This is the third of a series of posts this week about the new board I created, why I am doing it, and what I’m trying to achieve in the long run. If you’re interested in posting a job on my site, fill out the contact form above. This is a re-post from 10 months ago that holds true as of now.
The Pew Research Center did a survey on millennials. The results were not surprising, at least to me. Here are the key points to remember for this post:
- Millennials have fewer attachments to political parties, unions, and religious affiliations.
- Millennials are most burdened by financial hardships than any generation, but are the most optimistic.
- Millennials are less trusting than older Americans.
Put this in HR/Recruiting terms: millennials will get their advice from their inner circles, are entrepreneurial, and they want to set their own agenda. What the survey does is provide a guide to recruiters/HR/hiring managers on what to expect of the new generation of worker.
Done are the days of loyalty and time. Most of the millennial workers want to get things done and want to make an immediate contribution. Company branding, benefits, and perks are not as important, but projects and people are. This is where companies and organizations need to be careful. What millennials really want is tons of projects to work on for the company. Millennials want to be challenged, they want to be helpful and get things done. They don’t want to maintain a project. If you have none of the projects that peak their interest, they will likely walk. This is why now almost a simple majority prefer working on a temp/freelance/contract basis because they want to do the work that leads to their ultimate goal, which is starting their own company or find a company that has the people, culture, and challenges (basically a place that align the stars).
This is where your workplace culture is important. If your workplace is collaborative and proactive, chances are a millennial would want to work there. However, if it’s bureaucratic and involves hierarchy, a millennial, at best, will only stay for a couple of years. This is why the government has a hard time getting young workers because of not only for their workplace culture, but their tedious application process. All the branding and advice from friends can’t cover that.
Is most of it, I mentioned, a generalization of millennials? Yes, but if you want to get into the mind of a millennial, you have to think one. Being online, have conversations, tell stories to relate to them only scratches the surface. Tell them what’s upcoming for your company. Millennials have ideas they want to share, but don’t know the details on how to do it. It is up to businesses to give them a platform to formulate their plan.
We are working in a rapidly changing environment and one thing the Pew survey didn’t mention is that millennials have more choices and more affordable resources than any other generation because of technology, but this also means more independence for the millennial to have their own projects.
It is true millennials want culture fit and career opportunities, but the most important thing for millennials is how many opportunities they have. In the millennial mind, working for a company actually limits the number of projects. Projects are the best way to learn because they get to do something and that’s important thing for a millennial.