Adapting to the new normal with today’s Millennia’s

What changes make sense to keep your business moving forward in today’s environment with millennia’s?

  1. Automate

Above all else, the action I’d take first would be to automate. I don’t mean to automate entry-level positions. Instead, I mean automate the menial and boring tasks so your entry-level employees can work on more meaningful tasks.

Take the exceptionally mundane task of budgeting. There’s no reason this should be a manual process done on spreadsheets. The times have changed, and so has business . Automate and give your younger talent meaningful work — something that will make them feel like they’re having an impact.

  1. Empower and Entrust

We as business leaders need to ensure we’re empowering and entrusting our employees. Given how business is changing, we need to do everything in our power to set up our employees for success. This involves instituting the right kinds of training and creating an environment where risk-taking is encouraged.

Some business is constrained by monotony and processes. No longer. What we need are new ideas and new ways of doing old things.

If your team is pushing to acquire new technology, hear them out. If a young hire recognizes an inefficiency, listen. And, just as important, make sure they feel empowered enough to voice their opinions in the first place. Culture is shaped at the top, and building confidence is one of the surest ways to help develop those soft skills so desperately in need today.

  1. Engage

Engagement is crucial. Your employees need to feel like they’re part of the team — that they’re part of something more than a 9-to -5 day.

Not only are millennia’s likely to seek new opportunities if they work they do doesn’t fulfill them, they are less likely than previous generations to “pay their dues” doing transactional work. In today’s market they can make those choices; the rise of the gig economy is a testament to that fact.

Today, people can make a living by providing a service online or through an app. In fact, 43% of the American work force is expected to be freelance by 2020. Millennia’s are entering a workforce where short-term gigs that don’t provide benefits are growing in popularity. They’re simply responding accordingly.

To retain your young talent, do the opposite of the gig economy. Show them you appreciate them. Make them feel like they’re valued.

Today’s business is not the same as when I entered decades ago. As business leaders, we have two choices.

 

For one, we can meet the change and challenges we’re facing head-on, and do everything in our power to best prepare our organization and today’s early talent for the job at hand.

 

Or we can grumble and hope things change. I’ll close with a quick word of advice:

 

Only one of these is a winning strategy.