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How Leaders Can Prepare for the Future of The Workplace: Forbes Mentor Week

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DIANE HAMILTON, PHD

The Future of the Workplace as Boomers Leave and Younger Generations Replace Them

WHAT WE’LL TALK ABOUT TODAY

•Current Workplace •Understand and Embrace Change•Future Workplace•Education, Training, and Management

CURRENT WORKPLACE

GENERATIONS WORKING TOGETHER

• Four Generations Working Together• Embrace Interpersonal Skills • Emotional Intelligence

BOOMERS IMPACT ON WORKPLACE

• Number of Boomers• When will they retire?• What will they leave behind?

MILLENNIALS’ IMPACT ON WORKPLACE

• How many are there?• Misconceptions of them.• Top 10 Words or Phrases to Mind to Describe

Millennials

FAMILY FEUD GAME: MILLENNIALS: SELF-SELECTED DESCRIPTORS

• Friendly 85%• Open-Minded 81%• Intelligent 80%• Responsible 73%• Thoughtful 73%• Caring 71%• Fun-Loving 65%• Independent 63%• Creative 62%• Curious 59%

DISTINGUISHING DIFFERENCES: IS THERE A CLASH?

• Distinguishing Differences – Is There a Clash

BOOMERS VS. MILLENNIALS MYTH GAME

• Boomers vs. Millennials Myth Game

BOOMERS VS. MILLENNIALS MYTH GAME

• Myth or Truth?• Younger Generations Have No Work Ethic or are Lazy

BOOMERS VS. MILLENNIALS MYTH GAME

• Myth or Truth?• Millennials Don’t Respect Authority

BOOMERS VS. MILLENNIALS MYTH GAME

• Myth or Truth?• They don’t want to grow up.

BOOMERS VS. MILLENNIALS MYTH GAME

• Myth or Truth?• They are tough to recruit

BOOMERS VS. MILLENNIALS MYTH GAME

• Myth or Truth?• They are Self-Involved and the “Me Generation”

BOOMERS VS. MILLENNIALS MYTH GAME

• Myth or Truth?• Let’s go with a Boomer possible myth – Boomers can’t

retire early

BOOMERS VS. MILLENNIALS MYTH GAME

• Myth or Truth?• Let’s go with another one about Boomers – Boomers are

Technologically Challenged

UNDERSTAND AND EMBRACE CHANGE

• Proactive Skills• New Gens• Experience May Be Useful• Communication Changes• Intergenerational Transition• Changing Leadership Styles

PROACTIVE SKILLS

• Proactive Skills

NEW GENS

• New Gens

EXPERIENCE MAY BE USEFUL

• Experience May Be Useful

COMMUNICATION CHANGES

• Communication Changes

INTERGENERATIONAL TRANSITION

• Intergenerational Transition

CHANGING LEADERSHIP STYLES

• Changing Leadership Styles

EMBRACING ENTREPRENEURIAL THINKING

• Entrepreneurial Thinking Embraced

CHANGES IN TYPES OF JOBS

• Changes in Types of Jobs Available

JOBS THAT ENDED WITH OLDER GENERATIONS

• Jobs That Ended with Older Generations

DEGREE OR NOT DEGREE

• That is the question• Pick and Choose• Certifications• Specialized Institutions

MANAGING FUTURE GENERATIONS

• Managing Future Generations

STORING KNOWLEDGE FROM PAST GENERATIONS

• Storing Knowledge from Past Generations

CONCLUSIONThe Key is to Have Vision

QUESTIONS

REFERENCES