In 2014, Millennials made up 36% of the workforce. According to many studies that have been carried out, by 2025 they will make up 75% of the workforce.
Oftentimes, Millennials (born after 1982 and before 2004) have had a negative reputation in the world of work, tending to be labelled as entitled, lazy, and keen on taking short cuts. However, research has shown that they are integral to the transformation of workplaces… for the better.
Millennials want everything from politics to the workplace to be transparent, in particular, they demand transparency from management and senior staff members as well as a need for interconnectivity and communication. Although they are the generation behind ‘change’ they also want the feeling of being kept in the loop when it comes to developments and updates.
A large number of people are currently working from home due to the coronavirus pandemic. But before the pandemic took hold, those that were already working from home were largely made up of millennials. Valuing a greater work/life balance, they are the generation most likely to ditch the traditional office environment and trade it in for flexible office spaces such as those that we provide, or they opt for remote working solutions from home, cafes, and more. This way of working has been found to have a higher degree of productivity and engagement.
Experience VS Degree
Millennials are one of the best-educated generations currently living. But still, they carry the most debt. Due to this, many have opted against going to university or studying for a degree in the traditional sense and instead have opted for hands-on experience in their industry of choice.
Millennials are tech-savvy and many of them were born just before the digital age. They are the generation that are early adopters of tech services and products, using a wide range of tools to communicate, organise, and complete tasks. By leading the technological connection in the workplace, they are maintaining that connection that businesses need to thrive.
All in all, they are not a generation to be underestimated when it comes to the future of the workplace.