MILLENNIAL CAREER MINDSET

There is a shift in the career mindset of the Millennials. Of the four generations, Millennials are the only ones that don’t cite “work ethics” as one of their principal claims to distinctiveness. A nationwide Pew Research Center survey taken in 2009 may help explain why. This one focused on differences between young and old rather than between specific age groups. Nonetheless, its findings are instructive.

Nearly six-in-ten respondents cited work ethics as one of the big sources of differences between young and old. Asked who has better work ethics, about three-fourths of respondents said that older people do. By similar margins, survey respondents also found older adults have the upper hand when it comes to moral values and their respect for others.

Millennials view the workplace through the same lens of new technology as any other aspect of their lives: instant, open, and limitless. The era they have grown up in has shown them that nothing is a guarantee. Instability and rapid change are the norms. To millennials, time no longer equals money. It is a limited resource to be spent wisely and actively managed.

Millennials may be a self-confident generation, but they display little appetite for claims of moral superiority.

It might be tempting to dismiss these findings as a typical older adult gripe about “kids today.” But when it comes to each of these traits — work ethics, moral values, respect for others — young adults agree that older adults have the better of it. In short, Millennials may be a self-confident generation, but they display little appetite for claims of moral superiority.

That 2009 survey also found that the public — young and old alike — thinks the younger generation is more racially tolerant than their elders. More than two decades of Pew Research surveys confirm that assessment. In their views about interracial dating, for example, Millennials are the most open to change of any generation, followed closely by Gen X, then Boomers, then Silents.

To remain competitive, businesses need a fresh approach to compensation that reflects new values, attitudes, and lifestyles. Perks such as free lunch and employee game rooms are great, but here are the three core values that really drive millennials in the workplace.

Inspiration is important to millennials. They don’t just want to spend their time earning a paycheck; they want to invest time acquiring the skills and knowledge they need to grow their career and personally.

Check out: THE LIFE OF MILLENNIALS

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