Since the dawn of the 21st century, our society has seen major changes throughout a multitude of different spheres. The world has completely changed in the past two decades, as the rise of modern technology and the Internet have led to a total transformation of our world. There have been numerous alterations to our civilization in recent years, and one of the most prominent of these changes has been in the economy.
Much has changed in the economy of the 21st century, and one of the most influenced entities has been with millennials in the professional world. The economy has undergone a revolution, with new industries being created, as well as a change in the workforce. The biggest change in the workforce in recent years has been the increase in the number of millennials who are joining the professional world. Millennials are the fastest growing group in the workforce, and learning about them will allow you to realize how and why the workplace is changing in today’s world.
Millennials Explained
There have been numerous changes to the economy in recent years, and the influx of millennials into the professional world has been at the forefront. Millennials are the generation of people born between 1981 and 1996, and these people between the ages of 22 and 38 are totally transforming everything about the workplace. Millennials were born and grew up in an extremely dynamic world, with entities like the Great Recession, the War on Terror, and other facets that have totally shaped our society.
Millennials have vastly different values than their parents’ and grandparents’ generations, and this has become evident as they have entered the workforce. Understanding the mindset of millennials allows you to realize how they are changing the workplace in the 21st century.
The Effect of Millennials in the Workplace
Millennials are the largest segment of the workforce in today’s economy, so it makes sense that they have been the ones who are changing it. There have been many changes to the workplace environment in recent years, and much has been due to millennials’ increasing role in the professional sector. A common trait amongst millennial workers is that they require a more enjoyable and satisfying office environment and experience.
Office experience is more important to many millennials than salary, and although of course money is still a driving factor in why millennials work, they truly want to have a life that they enjoy. Companies have noticed this and when working with millennials, they have included more benefits like employee recognition programs and more flexible working arrangements to build a new corporate culture.
Millennials grew up in a time of changing technologies, and this has allowed them to have technological proficiency to be second nature to them. Businesses have recognized this, and have implemented newer and more useful tech for millennial workers to use, and have improved upon their workplaces.
Final Thoughts
As the economy becomes more involved with millennial culture, we will continue to see major changes throughout the workplace. Understanding how millennials have changed the professional culture will allow you to recognize how our economy is changing and what it will look like as the future progresses.