Millennials care about corporate culture—and that means organizations must, too.
According to Pew Research Center‘s analysis of U.S. Census Bureau data, 35 percent of the U.S. labor force are millennials, surpassing Gen Xers and making it the largest generation of workers in the country.
The analysis states:
As of 2017 – the most recent year for which data are available – 56 million Millennials (those ages 21 to 36 in 2017) were working or looking for work. That was more than the 53 million Generation Xers, who accounted for a third of the labor force. And it was well ahead of the 41 million Baby Boomers, who represented a quarter of the total. Millennials surpassed Gen Xers in 2016.
By 2020, half the global workforce will be millennials, according to a PricewaterhouseCoopers report, so it’s crucial that you understand what they value in their work life.