A generation can be defined as being a group of individuals, most of whom are around the same age, have comparable ideas, problems, and attitudes. The Millennial Generation today is comprised of roughly 100 million people mostly in their teens and 20s. They’ve been referred to as “Generation Y,” “The Me Me Me Generation,” to “Generation Nice.” It has also been called the “Peter Pan” or “Boomerang Generation” because of the tendency of some to move back in with their parents, perhaps due to economic constraints, and a growing tendency to delay some of the typical adulthood rites of passage like marriage or starting a career. Millennials have been characterized in a number of different ways. On the negative side, they've been described as lazy, narcissistic and prone to jump from job to job. They have also been described in positive ways. They are generally considered as being more open-minded, and more supportive of gay rights and equal rights for minorities. Millennials have been described in many different ways, including: ambitious, tech savvy, and family-oriented.
Generation Y are known as being very confident and ambitious. Expectations typically need to be managed as Generation Y’s are confident enough to take on important roles within organizations as soon as they begin. Since much of Gen Y has been persuaded, first by overprotective parents, then by grade inflation and the unrealistic promises from universities that their high expectations would eventually translate into actual achievements; it should come as no surprise that millennials are less interested in working hard to achieve them. With young entrepreneurs like Mark Zuckerberg, the millennials believe there’s no limit to what they can achieve. Unsurprisingly, they found that Millennials are also more likely to view technology in a positive light. As an organization, the difficulty is managing these expectations without stifling ingenuity and progress. In a survey by Time, 40%