Technology Companies Take Note: Millennials Want A Work Culture Based On Five Principles
(3BL Media/Justmeans) – Millennials — the 20 and early 30-somethings that everyone is talking about; who are closely linked to technology’s rapid ascent; and who are expected to make up 50 percent of the workforce by 2020 — have become more than a demographic age group. They are associated with a new way of looking at the world, possessing a mindset that says there has to be a way to make life easier, faster, more flexible and efficient, a way to make the way we interact with the world more personal, inclusive and intuitive. Their thinking also permeates into their attitudes about working life.
Five years ago, a salary was expected to be the number one driver of career satisfaction, but a recent study by PayScale shows that there is a dramatic shift underway with this generation, especially due to working in technology and software, where their job satisfaction comes from knowing that they're making the world a better place. A sense of meaning is important to them, along with job meaning and satisfaction. These elements will have a big impact on companies and how they will manage to attract and manage these workers. There is now growing competition between companies to be able to lure the best millennial talent and will need to create a certain workplace culture.
Millennials want a work culture that they can be part of, as they are looking for positive workplace values, based on five key principles: flexibility; on the job training, being valued; a healthy, safe work environment; and sustainable green practices. Many regard millennials in the workplace as being impatient, entitled and not willing to put in the time and hard work needed to succeed. However, this doesn’t mean they aren’t hard worker. On the contrary, they will work hard when an employer is serious about investing in their skills development. Millennials appreciate that meeting deadlines and client expectations are a priority, yet they want to have choices on how, when and where they work on things. Flexible schedules, workstations, the ability to work from home and dedicated vacation and sick time are appealing for them.
They also expect on-the-job training, considering it an investment being made in them, and is part of feeling valued. Millennials also want regular feedback along with opportunities to be part of decision making processes. Moreover, the pride a company takes in its environment, health and safety initiatives is very attractive to millennial workers. In addition, they want to reduce public risks and this ties in with their desires to work for an ethical and socially responsible company. They are steadfast in their desire to make a difference in the world and want to work for a company that’s committed to sustainable and environmentally-friendly business practices.
A report from WeSpire reveals 75 percent of millennials are interested in the sustainability efforts of their coworkers and employer! Technology and software companies especially will need to work hard to ensure that they can create a meaningful work environment to attract this generation of the workforce.
Photo Credit: Elizabeth Hahn on Flickr