The future of Australia sits firmly in the hands of millennials. Born between 1975 and 1995, if you look around you right now, there’s an excellent chance that you’ll be in the company of someone defined as a millennial.
Many millennials, particularly in the tech sector, are successfully executing roles in senior leadership and are emerging as a force to be reckoned with, demonstrating ongoing success as commanders of organisations across the globe.
So why are so many managers opposed to hiring millennials for their jobs?
Millennials are different to previous generations of workers; their attitude, confidence and approach to work-related tasks are new, unique and require an entirely different style of management.
Global economic analysis heavyweight Deloitte released a survey this year that found that 50% of millennials plan on being in their role for a mere two years. That’s a staggering half of the workforce born between 1975 and 1995 intend to move on after just two years in a role. When you consider the costs involved in hiring and recruitment, you can see how important it is to not only attract, but to engage and retain the best and brightest of this generation.
Millennials are passionate, energetic and committed to making a difference in their role so it’s crucial that managers today adopt techniques and learn to work with, rather than against, those previously feared personality traits.
Here are a few tips for managing millennials in the workplace successfully:
Millennials are strong in their convictions and have the skill-set to back this up. Don’t mistake their confidence for arrogance; embrace their ideas and inspire them through your leadership. Managing and ‘teaching them who’s boss’ will have a detrimental effect which will be a wasted opportunity for your company.
You’ve got an employee who’s chomping at the bit to take the next step; they’ve identified a need in the business, and they’re eager to meet it. Rather than quashing their thought process, welcome it. What can you do to help them reach their goals? Working with a zest for growth that is so common in millennials, will see that initial two years turn into much longer.
Millennials get bored quickly. They have been raised in a disposable society where toys were plentiful, and there is an ever-evolving stream of technologies that are constantly entertaining. Rarely idle, millennials brains work at a fast pace and their ideas come thick and fast. If a millennial is over-achieving in their role, create new tasks for them and keep them mentally stimulated. It is this diversity of their role that will keep them hanging around for the long haul.
There is no doubt that millennials are passionate and want to be active in a role that makes a difference. As per Deloitte’s survey findings, they want “businesses to focus more on people…products and purposes – and less on profit, and because of this, if you nurture them and give them wings, they will surely help your business to fly.
There is no doubt that millennials are breaking the mould as far as industry standards are concerned, but it is taking advantage of this which will revolutionise the way you do business and help take your organisation to the next level.
To unearth the perfect candidate for a role within your business, check out the Found Talent platform today