Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Business leaders I talk with are perplexed—even agitated—by the attitude of entitlement that seems to have overtaken the Millennial generation (those born after 1980). To get a first-hand look, I spent a day shadowing 12 young, professional millennials.
We sat around a conference table for an hour and talked about what motivated them, how work compared to college, their take on achieving work-life balance, and so forth. Then I spent 30 minutes with each of them. We crammed into their work spaces as they handled incoming client inquiries and talked as they went about their work. Here are four surprising things I learned that I think will strike a chord in any business.
1. Autonomy breeds commitment. One big difference between university life and the world of work: They had more autonomy at school. "In school, you get to pick your term paper topic. Here, they give you the topic." Finding ways of giving this group some say in their work can be a big motivator.
2. Engagement is more important than recognition. The way this group feels appreciated is to be asked for their ideas on a problem. They’ve had it with gold stars.
3. High performers don’t multitask. We tend to think of this group as the ones who did homework, watched TV, and IMed, all at the same time, as they were growing up. Maybe they did. But the people I met with had developed their own ways to minimize multitasking: checklists, noise-canceling headphones, and limiting their access of personal e-mail and Facebook to breaks.
4. Sometimes young people really do know what they’re talking about. These days the resumé of the average 25 year-old has some pretty eye-popping things on it, especially if you compare it to the resumés of today’s 50-year-olds when they were 25. Maybe more people should be asking Millennials what they think.
Richard C. Harris, PhD
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.