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How can workplaces attract and retain generation \’Z\’ members of the community to become future leaders”
Citation preview
Generation “Z” in
Workplaces
Presentation by
Neil Maclure
Jhg
“How can workplaces attract and contain generation 'Z'
members of the community to become future leaders”
Generation
_______________________________________________________________________
"Generation Z is one of the names used for the First World or Western generation of people born between the mid-1990s to late 2000s...
On the average they are highly connected
Many having had lifelong use of communications and media
technologies such as the World Wide Web, instant messaging, text
messaging, MP3 players, cellular phones and You Tube, earning them
the nickname 'digital natives‘
_______________________________________________________________________
Smarter change makers and
A new level of global awareness
Why are they
Age
They are the youngest generation but are being parented by older
parents (the median age of mother at birth of 1st child is approaching
31 and taught by older teachers (the median age of a school teacher
is 42) than ever before.
First generation to be born into a digital world
Life – Stage
They are the up-ageing generation.
They are growing up faster.
They are in education earlier
They are being exposed to marketing younger
And have access a wealth of diverse information at the tips of their
fingers
Times
First generation to be born into a digital world
They are registered to a social networking site even before birth and
gripping their first electronic gadget while toddling
The only generation so far that communicates and collaborate in real-
time regardless of physical location
Technology
They have only known this wireless, hyperlinked, user-generated
world where they are always only a few clicks from any piece of
knowledge
This internet-savvy, technologically literate generation have been
shaped to multi-task. They move quickly from one task to another
placing more value on speed than accuracy
Coming home to them means - graphical web browsers; laptops;
mobile phones; instant messenger services; broadband; wireless;
video games
They actively authors or contributes content instantaneously to web
sites and weblogs
Events
By 2020 generation Z will make up 36% of the workforce
They will be entering the workforce in an era of declining supply
For Gen Z the skills shortages, the ageing population and the global
demand for labor will continue to empower them
Statistics
60% are expected to complete Year 12
40% will go on to further tertiary study
72% want a career working with or involving “cutting edge of
technology”
65% believe careers that are technology-centered offer solid long-
term job prospects and importantly creatively.
Are highly career-focused, particularly Australian gen Z‟ s want to be
where the action is and for them being on the edge of technological
developments is most important to them.
Will be expected to work longer and have an average of five careers
and 20 different employers in their lifetimes
Traditional work environments will struggle to attract Generation Z
employees
Courtesy - McCrindle Research / May 2009
Where do they
What are their
Language Platforms
How Do they
Blogging and social
networking sites have
experienced explosive
growth over the past few
years
500
125 300
65
5th
Generation Z
“Want to Speak”
“Need for Community”
“Need for Branded Communities”
“Trusts Communities – Word of Mouth”
“Trusts Content on Branded Communities”
“Branded Communities – Influences their behaviors and decisions”
their
And Generation Z are the Drivers
So How Do We Attract Them??
With a Holistic Approach
4 point Strategic Convergence using the “Blue Ocean” Approach
Attract & Retain / Strategy
• compete in existing markets
• beat the competition
• explore existing demand
• make the value/cost trad-off
• align with differentiation OR
low cost
• create uncontested markets
• make competition irrelevant
• create & capture new demand
• break value/cost trade-off
• align with differentiation AND
low cost
RED OCEAN BLUE OCEAN
Strengthen the Employer Brand
Establish a Employer Brand (Online) Strategy (if not already existing)
Fine-tune the collection of ideas and beliefs that influence the way generation Z view‟s the
organization and the employment experience that the organization is offering
Consider investing in a website that concentrates on the coherent integration of corporate
messages simply, effectively & concisely.
Branded landing pages are an effective tool to establish depth to organizations and optimize
search results
Establish an Employer Brand Team
Employ an SEM / SEO Specialist to ensure that the brand is consistently and highly
visible in online searches to generation Z
Consider including an online editorial rich strategy by establishing blogs, RSS feeds,
Video clips & a photo online searchable archive
Ensure the values and attributes are conveyed in your hiring channels
Review the messaging on a quarterly basis
Conduct an annual -brand health-check' to measure the perceptions
Analysis
74% of all global organizations believe that the development of a strong employer branding
strategy leads to higher staff retention in the case of generation Z
54% of all global organizations believe that the development of a strong employer branding
strategy leads reduced recruitment costs
Recruitment should be viewed as an extension of marketing and organizations must have
clear online strategies to market the brand to generation Z
Effectively communication of the company's culture and values, helps to ensure staff are
passionate about, and fit in with the organization
Storytelling
Essentially all storytelling is a master form of marketing
Storytelling is the key to attracting the Generation Z members to leadership positions
This has been a vastly under used strategy because most of us are so intent on our
ongoing improvement efforts we rarely take time to celebrate by telling the positive,
detailed stories of success to the younger generations.
Providing access & mentorship to potential generation Z recruits with role models is crucial to
the marketing efforts
Attracting minorities and indigenous generation Z Australians requires an even greater
commitment to communication with local people and should be approached with a tailored &
targeted marketing approach rather than with a blanket approach
Social Media
Blogs, Podcasts, RSS feed news releases, online video sharing, virtual worlds and micro -
blogging have emerged as the preferred PR resources and are being consumed
predominantly by the generation Z
This medium of marketing effectively provides a unique opportunity to promote and reach this
new audiences and communicate in novel and direct ways
Especially “Blogs” can strongly influence search engine results and can drive high UB‟s / PI
traffic to important topics. Thus creating a strong marketing platform and awareness
(e.g.) It is now an accepted fact that the key reason for Obama success was his use of
the web to reach and galvanize support for his fundraising.
Technology Focus
A recent survey indicated that 72% of generation Z want a career working with or involving “cutting edge
of technology” because most believe that these careers offer solid long-term job prospects and
importantly creatively. Particularly Australian gen Z‟ s want to be where the action is and for them being
on the edge of technological developments is most important to them.
Given the above, all online or traditional media marketing / advertising strategy should
clearly be crafted around the organizations technical focus & prowess.
Future budgets should allow for investments in cutting edge technological acquisitions
& upgrades to equipment & all kit
Sponsor Annual Technology Fairs
Consider one off grants / discounts on work related technology purchases for personal
use (e.g. Laptops)
Technology that would attract Generation Z
Consider investing in Technology‟s
Consider deploying technology that „s badged as “Cool” by Generation Z
Training Academy / Institute
Provide customized programs to meet the needs of individual
Cross Training (inter- department) facilities – For career progression & ongoing staff
engagement / retention. Preferably courses should focus on new technology / trends.
Scholarship Programs
Introduce & provide (appx 200) university scholarships annually to students.
Other Programs / Events
Quarterly Environment / Green programs
Sponsor– Public awareness campaigns recognizing volunteers
Neil Maclure
Thank you…