Managers everywhere have been contemplating the issues surrounding their newest workers. Millennials present an interesting and dynamic group of over-achieving and often entitled youngsters who are trying to prove themselves in today’s sluggish economy. Full disclosure, at 26 years old, some might place me firmly in Generation Y. However, my management experience has allowed me to explore generational relationships and commonalities at various levels. We here at The Grindstone have long been interested in Gen Y employees and their priorities. As we’ve reported, Millennial women value work life balance, whether they are planning on having a family or not. They’re an involved group of professionals with an intense belief that they can and should succeed starting at an early age. And, we’re fiercely entrepreneurial.
This information and more is highlighted in a detailed study at ForbesWoman by Jenna Goudreau. Jenna looks at the top companies employing Gen Y workers and the job titles these professionals are most likely to hold. Unsurprising in this tepid economy, younger workers are most likely to hold service spots at companies like Wal-Mart, Starbucks and Target. However, the top employer of Gen Yers is the Armed Forces.
A little more shocking were the self-proclaimed job titles held by Millennials. While “Server” and “Intern” were high on the list, the most surprising entry came at Number 5. The 5th most popular job title for workers aged 18-29 is “Owner.” That’s right, young employees may be disheartened at this economy, but it looks like they’re planning on taking matters into their own hands. And I believe that this says a lot about a generation whose average tenure with any given company is just over 2 years. Obviously, businesses need to find a way to relate to these ambitious young workers. Or else they might just jump ship and become the competition.
So here’s some helpful hints for managers trying to harnass this entrepreneurial energy.