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

Seminar paper from the year 2019 in the subject Leadership and Human Resources - Generation Y, Generation Z, grade: 1.3, University of Tubingen (Wirtschaftswissenschaften), course: Master Seminar Int. Business, language: English, abstract: 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.