MILLENNIALS IN THE WORKFORCEJune 23, 2021 2023-04-05 19:12
MILLENNIALS IN THE WORKFORCE
MILLENNIALS IN THE WORKFORCE
Millennials are entering the world and the workforce. Eventually, they will be occupying high leadership positions like those of the earlier generation. They are also being offered their own unique set of qualities to the work market.
There are researchers suggesting to conduct more research regarding what millennials in the workforce have to offer to the team and organizational performance and how these qualities affect workplace communication, behaviors, and relationships. Another researcher noted that millennials are more likely to be affected by the current upbringing of globalization, communication, information technology, economics, and how they are raised by highly involved parents in the mentioned fields.
They are also found to have different, sometimes broader perspectives about the world, the world marketplace, relationships, cultural diversity, performance, the ability to enhance organizational performance and maximize productivity.
Existing mental models, assumptions, and theories need to be critically rethought of and their accuracy and relevance questioned.
Nowadays, people’s minds are open to new possibilities, exciting opportunities, and great challenges – especially among the millennial generation. This calls for visionary thought and bold action by organizations and their leadership. Existing mental models, assumptions, and theories need to be critically rethought of and their accuracy and relevance questioned.
Millennials are also reported to be bringing more racial and ethnic diversity. When the Silent Generation was young (ages 22 to 37), 84% were non-Hispanic white. For Millennials, the share is just 55%. This change is driven partly by the growing number of Hispanic and Asian immigrants. Their ranks have increased since the Boomer generation. The increased prevalence of interracial marriage and differences in fertility patterns have also contributed to the country’s shifting racial and ethnic makeup.
Looking ahead at the next generation, early benchmarks show Generation Z (those ages 6 to 21 in 2018) is on track to be the nation’s most diverse and best-educated generation yet. Nearly half (48%) are racial or ethnic minorities. And while most are still in K-12 schools, the oldest Gen Z are enrolling in college at a higher rate than even Millennials were at their age. Early indications are that their opinions on issues are similar to those of Millennials.
Of course, Gen Z is still very young and may be shaped by future unknown events. The Pew Research Center looks forward to spending the next few years studying life for this new generation.
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