By 2020, millennials will make up 35% of the global workforce, experts predict. And Gen Z (born mid-1990s to the early 2000s) will supposedly make up 24% of that population.
Many corporate companies in South Africa are made up of millennials – yours is probably too! And two years from now, the number of millennials in the workplace would probably have doubled.
However, there is a continuous debate around millennials in the workplace – are they efficient and loyal or lazy and procrastinating young adults, making them sure to quit when deadlines are looming?
First, we need to understand them so that you can ensure you get the most out of your millennial employees. Let’s look at what they reportedly want in a workplace…
As much as it’s not widely common in businesses, more employees would like the freedom to choose their working hours.
Can they work from home on a Monday or do they have the option of starting work early so that they can leave early and escape peak-hour traffic?
Flexible working hours are a major bonus and will mean that they have more time on their hands to do other things that are important.
This year, VAT increased to 15 % and the price of petrol these days seem to fluctuate frequently.
Millennials want to feel financially secure in order to meet their lifestyle. Some of them are probably still paying off University loans or paying Black Tax.
This is why certain job roles that include a decent salary and company benefits such as petrol allowances, a retirement fund or even medical aid if your company can afford to, may play a major factor in them choosing to work for you.
It’s all about positive workplace culture.
An article by Business Essentials states, millennials have previously been stereotyped as career-hopping and didn’t last for more than 2 years at a job.
The truth is if an employee doesn’t feel like their employer is loyal to them, they do not feel like they need to stay – making it easier for the employee to job-hunt.
Add benefits like being able to claim back working hours if they’ve worked over-time or receiving a small bonus if they’ve performed well in one of their tasks. If they feel valued and appreciated for their efforts, there won’t be any reason to leave.
Not good enough
A 2018 survey conducted by Deloitte states that fewer than four in 10 Millennials (36 per cent) believe they have the skills and knowledge they’ll need to thrive.
And with the inflated costs of University fees, many of them could probably not afford to enroll for a qualification.
Millennials and any other employee will work hard if they are motivated and feel secure in the workplace. You may not be able to cater to their every need but you can start somewhere…like a Corporate Soft Skills Training course to give them the necessary soft skills, which were not taught at university.
To develop as an individual to be able to interact effectively with clients and their colleagues as well as in their personal career. Technology has impacted millennials’ social skills tremendously and this has affected the way they interact with others.
Lifeline Corporate offers a variety of soft skills courses such as advanced self-awareness training, effective listening and communication skills and many more which will boost staff morale and reap many benefits for your company and is especially aimed at training these young graduates.
Why not get in touch and see how we can further help your company?