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                                            Bridging the Gap:
                       An Employers’ Guide to Engaging with the New Generations at Work
                                         Presented by Mark McCrindle
                                            www.markmccrindle.com
1. Changing Demographics
Changing population
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                 Changing demographics: 5 key impacts

                 1. Population growth
                 2. Population spread
                 3. Increasing geographical mobility
                 4. Increasing vocational mobility
                 5. Work-life shifts
Changing Workforce – 7 enduring issues


1.   Ageing workforce:           mid 40’s
2.   Peak labour:                2011
3.   Leadership succession       1 in 3 by 2020
4.   Declining average tenure:   12 yrs to 4 yrs
5.   Portfolio careers:          5 careers, 20 emp.
6.   Entrepreneurial:            1 in 4
7.   Increased mobility:         Local & global
Builders Generation - aged 65+:




                          Builders

                          4% workforce
                          0% in 2020
Baby Boomers - aged 46-64:




                  Boomers

                  35% of workforce
                  15% in 2020
Generation X - aged 31 to 45




                        Gen X

                        43% of workforce
                        36% in 2020
Generation Y - aged 30 and under




                       Gen Y

                       18% of workforce
                       35% in 2020
2. Generations Defined
A Snapshot of the New Generations:


•   Global, multicultural, entrepreneurial
•   The most educated, endowed generation ever.
•   Early adopters in a tech-saturated world.
•   Employment options in an ageing era.
•   Geographical mobility & portfolio careers
•   Upagers, living beyond their years.
childhood             adulthood
                      adulthood




              teens   adulthood
                      adulthood
            teens     adulthood
19th Century   childhood             adulthood
                                     adulthood




                             teens

                           teens     adulthood
19th Century   childhood             adulthood
                                     adulthood




20th Century   childhood     teens         adulthood
                                     adulthood
                           teens     adulthood
19th Century   childhood                adulthood
                                        adulthood




20th Century   childhood    teens            adulthood
                                        adulthood




21st Century   childhood tweens teens   kippers     adulthood
Tradition
Reputation
Sit & Listen
Long-term needs
Content
Authority
Tradition         Innovation
Reputation
Sit & Listen
Long-term needs
Content
Authority
Tradition         Innovation
Reputation        Recommendation
Sit & Listen
Long-term needs
Content
Authority
Tradition         Innovation
Reputation        Recommendation
Sit & Listen      Try & See
Long-term needs
Content
Authority
Tradition         Innovation
Reputation        Recommendation
Sit & Listen      Try & See
Long-term needs   Short-term wants
Content
Authority
Tradition         Innovation
Reputation        Recommendation
Sit & Listen      Try & See
Long-term needs   Short-term wants
Content           Process
Authority
Tradition         Innovation
Reputation        Recommendation
Sit & Listen      Try & See
Long-term needs   Short-term wants
Content           Process
Authority         Authenticity
3. Attracting & Retaining Staff
Top 5 (Gen Y) Attraction/Retention factors:


Work/Life Balance       (Flexibility)
Workplace Culture       (Community)
Management Style        (Accessibility)
Job Content             (Variety)
Training                (Employability)
                          Source: McCrindle Research: New Generations at Work
Funnel
Fluid
Command & Control - 20th Century


                                       L



           FINANCE                 OPERATIONS   MARKETING
Collaboration & Cooperation - 21st Century




          L                                  L   L
                                L                    L
          L                                  L   L
4. Leading & Training Staff
Effective Leadership – getting the mix right




Positional                     Relational
                     Transformational
20th Century       Today
        (Boomers & Xers)   (Generations Y & Z)
Who


How


What


Where
20th Century       Today
        (Boomers & Xers)   (Generations Y & Z)
Who     Trainer            Facilitator
        Learned            Learner
How


What


Where
20th Century       Today
        (Boomers & Xers)   (Generations Y & Z)
Who     Trainer            Facilitator
        Learned            Learner
How     Provable           Observable
        Verbal             Visual
What


Where
20th Century       Today
        (Boomers & Xers)   (Generations Y & Z)
Who     Trainer            Facilitator
        Learned            Learner
How     Provable           Observable
        Verbal             Visual
What    Passive            Participative
        Long term needs    Short term demands
Where
20th Century       Today
        (Boomers & Xers)   (Generations Y & Z)
Who     Trainer            Facilitator
        Learned            Learner
How     Provable           Observable
        Verbal             Visual
What    Passive            Participative
        Long term needs    Short term demands
Where   Structured         Spontaneous
        Classroom style    Café style
www.mccrindle.com.au




 communication: cognitive-emotive engagement

               +
                               SEEKERS      EMBRACERS


            EMOTIVE



                               HECKLERS     AGREE-ERS

                       -
                           -         COGNITIVE     +
www.mccrindle.com.au




             Session summary: the 4 Rs:

