Millennial's in Manufacturing Presentation
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Transcript of Millennial's in Manufacturing Presentation
Who are Millennials? (Gen Y)• Born after 1980• Tech-savvy• Confident• Connected• Independent• Self-expressive• Open to change• Pop-cultured
40 %of Millennials are of minority or racially-mixed.
Technology
“It’s not so much that Gen Y’s are tech savvy — they’re tech dependent. “ - Aaron Kesher 2011 Society for Human Resources Management Annual Conference
35+ are Digital Immigrants
Digital Natives
Education
• On pace to be the Most Educated
• In 2008 - College Enrollment Hits All-Time High, Fueled by Community College Surge
• 89% Latino young adults say that a college education is important, yet only 48% plan to get a degree
Challenges
• Millennials need to be Unique• Less priority on Work Ethic• Long-term Loyalty to the same company
http://www.pewsocialtrends.org/files/2010/10/millennials-confident-connected-open-to-change.pdf - pg 20Pew Research Center
Opportunity
• younger members focus on : the opportunity to lead, the opportunity to learn, and the opportunity to make a difference.
• Younger generations also want to associate themselves with an organization that is making a meaningful difference,
Belonging
Spontaneous Group Creation – Facebook, Twitter, Meetup
“The behavioral differences between a 20-year-old and 60-year-old are age differences. However the decision to join, or not to join, an association isn’t an age difference. It’s a generational difference…”
Younger people seek and demand a return for membership, including tangible services, high levels of accountability, identifiable advantages, a sense of community…
Labor Union Membership Decline (Bureau of Labor Statistics)
1982 - 20.1%2013 - 11.3%
Manufacturing & Labor Unions should be concerned about the value they are providing members/employees
Pay Expectations
http://www.pewsocialtrends.org/files/2010/10/millennials-confident-connected-open-to-change.pdf - pg 25, 27Pew Research Center
2X Young employees expect to move up the ladder quickly.
http://www.pewresearch.org/quiz/how-millennial-are-you/
Take the Millennial Quiz
Sources
1. http://www.pewsocialtrends.org/2010/02/24/millennials-confident-connected-open-to-change/2. http://www.redfusionmedia.com/arc_managing_generation_Y_millennials.htm3. http://www.pewsocialtrends.org/files/2010/10/millennials-confident-connected-open-to-change.pdf4. http://www.pewsocialtrends.org/2009/10/29/college-enrollment-hits-all-time-high-fueled-by-community-college-surge/5. http://www.pewhispanic.org/2009/10/07/latinos-and-education-explaining-the-attainment-gap/6. http://www.pewresearch.org/quiz/how-millennial-are-you/7. The Evolution of Member-Based Associations – Gen X and Millennials – Andy Narrai http://www.trefoilgroup.com - 11/20138. http://www.inma.org/blogs/earl/post.cfm/how-publishers-can-embrace-digital-natives-and-digital-immigrants9. http://www.bls.gov/news.release/pdf/union2.pdf
Copyright 2014 – Jonathan M. Burgess MBA – RedFusion Media, Inc.
www.google.com/+jonburgesswww.twitter.com/jonburgess | www.twitter.com/redfusionmediawww.redfusionmedia.com