How Millennials are Changing the Workplace
As of 2016, Millennials overtook Gen Xers to become the largest group in the workforce. Many of them have been in the workforce for a decade or more already. As of 2017, there are 56 million millennials in the workforce, with Gen Xers coming in second with 53 million workers per Pew Research Center findings.
And while this gap is not a commanding one, that gap is enough to create natural shifts in everything from the rate at which a business’s workforce turns over to the way in which individuals complete tasks.
Smart companies are embracing these changes in order to keep their workers happy. Along with decreasing the likelihood that employees will leave, attending to employee happiness can boost productivity by 12 percent on average, found a University of Warwick study. Because productivity necessarily impacts your bottom line, investing in your workers could make all the difference.
Happy Job Hoppers
Millennials aren’t just unafraid of leaving behind the comforts of their current workplace, they actually strive to do so. A Delliotte study found that 66 percent of millennials expect to leave their current positions. And even more alarmingly, only 16 percent of millennials see themselves working for the same employer in a decade.
Though you can’t prevent an employee who wants to spread his or her wings elsewhere from doing so, you do want to minimize the desire to leave, as employee turnover costs you time and money.
To combat this common millennial characteristic, tune in to employees’ needs and wants and meet them whenever possible. Focus specifically on things that make millennials happy, like flexible scheduling, student loan repayment and clear growth potential.
Millennials are less driven by the clock and more driven by a professional end goal. They see each position they take and each task they complete as part of a larger process that will get them where they want to be.
As an employer, having purpose-driven workers is a huge benefit. Having employees who want to complete a task, and complete it well, is certainly better than dealing with a team of clock-watchers whose only motivation is the 5pm clock-out.
To embrace this strength, allow your workers to work remotely whenever possible. By giving your naturally motivated workers the chance to work when and where they want, you can empower them to work towards accomplishing their goal outside of the regular 9 to 5 day.
Another way to foster flexibility – WiFi. With 19 percent of millennials saying that flexibility is the most important employer benefit according to a Randstad survey, investing in quality, deadspot-free WiFi, and allowing employees location flexibility when possible, will certainly pay off in the former of happier and more productive employees.
If your business structure is one that yields itself to workers remaining secluded in a cubicle all day, you may inadvertently be scaring away Millennials. Millennials traditionally thrive on interaction with others, whether face-to-face or technology facilitated.
Millennials’ desire to interact and be part of a larger community has fueled the growth of co-working spaces, physical spaces specifically designed to house independent contractors or remote workers who feel the need for human interaction.
When you’re designing your workplace, add in spaces designated specifically for communication and collaboration. Along with the traditional meeting rooms, set up conversation coves, brainstorming rooms, and webinar-ready conferencing spaces to foster the collaboration and connection millennials thrive on.
For millennials, diversity and inclusion are more than just buzzwords, they are important characteristics that they consider when accepting a position and when deciding whether to stay. In fact, according to a Deliotte study, 81 percent of millennials stated they are more “true to themselves” when they believe that their organization fosters an inclusive culture.
Get your business headed in the right direction by broadening your horizons when it comes to networking. Actively work to acknowledge the opinions that all members of your team bring to the table.
Millennials are used to change.
They’ve seen an explosive growth in the field of technology and have taken it with stride. And they know change will keep coming.
Allowing millennials to take the helm in preparing for the generation that will inevitably overtake them— Gen Z—as well as unavoidable and scary changes, like automation and artificial intelligence, is a wise choice. Trust and empower millennials to prepare by building feedback loops, creating community, and doing all of the other things that will also satisfy your GenZers.
Start designing for tomorrow’s workforce today.
It’s important to remember that the millennials taking entry-level positions today will be the leaders of tomorrow. In fact 20 percent of leadership positions are already held by millennials.
By celebrating the strengths associated with this generation, working to overcome any weaknesses, and trusting them to take the lead, you can maintain a productive and prosperous workplace.
Need help designing your office space to attract, and retain, the best and brightest?? We are here to help. Give us a call at 877-779-3409 or fill out our online contact form.
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