Millennials will make up one-half of the workforce in the next five years, and a whopping 75 percent in the next decade! By comparison, the generation before them, Generation X (or Gen Xers), represent only 16 percent of today’s workforce.
The sheer volume of Millennials, combined with the relative lack of Gen Xers and the increasing retirement of Baby Boomers means that employers will be facing leadership gaps. And, they will be looking to Millennials to fill those gaps.
But What Makes Them Tick?
Millennials are continuous learners, collaborators, achievement-oriented, socially conscious and highly educated. As a result, they are looking for more than a paycheck from their jobs. According to Business Insider, nearly 20% of Millennials say Google is their ideal employer, 13% said Apple and 9% listed Facebook as their ideal place to work.
business.com Editorial Staff on Retaining and Attracting Millennials