20 facts HR needs to understand about working with millennials
Below are 20 facts HR needs to understand about working with millennials as reported by Theresa Dew.
1.) Sixty-eight percent would like to be personally called out for their efforts.
HR takeaway: A public thank you makes their day.
2.) For their wins, 52 percent of millennials want individuals awards.
HR takeaway: Group recognition may not fly.
3.) They’re more miserly than their predecessors.
HR takeaway: Because they save and invest more than gen X and baby boomers, retirement programs are a must.
4.) Millennials expect competitive benefits packages and competitive salaries.
HR takeaway: In their eyes, compensation is more than a paycheck.
5.) Half of millennial employees evaluate their benefits options.
HR takeaway: Yes, they’re reading your benefits communications (so make sure they rock)!
6.) Almost three-quarters of millennials are willing to share personal information to get better service.
HR takeaway: You’ll lose ’em with poor service.
7.) The average millennial sends 20 texts daily.
HR takeaway: Consider mobile technology for HR and benefits communication.
8.) Co-creating with colleagues appeals to 40 percent of millennials.
HR takeaway: They don’t want to work alone all the time.
9.) A third of millennials want questions answered in real time.
HR takeaway: A frequently updated intranet, searchable databases, and social technology can provide intel without delay.
10.) About 60 percent find work meetings to be less than efficient.
HR takeaway: Traditional meetings are killing their productivity.
11.) Almost half of millennials have 200-plus Facebook friends.
HR takeaway: They could be great allies when it comes to recruiting new hires.
12.) Fifty-six percent say technology makes them more efficient.
HR takeaway: It’s likely they’re turned off by outdated software, paper forms, and unreliable Internet connections.
13.) About two-thirds never have been married.
HR takeaway: Benefits for dependents could be less important to them.
14.) Sixty percent produce and share content online.
HR takeaway: Hoarding information doesn’t make sense to them.
15.) A whopping 80 percent of millennials sleep with their phones next to their beds.
HR takeaway: If you want to get in touch, try their cell phone.
16.) Forty percent say blogging about work stuff is OK.
HR takeaway: Workplace issues are less taboo to millennials vs. other generations.
17.) Almost 90 percent of millennials will share brand preferences online.
HR takeaway: They could promote your employer brand through their personal social media profiles.
18.) About half want interactive channels through which they can connect to brands.
HR takeaway: Give them a forum for sounding off on what works and what doesn’t in your organization.
19.) Millennials prefer frequent, informal check-ins to formal meetings.
HR takeaway: They want a flexible work environment.
20.) When it comes to millennials; they want customizable benefits and will “shop” for an employer culture that fits their needs.
HR takeaway: Fitting in has little appeal, and one size does not fit all.