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16 Advantages of Having Millennials in the Workplace

16 Advantages of Having Millennials in the Workplace

Not so keen to hire millennials in the workplace? Think again. By 2015, 75% of world’s employees will belong to this controversial group, also known as Generation Y (see also: awesome people).

There are plenty of famous and successful millennials: Mark Zuckerberg, Jennifer Lawrence, and Jenna Marbles, for example. But that’s certainly not all.

Millennials all over the world have a lot to bring to the table…perhaps more than any previous generation.

As Individuals:

1. They’re intrinsically motivated

Millennials aren’t just there out of necessity. In fact, 65% of them say that personal development is the most important factor in their careers.

They want to learn, and they want to grow. They’re intrinsically motivated to succeed. The paycheck isn’t the important thing here–they will succeed because they want to, and because it’s important to them.

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    2. They’re cost-effective

    Speaking of money, millennials don’t need much of it. They’re cheaper to have as employees, since work is often motivation enough for them. Earlier generations, such as the baby boomers, were willing to trade happiness and passion for a big fat paycheck.

    Gen Y, on the other hand, is willing to settle with smaller salaries in exchange for flexibility, personal recognition, and happiness, so you can technically pay them less to get quality work. (Though as a millennial myself, I implore you not to…)

    3. They’re genuine

    You know those annoying brown-nosers who suck up to the boss, secretly hoping that their time will come to have all the power? Yeah, that’s not what millennials are about.

    According to Psychology Today, millennials are more genuine. They thrive on being judged by their performance, and they respect those with experience rather than power. They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed).

    4. They’re driven

    Over half of millennials deeply value the ability to progress in their career and are more attracted to careers where they know they have room to be given more responsibilities. This means that they won’t just do their jobs mindlessly; they’re driven and deeply invested in the work they do. They will give you their all in order to prove that they are capable.

    5. They think outside the box

    Living in an ever-changing world, millennials are a creative bunch. They’re constantly thinking of new ideas and are willing to think outside the box (hello, strangely-combined liberal arts degrees!).

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    6. They’re super educated

    Speaking of degrees, most millennials have one. In fact, millennials are the most educated generation yet! (Though unfortunately in the most student loan debt as well…)

     

    As Part of the Team:

    7. They collaborate

    Many think of this generation as having a “me first” attitude, but that’s simply not so. In fact, in the office, other generations were dubbed “The Me Generation(s)”–but millennials have been graced as “The We Generation”. Millennials are generally great with teamwork and collaboration, as long as it helps them create the best work.

    8. They’re tenacious

    Millennials are often known to be impatient, wanting everything right away (after all, it’s the generation that has grown up with any piece of information at their fingertips with the advent of the World Wide Web). However, this makes millennials tenacious in the workplace, constantly working towards finding answers and getting things done as soon as possible.

    9. They’re optimistic

    Despite the not-so-stellar economy we’re experiencing, millennials are the most optimistic generation yet. They’re always looking on the bright side, sure that they will be able to make it in whatever ventures they take. This generation is less jaded than previous generations, believing that they are capable of anything.

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      10. They value your feedback

      Millennials need acceptance. They need to feel validated. Many view this as a negative, but this can be a great thing in the workplace. Millennials need feedback, and they will listen to the constructive criticism you give them and use it to constantly better themselves.

      11. They are flexible

      As Forbes staff writer Caleb Melby highlights, “We are taught to think that if something has been a certain way for very long, there’s a possibility that it’s no longer good enough.” We are constantly working against stagnation and towards new ways of thought. That also makes Gen Y very flexible and used to change. We roll with the punches.

      With Technology:

      technology

        12. They’ve grown up with it

        I remember the first time using a computer. However, it was so long ago that I barely remember it. Millennials have grown up with computers. We were the first generation to have computer classes in elementary school. We are the first generation that has had technology be a major part of our lives for…well…our whole lives. Technology is only becoming bigger in the workplace, and it’s important to have tech-savvy workers.

        13. They’re the best at social media

        Millennials are known for constantly being on their phones. They’re Tweeting, they’re Facebooking, they’re Pinning, they’re Tumbling. (Is that the word for using Tumblr? I’m more of a Pinterest gal.)

        Millennials have also grown up with social media, and they understand it better than any generation ever has. They also understand the potential it has to spread awareness and information. After all, social media is their life.

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        In The World:

        right thing

          14. They’re ethical

          As more millennials enter the workforce, it’s likely that more good will be done in the world. That is, half of Gen Y thinks it’s essential to work for a company that is ethical. They’ve got their hearts in the right place.

          15. They’re charitable

          Millennials are also very enthusiastic about donating to charities, volunteering their time, and being active in their communities. Firstly, the more people like this in the world, the better. But as an employer, hire a millennial, and you’re hiring someone who will serve as a great face for your company.

          16. They care about the bigger picture

          Millennials are able to see what really matters. They believe that success of a business isn’t defined by finances alone, but how the business has improved society.

          Generation Y is looking to change not only the office space, but the world as we know it.

          And they absolutely will.

          Featured photo credit: _MG_9622/meckert via flickr.com

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          Last Updated on May 15, 2019

          10 Most Successful Entrepreneurs and What We Can Learn from Them

          10 Most Successful Entrepreneurs and What We Can Learn from Them

          Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

          Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

          1. Melanie Perkins: Know Your Worth and Keep Trying

            Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

            She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

            Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

            2. Bill Gates: Keep Learning and Exploring

              If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

              Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

              He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

              “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

              Gates’ success is built on self-improvement and the seeds of an idea.

              3. Elon Musk: Never Stop Innovating

                Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

                Elon Musk, however, breaks that rule.

                Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

                When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

                Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

                4. Richard Branson: Develop People First

                  British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

                  The billionaire is strongly particular about working with a team that shares his core values and aspirations.

                  Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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                  A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

                  Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

                  5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

                    Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

                    For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

                    While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

                    While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

                    6. Mark Zuckerberg: Start Small, Think Big

                      Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

                      “The biggest risk is not taking any risk.”

                      He’s always daring to explore with a fearless mindset.

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                      The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

                      However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

                      7. Steve Jobs: Live Your Own Dreams

                        Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                        The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                        Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                        After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                        8. Warren Buffett: Balance is Essential to Success

                          Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                          After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                          With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                          9. Jack Ma: Never Give up

                            On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                            Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                            His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                            Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                            10. Tan Min Liang: Passion Can Pay Off

                              Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                              Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                              The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                              So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                              Final Thoughts

                              In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                              Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                              Featured photo credit: Patrick Tomasso via unsplash.com

                              Reference

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