tm webinar february_millenials2_24feb15

ENGAGING MILLENNIALS :SEPARATING FACT FROM FICTION

Monthly Webinar Series

February 24, 2015

2Topic Agenda

Item Time

(min)

Introduction 2

Who are the Millennials? Some (too) Common

Generalizations

5

Myth or Fact? What the TalentMap Research

Says.

10

A Conversation with Millennials 15

Implications for Engaging Millennials 5Norm Baillie-David

SVP Engagement - TalentMap

Monica Helgoth

VP Engagement - Western Region

Agenda

3

15 years in business

7,000+ employee engagement surveys

since inception

1,000,000+ employees surveyed

500+ employee engagement surveys

annually

Only 1 Focus

TalentMap by the Numbers

4Sample Clients & Benchmark

Award Programs Technology & Engineering Not-for-Profit & Association

Financial Services

Health Sciences

Other

The Millennials and Some (too) Common Generalisations

“The generation cohort after Generation X” – Wikipedia

Born early 1980s through late 1990s

Key socio-demographic/economic influences:

• Born shortly after 80s recession, witnessed 90s recession, part of dot.com crash

• Grew up with computers and Internet

• Earliest adopters of social media

• “A medal for everyone”

Who are the Millennials?

6

7

Tech savvy

High expectations: “they expect to be in the corner office in 18 months”

Don’t respect hierarchy

Need high amounts of feedback and recognition

Need work/life balance – not willing to “pay their dues”

Disloyal: Ready to jump at first opportunity

Some Common Generalisations (heard amongst TalentMap clients)

8

Myth or Fact?

TalentMap Research:96,312 respondents28,238 aged <35Last 5 years95% in Canada

9

Millennials who

Agree/Strongly Agree

29%

More Millennials are looking for or thinking of accepting a job with another employer

10

Aged 35+ who

Agree/Strongly Agree

21% F A C T!

Millennials Feel they have too Much Work

11

Millennials who

Agree/Strongly Agree(Amount of work required is about right)

65%

Aged 35+ who

Agree/Strongly Agree

61%

Fewer Millennials have Confidence in Senior Leadership

12

Millennials who

Agree/Strongly Agree(have trust and confidence in senior

leadership’s ability)

68%

Aged 35+ who

Agree/Strongly Agree

62%

Fewer Millennials find their work Challenging

13

Millennials who

Agree/Strongly Agree(My work is challenging)

65%

Aged 35+ who

Agree/Strongly Agree

77% F A C T!

Fewer Millennials are “Engaged” Employees

14

Millennials

70%

Aged 35+

70%

Millennials are just as engaged as everyone else!

They trust and respect senior leadership equally and “buy-in” to the vision

They are equally satisfied with performance feedback

The major difference between Millennials and the rest of us:

CHALLENGING WORK AND MAXIMIZING THEIR POTENTIAL!

The Facts don’t Lie!

15

A CONVERSATION WITH MILLENNIALS

16

Lauren Perron Mahendar Rawat Lisel Douglas

1. What are your expectations from an employer?

17

What do you think HR departments are doing right? And wrong?

(with respect to engaging the Millennials generation)

18

How can organizations keep you engaged, especially if there are few opportunities for promotion?

19

Implications for Engaging Millennials

20

Challenge them. Let them have impact and make a difference. All the research says they want to make a contribution.

Seek their input.

Provide lots of opportunities to collaborate

Best: Involve them in decision-making.• If not: Tell them why decisions are being made.

Like working with any other “culture” – Avoid stereotypes. Talk to them. Treat them as individuals.

Engage them like anyone else.

So, how do we Engage Millennials?

21

Event Format Topic Date

TalentMap Webinar Live WebinarOnline

Org vs Work Engagement In the Not-for-Profit Sector

Mar 3rd 12:00pm EST

TalentMap Webinar Live WebinarOnline

Employee Engagement: Maintaining Momentum – Part 1

Mar 26th

12:00pm EDT

2015 HRIA Annual Conference

Edmonton Getting Employees to Own Engagement

April 23/15

Conference Board“Engagement 2015”

Calgary NEW Research: 10 Years On –What Do We Really Know?

May 25th

Upcoming TalentMap Learning Sessions

THANK YOU!QUESTIONS AND DISCUSSION

23

Monica HelgothVP Engagement – TalentMap Westmhelgoth@talentmap.com1-888-641-1113, x515

Norm Baillie-DavidSVP Engagementnbaillie-david@talentmap.com1-888-641-1113, x504