Effect of Millennials on the workplace – A comparative Study
Karen D’Souza
HRLP009
School Of Inspired Leadership, Gurgaon
Author Note
Karen D’Souza, Human Resources Leadership Program, School Of Inspired Leadership.
Correspondence concerning this sample paper should be addressed to Karen D’Souza,
Human Resources Leadership Program, School Of Inspired Leadership, Plot No. 76, Sector 45, Gurgaon.
Ph: +91 7042103068. E-mail: kdsouza.hrlp2015@soilindia.net Abstract
(Will write once I complete the entire paper)
Contents
Abstract 3
Introduction 7
Objective 9
Scope 9
Hypothesis 10
Literature Review 10
References 20
Introduction
Millennials (also known as the Millennial Generation
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This section encompasses the work so far on different generational groups.
There are three generations at work today. Baby boomers, Generation X and Millennials (Generation Y)
Baby Boomers
Baby Boomers (Boomers) were born between 1946 and 1964. Boomers are achievement driven and it is typical of them to spend long hours at the office. They believe in team work and working hard to be noticed among peers. “Live to work” is what this generation is symbolic of.
Gen Xers
Gen Xers were born between 1965 and 1979. This generation have seen their parents, elders slog it at workplaces and have realized the need to strike a balance. Hence the mantra that this generation stands for, unlike the previous generation is “Work to live”. This generation like to be independent – this also reflects in the kind of work environment they seek. They prefer autonomy and get repelled by micro management.
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They are born from 1980 on and they have started entering the workforce post 2000. They are a very diverse group that have been born into the era of technology and have things served on a platter, so to say. IT had taken over the world when they stepped into the workplace. An integral part of their lives is to contribute to the society in ways they can. The generation is more empathetic and outward looking and has lesser stereotypes than the previous two generations. At work, Millennials are collaborative. They want to be seen as individual contributors, who make a difference. They look to leverage their strengths to deliver results at the
According to Professor Jeffrey Bosworth, in his editorial “Hunting for Hope in Modern America,” he discusses the “screwed” millennial generation and the potential they have to be successful, despite current existing United States problems. Bosworth explains this from three different perspectives: the current issues in America, the positive attributes of the millennial generation, and what the millennial generation should do to succeed. In Bosworth’s opening proposition he elucidates the “[millennial] generation is screwed”. He expounds the millennial generation is predicted to “do worse than the previous generation”.
When the economy started to recover, they had to go abroad to fight for their country because of the war. After the war, they got back to daily life, and contributed to make the country’s most powerful peacetime economy. They also recorded highest marriage rate and birth rate, and became parents of the Baby Boomers. This generation has accomplished a lot throughout their lifetime, but never showed it off. No generation before and after them could do the same, that’s why Brokaw named them the “Greatest Generation.”
Baby boomers are a great generation from 1940 to 1950 and there are millions of them. Almost exactly nine months after World War II ended, “the cry of the baby was heard across the land,” and that’s exactly what everyone did. Over 76 million kids were born during this period, making it the fastest population growth ever. That generation also makes up over 40% of the US population, which at this time are still the largest generation. The baby boomers have had a major effect on the whole nation.
The study found Gen Y are tech savvy but not great team player, Gen X are entrepreneurial thinking but rank low on executive presence and boomers are team player and loyal but do not adapt so well (Giang, 2013). 78% of the responders agree member of Gen Y are believed to be the most tech savvy who know how to utilize social media to leverage opportunities. 68% of the responders agree that this young workers are most “enthusiastic” about their job. In contrast, Gen Y scored lowest on being team player, hardworking, and productive part of an organization. More Gen Y were interested in how to get a promotion compared to Gen X or Baby Boomers (Giang, 2013).
