SlideShare une entreprise Scribd logo
1  sur  12
Télécharger pour lire hors ligne
BI WORLDWIDE.com
Brace yourself,employers:
the
Millennialsare coming
(and
everything’s
going to be
okay.)
By 2020, the Millennial generation
will make up more than half of
the American workforce.
If you believe all the headlines,
this demographic shift spells
disaster for employers, who
are being told to expect
rampant entitlement,
laziness and job-hopping.
Everything’s going to
be okay. Really.
In fact, we think
it’s going to be better
than okay.
the
Millennialsare coming
truth
the
truth
the
No one knows more about the way employees think and behave
than BI WORLDWIDE (BIW) so we were obviously excited
at the prospect of doing a comprehensive study on the topic
of Millennial workers. And our research
tells a very different story than
the scary headlines. Millennials aren’t
all that different
from the rest of us.
the
Millennialsare coming
need
here’s
what you
to know:
need
here’s
what you
to know:
Our study found that Millennial employees
are actually easier to engage than their
non-Millennial counterparts. They want to be
part of the solution. They want you to notice
their efforts and they’ll work hard for you
if they feel valued.
easeof
engagement
Source:
BI WORLDWIDE New Rules of Engagement Research
Average Engagement Score
4
3.9
3.8
3.7
3.6
3.5
3.4
3.3
3.2
3.1
3
3.7
3.6
3.9
3.7
Millennials Non-Millennials
2014 2015
needfor
meaningfulwork
0.55
0.60
Commitment
0.64
0.73
Performance
Millennials thrive on doing work that matters.
They don’t want to simply tick boxes. They want to make
a difference. Here’s why this isn’t a problem: For starters,
Millennials aren’t the only ones who want meaningful work.
Our study found that all demographic groups report having
the same desire.
Why is meaningful work important? Simple. Employees who say
they love their job and can see how their work is contributing
to the overall success of the business are more committed to
stay and will be more productive day in and day out.
Correlation with Meaningful Work
Source:
BI WORLDWIDE 2015 New Rules of Engagement Research
Millennials Non-Millennials
jobloyalty
There is one notable exception to our claim that
Millennials aren’t all that different from the rest of
us: They report lower levels of loyalty to their current
employer and increased likelihood that they’ll be
working somewhere else within the next year.
Source:
BI WORLDWIDE 2015 New Rules of Engagement Research
30%
Millennials Non-Millennials
23%
I plan
toleave this
organization
within the next
12 months.
IwishIwere
working
somewhere
else.
34%
Millennials Non-Millennials
30%
However...
Source:
2015 Clark University Poll of Emerging Adults:
Work, Education and Identity
Millennial Attitudes About Work
“I have not made as much progress
in my career as I would have
hoped by now.”
70% 65%
“My current job is not in the field
I hope to be in 10 years
from now.”
This statistic is somewhat misleading. Why? Because
it doesn’t reflect the character of Millennials–it just
reflects where they are in their careers. Do you still
have the same job you did at 22? Many Millennials
graduated during the recession and took whatever job
they could find, which means they’re still looking for a
job they’re passionate about.
whatcanyou
doaboutthis?Help them see a future at your company. This might be easier
than it sounds – even though many Millennials envision
moving on to something different eventually,
as long as they’re in their current roles,
they’re uncommonly committed.
More Millennials than non-Millennials reported being proud to
work at their current organization and would recommend it
to others as a “great place to work.”
I would
recommend this
organization as
a great place to
work.
76%
Millennials
69%
Non-Millennials
I am proud
to work
at my
organization.
80%
Millennials
77%
Non-Millennials
Source:
BI WORLDWIDE 2015 New Rules of Engagement Research
Want to encourage Millennials to
stick around?
Forge connections between employees
and leaders to help them feel part of the
bigger picture. Reward employees for their
achievements in a timely manner and do
so consistently. The intent of Millennials to
leave a company within three years drops
significantly when adequate recognition
and connection to leadership are present.
retention Outcomes of recognition and transparency
66%
(Not) immediate
recognition
Immediate
recognition
49%
Plan to
leave within
3 years
73%
(Not) confident if
I do good work,
it will be recognized
51%
Confident if I do
good work, it will
be recognized
Plan to
leave within
3 years
Plan to
leave within
3 years
67%
I do (not) feel
very connected to my
company’s leadership
48%
I do feel very
connected to my
company’s leadership
Source:
BI WORLDWIDE 2015 Survey of Millennial Attitudes and Behaviors
Finally, let’s put this “all about me” stereotype
to rest, once and for all.
We studied how Millennials and non-Millennials respond
after receiving two types of recognition: individual
recognition and group recognition. The result?
Both demographic groups were more likely to turn
around and recognize someone else after receiving
an individual recognition. In other words, most human
beings in general prefer individualized acknowledgement
versus being one of many. So if you’re going to start
handing out participation trophies, make sure you
include everyone regardless of age.
the“me”
generation?Impact of Recognition
Individual
recognition
received
Group recognition
received
30%
25%
15%
10%
5%
0%
25%
17%
11%
10%
Millennials Non-Millennials
Likelihoodtorecognizesomeoneelse
Millennials present the same challenges and
opportunities as other demographic groups.
They want to be noticed, recognized and
rewarded. They want meaningful work and to
know they’re making a difference. We don’t think
that’s such a bad thing. In fact, with a strategic,
thoughtfully-designed employee recognition
program, you can turn these motivations into
loyalty, productivity and innovation that will
pay dividends for years to come.
thebottomline
BI WORLDWIDE is a global engagement
agency that uses the principles of behavioral
economics to produce measurable results for
our clients by driving and sustaining
engagement with their employees, channel
partners and customers.
learnmore
To learn more about how BI WORLDWIDE
can help engage every generation in your workforce,
visit: BI WORLDWIDE.com or email
info@BI WORLDWIDE.com.
Australia | Canada | China | India | LATAM | Singapore | UK | US

