I am concerned that Millennials are stressed out. They have a higher suicide rate than other generations at their same age. They have the highest diagnosis of depression at their age than other generations. I think we have raised a generation that does not know how to be sad. They are programmed for success and the threat of failure is devastating.
Chip EspinozaRob Goffee and Gareth Jones wrote a great piece in Harvard Business Review titled "Managing Authenticity." In it, they argue that establishing authenticity as a leader is a two-part challenge: "First, you have to ensure that your words are consistent with your deeds; otherwise, followers will never accept you as authentic. The second challenge of authentic leadership is finding common ground with the people you seek to recruit as followers.
Chip EspinozaTalent acquisition, knowledge transfer, generational diversity, and retention will continue to be serious concerns. I think the golden thread is equipping management to work with Millennials. Let's face it. We are going to see organizations needing to replace 40% to 60% of their workforce. Management has never been more important!
Chip EspinozaMillennials are an easy group to identify in terms of their appearance and are therefore highly subject to being stereotyped. When a negative stereotype about a group is relevant to performance on a specific task, it is referred to as "stereotype threat." Individuals who are highly identified with a particular group may experience increased susceptibility to stereotype threat.Understanding perceptions and why they may exist helps to explain and demystify tension and conflict that surfaces as a result of generational discord.
Chip EspinozaIt is important to understand that stereotypes and generalizations have an impact in both positive and negative ways. Of course not every person born between 1980 and 2000 is exactly the same as millenials. There are differences within generations. That being said, generations have a personality just as individuals do.
Chip EspinozaWe have to be emotionally intelligent. It also means that what works one day may not work the next or what works for one group of people many not work for another. I love managerial leadership because it is dynamic. The implication is that we have to stay curious about what compels, what motivates, what inspires, what relates, and what energizes.
Chip Espinoza