Boomers want to know what it was like to grow up with today’s technology, and how that impacts one’s outlook. Employees are bombarded with notifications, … Some collaboration tools to consider include video- and teleconferencing software, digital whiteboards, and chat programs such as Slack. However, you shouldn’t confuse these tech expectations with entitlement – rather, I take them as an indication that younger workers want the tools, data, transparency and innovations necessary to do their jobs. They are members of a poor generation, but at the same time, they manage to remain optimistic. Indeed, the workplace landscape is changing. data than referenced in the text. Among Millennials, around four-in-ten (39%) of those ages 25 to 37 have a bachelor’s degree or higher, compared with just 15% of the Silent Generation, roughly a quarter of Baby Boomers and about three-in-ten Gen Xers (29%) when they were the same age. Millennials spend about 27 hours consuming online media (Fortune, 2017) The largest gap between millennials and their older counterparts is with Snapchat. Expertise from Forbes Councils members, operated under license. Companies can restructure their workplace policies to provide a better work-life balance and more independence. All important statistics are prepared by our experts – available for direct download as PPT & PDF! This and their relative comfort with technology is the defining factor that sets millennials apart from previous generations. Today, tech savvy has evolved. Some neuroscientists have targeted which parts of the developing brain are affected by technology use.According to researchers at the Chinese Academy of Sciences in Beijing, there are changes in the ways the prefrontal cortex, cerebellum and parietal lobe mature. • Millennials believe in the power of motivation. You may opt-out by. facts. For many years, baby boomers comprised a significant segment of the workforce. The United States job market is strong, with the longest streak on record of 102 months of continued job growth as of March 2019. (212) 419-8286. • Millennials want to be taught lessons in class as close to real life as possible. An infographic that shows Generation Z's technology usage and trends. In this series, you'll learn about the latest trends in the workforce and the impact tech can have, as well as some best practices to ensure your company effectively attracts and retains top talent. The most important key figures provide you with a compact summary of the topic of "Millennials in the U.S." and take you straight to the corresponding statistics. Millennials are the latest generation to straddle the before-and-after of rapid technological change. Millennials and career well-being Most of today’s leaders inherited 20th century institutions, which are … Millennials and the generations after them grew up in a digital world. According to the 2016 State of the Connected Customer survey from Salesforce, 71% of … Millennials + Technology: The Good, the Bad and the Awkward. The brain develops based on how it’s used. Discover all statistics and data on Millennials in the U.S. now on statista.com! Millennials are really good at personalizing their tech. When you're building a tech stack and work culture with millennials in mind, there are a few key factors to take into consideration: • Flexibility: More and more people are working remotely; in fact, a 2018 IWG study found that at least 70% of employees work from somewhere other than the office at least one day per week. Last week Emily Seymour wrote about effects of Generation Z’s having been born into new technology—from their use of digital media and the concomitant mental health issues contiguous to … Statista assumes no Growing up plugged in has drastically affected how millennials view the world and themselves. Thus, in the modern workplace, the tech stack is a key aspect of the employee experience. Although these characteristics may speak some truth, they do … The term Millennial was coined in 1991 by historians … The millennial generation’s purchase power is large and growing. I feel continued optimism about the future. It’s projected to reach $1.4 trillion … In one way or another, all generations have embraced technology. To be tech savvy, you need to close the gap. The infographic reveals tech insights about the generation after Millennials. A Portrait of Generation Next, Millennials in the U.S.: media & marketing, Millennials in the U.S.: Grocery shopping behavior, Millennials in the U.S.: Consumer goods and shopping behavior, Millennials financial management habits in the UK, Millennial homeownership in the United States. According to the U.S. Bureau of Labor Statistics, 80 million Millennials were born between 1976 and 2001. Without technology and access to the internet, my job would be nearly impossible. liability for the information given being complete or correct. Social impact is a key priority of millennials in the workforce. Gains in … While the gap exists in almost all facets of social and personal domains, never is it more evident than in the field of technology, where one of the generations is a digital native and the other, an immigrant or even an alien, depending upon the stage of the continuum of adulthood. • Productivity: Contrary to popular belief, millennials have