As the saying goes, 'the world is for the young.' Millennials (1980 - 1994) are the largest generation to enter the workforce and are estimated to make up 75 percent by 2025.

That is a lot of influence in future markets, which is why Morden and District Chamber of Commerce invited RBC HR Business Partner Laurie Cox, to discuss to their members about Millennials in the workplace.

Cox says, Millennials often perceive themselves differently than Baby Boomers (1943- 1964) and Generation X (1965-1979).

"This is a generation that has faced a lot of stereotypes and misrepresentation. One of the key ones is loyalty to employers, that's a big piece. When we took a look at the survey in which HR professionals say one percent are loyal, Millennials are like no, 82 percent."

Cox says, this discrepancy in loyalty means organizations should be aware of what Millennials are looking for in a workplace. This includes whether the company shares their values, gives them purpose, has diversity in their roles, and what a future with that organization hold.

Understanding another's perspective and values can help reduce the chances of miscommunication. Each generation has its own generational biases, and taking a critical look at those generational gaps can create new opportunities in the workplace.

The presentation focused on that critical look at Millennials and gave business owners the knowledge to attract and retain Millennial employees.

Cox says the recruitment process is an important first impression for employers and future employees.

"During the recruitment, the interview has shifted, and they're interviewing you just as much you're interviewing them. They want to know about your company, [because] they're investing a lot of time in their day."

Cox adds they want to be part of a collaborative work environment and want to be part of the bigger picture, not just another means of revenue for the company.

Though the conversation is currently in regards to Millennials, it won't be long before business owners have to start thinking about the IGen, or Generation Z (1995-2009). Cox says, the next generation coming into the workforce is excellent at branding themselves, have an entrepreneurial spirit, and as consumers, are looking for authenticity.