Articles for June 2007 Managing 'Millennials' - About 1.5 million students will be graduating from colleges across the nation this year. Are your clients ready to meet the needs of the millennial generation?
About 1.5 million students will be graduating from colleges across the nation this year. Are your clients ready to meet the needs of the millennial generation? The millennial generation, individuals born between 1978 and 1990, grew up during the recent technology boom and has never known a world without the Internet. The role of technology in their daily lives has affected their view of the workplace. As a result, they bring new challenges and opportunities to their employers. Millennials have high expectations of themselves and their employers. According to Bruce Tulgan of management training firm RainmakerThinking, millennials question the status quo because they want to use technology to create better, faster, and more efficient solutions—the way it has throughout their lives so far. Millennials expect to feel valued by their employers and constantly challenged, Tulgan adds. He suggests that "companies will have to re-examine their training programs and management styles to meet the needs of this generation." Where previous generations were comfortable starting at the bottom and working their way up the corporate ladder, millennials may ask about career paths and growth opportunities during the first interview with an employer. Employees from the millennial generation demand a lot of information and support their employers. They have the potential to be highly productive because they are accustomed to quickly adapting to new technology and new uses for existing technology. To connect with this new population of prospective employees, employers should consider the needs of the millennial generation. Source: Catherine Villareale, American Staffing Association - Back to Top -
President Signs Minimum Wage Increase into Law Shortly before adjourning for the Memorial Day recess, the U.S. Senate and House of Representatives passed the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. As part of a compromise between the president and congressional leaders, the legislation also included a minimum wage increase, along with $4.8 billion in small business tax provisions. President Bush signed the legislation into law May 25. The combination of a minimum wage increase and small business tax provisions had been in the works since the beginning of the year. While the House originally passed a minimum wage bill with no small business tax provisions, the Senate's minimum wage bill contained $8 billion in tax provisions. After months of negotiations, the House and the Senate agreed on a final tax package worth $4.8 billion. Among other items, the new law calls for the first increase to the federal minimum wage in almost 10 years. The federal minimum wage will become $5.85 an hour 60 days after the law's enactment, or July 24, 2007. The minimum wage increases to $6.55 an hour 12 months after the first increase, or July 24, 2008. The final federal minimum wage increase takes effect 24 months after the first increase, or July 24, 2009. From that date forward, unless changed by Congress, the federal minimum wage will be $7.25 an hour. Source: Toby Malara, American Staffing Association - Back to Top -
Immigration Bill Regains Momentum Less than a week after a Senate compromise on immigration appeared dead, key Republican and Democratic senators are making significant progress on a deal that would bring the Senate immigration compromise back to the floor, paving the way for a final vote in the near future. Early reports indicate that Senate leaders will take the compromise language, including the amendments that were passed during debate, and introduce it as a new bill. The new bill will include $4 billion to be spent on border security and workplace enforcement. The deal would also include a package of 11 amendments from Republicans and another 11 from Democrats. It appears likely that the final deal will include a proposal by Sen. Kay Bailey Hutchison (R-TX) that would require all illegal immigrant heads of household to return to their countries of origin before obtaining legal status. An agreement on amendments to be offered and the funding mechanism is seen as crucial for gaining enough Republican support to move the bill forward. Senate Majority Leader Harry Reid (D-NV) has said he would revive the measure if at least 20 more Republicans commit to moving ahead with the bill. Only seven Republican senators supported a Democratic bid to limit debate last week, which eventually brought about the demise of the original compromise. If a deal is reached in the near future, it is expected that debate will begin next week, with a final vote before the Senate adjourns for the July 4 recess. Source: Toby Malara, American Staffing Associatio 
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