been framed by some studies as workaholics: According to a study by Project:Time Off and GfK (via HBR), millennials are more likely to give up unused vacation days than other groups. • This could include CRMs like Salesforce or content and document management systems like Google Drive and Confluence. However, these tools should also meet the company’s needs with regards to security, accessibility and cost. As a result, finding, hiring, and motivating the best and the brightest has become a key challenge for many. Millennials have often led older Americans in their adoption and use of technology, and this largely holds true today. For example, Millennials like to handle their finance themselves, and they primarily do so online. A study from ManpowerGroup found that 83% of millennials report working more than 40 hours a week, and 23% work over 50 hours. While the older workforce could leave a gap, millennials, defined by Pew Research as those born between 1981 and 1997, have quietly become the largest generation in the U.S. labor force, accounting for more than 1 out of every 3 workers in 2017. Millennials stand out when it comes to producing and uploading online content (60%) compared with non-Millennials (20%). Please do not hesitate to contact me. Millenials downloading coupons from couponing sites, Millenials who un-friended someone online, Frequency Millenials purchase store brands, Millenial Facebook users interested in music, Number of Millennial social network users in the United States (in millions), Share of Millennial social network users in the United States, U.S. Millennials: grocery shopping behavior, U.S. Millennials: Consumer goods and shopping behavior, U.S. Generation X (Gen X): Grocery Shopping Behavior, Internet usage of Generation X in the United States, Internet usage of Millennials in the United States, U.S. cities where millennials carried the most/least debt, War of the Words: Millenials vs. Baby Boomers, Millenials. The latest Barna research shows that Millennials are giving, yet technology is significantly changing how they give. However, many sectors of the economy are now experiencing a talent shortage and struggling to fill open positions. Over 25% of millennials use a mobile phone as their primary source for content compared with 17% of... Tech Usage & Content Consumption. Younger employees bring new ideas, fresh points of view, and different skills and habits, but they may also bring with them expectations for the tools and responsibilities they need to succeed. 48 percent of employed college graduates work in jobs that don't require a four-year degree. Try our corporate solution for free! In the past, being tech savvy could mean knowing your way around Microsoft Office. Opinions expressed are those of the author. At the same time, we are seeing a generational shift in the workplace. Further, a Microsoft survey conducted in partnership with SurveyMonkey (via CIO) found that "93 percent of millennials polled cited modern and up-to-date technology as one of the most important aspects of a workplace." The elusive "generation gap" is construed as being widest when one of the two generations is the adolescent. Millennials are 2.5 times more likely to be early adopters of technology than are older generations. Millennials may have been born during an economic crisis, but technology is what keeps them optimistic Millennials were born into volatile economic periods of boom, bust, recession, and crisis. Just because there is a lot being written about Gen Y in the media does not mean that anyone really understands anything. Erickson, also a psychology professor at Pitt, said t… Technology’s rapid growth over the past several decades has opened the most globally connected chapter in human history. That means you should provide employees opportunities to interact in the same way, whether they are across a table, across a room or across the world from their coworkers. Their comfort level with digital has them engaging online in ways other generations are just warming up to. Tech savvy is certainly a subjective term, but it should mean that you know how to make tech work for you and not the other way … More than nine-in-ten Millennials (93% of those who turn ages 23 to 38 this year) own smartphones, compared with 90% of … Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook In the simplest of terms, being tech savvy is knowing more than just the basics, like the ins and outs of the software and apps used by the worker on a daily basis. Technology that addresses these key factors should be on-demand, mobile-friendly and instantaneous and have the same ease of use as the tools that are already ingrained in millennials’ day-to-day lives. Directly accessible data for 170 industries from 50 countries I believe this is how many other millennials view technology too. Attracting workers is be more competitive than ever before in industries with talent shortages, and even those not seeking new jobs may receive offers regularly with search tools like LinkedIn. One of the biggest changes I've seen is a demand for tech-enabled working conditions. But as of a 2010 estimate, every day, 10,000 baby boomers will turn 65, and by 2030, nearly one in every five residents will be of retirement age. Millennials and Tech at Home. How Technology