Millennials, born between 1980 and 2000, are now entering the workforce in large numbers. By 2020, millennials will form 50 per cent of the workforce. Why is this significant? Because millennials have the numbers and the right collection of new skills that will shape the way projects are managed and run for years to come.
Consider this: Millennials have grown up with fast broadband, smartphones, and social media as the norm and expect instant access to information. They will enter the workplace with a better grasp of a key business tool than more senior workers.
Saying that we don’t understand or know what millennials want is becoming increasingly irrelevant as there is a 50 per cent chance that the person sitting next to you is a millennial. Project organisations have to understand this in order to be able to attract and retain the right talent in what will be a highly competitive market for millennial talent.
Attracting the best of these millennials will be crucial to project delivery and strategic success. I have observed a number of changes on our larger projects to suggest their influences are already shaping the workplace and mainly for the better.
So, how do leaders attract and retain the best and brightest millennials so that they can work on strategic projects required to drive business forward?