According to the Pew Research Center, millennials are a diverse group of people that were born between 1981 and 1996. Today, they are anywhere between 25–40 years old and represent ⅓ of the U.S. workforce.
As of 2019, the millennial population surpassed baby boomers in the U.S., becoming America’s largest generation. By 2025, they’re expected to make up 75% of the labor force. Learning what it takes to attract and retain this growing workforce has never been more important for leaders.
So what matters most to millennials in the workplace?
Despite their reputation, the expectations millennials have of their employers are quite reasonable. Here are the most common things that millennials value in the workplace:
- Work-life balance
- A sense of purpose
- Ability to make a positive impact
- Modern use of technology
- Opportunities for advancement
- Inclusive culture
- Ethical workplace and leadership
Ever since millennials have crossed the threshold of childhood, they have constantly been under the employment radar and are probably the most over-scrutinized, overanalyzed generations of all times. Marketers have termed them the “hardest target audience to engage” and managers in all industries call them the “hardest bunch to manage”. If you are an employer or a manager having a tough time managing and retaining millennial employees, please reach out to our professionals and let us help today!