Generation Y in the Workplace
Generation Y, known as the Millennial, the age range varies. Literature defines the beginning of Generation Y as early as 1977 and as late as 1981 and ending as early as 1994 and as late as 2002 ( Erickson, 2008). According to Erickson (2008), the population of Generation Y is currently estimated between 80 million individuals, depending on the boundaries. Comprised of more individuals of Hispanic origin than any previous generation and more individuals of African American origin than previous generations except for Generation X, Generation Y is the most racially diverse generation in American history (BSG Concours 2007). Currently, of 18 to 28-year-olds, 15 percent are African American, 4 percent Asian, and 17 percent Hispanic (Erickson 2008).
Arguably Generation Y is the most educated to date, the pursue of college and advanced degrees at a higher rate than previous generations. For the first time in history, women graduate from college at a higher rate than men, and college attendance for many minority groups has reached historic levels (NCES 2007). However, not all Millennial graduate from high school; the United State’s high school graduation rate is still less than any other countries. The current economic downturn also affected the educated population as unemployment rate for degree holders may reach at all time high. In November 2008, the unemployment rate for this population reached 3.1 percent; the highest since 2003 (Shin 2009).
Every generation experiences events that shape their perspectives. Generation Y witnessed a number of attacks by domestic and foreign terrorists, including the Oklahoma City bombing and the events of September 11, 2001. Also experienced violent attacks in a school setting. For example, the Columbine High School shootings of 1999 took place during the younger years. Not only thee terrorist attacks and shooting, Generation Y experienced natural disasters such as Hurricane...