Gen-Y Workforce And Workplace Are Out Of Sync

(From Forbes.com) -- This week, I am honored to attend and speak the World Economic Forum at Davos as part of the first Global Shaper delegation, a group of 70 millennial leaders from around the world to help leaders ‘think younger’ about today’s global challenges and the future of work. As I prepare for my panel on Leadership Across Generations, I wonder, how aligned is the vision of work for today’s world leaders with the vision for me and my Generation Y peers? The recession has also influenced the way young people view work. Millennials who couldn’t get a college education or suffered after the recession have been forced to start in new ways, building online businesses or becoming freelancers. They know that pension and 401K plans won’t operate the same way anymore. They know that getting a job is about being innovative and working across fields. What I’m noticing is that most corporate structures are out of sync with the lifestyle desires of Generation Y. Companies need to rethink the way their employees work, making major changes that will accommodate the unique work desires of Gen Y. What’s in it for companies? They will increase employee performance by reducing turnover and have happier, more productive Gen Y employees. A BPW Foundation’s Gen Y study published in April 2011 also noted that by 2025, Generation Y will make up roughly 75% of the world’s workforce. With this many millenials making up the majority of the workforce by 2025 — only 13 years away — employers can’t afford not to take notice. Read more.
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