Contenu connexe

En vedette

Power of Photography in Digital Marketing - WSFA 2016
Power of Photography in Digital Marketing - WSFA 2016Power of Photography in Digital Marketing - WSFA 2016
Power of Photography in Digital Marketing - WSFA 2016Saffire
 
Digital Influence: Social Capital, Social Currency and Personal Branding
Digital Influence: Social Capital, Social Currency and Personal BrandingDigital Influence: Social Capital, Social Currency and Personal Branding
Digital Influence: Social Capital, Social Currency and Personal BrandingBrian Solis
 
A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...
A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...
A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...Brian Solis
 
Millennials & the New Luxury
Millennials & the New LuxuryMillennials & the New Luxury
Millennials & the New LuxuryPBJS
 
Company presentation - Amazon
Company presentation - AmazonCompany presentation - Amazon
Company presentation - AmazonIndushekar Reddy
 
Leadership in the Digital Age
Leadership in the Digital AgeLeadership in the Digital Age
Leadership in the Digital AgeAngela Maiers
 
E-COMMERCE GROWTH: 25 proven tactics to grow your E-Commerce
E-COMMERCE GROWTH: 25 proven tactics to grow your E-CommerceE-COMMERCE GROWTH: 25 proven tactics to grow your E-Commerce
E-COMMERCE GROWTH: 25 proven tactics to grow your E-CommerceiVentures Consulting
 
Solving for X: Why the Future of Business is Experiential
Solving for X: Why the Future of Business is ExperientialSolving for X: Why the Future of Business is Experiential
Solving for X: Why the Future of Business is ExperientialBrian Solis
 
Millennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & ValuesMillennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & ValuesEdelman
 
Meet Generation Z: Forget Everything You Learned About Millennials
Meet Generation Z: Forget Everything You Learned About MillennialsMeet Generation Z: Forget Everything You Learned About Millennials
Meet Generation Z: Forget Everything You Learned About Millennialssparks & honey
 
Amazon.com: the Hidden Empire - Update 2013
Amazon.com: the Hidden Empire - Update 2013Amazon.com: the Hidden Empire - Update 2013
Amazon.com: the Hidden Empire - Update 2013Fabernovel
 

En vedette (12)

Power of Photography in Digital Marketing - WSFA 2016
Power of Photography in Digital Marketing - WSFA 2016Power of Photography in Digital Marketing - WSFA 2016
Power of Photography in Digital Marketing - WSFA 2016
 
Digital Influence: Social Capital, Social Currency and Personal Branding
Digital Influence: Social Capital, Social Currency and Personal BrandingDigital Influence: Social Capital, Social Currency and Personal Branding
Digital Influence: Social Capital, Social Currency and Personal Branding
 
A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...
A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...
A Manifesto for Building Relationships in the Digital Era by Brian Solis and ...
 
