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Jean & Turner on Millennials (Audio) · Bloomberg Intelligence

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  Speaker 1: You're listening to Taking Stock with Kathleen Hayes and Pim
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  Speaker 1: Fox on Bloomberg Radio. Well, judging by the throng the
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  Speaker 1: crowd that enveloped our next guest as she came in
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  Speaker 1: to join us, I can tell you that Billy Jen
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  Speaker 1: King still has it. Billy Jean King a former world
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  Speaker 1: number one professional tennis player, winner of thirty nine Grand
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  Speaker 1: Slam titles, including twelve singles, sixteen women's doubles, and so on,
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  Speaker 1: and she's also had a tennis center named after her.
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  Speaker 1: She joins us with Stephanie Turner, co author of the
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  Speaker 1: Millennial Majority Will Transform Your Culture. She's also a manager
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  Speaker 1: in Deloitte's Survey Research and Analytics Center, and they're here
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  Speaker 1: to tell us about some of the latest findings in
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  Speaker 1: their millennial work. Welcome, Thank you both for being here.
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  Speaker 1: I gotta say, Billy Jen King, it is a little
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  Speaker 1: bit uh awe inspiring to be in the same room
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  Speaker 1: with you because of all of yours. Don't worry. I'm
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  Speaker 1: as a blue collar kid from long Reach, California. So
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  Speaker 1: that in a public bar kids, Okay, Well, that's in
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  Speaker 1: the National Tennis Center of the one that was that
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  Speaker 1: has my name on it now, I can't say I'm
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  Speaker 1: too embarrass is actually a public park. I don't think
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  Speaker 1: people realize that sometimes. Well that that all. That all
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  Speaker 1: leads me to my right question, because you have something
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  Speaker 1: called the Billy Ching King Leadership Initiative, and I'm wondering
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  Speaker 1: if you could describe that in the context of what
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  Speaker 1: Stephanie has been working on having to do with millennials
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  Speaker 1: and leaders. Well, when we started the Billyging King Leadership Initiative,
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  Speaker 1: I said, we've got to have some data. We can't
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  Speaker 1: just talk about what's going on in the workplace because
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  Speaker 1: what we want to do in our with the Leadership
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  Speaker 1: Initiative is to change the workplace to be more inclusive
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  Speaker 1: where people can be their authentic. So so Delay, Deloitte
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  Speaker 1: and US teamed up and they have been unbelievable because
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  Speaker 1: without Delote, we couldn't really have started the Leadership Initiative
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  Speaker 1: without them. So they've come up with all kinds of
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  Speaker 1: data about millennials because, believe it or not, you know,
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  Speaker 1: millennials are going to be the workforce's not very just
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  Speaker 1: a few years from now, so uh, it's very important
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  Speaker 1: and what they're thinking, what they're feeling, what's going to
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  Speaker 1: drive them? Uh, what's going to give them purpose? And
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  Speaker 1: that's the things that Deloitte went out and continue to
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  Speaker 1: collect data on what the millennials are feeling and thinking,
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  Speaker 1: especially in the workplace. We want to go to the
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  Speaker 1: data in just a minute, but I also want to
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  Speaker 1: ask you from your perspective in the tennis world. Uh,
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  Speaker 1: so many tennis players start out long before their millennials
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  Speaker 1: and they're like three years old exactly, you know. And
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  Speaker 1: we we've had Nick Bleteria and once again we did
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  Speaker 1: our show out at the Open for a couple of days,
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  Speaker 1: was growing out that he's he's best tennis Hall of Fame,
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  Speaker 1: et cetera. But what do you see in your in
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  Speaker 1: your in yourself growing up and when you look at
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  Speaker 1: kids now, how are they different from us, from us
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  Speaker 1: older folks when we were at that point in our lives.
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  Speaker 1: What do you see? Well, first of all, they still
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  Speaker 1: have some of the same problems and that's excess to
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  Speaker 1: get started. I would say that access is a challenge
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  Speaker 1: no matter what. But as they get going at they
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  Speaker 1: show promise. Uh they have there's more money, there's better coaching,
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  Speaker 1: better nutritional and information on how to train all the
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  Speaker 1: things that I would have loved have had growing up
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  Speaker 1: as far as information, and that's what where technology is
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  Speaker 1: so important and continues to you know, the software just
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  Speaker 1: exponentially keeps changing all the time. I mean, it's just
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  Speaker 1: you can't keep up with the software. The hardware is
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  Speaker 1: a little bit a little bit easier, but it's it's
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  Speaker 1: unbelievable what that brings to the table about for stats,
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  Speaker 1: when you play, gives you it gives you instantaneous feedback. Um,
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  Speaker 1: it's just amazing. What I would love to be a
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  Speaker 1: kid today playing I do think, Uh, if you show promise,
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  Speaker 1: usually someone will help you, will sponsor you, or mentor you. Um.
