DR. JEFFERY'S RESEARCH UNCOVERED THE FOLLOWING HIGHLIGHTS:
Millennials are causing quite a stir in the workplace. As 75% of the workforce by 2025, they are here at 88 million strong. This coupled with the fact that only 18% of Millennials plan on staying with their current organization over the long term, highlights the importance of establishing a bridge-building plan for organizations with the greatest potential in leveraging the current multi-generational workforce. An organization with the ability and agility to adapt yet maintain integral parts of its DNA is essential to retain top quality Millennials that work with other generations and continue to build a sustainable organization that withstands this generational transition. With Millennial turnover costing the U.S. economy $30.5 billion every year, these factors become critical to an organization’s ability to thrive and innovate.
A SENSE OF BELONGING
Millennials have a deep longing to belong, a longing for community and the desire to feel safe. 71% of Millennials desire for their coworkers to be like a second family. When they feel like they belong to a team, they feel like they belong at the organization, which leads to a more productive, healthy team and a longer commitment to the organization.
COLLABORATIVE CULTURE
As the Collaboration Generation, they have been on teams since they could walk and believe they are better when they work together. Collaborating means they are part of something bigger and have people beside them as they pursue the end goal. This creates trust and a sense of purpose both of which contribute to a healthy culture. When a company has a high-trust culture, employees will have 50% higher productivity.
NEED TO HAVE VOICE
Millennials need to be heard. Decision-making cannot be done in a vacuum. Hearing all perspectives is necessary and helpful. Lack of voice can lead to disengagement and high turnover.
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