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How the Millennials Are Changing Business Culture

Posted by Debra Steele on June 1, 2016

Topics: Talent Management

In the modern economy, Millennials are a force to be reckoned with.

They are changing workplace culture in ways previous generations never even dreamed of. If you want your organization to be relevant in the future, they need to be on your team.

From television and music to apps and devices, the world caters to the needs of this large and influential group. One other area that Millennials are ruling is the business world. Millennials now account for a large percentage of the total workforce — and have completely altered the corporate landscape.

What is truly challenging is figuring out what this next generation of workers wants from their employers. Figuring this out can give your organization an edge when it comes to courting the up-and-coming talent that will shape innovation and policies in the future economy.

Here’s a look at the five ways Millennials are shaking up the workplace:

They Want What’s New
Millennials are so over doing things the old way! This generation does not go by the book when it comes to the workplace. How could you expect a generation that was raised on mobile devices to ever do anything by the book? Managers need to research the latest tools, technologies and schools of thought when it comes to day-to-day workplace operations.

Younger workers want to be able to achieve more in less time with help from automation and technology.

They Are All About Communication
Millennials want to make business personal. Think about all of the social networks, apps and crowd-sourcing platforms that have sprung up in the past five years. The one thing that all these things have in common is community.

 

Millennials really value cooperation and group efforts. They also want there to be true meaning and interpersonal value behind what they do. When it comes to a workplace setting, Millennials don’t want the stiff, impersonal culture that the previous generation put into place.

They Want Better Titles
Millennials in the workforce pay a lot of attention to job titles. This is the era when a person who takes orders at the local sub shop wants to be referred to as a sandwich artist. It is important for managers to create engaging job titles for the generation entering the workforce if they want to engage them.

They Want to Keep Learning
Millennials don’t want to stop learning just because they’ve landed a full-time job. This generation knows that pursuing advanced degrees and training plays an important role in professional development. One of the most important things an organization can do to be attractive to young professionals is to offer education and training programs.

This is especially important when it comes to attracting talent because many of the most desirable recent graduates want to keep earning more degrees. It can be very difficult to choose between the benefits of earning another degree and the advantages of starting a career at a young age. These professionals look for a workplace environment that allows them to balance continued learning with a career. Organizations and companies that support learning by offering monetary sponsorship and time off for studying can cultivate a competent, empowered workforce.

They Don’t Want More Student Loans
It is common knowledge that the generation graduating from college today is leaving campus with unprecedented levels of student debt. Many of these graduates are afraid to enroll in post-graduate learning programs because their finances are already drained. This reality presents a unique opportunity for organizations looking to attract the best and brightest talent.

Employer-sponsored learning gives young workers opportunities to gain more education, training and relevant skills without going further into debt. Organizations that offer these perks can use them to gain a competitive edge in hiring talent.

 

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