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© 2014 Source material retrieved from Pew Research Center,
http://www.pewresearch.org/Millennials/
Millennials entering
workforce in record
numbers
__________________________________
by Harold Kramer • May 1, 2014
__________________________________
So-called “Millennials,” defined recently by Pew
as being born between 1977 and 1992, will soon
become the largest generation with the highest
total spending power in history. They have
already become a significant percentage of the
workforce. What does this mean for managers?
Well, generations—much like people—have
personalities. And as any good manager knows,
managing personalities comes with the territory.
Research shows that this generation tends to be
liberal, upbeat, open-minded, self-expressive, and
confident. Perhaps overconfident. According to
Jerome Klein, a manager at a mid-sized brokerage
firm, “Millennial workers tend to seem less
respectful of their more seasoned colleagues, and
they often feel uninterested in following in the
footsteps of their superiors.”
“They can be aggressive in getting what they
want, and their idea of mentorship differs from
traditional models,” says Klein.
Indeed, a Millennial’s idea of a mentor
relationship may resemble Twitter conversations
as opposed to anything long-term or structured.
Their preference is short-term, informal
guidance.
This method of seeking guidance can feel insolent
to those accustomed to traditional corporate
hierarchies. “This tactic may have succeeded on
supercharged university campuses or on the
basketball court,” Klein explains. “But it could
prove ill-devised when Millennial employees
must work on age-diverse teams where their
aggressive career goals may be intimidating or
annoying to colleagues.”
Klein suggests that managers take advantage of
this enthusiasm while taking care to avoid
conflict that might be caused by the perception of
this enthusiasm.
There are many positive aspects of the influx of
Millennials in the workforce, including their
diversity. As compared with previous
generations, Millennials are more racially and
ethnically diverse, and are far less religious than
their predecessors, and they’re on track to be the
most educated generation in American history. So
if you find yourself managing Millennials—and
trust me, you probably will—take advantage of
their positive traits and reap the benefits of their
enthusiastic tendencies. Just don’t forget to reign
them in.
—Harold Kramer is a staff writer for The Ledger
http://www.pewresearch.org/millennials/
C3
© 2014 Data retrieved from Ernst and Young,
http://goo.gl/8pK4wo
Monday, May 5, 2014
Managing a multi-
generational workforce.
By Samantha Lee
A new study shows a momentous shift in
both Generation X and Millennials moving
into various levels of management positions
over the past half-decade. Add to this the
strong presence of Baby Boomers, and it
becomes apparent that the American
workforce today is a veritable melting pot of
age demographics.
In a survey of more than 1,000 US
companies, results show that each
generation has its own strengths and
weaknesses. The data is potentially of great
importance to those who find themselves in
the position of managing this cross-
generational mix.
The majority (75%) of respondents who
identified as managers said that supervising
multi-generational teams poses some
significant challenges. The study broke down
the perceived strengths and weaknesses of
each generational group, and this data could
prove useful for those who find themselves in
this kind of management position.
Below are the study's findings on the
strengths and weaknesses of Millennials,
Gen X-ers, and Baby Boomers, respectively:
Strengths: Millennials are viewed as the
most tech-savvy who know how to use
social media to their advantage. These
younger workers are also viewed as
being the most "enthusiastic" about their
jobs.
Weaknesses: Millennials scored the lowest
on being a "team player," "hardworking,”
and "a productive part” of the company.
Strengths: Gen X-ers were perceived as
the best managers. They also fared best
when it comes to generating revenue, being
a problem-solver, and having good team-
working skills.
Weaknesses: Gen X-ers scored the lowest
in terms of being cost-effective. Simply put,
they get paid the most on average.
Strengths: Baby Boomers ranked the
highest when it comes to being a
productive part of their companies. They
also ranked high in terms of being
"hardworking,” a "team player," and
mentoring others.
Weaknesses: Boomers ranked lowest with
regards to being “adaptable.”
It is of course important to avoid
stereotyping or overgeneralizing. Still, any
good manager knows the importance of
managing personalities, and consideration
of this kind of data is a great place to start.
