Post author Alyson Iuchs has been in leadership and management positions in multiple industries including hospitality tourism, journalism and sports media.
The millennial generation is joining the workforce in large numbers. In fact, they will represent 75 percent of the workforce by 2025, which is why it’s important for business owners to understand their different values and perspectives.
A new infographic from Pepperdine University Graziadio School of Business and Management aims to highlight the importance of millennials in the workplace and what they look for in a career and at work.
While Baby Boomers and Gen Xer’s want job security and structure, millennials prefer flexibility and the ability to make a difference. Some of the other top priorities for millennials include compensation, benefits, and the ability to trust the company’s leadership. 88 percent of millennials want work-life integration, and they prefer a collaborative work environment over a competitive one.
Millennials have specific expectations of their employers. They want a clear and consistent job assessment with feedback and coaching from their boss. Millennials will not thrive in a critical or oppressive environment but prefer a place they feel safe and comfortable. This might also include the ability to occasionally work from home or shift their hours.
Employers have an opportunity to change the way they recruit as well as update their workplace environment to better retain millennial employees. Millennials want transparency when it comes to business decisions, so an open environment will foster trust among all generations and allow millennials to feel like they have a voice. A social workplace will create a community and help colleagues become a second family.
Millennials are an ethnically diverse and educated generation that can bring many positive traits to a company. Millennials are more tech-savvy, socially conscious, progressive and compassionate than previous generations, so businesses must adapt to new ideas in order to find and retain millennial candidates.
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