Source | LinkedIn : By Mrrinali Punj
The millennial are taking over. They’re the ones with creative ideas, with access to a lot of information and technology, they believe in work-life balance, they travel, they work hard and they party harder. They’re defying the rules. They’re pushing boundaries. They’re breaking stereotypes. The economists believe that the boom of start – ups will eventually die – out but I believe that with all the young talent available (and being continuously added) in the market , there are plenty hungry sharks out there (venture capitalists) around the world, that are waiting to leach over the next best idea – and so the world is only filled with possibilities, opportunities and ‘’no – limits’’ for this generation.
The millennial are taking over from the baby boomers (who are pushing their 50’s now). The baby boomers have seen a tough life. They’ve been pushed by their parents to partake in all merit based exams – either become IAS / IPS officers, doctors, engineers, lawyers or do their MBAs. It’s been a great run for them, and they’ve definitely accomplished a lot, but it is now time for the next – gen to take over. The generation that has been born to be competitive but in the same breath they’re so unflappable and lazily confident about it – you seldom see them stressing – they beat stress by playing a sport or hitting the gym – they’re aware and equipped to ”deal” with their problems and issues and work on themselves. They confuse the baby boomers. They work smart, and not necessarily as hard. The workplace has become a psychological battlefield and the millennials have the upper hand, because they are tech savvy, with every gadget imaginable almost becoming an extension of their bodies. They multitask, talk, walk, listen and type, and text. And their priorities are simple: they come first.
So the biggest dilemma that all HR heads are mulling over these days is – How do you motivate, train and sometimes nanny these extra – terrestrials that have taken over the work place?
You need them because they’re your future leaders.
The baby boomers need to be cognizant of the young leaders and their thought process, they need to focus more on ‘’how to coach this generation’’ as opposed to ‘’how to boss this generation’’. You cannot tell this generation – ‘You got to do this. You got to do this. You got to do this.’ They’ll feel claustrophobic and confused and will walk away. They’ll call your work place a ”bureaucratic” and hostile environment. And be vary of them because they’re the same kids that will post reviews on Glassdoor once they leave your organization. You have to speak to them a little bit like a therapist might speak to a patient, You can’t be harsh, you cannot tell them ‘’what to do’’. You can’t really ask them to live and breathe the company and ‘’fit in’’. Because they’re living and breathing themselves and that keeps them very busy. They have high expectations, from themselves and the people around them. If they’re not being challenged, directed by visionary people or being properly mentored – they’ll get disengaged and they’ll leave.
This generation has their priorities in place – if they’re not rewarded and recognized for their hard work, chances are they’ll pack their bags and leave. Reason being – they’re aware of the fact that there’s plenty opportunities out there, and even if there aren’t at the moment they’ll have the ability to ‘’create’’ their own opportunities – so instead of working mind-numbingly on someone else’s ambiguous direction and agenda, they would rather go to the next firm and might get paid less but work under a brilliant and more sought after leader who will help them grow holistically.
Organizations will have attrition in the age group of 25-32 if they’re not giving their young future leaders the space to grow. They need to re-work on the culture of their firms. And by that I don’t mean ‘’casual Fridays’’ or ‘’beers at 7pm on every alternate working Saturday’’ – those are just tick mark activities that this generation can ‘’see through’’.