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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!

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Stick Like Glue Radio www.getjimpalmer.com

Millennials and Management

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.
  • Self-starters.
  • 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.

 

Managing Millennials

  • 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

Millennials and Management
Lee Caraher

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A business without millennials is a business without a future. Find out why w/ @ leecaraher @newsletterguru https://www.getjimpalmer.com

Why are contexts, dependencies & roles so important to millennials? Find out w/ @ leecaraher @newsletterguru https://www.getjimpalmer.com      
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Your Host: Cap't Jim Palmer, The Dream Business Coach

Cap’t Jim Palmer, best known internationally as the Dream Business Coach, is creator of the Dream Business Mastermind and Coaching Program and host of Dream Business Radio – a weekly podcast based on Jim’s smart marketing and dream business building strategies. He is also the founder of Success Advantage Publishing.

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