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Millennial – A Next Generation Workforce

Millennial are those born in the 1980s and 1990s, also known as “Generation Y” began entering the workforce in the late 1990s and early 2000s.

According to the Pew Research Center, Millennials surpassed all other generations in 2016 as the largest portion of the workforce. As of 2017, 56 million members of the workforce were born between 1981 and 1996, compared to Generation X, which accounted for about 53 million, and baby boomers, who accounted for approximately 41 million. Within two years 50 % of the workforce is made of millennials in the US.

India is on track to become the youngest country in the world by 2020, with a median age of 29 in which more than 400 million Millennials are born after 1982, and a third of India's population and 46% of its workforce are millennials according to Morgan Stanley Research.

Here are the challenges you need to know when managing a millennial workforce:-

  • · They Are the Least-Engaged Members of the Workforce
  • · They Prefer Flexible Work Schedules
  • · They Want to Have a Meaningful Connection With Their Company
  • · They Embrace Diversity in the Workplace

 

 

5 Tips for Managing Millennials in the workforce

· Make Teamwork – A part of the company culture

· To take advantage of their electronic or social media knowledge.

·To embrace diversity and flexibility.

· To allow working remotely.

 

   5 Mistakes that leaders think when it comes to millennials:-

  • ·  Misunderstanding millennial motivations.
  • ·  Leaders always assume that millennials are only interested in technology for purposes of play.
  • ·  Failing to motivate millennial employees personally
  • ·  Assuming that all young people are alike.
  • ·  Underinvesting in employee training.

 

So that’s why Millennials are digital natives, who have witnessed the incredible changes in technology and are eager to apply technology to solve workplace problems.

 

 

 

 





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