THE CURRENT WORKPLACE DOES NOT
FIT WITH MODERN EMPLOYEES
A range of external influences have shaped the Millennial Mindset, which in turn has fundamentally changed their attitudes to work that many businesses have failed to respond to. These influences include spending most of their career in recession, greater awareness via the internet of things such as poverty, global warming and scarcity of resources. Totally new ways of communicating via social media, working in jobs that never existing five years ago, new ways of learning and an unprecedented access to the world’s knowledge via the phone in their pocket.
Due to this, modern employees need something different, which is why the technology and startup world that has been built from the ground up with the modern employee in mind, have become the Meccas of places to work for modern employees (e.g. Google and Facebook). Interestingly these new businesses are now among the most profitable in the world, showing that a new approach to business really works and that this success is a likely a result of them being places where the very best talent want to work.
KEY INSIGHTS INTO THE PROFESSIONAL MILLENNIAL
MINDSET AND NEW WAYS OF WORKING
MODERN EMPLOYEE DEFINED
By understanding the Millennial Mindset and their new ways of working, three core values of modern employees can be identified: Socially Conscious, Tech Driven and Collaborative. These core values drive behaviours that affect modern employees in the workplace, as well as the business and career decisions they make as a result
NEW CULTURAL FRAMEWORK
Millennials have higher loyalty, motivation and creativity when they work in businesses that have a clear purpose and whose values align with their own. Getting your company’s culture right so that it is both realistic and authentic is difficult, but when done right the benefits are dramatic, so here are some insights to get you started
IMPACT OF TECHNOLOGY
A lot of the influences on the mindset of Millennials is a result of technology, which include new ways of learning, communicating and working However, many businesses still operate in outdated ways that is at odds to how Millennials have grown up and behave outside of work causing an ever-growing disconnect
ALTERNATIVE BUSINESS MODELS
Traditionally within business the pursuit of profit and growth above all else has been the standard. However, many Millennials think there are other measures of success and ways of working that are both profitable and sustainable. Here are some of the alternative business models that are proving this