The millennial demographic is growing at a pace that is inexplicable. Their fresh mindset is like a breath of fresh air at the workplace.
A conjecture says that by the year 2030, 75% of the workforce population shall consist of millennials. And, employers, in a way, feel happy seeing this evolution as not only these young workers are tech-savvy but are overloaded with fresh and amazing ideas that can turn out to be incredibly beneficial for businesses.
There was a time when the word ‘young’ was considered synonymous to ‘reckless’, nevertheless, today’s millennials with their fancy jobs have changed that completely. So much so that employers see a great potential in them for bringing a youthful, energetic vibe to the workplace.
They also say that it’s the diversity, passion and the pragmatic attitude that make millennials a positive influence on the workforce. According to HR leaders, there have been countless times when they enter an organization as interns and end up turning into full-time employees by exhibiting their knowledge and caliber. Especially, the tech companies are overly enthusiastic to hire people from this diverse generation due to their knack for leading-edge technology.
Challenges faced by Employers to sustain Millennial workers
However, one cannot say that having millennials as a huge part of your workforce is all and no work. As they are known for their high speed when it comes to moving from one company to another in the search for more satisfaction, a better job position, a more challenging role, and money, but of course.
As a matter of fact, in an article presented by Gallup, the millennials have been referred to as ‘the Job Hopping Generation’. As per the data collected by them, 60% of the millennials are open to new jobs and also, 21% of them switched their jobs last year. And, the most shocking fact revealed by this study was that millennial turnover costs as high as $30.5 billion to the U.S. economy each year.
It has been stated in a plethora of research papers that millennials are, by far, less engaged as compared to any other generation. Hence, HR leaders have to take an extra mile to keep this zealous generation busy and content with what they are doing. They are also prone to not being very eager about having face to face communications and are often seen having a problem with making a strong eye contact.
Learning is the Top Priority for Millennials
The millennial generation is considered to be the most learned and knowledgeable demographic the history of the United States. They are mostly seen jumping from one course to another all throughout college.
It is believed that they have an innate curiosity to gather information on diverse topics which makes them non-stable at one job position. This is especially true for individuals with a technical background as there are so many technological platforms along with programming languages that they have to become handy on and that makes them anxious to change jobs.