[Watch an introductory video on Millennials by Erin Schrode of Teens Turning Green, SB 2011]
People make a company. This simple truth is becoming increasing relevant for businesses looking to hire and retain a younger workforce, one that will take companies forward for the next few decades. The challenge is, the emerging pool of talent is dominated by ‘millennials‘, a group that is changing the rules of the game. Remember a time when a steady paycheck was enough to ensure lifelong commitment from employees? No more. A 2011 PWC study on those born between 1980 and 2000 indicates that millennials actively seek multiple employers, sometimes at the same time. They are willing to forgo financial reward for enhanced personal development opportunity and a better work/life balance. And in a radical breakaway from earlier generations, nearly 60% of millennials say they would only work for an employer whose social and environmental values resonate their own progressive views. A stunning 86% would consider leaving an employer whose ethics did not match their own. They are constantly asking the question, “Why do I want to work here?”, driven by the belief that their work can change the world. One respondent sums it up as, “My career will be one of choice, not one chosen out of desperation. It will align who I am with what I do.” Continue reading