As the Baby Boomers start to age out of the workforce, Gen Xers and Millennials are taking over. It is estimated that by 2020, Millennials will make up the majority of the workforce and will take over many leadership roles. With this newfound leadership, Millennials have had a strong influence on how the corporate world does business today. Here are several ways in which Millennials are changing the workplace.
Growing up in the age of technology, Millennials are comfortable with using technological services and products to communicate, organize projects and complete tasks. Many have even received an online college education. They are leading the path of staying connected within the workplace, but in new and creative ways. Instead of long formal reports or emails, they prefer communicating via text message or a messaging app. They prefer conducting business through video-chat versus in-person meetings. Millennials prefer efficiency over formality. Communication between co-workers has never been easier, because there is always a way to contact anyone, anytime and anywhere.
Millennials are leading the latest work trend- working remotely. Millennials make up the majority of current employees that work from home. This allows Millennials a greater work-life balance, something that is highly important to this generation. They want a career that doesn’t take over their entire life; when they are at work, they are given the direction and the tools to be productive, but when it’s time to go home, they can punch out and be on their way. This workplace freedom can be a greater reward than financial perks.
Millennials want managers that are more like mentors. They want someone that is there to help them reach their maximum potential. The days when employees met with managers once a year to set goals and receive an annual review are over. Millennials want ongoing feedback from their managers, with collaborative goal setting that seems challenging and fair. Casual check-ins with management allows employees to see how they are doing and if they are meeting expectations and reaching company goals.
Millennials are more focused on empowerment in the workplace, not just a place to punch a clock. They are seeking fulfillment in their job, one they can be engaged in. They want to use their post-graduate education to make a difference and not waste time on tasks such as useless reports, that are just tossed aside. Companies should focus on transparency; keeping employees involved and up to speed on the company’s vision, it’s goals, and the expectations of the employees themselves.
Stratford University Career Center works with students and graduates who are ready to enter the workforce of their chosen career field. We offer assistance with resume building, job leads, interview prep and role play, access to career fairs, career development and more.