Equipped with strong opinions, a progressive sense of independence and a cause-driven mentality, millennials are causing many a headache for business owners the world over.
Whereas their predecessors might have relished the prospect of the occasional raise or promotion, millennials see the workplace quite differently – not as a means to an end, but rather as a place with the potential to add enormous value to their lives.
As such, this is a generation in possession of ever more prolific CVs – epic tomes that read much like a Twitter feed, featuring short bursts of gainful employment at what have quickly been deemed unworthy workplaces.
Unwilling to compromise on their professional ideals and acutely aware of their powerful position in an ever-evolving business landscape, millennials present a perplexing conundrum for today’s business owners, who are no longer simply able to rely on the allure of a well-lined bank account in order to retain top talent.
Turns out a positive working environment is in fact a far more compelling proposition for millennial employees than an enormous pay check, with studies suggesting that around 60% of all 2015 graduates would happily settle for a lower income in exchange for a great corporate culture.
But what does said corporate culture entail? It’s all very well to be getting a bargain bin rate on workplace satisfaction, but how do you actually go about meeting the demands of this complicated generation? Turns out, it’s not quite as difficult as you might think.
Here are a few simple and cost-effective office perks that can do wonders for workplace wellness and help you to hold on to those mercurial millennial employees:
WEALTH IN WELLNESS
Millennials take their physical and mental health seriously, all too aware of the perils of office-induced stress. As such, if you want to keep your star performers on your payroll, you’d be well advised to offer them a few simple ways to take the edge off. Whether you invest in napping pods, the occasional work weekend away or a selection of gym equipment, it’s important that you give your employees an outlet through which to reduce their stress and maintain a healthy lifestyle.
TOOLS OF THE TRADE
If you want your millennial employees to feel appreciated and fulfilled, it’s important that you empower them with the tools to perform at their peak. Standard-issue PCs and tediously slow servers will no longer cut it – today’s employees want to get the job done, and that means doing so on devices with which they feel most comfortable. So whether it means adopting a comprehensive BYOD policy or performing an office-wide equipment upgrade, it’s vital that you reduce any technological obstacles that might hinder the progress of a generation enamoured by achievement.
EMPOWER THROUGH EDUCATION
Stagnancy is one of the millennial generation’s biggest phobias, so should there be any hint of inertia within your office walls, you’ll likely see them running for the hills. To keep your employees happy, you’ll need to keep them mentally stimulated, offering them outlets through which to improve their skills and develop new ones. By affording your workforce access to various educational initiatives, you’ll help them to feel less boxed in and restricted by the parameters of their current role, and get yourself a far more capable employee base in the process. Win win!
Flexibility is an absolute non-negotiable for millennials, who tend to despise being told what to do. Not only that, but they also understand the need for a healthy work/life balance, and are thus more inclined to adapt their work schedule around their lifestyles rather than vice versa. This is a frightening and frankly unfathomable concept for business owners of the more traditional ilk, accustomed to strict dress codes and even stricter working hours. But by giving employees your trust and loosening the reins somewhat (within reason of course), you’re likely not only to up your retention rate, but also your overall productivity.