Setting the Record Straight on Millennials in the Workforce

By Cathy Segarra, Executive Vice President | August 17, 2017
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The media has created this stigma around the Millennials generation that has affected people's perception of their work ethics. Well, this generation is no longer the little kids who got participation trophies, but they are educated professionals that are ready to be taken seriously. They are the largest generation in history and are your company's future or the current workforce.

setting-the-record-straight-on-millennialsTo help combat this perceived stereotype, here are seven facts that aid in setting the record straight on Millennials in the workforce.

Fiction: Millennials are lazy

Fact: In a study done by Manpower Group, researchers found that 83% of employees in their 20s work more than 40 hours a week and 23% of them reported working over 50 hours a week. Another study conducted by CEB found that 59% of Millennials stated that competition "gets them up in the morning" compared to 50% of Baby-Boomers. Millennials have proved they work long hours and are anything but lazy and that they crave competition as a strong motivator, yet they are the ones have to work harder than their older coworkers to combat this inaccurate stereotype.

Fiction: Millennials Lack Loyalty to their Employer

Fact: The White House 15 Economic Facts About Millennials states that, "Millennials stay with their employers longer than Generation X Workers did at the same age." Millennials want what all employees do, the ability to succeed and see a future with their company, that does not indicate disloyalty, but a drive and determination to long-term success. To eliminate this mindset, employers need to lay out a advancement path plan for their employees so that they know what the future alternatives may hold within that company.

Fiction: Millennials Lack Job Satisfaction

Fact: According to the Journal of Business and Psychology, Millennials reported higher levels of job satisfaction, job security recognition, and career advancement. Another research from C Space shows that Millennials are more likely than previous generations to pursue a meaningful career over job security, meaning they desire fulfillment and satisfaction within their career.

Fiction: Millennials have Unrealistic Expectations

Fact: Millennials have different work values. The generations before valued job security where as Millennials value freedom, flexibility, and job satisfaction. They desire approachable leadership and recognition for hard work. Millennials do not consume their lives with work, but creates a work/life balance and having observed their parent's struggles; they understand that money isn't everything.

Fiction: Millennials Have Bad Work Ethic

Fact: The Journal of Business and Psychology states that there is no difference in generations and their work ethic. What does make Millennials different is their strong ability to multi-task and work with technology. They bring a fresh perspective and different way of doing things to a business.

Fiction: Millennials are Disrespectful to Management

Fact: Millennials desire mentorship and inspirational leadership. Having a "boss" like attitude instead of a "leader" management style will turn off any generation. The Economist conducted a poll that found that 41% of Millennials agree on the importance of respecting leadership compared to 30% of the previous generations.

Fiction: Millennials Lack Proper Communication

Fact: Millennials crave human interaction and are very tech savvy. If something needs to be said, they want to talk in person but will use technology when convenient. Pew Research shows that 63% of Millennials chose text message as their preferred method of communication. This does not indicate a lack of communication, but a quicker means of getting their message across. They also what leaders who communicate very straight forwardly instead of a passive aggressive tone adopted by previous generations.

The Millennial generation is not always what people think. They are hard-working professionals who are the future of all companies. They are the consumers, and they need to be moving up within organizations for businesses to succeed. Adapt your business to become a friendly environment to this new generation and success will follow.

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Topics: Employee Development, Millennial Generation, Management Development

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