What You Need to Know about the Graduating Class of 2014
There’s a big difference in the graduating class of 2014. Maybe you’ve noticed?
In any case, here’s how you can spot one: they’re unlikely to own a car or a home, probably won’t have any long term contracts (including cable), don’t believe in (or want) a long term career, already have lots of experience with online dating, and they can be seen taking a selfie multiple times per day.
Now that you know the tell-tale signs, here’s 7 things you need to know (which may surprise you):
1. They beat the odds.
Millennials have been branded as lazy by many in the media. Well, that “lazy” graduate you’re thinking of employing is actually the cream of the crop. You see, these days, less than half of those who start four-year colleges, and only a third of community college students, graduate.
2. They care.
Millennials care about more than just money, and this is a core value when they’re considering a job. In order to get the most from a Millennial, focus on the social good in everyday tasks, and they will stay motivated.
Interestingly, 83% of Millennials trust socially responsible companies, and 74% are more likely to pay attention to that company’s message because of its deep cause commitment.
3. They’re Tinder-ing, not texting.
Although Millennials are addicted to their smartphones, you may be surprised what they’re doing with them. Case in point: they’re generally not texting (unlike the last generation). Instead, they’re using Tinder or LinkedUp! to hook up.
LinkedUp! pulls data from LinkedIn profiles (a work related social media site), and with an overwhelming 84% of employees between 18 and 29 open to pursuing a romantic relationship with a colleague, workplace liaisons are considered the norm (even beneficial) among Millennials.
4. They’re more likely to have studied STEM subjects in school…. sort of.
Millennials are the most highly educated group of people in history. As such, they are very optimistic about their future and believe they have the skills to succeed in the workplace. As attitude is all important, this is great news for employers.
Findings show that 44% of Millennials said that they’d studied STEM-related subjects in school. This compares to only 33% of Boomers. Besides this, 50% of Millennials (in a recent survey) felt they had more education than was required to do their job effectively.
5. When making small talk, avoid tales of home ownership, car ownership, and cable TV shows.
Millennials represent a generation of less-driving and less-home-owning ideals. Millennials are happy to car-share and house-share, so don’t engage them on the subject of ownership.
According to Harvard University’s Joint Center for Housing Studies, between 2006 and 2011, the homeownership rate among adults younger than 35 fell by 12 percent, and nearly 2 million more of them were living with their parents, as a result of the recession.
6. They believe in parenting, but they don’t plan to have kids.
Millennials have a revolutionary attitude when it comes to parenting. The facts show that graduates planning to have children has dropped by a staggering 50% over the last 20 years.
A Wharton survey found that only 42 percent of 2012 graduates planned to have or adopt children, compared with 78 percent of 1992 graduates.
7. If you don’t like em, don’t sweat it. They’re unlikely to stick around for too long:
Now that you know the traits of the Millennial generation, you may be unsure about them. If you do have Millennials on staff, and find them difficult to work with, don’t worry.
Because 91% percent of Millennials expect to stay in a job for less than three years, according to the Future Workplace “Multiple Generations @ Work” survey of 1,189 employees and 150 managers. This would tally up to 15-20 jobs across a career.
As you can see, much of what’s been written about Millennials is wrong. Now you know better. In many cases, they are smarter and more informed than most people realize.