It’s Time to Discuss Generational Change:
Millennials’ Impact on The Social Sector
Millennials and The Workplace: A Changing Landscape
There is a lot of talk these days about the Millennials; a highly informed, educated and tech-savy generation with birth years ranging from the early 1980s to the early 2000’s. Unlike any prior generation, the Millennials are seeking career paths that seamlessly blend their work, the things they stand for and the causes they believe in within the context of the workplace. This is particularly relevant in that the Millennials will make up half of the U.S. workforce by 2020.
Based on this emergent reality, employers are coming to understand that the recruitment and retention of high caliber talent requires the development and implementation of intentional and planful strategies that further and foster: (1) company-wide days of volunteering, (2) departmental/team service projects and (3) allows individuals to use their professional skills to benefit a cause. For further details see: The Millennial Impact
Millennial Nonprofit Practitioners
The nonprofit community is in the process of actively discussing generational leadership change and succession planning as an integral part of their sustainability initiatives. This is an explicit recognition of not only of the need for leadership development but also creating opportunities to integrate Millennials into visioning and planning processes. One leading group in this effort is the Young Nonprofit Professionals Network whose mission is: activating emerging leaders to advance a diverse and powerful social sector.
Millennials and Giving
Millennials give. In fact 83% of them made some form of financial contribution in 2012. However, this is muted by the fact that this group sees their contribution to giving in a much more holistic way. As pointed out by The Case Foundation, Millennials define their philanthropic giving in terms of:
Time: Volunteering hours, days of service, etc.
Talent: Using one’s expertise to benefit a cause.
Treasure: Financial contributions donated for charitable work.
Voice: Time spent advocating and educating others about the cause.
Network: Leveraging personal and professional relationships to benefit a cause.
Time to Embrace The Millennials!
The time to embrace and cultivate the Millennials role in the social sector is upon us. The extent to which we do so in an intentional and impactful way will in part determine the success of the sector moving forward.
As always… knowledge, innovation, impact!
John Patrick Bailey, Ph.D.