So the millennials are joining the workforce, and by 2025 (less than 10 years time) will comprise 75% of the workforce. They know they have options, and are more than prepared to exercise them. As employers, you need them more than they need you, so what are you going to do to attract and retain them, because they are more than prepared to not work than work for someone they don’t like.
In a recent article by Joanna Barsh, Lauren Brown and Kayvan Kian for McKinesy & Co (read it here) they report on the results from interviews with millennials to find out more about what it takes for employers to engage with them and provide an attractive workplace.
It is important to realise that as employers, you cannot assume “business as usual”, and you have to change to stay competitive, no matter what your industry. Here are the six tips the authors propose, coming from the millennials themselves – to find out more about each of these, follow the link above to the full article:
- Build bridges with data
- Put communications on steroids
- Develop a culture of mentorship
- Get creative about professional growth
- Make flexibility more than polite talk
- Shape mid-level managers into leaders
This week, try and incorporate just one of these ideas into your workforce culture, and get ready for the millennials.
The Avondale Business School can advise your organisation on being effective in these areas – find out how by contacting Warrick Long at the Avondale Business School.
P: 02 4980 2168