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Posts Tagged ‘Gen X’

Global Economy Confidence is Up According to Gen X and Gen Y

Monday, May 17th, 2010

The YPO (Young Presidents Organization) is a well known global leadership group that provides education and resources for entrepreneurs 45 and younger.

The criteria to be a member is a minimum of 50 employees with minimum revenues of a million or more. This group is comprised mainly of Gen X and Gen Y and recent survey results posted in April 2010 show that global economic confidence is up 3.2 points.

This latest information is quite valuable as it applies to global views with specific countries showing slight drops in confidence.

How does this information affect our businesses?

I think if there was ever a time to look at global business the recent recession shows that thinking global with business is the key to future success.

The survey highlights are:

SURVEY HIGHLIGHTS
Looking ahead 12 months, nearly 70 percent of CEOs who responded to the April 2010 survey expect future sales to increase with non-E.U. Europe, Latin America, Asia and MENA anticipating the most widespread growth. The majority expects employee counts to remain roughly the same, with the most widespread increases expected in MENA, Africa and Asia.

For the full details of the survey check out the link below:

http://www.ypo.org/globalpulse/

Motivating Gen Y, X and Zoomers

Wednesday, May 20th, 2009
I am often asked how do we motivate the different generations.
Motivating a Gen Y is like having to be a cheerleader- whether we like it or not! They only respond to praise and when giving feedback they are very sensitive to language- as soon as you use the word ‘criticism’ to a Gen Y they stop listening! An example script to a Gen Y to motivate would be:

“Hey Jordan, excellent job on answering the phone for that client- really well done. Hey next time you would increase your closing ratio if you used this tried and true technique I learned years ago.”

A Gen Y responds to this because you are supporting them not ‘dissing them’. 

A Gen X is much tougher and can hear the feedback but wants you to make sure you don’t blind side them. So you could say to a Gen X

“Tyler, you know how your quota this month was to book 3 meetings? Well you are at 1 meeting and it is the 28th of the month- I have taken a look at your best months and it struck me you could take a stab at the client from 6 months ago to see if that gets you to quota.” 

This motivates a Gen X because they can tell you have done your research and that you are helping them to win. 

To motivate a boomer is much more about recognition and WIFM (what’s in it for me?) so if you say to a boomer the following:

“Cheryl, I dont need to beat around the bush with you- you know what you are doing. I noticed you seem a little stressed or overwhelmed lately and this is affecting your results. What ideas do you have that can solve this? I have some thoughts too I just thought we could brainstorm.” 

Another question I am asked is “ How to you motivate them when they are all together?

You have to ensure you are speaking to each demographic and honoring the values of each demographic. For example when I speak to a group I will put in language that the Gen Y understands such as LOL on a slide or when I am talking I will also put a tech question out to a Gen Y and their simple answer usually blows both the Gen X and the boomers away.
To honor Gen X I recognize them as the squeezed generation managing up and down in age groups and that their ability to deftly manoever between these generations is a valued skill. 
The boomers have worked really hard to get where they are and they are really looking for confirmation that they efforts have not been in vain- so I will honor their hard work ethic and encourage them to share their knowledge rather than to hoard it.

A successful meeting to meet the needs of each generation would have the following:

1. Music/pictures for Gen Y
2. Handouts with supporting data and charts for Gen X and Boomers whereas Gen Y does not want handouts but they want a post meeting email, intranet post or text.
3. Opportunity for them to hear from each demographic- include 20 somethings to present on tech topics to your meetings. The Q and A sessions are nothing short of incredible!
4. Team discussions with mixed ages to solve challenges and come up with ideas
5. Recap of success of meeting, follow up with an email, a post on Facebook, a cheer on the Intranet, a blog post by the company President etc.