The Millennial generation has been told they can have anything and have it now! They grew up in a world where if they want to watch a movie, they stream it. If they want to buy something, they can get next day delivery. They have been trained to expect instant results and gratification in every aspect of their life.
They have been told they are special. In some cases, they receive medals just for participating.
In the workplace, Millennials are finding out there is no app to get instant gratification.
Are they a bad generation?
No. They just grew up in a different time.
The fact is they are the most educated, socially conscience generation that we have seen to date. They have no trouble working hard; they just want to make an impact right now. It is because of this that one in four Millennials will quit their job in the next year.
Why should employers care about Millennials? Can’t they just fire them and get someone who will perform the way they want?
According to Deloitte 2016 Millennial Survey, this action will result in an estimated $3 billion per year to the Canadian economy and, according to the same survey, Millennials will eventually make up 75% of the workforce in the next 15 years. There will be nowhere else to turn.
So what is the answer?
Companies must take the time to attract, collaborate, coach and reward this generation in order to be successful and have a positive impact on their bottom line.
Change is a good thing. We will help you embrace it with agility and optimism because we are Agilec.