“I want to eat my cake and have it’, this is what a HR manager said when referring to the new influx of millennial generations they have to hire to replace retiring baby boomers. He described them as opportunistic driven and ill-mannered crop of hippies with the trademark ‘I want it my way, don’t get in my way’.
Who are the millennial generation? Millennial generation refers to those born between early 80’s and the new millennial, year 2000. Neil Howe and William Strauss, authors of the 1991 book Generations: The History of America’s Future, 1584 to 2069, are often credited with coining the term. They are also called generation Y, trophy generation, newcomers, digital generation, new age generation, generation Me, Peter pan or Boomerang generation.
What is particular about this generation? They have become increasingly important because they are the most educated, trendy, exposed, technology savvy and toughest generation to manage when compared with baby boomers (born between 1946 – 1964), Generation X (1965 – 1979) and even Generation Z (2000 to present day). Millennials (or generation Y) have become a dominant force in the labor market and recently become the largest share of the American workforce according to new Pew Research Center analysis of U.S. Census Bureau data. (more…)