{"id":411,"date":"2015-05-10T10:00:19","date_gmt":"2015-05-10T15:00:19","guid":{"rendered":"https:\/\/www.headwaycapital.com\/blog\/?p=411"},"modified":"2020-10-05T16:40:33","modified_gmt":"2020-10-05T21:40:33","slug":"millennials-workplace","status":"publish","type":"post","link":"https:\/\/www.headwaycapital.com\/blog\/millennials-workplace\/","title":{"rendered":"Millennials In The Workplace"},"content":{"rendered":"

Did you know that there are 70 million Millennials in the United States and that by the end of 2015, they will be the largest generation in the workforce?1<\/sup><\/p>\n

Millennials, also known as Generation Y, are individuals born between 1980 and the mid-2000s and represent one-third of the U.S. population.2<\/sup> They are the first generation to be raised with the Internet, social networks and an array of electronic devices.<\/p>\n

Odds are, at some point soon, you are going to hire a Millennial. But do you know about their unique personalities and what they want or expect from your small business? We\u2019ll map it out for you.<\/p>\n

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What Millennials Want From Your Small Business<\/strong><\/h2>\n

No generation before Millennials have had this much access to technology and infrastructure to share their thoughts, ideas and feelings at the click of a button. Millennials were raised on instant gratification, multi-tasking and working on their own schedule.<\/p>\n

Millennials want three basic things from their employer:<\/p>\n

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1.\u00a0A Small Business That is Innovative\u00a0<\/strong><\/h2>\n

Millennials witnessed the evolution of technology, so they have the innate desire to innovate in all aspects. In fact, 78 percent of Millennials were inclined to apply for a company when they learned the company had innovative inclinations.3<\/sup> Encourage innovations and advances and watch your applications start rolling in.<\/p>\n

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2.\u00a0An Owner Who Strives to Make a Difference<\/strong><\/h2>\n

When it comes down to it, the primary work goal of Millennials is making a difference. An astounding 63 percent of Millennials donate to charities and 43 percent are members of community organizations.3<\/sup> In the workplace, these individuals thrive when their employers are as passionate about giving back as they are.<\/p>\n

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3.\u00a0The Opportunity to Be a Leader<\/strong><\/h2>\n

Millennials are most comfortable when they are multitasking, collaborating and taking advantage of the opportunity to lead. One in four Millennials request a chance to showcase their leadership skills.3<\/sup> These individuals have the desire to be leaders and want to work for a small business that will allow them to operate as frontrunners. Additionally, 75 percent of Millennials think their companies could do more to encourage leaders3<\/sup> \u2014 so start today!<\/p>\n

Knowing what Millennials want, how can you prepare your small business to accommodate them?<\/p>\n

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How to Cater to Millennials In the Workplace<\/strong><\/h2>\n

68 percent of recruiters said it was difficult for their organizations to manage Millennials; but it doesn\u2019t have to be that way.4<\/sup> Millennials come equipped with a different skill set that is both advantageous and valuable for your small business. All you need to do is nurture these assets. Here\u2019s how:<\/p>\n