Connect with us

Business

How to Cater to Millennials in the Workplace

Published

on

How to Cater to Millennials in the Workplace

Millennials make up the largest workforce by age in the United States, according to Pew Research. Companies spend millions of dollars researching this demographic to better understand their preferences and goals.

Businesses that understand millennials will attract them as employees and steal them from competitors. And if businesses want a good relationship with their millennial employees, they’ll work to understand and meet their needs.

Here are some ways businesses can cater to millennials in the workplace:

Offer solid career development

According to a study by Gallup, the number one thing millennials look for in a job is “opportunity to learn and grow.”

More than money and benefits, millennials want training and career development. There are a few ways businesses can respond:

  • Offer or mandate personal training with experts in your business
  • Offer departmental transfers so employees can explore new skills and areas
  • Ensure continued training and education deep into employment periods

Here’s what not to do: have an annual assessment that gives them a small pay increase. Instead, offer results-based advancement in the workplace.

Even if they’ve been employed for six months, if they’re excelling in leadership, consider making them a supervisor. And give them the resources and tools to succeed in that position.

It’s important to put career advancement in the hands of millennials.

Foster relational management

In the same study, millennials ranked “Quality of Manager” and “Quality of Management” as the second and third most important items in a job.

There are a lot of ways to measure the quality of management, but it’s clearly important to millennials. They don’t want to work for someone with a poor personality.

Here’s how businesses can respond:

  • Encourage supervisors to build relationships with employees
  • Prevent and reduce mistreatment of employees (i.e. not tolerating slander or taking out anger on employees)
  • Promote mentorship to further employee training and relationship simultaneously

This can be challenging since management may have to undo years of psychological conditioning. Businesses should avoid the “I’m just here to work and not make friends” mentality.

Millennials want managers who genuinely care about them.

Offer remote work options

This may not be possible for every business, but working remotely is becoming the new norm.

Technology has allowed millennials to order food remotely, shop for everything remotely, do banking remotely, and find significant others remotely.

This is a normal – and even expected – experience for millennials. It’s only natural for this trend to carry over into their work life.

Here’s what businesses can do:

  • Make certain parts of the job remote, such as writing, making sales calls, or answering support calls for customers
  • Train management to manage workflow remotely
  • Offer employees the ability to work remotely

Businesses must prepare for a downside: some employees are simply not mature enough to work remotely. However, remote work is becoming more common and will soon become expected.

Promote inclusion and diversity

Social media trends reveal millennials care deeply about inclusion and diversity in the workplace with hashtags like #EqualPay. This is, of course, a generalization since millennials have a range of opinions on these matters.

However, businesses should take note of a growing trend: companies are publicly condemned on social media for not practicing inclusion and diversity within their workplaces.

Even if a shamed company does well financially, millennials perceive it as an undesirable place to work. It looks bad on their resume if they worked for a business that isn’t inclusive or diverse.

It is not enough to provide job creation and job stability. Millennials want and expect businesses to practice inclusiveness and promote diversity in the workplace.

Conclusion

Millennials are a complex demographic and there’s still a lot to learn about them.

The business world is experiencing a significant shift in how people look for jobs and thrive in the workplace. This is largely due to millennials, who have different values and priorities in the workplace than previous generations.

For businesses to meet the needs of millennial workers, they will have to continue to research, study, and make appropriate changes.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

wpChatIcon

Is THE newsletter for…

INVESTORS TRADERS OWNERS

Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!