Career strategies for in-house millennials Yvette Encarnacion, SVP, Production Content Review-viacom Shanell Parrish-Brown, VP, Employment Counsel-Viacom Nicole Mirchandani, Software Products Counsel, Apple
Who is the millennial? Dates: early 1980s-mid 1990s As of 2020, an estimated 50% of the workforce will be made up of Millennials (USBLS)
Millennial Myths Entitled Lack loyalty Lack work ethic Different than prior generations Don’t value security and prestige
Millennial myths debunked Entitled Millennials negotiate better salaries, seek flexible hours and request more challenging work (Kadakia) Lack work ethic 73% reported working more than 40 hours a week; working hard if not harder than other generations (CWB) Lack loyalty Millennials who report to have a great workplace are 59 times more likely to strongly endorse the company to family and friends (Gallup) Different than prior generations Harvard Business review found that all generations value meaningful work, yet “every generation perceived that other generations . . . don’t care about meaning.” Do not value security and prestige Prioritize security for opportunities that will serve them in the long-term (CWB)
Millennial values 56% have ruled out working for a company based on its values or standard of conduct (Deloitte) Team, patriotic, and family oriented Appreciation for diversity and inclusion Expects workplace to reflect values of civic engagement and social responsibility
Through a gendered lens 23% of Millennial women believed their gender has prevented them from getting ahead at work (CWB) Examples of challenges Millennial women face at work Having to work harder than male team colleagues to receive recognition Scrutinized based on dress; associations are made between a woman’s appearance and work performance.
How does the millennial “show up?” Clearly communicate dedication, drive, and goals Communicate Speak up when needs are not being met Speak up Actively seek mentorship opportunities Seek Seriously consider the organization’s diversity and inclusion practices when evaluating job opportunities Consider
CAREER STRATEGIES for IN-HOUSE MILLENNIALS FOCUS: Skill Building Performance Evaluation Internal networking & Building Relationships Elevating Profile & Brand Enhancement External Networking & Identifying a Sponsor Raising your hand