Photo Courtesy: ICX Association
Before we move on to discuss what millennials expect from workplaces, let us first elaborate upon why we chose to discuss this topic. Many people who prefer working and running their business the ‘old fashioned’ way have some sort of mental derision for the millennial workforce. There seems to be a silent cold war between the millennials and the generation before, as to who will now claim the corporate world.
Well, the facts indicate that by 2020, 40% of the workforce will be taken over by the millennials. Since different social conditions produced this generation, they have different predilections when it comes to workplaces. In fact, they have a very different style of approaching work.
The new generation does not lack talent or genius or determination – it simply requires a certain amount of individuality and control at the workplace. The post-World War II era produced a generation that could completely dedicate itself to an idea and be loyal to it for decades. The pre-millennial worker was hardworking and could allow himself to be completely consumed by the company he worked for. This certainly had its own advantages, but this is not how the new generation works and companies should learn to cope with this if they need to motivate their workforce.
The brightest companies are already employing means to make their younger workforce more motivated because they understand their current and future dependence on it. New statistics reveal that millennials don’t really conform to the conventional idea of a boss constantly telling them what to do, they want their boss to be a figure that guides them, inspires them, and coaches them. They prefer not to be surrounded by cut-throat competition, but require a cooperative and collaborative workforce that strives to work together.
Research also indicates that co-working and shared offices are extremely popular among the millennial workforce because they fulfill many of the expectations that millennials have. They do not have the monotonous environment of a conventional office and allow people to connect and grow together in a professional environment.
The world is changing every second, and if firms don’t want to be dinosaurs of ages past, it is advisable that they learn to empathize with the new generation and strategically implement workplace themes that keep their workforce motivated.