That`s because millennials want to know what`s happening on the streets and also want to have a say in the decisions they`re supposed to implement. It is important for employees that their views are heard and taken into account. Interestingly, there doesn`t seem to be any mention of the downsides of hiring a millennial? Learning which generation you belong to is not like being told your happiness. It doesn`t dictate your personality or reveal what your true talents are. But it situates you in a group of people who have had similar historical experiences and have a similar relationship with technology, education, politics, and other aspects of life. According to the Kauffman Foundation, young people can run the country very well as an entrepreneurial mentality. But when it comes to the falsifiable level of entrepreneurship as an activity, older generations do most of the work. The average age of a successful startup founder is around 40. The U.S.
youth unemployment rate reached a record high of 19% in July 2010 since statistics were collected in 1948. [181] Underemployment is also an important factor. In the United States, economic hardship has led to dramatic increases in youth poverty, unemployment and the number of young people living with their parents. [182] In April 2012, it was reported that half of all new college graduates in the United States were still unemployed or underemployed. [183] It has been argued that this unemployment rate and poor economic situation gave millennials a call to the Occupy Wall Street movement of 2011. [184] However, according to Christine Kelly, Occupy is not a youth movement and has participants that range from very young to very old. [185] A 2014 Urban Institute study predicts that millennials will have lower marriage rates than previous generations if current trends continue, and predicts that by age 40, 31% of millennial women will remain single, about twice as many as their single Gen X counterparts. The data showed similar trends for men. [338] [339] A 2016 study by Pew Research showed that millennials delay certain activities considered rites of passage to adulthood, with data showing that young adults aged 18 to 34 are more likely to live with their parents than with a relationship partner, an event unprecedented since data collection began in 1880. The data also showed a significant increase in the percentage of young adults living with their parents compared to the previous Gen X, with 23% of young adults aged 18 to 34 living with their parents in 2000 and increasing to 32% in 2014. In addition, 43% of those aged 18 to 34 were married or living with a partner in 2000, rising to 32% in 2014.
High student debt is described as a reason to continue living with parents, but may not be the dominant factor behind this change, as data shows that the trend is stronger among people without a college education. Richard Fry, senior economist at Pew Research, said of millennials, “This is the group that is much more likely to live with their parents,” and went on to explain that “they are more focused on school, career and work, and less focused on starting new families, spouses or partners and children.” [340] [341] A 2018 Abacus Data survey of 4,000 Canadian millennials found that 80% identified as middle class, 55% had pharmaceutical insurance, 53% had dental insurance, 36% had a registered pension plan (RRSP) and 29% had an employer-sponsored pension plan. [178] A number of millennials have chosen to save their money and retire early by travelling, rather than moving to an expensive North American city. According to them, such a lifestyle costs less than living in a big city. [179] Only 54% of Russian millennials were married in 2016. [97] Obviously, you`re a millennial or haven`t spent time with yourself yet. They are lazy, completely uneducated where it matters ($hit in real life) and legitimate. The interest and controversy surrounding my generation led to a full audience and long Q&A at the LinkedIn Talent Connect session, “Millennials: How to Attract, Hire, & Retain Today`s Workforce.” Moderated by Sondra Dryer, Barry Sylvia and Melissa Hooven, the conference focused on the do-ups and give-gives of working with millennials, as well as our overall characteristics and desires.
Understanding these traits is essential not only to hiring millennials, but also to successfully managing and retaining ourselves. Some workplace adjustments have been made by employers that take into account the needs of millennials. The BYOD (bring your own device) trend, for example, is at least in part a response to millennials` near-reliance on mobile devices. Job satisfaction is more important to millennials than monetary compensation, and work-life balance is often considered essential. They are less likely than previous generations to accept an unpleasant work environment and are much more likely to use social media to spread their concerns. On the other hand, satisfied millennials are often employee representatives for the organizations they work for, providing honest, free, and persuasive public relations (PR). Nevertheless, we remain cautious about what can be projected onto a generation when it is still so young. Donald Trump could be the first U.S. president most Gen Z know by age 18, and as the contrast between George W. Bush and Barack Obama has shaped the political debate for millennials, the current political environment could have a similar effect on Gen Z`s attitudes and engagement. Although the question of how remains asked.