Getting In Succeeding Influencing Others Insights

SharpenUrEdge™ FACTS

by Amy Masson on July 8, 2012

  • There are the nearly 80 million young adults born (according to the U.S. Bureau of Labor Statistics) between 1976 and 2001 who have already joined or are preparing to join the workforce.
  • By 2014, 36 percent of the U.S. workforce will be comprised of this generation.
  • By 2020, nearly half (46 percent) of all U.S. workers will be Millennials (Lynch, 2008).
  • 37 percent of Millennials, in a recent SBR Consulting survey, said they didn’t trust big business (Randall, 2011).
  • For Millennials training and development is the most highly valued employee benefit.  The number choosing training and development as their first choice of benefit is three times higher than those who chose cash bonuses. 98 percent believe working with strong coaches and mentors is an important part of their development.
  • A 2011 Pew Study on young adults and work found that 41 percent of the public believed young adults (between the ages of 18 and 34) were having a tougher time in today’s marketplace than middle-age and older adults when it came to finding long- term employment.
  • Since 2010, the share of young adults currently employed (54 percent) is the lowest since the U.S. government started collecting such data in 1948.
  • Some 70 percent of Millennials say there is a possibility they will change jobs once the economy improves. SBR Consulting-Survey on Millennials. 
  • Compensation, a flexible work schedule, and an opportunity to make a difference are the top three priorities of Millennials. SBR Consulting-Survey on Millennials.
  • Despite the current economy, 70 percent are positive about their future in general. SBR Consulting-Survey on Millennials.
  • Entrepreneurism has not hit a tipping point with this generation as only 9 percent say they plan to open a business within the next five years. SBR Consulting-Survey on Millennials.
  • A February 2011 Poll conducted by the Society For Human Resources found that 72% of more than 400 respondents indicated to a “large degree,” “to some degree,” or “to a slight degree,” when asked “to what extent is intergenerational conflict an issue in your workplace?”
  • In a 2010 Pew Research Center Survey Study: Millennials: Confident. Connected. Open to Change, of 1,200 people of all ages surveyed, Millennials were the only participants who did not cite “work ethic” as one of their top five “principle claims to distinctiveness.”

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