May 04, 2016 | 1 Minute Read

Millennials Officially Outnumber Baby Boomers


What Leaders Need to Know About the Workplace’s Future

Millennials are now the biggest generation, outnumbering the once-largest Baby Boomers, according to the latest data from Pew Research.

It’s a workplace trend that has been anticipated for years, one that many employers have embraced or scratched their heads on how to adapt.

Let’s take a look at the facts of this group of individuals, born between 1981 and 1997, and statistically supported trends about their work behaviors:

They’ll Job Hop.
Two-thirds of Millennials express a desire to leave their organization by 2020 (source: The Deloitte Millennial Survey 2016), proving they don’t value staying with an organization until retirement like previous generations.

They Want to See the Bigger Purpose.
Millennials are more likely to remain at an organization longer if they share their organization's values (source: The Deloitte Millennial Survey 2016). They are also more satisfied when they are supported in pursuing professional development.

They Value Support and Communication.
Millennials with high levels of satisfaction also reported their organizations have open and free-flowing communication, a culture of mutual support and tolerance, a strong sense of purpose beyond financial success and active encouragement of ideas among all employees (source: The Deloitte Millennial Survey 2016).

Now that the biggest generation baton has been officially passed down to Millennials, are organizations ready for the changes that this young group of individuals will inevitably bring?

For companies that put people first and focus on having and communicating a sense of purpose, they will be ready. Considered forward-thinking 10 years ago, this people-first approach is now the new normal, thanks to the growing influence of Millennials.

Bottom line:
whether you have a workforce full of Millennials or a mix across generations, it’s important to understand how they are driven. To understand the driving forces within your organization, take a complimentary 12 Driving Forces™ assessment: 

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Jennifer Lawhead

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