Millennials In The Work Place: Driving Productivity & Innovation From This Unique Workforce Generation

@wheniwork

Driving Productivity & Innovation From This Unique Workforce Generation

MILLENNIALS IN THE WORKPLACE

@TINYpulse

@wheniwork @TINYpulse

YOUR PRESENTERS

Chad HalvorsonCEO

When I Work

Laura TroyaniMarketing Director

TINYpulse


AGENDA

- Why we’re talking about millennials today- Who are millennials- What makes millennials unique- Actionable tips to recruit & retain millennials- Q&A


We don’t want millennials to be a bogeyman

- We have lots of millennials in our own workplace

- Their workplace demands are not unreasonable

Why Are We Talking About Millennials?


Baby Boomers Gen X Millennials

1946–1964 1965–1980 1980–2000

The Vietnam War Watergate 9/11

Born Between

The Cold War First PC’s War On TerrorTelevision AIDS The Great RecessionCivil Rights Movement MTV Occupy Wall StreetApollo 11 Moon Landing Fall Of Berlin Wall Social MediaWoodstock

Core Events DuringTheir Upbringing

Social Involvement Pragmatism Optimism

Optimism Racial Diversity Social TolerancePersonal Growth Self-Reliance FlexibilityWork Ethic Computer Literacy Autonomy

Globalism Social Responsibility

Main Values

Who Are Millennials?


- Millennials make up 80 million members of the US population, and counting.

- They will be 50% of the workforce by 2020.

Who Are Millennials?


What Makes Millennials Unique

1. Money isn’t king: 72% sacrifice more pay for professional fulfillment

2. Good luck keeping them: 43% of millennials plan to actively look for a new job in 2015

3. Flexibility more than a need-to-have: 45% would choose work flexibility over higher pay

4. Do-gooding is on the to-do list: 79% want to work for a company that cares about its impact on society


Actionable Tips to Recruit & Retain Millennials


Open & Transparent Environments

Transparency is the #1 factor correlated to employee happiness. To foster transparency in your organization, consider: - 1:1 weekly meetings - Bi-monthly or monthly company meetings

Be clear about expectations and responsibilities - Move beyond the 1-year performance review - Introduce OKR’s and SMART goals


Onboarding Experience49% of millennials agree that they would like a better onboarding process for new hires - Be deliberate in how you welcome them on week one - Create a 30, 60, and 90-day onboarding plan - Design opportunities for socialization and employee-to-employee introductions


Office & Collaborative Environments

Millennials are changing the way offices and working spaces are being designed. Here’s what companies are doing to accommodate this growing group of professionals:

- Some companies are knocking down walls and making work spaces more open and collaborative.

- Others are adding more communal meeting spaces, kitchens, and break rooms.

- Many companies are adding more standing desks or making existing desks stand-ing-compatible, as well as adding more furniture and other non-traditional options for employees to utilize.


Office & Collaborative Environments

These changes often result in a boost in collaboration among team members, but that’s not the only benefit that companies are seeing:

Changes in office design have [also] helped businesses better utilize space to save money on real estate costs, reducing the average space occupied per worker to 170 square feet in 2013 from 225 square feet in 2010. — Survey by CoreNet Global


When I Work Headquarters


Perks & BenefitsAs mentioned earlier, millennials aren’t just motivated by money alone. They prefer to work for companies that can offer them the right perks and benefits too. To attract top talent, consider these perks & benefits ideas:

- Offer clear mentoring programs within your company

- Provide regular career training/advancement opportunities

- Give them 24/7 access to your employee handbooks, benefit overviews, time-off calendars, etc. (more on this later in the presentation)

- Go above and beyond when it comes to health and wellness. Don’t just give them access to health insurance. Give them resources and technology (like FitBit or other wearable devices) that will allow them to be proactive when it comes to their health


Feedback & Collaboration

This is a generation used to being listened too, so have the tools in place to make this happen

- Introduce pulsing employee feedback surveys - Leverage peer-to-peer recognition tools - Adopt a virtual suggestion box


Work/Life Balance, Flexible Schedule

Millennials also look for and ultimately choose to work for companies that encour-age work/life balance and more non-traditional work schedules. To attract top mil-lennials in the roles you need to fill, decide if it’s possible to:

- Develop some sort of semi-remote option for employees (1 day a week, 2 days a week, every other week, etc.)

- Allow employees to choose their own hours (6a-3p, 8a-5p, 10a-7p)

- Create fun company culture events that bring together employees and their families

- Encourage your employees to take time off if they need to reset


Embrace Technology

We touched on it briefly in the benefits & perks section, but it’s worth highlighting again: millennials want to work for companies that embrace technology. Some things you can do:

- Streamline time-consuming processes (like employee onboarding) by using apps

- Make important information available to your employees 24/7 (we use Google Drive, Dropbox, and a company wiki page)

- Ditch inefficient forms of communication and try new options like Hipchat & Voxer


Live Your Company Values

This is a mission and values-driven generation. Make sure your organization understands and adapts to this:

- Hire, fire, and make business decisions based on your values - Embrace volunteerism - Offer up your product


SummaryActionable Tips to Recruit & Retain Millennials:

- Open & Transparent Environments - Positive Onboarding Experience - Attractive Office & Collaborative Environments - Competitive Perks & Benefits - Commitment to Feedback & Collaboration - Work/Life Balance & Schedule Flexibility - Embrace Technology - Live Your Company Values


Q&A

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Leadership & Management

Millennials In The Work Place: Driving Productivity & Innovation From This Unique Workforce Generation