The Effects of Millennials on Company Culture

1189 Words3 Pages
bulb-icon

Recommended: The effects of technology on our younger generation

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

Show More
Related

  • Analysis Of Why Your Office Needs More Bratty Millennials '

    799 Words  | 2 Pages

    In the article “Why Your Office Needs More Bratty Millennials”, the author Emily Matchar expresses a variety of reasons why the new generation in the workforce (millennials) needs to have their voices heard. She uses different terms to discuss this generation of workers, including Generation Y, another common name for millennials. Matchar’s exposition of why millennials are changing the workplace is broken down into specific points. She references the declining job market and why, due to circumstance, it is hard for millennials to get jobs as it is. Moreover, millennials are now pushing for a “customizable” workplace, such as being able to set their own hours.

    Read More

  • The Beat Up Generation Analysis

    767 Words  | 2 Pages

    Boomer’s see millennial’s as having a short attention span which is not what millennial’s intend. If they don’t see a job working out, they are faster to jump ship than Boomer’s and that fearless attitude actually leverages them more power with their company. Sherry Buffington, co-author of Exciting Oz: How the New American Workforce Is Changing the Face of Business Forever and What Companies Must Do to Thrive, says that they have the upper hand because they are perfectly fine working dozens of different jobs in their lifetime. “In a survey conducted by IdeaPaint of 600 employed Millennials, 49 percent believe that poor management is dragging their company down; 45 percent attribute that to the lack or misuse of technology solutions.” (Avallon) This helps the reader to better understand the mentality of millennial’s. They are typically more tech savvy then their older bosses and feel they could make more of an impact if they were in charge. Millennial’s are hard-wired to think that time really is their most important resource. If they feel they aren’t being treated completely fair then they won’t hesitate about trying to find a new

    Read More

  • Analysis Of 'The Tethered Generation' By Kathryn Tyler

    1546 Words  | 4 Pages

    The millennial generation is made up of people that were born from 1978-1999. People from older generations say the millennial generation people are growing up being unprepared for the real world. In an article titled “The Tethered Generation” written by Kathryn Tyler she talks about why the millennial generation is so different than any other generation. She also explains how they depend heavily on their parents well into adulthood. In this article Tyler allows the reader to see why HR professionals are worried about the millennial generation entering their work force. Using Toulmin’s schema the reader can judge the effectiveness of Tyler’s essay to the audience, and this schema is used to persuade the audience to

    Read More

  • The Millennials In The Workplace Interview Analysis

    910 Words  | 2 Pages

    Simon Sinek, in the YouTube video “The Millennials in the Workplace Interview”, states that Millennials need to learn balance with their social media and physical life. According to Sinek, a millennial is a person born approximately between 1984-2000. Throughout the Interview, Simon is very zealous, empathetic, apologetic, and humorous. He uses metaphors, They Say I Say, diction, and parallel structure.

    Read More

  • Buliding Cultural Competence for Employees

    2039 Words  | 5 Pages

    With the current change in demographics throughout the workforce, organizations are feeling the effects of a larger percentage of baby boomers retiring and a large percentage of millennial new entrants. The words used to describe millennial employees, “spoiled, trophy kids, ambitious”, seem to be as everlasting as the constructive and negative perspectives attached to them. Many can debate on the entitlement of these employees within an organization, how these employees can be groomed and managed to better fit the organization, the positive and negative attributes they bring into the workplace, and how the preceding can benefit or derail the effectiveness of an organization. Nonetheless, a harder debate, comes about in denying that organizations must adjust to and integrate these employees into the workforce.

    Read More

  • Why Your Office Needs More Bratty Millennials Essay

    1316 Words  | 3 Pages

    By 2025, about 75% of the American workforce will be made up of Generation Y workers, said Emily Matchar, author of “Why Your Office Needs More Bratty Millennials.” Generation Y, also known as millennials, are those who were born within the years 1982 and 1999. Time management has become a persistent issue for people in the United States because of the lack of flexibility in the workforce. Work is taking over people’s lives. The current generation of workers tend not to demand because of the fear of unemployment; jobs are scarce these days. Generation Y workers have shown that they will not accept today’s hierarchical workplace, on the contrary, they will begin to change the workplace to their likings.

    Read More

  • A Generation Of Slackers Are Not So Better By Catherine Rampell Summary

    895 Words  | 2 Pages

    In Catherine Rampell’s article, “A Generation of Slackers? Not So Much,” the idea of the younger generation, known as Generation Y or Millennials thought of as lackadaisical and indolent by older generations has been quashed by Rampell’s explanations of the differing behaviors and ideas held by these two generations, causing a misunderstanding and misinterpretation of productivity. The era of computers has especially been a major cause of such a rift, specifically the dependence on technology of which has contributed to the growth of synergistic and collaborative dispositions amongst the younger generations- behaviors once thought of as ineffectual in the workplace.

