In the United States, the demographics of workers is shifting strongly towards a majority of the workforce being predominately made up of Millennials. Compared to other generations (Baby Boomers or Generation X), we see a drastic difference in their work philosophy, especially regarding use of technology and work-life balance.
In a five-year long research report released by MBO Partners on the independent workforce in America, they found that Millennial independents are growing at a rate of 18% annually, compared to 8% workforce growth overall. By 2020, 45% of the non-farm …show more content…
private workforce, most of whom will be Millennials and their younger counterparts, will be independent. (MBO Partners, 2015)
Millennials currently make up 30% of America's independent workforce. It is also estimated that within the next two years, they will become the largest generation of self-employed workers in America, surpassing Baby Boomers and Generation X alike. It is very important that HR and employers listen to, account for, and prepare to confront and address the unique nature and demands of this distinct generation of workers.
Lastly, projections of future employee trends suggest that Workplace flexibility is going to be a significant aspect for most jobs such that the next generation of Human Resource Managers need to be prepared for. But as much as these might seem like challenges, there are also benefits for employees and employers who decide to embrace a more flexible culture.
Flexjobs conducted their fourth annual super study that focused on survey from 2600 participants which covered a wide range of demographic; age, gender etc.
In their survey they were able to determine 3 distinct advantages of a more flexible work schedule. These included; Greater employee loyalty (82% of participant stated that a more flexible work schedule would increase their loyalty toward their current employer), improved quality of life (97% of participants stated that working a job with flexible hours would lower stress levels by as much as 50%) and Increased productivity (According to the survey, 76% of workers avoid the office for important tasks and 50% said that working from home was a better option because it eliminated distraction and interruptions form colleagues as well as minimizes office politics and stress
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