Stick Like Glue Radio #161 On this special episode of Stick Like Glue Radio, I interview acclaimed communication strategist and author of the hit book, Millennials & Management: The Essential Guide To Making It Work At Work, Lee Caraher. A fun interview and some good nuggets!
Stick Like Glue Radio www.getjimpalmer.com
Main Questions Asked:
- How can someone who owns a business work around millennials job-hopping nature?
- What is the best way to manage a millennial?
- How do you define and what are some of the characteristics of millennials?
- What struggles have you had hiring millennials?
Key Lessons Learned:
- A business without millennials is a business without a future.
The Multi-Generational Workplace
- This is the first time in history that there are four generations working together in the workforce; Millennials, Gen X, Baby Boomers, and people over 68 years old.
- Baby Boomers are the ‘wait my turn’ generation and waited until they got elevated in the ranks.
- Even in the millennial generation, there is a big difference between the younger and older group.
The Impact of Technology
- Technology has allowed for such a difference in education and how people work together.
- Today we have more computing power in our hand than NASA did in order to put a man on the moon.
- There used to be barriers to information, action, and power; however, this doesn’t exist for millennials.
- The world is flat for millennials, meaning they are one click or tweet away from anyone in the world.
Who Are the Millennials?
- Millennials are an age group of people who are currently 15-35.
- There are 80 million millennials in America today.
- Digitally native.
- Change makers who want to change the world.
- Believe money is not the only currency.
- Very confident and able to make change fast.
- Intent on participating.
- Community-minded and look at the bigger picture.
- Looking for a mentor and wanting to learn.
Millennials and Job Hopping
- Millennials have a reputation for job-hopping, a lot of which is due to them seeing their parents lose their jobs and savings by putting all their eggs in a single company’s basket.
- Parents have been warning millennials not to count on one job, and create their own careers.
- The average term of employment for a person under the age of 28 in San Francisco is about 18-months.
- Millennials don’t ‘want’ to job hop if they don’t have to. If there is a possibility to move forward in their career, they will stay as long as there are opportunities.
- Employers need to explain the different opportunities available for millennials within an organization over time.
- We used to think about job loyalty as how long the person was at the company. It is now thought of loyalty over the course of the person’s career.
- Bring context to everything millennials are doing. “Just because I said so,” doesn’t work with this group.
- Explain every person’s role on the team and dependencies. This brings focus and purpose to millennials in the workplace.
- Not letting the team down is more important than not living up to the boss’s expectations.
- Millennials are used to having ides being put into action immediately.
Links to Resources Mentioned
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Why are contexts, dependencies & roles so important to millennials? Find out w/ @ leecaraher @newsletterguru http://www.getjimpalmer.com
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