By 2020 millennials, the generation born between 1980 and 2000, will comprise more than 50% of the UK workforce. Research suggests that a significant generational disconnect exists between millennials and their older colleagues, which has the potential to cause communication and retention issues for organisations and businesses.
- 57% of the millennial workforce expect to move job within two years, while 40% will move within one year.
- 75% of managers feel they fulfil the role of mentor, but only a quarter (26%) of millennials agree.
- Millennials are also far more concerned about the social dimension of business, with 77% stating that they think companies are too fixated on their own agendas.
While millennial workers are generally loyal to their employers and proud to work with them, attitudinal differences around flexibility, recognising achievement, business ethics and management styles. There are however things which managers and organisations can do to improve engagement with millennial workers:
- Coach, rather than manage, millennial staff
- Better manage career expectations
- Empower millennial staff with greater autonomy
- Embrace new technology and entrepreneurialism
- Think about your organisation’s social responsibility, and how it could be improved
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