Some companies have also developed student loan repayment benefits to help them. Paid parental leave, diversity programs, mental health benefits and corporate responsibility efforts, for example, have expanded as companies fight to attract and retain members of this coveted group. And while sometimes maligned by those from older generations for doing so, they have pushed for policies that create a more employee-centered workplace benefiting people of all ages. That may seem quaint compared with having news streaming to your smartphone, but the point remains that Millennials were immersed in facts, figures and data at a relatively young age.Īs the largest generation in the workplace today, Millennials have forced employers to bend to their will. For example, CNN ushered in the 24-hour news cycle when it was launched in 1980, the year before the first Millennials were born. Millennials, however, grew up with access to a level of information that no previous generation had. "They're shaped by a different history."Įvery generation is defined by the major events that took place during their lifetime, and no group has had it easy.
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Not Everyone Gets a Trophy: How to Manage the Millennials (Jossey-Bass, 2016). They're thinking, 'What role does this job play in my life story?' " says Bruce Tulgan, founder and CEO of RainmakerThinking Inc., a New Haven, Conn.-based management research, training and consulting firm, and author of "They aren't looking to see where they fit in the ladder. Realizing that job security is practically nonexistent, members of this generation are hoping to learn as much as possible from their current employers as they proactively plan their careers and seek new opportunities. Millennials and their allies counter that they're not so much entitled as emboldened. This combination, critics claim, has produced a generation with a large proportion of people who feel entitled: They demand to know when they will be promoted, continually question established protocols and constantly hunger for praise. Many members of this generation also have healthy self-confidence due to being raised by so-called helicopter parents who shielded them from disappointment, according to research.
That backdrop has led Millennials, who range in age from 25 to 40, to become skeptical of institutions, including their employers. Add to that climate change, massive student loan debt, and increasing social and political strife and it's hardly surprising that Millennials are burdened with monumental levels of stress. They've endured two economic downturns, including the Great Recession the aftermath of the 9/11 terrorist attacks the wars in Iraq and Afghanistan and the COVID-19 pandemic. They've hit the Big 4-0 this year and deserve a party for surviving their early careers. Happy birthday to the oldest Millennials.
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