Millennials took over social media, television, but now…work? Millennials will account for over 50% of the workforce by 2020. This is not something to ignore when making business plans. Performing business as usual will not cut it anymore. It is time to make adjustments to account for The Millennial Movement.
Here are 6 ways your business can attract Millennials and keep them happy. You’ll see that it’s much easier than you think! In fact, we think you’ll be happier at work, too.
1. Embrace Technology
Growing up in the technological age, efficiency is key with Millennials. “There’s an app for that” is the slogan. Therefore, they believe that all issues can be fixed or minimized with the use of technology. Outdated, manual processes will be met with the side eye. Take advantage of technology because it will help them get more done for you. You can start by adopting a BYOD policy to unlock mobility for your employees.
2. Encourage training and development opportunities
With career growth on the mind, this generation doesn’t want to clock in at 9am and leave at 5pm doing the same routine, mundane tasks. Millennials in the workplace are always looking for ways to develop professionally. They look for leadership classes, stretch projects, and networking opportunities. Support their career development by bringing in guest speakers, holding interdepartmental happy hours, or giving employees a project outside daily responsibilities.
3. Cultivate a collaborative environment
No longer is it okay to be working on a project and have to email the other project owners back and forth with huge email chains, waiting hours and possibly days for a response. Millennials want immediate feedback. Invest in a quality chat tool or collaboration software that allows your employees to work together more efficiently. Millennials often come up with their best ideas when collaborating with others.
4. Prioritize work/life balance
Millennials do not want to spend 10 hours a day in a cubicle. 95% say that work/life balance is extremely important, but a passion for professional development leads them to frequently work remotely and with mobile devices. In order to get the most out of your employees, give them the tools to work from anywhere, anytime to allow for flexibility in their life.
5. Establish a genuine culture
It is repeatedly evident that Millennials care more about purpose and products than financial performance. Give them a reason to believe in your company! Stop emphasizing the financial performance and highlight your company’s true culture and values. This purpose inspires greater work ethic.
6. Show your appreciation
Millennials will not stay at a company that does not consistently value employee happiness. They understand that they spend most of their time at work, so they want to work somewhere that appreciates them. A Millennial that is not excited to go into work will not perform at their best. Have monthly employee appreciation events, bring in weekly snacks, and make sure to recognize outstanding employees. Small gestures add up to big results!
It’s obvious that the shift is toward a more dynamic work culture. Don’t miss out on what this transformative generation can do for your business.