Catch them young!
THE MILLENNIAL WORKFORCE LOOKS FOR FLEXIBILITY AND WISHES TO CONNECT
TO A LARGER PURPOSE.THE KEY IS TO MANAGE THEM WELL
The
millennials in India who are accounting for over half the work force, are more
educated than the previous generation with high expectations.
We
are living in a country which is proud to have diversity, and coming from
different culture and states, most of us have family backgrounds wherein the
grandparents are not well educated, but have great family values, while parents
are better educated.
Now,
we have come to the mammoth task of managing millennials in our country with
diversity . Therefore, we have to be thoughtful about how we manage the
millennials, as it is expected that when the economy turns around, the
voluntary turnover is likely to increase, hence, the employer has to take care
about the millennials. Only 18% of millennials think they have a future in the
field they are presently working in, hence, employers will be forced to go to
the market to recruit new talent.
The three key
expectations of the millennial workforce are good work-life balance, training
and development and 20% of them seek to move up the corporate ladder faster.
Millennials
have a “cando“ attitude about tasks at work and look for feedback about how
they are doing, frequently . They want a variety of tasks and expect that they
will accomplish every one of them.
For
them, boring is bad.They seek ever-changing tasks within their work.What's
happening next is their mantra. Don't bore them, ignore them, or trivialise
their contribution.
It
is a thinking generation which believes in self-analysis, planning and
prepping. They believe in respect more than monetary rewards, and wish for
their work to be seen and spoken about by their seniors and peers.
Being
born in the Internet age helps them dream big. It is a misconception that they
are not rebellious and want to fight with the system.
Millennials want
flexibility:
They
work well with clear instructions and concrete targets. Give them the freedom
to have a flexible work schedule.Does it matter if they work from home or a
coffee shop or wherever, if that's where they are most productive at? Set
deadlines and if they meet them, don't worry so much about their tactics and
the time they clock in and out.
Get the 'deal'
right:
It's
important for employers to explain not only what they are offering a potential
employee, but also what they expect in return. Think creatively about reward
strategies and what motivates the millennials.
Millennial
employees stand out for being skilled with technology . Not only are they adept
at using technology, but they prefer it.No other generation has grown up
steeped in technology like the millennials, and so what is seen as optional or
gadgetry for older generations is natural and required for millennials.
Technology isn't
novel:
It's
always been there. And just as older generations leapt for new technology
because it was something they were not used to, millennials may crave a
sanstechnology approach in communication. Remember, people and connections are
important to them.
Millennials
have grown up in a “maker-centric“ age in which creating something is of utmost
importance. They are used to having answers and information at their fingertips
as well, and a simple online search can provide them with complex answers to
just about any question. The speed at which they can find answers, feeds into
their need to be creative.Remember, they grew up in a fast-paced information
age, and their attention span might be shorter.
Millennials
are concerned about giving back to the community. Millennials want to feel that
they are doing something to help others. They want to work for a company that has
a reputation for caring about people and important causes, or, at the very
least, allows them to be active in supporting those causes themselves.
Millennials
view work as a key aspect of life, not a separate activity that needs to be
“balanced“. For that reason, they place a strong emphasis on finding work
that's personally fulfilling.They want work to be able to afford the
opportunity to make new friends, learn new skills, and connect to a larger
purpose. That sense of purpose is a key factor in their job satisfaction.
Ultimately,
millennials want to feel that their work and their place in your business has
some meaning.
--
|
Bipin
Kumar Tibrewal
|
The
writer is Group CFO India, Airbus Group India Private Limited
TAS2DEC15
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