Millennials aren’t lazy, entitled know-it-alls — that’s just how they have been marketed to the general public. For the most part, they’re highly educated, optimistic and achievement-oriented.
According to statistics, millennials are positioned to make up 46 percent of the U.S. workforce by 2020, which means employers planning for a small business and making a small business hiring strategy will need to enhance their techniques to get Millennial employees to stay on the right career path. This new group of workers isn’t looking for the same career experience as previous generations, millennials will require a completely different approach to recruitment and retention.
The Millennial workforce will be a valuable asset to employers who learn how to tap into its needs. Millennials probably won’t be found in a command-and-control type of environment. Millennials seem to thrive in a workplace environment that mixes characteristics like flexibility, where they can find a less structured environment, with more freedom to set their own schedules and work both in the office and remotely. If your company can provide opportunities for Millennials to customize their daily career experience, the workforce of the future will be searching for you.
Completely changing your work environment to accommodate Millennials is probably not realistic. Also, just because Millennials thrive in a different kind of environment, doesn’t mean you should ignore your other employees’ preferences. You probably have employees who still prefer a structured, team-oriented environment, and that is just as important. Just keep in mind that to grow your company you will probably have to have a certain amount of youth incorporated into your workforce. That mix of experience and future is one of the keys to a stategic business planning for continuing success.