Momentum Magazine October 2017 Edition | Page 8

GENERATIONAL GENERATIONAL SHIFT SHIFT Increase of millennial workers means change in workplace dynamics By the year 2025, it is predicted that millennials will make up at least three-quarters of the modern workforce. Born between 1982 and 1996, millennials have different needs when it comes to their careers. “Restructuring the way your company or business runs will not only attract and retain millennials, but it will also create a comfortable work environment for all of your employees,” said Lyndsay Grady, director of workforce development at The Chamber. Ms. Grady has several suggestions for companies looking to actively recruit millennials to their ranks: Align your company’s beliefs with your employees’ beliefs. Where does the motivation to work come from? Millennial employees are looking for a company that has the same values and beliefs they do. They are also looking to make a change in the world they live in, so try having a com- pany volunteer day or another chari- table event. Don’t forget to clearly com- municate your organization’s mission, vision and values to your workforce. Show them how their career path will grow. Knowledge is power. Millennials are more con- cerned about the path they have to take rather than the time it will take to complete it, which is why laying out a future career path is essential. Don’t forget to recruit from your existing workforce as it eliminates new hire costs and gives existing employ- ees the chance to advance. Provide educational opportunities. Millennials are look- ing for more than experience from their job, they want to grow their knowledge base. Creating an education program encourages professional development and lifelong learning. 8 • The Greater Scranton Chamber of Commerce Make them feel like they make an impact. Millennials will only invest in your company if they feel you are investing in them. Create a collaborative environment where ideas, questions and comments are accepted and taken into consideration. Try to give them mentors instead of bosses and give them the opportunity to take ownership on projects. Allow for work/life flexibility. Flexibility allows for a comfortable work space—even though it takes trust, allow- ing employees to work from home once a week or to have a flexible schedule allows them to be involved in their per- sonal lives outside of the workplace. Provide perks when when possible. possible. Povide perks Sometimes, it’s not all about the money—having a birthday recognition lunch, a comfortable dress code or discount cards for local businesses are all perks that create the comfortable work environment millen- nials seek. Don’t forget that everyone loves a paycheck. Small incentives and raises will help keep an employee from leaving your business. For more information on how The Chamber can help you adjust your business to shifting generational needs, contact Ms. Grady at [email protected].