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© Global Foresight 2013 all rights reserved www.global-foresight.net mohara@global- foresight.net Geeks, not Geezers- Millennials On the Rise Their Future Will Not Resemble Your Past’ Mary O’Hara-Devereaux, Ph.D

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Page 1: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Geeks, not Geezers-Millennials On the Rise

‘Their Future Will Not Resemble Your Past’

Mary O’Hara-Devereaux, Ph.D

Page 2: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

The Millennials-Raised by Soccer

Moms

Page 3: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Smart, Savvy and Spoiled-Smothered in Possibilities

Baby on board-Have you hugged your child today? Coddled and directed by their ‘active’ parents. Lived scheduled,structured lives. Busy generation Like and feel close to their parents whoever they

are. Immersed in a digital world. Most highly educated generation ever. Global citizens. Grew up in a multicultural context. New economic opportunities abound. Terrorism all around-Columbine to 9/11.

Page 4: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Millennial Profile

Born 1980-1995 70 Million *Millennials, Gen Y, Echo Boomers, Nexters, Net

Generation, Hip Hope Generation, Sunshine Generation,

Heroes-parents, ordinary people, a few celebrities.

Embedded in social networks Beyond Geek-technology an extension of their

bodies. ‘What’s in it for me?’

Page 5: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Millennial Seminal Events

1995-Internet takes off. Columbine Dot Com Era-Boom and

Bust Google Glass Ceiling Commission TV Talk Shows-about

everything

NAFTA Decade of Mergers 2001-September 11th

Iraq War Don’t ask, Don’t Tell. Gay

Marriage Controversy Rise of China My Space

Page 6: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Adult-o-lescence

Peter Pandemonium Delayed adulthood—to late twenties. Leave home later/ return home to live Marry later—if at all First child later First jobs are not too meaningful-

experimenting

Page 7: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Millennial Comparison with Gen X

Gen X Often cynical Prefer solitary work Often pessimistic Technology masters Exclusive

Millennial Usually open minded Prefer teams Optimistic Tech ubiquitous-

extension of bodies Inclusive

Page 8: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Sibling Rivalry with Lots of Common Ground

Time currency Palpable impatience Work is for self expression Multi-taskers Many possible lives Grab the brass ring first time around Re-boot if things don’t work out Get best ideas in action not reflection Don’t trust institutions, politics

Page 9: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Myths, Magic and Mentoring a

Generation Apart

Page 10: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Conventional Wisdom-Millennials

Today’s Kids are going to hell in a hand basket.

Today’s kids are violent. Use more drugs/ more teen pregnancies Gen Y is just Gen X squared. No work ethic No respect for authority Not loyal Need constant praise

Page 11: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Magical Thinking

Peter Pan-Delayed adulthood. Households are communication zones and

refueling stations. Immediate gratification always. Change the world.

Page 12: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Millennials at Work

Want to start at the top-do not want menial tasks

Learning all the time Multi-tasking-hard to

maintain focus on one thing

Do the work better, faster than co-workers

Entrepreneurial spirit; re-boot quickly

Tolerant

Direct, uninhibited communication

Work should be fun, gyms, Email/text not talk-even to

the person next to you Embedded in their social

networks Need frequent rewards,

feedback Co-workers as buddies Time not money

Page 13: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Be the Leader

Want their bosses to lead not be their friend Get to know them as a person Do what you say, have character Clear straight forward language; concise

directions Paint the picture of how they fit in-their role Don’t make assumptions Negotiate don’t dictate Reward and celebrate success frequently

Page 14: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Messages that Motivate

You’ll be working with other bright creative people.

You will gain skills that prepare you for your next job.

You can be a hero here, help turn this company around.

Your boss will be your advocate.

Page 15: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Best Practices-Recruiting

Peer to peer recruiting. Listen more, talk less. How they can contribute to a greater goal. ‘We encourage you to have a life’ How you are ‘green’. Crucible for their learning Meritocracy-can move up fast Get to know their Boss before signing up

Page 16: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Best Practices-Retention

Socialization of employees with each other Advocate Program-What do you need?

How can we help you achieve your goals? Create with them ‘Project Me’

Reverse mentoring from them Spot rewards Try to keep them for 3 years Millennial Council to CEO

Page 17: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]

Best Practices-Rewards

Time off! Extra vacation-earn another hour+ of

vacation-accumulate up to 1 or 2 days. Ask how do you want to be rewarded?

Give, create a list with them—manicure, golf, massage.

Paid time off to be spent at a non profit? Small frequent rewards.

Page 18: © Global Foresight 2013 all rights reserved    mohara@global-foresight.net Geeks, not Geezers- Millennials On the Rise ‘ Their

© Global Foresight 2013 all rights reserved www.global-foresight.net [email protected]