What qualifies as Gen Y?
Gen Y: Gen Y, or Millennials, were born between 1981 and 1994/6. They are currently between 25 and 40 years old (72.1 million in the U.S.) Gen Y. 1 = 25-29 years old (around 31 million people in the U.S.)
What does Gen Y really want in the workplace?
Gen Y seeks work-life balance Gen Ys usually seek positions in which they can have a solid work-life balance. They prefer a job that allows them to spend more time with their family or pursue personal goals. In some cases, they may prefer a job with more flexible hours over one that offers higher pay.
What do millennials need to consider to get the compensation and benefits package they want?
Consider the following tips on how to design compensation and benefits for millennials.
- Workforce challenge.
- Engaging employees.
- Preferred benefits: Health coverage and assistance with student loans.
- Work-life balance.
- Financial well-being.
- Authentic benefits communication.
What are Gen Y known for?
To some, members of Generation Y, also known as millennials, are liberal, insanely tech savvy, self-expressive, confident, and open to new ideas and new ways of doing things.
What is a geriatric millennial?
You were born in the early 1980s, making you in your mid-to-late 30s or early 40s. Marka/Getty Images. Dhawan defines geriatric millennials as those born from 1980 to 1985. That means they’re turning ages 36 to 41 this year.
What’s wrong with Gen Y?
In fact, because of the way Generation Y was parented, they tend to have difficulty with problem solving, failure, accepting and learning from mistakes, and having realistic expectations. There is decreased accountability, responsibility, and independence.
What Gen Z and millennials want?
Gen Z and younger millennials want leaders who support a diverse and inclusive workplace. Younger generations grew up in a world that was far more diverse than previous generations. They demand respect, equity and inclusion — and they are voting with their consumer and employment choices.
What millennials want from work flexibility not salary?
According to a study conducted by FlexJobs, many millennials are starting to rank work-life balance and flexibility as more important to them than compensation. For employers, putting employee loyalty, job satisfaction, and work-life balance first pays off.