A new study by International Business Machines Corp. (NYSE:IBM) has proven all the stereotyping against Millennial workforce in the modern corporate space. International Business Machines Corp. (NYSE:IBM) says that by 2020, more than 50% of the US workforce will comprise of Millennials; ranging from all sectors like HR, development, products and marketing. The study reveals that increasing digital penetration has certainly changed the way Millennials look towards work but the core characteristics like growth, working hours, commitment with work are similar between the Millennial workforce and employees from older generations.
International Business Machines Corp. (NYSE:IBM) interviewed around 1784 employees in 12 countries around the world. The results were startling in many aspects. For example, around 54% Millennials working in different industries don’t fully understand the business goals and long term prospects of their company. But this metric is 58% for the older generations. Similarly, 47% of the people from older generations are more interested in leaving their current job to join a more competitive environment with a salary increase. More than 60% Millennials think that their current organizations are not addressing the problems of customers.
International Business Machines Corp. (NYSE:IBM) study reveals that there is absolutely no difference in Millennials and older generations as far as wish for financial security and innovation is concerned. Millennials want financial security and stability just as much as wanted by boomers.
International Business Machines Corp. (NYSE:IBM) study also busts the myth that Millennials want rewards always. The study reveals that Millennials want rewards for everyone when someone really deserves it.
Warren Buffett’s Berkshire Hathaway hold around 70 million International Business Machines Corp. (NYSE:IBM) shares.
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