Millennials, also known as Generation Y, are the generation cohort born roughly between the 1980s and the early 2000s.
Did you know by 2025, millennials will make up 75% of the global workforce. As it is, they account for 25% of the UK population, around 16.2M people at the last count!
So what kind of people are they? And how does this affect your workplace?
1. They’re not a fan of the traditional stuff
The millennial generation are unique in the sense that they’re not comfortable with traditional rigid corporate structures. Instead, millennials expect to progress rapidly with constant feedback, new experiences and continual opportunities to learn.
For this reason, they’re not content with holding down just one or two jobs in their working lives. They actually have an average of 6 to 8 with a 1/3rd planning on working for themselves at some point.
2. Don’t try to slow them down
Millennials drive to keep learning as well as rapidly working themselves up the ladder means they’ll just as quickly move on if they find they’re not progressing.
In fact, 38% of millennials who are already employed have said they are actively searching for a new job and 43% said they’d be open to job offers. Only a tiny 18% expect to stay in their current role for the foreseeable future.
3. They don’t trust their employers like they used to
Nowadays, there’s a growing feeling that many companies don’t really care about individual staff. Instead, they’re incredibly focused on the end product and churning out a profit. And obviously, this doesn’t sit well with most people, let alone the millennial generation.
4. Getting ‘rich quick’ isn’t their main goal
Money just isn’t the same motivation as it used to be. In a recent survey, when asked ‘what would help them live a happier, more fulfilled life’, UK millennial’s voted higher for enjoying their work than having friends and an active social life.
Clearly, it’s now all about enjoying what you do on a day-to-day basis. As the saying goes… if you find a job you love, you'll never work again. And this couldn’t be truer than with the millennial generation.