Millennials: the generation that’s about to revolutionize the world of work

It’s the era of the millennials. As a report by consultancy firm Deloitte confirms, three out of every four workers in 2025 will be part of this generation. STEM (Science, Technology, Engineering and Mathematics) sectors will be strongly affected, representing over 14% of jobs in 2020.

Yet, what motivates these young people? What values do they stand for? How do they interact with their colleagues? We have spoken to three millennials to get a first-hand account of their experiences. A simple concept sums up these professionals’ happiness: loving what you do. There are statistics to back this idea up. Fundación Telefónica’s Information Society report shows that 60% of millennials feel that having a job they love is more important than how much it pays. Also, they prioritize a business’s human values above economic factors when it comes to choosing a job.

Committed young people

These values include diversity, equality, teamwork, and digitalization. Digitalization affects all of these other values. The term “millennial” is synonymous with digital culture: In Spain, 7 out of 10 millennials work digitally. One of them is José Manuel Cano, a Telecommunications Engineer with two years experience in the IT area. For this 30 year old from Alicante, “the company’s people management policy encourages employees to embrace the digital revolution.”

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Gender equality is also a concern for these young people. A recent study by The Boston Consulting Group across 21 countries showed that male and female millennials have closely aligned attitudes to gender diversity. According to this study, millennial men are more likely than the previous generation to form part of a double-income household, share child-rearing responsibilities, and support their female colleagues’ struggles.

Paula Fernández Checa is one of these women. This 28-year-old geologist has a Master’s in Hydrocarbon Exploration and Production and loves field work. She has visited boreholes all over the world, “recognition” that she sees as a sign of trust from a company that understands that flexibility and efficiency aren’t mutually exclusive.

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Learning and performance

These young people also have outstanding time management skills. Millennials spend more than a quarter of their time at work discussing new ideas and developing their leadership skills. Twenty percent of them receive mentoring.

Linda Chim Li is a great example. She works as an industrial engineer, but hopes to expand her knowledge in the commercial area. Linda appreciates the fact that companies never stop investing in your professional development. “I look at colleagues that have 20 years of experience and I’m in awe of everything they’ve learned and brought to the table.” This young woman with Chinese roots would like to lead projects and pass on some of what she’s learned. Linda, who has already taken part in training sessions and tutorials about succeeding in STEM careers, thinks that “giving knowledge back is very beautiful.”

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To sum up, what makes these three professionals happy is enjoying what they do. “Waking up every morning, knowing you’ll learn something new that day,” says José Manuel. “Looking forward to going back to work when Sunday comes,” states Paula. And as Linda said: “Happiness is waking up and doing what you love.”

X, Y, Z: Breaking down three generations

 

Generation X

Members of Generation X were born between 1965 and 1980. The so-called Transition Generation grew up between two economic crises. They were raised in the analog age but are familiar with the rules of digital society. In spite of this, they still respect organized structures and the way of life they learned from their parents.

 

Generation Y

Generation Y came into the world between1980 and 1995. They have endless entertainment opportunities at their fingertips, many of them technological. Technological influence has paved the way for an insatiable and nonconformist generation. Their personal and work relationships are driven by a desire to change things and have fun. The journey is more important than the destination.

 

Generation Z

The “digital natives”. The generation that came out of the womb holding a smartphone. Generation Z was born between 1995 and 2010 and they are starting to move from the classroom to the office. The boom in collaborative consumption has come about during their lifetime. You don’t need to own things to enjoy them. New models that are created as a result of new paradigms: diversity and a sense of justice.

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