Companies will also need to anticipate and assess which new skills and training older employees will require, particularly in the realm of technology where they may feel less comfortable than many of their younger colleagues. The federal workforce is building toward a potential retirement wave in coming years, with more than a third of career federal employees projected to be eligible for collecting their end-of-career benefits by September 2017, compared to just 14 percent at the same time in 2012. The dynamic of this workforce is the wealth of knowledge, skills, abilities, and experience that will be walking out the door never to return. Millennials will make up 50 percent of the U.S. workforce by 2020 and 75 percent of the global workforce by 2030. At issue is how to attract and retain
She uses stereotypes as one way to prove how predecessor generations feel about millennials, stating that they are just narcissistic, self-absorbed, opinionated, whiny individuals who are uneducated, lack focus and are not responsible (Ellin 205). The main rivalry is between the baby boomers and the millennials because they have opposing perspectives and characteristics. “Millennials have self-confidence and assuredness, and these characteristics can be off-putting to people in older generations who feel that because of their age and experience young people should be more deferential towards them”, says Julie Coates, an adult-learning specialist in River Falls, Wisconsin (Ellin 208).
“The Beat (Up) Generation: Millennials’ Attitudes about Work” is an article written by Abby Ellin and published in Psychology Today. It talks about the generation born between 1982 and 2004, how they react to working around the older generation and why they are hated by the older generation. The millennial generation was born during the rise of technology. They can do a lot of work remotely and not have to work as hard because of all the technology they have access to and the boomer generation doesn’t understand it they equate working hard with time and physical work. The boomers feel that millennials are just lazy and have no respect.
The editor and writer Joel Stein on his op-ed article The Me, Me, Me Generation states that millennials are self-centered and ego-centric; however, their generation can still bring a positive shift to the world. Stein supports this claim by
If I had to choose whom I would share my cubical with between Traditionalist/Veterans, Baby Boomers, Generation X, Generation Y. I would choose Baby Boomers. They are stable, built with optimisms and make decisions base on the process and practice what they preach. Today’s society is built solely on technology. I would rather share my goals and aspirations with someone who is well- established in their career and will most likely hold power and authority. Someone who has the same characteristic as I. Someone who will remain devoted, career focused, team player, competitive, strives for change, resourceful and motivated.
Recent generations are growing up in a different world compared to the one older generations experienced. The newest generation, Gen Z, is defined as those born from 1996 to present, and is nicknamed iGen. The people born into this generation, including me, have never known a world without the internet. One of the older living generations, the Baby Boomers, include those born 1946 to 1964. Living off the booming economy after World War II, this generation sometimes struggles to adapt to the technological world of today.
Me-llennials In “The New Greatest Generation,” Joel Steins focuses on his opinion that millennials are “lazy, entitled, selfish and shallow”(Stein). Stein argues that millennials are narcissistic and self-entitled. Also, that technology is weakening millennials brains. He believes that with each generation it get lazier.
Four Generational partners • The four generational cohorts discussed in this article include the Veteran Generation, the Baby Boomer Generation, Generation X, and the Millennial Generation. This section will describe and illustrate the historical, social, and cultural experiences of each generation which have formed the mental models so often seen in each of these generations. • Veteran Generation (Born between 1922 and 1945) • The childhood world of our most senior nurses, members of the Veteran Generation, was dramatically different than the one we live in today.
Millennials are a part of demographic cohort causing changes in the workplace. Individuals born between 1980 and 2000 are considered Millennials .They are currently the largest generations that will be joining the workforce as Baby Boomer are starting to retire. In a few short years, Millennials will soon make up about 70% of the workforce, however their generation has stirred up some controversy as they start their careers and enter the workforce. In recent times, there have been issues arising in organizations with multigenerational workforces due to the differences of each generation.
Some people argue that Millennials are entitled, self-centred, and uninterested in anything other than their own Facebook and Twitter page. This generation has been known to have high self-esteem, assertiveness, self-importance, narcissism, and high expectations. Having a higher self-esteem comes with many positive outcomes and benefits. People high in self-esteem claim to be more likable, attractive and make better impressions on others in a working environment than other people with low self-esteem. Millennials with greater self-importance are the ones who help others and care about large social
These generation people feel more pressure than their older colleagues as they don’t prefer to spend more time in the workplace. They can juggle many projects at one time as they are skilled multitasking. So, you have to choose these category people to handle multitasking work. They stay focused in the team work so better to choose these people in teamwork.