Millennials & the New Luxury
Millennials & the New LuxuryMillennials & the New Luxury
Millennials & the New Luxury
 
Company presentation - Amazon
Company presentation - AmazonCompany presentation - Amazon
Company presentation - Amazon
 
Leadership in the Digital Age
Leadership in the Digital AgeLeadership in the Digital Age
Leadership in the Digital Age
 
E-COMMERCE GROWTH: 25 proven tactics to grow your E-Commerce
E-COMMERCE GROWTH: 25 proven tactics to grow your E-CommerceE-COMMERCE GROWTH: 25 proven tactics to grow your E-Commerce
E-COMMERCE GROWTH: 25 proven tactics to grow your E-Commerce
 
Solving for X: Why the Future of Business is Experiential
Solving for X: Why the Future of Business is ExperientialSolving for X: Why the Future of Business is Experiential
Solving for X: Why the Future of Business is Experiential
 
Millennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & ValuesMillennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & Values
 
Meet Generation Z: Forget Everything You Learned About Millennials
Meet Generation Z: Forget Everything You Learned About MillennialsMeet Generation Z: Forget Everything You Learned About Millennials
Meet Generation Z: Forget Everything You Learned About Millennials
 
Amazon.com: the Hidden Empire - Update 2013
Amazon.com: the Hidden Empire - Update 2013Amazon.com: the Hidden Empire - Update 2013
Amazon.com: the Hidden Empire - Update 2013
 
Micro Expressions
Micro ExpressionsMicro Expressions
Micro Expressions
 

Similaire à Brace yourself, employers: the millennials are coming

The Deloitte Millennial Survey 2016
The Deloitte Millennial Survey 2016The Deloitte Millennial Survey 2016
The Deloitte Millennial Survey 2016Deloitte Portugal
 
PreparedU: The Millennial Mind Goes to Work
PreparedU: The Millennial Mind Goes to WorkPreparedU: The Millennial Mind Goes to Work
PreparedU: The Millennial Mind Goes to WorkBentley University
 
Social Media Today's Change Agent Survey
Social Media Today's Change Agent SurveySocial Media Today's Change Agent Survey
Social Media Today's Change Agent SurveySocial Media Today
 
Myths exaggerations and uncomfortable truths executive report
Myths exaggerations and uncomfortable truths executive reportMyths exaggerations and uncomfortable truths executive report
Myths exaggerations and uncomfortable truths executive reportSyl Cotter
 
Bridging the Generations Among Farmers, Ranchers & Associations (6 15 11)
Bridging the Generations Among Farmers, Ranchers & Associations  (6 15 11)Bridging the Generations Among Farmers, Ranchers & Associations  (6 15 11)
Bridging the Generations Among Farmers, Ranchers & Associations (6 15 11)Steve Drake
 
CEB - The Millennial Myth
CEB - The Millennial MythCEB - The Millennial Myth
CEB - The Millennial MythAndy, Xinbin Hu
 
MPG Millenial Careers _ 2020 Vision
MPG Millenial Careers _ 2020 VisionMPG Millenial Careers _ 2020 Vision
MPG Millenial Careers _ 2020 VisionRay E. Culver, SPHR
 
Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...
Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...
Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...Nozomi Morgan
 
Social Change Agents - A Career Study
Social Change Agents - A Career StudySocial Change Agents - A Career Study
Social Change Agents - A Career StudySoCo Partners
 
Role of Millennials and their Impact on Reputation Management
Role of Millennials and their Impact on Reputation ManagementRole of Millennials and their Impact on Reputation Management
Role of Millennials and their Impact on Reputation ManagementMSL
 
Screw The Corner Office! Millennials & Success
Screw The Corner Office! Millennials & SuccessScrew The Corner Office! Millennials & Success
Screw The Corner Office! Millennials & SuccessCheryl Faux
 
