According to Forbes, millennials became the largest percentage of the workforce starting in 2015. With so many members of Generation Y already competing in the labor market, you might be wondering what the big deal is. The simple fact though is that many employers haven't yet got to grips with what makes millennials tick. So whether you are a millennial yourself or a dyed-in-the-cloth Gen-X or baby boomer, here are a few things that you should come to expect when new generation Y hires start getting their feet under desks in your workplace. Learn who millennials are and how they will impact your workforce with the 20 tips below!
Millennials want to work where it suits them to work. They believe they should be able to utilize technology to work remotely.
Millennials believe their performance should be measured on output and results, not on where or when they get it done.
Millennials expect to have a say in the terms and conditions of their jobs. They want to influence their T&Cs.
Millennials don't expect to be made to work ten hours per day.
Millennials believe it is the duty of their managers to mentor, coach, and actively assist them to meet their career goals.
Millennials want more time to spend with family, less commuting and less personal pressure than previous generations.
Millennials are heavily goal oriented.
Millennials are often obsessed with moving through the career ranks as quickly as possible.
Millennials are used to doing everything with their peers. This makes them excellent at working collaboratively.
Millennials love to learn and acquire new skills. They place a high value on training and mentoring.
Millennial employees will expect you to give them feedback often, perhaps daily. If you don't volunteer it, they will ask you for feedback.
Millennials are typically creative employees. They are more likely to think outside of the box than previous generations.
One of the benefits of employing millennials is that you can never give them too much work. If their work is insufficient or mundane, they quickly become bored.
According to a recent column in Inc. Magazine (written by a millennial intern), millennials could care less about packages laden with benefits. They are more likely to be attracted by a meaningful mission that they can buy into.
If you are hiring millennials, you better be an honest employer. This new generation of employees wants to follow only the most ethical leaders.
Millennials have more respect for older leaders than their Gen X colleagues ever did. However, they have little time for inflexible, hierarchical organizations.
For the millennial, a life without networking is no life at all. Generation Y needs social networking tools, even in the workplace. Make that especially in the workplace.
Millennials don't deal well with tasks if they don't understand the importance. Be ready to explain the rationale for everything you request.
While millennials love flexible schedules, they still need structure in their working patterns.
Last but not least, millennials are not afraid to stretch themselves, to take risks and make mistakes. They accept that errors are the price of education.
Now you know a little more about what makes millennials tick, it's time to prepare. This generation works differently to those who came before, and they will be in the majority. Embrace the change and build a strategy in which millennials can play the important part they wish to.