to Purpose
Collegial Approach
Flattened Hierarchy
Relationship not Authority or
Power
Listening
Developing together
Connect Collaborate
Leaders Developing Leaders
The New Process
17. Leaders get better – growing
More authentic
Engaged—notDominatingor
Withdrawing
Learningand takingotherswiththem
Leaders Learning
to Mine and
Refine
The New Outcome
18. Followers get better – growing
Collaborative learning
Feel valuable and included
Growing in responsibility/ownership
The New Outcome
Millennials Become
Valuable Treasure
20. How Leaders Develop Leaders
“The one thing leaders cannot do is nothing. They cannot wait
for trends to pass them by, and they cannot wait for millennials
to get older and start behaving like baby boomers.”
New Expectations
This is what we do – growing together
Requires courageous accountability by
authentic leaders.
New Processes and Tools
This is how we use it.
Technology will play an important role.
21. A percentage of all book revenues will be donated to the Wounded Warrior
project and other veterans’ causes.
LeonLeeEllis @LeonLeeEllis Lee Ellis
Lead and
Connect:
22. LeonLeeEllis @LeonLeeEllis Lee Ellis
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