Millennials. For some, the word conjures images of a spoiled, over-entitled generation with a need for instant gratification and a love of the superficial and disposable. The fact is, in global powerhouses such as the US, one in three people is a millennial. So, whatever your personal prejudices towards this generation, this reality fundamentally changes the workplace and how you manage your employees.
Companies now put more time and resources on increasing employee engagement, especially with millennials. Since increased engagement has a direct impact on revenue, it is a great investment. Employees who are engaged and connected to their work are more productive, focused, and stay longer.
While things like great coffee and volunteer programmes are great strategies for engaging millennials, the most effective approach still revolves around leadership. A bad manager is more likely to drive away an employee than company perks will ensure their loyalty. Gallup estimates 70% of employee engagement hinges on effective management.
Whatever the demographics of your workforce, what won’t change is your understanding that when it comes to co-ordinating training, a one-size-fits-all approach is unlikely to work. What works for one employee may be completely ineffective for another. And this is most apparent when it comes to the different age groups within a workforce.
Today’s blog is in two parts – the first includes tips on how to train millennials, while the second showcases the experiences of seven executives and how they’ve learnt to lead millennials.