Monday, October 12, 2015

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? 



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