Is Gen Y Really Lazy and Self-entitled? ME-llennials in the Workplace

me... me,.. ME-LLENNIALS IS GENERATION Y LAZY & SELF-ENTITLED? MILLENNIAL WORKERS, FYI Over 63% of working Millennials have a bachelor's degree Mayscole et ol. 2012) 03% About 63% of Millennials aged 18 to 29 are employed among those, half are working part-time 03% NCOCet a 2013) 46% of Millennials want to start their own business within five years 46% Kavffman Foundation via CNN Money 2012) A When asked, 38% of millennial freelancers said they'd rather take a "promising start-up opportunity" than complete a 38% traditional college degree program foDest 2013) DIFFERENT WORKPLACE STYLES Millennials have different opinions on the workplace than older Baby Boomers, according to MTV study "No Collar Workers" (2012), which compared the two generations Baby Millennials Boomers Jeans are acceptable work attire, at least sometimes 79% 60% I should be able to set my own work hours 81% 69% 39% 70% I want and need "me time" at work My boss could learn a lot from me 76% 50% Performance Feedback Millennials Baby Boomers 80% 15% Generally want evaluations of their work at given times during the year want constant feedback from their managers want mentors DIFFERENT CAREER PRIORITIES They're not going to stick around. According to Future Workplace's "Multiple Generations @ Work" survey (2013) 91% of Millennials expect to stay at the same job for less than three years It's not just about a paycheck According to a Net Impact survey (2012) of college students. 58% 45% 35% would accept a 15% pay cut if it meant working for a company 'with values like [their] own" would take the same would do so for an pay cut for a job that has an organization that has a commitment to environmental or a corporate social social impact responsibility HOPEFUL FOR THE FUTURE While studies reveal that Millennials have a bleaker view of the current workplace than boomers, they seem to be optimistic about the future Pew Research (2013) reports that only 31% of employed Millennials are 24% According to the 2012 Net Impact 10 study, 24% of Millennials are not satisfied with their current job Compared to 18% of Boomers 31% satisfied with their current income Compared to 52% of Boomers of Milennials believe they will earn a Millennials are more dissatisfied than any other generation with how their organization values their opinions however 00/ 88% satisfactory income in the future Compared to just 46% of Boomers Forbes offers a few tips that may help Millennials navigate the constantly innovating workforce more nimbly: HERE'S SOME ADVICE 1 Get an early start 70% of wage growth occurs within the first 10 years of a career 2 Be patient Mastering a job can take up to 10,000 hours (5 years); use the initial years of your professional life to learn as much as possible 3 Don't take criticism personally Learn from it Sources Created for OnlineSchools.com © QuinStreet, Inc., 2013 OnlineSchools.com "5 Gen-Y Corporate Refugee Entrepreneurs," Dan Schawbel, CNN Money, 2012 "Mlernials & The Future of Work oDesk, Spring 2013 "Milennials vs. Baby Boomers Who Would You Rather Hre? Dan Schawbel, Time IBusiness & Moneyl, March 2012 "Talent Report: What Workers Want in 2012 New Impact. 2012 Per y chapter of your eduetten Mlennias A Portratt of Generation Next" Pew Research Center, 2010 "Job Hopping is the New Normal for Mlernids: Three Ways to Prevent a Human Resource Nightmare" Jearne Meister. Forbes, August 2012 "PayScale and Milennid Branding Relecse Study on the State of the Gen Y Worker, PRWeb, August 2012 "The 10 Most Important Lessons For 20-Something Workers." Forbes, 2013 "Milennias Civic Health Index" Nationd Conference on Citizenship, February 2013 (summary at ncocnet/MilennidsCHI