No matter what industry you’re in, it’s likely that a growing number of your employees are millennials. Born between 1981 and 1996, millennials are known to be the first digital natives to enter the workforce.
Much like baby boomers and the greatest generation, millennials are hardworking, dedicated employees. They also love to find new ways to get things done faster and better. And they will make up 75% of the workforce by 2025.
That means for your business to stay competitive, you will have to understand millennials and what they want in a job, so you can retain your best and brightest employees and avoid fast and expensive turnovers.
Here are five proven strategies you can use to keep your millennial employees happy and motivated
1. Make sure your work gives them a sense of purpose
Millennials want more than a paycheck. A majority of them look for a job that means something to them, whether that’s serving the greater good or staying true to their personal values. They also look for a job that lets them learn and grow. In fact, early reports found that 87% of millennials say they look for learning opportunities and career growth in a job.
2. Keep your organization flat
Besides the fact that 88% of millennials prefer a collaborative culture over a competitive culture, flat organizations get things done more efficiently and at lower cost. This is because removing excess layers of management makes your employees more accountable for their work, communicate faster, and make decisions easier, all while you save big on expensive middle-level salaries.
3. Give your millennial employees flexible working options
With the surge in remote work adoption due to COVID-19, more millennials want the freedom to work when and where they please. Some millennials have found that they are most productive in their favorite cafe, while others prefer to work in the comfort of their own home. Additionally, different millennials tend to be more efficient and alert at different times of the day.
Rather than constraining employees to a cubicle from 9 till 5, businesses are much more successful if they can accommodate their staff’s preferred working conditions. According to job listings website Flexjobs, 70% of millennials have left or considered leaving a job because it lacked flexible work options.
Fortunately, enabling remote work arrangements is easier than ever, thanks to advancements in cloud computing and mobile technology. With access to cloud productivity platforms like Microsoft 365, for instance, millennials can easily sync up and collaborate with their team as if they were in the office.
4. Promote a good work-life balance for your employees
Millennials prioritize their well-being and other areas of life besides career progression, with a whopping 60% saying that they work for travel. Ninety percent of senior executives also say that employees who take paid leaves are more productive at work and take fewer sick days off.
In short, giving employees the right balance between their personal and professional lives pays tremendous dividends in the long run.
5. Invest in the right business technologies
Having grown up with waves of game-changing technologies, it’s not surprising that 82% of millennials say they take into account the workplace tech when deciding to take a job. Meanwhile, 45% consider leaving an office with slow and old IT solutions.
This means if you want to attract and retain the right talent, you need to be constantly innovating with new technologies.
Investing in cloud solutions will give your team access to enterprise-grade features and collaborate with ease no matter where they are. Utilizing workflow automation will eliminate inefficient manual processes and paperwork that workers dread. And deploying efficient business IT as a whole will help your staff work smarter, faster, and without getting frustrated over repetitive technology glitches.
But with technology evolving at a breakneck speed, how do you choose the right IT solutions that will continue to support your needs and goals down the road? Athens Micro is the solution. We’ve helped countless businesses optimize their operations through customized IT services that meet their specific needs and budget, and we can help achieve the same results. Get a free IT consultation today to future-proof your business.
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