Millennials: The future of the tech industry? | ALC Training News

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Project management is as much about people as it is about processes. With the rise of agile management, people are becoming a business' most valuable asset.

So what will the workforce look like in two decades? 

A recent survey conducted by PricewaterhouseCoopers (PwC), called 'Managing tomorrow's people – the future of work 2020', found that by 2020 millennials will form over 50 per cent of the workforce.

Do millennials even matter? 

Millennials, born between 1980 and 2000, are flooding the labour market. According to the research, millennial workers currently make up 25 per cent of the workforce in the US, which is a quite a large segment.

To put this in a global perspective, over half of India's 1.2 billion people are considered millennials. 

Attracting the young stars of this generation will be critical to any successful business strategy.

What makes them different?

As each generation has different ambitions, desires and inspirations it is important to keep a track of generational patterns.

What sets them apart is their near natural affinity for technology. Millennials are one of the first groups to grow up surrounded by tech such as broadband, laptops and social media.

Courses like IT security training and ITIL certification are filled with tech-hungry millennials. They will be one of the only generations to enter the labour market with more knowledge of key business technology than senior workers. 

Is it millennials or my business that needs to change?

In an except from Manager 3.0, published in Training magazine, author Brad Karsh points out that millennials see rigid and vertical management structures as a hindrance rather than an advantage. 

According to Mr Karsh, millennials who find themselves in leadership positions will tend to rewrite archaic management strategies, moving towards a people-centric and collaborative platform. 

To attract the stand out performers of this generation, companies need to update their traditional management structures and find new ways to style their corporate culture.  

Keeping your thumb on the pulse of management solutions is easy, contact an experienced course provider for more information.