Around 35% of worldwide labor will be dominated by millennials. That is one reason why there is a lot of research about them. Millennials are really confident about their careers. They believe that if they lose their main revenue tomorrow, they can find a new better job easily. Most of them see a potential future and a prosperous career ahead.
Most millennials know they will work longer and harder than their parents. More than half of them want to work above the retirement age. Some of them even expect to work until their death. Many of them are on duty more than 40 hours per week and some are even more than 50 hours per week.
Millennials consider many things when choosing their workplace. They want to be appreciated for their hard work, feel safe in their work, and still have the right to relax occasionally. They also appreciate working with amazing people and opportunities to develop new skills and work flexibly. Job security is very important for millennials, but they view it differently. Instead of one long job for a lifetime, millennials understand the need to develop sustainable skills to stay relevant. This mindset views individual work as a stepping stone to personal growth.
Many millennials think that continuous improvement of their skills is important for their careers. When technological innovation becomes more intense, people's career success is increasingly determined based on their learning abilities. Companies need to manage it to avoid undeveloped workforce. People with high learning ability tend to continue developing, so the benefits grow over time.
There are many ways to handle millennial employees. Companies must give examples of people who have developed through training and on the job learning. Regular career conversations will raise their career prospects and job opportunities. Companies must have the courage to break some reasonable parts of company culture. Adopting greater work flexibility is also useful for attracting millennials. This is the time for companies to remodel their workforce practices.