Samantha Lee is a staff writer for The
Examiner. [email protected]
http://goo.gl/8pK4wo

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© 2014 Source material retrieved from Pew Research Center, ht.docx

  • 1. © 2014 Source material retrieved from Pew Research Center, http://www.pewresearch.org/Millennials/ Millennials entering workforce in record numbers __________________________________ by Harold Kramer • May 1, 2014 __________________________________ So-called “Millennials,” defined recently by Pew as being born between 1977 and 1992, will soon become the largest generation with the highest total spending power in history. They have already become a significant percentage of the workforce. What does this mean for managers? Well, generations—much like people—have personalities. And as any good manager knows,
  • 2. managing personalities comes with the territory. Research shows that this generation tends to be liberal, upbeat, open-minded, self-expressive, and confident. Perhaps overconfident. According to Jerome Klein, a manager at a mid-sized brokerage firm, “Millennial workers tend to seem less respectful of their more seasoned colleagues, and they often feel uninterested in following in the footsteps of their superiors.” “They can be aggressive in getting what they want, and their idea of mentorship differs from traditional models,” says Klein. Indeed, a Millennial’s idea of a mentor relationship may resemble Twitter conversations as opposed to anything long-term or structured. Their preference is short-term, informal
  • 3. guidance. This method of seeking guidance can feel insolent to those accustomed to traditional corporate hierarchies. “This tactic may have succeeded on supercharged university campuses or on the basketball court,” Klein explains. “But it could prove ill-devised when Millennial employees must work on age-diverse teams where their aggressive career goals may be intimidating or annoying to colleagues.” Klein suggests that managers take advantage of this enthusiasm while taking care to avoid conflict that might be caused by the perception of this enthusiasm. There are many positive aspects of the influx of Millennials in the workforce, including their
  • 4. diversity. As compared with previous generations, Millennials are more racially and ethnically diverse, and are far less religious than their predecessors, and they’re on track to be the most educated generation in American history. So if you find yourself managing Millennials—and trust me, you probably will—take advantage of their positive traits and reap the benefits of their enthusiastic tendencies. Just don’t forget to reign them in. —Harold Kramer is a staff writer for The Ledger http://www.pewresearch.org/millennials/ C3 © 2014 Data retrieved from Ernst and Young, http://goo.gl/8pK4wo Monday, May 5, 2014
  • 5. Managing a multi- generational workforce. By Samantha Lee A new study shows a momentous shift in both Generation X and Millennials moving into various levels of management positions over the past half-decade. Add to this the strong presence of Baby Boomers, and it becomes apparent that the American workforce today is a veritable melting pot of age demographics. In a survey of more than 1,000 US companies, results show that each generation has its own strengths and weaknesses. The data is potentially of great importance to those who find themselves in the position of managing this cross- generational mix. The majority (75%) of respondents who identified as managers said that supervising multi-generational teams poses some significant challenges. The study broke down the perceived strengths and weaknesses of each generational group, and this data could prove useful for those who find themselves in this kind of management position. Below are the study's findings on the
  • 6. strengths and weaknesses of Millennials, Gen X-ers, and Baby Boomers, respectively: Strengths: Millennials are viewed as the most tech-savvy who know how to use social media to their advantage. These younger workers are also viewed as being the most "enthusiastic" about their jobs. Weaknesses: Millennials scored the lowest on being a "team player," "hardworking,” and "a productive part” of the company. Strengths: Gen X-ers were perceived as the best managers. They also fared best when it comes to generating revenue, being a problem-solver, and having good team- working skills. Weaknesses: Gen X-ers scored the lowest in terms of being cost-effective. Simply put, they get paid the most on average. Strengths: Baby Boomers ranked the highest when it comes to being a productive part of their companies. They also ranked high in terms of being "hardworking,” a "team player," and mentoring others. Weaknesses: Boomers ranked lowest with regards to being “adaptable.” It is of course important to avoid stereotyping or overgeneralizing. Still, any
  • 7. good manager knows the importance of managing personalities, and consideration of this kind of data is a great place to start. Samantha Lee is a staff writer for The Examiner. [email protected] http://goo.gl/8pK4wo