Friday, November 4th, 2011

Millennial Myths

I have been advising CPA firms about how to build on the power of generational differences for a long time. It began almost 10 years ago when I was doing research and found writings and studies by Claire Raines. The article was titled, Managing Millennials. I notice on her website, Generations at Work, that in 2010 she updated the article first published in 2002.

This morning, thanks to Rebecca Ryan’s tweet,  @ngcrebecca, I was reading a post by David Ginchansky @DaveCareerGuide, titled Millennial Myths and the Truth About Gen Y Workers.

Here’s a recap of the 5 Common Millennial Myths. Be sure to follow the link above to read Ginchansky’s entire post for explanations about each of the following Perceptions:

Perception #1 – Generation Y is Lazy – Reality: Generation Y is Confused

Perception #2 – Generation Y is Apathetic – Reality: Generation Y is Bored

Perception #3 – Generation Y Lacks Morals – Reality: Generation Y Has Different Values

Perception #4 – Generation Y Has Trouble Finding Jobs – Reality: Generation Y Has Trouble Networking

Perception #5 – Generation Y Thinks They’re Smarter Than You Were At Their Age – Reality: Generation Y IS Smarter Than You Were At Their Age

Are you still struggling with different generational viewpoints, attitudes, and styles inside your accounting firm? Now is the time for action. This is the time of year when new hires and interns will begin showing up in your office.

Action Step: Begin a series of lunch & learn roundtable conversations to talk about generational perceptions and realities. Be sure to assign seating so that you have representatives of each generation (Boomers, Gen-X and Millennials) at each table. It should be mandatory for partners to participate.

Tool: Here’s a link to a slide show that you could use as an aid in your roundtable discussions.

  • "A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece."
  • Ludwig Erhard

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