Do Millennials goof off too much on the job?
A lot of employers in the Lone Star State are unhappy with new U.S. Department of Labor regulations that will require businesses to pay overtime to salaried employees who earn $47,476 a year or less if they work past 40-hours in a given week. It turns out that much of the unhappiness is tied to employees — specifically, Millennials — who spend hours engaged in all kinds of activities that have nothing to do with their jobs, even though they are being paid to work.
The Dallas Federal Reserve, which recently released its monthly outlook survey for manufacturing in the state, included anecdotes directly related to the issue.
A Bloomberg article, which cited George Pearkes, macro strategist, Bespoke Investment Group, as its source, offered several quotes from employers including the following: “We have a serious productivity problem with office workers and estimated that less than 50 percent of their time is spent on value-creating business activities. The younger workers are often off task, engaged on social media, on the internet, texting on phones and other unproductive activities.”
- Business Is Bad? Blame the Millennials – Bloomberg
- Dallas Fed Heads South – Bespoke Investment Group (email reg. required)
- George Pearkes/Macro Strategist, Bespoke Investment Group – Twitter
- Are new overtime rules a ‘career killer’ for retail workers? – RetailWir
DISCUSSION QUESTIONS: Do you agree with the observation that Millennials spend less than 50 percent of their time on the job engaged in activities that create no value for their employers? If yes, is this the fault of the employees or employers? What must employers do to increase worker productivity without engaging in micromanagement and other onerous practices?