What do millennials want in a job, and how do you get them to stay? This group of older youth (26 to 41 years old in 2022) includes people who have just graduated and those who have set standards of living. However, when it comes to a job, they are less committed to their positions than they are to earning a salary. Research by Deloitte confirms an employer’s worst fears. Nearly half of the respondents said they would change jobs within two years if they could. But if they are flaky employees then employers can just resort to not hiring them – right? Millennials make up the largest demographic of working people, thus employers cannot hire them. Here is a list of things that will keep this older youth happy in the workplace.
They Crave Growth Opportunities
Millennials want to work in places that develop their skills and leadership qualities. Despite negative perceptions, workers of this generation are unafraid of pushing themselves – if they deem the work to be rewarding and fulfilling. They want to work with leaders who push them and guide them to become better.
- Help millennials set challenging objectives to push them outside their comfort zone
- Openly discuss personal and professional objectives
- Provide mentorship opportunities with yourself or other leaders
- Create a career development plan to help them achieve milestones
They Get Bored Easily
A report from Gallup shows that only 29% of millennials feel engaged in work. They want something that is purpose-driven and fulfilling. If you take a step back, you can realise that this is a major indicator in why they are so prone to job-hopping.
- Let people know how they helped the business thrive
- Provide alternative types of benefits to show your appreciation – ask how they would like to be acknowledged
- Openly communicate your gratitude for employees
- Teach them how to lead by focusing on leadership skills regularly
They Seek A Balance with Work and Life
This groups of employees are unafraid of communication or negotiating specific terms that protect their mental wellbeing. In research by Deloitte, 84% of millennials said they felt the effects of burnout at their current jobs. Some of the things that drive them away are; unrealistic deadlines, working too much overtime and lack of recognition or toxic work environment.
- Notice when a team member is struggling, and reach out.
- Set firm rules about taking leave or time off
- Adapt and understand when an employee needs time and space – it’s better to have people recharge
- Structure terms to allow your team to get plenty of rest.
READ MORE: What Is Burnout: Signs, Symptoms, Prevention
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They Will Leave (Unless)
A study by Gallup shows that 60% of Generation Y would be open to new job opportunities – with some seeking new employment at a different company within the next 12 month. The main reason for their departure is a lack of engagement and retention strategies.
- Build a strong relationship with employees. Without this ‘investment’ team members will feel no reason to stay loyal
- Make an effort to show that you care on a professional and personal level
- Pay people what they deserve – more often people are forced out of jobs they love because they need more money to live
- Raise up new leaders. Help employees fulfill leadership roles
- Intentionally develop a sense of belonging, excitement and fun
zahraa@smile904.fm