By 2025, Gen Y is going to make up 75% of the global workforce and their independent-thinking and entrepreneurial mindset is going to change the future of the workplace.
Unless employers can understand this, they’ll risk losing their top talent, says Dan Schawbel, founder of Millennial Branding and author of the new book “Promote Yourself.”
Schawbel’s Gen Y research and consulting company conducted a recent survey with oDesk, a global job marketplace, and found that freedom-seeking young people have their own definition of “entrepreneurship.”
“The number one reason why [Gen Y employees] leave is a lack of career opportunities,” Schawbel tells us. “If you can’t show them a path up, if you’re not going to mentor and support them, they’re out.”
In the interview @ Business Insider, Schawbel tells us about Gen Y’s definition of entrepreneurship, how companies can retain their young talent and create a culture that attracts young people and makes them want to stay there.
Chosen excerpts by Job Market Monitor
via Gen Y’s Impact on the Future of Work – Business Insider.
Related Posts
Gen Y / The largest generation in American history in the cradle
The nearly 3.7 million American babies born in 1982 weren’t special, except to their families. But in the eyes of demographers, they were categorically different from the 3.6 million Americans born in 1981. They were the first members of a new club: Generation Y. This so-called millennial cohort, the largest generation in American history, landed … Continue reading »
Gen Y / Looking for flexibility over financial reward
Generation Y would choose workplace flexibility, work/life balance and the opportunity for overseas assignments over financial rewards, a study published by PwC has found. The PwC NextGen survey of 44,000 workers, in conjunction with the London Business School and the University of Southern California, reveals Generation Y are more likely to stay in a job … Continue reading »
Gen Y: A ‘ticking time-bomb for employers ?
Generation Y workers represent the management class of the future, yet they also exhibit a new-found job mobility which, from an employer’s point of view, is a ticking time-bomb of potential cost and disruption to their businesses. The iOpener Institute in October 2012 gathered and studied questionnaire responses relating to workforce issues from over 18,000 … Continue reading »
Millennials / More active in their job searches than older seekers
A study by the hourly employment network Snagajob revealed that millennials, once accused of being the laziest generation ever, are more ambitious in their job searches, re-engage in the process at a faster rate and apply for more jobs compared to older job seekers. Over the past year, younger job seekers increased their job application … Continue reading »
US / Millennial / 2013 Outlook Grim
The latest jobs report doesn’t hold much promise for millennials looking for work. The overall unemployment rate for 18 to 29-year olds in December was 11.5 percent, according to the national, non-partisan organization Generation Opportunity, which analyzes the data specifically for that age range. David Pasch, Generation Opportunity’s Director of Communications, told HuffPost Live Monday … Continue reading »
Survey / Hiring managers will hire Matures over Millennials
A recent survey on behalf of the staffing firm Adecco USA Inc. finds that hiring managers will hire Matures (50 years old and above) over Millennials (22 through 31 years old). In fact, they hire Matures three times as often (60 percent versus 20 percent). As might be anticipated because of the level of responsibility, … Continue reading »
How Millennials Work Differently From Everyone Else
As more and more millennial workers assume management positions, you may notice changes in the nature of the workplace. Why? Because there are distinct differences between the work styles, expectations, and career perspectives of younger and older workers. A new survey conducted by HarrisInteractive on behalf of CareerBuilder between May 14 and June 4, 2012 … Continue reading»
Millennials – Athens the best metropolitan areas for 18 to 29 year olds ? Yes, Athens, Georgia
A weak job market, along with the high cost of higher education, have made it difficult for the average college graduate in America. Approximately 53 percent of college graduates under the age of 25 are either jobless or primarily working jobs that don’t require a college degree, according to an April study by Drexel University. … Continue reading »
US / Youth Unemployment Will Cost $18 Billion Over The Next Decade
America has a youth unemployment problem, and it’s not just the kids who are suffering. The nation is poised to lose $18 billion in wages over the next decade due to high youth unemployment, according to a Bloomberg Brief from Bloomberg Senior Economist Joseph Brusuelas. Brusuelas estimated that about 1.3 million 16- to 24-year-olds have … Continue reading »
Discussion
Trackbacks/Pingbacks
Pingback: Millennials in US – Detached from institutions, networked with friends Pew finds | Job Market Monitor - March 20, 2014
Pingback: Millennial in US – Some facts are true, others … | Job Market Monitor - May 20, 2014