1. Millennials don’t work for you, they work with you
Pro tip: Start this movement by shifting your internal language
2. Embrace intraprenuerialism and disruptive innovation
Intrapreneurship is a relatively new concept that encourages disruptive innovation and creative thinking from internal employees. If your business is the first to identify a market game-changer then you have the opportunity to lead the industry rather than wait for someone else to do so. Why was Dollar Shave Club such a success? Founders Michael Dublin and Mark Levine saw an opportunity in a market that was ripe for disruptive innovation. The biggest mistake made by Schick and Gillette and other industry giants was that they didn’t think of it first by embracing a culture of intrapreneurialism. One in five millennials today say that they want to quit their current jobs and projects, according to Buzz Marketing Group. Rather than seeing millennial entrepreneurs jump ship, the smart thing to do is to encourage that independent, entrepreneurial spirit internally. At 3M, often considered one of the most innovative companies in the world, employees are encouraged to spend 15 percent of their time working on ideas that they think might benefit the company. Talk about a culture of intrapreneurship.
Pro tip: Begin offering monthly or quarterly creative brainstorming sessions for employees to share their ideas and try to solve industry tension points
3. Millennials work smarter, not longerAccording to Daniel Franklin, executive editor of The Economist, who was interviewed for Yahoo Finance, millennials aren’t putting in long days just for the sake of saying, “I stayed late last night.”
According to Pew Research Center, 64 percent of millennials would like to occasionally work from home and 66 percent of millennials would like to shift their work hours.
Pro tip: Base performance on work output not time output. Have an open conversation with the leadership team about what the typical workday looks like and what room there is for flexibility
4. Inspire continuous learning
Pro tip: Ditch the 100-year-old HR training program and adopt a new LMS that aligns with both the digital connectivity of millennials and their desire to be continuously learning and improving their skills
Next time you are in a leadership meeting and your colleague begins complaining about those millennials in the office, remember that aligning with new workplace trends will drastically increase your morale in a multigenerational workplace. Explore new ways to embrace your millennial employees, ask them to help foster your culture and ideas, and create a space where they can help your company excel. Because if not, you might find that your greatest brand ambassadors are leaving for another company.
Leah Swartz, Content Specialist at FutureCast®, contributed to this post
This article was written by Jeff Fromm from Forbes and was legally licensed through the NewsCred publisher network.
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