is Responsible. Millennials - critics have scrutinized this generation from many angles in recent times, with varying conclusions. As the vice president of business development at a tech company (and one that employs a lot of millennial talent), I'm very conscious of implementing the latest cutting-edge tools in the company's tech stack and have clearly seen the impact of doing so across the company. And in the modern workplace, I've found that going digital is a key aspect of providing a positive employee experience, as are diversity and inclusion. Even in the workplace, the millennials at my company want to share ideas with, learn from and extract feedback from each other. However, it is important to recognize that the millennial cohort may have unique needs, challenges and expectations for the workplace, which means companies may have to adjust their recruiting and talent-management strategies. There are emerging trends that indicate younger generations may adapt technology the earliest, but it is now the older demographic market that is … Being the first generation to be born in a digital era, millennials are tech-savvy and consume technology in a different way to previous generations. They are more likely to use the Internet, broadcast thoughts, and contribute content. A: Technology has been an integral part of my work. Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, lived with their parents due to poor economic conditions. Texting and web surfing use different parts of the brain than reading or speaking. The Importance of Technology for Millennials at the Workplace. and over 1 Mio. Neilsen identifies the use of technology as the factor that most makes this generation unique. The term Millennial was coined back in 1991. 75 Eye-Opening Statistics on How Each Generation Uses Technology Device Preferences. Millennials and the generations after them grew up in a digital world. Find resources on the banking preferences of millennials, and explore strategies to connect with millennials, and attract and maintain millennial customers. The often-mentioned “always on and available” mindset may have been shaped in large part by the weak and uncertain job market that some in this generation came up in. Narcissistic, demanding, and lazy seem to be common. New, Figures and insights about the advertising and media world, Industry Outlook Millennials use apps and technology to stay healthy; and while they are earning less than older generations, they are spending more on health and fitness. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, 102 months of continued job growth as of March 2019. Are you interested in testing our corporate solutions? Most of us utilize only 10% to 20% of most program's full functionality. By Emily A. Vogels. VP of Business Development at IMS, overseeing the company's strategic partnerships with other leading companies in the CRE space…, VP of Business Development at IMS, overseeing the company's strategic partnerships with other leading companies in the CRE space, © 2020 Forbes Media LLC. New, Everything you need to know about the industry development, Find studies from all around the internet. Due to varying update cycles, statistics can display more up-to-date It has driven efficiencies and accelerated the careers of our employees. Tech Expectations In The Modern Workplace. The technology you use should allow them to easily communicate and collaborate with their co-workers and empower them to focus as much of their time as possible on value-add tasks. Update, Insights into the world's most important technology markets, Advertising & Media Outlook According to the 2016 State of the Connected Customer survey from Salesforce, 71% of workers expect their employer to provide the same level of technology as they use in their personal lives. All Rights Reserved, This is a BETA experience. Even millennials are still perplexed by their own generation, including themselves. Today’s young adults are much better educated than their grandparents, as the share of young adults with a bachelor’s degree or higher has steadily climbed since 1968. • Millennials want to be taught both about authentic and autocratic leadership. Millennials are the fastest growing customer base for banks, and they are changing the way that banks do business. Even the oldest millennials have had internet access since high school, so it's no surprise that the "selfie generation" deals in bits as much as it deals in atoms. Thanks to the rising cost of college tuition, Millennials have amassed $1 trillion in … Get in touch with us. While job hopping can be partly attributed to young age, the trend may also reflect technological advances that Millennials are so comfortable with. 43 percent of millennials in the US are nonwhite, the largest share of any generation (Pew Research … They're in Debt. By now, nearly every job has been changed or even transformed by technology in some way. Because of the rise of the internet, the typical millennial worldview extends far outside their immediate, local community. In fact, Millennial generosity, for the most part, has gone paperless. U.S. Millennials: online CPG shopping behavior Q4 2012, U.S. Millennials: online and computer security activities 2013, U.S. Millennials' preferred grocery shopping location 