    Read More

  • What Happens When Millennials Run The Workplace Analysis

    813 Words  | 2 Pages

    Have you ever worked for a company that has a mixed age of workers? The article, “What Happens When Millennials Run The Workplace?” published in The New York Times in March 2016 is about millennials starting a business and running a successful website. According to Dictionary.com, a millennial is, “a person born in the 1980s or 1990s, especially in the U.S.; a member of Generation Y”. The website “Mic” was created about five years ago in New York. It was created to appeal to millennials and to provide a new type of work environment for millennials. “Mic” has one-hundred six people on their staff writing stories like “When Men Draw Vaginas” or “Don’t Ban Muslims, Ban Hoverboards”. Even though this company was created to appeal to millennials,

    Read More

  • Integrated Marketing Communication (IMC) Campaign Plan

    760 Words  | 2 Pages

    As might be expected, the millennial generations as a whole are passionate about the technological and communication advances in the past decade with the internet and social media. “A new Pew Internet Project report reveals that 93% of young adult’s ages 18‐29 are online” (Andrew January 14 to 27, 2010). This allows access for marketer’s access to the generation in a different way than previous generations.

    Read More

  • Baby Boomers Vs. Millennials

    1148 Words  | 3 Pages

    Workers are often pitted against each other in the work place as a form of competition. One division that is commonly seen is gender and race, but there is also a divide concerning age that isn’t discussed as frequently. Baby Boomers are those who was born between 1946-1964, when WWII soldiers came back home, settled down and started the “Baby Boom”. While Millennials are those born around 1981-2000, and have a similar population size as Baby Boomers. In the workplace, Millennials are categorized as being bad workers due to how they were raised in sheltered lifestyles and require a different environment than the previous generation, but that is not accurate. Even though the two generations view work different, sometimes to the point of conflict,

    Read More

  • The Nature of the Millennium: Revelation 20:1-6

    2500 Words  | 5 Pages

    Blaising, Craig A., Kenneth L. Gentry, and Robert B. Strimple. Three Views On the Millennial and Beyond. Counterpoints. Grand Rapids, MI: Zondervan, 1999.

    Read More

  • Social, Ethical, and Legal Issues Faced by an Information Technology Professional

    882 Words  | 2 Pages

    Klobucher, T 2011, Characteristics of Generation 2020: Generations at Work, The Great Workplace Revolution, accessed 11 November 2013, http://www.thegreatworkplacerevolution.com/characteristics-of-generation-2020-generations-at-work/

    Read More

  • Analysis Of Millennials In The Workplace By Simon Sinek

    724 Words  | 2 Pages

    In the interview, “Millennials in the Workplace” with Simon Sinek, he implores that millennials should find a balance between social media and their physical life. One of the strategies that Sinek uses is parallel structure, where he states the four reasons why millennials are being very criticized nowadays, “ It can be broken down into 4 pieces actually. 1 Parenting. 2 Technology. 3 Impatience. 4 Environment. The generation that is called the millennials, too many of them grew up subject to “failed parenting strategies.” (2017, 1:44).

    Read More

  • The Benefits Of The Millennial Generation

    730 Words  | 2 Pages

    Millennials will face a constantly changing job market that they are not prepared for, because of the increase in global competition and the reality that the millennial generation is not prepared to compete with higher standards. Jeffrey Bosworth in his article “Hunting for Hope in Modern America,” provides information regarding competition in the workforce is not just from peers, but that it “crosses country and cultural boundaries” and how competition will be surrounded with “young, educated, motivated people in every country” (334). Because there is so much competition in the workforce, the millennial generation will have to be fully prepared in many skills and be the most efficient candidate for the job. Donald S. Miller and Thomas E. Slocombe, authors of “Preparing Students for the New Reality,” discuss how candidates for jobs need to realize that not only is it difficult to become employed but also to “remain unemployed” (19). The millennial generation will be confronting economic problems that are combined with employment. The United States is attempting to resolve a high unemployment rate from past years, which results in a part of the millennial generation becoming unemployed or a lack of stability in their employment. Requirements in jobs are increasing and becoming more difficult to secure a stable workplace in America without being fully skilled for the

    Read More

  • Millennial Essay

    2112 Words  | 5 Pages

    As the largest generation on the planet (Jenkins), the Millennials (otherwise known as generation Y) have faced plenty of scrutiny from the previous generations. A Millennial is the demographic group made up of anyone who was born between the years 1980 and 2000. This group of young people has proved to be a great contribution to society and also to the advancement of technology. They do things in their own ways and on their own terms, always approaching a problem in the most efficient way possible for everyone. Millennials have settled numerous issues in our society and they are expected to change our world exponentially. Millennials adapt to new technologies very quickly, however, while Millennials see themselves in generally positive terms such as ‘tech-savvy’ and ‘up to date’, many people from the older generations see them as ‘spoiled’ and ‘lazy’. The new technologies do make living everyday life easier and more functional, however, Millennials are not at all ‘lazy’ for taking advantage of them. Millennials use these new tools in incredibly innovative ways and they see the world in a completely different light.

    Read More

More about The Effects of Millennials on Company Culture

Open Document