As the end of the year comes to a close, industry leaders are already preparing for what's next and refining their 2016 strategies to stay on top of the market. With baby boomers retiring and millennials being the most studied generation to date, market leaders can gain insight from the next generation, Generation Z.
Whether you like it or not, millennials are the largest generation in the Canadian workforce. Simply put, we are the future of your business. So why not skip the nasty nicknames and let's figure out how we can all work together to help your company continue on -- and maybe even grow -- after you've retired.
If you want to know where to find millennials on social media, it is without doubt on Instagram. As a generation, millennials have a longing to share their experiences whether big or trivial. Instagram allows them with a platform to do so by posting and sharing photos. It's quick, it's easy, and for many it seems to have become a hobby.
The financial crisis that peaked in 2008 has created a rippling economic effect across capital markets to date. A shift that has since been informally characterized as an ethos of maximizing utility of personal assets through peer-to-peer digital marketplaces, the common moniker being collaborative consumption or the sharing economy.
Technology is not a nice-to-have for the millennial generation; it's a deal breaker. And considering that by 2030 75 per cent of the workforce will be millennials, it's something to take seriously. Millennials' technology expectations, coupled by their social media, mobile computing and app usage, are spreading into the workplace.
Warnings of a housing correction are not new, but the frequency has increased. A couple of southwestern Ontario markets (most notably Toronto) and the Vancouver metro area are pricing out first-time buyers. In other major centres across Canada, the flatness or slowing of house price appreciation has dissuaded potential buyers from jumping in.
Money isn't about numbers. It is about people, and values, and goals. The centre of a bank or for anyone coaching people to be better with their money should reflect that. It should be like a Home Depot for finances -- we can show you and cheer you on to do it yourself or be here for the hard stuff and take your hand when you need it
For those who came of age with a smartphone, the revolutionary impact of social media meant that you didn't just see yourself through the eyes of your peers. You could curate your own narrative. This has caused a quiver of psychologists to point out the detrimental effects of creating your identity online.