Due to the endless positive feedback that was showered upon Gen-Y kids throughout their lives, the young adults of this generation tend to be extremely confident -- some would say overconfident. They tend to enter the workforce with very high expectations both for themselves and for their employers, and they often have plans to effect change at their company from day one. They also often have much higher salary expectations than entry-level positions actually pay, although this has been tempered somewhat by the Great Recession.
Additionally, because many members of this generation have headed home after graduating college (giving them the nickname of the Peter Pan Generation for not really "growing up" and heading out on their own until their early 30s), they have the luxury of bouncing from job to job until they find one that suits them. This lack of fear about holding on to one job tends to make them outspoken and unafraid of the boss.
While job security might not be near the top of the list for young Gen Y'ers, financial security certainly is. Often having watched their parents loose bundles in the stock market or as a result of the housing market crash, Gen Y'ers tend to be savvy about finances and value a robust 401k plan from their employer.
Yet this generation tends to keep money -- and work -- in its place. Gen Y'ers are likely to see work as something that helps them live the rest of their lives rather than seeing work as life -- in other words, they work to live rather than living to work. On the whole, they'd rather work at an interesting job for less money that allows them plenty of time out of the office (or working at home) rather than putting in 12-hour days for a six-figure salary.
In short, Gen Y'ers want stimulating work that gives them lots of opportunity for change and growth -- both personally and professionally. They crave instant feedback at work, much in the same way text messages to their friends are often answered within seconds, or their posts on Facebook are quickly "liked." They don't want to be cogs in a corporate machine, nor do they want simply to be told what to do by an overbearing boss. They want to shape and be shaped by their daily work experience -- and if that experience could include working with their friends in a casual and fun environment, so much the better.
Want to know more? Keep reading for lots more information about Generation Y.
- How Generation X Works
- Baby Boomers: All You Ever Needed to Know
- How Net Generations Students Work
- How Aging Works
- Why do old couples look alike?
- How do sleep habits change as you age?
- What was Australia's Stolen Generation?
- Are baby boomers healthier than previous generations?
- How is an aging baby boomer generation changing the design of homes?
- Armour, Stephanie. "Generation Y: They've arrived at work with a new attitude." USA Today. Nov. 6, 2011. (April 26, 2011)http://www.usatoday.com/money/workplace/2005-11-06-gen-y_x.htm
- Asthana, Anushka. "Generation Y: They don't live for work … they work to live." The Guardian -- The Observer. May 25, 2008. (April 28, 2011)http://www.guardian.co.uk/money/2008/may/25/workandcareers.worklifebalance
- Brand Strategy. "GENERATION Y RESEARCH: What makes 'y' tick. (capturing echo boomers' market." Feb. 5, 2007. (May 4, 2011)http://www.highbeam.com/doc/1G1-158887447.html
- Cape Argus. "Generation Y 'will make history'." May 26, 2010. (May 2, 2011)http://www.highbeam.com/doc/1G1-227367631.html
- GenYPedia™. "Welcome to GenYPedia™ -- The Gen Y Encyclopedia." (April 30, 2011)http://www.genypedia.com/
- Levit, Alexandra. "Gen Y Gets Working." The Wall Street Journal. May 3, 2009. (April 29, 2011)http://online.wsj.com/article/SB124131312939880579.html
- Lusk, Brittani. "Study finds kids take longer to reach adulthood." The Daily Herald. Dec. 5, 2007. (May 5, 2011)http://www.heraldextra.com/news/article_3db6743c-35bc-5e6a-a737-938b93f57ac3.html
- M2 Presswire. "Ashridge research into 'Generation Y' sorts fact from fiction." June 17, 2009. (May 1, 2011)http://www.highbeam.com/doc/1G1-201947963.html
- Pew Research Center. "Millennials: A Portrait of Generation Next." Feb. 24, 2010. (April 25, 2011)http://pewresearch.org/millennials/
- Theilfoldt, Diane and Devon Scheef. "Generation X and The Millennials: What You Need to Know About Mentoring the New Generations." Law Practice Today. August 2004. (April 27, 2011)http://apps.americanbar.org/lpm/lpt/articles/mgt08044.html
- Treuren, Gerry and Kathryn Anderson. "The employment expectations of different age cohorts: is Generation Y really that different?" Australian Journal of Career Development. Dec. 22, 2010. (May 3, 2011)http://www.highbeam.com/doc/1G1-231506184.html
- Trunk, Penelope. "What Gen Y Really Wants." Time. July 5, 2007. (May 1, 2011)http://www.time.com/time/magazine/article/0,9171,1640395,00.html
- Tulgan, Bruce. "Not Everyone Gets a Trophy: How to Manage Generation Y." Jossey-Bass, A Wiley Imprint. 2009.