As companies focus on their ability to navigate a constantly changing landscape, understanding how to tap into and manage the next generation of workers becomes increasingly important. In addition, disseminating the process, tools and techniques to senior and middle management who are leading an ultra connected, tech savvy generation focused more on self that success presents a challenge.
Consider Ryo Mukumoto, a 22 year old into his third year making mock-ups at Honda’s research arm when he beat about 400 other entries in an in-house competition. Honda made him the youngest lead engineer in the company’s history and gave him a young team to help translate his ideas into reality. The result is the S660 roadster, a sporty two-seat convertible minicar which Honda is set to begin sales soon.
Do you understand the dynamics behind the millennials working at your company? Embrace the value of having a motivated group within your company but also understand their expectations. Deloitte survey on millennial’s, “Mind the gaps”.
A challenge for any manager today is how to attract and motivate millennial’s.
Steps for Retaining and Advancing Millennials from Bentley.edu
- Let Millennials know that their work matters. (Story: A Bentley intern in a major company loved her summer job because once a week she would visit other departments that used her work. She ultimately learned the impact of her work on the company’s ability to serve its customers, which allowed her to feel valued.)
- Provide flexible work arrangements for both men and women to spend more time with their families.
- Offer parental leave in a way that both parents feel their jobs are secure. (Story: Microsoft offers paternity leave that can be taken all at once or spread over time so fathers can spend time with the family when it is most critical.)
- Take an interest in the individual’s career aspirations by hiring and supporting/sponsoring for career success.
- Create a “work family” that engenders loyalty to the company.
- Create multiple paths and timeframes for individuals to reach leadership positions.