“For over 90 years, The Conference Board has created and disseminated knowledge about management and the marketplace to help businesses strengthen their performance and better serve society. The Conference Board operates as a global independent membership organization working in the public interest. It publishes information and analysis, makes economics-based forecasts and assesses trends, and facilitates learning by creating dynamic communities of interest that bring together senior executives from around the world.” (From Conference Board Website)
On Tuesday January 5, 2010, The Conference Board released the results of a survey that indicated the lowest level of job satisfaction among American Workers in the last 22 years. Survey results showed that only 45% of Americans are satisfied with their work. What is even more significant is that 64% of workers under age 25 are unhappy in their jobs. In some workplaces, it is challenging to work and play well with others on a good day; it is particularly difficult to do so when you hate your job.
The last time job satisfaction was this low was back in the late 1980′s when most American workers were experiencing the results of the Reagan Administration’s “trickle-down economics”. And on October 19, 1987 (Black Monday), the Dow Jones Industrial Average dropped 508 points or 22.61% in ONE day. It was also a period that saw the beginnings of process re-engineering in which American Corporations began to systematically eliminate something called “non-value-added jobs”. The pessimism that stemmed from both events certainly took its toll on job satisfaction.
One of the conclusions of the current study is that this level of job dissatisfaction it could stifle innovation and hurt American industry’s competitiveness and productivity. And it may lead to older workers being less likely to share their knowledge and experience with younger ones. I find this last statement to be the most disturbing.
Jason Dorsey, the self-proclaimed “Gen Y Guy” talks about the fact that Gen Y does not want the Baby Boomers to retire because they know things Gen Y does not – like long division and state capitals! Now Jason’s talks are very entertaining and everyone usually has a good laugh. However, the reality is that Boomers do know things that Gen Y does not that directly impact the sustainability of American business organizations. If that knowledge transfer between the older and younger workers does not occur, it will be difficult for companies to continue to move forward. Yes, Gen Y workers seek the opportunity to “show what they can do”, however, if they lack an understanding of the context of how a company works and the rationale for why things have occurred in the past, they may truly be “rebels without a cause”.
Play Nice with Others: How to Work with Generation Y
This is a guest post from Matt Cheuvront and is part of the Guest Blog Grand Tour over at Life Without Pants. Want to learn more about Matt Cheuvront & see how far the rabbit hole goes? Subscribe to the Life Without Pants RSS feed & follow him on Twitter to keep in touch!
Greetings from an over-entitled, conceited, Generation Y know-it-all! Nice to meet you , I’m the twenty-four year old guy on your team that Bossman just brought on board and you’re not quite sure how to work with¦
I get it , I understand that Generation Y gets a bad rep. We’re not willing to settle , we are habitual askers of “why” and we always want our work to have meaning , and yes, sometimes we think we’re smarter than you and don’t give you enough credit where credit is due. But hey, maybe we deserve a little respect as well.
Inter-office politics are never fun , I’ve seen my fair share of drama and gossip in the workplace, even in my short term in the “career world”. It can get ugly, even uglier when you don’t take time to understand what your team wants and needs, and how to best get everyone working on the same bandwagon together.
For what it’s worth , I’m here to help , I’m here to tell you that all youngin’s like me aren’t that bad , that we can bring a lot to the table , but we want you to bring just as much. Here are three MAJOR points to focus on when working with the Generation Y community.
Stop stifling our creativity
Four words: Micromanagement sucks, encourage innovation. People my age want meaningful work , we want something we can invest our all into. The minute you start breathing down our neck , the minute your stop trusting us to do good work , is the minute that trust is breached and the creative juices come to a screeching halt. This isn’t so much a Generation Y thing as it is an “everyone” thing. When you hire someone , you hire someone assuming you can trust them to do their job, right? So what’s the point in hand-holding and micromanaging every step of the way? Loosen the reigns a bit and, until you have to, give your team some freedom to think creatively, set goals, and meet them on their own.
We want to learn from you
We’re young, we’re brash, and we think we know everything. Well heads up , we don’t. Not at all. And to top it all off , we actually want to learn from you. Generation Y (speaking collectively here) is hungry for knowledge , we read , we blog , we network with others, and for what? To learn – challenging ourselves to try new things and think in new ways. So when you bring us on board, you’ve got to be willing to help us learn. Not only will it help someone like me mature and grow into the role , it will help you by developing your team , setting them up for long term success. Don’t shrug us off as know-it-alls, be open to helping your younger team members learn and grow.
We’re the same as you
Really , I get tired of hearing that Generation Y is so different , that we are the ones who want meaningful work, wanting to be trusted and craving freedom. Come on…that isn’t Generation Y, that’s everyone. This post isn’t even about Gen Y (are you starting to get it now?) , it’s about effectively running any business with any demographic. The number one way to build a successful business is to establish outstanding relationships , both internally and with your clients/customers. And every relationship starts with trust. You trust me , I trust you , and we all live happily ever after.
What thoughts do you have about Generation Y in the workplace? Do you have any examples from experience?