Harnessing the Potential of the Millennials in the WorkplaceAge diversity in the workplace and what it means

By Sandra Yaworski

Generation Born During Age in 2016

Stereotypically Known for:

Baby Boomer

1945 to 1964 52 to 70 yrs

Achievement and financial orientation “self absorbed, workaholic”

Gen X 1965 to 1980 36 to 51 yrs

Autonomy, productivity, adaptability“work–life balance”

Millennials 1981 to 2000 19 to 35 yrs

Entrepreneurial, global awareness, socially connected, technologically savvy, creative, collaboration (team)“selfish, self-entitled”

The Generation Segments

31% 34% 37%22%50%20%

Demographic Shift - 2014 versus 2020

Source: Statistics Canada Labour force survey estimates (LFS), by sex and detailed age group

Baby Boomers Gen X Millennials

2014: 1st time millennials outnumbered baby boomers and Gen X in the workforce.

Needed to foster & transfer cross generational knowledge

Our next leaders as boomers retire. They have been waiting for their turn.

Expect more from their employers than previous generations – “Show me why I should work for you!”

Millennial Agenda• Collaboration / working

on teams• Entrepreneurial mind /

ambitious• Values based• Technologically savvy• Creative / Innovative

Millennial Advantage

• Social & Environmental conscious employers

• Meaningful work• Personal growth /

Mentorship• Technology to be

present• Work anytime /

anywhere

Strategies to attract Millennials• Non-standard work hours• Remote work• Any device

Clear career paths

Flexible work environment

• Meaningful work – tied to purpose• Ongoing Training • Mentorship

Team based work

• Allow different teaming models • Exposure to all parts of the organization• Several projects with opportunities for

leadership

Make it fun• Cool and immediate rewards for small successes• Freedom / flexibility in type of work• Activities to socialize with co-workers

R U RDY?Do you have a

transition plan?Need Help?