Millennials as employees By next year, millennials will account for 36% of the U.S. workforce and by 2025, they will account for 75% of the global workplace. [U.S. Bureau of Labor Statistics / The Business and Professional Womens Foundation] 41% of millennials do what their managers tell them to do, which is greater than older generations. [Strategy+Business] 84% say that helping to make a positive difference in the world is more important than professional recognition. [Bentley Universitys Center For Women And Business] Millennials say they do not deserve special treatment and are equally as committed as non-Millennials. [PwC] 92% believe that business success should be measured by more than profit. [Deloitte] Millennial employees have about the same level of organizational commitment as boomers and Gen Xers. [Strategy+Business] 40% of Millennials think that blogging about workplace issues is acceptable. Compared to 28% of Boomers. [Iconoculture] 29% of Millennial workers think work meetings to decide on a course of action are very efficient. Compared to 45% of Boomers [Iconoculture 2011] 80% of Gen Y said they prefer on-the-spot recognition over formal reviews, and feel that this is imperative for their growth and understanding of a job. [Achievers and Experience Inc.] 70% have “friended” their managers and/or co-workers on Facebook. [Cisco] 71% don’t always obey social media policie at work. [Cisco] Connected to an average of 16 co-workers on Facebook [Millennial Branding / Identified] It costs an average of $24,000 to replace each Gen Y employee. [Millennial Branding / Beyond] 15% of Gen Y’s are already managers. [Millennial Branding / PayScale] 56% of Gen Y’s won’t work at a company if they ban social media access. [Cisco] 69% believe office attendance is unecessary on a regular basis. [Cisco] Average tenure for Gen Y is 2 years (5 for Gen X and 7 for Baby Boomers). [Millennial Branding / PayScale]
Posted on: Mon, 03 Feb 2014 02:55:00 +0000
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