Managing millennials: Embracing generational differences |
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Institution: | 1. McDaniel College, Westminster, MD 21157, U.S.A.;2. Williams School of Commerce, Economics, and Politics, Washington & Lee University, Lexington, VA 24450, U.S.A.;3. Collins College of Business, University of Tulsa, 800 S. Tucker Drive, Tulsa, OK 74104-3189, U.S.A.;4. College and Graduate School of Arts & Sciences, University of Virginia, Charlottesville, VA 22904-4400, U.S.A.;1. EMLYON Business School, 69130 Écully, France;2. John Molson School of Business, Concordia University, 1455 De Maisonneuve Boulevard West, Montréal, Québec H1H 1L8, Canada;1. Goizueta Business School, Emory University, 1300 Clifton Road, Atlanta, GA 30322, U.S.A;2. McCoy College of Business Administration, Texas State University, San Marcos, TX 78666, U.S.A;1. Babson College, Malloy Hall, Babson Park, MA 02457, U.S.A.;2. D’Amore-McKim School of Business, Northeastern University, Boston, MA 02115, U.S.A. |
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Abstract: | The topic of the Millennial Generation in the workplace drives much business conversation, as members of this generation form a growing percentage of the employee base. Both popular media and scholarly literature have painted the population of younger workers in an uncharitable light. The goals of this article are to contextualize the results of a large, empirical study in a more favorable manner and to suggest that embracing generational differences provides an opportunity as well as a challenge. This article examines traits of the different generations, in addition to the relationship between organizational commitment and workplace culture. We present findings that show millennials (also known as Generation Y, or Gen Y) as the only generational group that does not conceptually link organizational commitment with workplace culture. This group also thinks of work differently than members of the other generations, yet these differences can be understood through a managerial lens focusing on qualities such as duty, drive, and reward. We argue that by changing performance evaluation metrics to encompass a greater variety of measures, managers can provide a more detailed picture of the employee's work, and thus impact the worker's sense of duty. Additionally, by providing a more transparent workplace, employers can increase the employee's drive and clearly demonstrate the reward that workers will receive. Finally, changes that help newer employees adjust to the workplace can also allow the organization to operate more efficiently, benefiting employees of all generations. |
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Keywords: | Millennial Generation Millennial workforce Workplace culture Organizational commitment Millennial traits Millennial employees Generational differences Generation Y employee |
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