Millennials and Small Business

Millennials at Work

Ah those tech savvy, free-spirited millennials. If you don’t have a millennial already working for you, then you probably will soon.  While generation Y, is inundated with student debt and the prospect of a recession strained economy, they are the backbone of many companies rising companies and present incredible potential for small businesses.  Millennials exhibit many traits that can be an asset to any small business plus they are attracted to many workplace features that small businesses can offer them.

 

Put Me In Coach

Millennials love to be coached. Millennials want to be guided, trained and know as much as they can about something. They’ve been receiving feedback and advice on everything they’ve been doing and have done since they could walk – the outcome is simple; they thrive on frequent communication and collaboration. A recent Microsoft survey says that 65% of millennials prefer to communicate face-to-face with their managers. This face-to-face preference and desire for personal interaction is a well liked facet of small business.

 

Customization is key

Not too surprising, millennials love customization in their personal life and workplace as well. The drive for personalization for millennials also manifests itself for their desire to use their own technology devices in the workplace. If you want to attract top talent, business owners need to think about the technology that will enable their employees to do their best work; not just get the work done. Small businesses can be a great fit for millennials as you can be agile and adjust their roles and responsibilities to suit each employee’s skills and interests.

 

Work-Life Integration

People talk about flexibility or unlimited vacation schedules, but its about much more than the sum of hours people work. Millennials want to bring their authentic selves to a workplace that reflects who they are. Today’s younger workforce has an independent mindset; they’re drawn to a company with a strong mission statement and even stronger values. Millennials gravitate to organizations that trust them to deliver – that’s where they thrive and put forth exceptional quality.  As small businesses continue to increase their hire of millennials, they will also need to adapt to the way this workforce operates in order to get the most out of them.

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