effectively working across generations in investing · 2019-05-29 · image credit: latino public...

29
Effectively Working Across Generations in Investing For Conference of County Investment Academy June 4, 2019 Dr. Rob Konopaske, President [email protected] www.me360.org [email protected] © 2019 MillennialEdge360, LLC. All Rights Reserved. 1

Upload: others

Post on 12-Aug-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

Effectively Working Across Generations in InvestingFor Conference of County Investment Academy

June 4, 2019

Dr. Rob Konopaske, [email protected]

[email protected] © 2019 MillennialEdge360, LLC. All Rights Reserved.

1

Page 2: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

2

Texas County Elected Officials & Staff…

What is your #1 priority?

Page 3: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

3

Image credit: Daily Journal

Image credit: The Dissolve

Image credit: Bustle

Image credit: IMDb

Image credit: The Playlist

Image credit: Wired

Page 4: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

4

WHO will be doing your job?

WHAT knowledge will they need?

HOW will they acquire it?

Page 5: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

5

Better hurry…10,000 Americans turn 65

each day

(Pew Research)

Page 6: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

6

Page 7: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

7

Shared experiences define a generation

Page 8: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

8

Greatest Gen Attributes:

Self-reliantWork ethicResilientModest

Image credit: History.com

Image credit: eBay.co.uk

Image credit: Heywood-Wakefield

Page 9: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

9

Boomers’Attributes:

ConfidentAchievingTeamwork

Civic-minded

Image credit: Huffington Post

Image credit: Time Magazine

Image credit: CNN

Image credit: Groovy History

Page 10: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

10

Gen Xers’Attributes:

PracticalSelf-reliantTech savvyLone wolf

Image credit: YouTube

Image credit: Thought Catalog

Image credit: Latino Public Radio

Image credit: CBS News

Page 11: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

11

Millennials’Attributes:

Digital nativesSocial media

CautiousDiverse

Image credit: Gray Line New York

Image credit: Inform the Pundits

Image credit: Hello! Canada

Image credit: The Inside Line

Page 12: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

12

Post-Millennials’Attributes:

Online lifePro-technologyTeam-oriented

Green

Image credit: iGotOffer

Image credit: iStockImage credit: PewDiePie (YouTube)

Image credit: Debate.org

Page 13: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

13

Are These Real (or Imagined) Generational Differences?

Page 14: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

14

ME360 Case Example #1Challenge:

High (and costly) turnover of ECEs

Outcome: Reduced turnover by 50% over 2-year period

saving the client $150,000

Page 15: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

15

ME360 Case Example #2Challenge:

Department heads not collaborating effectively

Outcome: Increased awareness of workloads & work

styles, & enhanced communication

Page 16: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

16

ME360 Case Example #3Challenge:

Limited bench strength to support high growth

Outcome: Cohort of high-potential employees learned &

applied leadership behaviors

Page 17: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

17

ME360 Case Example #4Challenge:

Retirements of senior leaders

Outcome: New mission, strategic plan, & succession plan

Page 18: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

18

ECE Recruiting Tips

Meaningful work

Social media

ECEs as recruiters

Page 19: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

19

ECE Onboarding Tips

Intentional process

Buddy approach

Intergenerational team

Page 20: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

20

Training Tips Tailor to different generations

Applied and transferrable

Reinforce it with projects

Page 21: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

21

Performance Management Tips

Frequent & less formal

Constructive feedback

Multiple sources

Page 22: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

22

Motivation Tips Variety of motivators

Mission matters

Caring culture

Page 23: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

23

Communication Tips F2F, phone, videoconference,

e-mail, & texting

Use multiple channels often

Nonverbal/body language

Page 24: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

24

Work Style Tips Flexible work arrangements

Being at work (“facetime”)

Live to work vs. work to live

Page 25: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

25

Teamwork Tips Bridge gen differences

Transfer knowledge

Effective/efficient meetings

Page 26: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

26

Mentoring Tips Reverse mentoring

Multi-gen project teams

Capture/share the learning

Page 27: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

27

Page 28: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

28

One size does not fit all…

Be creative & agile when developing impactful, lasting solutions

for your county!

Page 29: Effectively Working Across Generations in Investing · 2019-05-29 · Image credit: Latino Public Radio Image credit: CBS News. 11 Millennials

29