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GQ&A – Episode 3 – Is the Millennial Workforce a Waste of Time?

Video Summary

  • The workforce is changing, with each generation more different than the last
  • Businesses have to adapt how they work at a deep level in order to attract and retain talent in the digital economy
  • Younger generations have a different value structure than older ones, they work, think and operate differently
  • You have to align their personal vision with that of your company, allowing for more collaboration, more flexibility, and deeper involvement
  • They want to be recognized, and they need to feel like they have a purpose, not just a paycheck
  • Providing a platform for expression, and encouraging integration with the company will go a long way

Full Transcript

Kyle: Is the millennial workforce a waste of time? we’re gonna talk about that today with Chris and Suzanne here on this week’s GQ&A!

Kyle: so Suzanne, tell me your opinion, I know that I’m a millennial for sure in the eyes of a lot of executives I would 100% be categorized as one, so anyone born in the 80s and forward tends to be a millennial

Suzanne: I’m technically a millennial but I have this perception that I’m not viewed as one. I could be completely wrong, but what do you think are the biggest misconceptions about millennials in the workforce?

Kyle: So a lot of companies complain about this millennial group, they say that they’re lazy and tired of all these things but the truth is that the workforce is changing, you can’t just do business like you used to do business in the 90s and expect to succeed. The baby boomers are going into retirement, the Millennials work differently and think differently, their value structure is much different so if you don’t adapt to that, it’s not going to be good news for your business.

Chris: I think Millennials do want a little bit more recognition for their work and that could be an advantage for a business rather than giving someone you know some sort of cash bonus or whatever it is for doing a good job so we tell them that we have a gold star, it’s a little recognition could be enough you know to make that person a happy valued contributing member of your company.

Kyle: The biggest thing is building meaning for the individual in with your company vision so you need to have everyone buying into your company vision but that also needs to make sense with every individuals meaning and life purpose because that’s what makes people hang around because people just hang out at a job for 40 years like they used to.

Suzanne: I think the aspect of having a purpose over how much your paycheck is, is a lot more important and speaking of staying at a job for tons of years of working your way up I’ve noticed that with looking at a resume of a millennial it might be more you know every 2 or 3 years they’re changing jobs previously, may have been seen as a red flag, why is this person just jumping from job to job, but in reality, many times depending on the person, it can be that they’re constantly evolving they’re not becoming complacent, just doing the same day-to-day activities, so one thing that I’ve noticed with the younger generation since they’re not looking for a traditional employment anymore they want a mutual benefit they want a mutually beneficial partnership so they don’t want to come in to work and be told what to do they want their input to be recognized they want to collaborate on projects they want to build something with their employer and they want that opportunity for personal and professional growth.

Chris: I have a bit of a different look at this, I hate applying labels to people I don’t really see generations I think the world people end of the day and we’re a product of our environment so Millennials for example they look first and gratification very quick communication things like that and that’s a result or symptom of the technology the internet, it shrunk the world so much they don’t have to really see they don’t feel like they have to come into the office every day they can do their work from their bed their desk their only their coffee table they can do digital conferences a lot of my clients I’ve never met face to face we do it with video and you can phone I think the office is becoming more of a moment than a place and we see a bit of a rift and how we will host that between an older generation that are running companies man a younger work I don’t want to fit into that they want to kind of do things on their own and that’s what we’re seeing a lot of like oh you guys are lazy and and we don’t know how technology works.

Chris: So it’s a completely different value structure yeah all the world versus the new world and one how do you how do you change can you change that and make it work for good well I think about changing your vision and a generation chatter that’s assuming all Millennials are tech savvy I have tons of friends that are Millennials that are not tech savvy they struggle using that computer I also know a lot of you know baby boomers for example that are very tech savvy

Kyle: The thing is with the younger generations there is huge potential because what they want to do is they want to grow and they can use the internet they can use these new tools and these social engagement platforms in a much more deep way than than other generations are used to doing so if you can give these Millennials and these younger generations a platform to do so it can be hugely beneficial to your business.