Podcast Episode #4:
Train & Retain Millennial Employees
Overview of Episode #4 ---
- Who is a Millennial and how this research was conducted.
- The top motivators and driving forces for this Generation.
- What they want.
- 8 tips for managing, training and retaining Generation Y
Interviewing: Bette Price, The Price Group Leadership
Topic #1 - Who's a Millennial and How This Research Was Conducted:
Timing on Recording: @ 7:45 ---
- Millennial/Generation Y - Employees born 1978 - 2000. (People as young as 15 and up to 37 years old)
- Research: Two years, over 500 Millennials who were college graduated and working
in their careers. Included: surveys, assessments, one-one interviews
and focus groups.
- Recap of Bette's Research: GenBlending
Topic # 2: Top Values and Driving Forces
Timing on Recording: @ 16:30 ---
- Top Motivators for this Generation:
#1 - Utilitarian/Economic - The Business Person - A focus on getting results and return on investment. "If I put my time in and I want good results. I want to make things better."
#2 - Social/Altruistic - The Serving and Helping Others driver - A focus on the inherent and genuine caring of other people. "very team oriented and collaborative."
#3 - Theoretical/Knowledge - The Learner - A focus on gaining knowledge and learning. Knowledge sponges.
- I want to get results so I can do things for the people I care about.
- Related Podcast: MORE Motivation
Topic # 3: What They Want...
Timing on Recording: @ 19:10---
- Do not put me in a box.
- Give me experiential learning. (Not just book learning.)
- Eager to contribute - but let me know how what I am doing to contribute to the big picture.
a flattened organization where they can make an impact and not be "put
in a box". Highly structured, large organizations are less appealing.
# 4: How to Manage the Millennial Employee
Timing on Recording: @ 31:15 ---
ONE THING YOU CAN BEGIN DOING RIGHT AWAY: Get the know them, ask about
their personal life, engage frequently, get to know who they really are
and allow flexibility.
- Top Tips:
- Time is clockless - what counts is results. Give me flexibility.
- Trust is a must.
- They want balance and will create it.
- Do not micromanage. ("Do you not trust me?")
- Give me feedback.
- If what you say in the interview does not match my true experience, when on the job, I will leave.
- Ask me what I think. I want to be involved.
- I want to feel valued.
How To Connect With Bette Price:
Related Podcast: MORE Motivation
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