Times really are a-changing, and millennials are growing up. You can observe this phenomenon when you look at the current workforce environment. The employee pool is altering, and, specifically, it is beginning to skew towards the millennial. Millennials increasingly are making up the majority of the workplace these days. That is to say, millennials are the king of the jungle, snarling, and searching for prey, while every other generational group are the minorities hiding in the trees, or running as fast their legs will take them (shaky metaphorical work, I know).
The millennials are coming, the millennials are coming!
According to a new study by the Pew Research Center, 35 percent of U.S. workers are aged 21 to 36. This means that millennials, if they have not already, will soon be coming to a workspace near you (cue the cries of despair from the baby boomers). The Pew Research Center reports that millennials now have eclipsed other generations in the workplace, according to analyzed data that was sourced from the Census Bureau. This organization defines the millennial “bracket” as anyone between the ages of 21 and 36 in 2017.
A whopping 56 million millennials were scouting jobs, or already occupying paid positions in 2017, outstripping Gen Xers’ 53 million and Baby Boomers’ 41 million (Baby Boomers only accounted for 25 percent of the national total). While Baby Boomers made up the majority of the labor force in the 1980s, their numbers are declining as more and more of those born between 1946 and 1964 decide to retire.
Millennials are the majority. Is that really so bad?
Millennials have gotten a really bad rap. They are considered lazy, inattentive and entitled (not to mention some other lovely stereotypes). But will they really make such a wreck of it all if and when (in, fact they already have) outstrip other generations in presence in the workplace? The answer is that y’all are blowing their issues out of proportion. In fact, research has shown that millennials make the ideal employees. A study from ManPowerGroup found that millennials work harder than other generations and consistently put in more than 45-hour workweeks (no shizz: they are desperate to survive, and thrilled to have a job when they secure one!). 21 percent take on second positions just to make ends meet.
Takeaway: Scary news, and good news
The majority of millennials — 66 percent — expect to work past age 65. 12 percent say that they will most likely never retire at all. That’s the scary news. But even so, millennials are far less likely to use their paid time off, according to projecttimeoff.com. Additionally, the “purpose over paycheck” generation tends to blur work and life together, often checking emails and remaining “on” during after-work hours, reports Inc.com. That’s the good news, and it’s super encouraging, compared to the typical vitriol hurled at millennials about how much they suck. You go, millennials! Way to buck your stereotype!
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