Millennials…you might love ‘em, you might hate ‘em, but there is simply no denying that they are the future of the workforce. So if you want to ensure that your company will forge ahead successfully, you will need to have millennials on your team.
But does your company attract millennial employees? If you haven’t been so successful at attracting the younger generation to your workforce, you may want to think about reframing your position to suit the somewhat “newfangled” ideals of millennials.
A recent survey by Deloitte highlighted some of the main findings when it comes to millennials in the workplace, and the findings can steer you in the right when trying to make your company attractive to millennials.
Millennials Seek Purpose
Baby boomers may have derived satisfaction from putting in their eight hours a day and receiving a nice paycheck, but millennials want something more. While compensation, of course, is important, millennials also search for jobs that will give them a sense of purpose, jobs that will make them feel like they are contributing something to the world, or at the very least, to the overall vision of their company – even if they are not applying for a management position.
Millennials Want Constant Professional Development
The parents and grandparents of millennials may have worked at the same company for 30 years, but millennials don’t show any signs of sticking with the same company for that long. According to the Deloitte Millennial Survey 2016, forty-four percent of millennials say, if they are able to, they would like to leave their current employers in the next two years.
But that doesn’t mean that retaining millennial employees is impossible – it does mean that you need to cater to their goals. And one of those goals is to constantly be developing professionally. That means that, in addition to the responsibilities and tasks that come along with your company’s job, the position also needs to include room for growth, learning, and acquiring valuable professional skills. While this may seem difficult for a company to provide, keep in mind that the more you invest in millennials, the more likely they are to return the investment to your company.
Millennials Don’t Work Well with Certain Types of Management
Bombastic, micromanaging leaders are not so much the kind that millennials look up to. Rather, millennials value leaders who can see the big picture, who inspire, and who are, simply, personable. If you are seeking to incorporate more millennials into your company, you need to think about the managers you have in place. Will their old-school mentality jive with the newer values of millennials? If not, you may find that you are able to hire millennials, but not able to retain them. If this is the case, look to your management, and assess whether a conflict in style could be the source of this issue. The course of action you then choose will be representative of your company culture at large, which consequently, is a catchphrase that is big in millennial circles.
While you may not like the idea of catering to a new generation that on the surface, may not seem respectful of traditional ways of doing business, keep in mind that there are many positive things that millennials have to offer, such as passion, innovation and energy. And these are all traits that can benefit your company.