Millennial Employees in Multinational Corporations. Opportunities and Challenges of Generation Y in the Workforce

Seminar Paper , 2019 , 27 Pages , Grade: 1.3

Leadership and Human Resources - Generation Y, Generation Z

This seminar paper aims to answer the question of how Millennial employees will impact multinational corporations and which challenges and opportunities arise from integrating this generation into workforce. In order to do so, this paper examines current literature on Generation Y and generational differences in work values. It then points out current issues in Human Resource Management in multinational corporations. Combining these two topics helps to examine how Generation Y is observed from a scholarly as well as practically point of view.

The discussion part shows that generational differences as well as work values and attitudes of Generation Y employees differ from previous generations and that multinational corporations have to establish strategies in order to attract and retain Millennial employees. Main challenges arise from miscommunication and the level of technology-adeptness between generations. Opportunities from employing Millennials include their openness towards diversity and their willingness to work in global work environments. Future research suggestions are given for scholars as well as practitioners.

Inhaltsverzeichnis (Table of Contents)

• List of Abbreviations
• Abstract
• 1. Introduction
• 2. Literature Review
• 2.1. Characteristics of Millennial Employees
• 2.1.1. Differences between the Baby Boomers, Generation X, and Millennials
• 2.1.2. Work Values of Generation Y Compared to Previous Generations
• 2.2. Human Resource Management in Multinational Corporations
• 2.2.1. Trends in Global Human Research Management
• 2.2.2. Diversity in Multinational Teams and MNCs
• 2.3. Millennial Employees in MNC
• 2.3.1. Work Values of Millennial Employees in MNCs
• 2.3.2. Diversity and Generational Differences in MNCs
• 2.3.3. Impacts of Digitalization for the Workforce in MNCs
• 3. Discussion
• 3.1. Theoretical Implications
• 3.2. Managerial Implications
• 3.3. Limitations and Future Research Suggestions
• 4. Conclusion
• Bibliography

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This seminar paper aims to understand the impact of Millennial employees on multinational corporations and identify the challenges and opportunities that arise from integrating this generation into the workforce. It explores current literature on Generation Y, generational differences in work values, and the adaptation of Human Resource Management practices to accommodate this new generation.

• Generational differences in work values and attitudes
• Human Resource Management strategies in multinational corporations
• Opportunities and challenges of integrating Millennials into the workforce
• Impact of digitalization on the workforce in multinational corporations
• Diversity and generational differences in multinational teams

Zusammenfassung der Kapitel (Chapter Summaries)

The paper begins with an introduction outlining the significance of understanding the millennial workforce and their impact on the business landscape. Chapter 2 presents a literature review focusing on the characteristics of Millennial employees, including generational differences in work values and their comparison to previous generations. This chapter also examines trends in global Human Resource Management and its adaptation to diversity in multinational teams. The chapter further explores the specific work values, diversity considerations, and the impact of digitalization on the workforce in the context of multinational corporations. Chapter 3 delves into the theoretical and managerial implications of the findings, offering practical insights for businesses. It also acknowledges limitations of the study and suggests potential avenues for future research.

Schlüsselwörter (Keywords)

This paper focuses on key concepts such as Millennial employees, generational differences, work values, Human Resource Management, multinational corporations, diversity, digitalization, global talent management, and the impact of these factors on the workplace.

• College: University of Tubingen (Wirtschaftswissenschaften)
• Course: Master Seminar Int. Business
• Grade: 1.3
• Author: Elena Thole (Author)
• Publication Year: 2019
• Pages: 27
• Catalog Number: V912955
• ISBN (eBook): 9783346234964
• ISBN (Book): 9783346234971
• Language: English
• Tags: millennials, generational differences, MNCs, Generation Y, international work groups