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Gen Y Now: Millennials and the Evolution of Leadership

Gen Y Now: Millennials and the Evolution of Leadership

  • Author:
  • Publisher: John Wiley & Sons
  • ISBN: 9781118899465
  • Published In: May 2014
  • Format: Hardback , 336 pages
  • Jurisdiction: International ? Disclaimer:
    Countri(es) stated herein are used as reference only

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    Strategies for managing the real Generation Y

    A new generation of workers is forcing employers to rethink the workplace. Generation Y, or Millennials, bring new ideas, innovation, and energy as they enter the workforce AND their expectations and demands are unique. In Gen Y Now, top team leadership gurus Buddy Hobart and Herb Sendek explore all the myths about this up and coming generation and show you how Millennials can be your most creative, motivated, and loyal employees.

    This book goes from demographic research to concrete practice, explaining that Generation Y is more than we've been led to believe. They value authenticity, flexibility, and recognition. Using the strategies in Gen Y Now, you can hire and retain these demanding workers, and the payoffs could be huge.

    • Keep up with current trends and technologies to move your organization into the future
    • Attract the best young talent in preparation for the mass retirement of Baby Boomers and Gen X
    • Understand how demographic trends impact the way your intergenerational teams think
    • Inspire motivation in Millennial employees, reducing dissatisfaction and turnover costs

    There are 80 million Millennials, and they are transforming the modern workforce. Your organization stands to gain from Gen Y employee engagement—if you know how to achieve it. Gen Y Now contains the leadership strategies you need to manage and motivate the Millennial generation.

  • Introduction xvii

    Chapter one The Platform Is Burning 1

    Back to the Future 2

    The Time Is Now 2

    Leadership for a New Generation 3

    The Right Kind of Change 6

    Conclusion 8

    Chapter tWO For the First Time in History 11

    The Generations 12

    Why the Emphasis on Gen Y 13

    The High Cost of Turnover 14

    The Need to Retain Knowledge Capital 18

    Conclusion 20

    Chapter three Why the Negative Feelings Toward Gen Y: The Science 23

    Prejudices 23

    The Four Generations 26

    Overcoming Stereotypes 31

    Conclusion 34

    Chapter four Myths 37

    Myth 1: Gen Yers Are Slackers or Lazy 38

    Two Common Attribution Errors and the

    Rest of the Story 39

    Myth 2: Gen Y Needs Instant Gratification and

    Wants a Trophy for Just Showing Up 43

    Gen Y Loves More Feedback 45

    Myth 3: Gen Yers Are Disloyal and Job-Jumpers 49

    How to Inspire Gen Y 51

    Communicate the Big Picture 52

    Myth 4: Gen Y Is Self-Centered and Narcissistic 54

    Myth 5: Gen Y Is Pampered and Spoiled 56

    Authority Figure vs. Authentic Figure 60

    Myth 6: Gen Y Lacks Respect for Authority 64

    Myth 7: Gen Y Feels Entitled 66

    How You Must Deal with These Myths 70

    Conclusion 72

    You Have to Be a Role Model 72

    Do Not Lower Your Standards 72

    Chapter five Recession Generation 77

    Some of the Numbers 78

    Gen Y’s Response 80

    Gen Y’s Post-Recession Attitude 82

    Our Thoughts 84

    Conclusion 88

    Chapter six Key Skills 91

    Understanding Gen Y’s Eight Key Skills 91

    Key Skill 1: Gen Y Is Tech-Savvy 92

    Key Skill 2: Gen Y Is Diverse 93

    Key Skill 3: Gen Y Understands the Global Marketplace 94

    Gen Y Thinks Globally 94

    Key Skill 4: Gen Yers Have Good Self-Esteem 95

    Key Skill 5: Gen Y Has a Sense of Security and Is Ambitious 96

    Key Skill 6: Gen Y Has Life Experience in the Marketplace 97

    Gen Y Understands the Customer Perspective 97

    Key Skill 7: Gen Y Is Research-Oriented 98

    Key Skill 8: Gen Yers Are Problem Solvers 99

    Conclusion 100

    Chapter seven New Realities for Leaders 103

    Ten New Realities About Gen Y 104

    You Need to Enforce the New Realities 104

    Reality Change 1: Gen Y Is Delaying Marriage and Parenthood 105

    Reality Change 2: There Is No Stigma Associated with Moving Back Home 106

    Reality Change 3: When Gen Y Leaves, No One Is at Fault 107

    Reality Change 4: Gen Y “Leases” a Job; Not “Buys” 109

    Reality Change 5: Multiple Jobs Are a Badge of Honor 110

    Reality Change 6: Your Leadership Is Continually Being Evaluated 111

    The Triple Bottom Line 113

    Reality Change 7: Their Circle of Influence Is Also Watching 115

    Reality Change 8: The Extended Family Is Coming Back for Gen Y 117

    Reality Change 9: Gen Y Has a Vision for Themselves 118

    Identify Gen Y’s Personal Vision 120

    Develop a Shared Vision 120

    Reality Change 10: There Is an “Ambition Gap” Between Gen Y Men and Women 121

    Conclusion 124

    Chapter eight You Have a Personal Brand 127

    The New Leadership Brand Promise 128

    Some Examples 129

    What Is Your Leadership Brand? 130

    What You Do for Employees 134

    Better Leadership Works for Everyone 135

    Communication Fundamentals 135

    Choose Your Words 136

    Nonverbal Communication Counts 137

    Communication Involves Listening 138

    Conclusion 139

    Chapter nine World-Class Performers 141

    Skill 1: World-Class Performers and Leaders Use Performance Feedback or “Game Film” 143

