The Importance Of Millennials In The Workplace

Millennials have a different point of view on what they expect on their work experience. Most

Today, the workforce is made up of many different generations, which is affecting and effectively changing the workplace culture as a whole. The major generational differences between millennials and baby boomers can be either positive or negative depending on whom you ask. Boomers may categorize millennials as lazy and entitled, while millennials may call themselves innovative. No matter what they call themselves or each other, they all have to work together now as simply as that. This topic has sparked a lot of discussion as to how it’s best for each generation to act and deal with their other generational coworkers.

To start, this shift towards a shared economy is giving Millennials a bad reputation. Instead of focusing on their spending habits, Huffington Post blogger, Tim Urban, targets the work ethics of the younger generations in his article, “Why Generation Y Yuppies Are Unhappy.” In fact, Urban believes that younger generations were too spoiled in their childhood, so by the time adulthood hit they were destined to be failures. In addition to

Currently the Millennial generation comprises between an estimated 10-17% of the Controller’s Office, when defining a millennial as someone between the ages of 18 to 34 (Pynes, 2004, p. 28). In the chart below (Figure 1), you can see the breakdown of the office’s age groups. As the 60-65 year olds leave the workforce it will be important to recruit individuals within the younger generations to develop a visionary workplace

Many employers are challenged with handling the millennial due to the lack of proper understanding of this generation since there is plenty of myths, propagated through anecdotes and assumptions. However the separation of the myths and the facts is important for an organization so as

Upon reflecting on the three main generations that comprise the workplace today, a few differences emerge. “Baby Boomers” grew up in a time when movements were prominent, the Vietnam War occurred, key figures were assassinated, the Watergate Scandal occurred, and television was introduced (Twenge et al., 2010; Schullery, 2013). Overall, “Baby Boomers” seem to exhibit a distrust of authority, value hard work, and want to enjoy their achievements (Robbins & Judge, 2015; Twenge et al., 2010). As such, they are results driven and give their utmost effort (Robbins & Judge, 2015). “Generation X” grew up in a time of computers, divorce, two career parents, MTV, and economic uncertainty (Twenge et al., 2010; Robbins & Judge, 2015). For the most part, they seem to exhibit the workplace behaviors of independence and a lack of commitment to employers (Twenge et al., 2010). They value a balance between work and life and place more focus on extrinsic rewards such as monetary compensation (Twenge et al., 2010). “Millennials” grew up in prosperous times with technology dominating the era and over-protective parents (Robbins & Judge, 2015; Schullery, 2013). Generally, they seem to place a greater value on employee benefits, leisure time, teamwork, and open communication (Society of Human Resource Management, 2004; Twenge, 2010; Myers & Sadaghiani, 2010). In addition, they have also been given the labels of “self-centered” and “entitled” (Myers & Sadaghiani, 2010).

Millennials are categorized in many differ ways. Some people believe Millennials are lazy and narcissistic while other people believe they are more open-minded confident, self-expressive, liberal, upbeat and receptive to new ideas and ways of living. This starts different disputes between individuals. For example, Hasan Piker argues Simon Sinek statements made in the video, “On Millennials in the Workplace.” Sinek uses his motivational speaking skills to persuade the audience that Millennials, people reaching young adulthood in the early 21st century, are catered to and entitled. He uses four examples that back up his reasoning: parenting, technology, impatience, and environment. In contrast, Piker responds differently, believing that Millennials work for their status. Piker argues Sinek’s views about Millennials in the video “Young Turks on Millennials.” Both Sinek and Piker use different rhetorical strategies to entertain and persuade their audience about Millennials.

Gloria Larson discusses that it is often noted that recent graduates of college have a high unemployment rate, causing people to wonder if college is preparing students for the workforce. She stresses that she believes students are prepared, based off of her school. Even so, she asks the question “what will it take to ensure that millennials are fully prepared in the workplace?” Larson then explains that a research company, called KRC Research took a survey of 3000+ stakeholders to look into this question. This survey hit on a key point: businesses vary on skills expected from their new hires, however most said they agree that new hires should have both hard and soft skills. The study also noted that more than half of business leaders prefer

The so called millennial generation, also referred to as Generation Y and commonly called the Net generation, due to the effect of the internet, are made up of citizens in the United States born between the years 1978 and 1999. This generation has become very familiar with technology because they have grown up with it. They were raised with this new technology such as e-mail’s, instant messaging, and even cell phones. Not all of these new devices have been helpful. In the workforce specifically things have changed especially with communication. Many business had to change their ways of “running the firm” to adapt to the new generation. Business are struggling to adapt to their technological ways, and the effects

281). The writers present the “popular perceived” stereotype of Millennials to include: disloyal, neediness, over all casualness and sense of entitlement (Thompson & Gregory, 2012, p.238). Thompson and Gregory (2012) suggest Millennials entered the job market as veteran employees were either fired or asked to increase productivity “while compensation was flat” confirming what many Millennials believed: “the psychological contract is dead” (Thompson & Gregory, 2012, p.240). This observance allowed Thompson & Gregory (2012) to assert, “Millennials are much less likely to stay with employers simply because they think it is the right thing to do” (Thompson & Gregory, 2012, p239). The article progresses and researchers assert key components that contribute to millennial loyalty and retention with an organization including, “good work-life balance, meaningful work, and sufficient attention recognition” (Thompson & Gregory, 2012, p.

Millennials tend to be technologically advanced and eager to learn. They also value social responsibility and team-work. They are often seen as impatient and quick to express opinions without having all of the data. Millennials are quick to jump-ship if they do not feel if they are progressing fast enough, often at speeds that might be seen as unreasonable. Dayan (2005) says that about 5.6 million Millennials are about to enter the employment market. Millennials are said to be the most challenging generation for employers.

Many changes are happening in the workforce today. Our labor environment consists of multiple generations, which creates fundamentally differing approaches to everything from work ethics, business management, and co-worker cooperation. The most recent generation, commonly known as “Generation Y” or the “Millennial” generation, is slowly taking over the workforce. Because they bring with them a radically new mindset and opinion of labor, the global business infrastructure should be modified to not only accommodate “Millennials,” but also to remain sympathetic to the business practices characteristic of previous generations. Doing so will provide more harmony and productivity among co-workers of different generational backgrounds.

The upcoming generation, millennials, are a new type of generation. They have proven to be the most educated generation, despite the hard times in the economy. Yet they still face criticism from their elders on their work ethic. Although they seem to all be lazy and not interested in working, not all millennials are like that. They just have different values in life, and balance work life with free time. Millennials have faced a lot of criticism on their work ethic, which has many questioning do millennials have a strong work ethic. They are said to be lazy narcissistic tech addicts, who don’t take any job seriously and slack off. What most don’t know is that the economy hasn’t been in the greatest of shape, this makes work ethic hard to

When it comes to Millennials, there is nothing that screams “business as usual.” Consequently, savvy leaders who want to remain successful in the global business arena, must concede their current method of attracting, engaging, developing and retaining Millennials as future global leaders is ineffective. Therefore, today’s leaders must develop a more compelling strategy to entice Millennials into leadership. Failure to use strategic foresight to recognize trends regarding future organizational trends and take timely actions to change their tried and true, old school philosophy regarding developing and retaining talented employees will result in losing the competitive edge, which is driven by technology-laden Millennial’s who are poised to innovation.

Generational changes are having a significant impact on workers motivation. Millenials are the new generation of workers entering the workforce. They are characterized as being intelligent/well-educated, independent, and having internally controlled value systems (Amar, 2002, p.24). They also have a higher employee satisfaction rate at 55% to 46.5% for baby boomers (Amar, 2003, p.