Millennials are changing just about everything, from how we live to where we shop.
Their generational preferences for authenticity and social values have sparked widespread innovation across industries, and the American workplace is no exception.
In 2016, Millennials made up 25 percent of the workforce, and are projected to reach over 50 percent by 2020 (MediaPost). As demographics continue to change due to Baby Boomer retirement and continued immigration, the Millennial influence within the workplace will move from novel to normal. According to Pew Research Center, Millennials will dominate the workplace by 2025, holding over 75 percent of American jobs.
At over 80 million strong, the millennial generation is changing the way just about everything works – including work.
Trailblazing millennials are forgoing traditional work opportunities in favor of something that provides a lot more freedom –entrepreneurship.
As millions of millennials start their own businesses and say “yes” to hiring themselves, the way we work is forced to quickly evolve. Full-time employees are being replaced by independent contractors, and old school 9-to-5’s are being converted to virtual positions (margarita by the beach, anyone?).
“It doesn’t matter how much money you throw at Facebook ads – millennial consumers aren’t going to bite unless you do away will all this elitist corporate party line crap!” I (exasperatedly) expressed to an old school business exec.
“We are not deviating from the proven safe zone. I know you’re pretty new to business, but in my forty years of experience, standard corporate messaging always works. Consumers don’t fear what you don’t tell them,” he replied.
Hannah Becker is a millennial author, entrepreneur, and marketing consultant. She currently helps brands increase millennial market share through digital strategy and public relations. Follow Hannah on Twitter@MotivatedGenY