According to a report by Goldman Sachs Global Investment Research, millennials have grown up in a time of rapid change, giving them a set of priorities and expectations sharply different from previous generations.
Creating a conducive millennial work environment is crucial to retention and better-engaged employees. It is estimated by The Business Professional Women’s Foundation that 7 years from now (2025), 75 percent of the global workforce will be millennials. It, therefore, becomes highly imperative to have a solid grasp of what it takes to create a millennial work environment as well as what it should look like. Some of the thing you would need to look out for will be discussed below.
A relaxed millennial work environment pays a lot of attention to good office design and aesthetics; colourful, vintage or non-bland looking office spaces are very attractive to millennials. In a recent survey by Capital One, more than an average total number of respondents (86%) of office professionals believe companies can’t encourage innovation unless their workplace environment is innovative.
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Innovative office spaces incorporate art, gaming and relation areas, lounges, sleeping rooms and amazing office views.
A millennial work environment, which promotes flexible working hours encourages a higher level of productivity, especially when compared against rigid hours. As employees function differently, permitting flexible work hours and remote working arrangements would allow employees focus on the deliverables.
This creates a certain level of ownership to tasks as the employee would have fewer constraints of micromanagement and lead a more innovative career path.
Ensuring a millennial work environment provides vital leadership and vision play a very crucial role in their retention as well as the reduction of employee churn rates. This helps employees buy into an idea and become more committed to the vision of the organisation.
In conclusion, perks like free lunch or breakfast constitute a great attraction in a millennial work environment and it is also important for management to promote a healthy culture of discipline and professionalism. Are you a millennial? What other features do you expect to see in a great work environment?