I'm encouraged by the growing worldwide influence of Millennials -– defined as those born between 1980 and 1995 -- because they really are having a positive impact on culture, politics and environmental sustainability. The challenge I see at Frito-Lay is how to recruit and retain the brightest of this new breed -- and then listen to them --because they're leading us (quickly) into the future.
Boomers like me tend to think we're the center of the universe. In the U.S. we're still holding on by a thread, making up 26 percent of the population versus Millennials at 24 percent. But it's no contest worldwide. There are nearly 2 billion Millennials worldwide, and they make up 30 percent of the world's population, versus Boomers at only 18 percent. The numbers speak for themselves -- this is a group we should listen to.
Millennials are characterized by how they're changing culture with their use of technology -- teaching us old Boomers new tricks along the way. My Millennial sons taught me how to play on Nintendo Wii. My teenage nieces -- who live in Thailand, Charleston, S.C. and Detroit -- taught me how they keep up with each other on Facebook. And a Boomer friend of mine bought his first home computer last year, because e-mail was the only way he could keep up with his son.
Side-note: I tried to “friend” my teenage nieces on Facebook, but they rejected me -- I wonder why?
So what's Frito-Lay doing to attract and retain Millennials? To start, we're making sure we listen and learn from our current Millennial employees by sponsoring a new internal networking organization targeted to them called "CONN3CT." Yes, we pronounce it “connect” – don’t let the “3” fool you.
The organization is the brainchild of Jamila Cutliff, a Frito-Lay Finance Manager, pictured below. She started the group two years ago as a grassroots effort, by organizing quarterly dinners for Millennials and PepsiCo leaders, and it has now grown into a PepsiCo-wide organization.
"CONN3CT establishes connections between young professionals across PepsiCo, and provides them with development opportunities," Jamila says. "We also want to positively impact PepsiCo's business performance by providing input on issues like recruiting, marketing and work-life quality."
Two weeks ago, I had a chance to hear firsthand from CoNN3CT members and other employees who are Millennials at internal meeting of PepsiCo employees from around the globe. As I listened to them, I realized the main difference between them and myself when I was their age, is their conviction that companies must be socially responsible.
During one of the meeting’s presentations, four PepsiCo Millennials offered leaders insights and perspectives about how their generation views everything from culture to technology to their jobs. They each said a key factor in deciding to join PepsiCo was the company's commitment to environmental sustainability.
This is an important change in attitude compared to previous generations, and with Millennials quickly moving into positions of authority, I look forward to their positive impact on both our business and our society. What do you think is the biggest impact of Millennials on business and society?
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