Maximizing Millennials [Infographic]
Posted on July 2, 2012
Millennials, also known as Generation Y, are entering the workplace in record numbers. They are idealistic, diverse, digitally-enabled, social and perhaps most importantly, ambitious. While this is promising for the future of our industries and innovation across the board, many managers and companies are still trying to figure out the best way to maximize millennials.
In the infographic below, you will see that entreprneurship is at an all-time high thanks to people like the members of the Epic Launch community. But being an entrepreneur is often not sustainable or possible over the course of an entire career. That said, you should never ditch the entrepreneurial mindset. Finding an organization that will allow you to grow and innovate is essential because let’s face it… money is a small part of the big picture anymore.
Here are some things that companies should be doing to maximize yours and other millannial’s potential:
Empower the entrepreneurial spirit
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– 92% of surveyed 21-24 year-olds said entrepreneurship education was vital in the new economy
– 30% started a business in college
Provide quality feedback
– 80% of millennials said they would prefer feedback in real time rather than via traditional performance reviews
Let them grow
– 65% of millennials said personal development was the most influential factor in their current job
To learn more about the who, how and why of leading Gen Y, take a look below at the infographic my team at [email protected] produced in partnership with the Young Entrepreneurs Council and their #FixYoungAmerica campaign.