The Future of Work and Managing Millennials
Attendees at a seminar hosted by UTS’ Centre for Business and Social Innovation (CBSI) explored the key trends shaping the future of work and the importance of millennials in the workforce.
The way we work is changing. Technological advancement, globalisation and changing organisational characteristics are challenging organisations to adapt and reconsider the ways they work. One key change affecting organisations now is the multigenerational nature of the workforce.
For the first time in history we have 5 generations coexisting in the workforce. Generational differences exist and need to be taken in to account. Presentations by Dr Ben Hamer, PWC, and Dr Robyn Johns, UTS Business School, explored what this means for organisations.
The number of millennials in the workforce in growing, and by 2025 75% of the workforce will be made up of millennials. Organisations that want to deliver on strategy need to start attracting and retaining millennials now, says Dr Hamer.
While Dr Johns agrees with this, she calls for organisations to consider the strategies they use to achieve this.
Organisation culture and training are essential when it comes to managing millennials and minimising intergenerational conflict. We will be in the situation where a small percentage of the older generation will manage a big percentage of millennials and it is important that the management learns to recognise differences and act as a consequence.
The panel discussion following the presentations, moderated by Associate Professor Sarah Kaine, allowed the audience to discuss their own experiences, and challenges they were already facing at work.
An attendee, Linda Castellazzi, praised the presenters.
The presentations and discussion were really engaging, it was very practical and easy to relate to what was said
“The Future of Work and Managing Millennials” was held at the UTS Business School on Friday, 23 November 2018.