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HR Trend Managing the millennianls

HR Trends: Managing the Millennial Demographic Cohort

Considering a newbie, in their first job, will have to go through the training sessions as provided by an organization, however, an experienced millennial employee would not like to be told much about how to get the job done, instead focus on getting the job done based on their knowledge and access to relevant technology which are needed to enhance their skills!

A Global MBA Survey of more than 5,600 students enrolled in MBA programs confirms that Millennials prefer to work in organizations with centralized decision-making, clearly defined responsibilities, and formalized procedures.¹

Who falls under the millennial demographic cohort?

Pew Research Center has stated that the millennial demographic cohort makes of individuals who are born between 1981 and 1996 their study that is centered on the millennial generation, for over a decade.²

Millennial also known as Generation Y or Gen Y accommodate individuals who are 16-40 which make for the maximum workforce for any organization today, when compared to individuals making for the workforce who are born before 1981.

If your organization’s major workforce makes for a millennial workforce then this article is for you.

What are the latest HR trends to manage a millennial workforce?

The Millennial workforce includes individuals who have grown up adjacent to the rising growth of technology which is ongoing.

This means the foremost HR trend to manage a millennial workforce is by encouraging the use of technology within the workforce to ensure they are allowed to nurture their skills with the most advanced technologies in their day-to-day work tasks.

For instance, a sales department would like to use technology that is centered on automating repetitive tasks whilst ensuring accuracy and efficiency in less effort.

Next, you would like to encourage their opinions and suggestions when working with your organizations. This way, you will allow opportunities to enhance their thought process instead of having them stay close-minded.

In addition, you can create room for career growth because not all land in a relevant profession based on their education. Therefore, allowing your millennial workforce an opportunity to switch profiles within the organization, and a job profile promotion along with salary growth will automatically fulfill their ever-changing career growth needs under one roof.

Last, but not least, COVID-19 pandemic season, the millennial workforce has adopted the idea of work can be done from home too. Therefore, instead of keeping your millennial workforce fixated on certain work hours, they would prefer to complete their working hours anytime throughout the day.

There are many other ways that can help you successfully manage a millennial workforce, however, above are the key HR trends for managing a millennial workforce that you can consider or optimize your strategies if you are already following them within your growing organization.

It is recommended to frequently rethink, modify and initiate your millennial workforce management strategies over time.

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²Pew Research Center