The 7 keys to inspiring millennials at work, according to Entrepreneur.
The corporate world shaped by Baby Boomers is fast-changing as they retire in droves, and the new generation will not accept Office Space as a workplace reality. Few were in the workforce when the cult movie premiered 15 years ago. What motivates the Millennials? The Millennial generation that grew up on Google, MTV Total Request Live and the Spice Girls now makes up a third of the workforce – and will account for one of every two workers by 2020.
As the CEO of a multi-generational organization heavy on Millennials, of one thing I am certain. This generation of six-second Vine videos, Facebook News Feeds and Instagram selfies is not satisfied getting feedback only once a year during annual performance reviews.
That process needs to be augmented with near real-time feedback on their individual progress, goals, strengths and weaknesses. At a time when only 30 percent of U.S. employees consider themselves engaged at work, which costs businesses a whopping $550 billion a year, companies simply must rethink how they they engage and motivate the workforce. Here are a few ideas on how.