Employees rely on the corporate cultures that leaders build to grow their careers. A passive corporate culture will fail to awaken the fire within open-minded and goal-oriented Millennials. To fully utilize the young professional generation and ignite their entrepreneurial spirit, businesses need to shift their cultural focus from one of compensation.
The Millennial generation does not look for positions that keep them afloat; they want to enjoy their work and the companies that they work for. A recent study showed that almost two-thirds of millennials would rather make about $40,000 a year in a job that they love than $100,000 a year at a job that they find boring. Making an impact and knowing they are essential to a business is crucial.
Businesses that create working environments supporting day-to-day collaboration appeal most to junior employees. Digital tools make it easier than ever to achieve this. Peerceive® is a SAAS program that fills the recognition gap from hire date, first service award milestone and any day in between via colleague interaction. Reinforce positive communication between co-workers; increase trust and inter-personal relationships by way of colorful badges, fun e-cards and physical rewards.
Millennials are the future of business. Utilize their need to achieve and watch your organization soar to new heights.