Discussion around our economy’s future workforce has increased in recent years, as the tail end of the Millennial generation joins the workforce, and the start of Generation Z begins to integrate with the working world. As baby boomers begin to plan their retirement and Generation X sit at the top of the hierarchy, a combination of Millennials and Generation Z formulate the bulk of your on the ground workforce. These two generations represent a new era of talent, creativity and tech-savvy idealists.
Many sectors require talent and expertise in order to thrive, therefore harnessing the best candidates is crucial. Employing Millennials and Generation Z will become part of your long-term business plan. Employers need to understand the importance of nurturing and developing these two generations as future business leaders, as a result they will become as essential part of a businesses succession plan.
So, what motivates and influences Millennials and Generation Z.
How do employers attract these generations and retain them as essential employees?
- Both generations are more confident when it comes to asking questions, making comparisons and challenging the norms. They are happy to express their opinion and value honesty from colleagues and employers. It’s important to show Millennials and Generation Z that their insight and innovative ideas are contributing the development of the organisation.
- Work needs to be enjoyable
- You’ll often find that the future workforce is motivated by whether the work is stimulating and meaningful much more than by money or status. Employers must consider how they portray the overall company experience and culture. Consider incorporating creative incentives as a way of attracting candidates, for example early finish Fridays or pizza Thursdays.
- Flexibility and balance
- Millennials and Generation Z want to have the opportunity to control their own hours and working location. They often expect a healthy work-life balance and this will be considered as one of their imperative priorities when searching for a job. Therefore, companies will need to formally prioritise work-life balance.
Both Millennials and Generation Z grew up in a time of rapid change, giving them a distinctive set of priorities and expectations. By identifying these expectations employers can alter their company ethos, values and culture to fit the needs of potential new employees and future business leaders.
For any further recruitment enquiries please contact the Absolute Personnel team.