A study entitled “Workforce 2020: SAP/Oxford Economics Research” was
recently published by Success Factors. It concluded that essentially,
when it comes to workplace expectations, the millennial generation has more in
common with older generations than is often assumed.
There is often a misunderstanding that the millennial
generation’s wants and needs in the workplace are different from previous
generations. However, this study shows that expectations in the workplace are
far more similar between millennials and non-millennials than is commonly
expected.
The chart above (from Workforce
2020: SAP/Oxford Economics Research) summarises this nicely. As can
be seen, a rank of items that are important to both sections of the workforce
indicate that there is very much in common between these two groups.
What this means is that employers have to be careful about
making fundamental changes to an organisation, or over-tout a specific
millennial engagement strategy, to accommodate a misplaced assumption about
appealing to millennials. This may potentially be detrimental to employee
engagement.
Ensuring that an organisation has good succession planning
and a good workforce development strategy for younger workers is obviously
important, but employers should be wary of shining the spotlight on how
different millennials are. Employers often attach notoriety to the younger
generation being more demanding of their
workplaces or having a short attention span, and therefore erroneously treating
them differently, or pandering to perceived interests. This is unnecessary, and
may often cause friction in the workplace.
As much as millennials are more connected technologically
and have more mobility across countries and sectors, the fundamental
expectations of what it means to be human and enjoy one’s work remains
unchanged. These core tenets of the workplace – values, ethics and remuneration
should be applied across all generations.
The report mentioned above summarises this point nicely: “In
the end, employees of all ages want fairness and opportunity.”
Su grew up dreaming of being a journalist, dodging bullets
and gunfire with a camera thrust in front of her reporting from a war zone.
Having realised that she is not really as agile as she thought, she has settled
for dodging cockroaches in metropolitan Sydney as her adrenaline fix. Su is
inquisitive and loves a good challenge, which is why she has chosen to produce
conferences at Akolade. In her spare time, Su likes to read, drink green tea,
and fantasise about making the world a better place; getting rid of the need
for war journalists entirely.
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