In a few years, millennials will make up the biggest segment of the workforce. You will need to know how to attract millennials to your boardroom. This post answers that question.
Kids born in the late 80s to the early 90s — often referred to as Gen-Y or millennials — are all grown up. Many of them have finished college and are now entering the workplace.
This shouldn’t be a big deal — every year, fresh graduates join the corporate world for the first time. But it is a big deal in this case because the current crop of young professionals grew up with the Internet. Thus, they have a different view of and attitude toward technology, and this is something corporate boards need to be aware of.
Millennials were either really young when the Internet first became popular, or they were born after that, so they grew up in a world in which social media, information sharing, and mobile devices are part of the norm. Unlike the generations that came before them, millennials didn’t have to transition to technology because it was already ingrained in their reality from the beginning.
Thus, to attract millennials to your business, your management needs to know what appeals to this young generation. In a few years, millennials will make up the biggest segment of the workforce, so corporate boards need to know how to get the best talents with these provisions:
According to a survey by CompTIA, a non-profit IT trade association, almost 66 percent of millennials use personal gadgets at work, and around 60 percent use a personal app for work. The survey also revealed that BYOD (Bring Your Own Device) is skewed toward younger employees.
Why is BYOD attractive to millennials? Rowan Trollope, a senior vice president at Cisco, said that Gen Y is tech-dependent. For millennials, technology is a necessary tool to help them perform and complete their tasks. This is quite different from a defining characteristic of the preceding generation, Gen X. Gen X-ers are tech-savvy, but not completely reliant on technology if push comes to shove.
Companies wishing to hire millennials should seriously reconsider their policies on personal gadgets in the workplace. With practically everyone (not just millennials) owning a mobile device nowadays, the question should not be focused on how to prevent people from using personal gadgets, but on how these gadgets can be securely used in the for business.
Because millennials grew up exposed to interacting with people via the Internet, the concept of mobility in the workplace is not alien to them. Thus, many millennials value telecommuting, or working from home. They’re also open to working more flexible hours as opposed to sticking to a fixed nine-to-five schedule. With technology, millennials believe they can do their jobs wherever and whenever they are.
According to MTV’s in-depth study, No Collar Workers, 81 percent of 509 millennials they polled said that they should be allowed to make their own hours at work. That’s quite a high percentage which companies can’t ignore. Board directors who wish to adapt to the changing times should look into adopting solutions that allow remote collaboration if they want to offer telecommuting as a workplace perk.
Millennials were among the first who created social media profiles, so it isn’t surprising that they feel strong ownership for their accounts. According to Gen Y Workplace Expectations, a study conducted by Gen Y research and consulting firm Millennial Branding, 69 percent out of 1000 surveyed millennials think that they should own all the rights to their social media profiles, even if they use these accounts at work. And yes, millennials do like having access to social media at work, because for them it isn’t just about having fun online. It’s about making connections, doing research, keeping up with trends, and all other activities that are actually relevant to their jobs.
Instead of blocking social media completely, companies should have a clear social media policy in place to define what’s allowed and what’s not if security is their prime concern.
All these workplace perks will help companies attract fresh talents from Gen Y. But more importantly, they will also provide companies an insight on how changes in the workplace are inevitable due to the influence of technology.
Millennials shouldn’t be the only ones to enjoy all the perks! Empower your corporate board with Convene, a paperless enterprise and board meeting solution that runs on iPads, iPhones, and Android devices. It works with a BYOD policy because directors can choose to use either iOS or Android. It also encourages telecommuting because it allows directors to attend board meetings and access documents from remote locations. Lastly, it works like a social media site in a way because it lets directors collaborate on documents wherever and whenever they are. Doesn’t matter if you’re a baby boomer, Gen X-er, or a millennial — you’ll love new technology once you get the hang of it!