This page contains a Flash digital edition of a book.
Workplace


most important thing to me,” she says. “I crave breadth and variety and I want to learn. Salary, titles and management tasks come with time.” She says she sees a difference between her generation and previous ones, and she can see how a reputation for entitlement could develop. “We can be more impatient for praise, promotion and more challenging work.” It’s this shiſt in workplace demands


that’s driving a cultural change in offices nationwide, at least in part — Culbertson points out that it’s difficult to separate the impact of millennials from the impact of technology and a significantly faster pace of business. But the bottom line remains the same: “The system of hierarchy and the idea of doing your time to move forward is gone. It doesn’t exist,” she says. Penny Partridge, chief human resources officer and partner at PwC in Toronto, agrees. “Everyone wants connection with a leader, but millennials will just show up at my door. Or call the CEO,” she says. “They’re comfortable doing that. They don’t feel the same way about hierarchy as older generations do and, frankly, I respect that.” Partridge knows what she’s talking about: 80% of PwC’s workforce in Canada are members of generation Y. In the late 2000s, the Big Four focused on technical skills. Since then, PwC has pivoted. It’s looking beyond business candidates to recruit employees with “diversity of thought and experience” and prioritizing candidates who have built networks with ease — both key characteristics of millennials. In fact, the company has remade itself over the past five or six years in order to better attract them by improving access to national and international secondments to give anyone who’s interested a variety of experiences. Plus, they’ve developed a strategy around flexibility, going so far as to require a discussion of employees’ work-life needs at team meetings.


18 | CPA MAGAZINE | JUNE/JULY 2015


“Formalizing these changes benefits all staff and has helped to evolve workplace culture,” Partridge explains. As more millennials flood the


workforce, they’re definitely making their mark on office culture, and both Culbertson and Partridge say it’s for the better. That said, the ubiquity of this generation and the changes it’s unleashing require managers to learn new leadership strategies.


Lead the way There’s good and bad news for managers. The good: the key to managing younger employees is relatively simple — commu- nication. The bad? Communication takes practice. A boss who’s clear about goals, trusts employees and prioritizes work-life balance makes a company attractive and is instrumental to a millennial’s happi- ness at work. That’s why “it’s not all about millen-


nials adapting to us. We have to adapt to them,” says Partridge. Here’s how. Provide opportunities. More than


anything else, millennials want to feel like their work matters. Give them the chance to tackle a problem and watch their engagement — and results — skyrocket. “If their ideas don’t align with the business, take the time to explain why they can’t be incorporated. You don’t want to squash innovation and enthusiasm,”says Culbertson. Teach. “They love to be taught,” says


Partridge. “They love to understand the bigger picture, maybe more so than some previous generations, who were more likely to say, ‘Tell me what I need to do and I’ll do it.’ Millennials are more, ‘Tell me what I need to do, how it fits the bigger picture, what I’m going to learn from that and then show me.’” Manage expectations. “We don’t promote people based on years of experience anymore; today it’s outcome- based,” says Culbertson. That said, millennials might want a promotion before they’re ready. Talk with your


employee about what he or she wants from the position, your expectations and what the company’s needs are. Then figure out how you can make it all mesh. Dole out feedback. “In the old days,


no news was good news, right? It was more, ‘If I don’t tell you you’re doing a bad job, assume you’re doing a good job,’” says Partridge. “Nowadays, it’s continual feedback. Millennials want to know how they’re doing every step of the way. If you manage them that way, the product is better.” PwC’s approach to training is based on the Socratic-style training medical residents receive — problems are tag-teamed, younger employees have a chance to pitch ideas and, by its very nature, it allows manag- ers to have meaningful interactions with even very junior employees. Rethink rewards. Raises and bonuses are a baseline, but the best kind of recognition for a millennial is face time. Book a one-on-one lunch or invite the employee to an important meeting. “I’ve spent quite a bit of time reminding our partners that it isn’t about bonuses,” says Partridge. “It’s about how we treat them every day and showing apprecia- tion with our time and our teaching, which is an important shiſt in our mind- set around managing.” Prioritize flexibility. “One thing


they’ve taught me is to make sure you’re not sacrificing your personal life,” says Culbertson. “It’s that living-in-the- moment thing. It’s not bad to do a little reprioritizing where you can.” While this new approach can be overwhelming for managers of older generations, targeting your management style to cater to millennials will have far-reaching effects. “They are driving a cultural change,” says Partridge. “And I think it’s all for the benefit of everybody. Who doesn’t like to be appreciated? Who doesn’t like flexi- bility? They’re helping to really embed that into the way we do things every day, which really dictates the culture. I think that’s a good thing.” — Stacy Lee Kong


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78