Resource Planning
A critical component to employee lifecycle success
The Millennial Work-pocalypse
A survival guide
Turning Stale Managers Into Stars
How to do that?
Performing Under Pressure
How to overcome this myth?
Resource Planning
A critical component to employee lifecycle success
The Millennial Work-pocalypse
A survival guide
Turning Stale Managers Into Stars
How to do that?
Performing Under Pressure
How to overcome this myth?
With the emergence of millennials, the workplace culture has undergone drastic changes. The entire focus is slowly shifting to adapt to the millennials’ style of working. Earlier, employers set the norms and employees had to adjust accordingly, but with the millennial era, employers are trying to keep up with the pace of the new generation. In this issue, we have a majority of articles that focus on millennials. Our cover story Digital Natives by Hannah Hahnis one among them.
In a survey of more than 2,800 young adults from Germany, the United Kingdom, the United States and China, researchers from Johnson Controls’ Global Workplace Solutions (GWS) sought to gain an in-depth understanding of this generation of Digital Natives and assess its significance to the workplace.
The employee lifecycle, as defined by global talent solutions company Hudson, is a perpetual circle consisting of attracting, selecting, developing, engaging and retaining employees and maintaining strategy at its core.It’s about nurturing and developing your best people so that they stay, build client relationships and ultimately help your firm grow. Conversely, losing your top talent can equal losing your top clients.
Earlier this year, millennials became the largest share of the American workforce, and by 2020, they will make up an estimated 46 percent of all U.S. workers. Managers who delay preparing for this impending ‘millennial-pocalypse’ will certainly regret it. As millennials spread through the workplace, leaving a trail of tweets and Snapsterpieces in their wake, managers need to know what to do to prepare for the impending takeover.
“Whenever I attend a meeting with employees, clients and investors, there is always a spotlight and I feel like I need to say something witty or motivational at all these events,” according to Julie Howard, CEO and member of the Board of Directors at Navigant Consulting, a publicly-held consulting organization. “As a leader, there isn’t a meeting where there isn’t an expectation that you will lead the discussion and contribute in a more intellectually significant way.”
First, Gallup didn't just make up these numbers. They measured the engagement levels of 27 million employees in 195 countries. In the US, only 30% of U.S. workers are fully engaged, and Gallup thinks managers are largely to blame (it says 70% of the engagement variance is down to them). It says there's "a clear link between poor managing and a nation of 'checked out' employees." Gallup insists that only 1 out of 10 managers has the innate talent to do just that: manage.
Today’s business climate is mired with employees who struggle with self-motivation and company engagement, leading to an increasingly common issue of low employee retention. Benefits packages have been the traditional remedy to this problem, incentivizing workers for longevity and engagement. However, this issue is complicated by generational differences. As confirmed by a 2015 Metlife study, employers are balancing baby boomers, Gen-Xers, and millennials – and soon Gen Z – all of whom have varying wants and needs. There is no one-size-fits-all answer to the question of how to keep your top performers.
As a new generation of millennial workers enters the workplace, businesses are beginning to see a demand for change in the traditional workplace culture and environment. Today’s generation of workers were raised on mobility and flexibility, expecting to be able to connect instantly to anything and everything, no matter where they are. The same goes for what they expect at the workplace. The simple solution to stay ahead of the business curve is adopting a social intranet. Businesses that do so can achieve remote working benefits while maintaining effective communication and collaboration regardless of location.
By year’s end, the U.S. Bureau of Labor Statistics predicts Millennials will comprise the largest percentage of the workforce – and 75 percent by 2030. They now face the realities of increasing numbers of part-time jobs and growing losses of jobs in major industry sectors: construction, manufacturing, information and finance.Beyond the challenges of a rapidly-evolving job landscape, they have one more unexpected hurdle to tackle – the dearth of training and guidance.