Motivating Millennials: Communicating with the Younger Generation in the Work...
Motivating Millennials: Communicating with the Younger Generation in the Work...Motivating Millennials: Communicating with the Younger Generation in the Work...
Motivating Millennials: Communicating with the Younger Generation in the Work...Deanna Tomaselli
 
JOVENS LIDERAM TRANSFORMAÇÃO DIGITAL
JOVENS LIDERAM TRANSFORMAÇÃO DIGITALJOVENS LIDERAM TRANSFORMAÇÃO DIGITAL
JOVENS LIDERAM TRANSFORMAÇÃO DIGITALMeio & Mensagem
 
Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!
Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!
Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!Falcon.io
 

Similaire à Brace yourself, employers: the millennials are coming (20)

The Deloitte Millennial Survey 2016
The Deloitte Millennial Survey 2016The Deloitte Millennial Survey 2016
The Deloitte Millennial Survey 2016
 
The Deloitte Millennial Survey 2016
The Deloitte Millennial Survey 2016The Deloitte Millennial Survey 2016
The Deloitte Millennial Survey 2016
 
Deloitte millenial survey-2016-exec-summary
Deloitte millenial survey-2016-exec-summaryDeloitte millenial survey-2016-exec-summary
Deloitte millenial survey-2016-exec-summary
 
PreparedU: The Millennial Mind Goes to Work
PreparedU: The Millennial Mind Goes to WorkPreparedU: The Millennial Mind Goes to Work
PreparedU: The Millennial Mind Goes to Work
 
Social Media Today's Change Agent Survey
Social Media Today's Change Agent SurveySocial Media Today's Change Agent Survey
Social Media Today's Change Agent Survey
 
Myths exaggerations and uncomfortable truths executive report
Myths exaggerations and uncomfortable truths executive reportMyths exaggerations and uncomfortable truths executive report
Myths exaggerations and uncomfortable truths executive report
 
Bridging the Generations Among Farmers, Ranchers & Associations (6 15 11)
Bridging the Generations Among Farmers, Ranchers & Associations  (6 15 11)Bridging the Generations Among Farmers, Ranchers & Associations  (6 15 11)
Bridging the Generations Among Farmers, Ranchers & Associations (6 15 11)
 
CEB - The Millennial Myth
CEB - The Millennial MythCEB - The Millennial Myth
CEB - The Millennial Myth
 
Workforce 2020
Workforce 2020Workforce 2020
Workforce 2020
 
MPG Millenial Careers _ 2020 Vision
MPG Millenial Careers _ 2020 VisionMPG Millenial Careers _ 2020 Vision
MPG Millenial Careers _ 2020 Vision
 
Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...
Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...
Attracting and Retaining the Top Talent in the Southeast: Managing Millennial...
 
Recovered file 2b
Recovered file 2bRecovered file 2b
Recovered file 2b
 
Social Change Agents - A Career Study
Social Change Agents - A Career StudySocial Change Agents - A Career Study
Social Change Agents - A Career Study
 
Role of Millennials and their Impact on Reputation Management
Role of Millennials and their Impact on Reputation ManagementRole of Millennials and their Impact on Reputation Management
Role of Millennials and their Impact on Reputation Management
 
Screw The Corner Office! Millennials & Success
Screw The Corner Office! Millennials & SuccessScrew The Corner Office! Millennials & Success
Screw The Corner Office! Millennials & Success
 
Motivating Millennials: Communicating with the Younger Generation in the Work...
Motivating Millennials: Communicating with the Younger Generation in the Work...Motivating Millennials: Communicating with the Younger Generation in the Work...
Motivating Millennials: Communicating with the Younger Generation in the Work...
 
JOVENS LIDERAM TRANSFORMAÇÃO DIGITAL
JOVENS LIDERAM TRANSFORMAÇÃO DIGITALJOVENS LIDERAM TRANSFORMAÇÃO DIGITAL
JOVENS LIDERAM TRANSFORMAÇÃO DIGITAL
 
Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!
Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!
Webinar: Finally, Brand Activism Is Driving More Meaningful Engagement!
 
