Millennials, millennials, millennials – these days it can seem as if they’re all we ever hear about. Millennials can’t find jobs, millennials aren’t getting paid enough, and even the news that more millennials recognize Pikachu than Joe Biden.
The reason for this obsession is justified by their number in the workforce. As Kandi J Brown noted, millennials will make up 40 percent of the workforce by 2020 and 75 percent by 2025.
Happy employees are productive employees, and employee motivation is one of the biggest factors that invariably leads to success in most businesses. In fact, a disengaged employee costs $3,400 for every $10,000 in annual salary.
The average tenure for a millennial employee is estimated at just two years, compared to more than 15 years for a baby boomer. Millennials are a major part of the workforce, and also the least likely to compromise on anything that does not suit their interests. They know their worth and they also know that there’s no shortage of job options.