Ask any of the Gen Y, or Millennial workers, and they’d definitely tell you that work is a chore. The Independent reports that 43% of Millennials plan to leave their current job within two years or less, and only a quarter surveyed plan to stay at their current job for more than five years! Unlike previous generations, the Gen-Y’s don’t settle for less. Lizzo tells us, we need something more exciting, or if we’re tired of the work drama, seek your nirvana. An apt description as many young working adults find themselves job hopping until they find something that they’re truly happy with.
As an employer, what does this mean for you? Brace for it. In ten years, Millennials will take up 75% of the workforce, which means you need to be able to work with Millenials :). With so complaints regarding my generation, here’s my take on what you could do to attract and keep Millenials glued to your company.
1. Keep it Sane.
We get it, you want to make the most of your employees, -keyword here is “multitasking!”. However, for a Gen-Y that has just entered the working environment, this can often times stress them out easily, especially if they feel singled out.
I feel like we Gen-Y’s work best in a team, the product of a contributing effort enabling us to deliver high quality output. We are among the most sociable of generations and often feel the need to belong. With Malaysia being ranked the 4th most overworked country in the world in 2019, measures has to be taken to ensure that your Millennial employee is not overwhelmed by work, instead they feel fulfilled and appreciated for the good job they have done. How this would work out for you? You’d be the understanding boss that understands how to manage them and they feel a sense of belonging to your institution. Hence, they’d stick around longer.
2. Be flexible, live for better work-life balance.
Here are some more statistics that might shock you- this year, Kuala Lumpur was ranked the lowest out of 40 cities when it came to work-life balance! Work life balance for Gen-Y’s is one of the most important things to them. Juggling work, personal life and family ties, throw in the higher cost of living makes for a very agitated and unhappy Millenial worker.
As an employer, you could do your part by being flexible and allowing us to get the groove on working remotely a few days a month for example. That way we’d be able to schedule some ‘me’ time. Point to note, we’re a generation that boasts a myriad of talents due to the advanced ways to skill building with technology. For all you know, by being on the good side of your Millenial worker you'll discover their hidden talents emerge and adds more value to your company.
3. Take care of your employees.
A key trait of a Millennial is the ability to choose, not to be subjected to do. For us, we want to want to work, instead of need to work. Being the by-product of a generation of Baby-boomer parents, Gen-Y’s are often insulated from the harsh reality of real-working life. We need to feel like you care about our general well-being, similar to the way we were brought up.
One of the ways to do this is to provide the necessary health-care for your employees. Incentivize them to stay by providing maternal and paternal leaves, team-building activities, insurance coverage and etc. And most of all, just care enough to check up on them after a sick leave for example.
In the recent haze calamity, you show how caring you are as a boss by giving your tem flexibility to work from home.
In essence, loyalty can be achieved from a Gen-Y worker if they choose to stick around. Try to tap into their hot buttons, as I have articulated above and see them grow within your company.