The workplace has seen many changes over the last 50 years. Fifty years ago, people would work one or two jobs for their career their entire lives. Now we expect to change jobs about every 3-4 years. Once baby-boomers entered the workforce, this introduced the largest generational class in the workplace and still is to date. But more and more baby- boomers are starting to retire and with-in the next 5 years the vast majority of them will have retired or very close to retirement. This brings a big problem to employers who have had baby-boomer employees that have worked for companies as long as 10, 20, or even 30 years or more. This brings about the largest shift in the workforce, with the introduction of the millennials.
Millennials, or Generation Y as they are sometimes referred to, is starting to enter into the workforce, bringing a huge cultural change with them. This generation has been brought up in a technology filled environment and sees the world in a whole different way than past generations. The millennials have known to be very social, free spirited, the troublesome generation, fighting authority and the most difficult to manage. They also may be the key for success for businesses of the future, not only for how they see the world, but also because of their numbers.
As the once dominant baby-boomer workforce is starting to retire, millions of jobs will open up. The millennial generation is said to be the next largest (and possibly thee largest) generation to have entered into the workforce. As I said before this brings about a huge cultural shift, and employers need to be ready for this change, because how they handle this new change will determine how the company will do in the future.
For employers, this means that it has never been more important to attract a younger working class. It is important for employers to understand the strengths and weaknesses of the millennial generation in order to target those needs build a new working class. Employers and managers need to develop new training courses and mentoring in order to tailor and harness this new generation. Another very important factor for employers are once they have attracted, trained and have mentored new employees, they need to make sure that they retain this new workforce and continue to grow and develop. Brought up in a fast pace, ever changing environment, millennials like a work environment that reflects that, so it is important to have new tasks and projects in order to keep them engaged and interested it their work and are more likely to stay with the company.
What does this mean in terms of diversity? It means that there is going to be a huge generational diversity change, from an older working class to a much younger one in the next few years. It is extremely important that employers are aware of this and start planning on how to handle this age diversity in the work place and make sure that the work environment fits the needs of younger employees, without discriminating against the older generations. Millennials are also a much more culturally diverse generation, and so it is important that employers take note of this and attract a wide range of young employees.
As a part of the millennial generation, I find this to be a very exciting time as fresh blood moves into the workforce. Our generation has a lot of potential for growth and development and I see this as an opportunity to reshape the business world. Being a more cultural, well-rounded generation, allows us to bring a lot of different perspectives to the table. With this generational switch, it also means that the competitive job market will become even more competitive, especially as employers are all trying to attract our generation. But as a very competitive, craving action, full of life and optimism, I feel that we are up for the challenge and adversity that awaits and should bring about a whole new cultural shift.
Posted by Jordan