Millennials and Gen Z are not the same as Gen Y - how to unlock their potential
Jul 31, 2024Unlocking the Performance Potential of Millennials and Gen Z in Your Team is like a secret sauce. Imagine tapping into the youth, boundless enthusiasm and energy of people who can party all night and not need 3 days to recover.
By 2025, Millennials and Gen Z are set to dominate the workforce, making up a whopping 75%. As a senior leader, you're not just managing a team; you're leading a generational shift. These aren't just workers—they're changemakers, and they're bringing fresh expectations to the table.
Here's where it gets interesting: Millennials and Gen Z are not the same as Gen Y.
Here's the Key Differences:
- Career Pathways: They don't want to climb the ladder—they want to explore the whole building. These generations thrive on diverse experiences and crave roles that offer broad learning opportunities. Think beyond the traditional career ladder and offer stretch projects and cross-functional assignments that build new skills.
- Purpose Over Paycheck: They’re not just looking for a job; they’re looking for a mission. Millennials and Gen Z prioritise organisations that align with their values and have a clear social impact. Make your company’s mission loud and clear, and show them how their work contributes to something bigger. This is your chance to build loyalty and engagement like never before.
- Instant Feedback Loop: Forget annual reviews; these generations crave real-time feedback and transparency. They want to know where they stand and what’s next. Regular check-ins, open dialogues, and clear expectations are not optional—they’re essential.
So, how do you lead them effectively?
- Flexibility or Bust: It’s not just about offering remote work as a perk; it’s a baseline expectation. If you're not providing flexible hours and work-from-anywhere options, you're not even in the game. These generations value their freedom and autonomy—don’t box them in. Equally, if you aren't comfy leading them remotely, ask yourself why and we can help.
- Leverage Their Digital DNA: These folks grew up with smartphones and social media. They don’t just expect tech-savvy tools; they live and breathe them. Use cutting-edge collaborative platforms that let them work smarter, not harder. It’s about harnessing their natural comfort with technology to streamline workflows and supercharge productivity.
- Innovation or Stagnation: Forget about simply 'welcoming' new ideas—expect them. Create an environment where they can throw wild ideas at the wall and see what sticks. Let them lead projects, experiment, and even fail. This isn’t just about creativity; it’s about giving them the keys to drive innovation and feel truly invested in their work whilst grazing their knees and not breaking their legs.
Here’s Your Challenge: If you're still leading like it's 2010, you're missing the boat. The old playbook doesn’t work anymore. Millennials and Gen Z demand purpose, flexibility, and innovation—and it’s on you to deliver. The next generation of leaders isn't just asking for change; they're demanding it.
One of the optional elements in the Ways of Working (WoW) program is "The High Performance Multigenerational Team," and it's your go-to for navigating this shift. This isn’t your standard training. It's a deep dive into building a high-performance culture that resonates across generations. It's time to step up, adapt, and lead in a way that truly resonates with today’s workforce.
Ready to make the shift? Let's do this.
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