Estimated Reading Time: 5 minutes
By Melanie Lockwood Herman
Resource Type: Risk eNews
Topic: HR Risk and Employment Practices, Organizational Culture
While traveling last week an infographic in the Dec 2018/Jan 2019 issue of Fast Company caught my eye. Titled “Millennials in the Corner Office, Gen Y Bosses Tell Us How They Lead,” Yasmin Gagne has compiled the results from a survey on millennial leaders conducted by Fast Company, Inc., and the career-development site Muse. If the opening lines of the piece—which remind us that “older” millennials turn 40 in 2020—wasn’t attention grabbing enough, the survey stats that followed should pique your interest more:
A tangible takeaway from generational-based surveys is a reminder of the downside risks of buying into stereotypes about any generation of workers, including millennials. Generations are hard to define. If you were born between 1982-84 do you feel more Gen X or millennial? If you’re over 40 chances are you’ve been on both sides of a generational gambit. A cultural generation is a specious definition to begin with. The only agreed-upon generation defined by the demographers of the census bureau is Boomers (1946-1964). Culturally, some of these folks were responsible for the DIY ethic of Gen Xers (with typical birth years ranging from the early 1960s to the early 1980s), and for building the technology companies (Apple, Microsoft, Amazon) that powered the culture of millennials. It’s easy to see why generational boundaries serve as shorthand, in place of a more nuanced narrative. To a large extent the media draws these boundaries to fill catch phrases and satisfy short attention spans. Some of the most common but damaging and unproductive stereotypes we still hear include:
After reading the Fast Company piece about motivated millennial leaders, it occurred to me that nonprofit organizations can and should do more to attract and make the mission connection with potential millennial hires. Our five NRMC suggestions are:
While these tips were crafted with millennial hires in mind, we believe they are risk-aware tips that apply to your wider pool of potential staff.
It’s time to revise “millennial” as a moniker of youth culture. Whatever you thought a millennial was, it now means an older person. Yes, millennials are aging. Most young people, and certainly all demographers, consider 40 middle aged.
Melanie Lockwood Herman is Executive Director of the Nonprofit Risk Management Center. She welcomes your thoughts about human resources and workplace culture risk or questions about NRMC Affiliate Member and Consulting Services. Melanie can be reached at 703.777.3504 or Melanie@nonprofitrisk.org.
“First let me congratulate you on a conference well done. I had a great time at the Nonprofit Employee Benefits Conference and walked away with some valuable tools and questions that we’ll need to be addressing in both the short and long term. Thanks to you and your staff for all you do to provide us with quality resources in support of our missions.”
“BBYO’s engagement of the Center to conduct a risk assessment was one of the most valuable processes undertaken over the past five years. Numerous programmatic and procedural changes were recommended and have since been implemented. Additionally, dozens (literally) of insurance coverage gaps were identified that would never have been without the work of the Center. This assessment led to a broker bidding process that resulted in BBYO’s selection of a new broker that we have been extremely satisfied with. I unconditionally recommend the Center for their consultative services.
“Melanie Herman has provided expert, insightful, timely and well resourced information to our Executive Team and Board of Directors. Our corporation recently experienced massive growth through merger and the Board has been working to better integrate their expanded set of roles and responsibilities. Melanie presented at our Annual Board of Director’s Retreat and captured the interest of our Board members. As a result of her excellent presentation the Board has engaged in focused review which is having immediate effects on governance.”
“The Nonprofit Risk Management Center has been an outstanding partner for us. They are attentive to our needs, and work hard to successfully meet our requests for information. Being an Affiliate member gave us access to so many time- and money-saving resources that it easily paid for itself! Nonprofit Risk Management Center is truly a valued partner of The Community Foundation of Elkhart County and we are continuously able to optimize staff time with the support given by their team.”
“The board and staff of the Prince George’s Child Resource Center are extremely pleased with the results of the risk assessment conducted by the Nonprofit Risk Management Center. A thorough scan revealed that while we are a well run organization, we had risks that we never imagined. We are grateful to know that we have now minimized our organizational risks and we recommend the Center to other nonprofits.”
Great American Insurance Group’s Specialty Human Services is committed to protecting those who improve your communities. The Center team has committed to delivering dynamic risk management solutions tailored to nonprofit organizations. These organizations have many and varied risk issues, hence the need for specialized coverage and expert knowledge for their protection. We’ve had Melanie speak on several occasions to employees and our agents. She is always on point and delivers such great value. Thank you for the terrific partnership and allowing our nonprofits to focus on their mission!