If you are a GenX or BabyBoomer business owner/ leader you may want to read this post
I am just flabbergasted by how many fellow business leaders belonging to the above-mentioned generations who are not embracing Millennials in the work place. They are outright shunning them because Millennials are “lazy, entitled, pampered, unreliable, immature” and so many other not so nice things.
This is just crazy! GenX and BabyBoomer business leaders behave a bit like the last generation of dinosaurs – they may not know it, but they will go extinct eventually. Millennials represent the majority of the workforce already. It will not be long before GenZ folks are knocking at business doors seeking employment. Are you going to shun them also?
The most resistant business managers claim the following two key reasons why they do not want to adapt their businesses to be more inviting to younger folks:
- Managing Millennials costs too much money. They need more management resources and attention.
Counter argument is that you will need plenty of structure and training anyway as your organization grows.
- “If I spend more money on training new people, I will need to pay them more, or they will leave me for better employment.”
Counter argument is that what if you don’t pay more or train and the people stay anyway?
Here are the top three things Millennials look for joining and staying at an organization:
- Purpose: You provide a reason why they should spend their time at your place. “Is my time spent here worth my time and am I making an impact?”
- Structure and career path: You provide a clear career path through your organization and you interview and onboard with plenty of documented structure.
- Flexibility: You provide a work place where productivity, creativity, and collaboration is rewarded – not just butt in chair time.
Do those three items cost you in preparation and execution time? Absolutely. Realize though that you are not only doing this for this one generation. Employee research has proven that the former generations love and embrace those key items as well – they were groomed to not actively ask for them. Millennials on the other hand listened to their parents and thus do not expect company loyalty and they have been immersed in technology from an early age.
The younger workforce of today is starting to displace the older business leadership generation. Don’t be a dinosaur. Stop working in your business trying to make it another day. Start working on your business and adapt it to embrace the younger working generation. The older workforce will love the changes to and you will be able to show it to your CFO due to a greater profitability through higher employee engagement, which elevates productivity.