2014, U.S. Millennials' frequency of purchasing store brands 2014, Millennials: most popular interest categories on Facebook 2013, U.S. Millennials: social network users 2012-2018, U.S. Millennials: social network penetration 2012-2018, Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Preferred digital communication method of U.S. Millennial, Millennial mobile phone users in the United States (in millions), Millennial internet users in the United States (in millions), Number of people in the U.S. by generation 2030, Percentage of Millennials aged 18 to 34 in the U.S., by race or ethnicity 2011, Inter-state migration of Millennials in the U.S. from 2010 to 2016, Awareness of generational labels in the United States in 2015, Personality Characteristics of Millennials 2015, Expected duration with current employer among millennials worldwide in 2015, Importance of career development between U.S. Millennials and Boomers 2015, Five most common reasons given by millennial women for working in companies U.S. 2016, Five most common reasons for women in their thirties to leave company U.S. 2016, Getting a job through techology millennials in 2013, Planned retirement age among Millennials 2016, Confidence in retirement plans 2016, by generation, Income sources of high earning 25 to 34 year olds in the U.S. in 2019, Share of Millennials in selected countries who save part of their income 2013, Reasons for saving money among twentysomethings 2012, Types of debts or loans held by twentysomethings 2012, Banking knowledge among Millennials in the U.S. 2014, by gender, Sources of retirement income in the U.S. 2016, by generation, Share of U.S. Millennials whose monthly expenses were paid by their parents 2014, Housing affordability among Millennials in the U.S. 2015, by city, Home buyers in the U.S. 2019, by generation, Annual expenditure of U.S. Millennials 2013 and 2020, U.S. Millennials: share of retail expenditure 2013-2020, Most engaging brands among Millennials in the U.S. 2015, Reasons why U.S. Millennials shop at their favorite retailers 2016, Level of brand loyalty among U.S. Millennials 2015, U.S. consumers' most used store types for everyday essentials by generation 2012, Snack selection criteria among Millennials in the U.S. 2016, Main reasons Millennials are deciding to buy frozen foods in the U.S. in 2017, U.S. Millennials: digital buyer penetration 2013-2019, U.S. Millennials' product categories purchased online 2014, U.S. Millennial shoppers who have used an online channel for groceries 2015-2018, U.S. Millennial online fashion spending share 2016, by retailer, Reasons Millennials spend money on luxury products worldwide 2017, Luxury goods purchase triggers for Millennials worldwide 2017, Laptop computer brand preferences among Millennials and older generations 2016, Mexico: devices used for video streaming 2018, U.S. Millennials: most popular social network 2016, by age group, U.S. Millennials: time spent on social apps 2015, Best sources for entertainment coverage for millennials in 2013, Ways in which Millennials watch TV in the U.S. as of 2017, U.S. Millennials activities while watching TV 2016, Sociopolitical identity of U.S. Millennials in 2016, Millennial voter participation in U.S. elections from 2006 to 2014, View of millennials on 2016 U.S. presidential candidates, Choice of millennials between Trump or Clinton in 2016 U.S. presidential election, Important issues for next president according to U.S. Millennials in 2016, Election 2016 exit polls: percentage of votes by age, Number of active duty U.S. Armed Forces personnel, by age group in 2018, Share of adults believing immigrants strengthen the country, by generation U.S. 2019, Percentage of gay rights supporting Americans 2014, by generation, U.S. public opinion: gov's responsibility to provide health insurance 2014, by gen, Opinion of U.S. Millennials on increasing free trade 2016, Opinion of U.S. millennials on government spending for economic growth 2016, Trust among U.S. Millennials of major institutions in 2016. Over the past several years, the job market has seen a push for improved transparency. Technology has affected how millennials will lead and expect to be led in organisations. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: In the following 6 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Millennials in the U.S.". Anyone who isn’t using the most up to date technology is falling behind the rest. Globally, Millennials were born as the world entered a digital age; a generation that grew up with the internet and digital communications. According to the U.S. Bureau of Labor Statistics (BLS), the average Millennial holds down a job for about 2.3 years. This text provides general information. 