The Effects of Millennials on Company Culture

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The Millennial Generation, defined as the generation born between the years 1980 and 1995, has been the driving force for the modernization of the workplace across the US. With their knowledge of social media and high tech devices, they are poised to embrace the needed changes in the workforce towards higher technological integration. Due to their adoption of current technological trends and experiences, they are more likely than older workers to be receptive to different modes of working such as job sharing, teleworking, and working in virtual teams. Because of their versatility and quick adoption of the changing world and its technologies, they are highly sought after by businesses. Currently they compose 36% of the work force and by 2025 three out of four workers globally will be from the Millennial Generation (Schawbel, 2012). Their growing numbers mean that businesses will have to take them seriously in order to take advantage of what they have to offer. We've interviewed two local corporations in the Richmond Area, Keiter Accounting and Allianz Global Assistance, to get an idea of how they are using, recruiting, and retaining millennials. Keiter Accounting is one of the largest accounting firms located in the central Virginia area and they have multiple partners and employees that offer various accounting services. Allianz Global Assistance provides services that include insurance and personal services 24 hours a day. Both companies exhibit a strong social responsibility and believe in recruiting members of the Millennial Generation. At Keiter, Lauren Andrews says she uses internships specifically targeting seniors in college and those going into graduate studies. Her HR team canvasses universities year round with ... ... middle of paper ... ...real/ Millennial Workplace Trends Survey. (2013). IdeaPaint. Retrieved from http://d1jbvhpem1c36a.cloudfront.net/wp-content/uploads/IdeaPaint-2013-Millennial-Survey.pdf Millennials at work: Reshaping the workplace. (2011). PwC. Retrieved from http://www.pwc.com/gx/en/managing-tomorrows-people/future-of-work/millennials-survey.jhtml Randall L. (2013). Are Millennials Changing Corporate Culture or Vice Versa? Coca Cola. Retrieved from http://www.coca-colacompany.com/stories/are-millennials-changing-corporate-culture-or-vice-versa Schawbel, D. (2012). Millennials vs. Baby Boomers: Who Would You Rather Hire? Time. Retrieved from http://business.time.com/2012/03/29/millennials-vs-baby-boomers-who-would-you-rather-hire/ Vaccaro A. (2013). How Millennials Can Mentor Boomers. Inc. Retrieved from http://www.inc.com/adam-vaccaro/who-can-mentor-your-most-senior-employees.html
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