A tip for business leadership.
Motivation is a key to any business. More seasoned business managers and business leaders are faced with the growing question – how to motivate Gen Y?
First, recognize that Gen Y works in different capacities as employees than their predecessors. Often Gen Y has different functions but for the purpose of this post the position of product manager will specifically be considered. So the question becomes, how can GenY Product Manager be motivated?
Second, recognize the importance of Gen Y. Consider the fact that matrix organization structures hire these new product managers to coordinate the organizational development of new products. The coordination of team effort takes motivation to organize a team that cooperates and collaborates. The importance of team work is essential to product fulfillment. So, Gen Y needs to be considered as an important function in the organizational employment.
Third, recognize the specific challenges a product manager meets and specifically that GenY’s management style characteristically negotiates for resources with other functional managers. The aim is to keep the product moving on schedule. Budgets are critical because the new product requires an allocated amount of resources which it can develop without interruption. This manager characteristically is motivated by high commitments to time and fiscal restraints; therefore the financial stability and cash flows are critical to his analysis and satisfaction of job performance.
Here is a business idea to help you motivate Gen Y.
Benefits plans motivate and help retain Gen Y. Offer a benefits program plan. Some rewards to include: continued vacation allowances, health plans and retirement years. Finally, the best motivation factor is to be a leader yourself, provide your team with additional support. Invest in business leadership programs to help them