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  Speaker 1: But it's amazing what's happening. And then you know, I
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  Speaker 1: retired at forty, went into Team Tennis World Team Tennis,
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  Speaker 1: which is about equality. We have men and women on
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  Speaker 1: the same team. And now the the Ability and King
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  Speaker 1: Leadership Initiative. If you think about it's just an extension
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  Speaker 1: of what I've always believed in since I was twelve,
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  Speaker 1: and that is fighting for equal rights and opportunities for
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  Speaker 1: boys and girls, may women, for all genders. Uh. And
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  Speaker 1: I knew I was so lucky to have a platform
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  Speaker 1: that tennis is and tennis is global. But I knew
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  Speaker 1: I had to be number one if I was going
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  Speaker 1: to try to help change the world, not just my
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  Speaker 1: own tiny university tennis, but help others and help the
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  Speaker 1: world to be a better place. And I have inclusion.
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  Speaker 1: And as a girl, I already knew that life was
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  Speaker 1: going to be different, that people would not probably listen
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  Speaker 1: to me, but I thought, if at least be number one,
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  Speaker 1: maybe they will. But thank god, you know, tennis is global.
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  Speaker 1: I think it gave me an unbelievable platform. Sports were
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  Speaker 1: very fortunate to have it. Stephanie Turner, I want you
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  Speaker 1: to come in and tell us how is the millennial
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  Speaker 1: majority going to transform the culture that we live in. Yeah, well,
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  Speaker 1: I think in Billy, you have created this amazing platform
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  Speaker 1: that we can conduct the research on. And what our
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  Speaker 1: research is showing is that technology is an accelerator. Millennials
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  Speaker 1: want purpose in the organizations, but they're using technology in
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  Speaker 1: every form that they have to be an accelerator. And
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  Speaker 1: how they collaborate, communicate, how they become innovative in their
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  Speaker 1: work that drives that purpose, and then also and how
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  Speaker 1: they seek work like flexibility. This is a generation that
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  Speaker 1: wants to solve problems fast, and they want to be
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  Speaker 1: able to do it wherever they are around the globe,
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  Speaker 1: and they want to be able to do it with
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  Speaker 1: whoever is around the globe. They don't want to be
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  Speaker 1: confined to an office or a particular area of solving
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  Speaker 1: those problems. Okay, well, we know that lots of times
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  Speaker 1: stereotypes and jokes have some truth in them. And when
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  Speaker 1: you see all the jokes right about, oh they expect this,
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  Speaker 1: Oh they don't want to do that. Oh they want
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  Speaker 1: to go in and get a raise. Um, you know
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  Speaker 1: three months after there there is there any truth? Is
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  Speaker 1: that the downside of a millennial. So so I think
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  Speaker 1: that part of what our research has done is actually
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  Speaker 1: a little bit of myth busted the generation that we
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  Speaker 1: once knew it. Right, So, this is a generation that
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  Speaker 1: has since matured. They are in their thirties, they are
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  Speaker 1: leaders in our organizations today. They are at least fifty
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  Speaker 1: per scent of the workforce, and like Billy said, they're
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  Speaker 1: going to the workforce. This is a generation that is
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  Speaker 1: very ambitious. To your point, they do want to be
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  Speaker 1: able to excel, and they want to excel quickly, but
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  Speaker 1: they want the right tools and experiences and that purpose
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  Speaker 1: in the organization to be able to do it well.
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  Speaker 1: They also seem to live through the financial recession of
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  Speaker 1: two thousands in Tennis bad. You have a bad run
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  Speaker 1: at times. What do you find reminded me of my
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  Speaker 1: parents a little because they were depression parents. And of
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  Speaker 1: course I don't think it's as tough as back in
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  Speaker 1: the thirties, but it was still. I mean, I have
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  Speaker 1: god children who are still having trouble finding jobs. It's
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  Speaker 1: it's tough, and I'm saying, you know, you remind me
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  Speaker 1: of the old days when there was a depression. So
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  Speaker 1: I think it's very sobering when you go through that experience.
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  Speaker 1: But I also think they're very resourceful. I think they're innovative.
