2. Who are Millennials?
• 83.1 million
• Make up 1/4 of the U.S. Population
• 1980’s to mid 2000’s
• Diverse
• ⅓ of millennials have 4 year degree
*Cenus.gov
3. What makes us Millennials?
• “The generation helping their parents retire”
• Influences
• 9/11, economic recession, technology boom, globalization
4. • 67% want to be entrepreneurs VS. 13% want to climb the corporate ladder
• Working for myself or for someone else
• Companies are taking advantage of this millennial mindset
• They understand us
• Do you see the trend?
• Millennials working for Millennials
*Forbes
5. • 50% of the workforce will be millennials within the next 5 years.
• We know what we want!
o Work flexibility
o Creative freedom
• Difference in work ethic
o It’s not the process, it’s the final product
• Workplace flexibility boosts
o Performance
o Creativity
o Job retention
*White house.gov
6. • Workplace environment
• Millennials are expected to change jobs every 3 years
o Location
• opportunity in urban areas
o Proximity to work
o Our environment influences creativity
• Adapting to the culture of the modern workplace
8. Investment
Growth
• Facilitated Training
o As one of the top three non-financial motivators, 76% of employees want
opportunities for career growth
o Training & Development spend has increased 15% in the last year
o 40% of employees who receive poor job training leave their positions
within the first year
Source: 5 surprising Employee Develpment Statistics You Don’t Know. Clear Company. July 30, 2014.
9. Investment
• Upward Mobility
○ Visibility
• Value
○ Input
○ “Heard”
○ Creativity
• Nearly 40% of Millennials surveyed believed that they should be promoted every 2
years (Time)
10. Lifestyle
● Work-Life Balance
● Looking past the $ Sign
○ Flexible Work Schedule
■ 69% of Millennials believe office attendance is unnecessary on a regular
basis (Cisco)
● “Google Atmosphere”
○ Social
Jenkins, Ryan. “27 Stunning Millennial Stats About Our Future Employees, Leaders, Consumers, and Parents.” ryanjenkins.
11. Millennials and Technology
● Late 1970’s: personal computers were introduced in schools
● Tech-boom coincided with childhood
● One-quarter of Millennials say their relationship with tech is what makes their
generation unique
● Over three-quarters of Millennials have a social media account
○ Generation Xers: Half
○ Baby Boomers: Less than a third
● First generation to have tech-savvy parents
Source:
“15 Economic Facts About Millennials.” The Council of Economic Advisors. Oct. 2014.
12. Millennial Employees Technology
● More than 85% of Millennials in U.S. own smartphones
○ Touch them 45 times per day
● One-third would choose social media freedom over a higher salary
● 71% disobey social media policy on the job
● On average, Millennials are connected to 16 co-workers via Facebook
● Millennials want to use technology to increase job flexibility
Sources:
Egan, John. “18 statistics that marketers need to know about millennials.” LeadsCon. January 22, 2015
Jenkins, Ryan. “27 Stunning Millennial Stats About Our Future Employees, Leaders, Consumers, and Parents.” ryanjenkins.
13. Millennial Employees Takeaways
- Use smartphones as a primary form of entertainment and connectivity
Recommendations:
● Bridge the gap: personal vs. work
○ Freedom to use technology on the job is important
■ Connect with co-workers on these platforms
■ Social media and apps
● NGA annual mtg. last year in Vegas
● Relate technology to Millennial’s yearn for job flexibility
○ Some office work could be completed elsewhere
■ At home/on the road
14. Millennial Employees Takeaways
Recommendations:
● Overeaching Theme: Pride
○ Learn By Doing
■ Investment into the Millennial individual encourages a mutual return
investment back into the company.
○ Prove By Doing
■ Pairing individual success with company success by solidifying high morale.
ex 1) Facilitated Training (platinum?) and the continuation of Learn By Doing…
Nearly 40% of Millennials surveyed believed that they should be promoted every 2 years. (Time)
Having input→ ties into Justin about having a job that allows you to have input--what they do and work for
Nearly 40% of Millennials surveyed believed that they should be promoted every 2 years. (Time)***ask about TIME vs 3rd party
i) social--food retail needs “fresh meat” that can be techy (ryan)
Flexible Work Schedule--Will’s Example? A-Busch
Pride--Being with a successful company
the greater cause→ the value
instead of the bolded bullet point, let’s just refer back to the importance of technology in making work schedules more flexible ******* can we delete this? also, the 73% I don’t know how valuable that is