What Millennials Want From The Workplace
Who are they?
Millennials. Love them or hate them, they are everywhere. Or at least they will be soon. According to recent studies, by 2020 over half of the global workforce will be part of the generation known as ‘millennials’.
So what do these smartphone wielding, cereal cafe eating, snapchatters want when it comes to the workplace? Here’s a rundown to help your startup attract the best Gen Y talent.
Work life integration
Work life balance is dead. It’s all about work life blend. In a recent survey by the intelligence group, it was discovered that 88% of millennials want work-life integration in their careers.
Millennials don’t mind firing off emails on a Saturday afternoon or a Friday evening, as long as they can get in late on Monday after a 2am Game of Thrones binge the night before.
Top tip: Create a culture that allows employees to build a career around their lives, rather than building a life around their career. Flexible hours, locations and job titles are all good places to start.
Ability to move on
Millennials don’t want to work at one company for their entire lives. Many of their parents were made redundant in the most recent financial crisis, and struggled to find work in the industries they had spent their entire careers in. They have seen the pitfalls of relying on one company to provide for an individual for their whole career.
As such, most millennials are hesitant to follow a linear career path, instead preferring to diversify their experiences, and are more willing to jump between employers when the opportunity arises.
In 2015, 75% of employees expected to have just 2-5 employers in their lifetime now that figure is just 54%. This trend is only going to continue.
Top tip: Instead of making it more difficult for people to leave, focus on hiring people who have a personal connection to the mission of the company; they’ll have better staying power.
With unprecedented access to knowledge, millennials aren’t used to not knowing things and the sense of entitlement that comes with it. It’s not that they feel like they deserve to be the ones making the decisions, it’s that they feel they deserve to know why decisions are being made.
While queries as to the purpose of a task are often perceived as questioning authority, it is actually down to an inherent curiosity and desire to learn.
Top tip: Explore more democratic organisational structures such as holocracy, sociocracy or Teal structures to encourage a more collaborative culture.
According to the 2016 New Tech Benchmark Report, the biggest driver of employee engagement in Tech companies is career development. They aren’t happy staying in a stable environment so make it clear that there is a path to deepen and broaden their experience.
Only 24% of millennials are happy with their current learning opportunities. While generation X and baby boomers were primarily concerned about security and the ability to provide for their families, Millennials want to grow and develop at an insatiable rate.
Top tip: The best way for managers to harness this is to provide mentorship and validation. When it comes to mentorship, 61% of millennials who were offered mentorship schemes had a positive experience.
Millennials want to have impact at work and it’s our responsibility as employers to give them the flexibility, freedom and focus to do that. Attracting the best talent is not just about office perks or big salaries, but being able to communicate your culture and mission in an engaging way. TalentRocket is a “culture fit” recruitment platform that enables startups to promote their talent brand, hire great people and save on recruitment costs. If you’d like to join them then you can enquire at [email protected].
Chris Platts from Talent Rocket
This article was first published at www.Disrupts.co.uk