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Millennials to dominate global workforce by 2025

New Straits Times logo New Straits Times 7/2/2019 Bernama
a group of people standing in front of a crowd posing for the camera: (file pix) Seventy-five per cent of the global workforce will comprise millennials by 2025, while more than half of today’s jobs will become obsolete with advancements in technology and automation.NSTP/ SYARAFIQ ABD SAMAD © Provided by Media Prima (file pix) Seventy-five per cent of the global workforce will comprise millennials by 2025, while more than half of today’s jobs will become obsolete with advancements in technology and automation.NSTP/ SYARAFIQ ABD SAMAD

KUALA LUMPUR: Seventy-five per cent of the global workforce will comprise millennials by 2025, while more than half of today’s jobs will become obsolete with advancements in technology and automation.

Qi Group of companies executive chairman Datuk Seri Vijay Eswaran, said most millennials do not want a 9am to 5pm existence.

“They want to be in charge of their own lives and want to experience things, travel and explore, and be able to earn an income in between those experiences,” he said at the recent World Economic Forum in Davos, Switzerland.

Vijay noted that this category (the millennials) fit brilliantly into the gig economy, which refers to a free market system, creating temporary positions for independent workers for short-term.

“If you’ve noticed, when we were growing up, buying a house or a car was the big dream. Those goals are not of much value to this group of people.

“With this changing demographic, the future of work has changed. Many millennials are no longer interested in or sold on the concept of secure, permanent employment,” he added.

The term millennials is usually considered to apply to individuals who reached adulthood around the turn of the 21st century. – Bernama

© New Straits Times Press (M) Bhd

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