The world market is now showing solid recovery symptoms concerning job creation, increasing property values, consumer confidence, etc.. With this much-anticipated worldwide turn-around, companies are abuzz with discussions of a new round of hiring, in addition to how to keep their best employees as soon as they come on board.
Millennials are joining the workforce in record numbers, replacing the workers from the baby-boomer generation, a lot of whom are nearing retirement age. This brand new and younger generation of employees includes a different mindset and value system in their parents. Where boomer generation workers generally valued job security and financial stability, millennials search for career opportunities and job development. Younger employees are motivated more by discovering meaning, material and satisfaction in their work, where their parents were satisfied to be given a regular paycheck, a two week holiday and retirement benefits.
These millenials will remain together and work hard for a company that enables them attain a work-life equilibrium that’s focused on cooperation and the opportunity to work with people whose company they like and that challenges them professionally at precisely the identical time.
It may seem shallow at first, but offering specific perks for this younger generation of employees can be an extremely effective employee retention strategy. All workers like to be valued, but this generation thrives and basks in being appreciated. Their predecessors were satisfied with the occasional thumbs up from the bosses or the well-circulated office memo citing their performance or participation in glowing terms.
In actuality, they do their very best work in an environment which supports and encourages their participation openly. Thus, recreational space in addition to a well-equipped conference room will appeal to them.
You don’t need to go the extra mile and give them a complete variety of snacks or afternoon tea service, but decent coffee will surely be appreciated. It saves them a trip to the corner coffee shop where they need to pay an outrageous sum for their much-needed 3 p.m. caffeine jolt. Providing excellent coffee at work helps keep your youthful employees alert and effective. Additionally, it saves you money over time; these coffee runs can take a significant bite out of the day, time which could be put to better use by working continuously and diligently at their work stations with a cup of excellent office coffee within easy reach.
Create a fun and collaborative work environment for your young employees and surround them with the aroma of freshly brewed excellent coffee alongside other thoughtful perks. It’ll be tricky to discover a simpler and more cost-effective means to earn and retain their loyalty.