According to SAP, a German multinational software corporation, employers, specifically the UAE’s must gauge fairly the potential of the ‘millennials’ generation. Millennials, aged 18 to 35 years, will make up 75% of the total workforce in the world by 2025.
Millennials, impacting the UAE’s workforce strategy
Bill McDermott, CEO of SAP, who had recently written and published his memoirs titled ‘Winners Dream’ is visiting the UAE. In this publication, McDermott chronicles amongst many things how optimism, hard work, and disciplined execution embolden people, and equip organisations so as to help them achieve top objectives.
With the UAE aiming to build a knowledge-based economy in line with that of its Vision 2021, training the next-generation workforce is assumed to take a greater significance.
McDermott told students recently at the American University in Dubai (AUD) that as the first generation born into the mobile, tablets, etc. devices era, ‘millennials’ have enormous potential to transform companies and markets, and make generally a huge positive impact on business and society.
In the UAE, about 54% of executives said that ‘millennials’ entering the workforce is a trend impacting the workforce strategy, according to the recent “Workforce 2020” report by Oxford Economics and SAP.
However, only 28% of executives give special attention to their wants and needs, with ‘millennials’ bringing highly-valued skills in cloud, mobile analytics, and social media.
“It’s easy to forget that the millennial generation was the first ever born into the mobile device,” said McDermott adding: “The up and coming workforce expects the same experience in their professional lives during the week that they enjoy as consumers during the weekend”.
McDermott urged AUD students to benefit from opportunities available to them, and develop skills-sets to lead in the new era of the networked economy.
“When I think about this generation in the UAE, they’re fearless and ready to support innovation in every form. I believe the time is now to push them into big challenges and empower them. This is why SAP has amazing partnerships with universities across the UAE and beyond. When they’re ready to lead, we want them to thrive with our platform and our applications,” said McDermott.
Dr Alaa Ashmawy, dean of the School of Engineering, AUD, said: “In an increasingly competitive global job market, hands-on experience and critical thinking in the areas of science and engineering are sought-after skills.”
“We have the great privilege of partnering with SAP to bring tools and innovation to our students and expose them to real life scenarios through global knowledge exchange and taking the educational experience to the next level.”