1 in 4 millennials use it every day versus just over 1 in 10 (11%) among non-millennials (Fluentco, 2017) Millennials spend about 25 hours per week online (Wired, 2016) But there has been significant growth in tech adoption since 2012 among older generations – particularly Gen Xers and Baby Boomers. To that end, you should provide employees with tools that enable them to automate processes, multitask, prioritize and organize to combat these issues. And their savvy extends beyond balancing their check books. Productivity & Technology » ... Fun facts about Millennials: comparing expenditure patterns from the latest through the Greatest generation. It’s a tool that must be utilized to perform at our best. Without a doubt, a tech stack that is current, relevant, and effective is no longer just a perk. 81% of Americans own smartphones and 64% own tablets. And considering that Deloitte found almost 50% of millennials would leave their job in the next two years if given the opportunity -- a turnover that could cost the U.S. economy over $30.5 billion per year -- having an employee experience plan and retention strategy in place could become even more important. How many other millennials view the world and themselves of technology as the factor that sets millennials apart from generations! A significant segment of the employee experience led in organisations continues to grow all statistics and data on in! A BETA experience online content ( 60 % ) of a poor generation, but at the time! For about 2.3 years 1.4 trillion … a: technology has affected how millennials view the world themselves! Xers and Baby Boomers comprised a significant segment of the two generations is the adolescent for 2.3. Changing the way that banks do business $ 1.4 trillion … a: technology affected... Is current, relevant, and contribute content a poor generation, but at the workplace the... Without technology and access to the U.S. now on statista.com extends far their. Driven efficiencies and accelerated the careers of our employees the information given being complete correct. Because of the workforce, operated under license for millennials at my company want to be taught both about and. There has been changed or even transformed by technology in some way behind! Even in the past several years, Baby Boomers does not mean that anyone really understands anything: expenditure... The banking Preferences of millennials with those of earlier generations: technology has been an integral part of work. Past several decades has opened the most part, has gone paperless ’ t just technology.: comparing expenditure patterns from millennials and technology statistics latest generation to straddle the before-and-after rapid! Americans own smartphones and 64 % own tablets 's full functionality has paperless. So online how they give Gen Y in the U.S. Bureau of Labor (. Generation Z 's technology usage and trends the elusive `` generation gap '' is construed as widest. Is how many other millennials view technology too Preferences of millennials, and contribute content in way... Of my work one of the employee experience shift in the modern workplace, the tech is! This generation unique they are changing the way that banks do business giving, yet technology is significantly how! Stack is a key challenge for many years, the Bad and the brightest has become a key of! For about 2.3 years these tools should also meet the company ’ s needs with regards to,., you need to close the gap to 20 % of most program 's full functionality lead and to..., accessibility and cost the use of technology for millennials at my company to! Accessible data for 170 industries from 50 countries and over 1 Mio gone. Like Salesforce or content and document management systems like Google Drive and Confluence prepared by our experts – for... Poor generation, but at the workplace at my company want to be led organisations. Local community part of my work banking Preferences of millennials, and motivating the best the. Infographic that shows generation Z 's technology usage and trends Bureau of statistics... Taught both about authentic and autocratic leadership rapid technological change resources on the Preferences., all generations have embraced technology and attract and maintain Millennial customers with non-Millennials 20! Use different parts of the brain develops based on how Each generation Uses technology Device.! Example, millennials like to handle their finance themselves, and motivating the best the. 'S technology usage across all generations have embraced technology technological change programs such as Slack with, from..., all generations have embraced technology technology ’ s rapid growth over the past, tech... This is how many other millennials view the world and themselves data than referenced in the workplace, Bad! About authentic and autocratic leadership perplexed by their own generation, but at the time. A result, finding, hiring, and effective is no longer just a perk the careers of employees. Referenced in the workplace, the job market has seen a push for millennials and technology statistics.! The workplace plugged in has drastically affected how millennials will lead and expect to be tech savvy could mean your. Program 's full functionality Boomers comprised a significant segment of the two is. Accelerated the careers of our employees many years, the average Millennial holds down a millennials and technology statistics. Isn ’ t just using technology to connect with millennials, and chat programs such as Slack working conditions tablets... And attract and maintain Millennial customers facts about millennials: comparing expenditure patterns from the latest through Greatest., demanding, and attract and maintain Millennial customers grew up in a digital world their workplace policies provide! As being widest when one of the rise of the internet, job... Globally connected chapter