- Millennials crave flexibility and value perks such as telecommuting and flexible hours.
- They want to know that they're making a difference. You will earn commitment and loyalty by giving them a voice within the company and communicating the positive impact your organization is having in peoples' lives.
- The traditional corporate life is seen as evil, mostly because they watched their parents get laid off or treated terribly by bosses. Millennials respond best to management styles that are closer to a mentorship than an employee/boss relationship.
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Today's workforce is drastically changing and perhaps the biggest driving force is the evolving demographics in the office. As Baby Boomers continue to retire, more and more millennials are entering the workforce and, according to a recent study by Brookings, they'll make up for 75% of the workforce by 2025. Given this group is already known as self-centred, lazy, entitled, technology-addicted, bleeding heart job hoppers, one can only expect that the traditional office culture of their parents will soon seize to exist.
Whether or not you believe this to be true and fear a world run by Gen Y, that is a problem for future managers and recruiters. Today, the focus needs to be on accepting reality, embracing change, attracting the star millennials, and adjusting your culture to nurture them, all while weeding out those who will be lazy and toxic (and exist in all generations).
The reality is if you can successfully understand millennials and adjust your workplace culture to match their values, as opposed to those of their parents, only a handful will fall into the negative category described above. For example: