Business leaders regularly complain to me about millennials. It seems those darn millennials aren’t very loyal, don’t want to work hard, and don’t want to pay their dues before assuming a leadership role. Well, these perceptions may seem true to many business leaders, but to others, they couldn’t be further from the truth. I have worked with companies who manage their millennial employees very ineffectively, and some who do a great job in implementing talent management strategies targeted to this unique group.
In this article, you will learn about common millennial misconceptions and workplace preferences, best practices on engaging millennials in the workplace, and industry findings that highlight how millennials positively influence a company’s culture and bottom line.
Let’s refresh our memory on who makes up the millennial generation. According to the Pew Research Center, millennials were born between 1981 and 1996. As of the start of 2020, 50% of our workforce is made up of millennials and by 2030, it will increase to 75%.*