Advertising
Advertising

9 Common Misconceptions About Gen-Y Employees

9 Common Misconceptions About Gen-Y Employees

Gen-Y employees are entering the workforce at astounding rates. Many of them are looking for a full-time job or simply for the perfect internship opportunity to boost their resume and embark on the journey towards a fulfilling career. However, some employers have found this group difficult to deal with due to generational gaps and miscommunication.

Generation-Y

    No one likes to see the way they are used to dealing with the workplace change so suddenly but as millennials begin to enter part of your workforce, you must realize that if you wish to remain competitive and productive, you must keep an open mind, be willing to make some changes, and clear up these common misconceptions:

    1. They are only interested in making money.

    While it is true Gen-Y employees are coming out of school with $1 trillion in student debt, money is not their highest motivating factor. Millennials have chosen their field of study hoping to gain a career. While money is a good incentive, chances are your Gen-Y employee is hoping to learn and grow from the opportunity you are giving him or her.

    Advertising

    2. They are difficult to train.

    Many employers make the mistake of thinking Gen-Y employees are inexperienced or need to be walked through step-by-step. They don’t want you to teach them how to do their job step-by-step. Most millennials value the joys of learning from experience. They’d rather have someone they can go to with their questions than a micro-manager holding their hand.

    3. They switch jobs often because they become bored easily.

    Yes, it is true on average Gen-Y employees are switching jobs every two years. However, this isn’t because they are bored or can’t find a place to settle. Keep in mind millennials grew up with tools, such as the internet, and many more opportunities to travel abroad than past generations. Gen-Y have a thirst for life, a need to experience new things and they hope to do so while they are young. (No, it’s just that they want to try more things while they still can)

    infographic_v1_08-resized-600

       

      Advertising

      4. They have no respect for leaders in the workplace.

      Gen-Y did not grow up with parents who demanded to be respected. The idea that one should automatically respect superiors is alien to most Gen-Y employees. They don’t want to just mindlessly follow someone because they are told to. Instead, Gen-Y employees want to know they can trust their authority. They want to feel the person they are under is capable, hard working, and deserves his or her position. You can’t demand deeply-rooted respect from a Gen-Y employee; it’s something you must earn.

      5. They will not accept constructive criticism.

      It’s not that millennials can’t take yearly or monthly reviews. Most of them prefer to have praise be given on the spot, or corrections being made on the spot. They cannot fix something they are doing wrong if you do not tell them, and they hope you don’t wait until the year-end review to break the news.

      6. They are self-centered.

      Gen-Y were raised by a set of doting parents and were taught about self-awareness and the joys of being an individual. Yes, they may be looking out for themselves much of the time but who isn’t? Gen-Y employees are simply bolder about it. Many of the possible missteps that can arise are easily solved through ample communication.

      7. They refuse to follow directions.

      You’ve told your Gen-Y employee how to do something and he or she went off and did it their own way AND the wrong way. Your Gen-Y employees are used to having a vast array of options at their fingertips. They’ve been taught there’s an infinite amount of ways to get from point A to point B. While you are not to relinquish all structure and control, some flexibility and compromise is in order. Your Gen-Y employees will be more productive and serve you better if you allow them to put an individual spin on the tasks at hand.

      Advertising

      gen-y-at-a-glance-millennial-branding

         

        8. They want too many commodities in the workplace.

        Gen-Y employees have grown up in an environment that took lessons from the past. Their college education includes lessons on how to work more productively and that doesn’t always translate to working harder. It’s not that they expect you to provide them with a live-in mattress, but rather that they understand the downside of a 9 to 5 day. They know the loss of yield and damage to the environment that comes with commuting, or the loss of productivity that comes from separating employees with dimly-lit cubicles. It is said that by 2025, more than 75% of the workforce will be composed of millennials, this means workplaces will have to evolve into friendlier, greener, and more productive spaces that take into account both the psychological and physical well-being of their human resources.

        9. They cannot be trusted to stay off social media.

        In a survey conducted by Cisco, 56% of millennials said that if a company bans social media, they wouldn’t work there. Increasing productivity by banning small leisurely activities and communication devices immediately lets your workers know you don’t trust them. Compared to past generations, millennials have enjoyed higher levels of freedom in all aspects of life, so banning social media, is the equivalent of prohibiting a telephone call. Being in the work environment comes with surveillance already, and delivering results is as important to millennials as it is to other employees. Make your gen-Y employee feel like he or she cannot be trusted and their productivity will reflect it.

        Advertising

        121205055617-generation-y-monster

          As a Millennial leadership speaker, I have found the most common misconceptions of Gen-Y come from the lack of communication in a multi-generational workplace. These hurdles can be overcome by holding multi-generational training with your workforce. Help them communicate with each other using terms that everyone can understand. By learning each others’ perspective, there will be less conflict in the workplace as teams will become stronger through communication.

          What are some problems that you are seeing with Millennials or Gen-Y coming into the workplace?

          Featured photo credit: flickr via flickr.com

          More by this author

          Joel Goldstein

          Entrepeneur

          How to Build Healthy Competition Between Millennial Employees? 4 Visual Merchandising Tips for the Holidays How To Succeed At Your First Sales Job 5 Signs You’re Not Meant to Be A Salesperson Follow These 4 Tips to Make Your App Millennial-Friendly

          Trending in Work

          1 10 Most Successful Entrepreneurs and What We Can Learn from Them 2 How to Switch Careers and Get Closer to Your Dream Job 3 9 Tips for Starting a New Job and Succeeding in Your Career 4 10 Essential Skills to Become a Successful Team Leader and Manager 5 Conflict Management Styles for Effective Communication at Work

          Read Next

          Advertising
          Advertising
          Advertising

          Last Updated on May 15, 2019

          10 Most Successful Entrepreneurs and What We Can Learn from Them

          10 Most Successful Entrepreneurs and What We Can Learn from Them

          Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

          Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

          1. Melanie Perkins: Know Your Worth and Keep Trying

            Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

            She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

            Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

            2. Bill Gates: Keep Learning and Exploring

              If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

              Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

              He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

              “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

              Gates’ success is built on self-improvement and the seeds of an idea.

              3. Elon Musk: Never Stop Innovating

                Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

                Elon Musk, however, breaks that rule.

                Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

                When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

                Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

                4. Richard Branson: Develop People First

                  British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

                  The billionaire is strongly particular about working with a team that shares his core values and aspirations.

                  Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

                  Advertising

                  A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

                  Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

                  5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

                    Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

                    For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

                    While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

                    While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

                    6. Mark Zuckerberg: Start Small, Think Big

                      Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

                      “The biggest risk is not taking any risk.”

                      He’s always daring to explore with a fearless mindset.

                      Advertising

                      The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

                      However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

                      7. Steve Jobs: Live Your Own Dreams

                        Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                        The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                        Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                        After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                        8. Warren Buffett: Balance is Essential to Success

                          Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                          After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                          With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

                          Advertising

                          9. Jack Ma: Never Give up

                            On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                            Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                            His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                            Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                            10. Tan Min Liang: Passion Can Pay Off

                              Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                              Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                              The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                              So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                              Final Thoughts

                              In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

                              Advertising

                              Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

                              More Articles About Entrepreneurship

                              Featured photo credit: Patrick Tomasso via unsplash.com

                              Reference

                              Read Next