The Millennial Employee

Abstract

Millennial employees (born between 1977 and 1994) will make up 75% of the world’s workforce by 2025. As these young employees begin to saturate the employment market, it is important to understand their preferences and motivational factors so that they can be attracted, maintained and motivated within organisations. Current literature suggests that Millennial employees have high levels of turnover in organisations, and specifically high levels of turnover within the law and finance sectors. Therefore, it is necessary to develop strategies to retain and motivate the current influx of Millennial employees into the workforce, and within the law and finance sectors.