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Generation Y - How to coordinate them in order to be harmonious and deliver performance at their work place
Event Conclusions:
Craving to have a better understanding of this important issue, the subject of “Managing Generation Y” theme has transformed into a real and authentic subject of debate, a good opportunity for professional meetings, within the workshops organized in Bucharest by AIMS Romania and Dale Carnegie Training Romania.
Attracting mainly the representatives of the middle and top management of various key industries in Romania, such as Retail, Banking, Fast Moving Consumer Goods, Business Process Outsourcing or Pharmaceuticals, the bi-monthly meetings have revealed both interesting information and useful feedback for the organizers and guests. Starting from a theoretical framework based on interactive presentations and continuing with colloquial conversations and the sharing of opinions, the conclusions that were drawn in the end have proven to be more than useful and valuable in getting a better understanding of the representatives of the Generation Y.
In short, here are some of the most interesting issues that have resulted from the debates carried out along with the Romanian industry professionals:
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Gen Y does not have specific issues related to performance delivery.
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It appears that generation Y is not necessarily a majority segment in this industry, as there is a relatively large Gen X population.
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The organizations in this industry have struggled, in time, to keep their young employees, who sometimes tend to migrate from one organization to the next, for a better financial income.
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Gen Y tend to be multitasking, creative individuals, who need feedback `on the go`, who respect work, but who also value private life, who want to learn and to receive explanations.
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The stimulation measures that were taken into consideration into Pharma industry were mostly non-financial - training, promotion possibilities, internal contests, etc.
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Abstract: About Generation Y:
Managing Generation Y - a must for leaders
Generation Y or Millennials is a universal concept which revolves around that generation of young people born approximately between 1980 and 2001, a generation that is mostly represented by students or college graduates, mainly that particular “revolutionary” generation of young people and teenagers that is exposed, amongst others, to the new trends and lifestyles, but especially to new communication technologies. A generation that is obviously, but also unexpectedly, starting to be so different from its previous generation (for America - the `Baby-Boom-ers` or `Generation X`).
Generation Y is the most frequently encountered name in the academic works, however, teenagers themselves would much rather be called Millennials, Net Generation, Google Generation or iGeneration. It is an extremely numerous generation, that is strongly particularized at an ethnic and social-cultural level, including youth that, in most cases, is extremely well prepared and in which great investments have been made at an educational level.
As these young representatives of Generation Y are starting to join the groups of employees in numerous fields and industries on the market, an ever stronger need takes shape - to better understand what they are like and how they operate, what types of attitudes and professional contexts motivate and inspire them, how they can be determined and stimulated, in short - how can they be understood and coordinated by their employers. And all of these in order to deliver the necessary performance at their work place, and in order to be in harmony with their team and organization.
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