You don’t have to search hard to find a joke made at the expense of Millennials. While it’s all in good fun, it does paint a negative picture of this particular generation in regards to their employability. However, upon closer examination, we can start to understand what makes this generation tick. The problem may not be them, but our core values as a business.
What Millennials Want from Their Employers
This generation demands a socially conscientious company. That can mean any number of things, but they usually come down to one thing — people before profit. More specifically, Millennials are looking for companies committed to:
- Respecting the environment in which we live
- Providing a living wage
- Offering paid maternity/paternity leave
- Flexible schedules
- A diverse workforce
If we want to employ this newest generation in the workforce, we have to recognize the validity of these desires. They have seen the way their parents struggled. They know what their classrooms looked like in terms of a disadvantaged population. Also, they know they need more than a minimum wage to pay down student loan debt while paying rent. Social media daily shows them the effects of pollution on this planet from people living and working within those environments. Millennials want a company that can do better.
Millennials and Company Loyalty
There’s a reason Millennials job hop. If they can’t find a company that aligns with their personal values and goals, they leave. They aren’t always leaving because they want more right at that moment, they’re just recognizing early when something won’t be enough down the road. In fact, when surveyed, the majority of Millennials claimed that they would take a pay cut if it meant security.
On the other hand, Millennials are a generation full of young people willing to sacrifice comfort and stability to start something new when needs can’t be met. If we want to employ these young people with energy, integrity, creativity, and innovation, we have to start looking at our businesses and how we can appeal to them by mirroring what they value.
Millennials and Work Ethic
There’s a common misconception about this new generation in the workforce. Millennials don’t necessarily have a poor work ethic. They just don’t want to devote their time to employers who they believe have poor ethics.
We must ask ourselves what we can do to improve the lives of our employees. If these changes worry you, consider that they could find or even create a business that will align with their values to recruit high talent that competes with your company. Businesses have to be the change to continue to thrive.
Ted’s commitment to personal improvement has shaped his life and career. For over 20 years, he led ILSA’s innovative professional development program in addition to playing a active leadership role in the company. In 2016, he returned to his roots in broadcasting to host the Spot On Insurance podcast, which explores the latest trends in insurance and insurtech.
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