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Managing the New Generation by Carolin Rekar Munro

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Incentivizing peak performance with financial rewards

A few years ago, I facilitated a retreat for aspiring Gen Y leaders, and one of our activities was to create a storyboard that represented their vision of the future. Specifically, the guiding question was, "What does your life look like when you are living into your full potential?" Envisioned were grand-scale entrepreneurial ventures with common threads of philanthropy and sustainability, winding through the stories and connections with influential people that could advance their careers. Also, most stories told the tale of the riches Gen Y hoped to have as a result of their efforts. They reveled in the promise of paychecks that could give them the purchasing power for the latest electronic ...

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