Millennials, otherwise called the Millennial Generation or Generation Y, are the demographic group after Generation X. There are no exact dates when the era begins and closes, but most researchers and commentators use birth years extending from 1980 to 2000.
An article for Time Magazine even referred to them as the “me me me generation” and “lazy, entitled narcissists.” Having been born and raised in the internet age, the millennials seemed to have everything easy. Also, millennials are known to be restless – they were even stereotyped as job hoppers because they tend to switch jobs every year or two.
In our company, the average age of our team members in the Philippines is 30. Therefore, most of them are millennials. As an employer, it is something that must be addressed because we have to keep our employees engaged.
Here are some ways to keep millennials in the workplace engaged:
Communicate the Company’s Values
Fact: Employees aim to identify with the values of the company they want to work for. Part of their decision to work for you is their association with your company’s culture. Therefore, you should create a culture that makes people feel that they are contributing to the greater good of the organisation.
Listen to Their Inputs
Millennials are hungry for growth – professional growth, that is. Let them contribute or at least take into consideration their ideas. In short, stop micromanaging them and let their personality shine. Remember: hire for character, train for skill.
Emphasize Work-Life Balance
Again, millennials are restless in the sense that they want to do everything at once, if possible. The principle of work-life balance has become a factor that aims to increase employee satisfaction and decrease turnover rate. The less they feel burnt out, the more chances they will stay in your company.
Encourage Teamwork and Friendship
Another fact: employees are least likely to leave the company if they have close friends at work. Once in a while, have a team building or even a small tea party to celebrate camaraderie in your office.
Recognise Their Performance
Every employee is an asset to your company and you have to make them sense that. When they feel that their efforts are recognised, they will feel valued and appreciated. And when people feel engaged, they become more creative and productive, resulting to higher revenue for your company.
The Outsourced Accountant supports Australian and New Zealand accounting firms by helping them understand and implement outsourcing solutions to help them become more proactive and truly add value to their clients. If you want to know more about outsourcing, call us at 1300 896 522 / 0800 452 853, and download our e-book.