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Saturday, January 9, 2016

MILLENNIAL TAKEOVER

Millennials Now Largest Segment of Workforce

2015 was a big year for Millennials as it marked the tipping point where Generation-Y became the largest segment of the workforce. This milestone certainly puts the onus on employers to consider modifying their work environments and policies to attract and retain this demographic, but should also serve as a wake-up call to home builders that Millennials will soon be the dominate force in the home buying market (more so than they already are) with the purchasing power that goes along with full-time employment. Articles on the Millennial Labor Force make mention of how the constant digital connectivity of this group and desire for flexible work hours results in more work taking place outside of the office, which suggests house designs should be programmed with a variety of settings where out-of-office work can occur.