Career Report 2013
Career Report 2013Career Report 2013
Career Report 2013
 
Engaging millennials
Engaging millennialsEngaging millennials
Engaging millennials
 

Dernier

BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBalmerLawrie
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesMedia Logic
 
Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdftbatkhuu1
 
How to Leverage Behavioral Science Insights for Direct Mail Success
How to Leverage Behavioral Science Insights for Direct Mail SuccessHow to Leverage Behavioral Science Insights for Direct Mail Success
How to Leverage Behavioral Science Insights for Direct Mail SuccessAggregage
 
Unlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich ManuscriptUnlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich Manuscriptelizabethella096
 
Developing Marketing Strategies and Plans kotler
Developing Marketing Strategies and Plans kotlerDeveloping Marketing Strategies and Plans kotler
Developing Marketing Strategies and Plans kotlerAmirNasiruog
 
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxDigital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxZACGaming
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristicswasim792942
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfSocial Samosa
 
Enjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort Service
Enjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort ServiceEnjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort Service
Enjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort ServiceDelhi Call girls
 
Factors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptxFactors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptxVikasTiwari846641
 
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15SearchNorwich
 
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...ChesterYang6
 

Dernier (20)

BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
 
Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdf
 
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
 
Podcast Marketing Master Class - Roger Nairn
Podcast Marketing Master Class - Roger NairnPodcast Marketing Master Class - Roger Nairn
Podcast Marketing Master Class - Roger Nairn
 
How to Leverage Behavioral Science Insights for Direct Mail Success
How to Leverage Behavioral Science Insights for Direct Mail SuccessHow to Leverage Behavioral Science Insights for Direct Mail Success
How to Leverage Behavioral Science Insights for Direct Mail Success
 
Driving AI Competency - Key Considerations for B2B Marketers - Rosemary Brisco
Driving AI Competency - Key Considerations for B2B Marketers - Rosemary BriscoDriving AI Competency - Key Considerations for B2B Marketers - Rosemary Brisco
Driving AI Competency - Key Considerations for B2B Marketers - Rosemary Brisco
 
Unlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich ManuscriptUnlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich Manuscript
 
Developing Marketing Strategies and Plans kotler
Developing Marketing Strategies and Plans kotlerDeveloping Marketing Strategies and Plans kotler
Developing Marketing Strategies and Plans kotler
 
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxDigital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristics
 
How to Create a Social Media Plan Like a Pro - Jordan Scheltgen
How to Create a Social Media Plan Like a Pro - Jordan ScheltgenHow to Create a Social Media Plan Like a Pro - Jordan Scheltgen
How to Create a Social Media Plan Like a Pro - Jordan Scheltgen
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdf
 
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
 
Enjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort Service
Enjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort ServiceEnjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort Service
Enjoy Night⚡Call Girls Dlf City Phase 4 Gurgaon >༒8448380779 Escort Service
 
LinkedIn Social Selling Master Class - David Wong
LinkedIn Social Selling Master Class - David WongLinkedIn Social Selling Master Class - David Wong
LinkedIn Social Selling Master Class - David Wong
 
Factors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptxFactors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptx
 
