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By the year 2025, approximately 75% of the global workforce will be comprised of millennials, according to a study conducted by Deloitte. This is a very significant measurement because it identifies who human resource managers will need to recruit and retain now and into the future. To gain a better understanding of millennials and their significance in the workforce, it is essential to review general characteristics that represent most millennials.
Millennials were born between the early 1980’s to the late 1990’s and currently represent about 38% of the global workforce and will soon represent a far larger amount. Millennials are technologically driven as they grew up with widespread use of the internet, cell phones, social media and more digital technology. Technology has played a significant role in how millennials have communicated throughout their lives so millennials expect constant communication through email, text and social media which many companies have catered to and embraced effectively. Millennials are resourceful and like to make use of technology to conduct research quickly and make decisions based on their findings. Millennials are less interested in repetitious tasks than previous generations as they seek to create, innovate and leave their mark wherever they go. Millennials want to feel valued in the workplace and prefer to be appropriately praised for their achievements.
Millennials have gained a reputation as job-hoppers, and the data supports the claim since approximately 60% of millennials are open to new employment opportunities according to a study conducted by Gallup. The reasoning behind that reveals that millennials place a high emphasis on the value that their careers are providing and if they feel as though they can get a better value elsewhere, they aren’t afraid to make a move. Millennials won’t budge on important considerations such as work-life balance, flexible scheduling, opportunities for career advancement, as well as competitive wage and benefits. These are important for human resource managers to consider to emphasize in their recruitment material to millennials as well as consideration when discussing employee retention efforts.
During a Store Operations Management Internship that I completed with Wegmans Food Markets, I studied this topic and drew some conclusions about millennials in the workplace. By surveying a group of 66 millennials employees as well as 35 human resources representatives, my study revealed that millennials generally do enjoy working for Wegmans as the company matches all of the criteria that the millennials indicated that they seemed to want in the workplace. The millennial employees and human resource representatives both identified flexible scheduling, opportunity for advancement and wages to be the top 3 most important things for millennials in the workplace.
The human resource representatives indicated that attending career fairs, engaging with school career centers, making use of job search engines and social media for recruiting are effective ways to recruit millennials. In general, the millennial employees enjoyed working in a team, non-repetitive tasks, flexible scheduling, diversity in the workplace and eco-friendly practices. In fact, many studies have concluded that eco-friendly practices are among Go to the full article.
Source:: Business 2 Community