Millennials likely to comprise 70% of local workforce

A management consultant said millennials are on track to comprise about 70 percent of the local workforce. As such, Filipino companies need to adapt to the millennial workforce and discard stereotypes, said Boris Joaquin, president of Breakthrough Leadership Management Consultancy. Joaquin added that Filipino companies can learn from multinational and business process outsourcing companies that allow millennials flexible work schedules and the opportunity to work from home. He added that millennials are more purposeful compared to baby boomers and Generation X, who are more compliant. Once millennials feel that they belong in a company, loyalty follows, Joaquin said.