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It's a millennial workforce -- here's what HR pros need to know

Introduction

In some ways, it's a problem as old as time: Generational shifts arrive at work, and change must occur.

But today's challenge feels unique. For perhaps the first time ever, four different generations can be found working together today. And the millennial workforce is now the largest of the four groups, according to data from a Pew Research report. There are plenty of millennial stereotypes, like a serious attachment to the smartphones they grew up with.

But those stereotypes can blind employers to what makes millennials tick and can make it difficult for even the savviest HR team to hire, retain or engage this group. It's important to start with some basic understanding of who millennials are. The concept of BYOD is important to them, but they might not have a traditional bank account. And they don't necessarily job hunt in the same ways previous generations have done so.

Once hired, though, the millennial workforce brings a unique spin that can be helpful if companies can get them to buy in. In industries as diverse as manufacturing and sales, a millennial workforce can bring a fresh perspective and key new skills to a job. This has turned out to be especially true when it comes to cybersecurity, where a millennial's extensive exposure to technology can apparently help in the hunt for hackers.

Hiring the millennial workforce is just the first challenge. With a strong economy, job opportunities abound, and retention of millennials -- and, for that matter, everyone else -- is a struggle for many companies. Employee engagement is vital to keeping millennials content, but HR teams need to prepare for a different type of engagement. Millennials have a strong desire to learn and stretch themselves, which can translate to a need for increased training or job flexibility. HR tools, including analytics and even AI, can help teams keep track of employee trends, needs and interests and potentially offer new career paths and educational opportunities.

By some estimates, millennials will be 75% of the workforce by 2030, so it's worth taking the time to understand them better.

1Inside the millennial mind-

What matters most to millennial employees

Millennials are a major part of nearly every company's workforce, so it pays to understand what is important to them. From unbanking to BYOMD (bring your own mobile device), a millennial-inspired workplace is going to feel a little bit different.

Quiz

Millennials 101: Test yourself with our generational diversity quiz

As the Millennial generation enters the workforce, CIOs are balancing a lot of generational diversity. Test your knowledge about managing Millennials. Continue Reading

News

Almost 60% of millennials search for jobs through company websites

Research by Monster finds the younger generation react strongly to what they find on an employer’s website when looking for work Continue Reading

Blog Post

Making room for the Millennial generation

The Millennial generation often gets a bad rap in the workforce, but is it deserved? Executives sound off at the recent MIT Sloan CIO Symposium. Continue Reading

News

Forget flex spending, Millennials want a flexible mobile device policy

Millennials are willing to pass over higher pay for a mobile device policy that appeals to their roaming nature. Is it time for IT to adjust its BYOD strategies? Continue Reading

News

ADP payments card system aimed at millennials

ADP introduced the new Wisely Pay card system aimed at the contingent, young workforce and workers who may be unbanked, but need functions such as digital mobile wallet. Continue Reading

2Embrace the unique millennial-

Embrace the unique millennial skill sets

In many industries, the millennial workforce is tackling tough, long-standing problems. Here's how they're helping sales teams, manufacturing companies and cybersecurity efforts.

News

How a millennial workforce benefits sales teams, CRM

Millennials bring more than just their iPhones to the conference table. Here's why you need to stop dumping on your millennial sales force and embrace their tech-savvy ways. Continue Reading

Blog Post

How millennials can be the saviors -- not the scourge -- of the security staffing shortage

The security industry is suffering from a complex staffing shortage, and the dreaded millennials might just be the answer to this problem. Some in the industry disagree because "millennial" is a ... Continue Reading

Feature

How Millennials' technology expectations can help save manufacturing

Attracting Millennials to the manufacturing industry is critical if the sector is to solve its impending skills gap crisis. To that end, here are some basic efforts needed to make manufacturing systems Millennial-friendly. Continue Reading

News

Anti-millennial recruitment stance will widen cyber security skills gap, experts warn

Latest Global Information Security Workforce Study suggests infosec experts remain in short supply, and UK PLC’s reluctance to hire millennials means things are unlikely to improve Continue Reading

Blog Post

Reverse mentoring turns Millennials into teachers

In 2007, Apple introduced its first generation iPhone. Yesterday, it announced the launch of its much-anticipated iWatch. It's just one example of how consumer technology is marching on at an ... Continue Reading

3Employing happy millennials-

The secret to millennial retention

Perhaps more than any other workforce demographic, millennials want opportunities to learn and grow. So, it pays to think about retention strategies in different ways.

News

Workday Learning could light career paths for Millennials

Workday Vice Chair Mike Stankey explains the philosophy behind the company's upcoming learning module, assesses the ERP competition and offers insight about the CFO career path. Continue Reading

Feature

Succession planning best practices you need today

Michael McGowan, who leads the leadership and talent practice at BPI group, a talent management consultancy, shares important advice on how to get succession management right. Continue Reading

Feature

How people analytics tools can improve talent management

People analytics is not a substitute for strategy or critical thinking. But with the right measurements in place, companies can use data to improve talent management on every level. Continue Reading

Feature

Why you need a brand-new corporate learning strategy

Employees are getting more and more difficult to retain. That's why learning and development programs are so critical. Here's how to update yours. Continue Reading

Feature

How AI and machine learning help in upskilling employees

The rapidly changing technology landscape requires companies to change their approach to L&D and deliver more individualized learning. Here's how AI and machine learning may help. Continue Reading

4A millennial glossary-

Terms you need to know

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