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Are 'echo boomers' willing to take more risk?



Dear readers,

A lot of articles I read nowadays are focussing on how to find a job when you're over 45. But what about the millennials or echo boomers (named after their parents, the babyboomers)?  These youngsters (born between the eighties and the early 2000s) are digitally native general enjoy living and working in the cities.








According to wikipedia  some employers are concerned that Millennials have too great expectations from the workplace. Some studies predict they will switch jobs frequently, holding many more jobs than Gen Xers due to their great expectations. Newer research shows that Millennials change jobs for the same reasons as other generations—namely, more money and a more innovative work environment. They look for versatility and flexibility in the workplace, and strive for a strong work–life balance in their jobs and have similar career aspirations to other generations, valuing financial security and a diverse workplace just as much as their older colleagues. Educational sociologist Andy Furlong described Millennials as optimistic, engaged, and team players.




When Baby Boomers were starting out and hit the age that they were bombarded with financial responsibilities, they gravitated toward steady paychecks.  Let’s face it; the same is happening to Millennials. They are now beginning to pay off college debt, buy homes, buy cars and have babies.  Millennials just started this process later than their Boomer parents and grandparents. It is still appealing to be your own boss, but not necessarily when the bills keep piling up and your income doesn’t always match the outflow.  Waking up in a cold sweat seems to be getting too scary for many Millennials.

The New Work Place Will Change: “Culture Is Key”
Today’s workplace is morphing into a hybrid of supporting an environment of stable employees by giving them the independence to enjoy real work-life balance.  Many companies offer telecommuting as the “new normal.” The tradeoff is that you sort of have to be available 24/7 to answer emails, but you can do that from the beach and as long as you perform your work.  The firm does not care where you are; however, the key is that your company really needs to be committed to that and not to just give lip-service.




Millennials are continuous learners, collaborators, achievement-oriented, socially conscious and highly educated.” For instance, CNN Money reported that McKinsey & Company, the consulting firm, allows its employees “…to take 5 to 10 weeks between projects to pursue their personal interests.  It’s unpaid time but they get to keep benefits.” Another example of culture-shift is with GE.  CNN also reported that “…the firm is trying to move from a ‘command and control model’ to a faster, simpler culture where individual teams have more autonomy to experiment and make decisions.”


Millennials love companies that truly share their values.

Millennials want to contribute to the positive impact they believe business has on society, but in doing so, they wish to stay true to their personal values.” Millennials are sometimes portrayed as job-hoppers, but, as Fortune.com noted in their survey of 100 Best Workplaces For Millennials, “…our data suggests that when millennials’ expectations of an excellent company culture are met, they are more willing to stay.”








http://www.forbes.com/sites/nealegodfrey/2016/09/13/news-flash-independent-contractors-may-not-be-the-new-sexy/#1d51dc415ff3

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