Thursday, September 14, 2017

Millennials in Business: A Force of their Own



Despite the overall assumption that members of the millennial generation are difficult to please, recent evidence has indicated that millennials are most commonly their employer’s most fervent supporters.

The millennial stigma comes with labels of lazy, expecting everything to be handed to them and their excessive need for approval. However, millennials are proving this wrong with their dedication and enthusiasm for their jobs.

Businesswire.com[1]  recently released an analysis of employee engagement surveys, polled from 350 companies and 6.8 million workers. The results showed that 73% of millennials would recommend their organizations and places of work to others, as “good places to work compared to the 70% of the overall workforce.” 

This research also indicated that millennials are more positive about moving up in the company, “54 percent favorable, compared to the 46 percent of the overall workforce,” and 71% feel that their managers support their development. This not only shows their enthusiasm for their current job, but it showcases a willingness to create a name for themselves.

The analysis also unearthed where millennials core values and faith lies within the company. This generation tends to stake their belief in creating change and making this world a better place. They’re thinking big, optimistically and are looking to inspire. 71%, compared to 65% of the entire workforce, said they were in favor of “the extent to which their companies are responding effectively to changes in the business environment.” 78% were also in favor of the prospects of success for their companies over the next 2-3 years. They were overwhelmingly in favor of their companies treatment of people with respect as well as promoting diversity in the workplace.

This analysis seems to refute the common millennial stigma as it shows dedication and hard working business men and women taking on the workplace challenges with an overarching positivity.
They are not intrinsically different humans from all who came before them, as most books, articles, podcasts and business journals often suggest. New strategies are being crafted every day on how to manage millennials’ sense of entitlement and perceived laziness. It seems a bit silly to go through all this work in order to understand this generation.

It is estimated that by 2025, millennials will make up 75% of the workforce. But based on the evidence of this analysis combined with the fact that millennials are highly educated and extremely tech savvy, it seems as though they will become a force of their own in the business world.

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LINK TO SOURCE: http://www.businesswire.com/news/home/20170906005695/en/Surprise%21-Millennials-Fact-Highly-Engaged-Workplace-Korn