For Auto Industry, Attracting and Retaining Millennial Talent Requires Changing Company Culture

NOTE:  This article originated in the MICHauto Mobility Report newsletter and is replicated here for our audience. Links will forward to MICHauto content.

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michauto-eventThe millennial generation is the fastest-rising workforce and will comprise 75 percent of the global workforce by 2025, according to PwC. In order for Michigan’s automotive and mobility industry to reap the talent it needs to maintain its leadership in connected and autonomous vehicle development, changing “the company culture” to appeal to millennials is not only necessary, it is essential.

“What we’re seeing, regardless of industry, are three megatrends impacting businesses: the rise of the millennial workforce, the rise of the flexible and freelance workforce, and the explosion of mobile and digital technology,” Mendoza said. “To stay ahead of the game, you have to adapt to these trends quickly and strategically.”

That was a key message Marvin Mendoza, director of talent innovation at PwC, delivered to more than 150 automotive industry leaders and stakeholders at the sixth MICHauto Annual Meeting. Read highlights from the event here.

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About MTAM

MTAM is a non-profit trade association for Michigan’s mobile / wireless (connected) technologies industry and businesses in all industries utilizing those technologies. We are the first state-based mobile/wireless industry trade association in the U.S., and our mission is: • to facilitate conversation/collaboration between varied sectors of the mobile/wireless eco-system; serve as the bridge to enable diverse organizations to understand each other’s perspectives and needs in order to drive new innovation and opportunities involving these technologies; • to increase the use of, and demand for, Michigan-based mobile/wireless technology products and services in-state, nationally and globally; • to increase the productivity and profitability of every industry vertical in Michigan via the use of these technologies; • to create sustainable jobs and increased entrepreneurial opportunities in the state based on the use of these technologies, thereby achieving substantial growth of Michigan’s economy; • and to help the communities we serve via the use of these technologies. We are also the statewide producer of Mobile Monday Michigan – a mobile / wireless industry networking and education organization which is a branch of the international Mobile Monday organization based in Finland. Here in Michigan we currently have 4 chapters (Detroit, Ann Arbor, Lansing and Grand Rapids) with over 3000+ members statewide.
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