A Gen X Perspective of the Working Millennial

Today's post comes from Dan Coates, President of Ypulse. As President of a youth market research company and father of two Millennials, Dan has plenty of experience with this generation. Below, he gives his perspective on what Millennials are really like to work with and gives them some advice to help guide their way.

MILLENNIALS IN THE WORKPLACE

No matter what generation you belong to, you'll never forget your first job.  That time when there is nothing but potential and possibilities.  You're young, energetic, determined and the simple fact is that, at this early juncture, hopes outnumber disappointments.  Freshly minted.  Bright eyed.

While we X'ers and Boomers like to tease, the fact of the matter is that we're all jealous as hell.  While experience is merely a by-product of age, youth is fleeting and those of us that let it slip away unnoticed realize that we're never getting it back. Less than a quarter of our organization is comprised of non-Millennials. 

We X'ers would love to tell you how awful it was when we entered the workplace, but it's hard not to see that, following the great recession, you Millennials have been dealt a pretty dirty hand.  Try to think of this as more of a temporary setback than a defining moment. 

While I'd strongly recommend Lindsay Pollack's book, Getting from College to Career as great advice on how to get your first job and Neil Howe and Reena Nadler's Millennials in the Workplace as a primer for where your generation fits in, here's some inter-generational advice as to what to consider once you've gotten in the door:

1. It's Not About You:  I know, I know.  You're really focused on you right now.  Totally understandable.  You've spent years learning and studying.  You want to flex those muscles.  You have student…

 
 
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Millennial News Feed

Quote of the Day: “Quite frankly there are guys clothes I like sometimes but I never could wear. I mean, I'm not a cross dresser! But if they had something in my size and shape, totally. I would buy it.” –Female, 14, OH

Three singles from Ariana Grande’s sophomore album My Everything have already infiltrated the top 10 on iTunes before its release, but she is going beyond online hype for a triple marketing threat. The 21-year-old will appear with Jessie J and Nicki Minaj in a 2-part commercial that tells the story of a night out and its aftermath using clips from their music video collaboration. The commercials, branded with Beats and Target, will air during the MTV VMAs where Grande will also perform live, all one day before the album drops. (WSJ)

SoundCloud is going the way of Spotify by introducing a tiered subscription service that will also bring advertising (read: revenue) to the platform. The first Partner tier offers helpful feedback and basic statistic tools and will be free for the 10 million plus creators heard on SoundCloud each year. This announcement comes months after new streaming services like Beats Music flooded the market, and its latecomer status may prove helpful for Millennial listeners who are already accustomed to in-app ads or paying to opt out. (TechCrunch)

First pizza becomes a one-button business, and now video editing is being democratized for the masses with new app Fly that “makes big-time, Cannes-ready cutting room floor techniques as simple and intuitive as a flick of the finger.” The one-touch, video editing app makes simple edits like cuts and transitions, but also allows users to put videos side-by-side and stitch together different cameras to capture multiple viewpoints of an event. (Netted)

Millennials have been experiencing a disconnect with “luxury,”and Louis Vuitton has been seeing declining sales across Asia despite its prominence and ubiquity with global consumers. To hold onto its market, LVMH is diversifying into entertainment, specifically into K-pop. The company has bought millions of shares in South Korea’s YG Entertainment, one of the major players in K-pop’s explosion and the same enterprise that represents the genre’s hottest stars and fashion icons: Psy and G-Dragon. (Quartz)

Approximately $458 million was spent last year investing in wearable tech, but as product offerings become more diverse across patches, watches, and clothes, they’re losing a focused purpose and the attention of the general Millennial buyer. In a study from textbook service Chegg, out of 1,000 college students, 67% had not even heard of the term “wearables,” and of the 18% who do own a wearable device, the majority had bought inexpensive activity trackers. (PandoDaily)

Quote of the Day: "An athletic hoodie never goes out of style according to me. It's easy, can get dirty, and you'll show a bit of school pride. Besides, no one expects you to look top dollar every day in graduate school.” –Male, 27, MD

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