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
Dilating a triangle example
We are asked to draw the image of triangle ABC under a dilation whose center is P and scale factor is one fourth. So pause this video and at least think about how you would do this. You don’t have access to the tool that I do, where I can move this around…
THE END OF THE 4% RULE | Goodbye Savings
What’s up Grandma? It’s guys here! So here’s the thing: if you want to invest your money, build your wealth, and earn enough passive income, then never have to work another day in your entire life ever again, there’s an easy calculation for that called th…
How To Become A Millionaire: Index Fund Investing For Beginners
What’s up you guys, it’s Graham here. So let’s cover one of my favorite ways to invest ever, besides real estate. I would even go so far as to say that this is the best, safest, and easiest long-term investment strategy out there for most people. Also, th…
Credentials don’t matter
Smart people, capable people, don’t let themselves be pigeonholed into one definition. That is a disease of credentialism. Because we created this university, now you’ve got to go to university, and you’ve got to get a degree in something. Then people say…
Helping Landlords Find Tenants – Sean Mitchell of Rezi
Why don’t we start with just a brief explanation of what Resi does and then go back to what you apply to? I see with so. Resi is where a rental marketplace with the mission to make renting better. We use our technology and we use finance in order to prov…
THE ONLY 5 CREDIT CARDS YOU WILL EVER NEED
What’s up, you guys? It’s Graham here. So, as some of you know, I have this weird fascination with credit cards and try to squeeze out the best rewards as possible. However, I realized that picking and choosing new credit cards every single month based o…