Why Millennials Matter?
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The Millennials reshape the workplace, attracting best of this generation is critical for every business.
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Millennials, the generation of power, enthusiasm, and perceivers, this is what makes them different from the other generations. What they require is flexible work environment but quick feedback and encouragement.
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They are not concerned about ‘how things used to be done’, they believe in innovation and evolving through learning and experiencing.
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Their affinity with the technology is what makes them more capable, as this is the first generation which grew up with smartphones, laptops, and social media.
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They are from a technology-based environment because of which they carry a different attitude at the workplace than more senior workers, the baby boomers.
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About 60% of the workforce happens to be millennial. They are just not motivated by money they legitimately want to contribute and learn.
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Millennials prefer organizations that have open, transparent and inclusive leadership styles; and they thrive on fairness and performance-based appraisals, not tenure and seniority.
Additional Statistics:
40% Millennials | Expect Management Position in Two Years |
At the age of 20 | Appreciate New Jobs & Assignments |
In the tenure of 3-5 years | Expect Promotion |
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Millennials would prefer to have access to a number of peers and other leaders, rather than being limited to working with one leader or manager, and finally; Millennials thrive on innovation and change.
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No wonder, today companies are focusing on millennials, they have influenced the way organisations to work and operate, also represent the challenges which companies would be facing in future.
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Because Millennials are young consumers and professionals, they inevitably carry a high lifetime value. Whether you’re trying to market to Millennial consumers, sell to Millennial B2B buyers, or attract and retain Millennial workers there is a tremendous benefit in the long-term value they carry.