Some days it feels like this -Danielle
Lidos: Facebook Is The Secret To Motivating Millennial Workers -
Unless you’ve been living under a rock, you’ve probably been inundated with news about Facebook.
But if you’re like a lot of employers, you’ve had Facebook fatigue for a while. The fact that your 20-something, or millennial, employees are logged on to the site during work hours drives…
Millennials paralyzed by choice -
By Priya Parker – Special to CNN
If January is when the old guard gathers in Davos, Switzerland, March is when the new guard descends on Austin, Texas. At a time of crisis in America, Europe, the Middle East and beyond, a group of tech-savvy do-gooders meets, greets and tweets at South By Southwest.
The conference has experienced a surge in popularity in recent years, exploring questions well beyond the sphere of technology. The several hundred panels and featured sessions for this year’s SXSW Interactive tend to reflect the current concerns of the rising elite. In this post, I’d like to add one concern to their list: Can the avid, accomplished doers at SXSW show the way for a rising generation of Millennials who are all too often afraid to fulfill their potential as leaders?
I run an advisory firm that works with leaders young and old to conceive and implement bold, authentic visions. As part of that work, I recently completed a year-long study of the values and behaviors of the world’s next generation of leaders – the most talented, educated, capable Millennials. I was curious about how this rising cohort of leaders makes decisions and plots the future. I concentrated on dual degrees, or graduates of elite master’s degree programs in both business and public policy.
These are people in their late twenties and early thirties who have usually worked in both the public and private sectors, lived in multiple countries, and passed through some of the most prestigious organizations on earth (the Gates Foundation, McKinsey & Co., offices of prime ministers and presidents).
What I found was a rising generation of elite leaders who bring wonderful new gifts to the table – more empathy than their predecessors, more worldliness, more pragmatism for an angry, ideological age. But I also found my generation of young leaders paralyzed, hesitant, and unwilling stick their necks out and lead on the big questions of our time: how to build a more equitable and sustainable capitalism, how to manage the transition to a post-Western world, how to extend prosperity to developing countries without pushing the planet over the brink.
This generation is distinct from its predecessors in demonstrating new ways of leading: less top down and more lateral; less by command than by catalysis. Its members tend to believe that change is made by bringing out the best in others. It is also less ideological and dogmatic, and more empirical and pragmatic than the generation now in power. Its religion is not party or, frankly, religion, but rather “impact.”
This generation feels pressure to make a difference in the world, and is comfortable using the levers of business, public policy and civil society to do so. And they tend not to be satisfied with small, everyday impact. “For my Dad, it would be his patients,” one child of a doctor told me, when asked about definitions of impact. “For me, it’s providing health care to benefit the largest amount of people.”
But strange anxieties are getting in the way of these ambitions – none more prominently than something called FOMO. It is the “fear of missing out,” and it has been written about by others (including in an article about SXSW last year) as a phenomenon caused by social media. These media show them all the cool places they could be and cool things they could be doing, which always seem better than where they now are. However, my research shows that FOMO is leaking out of the technology realm and becoming a defining ethic of a new generation.
“Am I setting up my adult life to be the way that it could optimally be?” one of my subjects asked aloud, speaking of her general approach to life decisions. This subject explained how FOMO could even invade the pursuit of a spouse: “On the personal side, there’s this fear of ‘Am I committing to the right person?’”
Millennial Generation: More Conservative In Saving Habits -
For a generation that is often criticized for their coddled upbringing and conspicuous consumption habits, new findings suggest that Millennials are actually more conservative than their parents when it comes to spending.
According to a study that was conducted in February by Bankrate.com, fewer Millennials have more credit card debt than money saved for a rainy day as compared to the boomer generation.
Twenty-four percent of Millennials have more debt than savings, compared to 31 percent of boomers.
Don’t forget the obscenely high student loan debt totals.
Despite the many challenges American Millennials are facing, most are happy according to this survey:View more presentations from Joeri Van den Bergh
Do today's young adults not care about the environment? -
This story is about surveys that show today’s young people care less about the environment than their predecessors. What do you think?
The Vulgar Trader: The Go-Nowhere Generation, or, How The New York Times Can Just Go Smoke Cock Today -
I apologize for the rambling, block quote, and expletive laden make up of this post. I was just so overcome with rage by reading the opinion piece ”The Go-Nowhere Generation” that I had an aneurysm. The Atlantic has a nice rebuttal with graphs, I recommend that for purification purposes after…
(Source: The New York Times)
The worst generation?
You’ve heard the whining, now studies back it up: Gen Y workers are the pits
Gen Y workers get a bad rap in the workplace, with many a geezer complaining that their work ethic is less developed than their sense of entitlement. But is that really fair?
Yes, according to new research that’s yielded actual data to back up that notion.
In a series of studies using surveys that measure psychological entitlement and narcissism, University of New Hampshire management professor Paul Harvey found that Gen Y respondents scored 25 percent higher than respondents ages 40 to 60 and a whopping 50 percent higher than those over 61.
In addition, Gen Y’s were twice as likely to rank in the top 20 percent in their level of entitlement — the “highly entitled range” — as someone between 40 and 60, and four times more likely than a golden-ager.
Harvey’s conclusion? As a group, he says, Gen Yers are characterized by a “very inflated sense of self” that leads to “unrealistic expectations” and, ultimately, “chronic disappointment.” — http://www.nypost.com/p/news/business/jobs/the_worst_generation_ZHtISjvJY3GglWGTlWa0gO
For Millennials, It’s More About Personal Style Than Luxury
Couples want their nuptials to reflect their particular story, and brands are adapting marketing campaigns to account for a new set of tastes and needs. Instead of traditional must-haves like engraved invitations or sit-down dinners, the millennials — people generally in their 20s — seek touches that showcase their interests and personal style.
The all-about-you brand approach can be found from the high-end jeweler Cartier, whose current slogan is “Your love is unique, so too should be your engagement ring,” to the affordable Michaels craft stores, which this year expanded their do-it-yourself wedding projects, urging people to “Personalize your special day your way.” — http://www.nytimes.com/2010/11/03/business/media/03adco.html
Are millennials cut out for this job market?
I hate to say it, but Americans might just need to “reboot” the millennial generation. This is the cohort of 50 million people now between 18 and 30, the children of baby boomers or older members of generation X. And as researchers and other experts have trained their attention on them, a profile has emerged: Speaking broadly, millennials are tech-savvy, highly educated and have incredibly high self-esteem even if they haven’t done much to deserve it. (To be sure, not every millennial is college educated and exhibits all these traits; we’re speaking broadly.) — http://articles.cnn.com/2011-08-05/opinion/navarrette.millennials.jobs_1_millennials-generation-college-students?_s=PM:OPINION