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
 
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
 

Brace yourself, employers: the millennials are coming

  • 1. BI WORLDWIDE.com Brace yourself,employers: the Millennialsare coming (and everything’s going to be okay.)
  • 2. By 2020, the Millennial generation will make up more than half of the American workforce. If you believe all the headlines, this demographic shift spells disaster for employers, who are being told to expect rampant entitlement, laziness and job-hopping. Everything’s going to be okay. Really. In fact, we think it’s going to be better than okay. the Millennialsare coming truth the truth the
  • 3. No one knows more about the way employees think and behave than BI WORLDWIDE (BIW) so we were obviously excited at the prospect of doing a comprehensive study on the topic of Millennial workers. And our research tells a very different story than the scary headlines. Millennials aren’t all that different from the rest of us. the Millennialsare coming need here’s what you to know: need here’s what you to know:
  • 4. Our study found that Millennial employees are actually easier to engage than their non-Millennial counterparts. They want to be part of the solution. They want you to notice their efforts and they’ll work hard for you if they feel valued. easeof engagement Source: BI WORLDWIDE New Rules of Engagement Research Average Engagement Score 4 3.9 3.8 3.7 3.6 3.5 3.4 3.3 3.2 3.1 3 3.7 3.6 3.9 3.7 Millennials Non-Millennials 2014 2015
  • 5. needfor meaningfulwork 0.55 0.60 Commitment 0.64 0.73 Performance Millennials thrive on doing work that matters. They don’t want to simply tick boxes. They want to make a difference. Here’s why this isn’t a problem: For starters, Millennials aren’t the only ones who want meaningful work. Our study found that all demographic groups report having the same desire. Why is meaningful work important? Simple. Employees who say they love their job and can see how their work is contributing to the overall success of the business are more committed to stay and will be more productive day in and day out. Correlation with Meaningful Work Source: BI WORLDWIDE 2015 New Rules of Engagement Research Millennials Non-Millennials
  • 6. jobloyalty There is one notable exception to our claim that Millennials aren’t all that different from the rest of us: They report lower levels of loyalty to their current employer and increased likelihood that they’ll be working somewhere else within the next year. Source: BI WORLDWIDE 2015 New Rules of Engagement Research 30% Millennials Non-Millennials 23% I plan toleave this organization within the next 12 months. IwishIwere working somewhere else. 34% Millennials Non-Millennials 30%
  • 7. However... Source: 2015 Clark University Poll of Emerging Adults: Work, Education and Identity Millennial Attitudes About Work “I have not made as much progress in my career as I would have hoped by now.” 70% 65% “My current job is not in the field I hope to be in 10 years from now.” This statistic is somewhat misleading. Why? Because it doesn’t reflect the character of Millennials–it just reflects where they are in their careers. Do you still have the same job you did at 22? Many Millennials graduated during the recession and took whatever job they could find, which means they’re still looking for a job they’re passionate about.
  • 8. whatcanyou doaboutthis?Help them see a future at your company. This might be easier than it sounds – even though many Millennials envision moving on to something different eventually, as long as they’re in their current roles, they’re uncommonly committed. More Millennials than non-Millennials reported being proud to work at their current organization and would recommend it to others as a “great place to work.” I would recommend this organization as a great place to work. 76% Millennials 69% Non-Millennials I am proud to work at my organization. 80% Millennials 77% Non-Millennials Source: BI WORLDWIDE 2015 New Rules of Engagement Research
  • 9. Want to encourage Millennials to stick around? Forge connections between employees and leaders to help them feel part of the bigger picture. Reward employees for their achievements in a timely manner and do so consistently. The intent of Millennials to leave a company within three years drops significantly when adequate recognition and connection to leadership are present. retention Outcomes of recognition and transparency 66% (Not) immediate recognition Immediate recognition 49% Plan to leave within 3 years 73% (Not) confident if I do good work, it will be recognized 51% Confident if I do good work, it will be recognized Plan to leave within 3 years Plan to leave within 3 years 67% I do (not) feel very connected to my company’s leadership 48% I do feel very connected to my company’s leadership Source: BI WORLDWIDE 2015 Survey of Millennial Attitudes and Behaviors
  • 10. Finally, let’s put this “all about me” stereotype to rest, once and for all. We studied how Millennials and non-Millennials respond after receiving two types of recognition: individual recognition and group recognition. The result? Both demographic groups were more likely to turn around and recognize someone else after receiving an individual recognition. In other words, most human beings in general prefer individualized acknowledgement versus being one of many. So if you’re going to start handing out participation trophies, make sure you include everyone regardless of age. the“me” generation?Impact of Recognition Individual recognition received Group recognition received 30% 25% 15% 10% 5% 0% 25% 17% 11% 10% Millennials Non-Millennials Likelihoodtorecognizesomeoneelse
  • 11. Millennials present the same challenges and opportunities as other demographic groups. They want to be noticed, recognized and rewarded. They want meaningful work and to know they’re making a difference. We don’t think that’s such a bad thing. In fact, with a strategic, thoughtfully-designed employee recognition program, you can turn these motivations into loyalty, productivity and innovation that will pay dividends for years to come. thebottomline
  • 12. BI WORLDWIDE is a global engagement agency that uses the principles of behavioral economics to produce measurable results for our clients by driving and sustaining engagement with their employees, channel partners and customers. learnmore To learn more about how BI WORLDWIDE can help engage every generation in your workforce, visit: BI WORLDWIDE.com or email info@BI WORLDWIDE.com. Australia | Canada | China | India | LATAM | Singapore | UK | US