It’s no secret that Millennials are causing some employers to rethink their views on employee relations and engagement. Growing up with the advent of technology and social media has exposed them to far more corners of the globe than any other generation in history. With the ability to access varying cultures, peoples, and places so readily available throughout their lives, Millennials are not nearly as content as older generations to stay put in one place for an extended period of time.
With Millennials expected to make up nearly half of the nation’s workforce by 2020, it is imperative for HR professionals to develop strategies to mitigate some of this restless energy and improve retention for Millennial employees. Though there is no foolproof plan to keeping Millennials from job hopping, following these simple steps may entice the Gen Y’ers to stick around the office for a little while longer:
- Create a flexible work environment
Some say the 9-to-5 is dead. It’s not, but it may need a little tweaking. As we said earlier, Millennials have been shaped by technology. For this generation, going to a library to retrieve an encyclopedia or a computer lab to write a paper was unnecessary: all the information needed to complete a task was right at their fingertips. This same trend holds true in the office. Many Millennials simply don’t understand the need to spend hours at a desk every day when they feel they could accomplish just as much in less time working remotely.
While it is important to be in the office, meet the Millennials halfway. Perhaps allow them a day each week to work from home. Remember: everyone’s work habits are different, and there is no one-size-fits-all work model. By recognizing the need for Millennials to work in a flexible environment, you will be creating a space that can adapt to meet their needs and greatly improve their career contentment.
- Give them purpose
Having grown up with expanding access to travel, film, the Internet and other media, Millennials are constantly striving to leave their own unique footprint in an increasingly automated, programmed world. In fact, nearly three out of four students polled in a survey considered having “a job where I can make an impact” to be essential to their happiness, as opposed to roughly half of workers. In other words, Millennials measure much of their work fulfillment in relation to the perceived positive impact it has having on the world around them.
Show leadership to your Millennial employees by clearly stating the company’s vision or goals, and what duties or skills they can use to help the company achieve this end. By making Millennials aware of the stakes they have in the organization’s success, they will find fulfillment in their work that could vastly strengthen their satisfaction and loyalty to your organization.
- Put together clear expectations of career advancement
Growing up alongside the technology boom, Millennials have always been inclined to look toward the future. When it comes to their careers, this is no exception. Millennials are a competitive crew, so putting clear incentives on the table for possible career advancement will motivate them to put their best work forward and settle in for the long haul. What Millennials may lack in terms of professional experience they more than make up for in enthusiasm and drive. Lay out exactly what’s expected of them in order to advance, and watch them rise to the occasion.
Try to be as transparent as possible about how and when their hard work will be rewarded in the form of promotions, raises, etc. Businesses that invest time and resources into their Millennial employees will earn this generation’s continued loyalty, drive, and unique vision.
If you would like to further discuss how you can improve your company’s retention of Millennial employees, please call our Advice and Resolution team today at 919-878-9222 or 336-668-7746.