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Featured Insight: Leadership

How to Motivate, Lead and Retain the Millennial Worker

Last week we had the pleasure of presenting a half-day workshop for the Vermont Association of Talent Development (formerly ASTD) at Champlain College focused on the Millennial worker. The room had a great mix of generations and professionals all wondering about this new emerging workforce. The assortment of organizations in the room and around the world are facing an enormous challenge: how do we engage and lead the new Millennial worker, estimated to be 75% of our workforce in the next 15 years, and how do we transfer the knowledge of our existing generation, the Baby Boomers, who are estimated to be leaving the workforce at a staggering 6,000 a day.

Here were a couple key takeaways from the day we'd like to share:

Our current employee engagement numbers (spoiler - it's not good):

Employee engagement is about mutual commitment between the company and the employee. Highly engaged employees are 480% more committed to helping their company succeed, 250% more likely to recommend improvements, and 370% more likely to recommend their company as an employer. However, nearly 70% of our workforce report that they are disengaged on some level with their work and with their employer. Employees with lower engagement are 4 times more likely to leave their jobs than those who are highly engaged. Disengaged managers are three times more likely to have disengaged employees. Bad managers are creating active disengagement costing the U.S. an estimated $450 billion annually!

ADDITIONAL INSIGHTS AND TOOLS FOR YOUR LEADERSHIP TOOLBOX


LEADERSHIP & ENGAGEMENT 90% of Millennials Don't Plan To Stay with an Employer for More Than 5 Years. Now What!? Read More> Chief Listener: What the Clinton Team Has Figured Out and You Should Too Read More> Is Leadership Born or Built? It's Sexier Than That! Read More>	TEAM INCUBATOR, ACCELERATOR & REPAIR Millennials and Teams: The Perfect BFFs? Read More> A Manufacturing Floor Operator's Experience with High Performance Teams and What It's Meant To Him Read More> How to Roll Out a Team Culture in 3 Years (Yes, It Should Take That Long) Read More>	ORGANIZATIONAL HEALTH & ASSESSMENT Corporate Training Soars - Here's What It Means Read More> Why Change When Things Have Been Successful in the Past? Read More> What Employees Really Want To Know That Only Leadership Can Answer Read More>

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