In today’s world more and more Millennials are entering the work force. Upwards of 30 percent of US workers today are Millennials which makes them the largest demographic in the workforce surpassing both Gen-X and babyboomers. How can you increase their productivity so that your business improves? Well, turns out the answer to this lies in flexibility. Multiple studies have shown that Millennials value flexibility in various forms at the workplace. It could be in the form of flexible hours or flexible locations to work out of (working from home or taking a work holiday and working remotely).
22 Percent of Millennials in a study have said that they would agree to put in more time at work if the management agreed to give them remote working options. This could be a win-win situation for managers as well as their Millennial Employees, as they could potentially get more out of their workers and at the same time make their workers happy which is something rare to achieve in today’s workplace.
Another aspect of flexibility with Millennials is that technology allows them to interface with the world in an unconventional way but one that is becoming more and more the norm. This generation has grown up in front of screens or at least has been introduced to screens very early in life which for example, makes them more comfortable to communicate via devices rather than face to face.
Yet another factor in today’s fast evolving work culture is the emergence of the gig economy. The gig economy is a part of the labor market that is characterized as short contract work or freelancing as opposed to being a formal Employee. This kind of work allows people to increase their income or to create income from hobbies or personal interests and it is quite popular among Millennials.
But this isn’t a pro just for the contractor but also the business/hiring party. It gives them the opportunity to get work done without having to hire new employees which can be a major expense and commitment for businesses.
Before you consider different options, it’s a good idea to ask your Millennial employees what they actually want because not everyone wants the same things. And Millennials are the generation that have grown up with more options in life than other generations so being asked what they want is something that they tend to like.