The millennial generation is having a large impact on today’s workforce. Including anyone born between 1980 and 2000, there were 80 million millennials in the United States as of 2012, and roughly half of them were already in the workforce. That percentage will only continue to grow, and smart companies are learning how to better handle this group of employees, as millennials differ from their baby boomer counterparts in how they approach their careers in many ways.
This white paper looks at 5 methods for managing your millennials, focusing on the motivations and work habits of this younger generation. Millennials are driven by collaboration, feedback, and reinforcement, and focus on the immediacy of tasks rather than longer-term goals. Employers may be used to the baby boomer generation, where the focus is on independent work and long-term goals, and scheduled feedback is more the norm. While millennials value transparency and a relaxed attitude, previous generations generally have a more formal view of the workplace and expect a rigid hierarchy of command.
At the root of the differences is that millennials are motivated by different factors than their predecessors. Thus management needs to adapt—but instead of the “millennial factor” being viewed as a negative trend and thus cause for alarm, this workplace demographic shift is best viewed as an opportunity to capitalize on the strengths of the younger generation of employees. Learn how to help your business thrive in this new climate with these 5 ways to manage your company’s millenials.