- More than one-in-three American workers today are Millennials (adults ages 18 to 34 in 2015), and this year they surpassed Generation X to become the largest share of the American workforce, according to new Pew Research Center analysis of U.S. Census Bureau data.
- The 53.5 million-strong Millennial workforce has risen rapidly. The Millennial labor force had last year surpassed that of the Baby Boomers, which has declined as Boomers retire.
- With its disproportionately large share of immigrants, and at an age of transition from college to the working world, the Millennial generation’s workforce is highly likely to grow even further in the near future.
With the rise of the Millennials, HR leaders who haven't done it already should start implementing recruiting strategies that appeal to the youngest but most bountiful group in the labor force.
For example, Deloitte surveyed 7,800 Millennials from 29 countries on effective leadership and how business operates and impacts society. Key findings include only 28 percent of Millennials feel that their current organization is making full use of their skills and six in 10 say a “sense of purpose,” is part of the reason they wanted to work for their current employers.