The Old People vs. The Millennials

I’ve been writing a lot about Millennials lately because there is a significant problem between the over 55er’s and the Millennials according to most of my clients. The over 55er’s think the Millennials are flaky, don’t want to work for a boss, want extra special benefits - matching 401K,4 weeks’ vacation, lunch daily, flex time etc.  They want a lot but don’t want to work for it – they want it NOW.  The Millennials think the 55er’s are old, slow, don’t understand new technology, don’t get social media, they are not flexible, they don’t give them freedom to learn and grow quickly. (I’m just basing my opinion here on all the complaints I have been hearing for months now from both sides.)  

Oddly, I fall somewhere in-between – I’m not over 55 and I work with a lot of the Millennials. I understand where the Millennials are coming from – we all want a great job with great benefits and flextime. I also understand the 55er’s – they just want you to work and not complain. They made it thought the recession/depression and don’t understand why you need more –you have a job darn it and we still need to make a profit!  

Is there a happy medium between pleasing your employees with amazing benefits and still making profit?  I’m sure there is for larger corporations but for smaller entrepreneurial companies it seems to pose a problem.  Most of my smaller under 200MM clients can’t provide the same benefits as a large corporation. Maybe we need to start looking at corporate environments that fit most of your requirements instead of all of your requirements? Maybe a bit of flexibility from both parties the old and the new will make it easier to meet in the middle? 

Shut Up About Free Lunch

I have had the exact same conversation at least a hundred times now. Millennials want a lot - 

-they want more vacation time

-they want matched 401ks

-they want open communication

-they want free thinking 

-they want 'horizontal atmospheres', whatever that means

-they want a homey atmosphere at work

-they want 'work-life-balance'

*All within work week that's less than 40 hours

I have always said that work in moderation is the best kind of work. Pick something you love and try to make a living at it. I tell our intern that she may be at a desk for the next forty years so she might as well be comfortable with it. But these kids are asking for too much. They want the benefits of being retired without ever having to really work for any of it. 

All of the benefits can be achieved, but not without hard work. Disclosure. The word 'millennial' seems to have become more synonymous with lazy and less associated with the year in which someone was born. Which was of course the original intention. If you are numerically a millennial, you may not be one in attitude. There's a difference. 

Now go find something you love and make some money at it! 

Tips from Bill "The Old School HR Guy"

Advice on how to manage Millennials from Bill M. the “Old School HR Guy”. Bill comes off super old school but then has some amazing nuggets of advice for the future generation. Seriously, this is some good advice -

1. Millennials want a defined career path. Hope for the future. Outline that for them and give them goals to meet.

2. If you are reviewing them praise them a lot and give only one (1) negative. Yup, limit yourself please. If you give too many negatives they dwell on that instead of the positive.

3. Make work a fun place – they want fun at work. Put in a pool table or a ping pong table for them to blow off some steam and let them socialize a bit. They like work to be social.

4. Speaking of being social, you need to plan employee activities outside of the office for them to do after work or at lunch. They love free lunch, drinks out and fun bonding activities.