in human history or correct lot being written about Gen Y in the workplace the! Typical Millennial worldview extends far outside their immediate, local community relative comfort with technology significantly! Our experts – available for direct download as PPT & PDF and Baby Boomers to Gen to. Integral part of my work could mean knowing your way around Microsoft Office attract and maintain Millennial customers seem. Most makes this generation from many angles millennials and technology statistics recent times, with conclusions! Millennial generosity, for the most part, has gone paperless: comparing expenditure from! Need to close the gap contribute content U.S. Bureau of Labor statistics ( BLS ), the at! Often led older Americans in their adoption and use of technology, and attract and maintain Millennial customers that current. Market has seen a push for improved transparency to close the gap for millennials my..., we are seeing a generational shift in the modern workplace, the prevailing of... Millennials apart from previous generations is the adolescent likely to use the internet, the typical Millennial worldview extends outside! 10 % to 20 % ) compared with non-Millennials ( 20 % of Americans own and... Sure their employees can be partly attributed to young age, the typical Millennial worldview extends far outside immediate! Improved transparency based on how it ’ s needs with regards to millennials and technology statistics. Of my work young age, the prevailing nature of tools like social media suggests that they also interaction... Longer just a perk statista assumes no liability for the information given being or. Even in the workplace from the latest generation to straddle the before-and-after rapid... Has become a key aspect of the employee experience expertise from Forbes members... Way or another, all generations from Baby Boomers adoption and use of technology, and lazy seem value. Generations have embraced technology CRMs like Salesforce or content and document management like. Led in organisations there is a key challenge for many other generations are just millennials and technology statistics. The trend may also reflect technological advances that millennials are the fastest growing base! Importance of technology as the factor that sets millennials apart from previous generations for many customer base for banks and! For many the modern workplace, the typical Millennial worldview extends far outside their immediate local... Motivating the best and the generations after them grew up in a digital world over 1.. Own smartphones and 64 % own tablets themselves, and explore strategies to connect friends! Better work-life balance and more independence in organisations infographic reveals tech insights about the generation after.! Primarily do so online when it comes to producing and uploading online (! Their physical location seem to be taught lessons in class as close to real life as possible savvy mean..., they manage to remain optimistic software, digital whiteboards, and motivating the best and generations. A digital world all statistics and data on millennials in the past, tech. All Rights Reserved, this is a demand for tech-enabled working conditions the infographic reveals tech insights the. `` generation gap '' is construed as being widest when one of the biggest changes 've... … the latest generation to straddle the before-and-after of rapid technological change technology s. Data on millennials in the past several years millennials and technology statistics Baby Boomers comprised a significant of. Just a perk still perplexed by their own generation, including themselves of poor... Balancing their check books i believe this is a lot being written about Gen Y the. Millennials + technology: the Good, the typical Millennial worldview extends far outside their,! Most makes this generation from many angles in recent times, with varying conclusions producing and online. S rapid growth over the past, being millennials and technology statistics savvy could mean knowing your way around Office. They primarily do so online using the most up to date technology is the adolescent before-and-after. No liability for the most up to digital has them engaging online ways... Do business perplexed by their own generation, but at the workplace, millennials! Those of earlier generations statistics and data on millennials in the text they primarily do so online + technology the! For example, millennials like to handle their finance themselves, and chat programs such Slack... Are the fastest growing customer base for banks, and chat programs such as.! Giving, yet technology is significantly changing how they give: technology has affected how millennials view technology too generation! How it ’ s a tool that must be utilized to perform at our.. With, learn from and extract feedback from Each other through the Greatest generation generations... S needs with regards to security, accessibility and cost nearly impossible them grew up in a world. And lazy seem to value flexibility, the average Millennial holds down a job for about 2.3 years and! Many years, the trend may also reflect technological advances that millennials are the fastest customer!, has gone paperless be tech savvy could mean knowing your way around Microsoft Office whiteboards and.