Millennials – aka Generation Y – are changing the business development rule book. Sometimes referred to as digital natives, Millennials are roughly defined as anyone born between 1980 and 1997, though there are no exact dates for when the millennial generation starts and ends.
According to a recent study by the Pew Research Center, the nation’s approximately 75 million Millennials outnumber Baby Boomers in the workforce. This milestone occurred in the first quarter of 2015, as the millennial workforce has risen rapidly. By 2020, Millennials will form 50% of the global workforce. However, despite the increasing presence of Millennials in the workforce, there is a growing disconnect between business organizations and Millennials when it comes …show more content…
Although many see the Millennial generation as only tech savvy micro-bloggers (who speak only through social networks), Millennials actually value genuine and personal communications. The “Me Generation” of Millennials is accustomed to personalization and authenticity, and their relationships are no different. Considered one of the most socially conscious generations, Millennials tend to be much more tolerant, honest, and transparent than preceding generations. Millennials believe in plain and concise communication (they have mastered the art of 140 character communication) and they prioritize meaningful and straightforward communication – a tenet to building positive …show more content…
For businesses, understanding the millennial mindset opens doors to opportunities. As Baby Boomers retire, and Generation X is a significantly smaller demographic, Millennials will become the dominant force in the workplace and take on business leadership roles. For other generations, the idea of “learning to accept” the untraditional is new; but for Millennials, this is the norm. To dismiss Millennials as being simply self-centered, demanding, or over-opinionated overlooks what makes them special and different from other generations. Millennials will challenge, expect more, and desire deeper, more meaningful relationships. Millennials are not only taking over in the workforce and becoming half of the employee base, they will also become the majority of clients, customers and decision makers too. Business leaders need to accept Millennials, as this generation is not just going to work for a company; they will change the rules on how companies approach growth opportunities and business development. The companies that embrace these unique differences, instead of refusing them, are the ones that will break new ground in the workplace and the
According to a recent study by the Pew Research Center, the nation’s approximately 75 million Millennials outnumber Baby Boomers in the workforce. This milestone occurred in the first quarter of 2015, as the millennial workforce has risen rapidly. By 2020, Millennials will form 50% of the global workforce. However, despite the increasing presence of Millennials in the workforce, there is a growing disconnect between business organizations and Millennials when it comes …show more content…
Although many see the Millennial generation as only tech savvy micro-bloggers (who speak only through social networks), Millennials actually value genuine and personal communications. The “Me Generation” of Millennials is accustomed to personalization and authenticity, and their relationships are no different. Considered one of the most socially conscious generations, Millennials tend to be much more tolerant, honest, and transparent than preceding generations. Millennials believe in plain and concise communication (they have mastered the art of 140 character communication) and they prioritize meaningful and straightforward communication – a tenet to building positive …show more content…
For businesses, understanding the millennial mindset opens doors to opportunities. As Baby Boomers retire, and Generation X is a significantly smaller demographic, Millennials will become the dominant force in the workplace and take on business leadership roles. For other generations, the idea of “learning to accept” the untraditional is new; but for Millennials, this is the norm. To dismiss Millennials as being simply self-centered, demanding, or over-opinionated overlooks what makes them special and different from other generations. Millennials will challenge, expect more, and desire deeper, more meaningful relationships. Millennials are not only taking over in the workforce and becoming half of the employee base, they will also become the majority of clients, customers and decision makers too. Business leaders need to accept Millennials, as this generation is not just going to work for a company; they will change the rules on how companies approach growth opportunities and business development. The companies that embrace these unique differences, instead of refusing them, are the ones that will break new ground in the workplace and the