What do tomorrow’s leaders think of business today? That is the question Deloitte explored in their fourth annual Millennial Survey. Deloitte discovered many generation gaps including that Millennials believe business should be focused on people and purpose, not just products and profits in the 21st century.
Deloitte surveyed 7,800 of tomorrow’s leaders, from 29 countries, on effective leadership and how business operates and impacts society. The findings revealed that business, particularly in developed markets, will need to make significant changes to attract and retain the future workforce. Here are a few of the specific findings… Read more
In the past, apprenticeships, classes, manuals, mentoring, and conferences were how information was passed on to the next generation of workers. Today’s cutting edge companies are leveraging virtual classrooms, online quizzes, self-paced courses, discussion groups, blogs, and video games to train and develop the next generation worker. Technology and the Internet have shattered the boundaries of workplace learning and next generation training.
Because Millennials rate “professional growth and career development” as the #1 driver of engagement and retention at work, it’s important to better understand how learning and training is shifting in today’s workplace. Below are descriptions of the emerging methods of workplace learning supplemented by statistics that support the learning trends. Read more
German philosopher, Frederick Nietzsche, once said, “He who has a why can endure any how.” Vicktor Frankl, Holocaust survivor and the author of Man’s Search for Meaning, would agree that having a strong sense of meaning is the key to rising above. Millennial motivation in the workplace has a similar origin.
According to the Career Advisory Board, the No. 1 factor that Millennials (ages 21-31) wanted in a successful career was a sense of meaning. And nearly three-quarters of Millennials surveyed said that “meaningful work was among the three most important factors defining career success.”
By now it’s no surprise to people that Millennials value meaningful work and desire to have an impact in the workplace. However, what is surprising is how many leaders fail to deliver on this Millennial value. Read more
“Millennials are driving a disruption in the food industry…I think we’ll see the food industry turned on its head,” says Lifeway Foods’ CEO, Julie Smolyansky. Millennials desire for transparency has caused a $18 million dollar market share lost among the top 25 food and beverage companies in the last 5 years. If today’s restaurants want to win over the 50% of Millennials who refer to themselves as “foodies,” they will need to note what these three restaurants are doing to cultivate Millennial loyalty.
Taco Bell embraces digital, purpose, transparency, and booze.
Taco Bell connects with the mobile generation through their Live Más mobile app that allows users to select a local store, customize an order, and pay via Visa’s Checkout simple payment process. Taco Bell recently launched the ta.co website, where visitors can place orders, calculate how many calories their order will have, and score original branded content. Read more