It’s predicted that by 2020 the global workforce would be dominated by millennials (35%) and generation X (35%), with baby boomers only making up 6%. The other is … Find out more about how we use your information in our Privacy Policy and Cookie Policy. More on the shifting demographics from PwC. Millennials matter because they are not only different from those that have gone before, they are also more numerous than any since the soon-to-retire Baby Boomer generation –millennials already form 25% of the workforce in the US and account for over half of the population in India. Millennials matter because they are not only different from those that have gone before, they are also more numerous than any since the soon-to-retire Baby Boomer generation –millennials already form 25% of the workforce in the US and account for over half of the population in India. You can change your choices at any time by visiting Your Privacy Controls. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Conversely, Baby Boomers and Generation X workers will still form a significant part of the workforce, particularly in parts of the world where birth rates have been lower. According to Park Communications, experts predict that by 2020, millennials will make up 35% of the global workforce with Gen Z making up 24%. By 2020, millennials will form 50% of the global workforce. Millennials matter because they are not only different from those that have gone before, they are also more numerous than any since the soon-to-retire Baby Boomer generation – millennials already form 25% of the workforce in the US and account for over half of the population in India. Post was not sent - check your email addresses! By 2020, millennials will form 50% of the global workforce. With this new generation that was raised on mobile devices and social networks, entrepreneurs and business owners are recognizing traditional management and communication methods of the past are no longer working on this new breed of employee. For business owners navigating this gap in the workplace, recruiting talent is one challenge. UK: 20% of shops will never be re-occupied, Populist goverment quickly becomes authoritarian and unstable, The Monocle 2021 Forecast intro represents a healthy dose of reality, Congress Report on Digital Competition [Facebook, Amazon, Apple, Google]. Africa is the only continent where Millennials will be over 50% of the population in 2020. Tracking the consumer evolution of financial services. By 2020, millennials will form 50 percent of the global workforce. However, in the following years, the global trend applies as the next generation enters the workforce. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Sorry, your blog cannot share posts by email. Impact of Workforce Demographics Research suggests that by 2020, Millennials will form 50% of the global workforce. That equates to more than half the entire workforce … HuffPost is part of Verizon Media. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. By 2020, millennials will form 50% of the global workforce.

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