The Millenial Generation

Guest blog by Megan Coale

Today’s new generation of the corporate workforce, called “Millennials” by some, desire more than just monetary compensation out of their jobs. The fifth annual Millennial Impact Report (released by the Case Foundation in partnership with a market-research agency called Achieve) reported that millennial workers desire “fulfillment” from their jobs, defined by them as creating friendships and having a positive impact on the world. With all of the time spent at work these days and all of the added technology that now can ease communication between coworkers a new ‘work-life’ blend has developed. This has led coworkers to develop close friendships and bonds that surpass those of the pre-Millennial workplace.

As an individual who falls into the "Millennial" category (born post-1979), I can say that I was not surprised by the findings of the survey. I have seen this behavior and preference in both coworkers and college classmates who are on the cusp of entering into the workforce. Today’s young people enjoy feeling connected and invested in what they are doing. In the workplace these feelings can create higher motivation and morale.

These new developments in the workplace should be given attention by those involved in the Industrial and Orgamizational (I/O) Psychology field. The key to keeping the younger generation of employees content and efficient is to make them feel fulfilled. It would be beneficial for corporations to define their mission—or cause—as more than just generating a profit. If a corporation does not fully support a “cause” yet then it would be beneficial to organize a company-wide way to support one. For example, Wright Express of South Portland, Maine is serving as a sponsor for the Maine Cancer Foundation’s Tri for a Cure from 2013-2015. While having a positive impact on the world this act can simultaneously give employees a positive feeling about their company and what they are doing. Another way that corporations can use this survey’s information is in their recruiting and hiring processes. Millennials are searching for positive and strong relationships with their coworkers. It would be helpful for recruiters to take this into account and see how prospective hires interact socially within their potential departments.

These findings, if acted upon, can serve to make the workplace a more positive environment that is both more productive, efficient, and helps make our world a better place.

Megan Coale is a senior at Union College in Schenectady, NY. In June 2015 she will be graduating with a Bachelor's Degree in Psychology and English. Megan hopes to continue her studies in Psychology, with a focus on I/O Psychology.