WEEKLY EDITION SEPTEMBER 26, 2018
Bank on the Value of Your Millennial Workers
NEWBERG CONTINUED FROM PAGE 10
Millennials are Networkers
These people are natural connectors. According to an infographic created at Pepperdine University, 53% of Millennials would
rather lose their sense of smell than their digital devices. Their instant connection with the world has become a part of their
physical being; they barely know life without the ability to connect at will. This skill is everything you want if you're interested in
growing your business, but it comes at a cost.
If they're not feeling challenged enough, or they feel micro-managed, they will network themselves right out of your company.
Consider adding perks including, but not limited to, allowing
those in the office to bring pets to work and providing
wellness benefits like gym memberships and yoga mats.
They are Entrepreneurial
Numerous articles out there suggest that Millennials want
regular feedback and encouragement, and that they seek a
collaborative atmosphere over a competitive one. Yet they'll
pursue an entrepreneurial opportunity faster than you can
spread avocado on toast. A study conducted by The Center
for Generational Kinetics last year revealed that if they
accrue the resources, 54% of Millennials would quit their job
to start their own business.
According to the same study 30% of Millennials already have their own business and 26% are able to live off the earnings. But if
you can manage to keep this employee happy with those extra healthy snacks in your fully-stocked office kitchen and some
well-coordinated social outings, you may have nabbed your future company president.
They'll
Prepare You for What's Coming
Millennials are not only the most multi-cultural generation; they are the most compassionate and inclusive. According to
Forbes' "5 Ways Millennials Will Transform The Workplace in 2018," they are disappointed with how diversity has been handled
in the workplace by previous generations, and are going to create work environments that are safe and accommodating to all
cultures and genders. This is a good thing. The more diverse your staff, the more communities, events, and work sites your
company can reach. Reward your staff by recruiting a vendor that delivers ready-to-eat healthy meals they can choose to buy
and take home to their busy families, or find an auto repair service that will come perform oil changes at your work site for busy
employees. The more you respect their belief in time with family and self-care, the better chance you have of keeping this
most efficient employee interested in the future of your business.
There's really no way to avoid the next generation taking over your company. You may choose to evolve into this new world, or
bury your business with the old.
For more ideas on how to attract and retain this new generation of workers check out this list from fastcompany.com. -- en
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