Today, millennials dominate the workforce. But there is no such thing as a “job for life” anymore. In fact, research shows that many of these employees move on after just three years. As such, if you want to reduce staff turnover – and the associated costs – it’s essential that you do more to attract and retain millennial talent.
What do millennial employees want?
When it comes to why millennials choose to work for an organisation, and what makes them decide to stay, there are five key things employees can do.
1. Address the work/life balance
For many millennials, wellbeing takes precedence over money and bonuses. So, if your organisation can’t deliver, millennial employees will move on.
This doesn’t mean that you have to offer “early-dart Fridays”, or even adhere to strict 9-5 working. But it does mean that you must do everything you can to make your staff’s workload manageable. For example, deploying the right tech could lead to some easy wins when it comes to helping your employees get more done in less time and reducing the admin burden, which can be hugely time-consuming.
2. Help them to succeed
Millennials don’t just want time to enjoy their personal lives; they also want to do well at work. And they value learning and development.
So, as well as looking at what you can do to improve their work/life balance, employers should also support people and help them to succeed in their chosen careers. This means providing opportunities to grow and learn and giving them the tools and tech necessary to deliver results.
3. Create a supportive culture
For millennials, workplace culture is critical. So you must create a positive environment where they can contribute and thrive. To do this, you could:
- Promote a healthy work/life balance
- Welcome your staff’s ideas and encourage feedback
- Provide the freedom to move about to suit the task at hand (e.g. quiet private spaces, open, collaborative spaces, comfortable break-out zones, lunch areas etc.)
- Get employees involved with the growth of your organisation and give them ownership of aspects of the change process
- Recognise good work and tell them how valued they are
- Ditch the focus on presenteeism
- Promote nutrition, exercise and healthy habits
- Combat poor mental health.
4. Offer flexible and remote working
Millennials have grown up with technology that provides them with access to all the information they need, wherever they are. So, if you want to attract and retain millennial employees, you must look at how you can use modern technology to allow them to work in a way that best suits them. When it comes to millennials, the greater choice they have about where they get their jobs done, the happier they will be.
To facilitate remote and flexible working, look to invest in cloud-based hosted desktops, conference call and video conferencing tech, and instant messaging apps to keep the lines of communication open.
5. Remove unnecessary frustrations
Millennials don’t want to waste time fighting out-of-date and failing processes and tools. And many of them are choosing to leave jobs due to substandard technology.
So, to attract and retain the best people, you must look at what you can do to remove any unnecessary frustrations. Not only will this make your employees happier, but it will also make your business more productive.
If you’re thinking about investing in cloud technology, speak to a member of our team on 01942 261 671 to find out more.