The global workforce is about to experience a large scale changing of the guard. We have been forecasting the impact of Baby Boomers’ retirement for years, but it seems the younger generation has snuck up on us in a much bigger way than we anticipated.
If you pan through the news in Forbes, Bloomberg Business, HR Magazine and all publications in between, you’ll see Millennials littering the headlines. Reports claim that upwards of 90% of this generation will spend less than five years with one employer. Initial speculation might suggest that Millennials have short attention spans or are disloyal. Others color these “punk kids” as just being “whippersnappers.” Some employers say that these new workers just don’t have the skills that businesses need. Continue reading