Millennials, also known as GenY, now make up the largest living generation in the United States, surpassing the Baby Boomers. There are more than 83 million millennials and they are now the fastest growing segment of the workplace. There are certain traits or characteristics they share due to the world and culture they were raised in. Understanding how they think and what they want and expect is very important to employ them successfully.
GenY care more about life-work balance than other generations. They care more about family and are willing to take less money for fewer hours and more flexible schedules. It’s not just about money for them.
They are super tekkie. This group is all about technology and use smartphones, laptops and social media. Emails and texting are how they choose to communicate rather than the old fashioned phone calls. Twitter, Instagram, Facebook, and Snapchat are an integral part of their lives.
Since this generation was raised by the Baby Boomers, they were coddled by their parents and given all the things that their parents didn’t have. They were given tons of attention and praise so in the workforce they expect the same type of treatment. They were all given participation medals growing up and all expect to be treated like VIP’s no matter their talents.
Since Millennials put themselves and their lifestyle above company loyalty, they are always looking for something better to suit them. They have no fear of job hopping and their resumes usually reflect this pattern. If they are not happy and they are not being valued the way they feel they should, it’s onto the next job or to start their own gig.
Another characteristic about Millennials is that when they like something, they are truly passionate and they will dedicate themselves totally. Since they grew up being team players, they have a tendency to treat their bosses as peers or friends which can be problematic. However, once management understands the GenY mindset, they can set some boundaries and harness their talents and passion and achieve great productive results.
GenY is all about being healthy and taking care of the environment. Having fruit and other healthy snacks available in their breakrooms is a huge benefit, and showing Millennials you care about them and their health goes a long way to keep them happy and committed to their jobs.