Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Millennials in the Workplace: The Who, Why, and How

655 views

Published on

By 2020, Millennials will form 20% of the global workforce. Find out who they are, what motivates them, why they matter in the workplace, and how who can leverage them in your workplace.




Sources:
1. https://nshss.org/newsroom/millennial-career-survey/
2. http://www.gallup.com/businessjournal/196985/millennials-jobs-promote.aspx
3. http://news.clarku.edu/news/2014/08/28/thirtysomethings-on-work-most-say-enjoyment-on-the-job-trumps-fat-paycheck/
4. http://www2.deloitte.com/global/en/pages/about-deloitte/articles/millennialsurvey.html
5. http://www.ultimatesoftware.com/Contact/hr-whitepaper-is-there-really-a-generational-divide-at-work
6. http://www.aon.com/human-capital-consulting/thought-leadership/talent/2015-workforce-mindset-study.jsp
7. http://blog.viacom.com/2012/10/consumer-insights-mtvs-no-collar-workers/
8. http://c.ymcdn.com/sites/www.leadingagenc.org/resource/resmgr/2016_White_Papers/Trend_Analysis/Sodexo_Workplace_Trends.pdf

Published in: Business
  • paid surveys and get paid for it? ▲▲▲ https://dwz1.cc/DU3z4dss
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Can you earn $7000 a month from home? Are you feeling trapped by your life? Stuck in a dead-end job you hate, but too scared to call it quits, because after all, the rent's due on the first of the month, right? Are you ready to change your life for the better? ▲▲▲ http://t.cn/AisJWCv6
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Best survey site online! $1,500 a month thanks to you guys! Without a doubt the best paid surveys site online!I have made money from other survey sites but made double or triple with GoldOpinions.com for the same time and effort. The variety and number of daily paid surveys I get from them is unmatched. A must for anyone looking for extra cash or a full time income. ♥♥♥ http://t.cn/AieX2Loq
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Hello! Who wants to chat with me? Nu photos with me here http://bit.ly/helenswee
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Millennials in the Workplace: The Who, Why, and How

  1. 1. Millennials in the workplace Why Millennials Matter Millennials Treasure Work/Life Balance The Who, Why, and How By 2020, millennials will form 50% of the global workforce 69.2% Seek a good work/life balance in an employer 57%Said well-being in a job is “very important” to them 74% Expect flexible schedules in the worklplace 78% Said it’s more important to enjoy work than make a lot of money Millennials are tech-savvy multitaskers Said access to technology they like to use makes them more effective at work Felt that their managers did not always understand the way they use technology at work Said they would rather communicate electronically than face-to-face or over the telephone 50% 41% 78% Millennials Value Feedback 25%feel that annual reviews don't help improve their performance, but instead, feel regular feedback does. Feedback frequency in millennials want feedback every week (2x any other generation)42% would like to see the recognition program improve at current employer 38% say they receive routine feedback from managers19% Generational Gap Felt personal drive could be intimidating to other generations Felt senior management could not easily relate to younger workers 38% 34% Common (Mis)Perceptions Not Loyal Not hard workers Expect constant praise and rewards Instant advancement They don’t respect elders They only want to learn from computers Impossible to turn into long term employees Millennials are motivated by more than money 51% 65% Said feedback should be given very frequently or continually on the job 1%Only 1% said feedback was not important to them Said rigid hierarchies and outdated management style failed to get the most out of younger recruits Employees committed to companies who put in more effort, with 87% less likely to resign 57% Best way to manage and motivate millennials Provide strong, involved management1 Have regular check-ins Provide metrics to reach success Work together on creating clear goals Make work challenging, engaging, and fun4 Promote friendly competition & instant recognition Work does not have to be a game all of the time, but elements from games can be very effective Show them how your company is making the world a better place and how they can contribute. Show them the higher purpose2 Create an environment of recognition3 According to Bersin associates, Companies that do this well perform 14x better than other companies and will do a better job of retaining millennials. Leverage the latest technologies5 Easy to use Saves time Accessible 75% Prefer to work from home or other locations where they feel most productive (only 43% currently allowed to do this) 82% Feel it’s important to have a career that does some good in the world

×