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Managing demographics

Managing demographics. Gen Y Characteristics. Born 1982 + Tech-savvy Family-centric Achievement oriented (confident,questioning) Team-oriented (no person left behind) Attention-seeking (feedback, guidance). Gen Y ... Why they matter. Few of them Starting work now

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Managing demographics

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  1. Managing demographics

  2. Gen YCharacteristics • Born 1982 + • Tech-savvy • Family-centric • Achievement oriented (confident,questioning) • Team-oriented (no person left behind) • Attention-seeking (feedback, guidance)

  3. Gen Y ...Why they matter • Few of them • Starting work now • 1st native online generation • Get info at rapid speeds • Great expectations to get what want • Care about world & environment • ? Disengaged from politics

  4. Gen Y ...Smarter than those before? • Entitled to better life without working for it? • Or is WORK not #1 priority? • Do other things matter? Family v marriage v earnings v status? • Info-rich - aware other cultures value other things • Problem of managers managing different perspectives

  5. Gen Y ...Managing them! • Not enough numerically to replace retirees • Pick-and-choose where to go • Go where firms share same valuesWLB, CSR • Insists on electronic communication(social networking at work) • Educated to do teamwork, negotiation • Communication is strength

  6. Gen Y ...Managing them! • Used to positive constructive feedback • Expect managers to talk to them • Excel at multi-tasking • Used to collaboration & group activities from early age

  7. Changing demographics • Changing demographics • The work foundation2005 • 1000 respondents

  8. Conclusions • Working hours dissatisfaction – 50%+ • Overwhelming support for flexible working • Small businesses are good at flexible working • Creating a ‘career lay-by’, not a ‘career cul-de-sac’ • Not working’ is not a desired option • Gender gap • Generation gap • Employers and government should invest and legislate for change

  9. What is Success at work?

  10. Who gets to work flexibly?

  11. Survey life stages • Just started work; • Got young children; • Got older children; • Have eldercare responsibilities; • ‘Empty nester’ (40-50s/ no caring duties); • Aged 60 or over

  12. How people would like to work?

  13. Men& women @ different life stages

  14. 16-24 yo v 55+ @ different life stages

  15. Should we change the way we work?

  16. Barriers to change – social, organisations

  17. Who is responsible for change?

  18. Invest & legislate

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