I’d like to think I’m near the forefront of the millennial movement in the workplace, it’s not happening fast enough for me! A huge shift in employee experience is coming. Companies will have to trade in their 9-5, business card, white collar expectations for t-shirt wearing, 4-day-work-week, technology mogul millennials. It’s already happening. Since millennials were let out into the workforce starting at the turn of the century (lol) it’s been change-or-die. More than half (57%) of companies listed on the Forbes Best Places to Work list in 2007 are no longer on it. Companies like Starbucks, Nike, Microsoft, Ernst & Young, Proctor & Gamble, Qualcomm.
millennials just wanna have fun
In the workplace, millennials value transparency, collaboration, meaning, and fun. Yep, we millennials expect work to be fun. Oh, and we’ll get it. Why? It is estimated that by 2030, the workforce will see 3 (entitled) millennials for every 1 non-millennial! Currently, 71% of millennials want their co-workers to be a second family and 81% of them say that work-life balance is the key to employee happiness. 88% of millennials want a fun and social work environment, in retrospect, only 60% of baby boomers were looking for fun. Millennials don’t have the work ethic of baby boomers (but in our defense, we’re more productive) — you won’t see us grinding the same job for 20 years. If it’s not the right fit, a millennial won’t hesitate to pack up their 📱& 🎧; you can keep the box. 👋
Companies can also grow rapidly by better engaging millennials, right after you wrangle us into your organization in a manner that is compelling and consistent with our distinct values. That is a freaking mouthful. But hey, we’re a massive group of highly intelligent and productive people who all have similar expectations. It comes as no surprise that “culture fit” is a major decision in joining or leaving an organization. Investing in employee engagement is a two-way street; paying for top talent and offering substantial perks has a benefit of its own; increasing employee engagement investments by 10% can increase profits by $2,400 per employee, per year. (Glassdoor, via Workplace Research Foundation).
That’s why it’s so important to invest in culture cultivators and environment leaders. They are the glue that sticks your organization together. They make the most incredible relationships, amazing relationships! Better than any relationship anyone has ever had in the history of the world. These experts must have extremely high emotional intelligence and a personality that welcomes and attracts. Their job is to understand what employees are thinking and translate that into an ever changing, expertly crafted, organic workplace culture.