Editorial

Published on March 24th, 2017 | by Guest

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Why Millennials Are Reshaping Business for the Better

The millennials generation, youngsters in their 20s and 30s, is becoming the dominant generation in the workforce. Many believe that Millennials hold the key to business success and have the resources to shape the businesses for the better.

Source: https://www.pexels.com/photo/working-in-a-group-6224/

Below are the reasons why:

Millennials are ambitious

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Millennials are highly ambitious, and they will do anything to convert their ambition into reality, such as business formation. Reports show that this is a generation that is willing to travel, relocate and work extra hours just to achieve their goals. People in their 20s and early 30s travel more often for work compared to the generation that is 35 and over. They are willing to do more for the businesses they work for just to attain recognition, more benefits and higher pay.

Millennials and technology

Source: https://www.pexels.com/photo/lego-walpaper-computer-59628/

The Millennials generation expects businesses to embrace technology to improve communication and business operations. And this is a generation that grew up with advanced technology so employers need not invest in training them on how to use devices and software. They are tech smart and travel with their gadgets everywhere. So their efforts are focused on business processes and not learning. They are bringing their technological knowledge to the workplace. Their technological input can contribute to growth and expansion.

Millennials are looking for a work environment that they can feel proud of

Source: https://www.pexels.com/photo/man-portrait-street-people-108048/

Millennials want job opportunities that have a clear purpose and play a role in building a better world. As such, companies have to come up with positive business ventures that will attract the talented young generation. Reports show that brands with positive reputation are more preferred by millennials.

Flexibility

Source: https://www.pexels.com/photo/schedule-planning-startup-launching-7376/

Millennials are trying to overthrow the 8 to 5 work schedule. Many feel that they desire a more flexible work environment. They expect to be allowed to work from the comfort of their homes every once in awhile. This does not affect the productivity or communication since most of the time they will be accessible via phones or laptops.

The expectation of millennials is something that business cannot ignore. They are the largest generation, and it is estimated that they will make up at least 50% of the workforce by the year 2020 and 75% by 2025. With such figures, businesses have no option but to embrace the young generations preferred way of life. Moreover, most of their ways have been proven to improve business operations, so it’s a good change for companies.

 

Author Bio:

Heidi Kim is a professional business consultant and legal researcher focusing on business laws. She is passionate in helping those who have any queries regarding business laws and how these may affect their respective businesses. Follow on Twitter @gehreslawatty

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