When it comes to the workplace, millennials often get bad impressions. This generation, (loosely defined as those born after 1982 and before 2004) they’re obsessed with technology, they’re entitled. They’re noncommittal, job hopping from employer to employer because they can’t settle down. But a survey conducted by Gallup shows that they are more aligned with other generations when it comes to contentment in the workplace than you think.
Indeed every company aims to continually raise revenue, offer solid customer services and improve its technology and systems, but here in RGF, we think that one of the best ways to support these needs is to provide and help our clients to retain the most in-tune and innovative generations of employees to date: the millennials. This is our vow as one of the top executive search firms in the Philippines. With this in mind, according to Forbes here are several things to consider in keeping millennials in your company.
Feed their entrepreneurial spirit.
- One of the biggest trends among millennials is finding out how they can easily maneuver themselves out of the corner office and into their own businesses. This drive comes from a thirst for more responsibility, a craving for exciting opportunities and an interest in the creative process. Many companies are embracing this thought process by creating a system in which they feed that entrepreneurial spirit while still retaining employees. Granting a sense of creative vision and stimulating tools to the millennial generation will allow them to embrace their need for freedom while maintaining their innovative spirits under your company’s roof.
The millennial generation has been shown flexibility through their entire lives, from their schedules as children to how universities function today. This same flexibility is therefore sought as they choose their careers. Creating a system of responsibility while also embracing this generation’s preference to sometimes work from home, go on vacation or turn a given creative process into a group session is crucial for keeping millennials satisfied in their current positions. Sometimes improving means thinking outside of the box and allowing your employees to maneuver in a way that suits their natures, as opposed to old and likely dated company structures.
- It’s no secret that millennials feel as if they are not being used to their full potential. This generation is often overlooked for advancement and leadership roles while watching the torch get passed among older workers. But let’s face it: To move into the new millennial-dominated era of employment, you have to start passing the torch right now. Accordingly, developing millennials’ skills and leadership qualities in-house is another way of providing your company and your employees with the ability to stay ahead of the curve – which is a wonderful alternative to playing catch-up later.
When you look around at your workplace, you can safely judge the relevance and competitiveness of that workforce based upon how many millennials are present on the team. If your deck isn’t stacked with plenty of millennial talent, you’re most certainly drifting toward an uncertain future.
RGF, a leader in executive search can help you. Millennials are the future. Don’t let them slip away.
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By Mervyn Tan, Senior Research Associate