Baby Boomers Beware! Millennials are the new driving force of the corporate world. Unlike their parents or grandparents before them, they bring different values to the workplace, where life-work balance is quintessential and often over-rides pay scales and attractive benefits packages. Those who came before have never seen a generation like them. They require respect as individuals and need their ebb and flow, rather than stagnation in traditional corporate rhetoric. Personal creativity, acceptance of their contributions, mentorship and constant innovation are essential to this group of individuals. They are the next generation of human capital whose future value can be enhanced through investment. Companies like Google, Mars, Amazon, and a myriad of others have become synonymous with employee retention and what has become known as “Corporate Bliss”. The many reasons why just might inspire wisdom previously thought to be myth or hoopla. With significant work-life balance concepts, liberal vacation days, pet policies, and career advancement programs designed around the individual, modern companies have taken employee retention to all-time highs. Millennials are more likely to set the bar higher on their own if allowed to be creative, think outside tradition and be more at ease in their workplace. They require flexibility of their time, unrestricted mobility and a more relaxed work environment to reduce stress levels.
- Google encourages creativity and innovation by creating an environment where collaboration and work place design are the backbone of their corporate structure. An enormous food court, game room, outdoor commons, gardens and a variety of lounges are all perks offered to Millennials.
- Mars, the dog food company, instituted a gracious pet-at-work program allowing employees to bring their dogs to work, making the environment less stressful, more harmonic.
- EF Education First created a mentoring program for Millennials where they are paired with senior-level personnel throughout various departments. This program also doubles as a one year management course to produce more effective management teams.
With innovative concepts being required by Millennials, the corporate world will need to think beyond tradition to attract and retain these dynamic individuals. The sky is the limit for a company which is able to grasp this ever-changing and divergent culture known as Millennials and maneuver them to successes never before achieved. For more information about how we may help with your Human Capital Management needs please contact us.
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