Managing Millennials, Millennials Managing
The arrival of Millennials in the workforce presents as both a challenge and an opportunity. Unlike the Gen-Xers and the Baby Boomers, Millennials generally develop certain work characteristics and tendencies from doting parents, structured and stable lives, and contact with a great diversity of people.
Calent3’s was recently involved in the dinner and networking dinner event – “Managing Millennials, Millennials Managing” hosted at CPA Australia (Singapore Office) with participating alumni including Curtin University, Macquarie University, Queensland University of Technology, RMIT University, University of Adelaide, Murdoch University, Deakin University, and Edith Cowan University. The event was a great success with active involvement from the participants, gaining a great deal of valuable insights from the discussion.
Some insights gained from the discussion includes:
- 91% of Millennials are expected to stay in their current job for 3 years or less
- Millennials challenge hierarchical structure and seek to establish rapport and a friend- or family-like relationship with their superiors.
- Millennials seek to enjoy the fruits of short-term wins and are not long-term oriented.
- Millennials measure ability by tasks accomplished and not time spent in office.
- Millennials want to know WHY.
- Millennials value a social and fun workplace.
- Millennials value career progression opportunities more than monetary benefits.