Critical Success Factors for Leading and Empowering Generation Y
The newest generation to hit the workforce goes by many different names. The basic birth year bracket for this generation is 1982 – 1995 or 2000, depending on your source. The names include Generation Y, Millennial Generation, Generation Next, Net Generation, Echo Boomers and even the Peter Pan Generation.
Here is the kicker, this generation is HUGE and is needed to ensure continued economic growth. The Baby Boomer Generation is around 120M the X Generation is around 90M. We just don’t have enough X Generation professionals to fill the leadership void being created by the Baby Boomer push to retirement. The Millenials will be quickly pushed into leadership positions over the next 10 years to fill this void.
This sounds much easier in writing than it is to actually do. This generation has a very specific demographic and motivation. In order to get the most out of your High Potential Millennials, you must have a detailed understanding of the characteristics of this generation and how best to support, motivate and lead this group to ensure they achieve their maximum potential.
On Tuesday, February 26th, ASPE President David Mantica and ASPE VP of Marketing JT Moore presented the free web seminar, Millenials Rising: Critical Sucess Factors for Leading and Empowering Generation Y. In this one-hour seminar JT, a Millenial in a leadership role, and David president of ASPE Inc. with more than half of his team in the Millennial classification, discussed their differing experiences and opionions on Millenial talent managment.
JT and David reviewed and provided point / counter points on the following topics related to Millennial talent management:
- Very detailed look at Millennial characteristics including pros, cons and dispelling certain stereotypes
- Motivating Millennials in the work place, including issues on compensation, benefits, work/life balance
- Critical success discussion around empowering Millennial success through task assignment and work empowerment
- Finally a frank discussion of issues around discipline, corrective action, and feedback circles with Millennials
You can listen to a complete recording of this presentation at aspeevents.webex.com. Select “View Event Recordings” in the top right corner. You can also download the slides from this presentation by visiting our Web Seminar Archives.