Level: Basic
Author(s): Daniel P. Gilmour, PSP; Andrew D. Corson
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: The project controls profession is facing a generational reckoning – as the bulk of the Baby Boomer generation reaches retirement, how do we adapt to the newest generation entering the profession and pivot toward their success? This is a dilemma facing organizations across the industry and truly elevates questions about the future of the profession. In order to understand the millennial cohort, this paper examines research on generational differences, sheds light on the socioeconomic factors that produced the archetypal millennial, debunks well-worn generalizations, and delves into the typical strengths of millennials. Focusing on structured processes centered on frequent feedback, team-driven environments, and the creation of performance scoreboards, this presentation contemplates strategies for getting the most out of, and retaining, millennial employees. Finally, this paper analyzes millennials as managers themselves, providing a view of what is to come in the industry.
Author(s): Daniel P. Gilmour, PSP; Andrew D. Corson
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: The project controls profession is facing a generational reckoning – as the bulk of the Baby Boomer generation reaches retirement, how do we adapt to the newest generation entering the profession and pivot toward their success? This is a dilemma facing organizations across the industry and truly elevates questions about the future of the profession. In order to understand the millennial cohort, this paper examines research on generational differences, sheds light on the socioeconomic factors that produced the archetypal millennial, debunks well-worn generalizations, and delves into the typical strengths of millennials. Focusing on structured processes centered on frequent feedback, team-driven environments, and the creation of performance scoreboards, this presentation contemplates strategies for getting the most out of, and retaining, millennial employees. Finally, this paper analyzes millennials as managers themselves, providing a view of what is to come in the industry.