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  Speaker 1: I think the kids want to do good. I think
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  Speaker 1: if you look at the elections even how excited they
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  Speaker 1: were to be a part of it. And hopefully we
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  Speaker 1: can keep them involved that but they are going to
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  Speaker 1: be are there are future leaders. There are leaders now
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  Speaker 1: and our future. So we have to find a way
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  Speaker 1: to be inclusive and each other, help each other the
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  Speaker 1: best we can, and that's where the boomers have a
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  Speaker 1: chance to mentor But you know, what I feel like
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  Speaker 1: the millennials are mentoring me sometimes, especially when it comes
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  Speaker 1: to technology. But I think it's really important that we
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  Speaker 1: that we have more equality in the workplace. I want
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  Speaker 1: equal pay for equal work. I want more women in
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  Speaker 1: the c suite. I want not only just white women,
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  Speaker 1: I mean all women. I want people that live with disabilities.
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  Speaker 1: I just want inclusion. That's what I want. I want
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  Speaker 1: and now people have a voice. When I was growing up,
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  Speaker 1: we were fighting so hard to just to get a
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  Speaker 1: seat at the table. Now people expect to have a voice,
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  Speaker 1: and it's so much healthier. You're making me think. We're
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  Speaker 1: at the Pershing Insight conference down in Florida earlier this year,
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  Speaker 1: I believe it was in June. One of the executives
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  Speaker 1: was giving a ted talk the event about and and
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  Speaker 1: and his mentor, a millennial was with him and they're
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  Speaker 1: can back and forth on how older people can be
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  Speaker 1: mentored by millennials. How about you both The comments starting
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  Speaker 1: with you, steffany something you encourage people to do something
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  Speaker 1: that makes a difference. Yeah, I think so. And Deloitte's
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  Speaker 1: done this. We have millennials and leadership positions that are
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  Speaker 1: also doing what we would call reverse mentoring um. But
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  Speaker 1: also we're seeing this with our clients more often than not.
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  Speaker 1: Our clients are starting to say, we want our millennials
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  Speaker 1: to reverse mentor us because we want to understand how
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  Speaker 1: this generation thinks. We also recognize that it's not at
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  Speaker 1: the sacrifice of other generations. So a lot of the
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  Speaker 1: things we found in the research, purpose, technology, innovation, collaboration
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  Speaker 1: and benefits all. I think it's great. Listen, I'm always
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  Speaker 1: asking the young ones. First of all, I'm still very
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  Speaker 1: involved with the Bility King leadership. We just hired our
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  Speaker 1: new executive director, Shari Sperit. She's in her thirties. There
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  Speaker 1: we go, she's mentoring me. I'm helping her. Also, I
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  Speaker 1: do some coaching in tennis with the kids, so I'm
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  Speaker 1: always having them help me with technology. I go to
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  Speaker 1: the kids for guys, come over and help me with
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  Speaker 1: this technology. How can I learn? How can I get better?
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  Speaker 1: What gets me? The only you gets me irritated sometimes
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  Speaker 1: at the millennials, and I love dearly. I wish I
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  Speaker 1: were one. Uh is that I don't sometimes well, even
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  Speaker 1: like we're talking about the elections, I said, have you
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  Speaker 1: looked up everyone's story? They didn't know anything. I said,
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  Speaker 1: you guys, I would have given anything that had the
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  Speaker 1: information at my fingertips. The way it is today, it's
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  Speaker 1: so exciting. I said this, you have no idea, so
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  Speaker 1: please use it. And so I said, just know everyone's journey.
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  Speaker 1: It's right there. You can look it up, what their
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  Speaker 1: journey has been. Get an idea, who they are, what
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  Speaker 1: they've done. That's what's important, and then you'll make better choices. Well,
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  Speaker 1: I think you've been an excellent choice to join us
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  Speaker 1: here on taking stock today. Thank you so much, Tennis sugeon,
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  Speaker 1: Billy Jean King. That's all you need to say, Billy
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  Speaker 1: Jene King, and everyone knows who you're talking about. But
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  Speaker 1: also nice to meet you two. Stephanie Turner, co author
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  Speaker 1: of the Millennial Majority Will Transform Your Culture Manager in
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  Speaker 1: Deloitte's Survey Research and Analytics Center, some great information on
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  Speaker 1: millennials in the work place and workforce. We thank you
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  Speaker 1: so much for joining us, Thanks for having us. Kathleen
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  Speaker 1: Hayes Long and Pim Fox and this is Bloomberg. Yes,