Post on 02-Jul-2015
description
Millennial Presentation
Attracting and Retaining the Net Generation
Team 5 – Evan Krieg, David Klauss, Dewayne
King, Mark Ledbetter, Patrick Leitner
Team Members
Dewayne King VP and Regional Manager for the Fifth Third Bank
Evan Krieg Marketing Project Manager R&D Firm
David Klass Sales Manager for PACCAR Inc.
Mark Ledbetter Digital Channel Manager FedEx Services
Patrick Leitner Business Professional and MBA Candidate
Executive OutlineThe following presentation is a set of research findings and
outlined HR policies/guidelines for how to best manage the net
generation as well as the multi generational work force.
Attracting and recruiting net generation candidates
Leveraging the power and draw of technology
Managing the multi-generational workforce
Promoting work life balance for all
Attracting and recruiting net generation talent
requires HR to explore new recruitment channels
and move away from traditional stiff interview
processes.
Overview
Where would we target the net generation?
How would we target the net generation?
Key factors to attract top talent
HR - Recruiting
Where we would target Net Gen employees:
Since most prospective Net Gen employees
are actively engaged in social media, it is
important to advertise open positions on
sites such as Monster.com and Craig’s List.
To reach potential candidates who have a
consistent on-line presence, company
information and employment opportunities
will be advertised on Facebook and YouTube.
• New Social Channels
• Job Boards
• Forums
How we would target Net Gen employees:
Rather than simply inviting potential
candidates for interviews, we would
implement a strategy to have prospective
Net Gen employees who meet the criteria
we are seeking attend informational
screening sessions in which they can learn
more about company culture, mission,
business strategies and opportunities for
advancement to help ensure a fit for both
parties.
• Focus on being more
open
• Share company
culture, mission, and
strategies
• Informal and personal
interview process
Key factors emphasized to attract top Net
Gen employees:
As part of the recruiting strategy, it is imperative to incorporate core components which will appeal to Net Gen employees such as work life balance, open interviews in which candidates can invite their parents or spouse, structured mentoring programs and hands on management style which will ensure consistent feedback regarding job performance.
Although it requires a more complex and creative recruiting strategy to attract Net Gen employees who can be high maintenance, the value they will add to an organization and potential to be high performing, engaged employees are well worth the investment.
• Openness
• Core management
style alignment
• Extra curricular
programs
• Work Life Balance
Leveraging the power and draw of
technology is critical to recruiting and
retaining the net generation
Background
Learning Curve
Technology implemented into school curriculum
Variety of technologies need to be included
Everyday technologies used in workplace
HR - Tech
Telecommuting Advantages for Net Gen
Provides flexibility for employees
More attractive alternative
Net Generation starting families;
companies need to adapt
Increases overall productivity in many
cases
Efficient and Quicker Technologies
Instant messaging
Allows employees to receive information
right away
Video On-Demand
Used for training purposes
E-mail access on smartphones
Freedom to communicate outside of
brick-and-mortar office
Social Media Usage
Companies should allow employees to use social media at work
Net Gen employees seek out this type of work environment
Social media can be used to promote the company
Music streaming sites
Blocking “digital natives” drives away Net Gen employees
Managing the Net Generation must be adapted to
fit new beliefs and expectations
Overview
8 Net Gen Norms
Onboarding & Orientation
Daily work environment
Development Standards
Retaining Net Gener’s
HR – Mgmt.
8 Net Gen Norms
● Freedom
● Customization
● Scrutiny
● Integrity
● Innovation
● Collaboration
● Entertainment
● Speed
Onboarding & Orientation
● Clearly Communicate
Organizational Goals & Values
○ Appeal to Integrity
● Implement orientation program
for new hires
○ Focus on collaboration
Daily Work Environment
● ROWE (Results Only Work Environment)
● Casual Dress code
● Technology driven
● Flex Workspaces
Development Standards
● Provide clear, quantifiable, and quick advancement opportunities
● Set up a mentoring program
● Implement freedom initiatives
○ Greater flexibility after 2 satisfactory performance reviews
○ Compensation plans tied to market value and individual performance
○ No vacation limits if requirements are met
Retaining the Net Generation
● Allow opportunity for employees to share ideas
with management
● Focus on traditional and non traditional benefits
like job customization and entertainment
Work life balance is imperative for work force
management and there’s a wide gap between
the expectations of the net generation and
previous generations
Overview
Generational differences
Benefits programs
Community and sustainability
HR – Balance
Generational DifferencesNet Geners
Greater view of their role to make
the world a better place and expects
time to do that
Like to have leisure time integrated
with the day including games or
workout facilities
Enjoy rewards like lunch with the
CEO or other non monetary
experiences to better themselves
Don’t bother me if I’m not
in the office
Get in put your head to
the grind stone and get
home
Happy with a day off and
doesn’t see much value in
similar non monetary gifts
like the net generation
Time off is
always welcome
Enjoy giving back
to the
community
Benefits Programs
Benefits programs have changed significantly throughout
the years. Just recently Facebook and Apple offered
$20,000 to female workers to freeze eggs.
Traditional Net Gen
Comprehensive health, dental, and
vision covering the basics of life.
Little to no cost out of pocket with low
to medium premiums.
Comprehensive package however they
are now waiting later to have children
and expect cheap single coverage.
Will be accustomed to higher costs and
doing the leg work to find the best
price on procedures.
Community and Sustainability
The net generation expects corporations to go above and
beyond to be a good corporate citizen in the community
and world.
Employed adults who take part in
sustainability activity at work
Thank You for your attention
This concludes our presentation. We
hope you found the information
informative and welcome any questions
in the online forums