Over the next 20 years, the Millennials or Generation Y will serve as a large proportion in the workplace. They’re poised to shift the economy and change the way you do business for decades to come.
Wait – who’re the Millennial Generation?
Millennials are born from the early 1980s to the early 2000s. Growing up in a time of technological change and globalisation, they’re the best bet when it comes to consumer behaviours. e.g. companies have to examine and study the characteristics of Millennials and alter their marketing campaigns to their consumer habits.
But here’s the kicker:
The rise of Millennials entering the workforce are increasing. They contribute innovative ideas and unique characteristics in the workplace. They’ve a different outlook on what they expect in their employment experience.
Here’re 6 ways on how to cultivate and built a workplace that’s best suited for Millennials.
1) They Hate Wasting Time and That’s a Good Thing for Your Business
One thing Millennials value most is time. They value the essence of time more than anything else. They’re well-educated, have the ability to multi-task, tech-savy and are confident in themselves. They seek challenges and are bore by those who’re unproductive.
Millennials tend to develop stronger relationships with the company when they’re given thought-provoking work or responsibilities that challenge them. To keep up with this fast moving generation, one thing for sure is – don’t slow them down!
2) They Seek Personal and Professional Development
Millennials are often keeping an eye on opportunities that can benefit them in the long-term. As they live in the digital era, the number of resources available have turn them into efficient problem solvers and critical thinkers. They embrace a strong entrepreneurial mind-set.
If they feel that something is hindering their personal or professional growth, they start to look for a change. It may be typical for them to job hop if they feel they’re not progressing or developing professionally in their career.
3) Be a Mentor
Just like any employee out there, Millennials employees want to feel valued and appreciated.
They want to exceed and do more than the restricted orders given by superiors. More specifically, they want to be mentored by those they can trust and respect.
Why does this matter?
These young adults expect to receive guidance and frequent check-ins with their bosses. It’s important to Millennials to be aware of their performance so that they can tackle their flaws and strive for further improvement.
4) They Love to Learn from Others’ Experiences
Millennials believe that experience is gold. This generation is about learning and learning from someone who has been through something they want to do. They look up to that individual and find out what his footsteps were.
Millennials are thirsting for knowledge and want to keep up with the latest trends happening in their industry. If you ask them, one of their professional goals is to be knowledgeable and sophisticated in their work.
5) Provide Feedback and See an Increase in Work Efficiency
Whether positive or negative feedback, millennials want to receive constructive feedback. If they’ve done a good job, they seek for recognition.
When providing feedback, give them plenty of help, reward them for innovation and taking appropriate risks. This will create a team-oriented culture between the millennials and the company. These measures will allow them to take that confidence to excel in their next given task.
6) They Believe True Potential Lies Beyond a Certificate
There’re people who deem that education is ‘complete’ when you’ve obtained a degree or higher. Millennials may have a completely different mind-set when it comes to continual learning.
This isn’t to say that the Millennial Generation doesn’t need education or certifications, but education isn’t everything in the workplace.
They don’t get easily influence by the opinions of others. Millennials create their own path and value self-learning and experience more than anything else.