25 Oct Four ways to get the most out of your millennials
4 ways to get the most out of your millennials
Millennials are a demanding bunch when it comes to what they want from their employer. They want flexibility, meaningful and purposeful work, a social connection, real-time feedback and recognition, and the most up-to-date technology, to name but a handful of their demands. Demanding, maybe, but what on earth would the workplace look like without them?
Millennials are shaping workplaces everywhere, with organisations recognising the need to implement “the millennial way” into their culture in order to keep employees engaged and their business competitive.
In an article for HR Dive, David Osborne, CEO of Virgin Pulse, an employee wellbeing and engagement platform, goes into more detail on how to please the millennial generation and use them as a competitive advantage:
1. Keep communication channels open
Millennials thrive on hearing what they’re doing well and what they need to improve upon. A study from Clutch found that nearly three-quarters (72%) of millennials who receive accurate and consistent feedback find their jobs fulfilling. Of those who did not receive consistent feedback, only 38% were fulfilled.
2. Offer flexibility
Job rotation is a technique that dates back to the 1960s – one which has failed to become commonplace. But it could be an important one to implement going forward, with millennials placing a high value on variety, change and growth.
Less than a third (31%) of millennials expect to stay with their current employer for the next five years, according to a PwC study. Offering job rotation opportunities might convince them to stay for the long term.
3. Create a culture of wellbeing
Technology now means that we can rarely switch off from work, which is one of the reasons why millennials are so keen to ensure they are able to integrate work and personal life. According to a Gallup survey, 57% of millennials feel work-life balance and wellbeing are “very important” to them.
A culture of wellbeing will not only help retain millennials, it’s also good for their mental and physical health, which should mean a reduction in the cost of absenteeism.
4. Invest in technology
As we reported on our blog last year, nearly half (42%) of millennials are prepared to quit their job if office technologies are not up to their standard. It underlines just how important tech has become to this generation – after all, it makes work easier for them, allows them to be more efficient and improves their working lives.
Not only should you invest in great technology, you need to ensure that it is implemented in a way that allows your people to use it for all its worth, otherwise they will just stop using it. e-Resolve’s people-focussed approach ensures you get the technology you actually need and not just a carbon copy of what you already have.