19 Apr SHIFTING CULTURE – DO YOU UNDERSTAND MILLENNIALS?
Millennials are a key generation to study to understand the shifting culture and society we live in. This is an excellent current blog post to help understand Millennials and their mindset.
Check out some of these stats and quotes from TeamStage.com blog post: 6+ Millennials in the Workplace Statistics for 2021
- 39% of those aged 25-37 have a bachelor’s degree or higher. The percentage of millennials in the workforce who have completed higher education is unmatched by any other generation: 39% of millennials between the ages of 25 and 37 hold a bachelor’s degree or higher, while 29% of Gen Xers and 25% of baby boomers can boast the same achievement, according to statistics about millennials in the workplace. (Pew Research Center) (56M Millennials; 53M Gen Xers; 41M Baby Boomers)
- 35% of the US workforce are millennials. Millennials in the workforce statistics show that this generation accounts for over a third of all US workers. They became the largest generation in the nation’s workforce back in 2016: there are 56 million millennials in the US workforce. The next top labor force participants are Generation X, with 53 million working individuals. Baby Boomers come 3rd, with 41 million individuals either working or looking for work. (Pew Research Center)
- Millennials will represent 75% of the global workforce by 2025.
- 66% of millennials are employed full-time.
- 26% of millennials have 2 or more jobs.
- 21% of millennials have changed jobs within a year. More than a fifth of all millennials in the workforce have switched jobs within 12 months. This number is 3 times higher than the workers who don’t belong to this age group. Half of the millennial workers think they’ll be working for the same company within the next 12 months, while 60% of non-millennials think the same.
- 75% of millennials believe that organizations are focused on their own good. Three-quarters of the millennial population find that businesses are more focused on their own good, rather than on improving and benefiting society. As a socially-driven generation, they find this disappointing.
- How do you deal with millennials in the workplace? Millennial engagement in the workplace could be much better if they were managed properly. Establishing clear goals with milestones is one of the ways that can be achieved. Millennials also appreciate being recognized for their work. Ultimately, what makes millennials want to stay with a company is treating them like humans and not like disposable corporate drones.
- What are the core values of millennials? Working with millennials means understanding who they are and what they stand for. This generation tends to regard companies that don’t make the greater good of the society their priority as disposable. Millennials are also commonly described as optimistic about the long-term, but uncertain about the short-term future, which should also be kept in mind when managing them.
This blog post shared some great stats… check it out and see what highlights stand out to you about their culture influence!
Full Blog Post: https://teamstage.io/millennials-in-the-workplace-statistics/.