Many businesses will get the information that they need from the leadership speakers, on the new generation entering into their business now. Classify the millennials as the ones that have not even reached forty and are just coming out of college. With one out of three being a minority and all of them sharing some of the same beliefs, this generation is very diverse.
Being involved in several different interests and nurtured since they were toddlers, defines what is known as Generation Y. Since they believe in themselves, from the way they lived, high maintenance but high performance categorizes this generation. There are more of the type that want to have a job assigned to them so they can fit into their schedule rather than being ordered into doing their job. It may be a lot harder for them to keep with one project for a long period of time but it may come from growing up doing everything, though they will finish the project.
It really is not surprising that change is a big part of this generation, with hard to follow schedules, thing would be done better within their timeframe. Many feel they need to change careers along with changing so many projects. It may be a bit scary for business owners to actually hear from the leadership speakers that loyalty is not considered top priority to the Gen Ys. With the many scandals brought forth by Enron and Arthur Anderson, and with having several layoffs when entering a career, can they really be blamed?
Employers may have to be creative with new generations but the change does not have to be something bad. Since they are part of the future, changing the rules can be made in order to make sure to keep the employees. Older and younger generations are usually unconcerned with one another and this shows exactly how the expectations are different among each. Multitasking is a huge part of Generation Y, which is why they can do other things while working on a project; opposite of older generations.
Although there is plenty of loyalty among the older generations, the younger ones really know how to plan for the future. These are the ones that really know about how to plan financially for their future and this intelligence is an incredible benefit. Some are saving for retirement while seventy percent are adding to their 401k. Thinking that saving is top priority is part of the 49% of Gen Ys.
They want to be able to balance their personal life without being extremely tired at the end of the day, so having flexibility is important. Not like the older generations where work is the main focus, family and taking care of self is considered more important. When thinking about how the flip flops, tattoos, and capris are the way they dress to work, it shows the lack of effort they put for in that area. Though, considering the events of 911, not taking this life for granted is understandable by this generation.
Though the millennials think differently from older generations, they are not considered wrong in that think. It just means that you need to have the right tools for management to be able to adjust to everyone's personalities. There are businesses like Xerox that have already met Gen Ys' needs and adapted to the changes and new solutions by listening to the leadership speakers.