How This Millennial Became A Credit Union President At 27
Millennials will represent 75% of the American workforce by 2025. This statistic is commonly used, but there isn’t much thought put into the implications of that number. The reality of this number will fundamentally change businesses, as it is unprecedented for one single generation to comprise such a majority of the workforce. This number is significant when compared to the 63.3% of executives eligible for retirement within the next few years. That number breaks down to roughly 10,000 people retiring every day. As baby boomers retire, younger employees have the opportunity to step into vacant roles. Millennials are currently leading the way in getting promoted, as one study found 87% of millennials have taken on management roles in recent years. This is compared to 38% of those in Generation X and 19% of Baby Boomers. Jared Freeman became the youngest president ever at ASECU last year. (Credit: Trey Taulbee/University of Mobile) What can millennials do to prep...