    Skill 2: World-Class Performers and Leaders Turn Unconscious, Negative Tendencies into Conscious, Positive Choices 145

    Skill 3: World-Class Performers and Leaders Practice Energy Management 146

    Energy Waster 1: Why Can’t They Be Like We Were? 147

    Energy Waster 2: Why Do We Have to Change . . . Why Can’t They Change? 147

    Energy Waster 3: Defensiveness 148

    Energy Waster 4: Judging the Messenger 148

    Skill 4: World-Class Performers and Leaders Realize That What Is Required for Improvement May Be Counterintuitive 149

    Gen Y Wants Feedback 150

    Skill 5: World-Class Performers and Leaders Develop a Clear Vision 151

    Skill 6: World-Class Performers and Leaders Seek Out Coaches/Mentors 155

    Skill 7: World-Class Performers and Leaders Develop Tactical and Measurable Action Plans 157

    Skill 8: World-Class Performers and Leaders Recover from Losses Quickly 158

    Skill 9: World-Class Performers and Leaders Use Positive Self-Talk 159

    Conclusion 161

    Chapter ten Study Your Game Film: Knowing Personality Types 163

    A Lack of Self-Awareness 164

    It’s All Communication 165

    Leadership Is Communication 165

    People Are Different! 165

    Styles, Personality Profile, and the Four Generations 166

    Personality Theory 168

    The DiSCTM Personal Profile 168

    Primary DiSC Styles 169

    Leaders Communicate Effectively 173

    The Accuracy of DiSC Profiles 175

    Game Film for Leaders 175

    Vision 180

    Alignment 181

    Execution 184

    Building and Maintaining Momentum 184

    Providing Real-Time Feedback 188

    Self-Assessment 194

    Hiring 194

    Career Planning 195

    Team Building 195

    Flexible Leadership Style 196

    Preventing or Resolving Conflicts 196

    Game Film 197

    Conclusion 199

    Chapter eleven Emotional Intelligence 203

    Why the Interest in EQ? 204

    Three Ways to Define EQ 206

    Gen Y and EQ 208

    A Good Manager Needs to Have High EQ Social Skills 208

    Gen Yers Are Group-Oriented 209

    Self-Awareness 210

    “Analyzing” Yourself 210

    Self-Management 211

    Managing Others’ Emotions 211

    Conclusion 213

    Chapter twelve Addressing the Burning Platform: Change Management 215

    Improving Your Organization 216

    Your Organizational Assessment 217

    Survey Two Gen Y Issues 218

    Your Change Efforts 219

    Five Steps to Sustaining Change 221

    Keep Score 222

    Link the Front Line 223

    Rewards and Recognition 223

    Performance Management 226

    Implementing Change 228

    Vision and Strategy 228

    Organizational Alignment 229

    Workforce Enablement 230

    Sustainability 232

    Conclusion 234

    Chapter thirteen Attracting and Retaining the Talent You Want 237

    The Human Investment 238

    The Story 239

    The Moral of the Story 241

    Factory Settings 243

    Prepare Your Current Employees for Gen Y 245

    The Basics: Recruit for Your Brand 245

    Develop Specific Candidate Profiles 247

    Develop Accurate Job Descriptions for the Job Now 248

    Train Your Interviewers! 250

    Behavior-Based Questions Provide More Relevant Information 251

    Look for Real Situational Information 252

    There’s No Substitute for Reality 253

    On-Boarding: Have a Plan 254

    Have a Gen Y Mentor 255

    Communicate Your Expectations 255

    Expand Gen Y’s Horizon 256

    Follow Up: Promise Feedback and Deliver It 257

    Keep Gen Y Informed 257

    Strategic Planning for Retention 258

    One-on-One Performance Management 259

    Conclusion 260

    Chapter fourteen Leadership Challenges 263

    Coaching Opportunity 1: Gen Y Can Be Easily Distracted 264

    Coaching Opportunity 2: Gen Y May Quit Too Soon 267

    Coaching Opportunity 3: Gen Y Wants to Advance Before They Are Ready 270

    Coaching Opportunity 4: Knowing Something Is Not the Same as Doing Something 275

    Coaching Opportunity 5: Gen Y Is Not “Hungry” Enough 277

    Conclusion 279

    Chapter fifteen Leadership: A Timeless Principle 283

    Principles vs. Rules 283

    Leadership Is a Timeless Principle 285

    Leaders Must Look in the Mirror First 286

    Becoming World-Class 286

    Gen Y’s Attitude and Superior Skills 287

    The New Realities 289

    Turning Knowledge to Action 289

    The Platform Is Burning 290

    References and Research 291

    About the Authors 299

    Index 301

  • Buddy Hobart is the president and founder of Solutions 21, a business management consulting firm based in Pittsburgh, PA. Solutions 21 regularly conducts seminars and customized training programs on leadership, behavioral styles, and Generation Y.

    Herb Sendek is the men’s basketball coach at Arizona State University. Herb works with Gen Y daily. He knows first-hand about selecting and developing successful Gen Y teams. He is nationally recognized for high-impact team leadership and recruiting strategies.

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