LP Magazine

MAR-APR 2019

LP magazine publishes articles for loss prevention, asset protection, and retail professionals covering shrinkage, investigations, shoplifting, internal theft, fraud, technology, best practices, and career development.

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Common Myths about Millennials Here are the fourteen most common myths about the millennial generation's attitude toward work and career. Myth #1: Millennials are disloyal and unwilling to make real commitments to their employers. Reality: They can be very loyal. But they don't exhibit the kind of loyalty you find in a kingdom: blind loyalty to hierarchy, tight observance of rites of passage, patience for recognition and rewards. Instead, they offer the kind of loyalty you get in a free market—that is, transactional loyalty (whatever you can negotiate). This is the same kind of loyalty you extend to your customers and clients. We call it "just-in-time loyalty." Myth #2: They won't do the grunt work. Reality: They are so eager to prove themselves—to you and to themselves—that they will do anything you want them to do. But they won't do the grunt work, or anything else, if they start to fear that nobody is keeping track of what they are doing and giving them credit. They are not about to do the grunt work in exchange for vague, long-term promises of rewards that vest in the deep distant future. Myth #3: They don't know very much and have short attention spans. Reality: They may not have the same shared knowledge base that people with a certain level of education used to take for granted, but they walk in the door with more information in their heads and more information available at their fingertips than anyone ever has before. They think, learn, and communicate in sync with today's information environment. Myth #4: They want the top job on day one. Reality: They have no interest in taking their time to "get a feel for the place." They want to hit the ground running on day one. They want to identify problems that nobody else has identified, solve problems that nobody else has solved, make existing things better, invent new things. They want to make an impact. Myth #5: They need work to be fun. Reality: Millennials don't want to be humored; they want to be taken seriously. But they do want work to be engaging. They want to learn, to be challenged, and to understand the relationship between their work and the overall mission of the organization. They want to work with good people and have some flexibility in where, when, and how they work. Myth #6: They want to be left alone. Reality: If they actually care one bit about the job, they want managers who know who they are, know what they are doing, are highly engaged with them, provide guidance, help them solve problems, and keep close track of their successes. Myth #7: They want their managers to do their work for them. Reality: They want managers who will spend time teaching them how to do their work very well and very fast. WHY WE'RE ALL MILLENNIALS NOW They may not have the same shared knowledge base that people with a certain level of education used to take for granted, but they walk in the door with more information in their heads and more information available at their fingertips than anyone ever has before. 58 MARCH–APRIL 2019 | LOSSPREVENTIONMEDIA.COM

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