Millennials sometimes get a raw deal by some people. However, what that small minority of people who keep bashing them, fail to realize is that millennials are the future – and will someday control the levels of; government, private businesses and academia to name a few.
Here a poignant list of things your company should know about this next generation of bright and ambitious individuals. This list is extrapolated from an article titled Seven Things CEOs Need to Know About Millennials by Meghan M. Biro of Talent Culture.
- Benefits: It’s not all about the “Benjamins.” When Millennial employees were asked what they value most from an employer, you may be surprised to learn that money wasn’t most important. In fact, cash bonuses came in third with training and development and flexible work hours taking first and second place respectively. What’s more revealing is that almost three quarters (73 percent) of millennials favor the notion of being able to customize their benefits packages to better suit their individual needs.
- They want to be challenged: This generation wants to know that their job offers personal learning and development opportunities above everything else. They also want to feel confident that when accepting a new position, there will be opportunities for advancement within the organization. In fact, 52 percent said it would make a prospective employer more attractive.
- A pat on the back goes a long way: One of the strongest traits of many millennials is the desire of frequent feedback from their superiors, especially praise for a job well done. As the survey indicated, 51 percent said feedback should be given very frequently or continually.
- They aren’t impressed with your diversity: Generally speaking, millennials think you can do better when it comes to promoting equal opportunity in the workplace. More than half (55 percent) of respondents agreed that even though organizations discuss diversity, not everyone has an equal opportunity to succeed.
- They think you’re stuck in your ways: Millennials are continually calling out company leaders for their “old-school,” and outdated management styles. More than 40 percent of millennials surveyed felt their use of technology was not always understood or appreciated.
- They’re sensitive about what older workers think of them: Millennials sometimes get a bum rap and at work, 38 percent think it might have something to do with the inability of older senior management to relate to them. Whether it’s rigid hierarchies and outdated management styles (cited by 65 percent of survey respondents,) or not understanding the way millennials use technology (46 percent,) they feel misunderstood by older colleagues.
- They’re loyal, but only to a point: Many millennials (38 percent) admit that they are keeping an eye out for new opportunities even when they are not actively seeking a new position. In other words, if they feel their talents are being wasted or that their needs are not being met, they won’t hesitate to move on to other opportunities.
Millenials are not as bad as they are made out to be. Let’s remember that it was not too long ago that today’s, 50 year plus cohorts, who blame today’s millennials for everything that’s wrong with the workforce environment — was also criticized by the generation that came before them. Some might call this merely the cycle of life.
To learn about ATS and it’s Workforce Management Suite, go to our website. You can also register for a bi-monthly webinar or demonstration and gain access to a variety of time and attendance and attendance brochures.To reach us by phone call; 866.294.2467.
Keep current with ATS: