Quantam Workplace is an employee feedback software company that helps organizations improve workplace engagement. They claim if you do not get the following issues right with Millennials, your workplace will have no answer for the upcoming gray tsunami.
Professional Growth or Career Development
According to Quantam Workplace, this is the number one engagement driver among Millennials. They must see a path to a brighter tomorrow and they must get on that road quickly if employers are going to have any kind of chance of locking them down as long-term employees. Lack of a future is one reason that most Millennials jump from job to job every 3 years.
Open and Honest Communications with Management
According to a 2014 study by Millennial Branding, a research and management consulting firm that interprets data on Generation Y and Z workers, more than half of Millennials surveyed said that honesty was the most important quality of being a good leader.
Work Life Balance
Based on a Forbes article entitled “Why Millennials Are Ending the 9 to 5,” almost half of all Millennials will choose work life balance over pay as a workplace incentive any day of the week.
Whether we like it or not, they are reshaping the current work landscape through telecommuting, freelancing and crowd sourcing. If your traditional workplace remains unchanged you will be left behind by the gig economy being led by no other than Millennials.
Community Impact
According to the Generation Y Engagement Guide published by Network for Good, an online fundraising platform for charities and non-profit organizations, 83% of Millennials trust socially responsible organizations, and 74% are more likely to pay attention to that institution’s messaging because of its deep cause commitment. Their motto is “make yourself useful and change the world.” If their employer is not aligned with that same value, Millennials will move on to another firm that is.
Cultural Fit
This does not mean that Millennials want to work in places where everyone looks like, talks like and acts like them. Rather it means they want a job where they can be themselves. Being themselves takes on 2 dimensions. They want to be able to show up as their full selves to work every day which includes both their personal and professional identities.
Should I stay or should I go? This is a question Millennials ask themselves every day.
We should answer their question with one of our own. “Can you stay a little longer?”