By now you’ve no doubt realized that Millennials are indeed changing your workplace; what drives them, you might ask. For starters, there are likely lots of them in your workplace (and if there aren’t that might be something your company needs to address). Millennials currently make up half of the working population, and this won’t change anytime soon. They come with their own notions of what makes a company a good place to work, and as we’ve all heard, from a management standpoint, they come with a unique set of challenges. But rather than dwell on the difficulties of dealing with a relatively new entrant into the workforce, let’s focus on what could help us all to work more effectively with Millennials. Perhaps we can even uncover some of the positive aspects of working with Millennials (there must be some, right?).
A recent study by LinkedIn surveyed 13,000+ Millennials to find out what they think about jobs and job seeking. The survey revealed a number of interesting statistics. First, 93% of Millennials are “eager to learn about job opportunities.” Does it mean that Millennials are constantly looking for a better situation, always ready to leave their current company? It might, but it seems more likely that they will stay in their current job if they are provided new experiences and opportunities. The survey shows that Millennials are indeed hungrier for job opportunities than previous generations.
What is it that Millennials want? There are a lot of assumptions about this generation made by previous generations. They want to change jobs every 12 months, to have unfettered influence on their boss, job, and working environment, and most importantly, to be given titles, responsibilities, and salaries they haven’t earned, right? Maybe they are entitled. But a more interesting and effective question might be, what makes Millennials thrive in a workplace—in other words, what sort of environment, company, and leadership will enable a company to most effectively tap the talent and potential of the group that now makes up the largest single portion of the workforce in the United States?
A deeper dive into the numbers from the survey provides insight into WHY Millennials might accept new jobs. The number one reason they’d likely make a career move is because the new company offers them better compensation and benefits. In fact, Millennials care more about benefits than older professionals. The number two and three reasons Millennials would accept another job: the new company offers more opportunities and the work sounds more challenging. What have been your challenges in working with Millennial employees?
In upcoming articles, we will discuss more about how long-term care organizations can attract and retain Millennials.