Who are the Millennials?

Millennials are known as generation Y. They are born between 1981 to 1996. The world refers to them as “echo boomers” due to a major surge in birth rates. Almost 30% of millennials would be more willing to purchase from a company if their purchase supports a cause. 56% of millennials are usually either one of the very first to try new technology or are among the first group to try new technology.
Millennials want benefits and perks that directly impact their lives and the lives of their family members.
Millennials: Generation Y and the Future Workforce - who are millennials?

Millennials: Generation Y and the Future Workforce – who are millennials?

Characteristics of the Millennial Generation

Every generation has its uniqueness. The millennial generation has its unique characteristics as well. They want to make an impact in the workplace to incorporate their skills into a profession successfully. Millennials are often characterized as a group that is not afraid to ask for what they need.    Their unique characteristics imply,
  • better workplace balance,
  • quality relationships, and
  • quality experience in the workplace.
Millennials: Generation Y and the Future Workforce - Generation Y

Millennials: Generation Y and the Future Workforce – Generation Y

Millennials leave the work by design, not by the fault. They chose to become entrepreneurs. One of their uniqueness is that they do not wish to work in the same organization for too long. They have a timeline for their work. When they finish work, they wish to leave and go for another job. Their generation does not fear to quit from one place and look for another place to work.  Organizations of the future will have contrasting features because of millennials. Now, the organizations have features such as hierarchy, profit, large company, and work onsite, but thanks to the millennials in the future they will be changed to a flat structure, bringing value, govern like startups, and work from anywhere. So there will be less hierarchy in the workforce tomorrow.  Even though we predict the millennials become significant to the workforce in the future they have difficulties in their lives every day. The pressure to get a university degree and the pressure to get a job to help their families are a few main challenges they face today.   

How Do They Differ From Other Generations?

Generation Y

Generation Y

It cannot be denied that the millennial generation is different than previous generations. It becomes increasingly essential that current members of the workforce understand the fundamental aspect of this generation as it can be the future of the workforce. Even the soft skills which are essential for the workforce will change in the future. Collaborative work, kindness, flexibility, empathy, learning to learn, creativity and human integrity will become the main soft skills that are essential for employees while people-centric, innovation and employability become the most fundamental soft skills for future employers. These will have competitive advantages while working with AI( Artificial Intelligence) in the future workforce. Knowing the fact that the soft skills which are essential to the workforce in the future will be changed due to millennials, we need to make sure that the current workforce is also ready to change their soft skills and the characteristics of the workforce gradually so that in the future they will not face major issues when the millennials become one of the key manpower in the workforce. 
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