1. Promote a Culture of Growth. One way of managing young professionals in the workplace is by cultivating a culture of growth. Millennials clamor for development opportunities such as being constantly challenged, adopting new sets of skills, and getting a clearer track of their career progression.
Millennials are not fond of substandard practices, they wanted a 4-dimensional positive learning experience. Show them that you are genuinely investing in their growth. Try enrolling them in a class, inviting them to seminars, providing them on-the-job training, or developing their potential to leadership roles.
2. Provide regular feedback. Making feedback a norm will not only give your millennial employees a boost in their morale but it can also help them track their career performance. Give them advice on how they can leverage on the areas they excel in; provide constructive criticism on the things they need improvement.
Also, be open in giving them one-on-one mentoring sessions as they would be more than welcoming to learn. In fact, it can significantly bolster their chances of retention in your company as per the 2016 Deloitte study.
After all, it is not only one-way learning. Millennials are born digital natives thus they can teach you the ins and out of the technological advancements.
3. Embrace flexibility in the workplace. Millennials are changing the way we perceive the workplace as they look forward to breaking the traditional 9-5 work schedule. Besides fluid working hours, they also crave for a modernized office setting and work-life balance—especially the latter.
Millennials succumb to the saying “work to live” which means that even though they have high regard for a rewarding job, they also want to attend to their personal needs and responsibilities.
Mainly, they are looking for an option wherein they can work remotely. You can arrange a flexible time schedule such as allowing them to work full-time or part-time as long as they satisfy the number of working hours and submit everything during deadlines.
4. Imbue Social Purpose. Today’s young professionals are not only after how grand financial perks are on their plates. In fact, they are looking for a company that resonates with their chance of being part of a larger cause more than their job responsibilities.
Millennials are purpose-driven individuals thus they expect their organizations as a channel to breed positive environmental and societal impact.
Try to introduce them to your company’s corporate social responsibility, or expose them to some volunteering events and charitable activities. This will not only encourage retention but will also instill a sense of pride in them.