By 2025, 75% of the global workforce will be made up millennials, and businesses need to expand and evolve to remain relevant with this adventurous generation.
Described as restless but innovative, entitled but motivated, self-absorbed but great team players, millennials are imbibed with different motivations, technological skills, and job expectations, this generation is turning into the most significant catalyst for workplace transformation. From open office plans and remote teams to learning opportunities and workplace policies, businesses are always seeking new ways to stay relevant to this demographic.
Research by PowWowNow has revealed that 70% of this workforce want flexible working options, and that 64% of Millennials wish to work from home, and another 66% would like to be able make their working hours more flexible.
In 2014, The Flexible Working Regulations established the right for employees in the UK to request flexible working, driving a lot of young people to become freelancers and work from different places – may it be from home, a coffeeshop or even a beach in Thailand.
A research study conducted by Deloitte found that there was a strong correlation between flexible working offering and employee loyalty, with over 55% of millennials expected to stay more than 5 years when given more flexibility at work.
For those who do remain in an office environment, an emphasis is being put on work culture with 52% of millennials claiming that a positive work culture is important when they choose to work for a company. Social tools have created a culture of instant gratification and impatience among the millennial generation. Accustomed to information and immediate feedback at their fingertips, they expect the same level of continuous engagement while collaborating with their teams and employers at work.
As a generation that has seen the fastest rate of technological development, millennials expect their workplace to adopt the same technology manner that they have. Increasing tablet use, online diaries and communication functions, allows workplaces to stay relevant, up to date and appeal to millennial job seekers.
Overall millennials will continue to bring fresh ideas, creative inputs and unique delivery plans so it is essential that your businesses learn to develop and grow along with the future workplace generation.