They're often criticized as spoiled, impatient, and most of all, entitled.

But as millennials enter the workforce, more companies are jumping through hoops to accommodate their demands for faster promotions, greater responsibilities and more flexible work schedules—much to the annoyance of older co-workers who feel they have spent years paying their dues to rise through the ranks.

Employers, however, say concessions are necessary to retain the best of millennials, also known as Generation Y, which is broadly defined as those born in the 1980s and 1990s. They bring fresh skills to the workplace: they're tech-savvy, racially diverse, socially interconnected and collaborative. Moreover, companies need to keep their employee pipelines full as baby boomers enter retirement.

Read it all.

Filed under: * Culture-Watch • Psychology • Young Adults • * Economics, Politics • Economy • Consumer/consumer spending • Labor/Labor Unions/Labor Market

1. Archer_of_the_Forest wrote: Well, Baby Boomers aren’t ones to complain about entitlements, seeing as they are going to bleed virtually all social entitlements dry and leave nothing for any subsequent generations. August 26, 8:37 am | [comment link]

2. Teatime2 wrote: Yes, I don’t begrudge Gen Y some extra perqs or flexibility. It hasn’t been easy for them and it won’t be in the future, either. They’re saddled with student loan debt and they’re operating in a very unstable job market. They should enjoy the perqs when they can get them. August 26, 4:36 pm | [comment link]

3. centexn wrote: Just give me back all the money deducted by co-ersion from my salary over the last 40 years, lump sum in gold or silver, with compound interest, and adjusted for inflation. I will gladly walk away from the “entitlements”. August 27, 12:53 pm | [comment link]

Registered members must log in to comment.