GENERATION Y: THE MILLENNIALS READY OR NOT, HERE THEY COME

Generation Y makes up over 70 million people in the U.S. With those born between 1977 and 1994 included, they make up over 20% of today’s population. The largest generation since the baby-boomers, the Millennials are defined by their numbers. They will have a huge social and economic impact.

There are three major characteristics of the Millennial group: 1) They are racially and ethnically diverse, 2) They are extremely independent because of divorce, day care, single parents, latchkey parenting, and the technological revolution that they are growing up alongside, and 3) They feel empowered; thanks to overindulgent parents, they have a sense of security and are optimistic about the future.

The oldest members of generation Y are now entering the workforce. At the same time, the Baby Boom generation is retiring at a much older age than those of previous generations. This will bring intergenerational conflicts, as well as uncertainty about what the future of America’s workforce will be.

This paper will examine who Generation Y is, their attitudes, and how to recruit and retain the next generation.

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