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CGA
Millennials in the Workforce
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
What makes us Millennials?
• “The generation helping their parents retire”
• Influences
• 9/11, economic recession, technology boom, globalization
• 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
• 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
• 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
Millennial’s Attraction & Retention
1) Investment
2) Lifestyle
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.
Investment
• Upward Mobility
○ Visibility
• Value
○ Input
○ “Heard”
○ Creativity
• Nearly 40% of Millennials surveyed believed that they should be promoted every 2
years (Time)
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.
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.
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.
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
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.
Thanks for Listening
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CGA Millennials in the Workforce (1)

  • 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
  • 7. Millennial’s Attraction & Retention 1) Investment 2) Lifestyle
  • 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.

Editor's Notes

  1. 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)
  2. 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
  3. 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
  4. 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