Millennials or Generation Yers — those born between 1980 and 2000 and currently 12 to 32 years old — are the largest generation since the baby boomers and they are expected to have a huge social and economic impact on the workplace.
I recently moderated a session on millennials in the workplace with a number of our alumni in executive positions in diverse industries at a Robert H. Smith School of Business executive MBA community event. They shared their ideas about millennials and what their firms are doing to retain them.
“We call them the ‘and’ generation,” said Liam Brown, chief operations officer at the hotel giant Marriott International. “They want a career and fun and a balanced life and to make an impact on the world. They don’t want to give anything up, and they really want to do a lot of good things for the firm and the community,” he said. “At Marriott, we have found that millennials seek a workplace that offers opportunities to advance and grow in their careers, plus a demonstrated commitment to social responsibility.”
Karen Reinhardt, a talent development executive with Lockheed Martin, noted that millennials want to be empowered.
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