                       • Real


                       • Relevant


                       • Responsive


                       • Relational
www.mccrindle.com.au




                             McCrindle Research
                       Freecall: 1800 TRENDS (1800 873 637)

                             www.mccrindle.com.au
                             info@mccrindle.com.au

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Bridging the gap - Engaging with the new generations at work

  • 1. www.mccrindle.com.au Bridging the Gap: An Employers’ Guide to Engaging with the New Generations at Work Presented by Mark McCrindle www.markmccrindle.com
  • 4. www.mccrindle.com.au Changing demographics: 5 key impacts 1. Population growth 2. Population spread 3. Increasing geographical mobility 4. Increasing vocational mobility 5. Work-life shifts
  • 5. Changing Workforce – 7 enduring issues 1. Ageing workforce: mid 40’s 2. Peak labour: 2011 3. Leadership succession 1 in 3 by 2020 4. Declining average tenure: 12 yrs to 4 yrs 5. Portfolio careers: 5 careers, 20 emp. 6. Entrepreneurial: 1 in 4 7. Increased mobility: Local & global
  • 6.
  • 7. Builders Generation - aged 65+: Builders 4% workforce 0% in 2020
  • 8. Baby Boomers - aged 46-64: Boomers 35% of workforce 15% in 2020
  • 9. Generation X - aged 31 to 45 Gen X 43% of workforce 36% in 2020
  • 10. Generation Y - aged 30 and under Gen Y 18% of workforce 35% in 2020
  • 12. A Snapshot of the New Generations: • Global, multicultural, entrepreneurial • The most educated, endowed generation ever. • Early adopters in a tech-saturated world. • Employment options in an ageing era. • Geographical mobility & portfolio careers • Upagers, living beyond their years.
  • 13. childhood adulthood adulthood teens adulthood adulthood teens adulthood
  • 14. 19th Century childhood adulthood adulthood teens teens adulthood
  • 15. 19th Century childhood adulthood adulthood 20th Century childhood teens adulthood adulthood teens adulthood
  • 16. 19th Century childhood adulthood adulthood 20th Century childhood teens adulthood adulthood 21st Century childhood tweens teens kippers adulthood
  • 18. Tradition Innovation Reputation Sit & Listen Long-term needs Content Authority
  • 19. Tradition Innovation Reputation Recommendation Sit & Listen Long-term needs Content Authority
  • 20. Tradition Innovation Reputation Recommendation Sit & Listen Try & See Long-term needs Content Authority
  • 21. Tradition Innovation Reputation Recommendation Sit & Listen Try & See Long-term needs Short-term wants Content Authority
  • 22. Tradition Innovation Reputation Recommendation Sit & Listen Try & See Long-term needs Short-term wants Content Process Authority
  • 23. Tradition Innovation Reputation Recommendation Sit & Listen Try & See Long-term needs Short-term wants Content Process Authority Authenticity
  • 24. 3. Attracting & Retaining Staff
  • 25.
  • 26. Top 5 (Gen Y) Attraction/Retention factors: Work/Life Balance (Flexibility) Workplace Culture (Community) Management Style (Accessibility) Job Content (Variety) Training (Employability) Source: McCrindle Research: New Generations at Work
  • 28. Fluid
  • 29. Command & Control - 20th Century L FINANCE OPERATIONS MARKETING
  • 30. Collaboration & Cooperation - 21st Century L L L L L L L L
  • 31. 4. Leading & Training Staff
  • 32. Effective Leadership – getting the mix right Positional Relational Transformational
  • 33. 20th Century Today (Boomers & Xers) (Generations Y & Z) Who How What Where
  • 34. 20th Century Today (Boomers & Xers) (Generations Y & Z) Who Trainer Facilitator Learned Learner How What Where
  • 35. 20th Century Today (Boomers & Xers) (Generations Y & Z) Who Trainer Facilitator Learned Learner How Provable Observable Verbal Visual What Where
  • 36. 20th Century Today (Boomers & Xers) (Generations Y & Z) Who Trainer Facilitator Learned Learner How Provable Observable Verbal Visual What Passive Participative Long term needs Short term demands Where
  • 37. 20th Century Today (Boomers & Xers) (Generations Y & Z) Who Trainer Facilitator Learned Learner How Provable Observable Verbal Visual What Passive Participative Long term needs Short term demands Where Structured Spontaneous Classroom style CafĂ© style
  • 38. www.mccrindle.com.au communication: cognitive-emotive engagement + SEEKERS EMBRACERS EMOTIVE HECKLERS AGREE-ERS - - COGNITIVE +
  • 39. www.mccrindle.com.au Session summary: the 4 Rs: • Real • Relevant • Responsive • Relational
  • 40. www.mccrindle.com.au McCrindle Research Freecall: 1800 TRENDS (1800 873 637) www.mccrindle.com.au info@mccrindle.com.au