Over the last few weeks it’s been really interesting observing the increasing amount of media coverage about generational differences in the workplace and how employers can keep their multi-generational workforce engaged and motivated.
Statistics suggest that 50 per cent of UK employees will be Millennials within a year. With the Millennials (also known as Gen Y – a generation that were born between the early 80’s and early 2000’s) now flooding the workforce and who will soon be occupying more senior roles in businesses – it seems an appropriate time for businesses to take a closer look at how they will the meet their needs . Think about this, the first Generation Y CEO (born after 1980) to lead a British FTSE company is expected to be appointed by 2016, according to Deloitte’s Upwardly Mobile report.
Millenials are often labelled as the ‘me, me’ generation who have an inflated sense of entitlement and believe there is nothing to learn from the older generation. And according to an article in IoD Connect, it seems, now we are getting to understand them better, they have been misunderstood and many people will have to change their views. It appears Gen Y are actually a happy, ambitious and vocationally-minded workforce. Based on the finding of the City & Guilds organisation’s edition of its Career Happiness Index, Millennials are ‘positive, high-aiming, go-getters, who are eager to learn’ (as well as being ‘tech-savvy and hyper-connected’!), and if this is true I can’t see any organisation having an issue with a Gen Y workforce.
But as with all employees – how they are managed and treated by their employers can make the difference difference between having a productive fully engaged and motivated workforce or one that is disengaged and unproductive. So how can employers keep this high-flying generation engaged?
- Positive Feedback – if your Millennial does something well –tell them.
- Training/development – they are highly ambitious generation – help them achieve those ambitions and retain good talent.
- Challenge them as individuals and teams – Set them tasks/projects that mean they have to solve problems or learn new skills.
- Create a positive and inclusive environment – Millennials want (as we all do) to be happy at work – so help ensure that the workplace is a good environment to be in.
With two successful Gen Ys still living with us, I’m possibly risking family harmony blogging about this subject, here’s hoping not too much, as we might need looking after in our twilight years.