Catalyst.org reports that Gen Y, aka Millennials, make up 21% of the U.S. Labor Force. Job opportunities for younger workers are impacted by the slowed rate of generational turnover in the workforce. Recruitment and retention of high-potential middle management has been the key challenge for businesses.
With this said, the millennial generation faces significant roadblocks getting their careers off the ground. However, time will make them a dominant force in the very near future. Finding ways to engage younger people should be a priority for businesses looking to develop a talent pipeline. Millennials have a unique approach to work, communication, and integration of technology into their lives. Younger employees are more flexible and mobile. They are more efficient and connected 24/7, blurring the lines between the businessperson and the socialite.
How has your company evolved a Gen Y friendly culture, integrated their values, technological needs, and social consciousness? Leave a comment below and let us know!