yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Millennials: Entitled or Just Ambitious? | Big Think


3m read
·Nov 4, 2024

Millennials need to have meaning. When you grow up in a world of abundance, your basic needs are met. Okay, so that's just an expectation. Of course, I'm going to get a salary, and of course, I'm going to get benefits. What I want is a job that has meaning to me, that connects to my life purpose.

And you can only have that if you have a really strong culture that says, "Here's who we are as an organization. Here's why it matters to us to be this way." Organizations that are clear on that are going to be more appealing to millennials than the organizations that simply say, "We do XYZ work and we have this opening position and you should work for us and that's it."

The organizations we saw that are doing this are designing their organizations around the needs of the employees, not the needs of management. And they’re making their work experience customizable, and they're building in continuous innovation and improvement into management, which is new.

We used to sort of come up with our best practice, and as soon as we had that, we did that for the next 20 years. That doesn't work anymore. We have to be more fluid. The traditional organization relies heavily on hierarchy and heavily on paying your dues.

So in order to advance in the company, the standard rule is you have to come there, and you have to work; you have to do work you don't like for a certain period of time, so that you can graduate to a different level where you get to do work that's a little bit better, and then working some more, and then eventually start managing people, and eventually start having authority to make decisions or do things on your own. That organization just doesn't make sense to millennials.

I mean, we interviewed millennials for this book, and the general theme from our response from millennials was, "Why are you guys running it like this?" Like, they're literally scratching their heads saying, "Why would you run an organization like this? Why would you not empower people who are closest to the customer, for instance, to make a decision? Why would you not share information?"

That's a huge one in organizations that millennials don't get. To some extent, the earlier generations are going to have to learn to give up control. That's a big theme I'm seeing in organizations that most of our management systems are based on control being a good thing, and I'm finding organizations that give up on that actually get to achieve more.

And so I think smart organizations are going to get clear, looking at their millennial workforce, much of whom are going to be entry level, to say, "I know you're entry level, but in this area, I'm going to let you run with it." Like, within these walls, you can do whatever you want; you can experiment; you can be in charge.

And so you just have to be clear about where those walls are so that they don't have huge impacts on the rest of the enterprise. But find places early on to do that so they have the experience of making their own decisions. I also think, in general, organizations will be pleasantly surprised when they start letting their employees experiment because I think they'll start seeing results that they wouldn't have predicted that they would get.

More Articles

View All
Is Earth Actually Flat?
Hey, Vsauce. Michael here. In 2003, researchers did the measurements and found that Kansas is in fact literally flatter than a pancake. Of course, the Earth is not flat; the Earth is round. Otherwise, travellers would be falling off the edge all the time.…
11 Things You Should QUIETLY ELIMINATE from Your Life | Marcus Aurelius Stoicism
[Music] Marcus Aurelius, the stoic philosopher king, once said, “Our life is what our thoughts make it.” This profound insight lays the foundation for this video, where we’ll show you 11 vital things you need to quietly cut out of your life. We can trans…
Warren Buffett: A "Storm is Brewing" in the Banking Industry
Banks can take a lot of loan losses, but they can’t take something that wipes out their capital and expect the world to ignore that fact. If those rates change, let the person who bet that they wouldn’t change lose money. I mean, that’s if you make mistak…
Khanmigo is now available to the public (US only)| Personalized AI tutor & teaching assistant
Hi everyone, Sal Khan here, and I’m excited to announce that Khan Migo, our generative AI-powered tutor on Khan Academy, is now generally available! This is especially powerful as we go into back to school. If you have Khan Migo, your student has it on th…
15 Subtle Signs You Outsmart Everyone Else
If you think IQ means you’re smart, you’re wrong. Neither does academic achievement or being the teacher’s pet. Real-life smart is different from book smart. Some people run circles around others; they play life like a game of chess or poker, depending on…
Independence movements in the 20th Century | World History | Khan Academy
As we’ve seen in other videos, this is a map of the European possessions, especially the Western European possessions in much of the world. As we enter into the 20th century, before World War I, you see significant possessions by the French, not just in A…