According to the Bureau of Labor Statistics, the millennial generation will make up nearly 34% of the labor force in 2024. Unlike previous cohorts, this generation is looking for unique environments, perks, and values. Based on research requested by the Association of Change Management Professionals to better balance membership offerings and demographics, we’ve created an applicable outline for all companies interested in targeting this demographic. Here are 5 specific recommendations for creating and maintaining an organization that millennials will thrive in.
1. Demonstrate Value
Millennials seem to be specifically interested in the “why," the reason behind approach. More than just providing background information, value arises from legitimate, meaningful goals and managing expectations to achieve them.
2. PROVIDE VOLUNTEER OPPORTUNITIES
A big driver for this demographic is the community context and impact. Constantly connected millennials seek work that allows the growth and betterment of the community.
3. SPONSOR NETWORKING EVENTS
Millennials are always seeking connectivity through social media, meet-up events, and entertainment opportunities. Providing networking opportunities at work allows millennials to feel connected and engaged with both their peer group and the organization.
4. BE TECHNOLOGY FORWARD
As a group, millennials live and breathe technology. Organizations that embrace new ways of working and incorporate technology tools promote a progressive and efficient workplace that millennials seek.
5. PROMOTE WORK/LIFE BALANCE
In keeping with a desire for connectivity and progression, millennials also seek more balance than previous generations. Organizations that provide opportunities to balance life’s demands will help keep millennials engaged and happy.