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16 Advantages of Having Millennials in the Workplace

16 Advantages of Having Millennials in the Workplace

Not so keen to hire millennials in the workplace? Think again. By 2015, 75% of world’s employees will belong to this controversial group, also known as Generation Y (see also: awesome people).

There are plenty of famous and successful millennials: Mark Zuckerberg, Jennifer Lawrence, and Jenna Marbles, for example. But that’s certainly not all.

Millennials all over the world have a lot to bring to the table…perhaps more than any previous generation.

As Individuals:

1. They’re intrinsically motivated

Millennials aren’t just there out of necessity. In fact, 65% of them say that personal development is the most important factor in their careers.

They want to learn, and they want to grow. They’re intrinsically motivated to succeed. The paycheck isn’t the important thing here–they will succeed because they want to, and because it’s important to them.

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    2. They’re cost-effective

    Speaking of money, millennials don’t need much of it. They’re cheaper to have as employees, since work is often motivation enough for them. Earlier generations, such as the baby boomers, were willing to trade happiness and passion for a big fat paycheck.

    Gen Y, on the other hand, is willing to settle with smaller salaries in exchange for flexibility, personal recognition, and happiness, so you can technically pay them less to get quality work. (Though as a millennial myself, I implore you not to…)

    3. They’re genuine

    You know those annoying brown-nosers who suck up to the boss, secretly hoping that their time will come to have all the power? Yeah, that’s not what millennials are about.

    According to Psychology Today, millennials are more genuine. They thrive on being judged by their performance, and they respect those with experience rather than power. They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed).

    4. They’re driven

    Over half of millennials deeply value the ability to progress in their career and are more attracted to careers where they know they have room to be given more responsibilities. This means that they won’t just do their jobs mindlessly; they’re driven and deeply invested in the work they do. They will give you their all in order to prove that they are capable.

    5. They think outside the box

    Living in an ever-changing world, millennials are a creative bunch. They’re constantly thinking of new ideas and are willing to think outside the box (hello, strangely-combined liberal arts degrees!).

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    6. They’re super educated

    Speaking of degrees, most millennials have one. In fact, millennials are the most educated generation yet! (Though unfortunately in the most student loan debt as well…)

     

    As Part of the Team:

    7. They collaborate

    Many think of this generation as having a “me first” attitude, but that’s simply not so. In fact, in the office, other generations were dubbed “The Me Generation(s)”–but millennials have been graced as “The We Generation”. Millennials are generally great with teamwork and collaboration, as long as it helps them create the best work.

    8. They’re tenacious

    Millennials are often known to be impatient, wanting everything right away (after all, it’s the generation that has grown up with any piece of information at their fingertips with the advent of the World Wide Web). However, this makes millennials tenacious in the workplace, constantly working towards finding answers and getting things done as soon as possible.

    9. They’re optimistic

    Despite the not-so-stellar economy we’re experiencing, millennials are the most optimistic generation yet. They’re always looking on the bright side, sure that they will be able to make it in whatever ventures they take. This generation is less jaded than previous generations, believing that they are capable of anything.

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      10. They value your feedback

      Millennials need acceptance. They need to feel validated. Many view this as a negative, but this can be a great thing in the workplace. Millennials need feedback, and they will listen to the constructive criticism you give them and use it to constantly better themselves.

      11. They are flexible

      As Forbes staff writer Caleb Melby highlights, “We are taught to think that if something has been a certain way for very long, there’s a possibility that it’s no longer good enough.” We are constantly working against stagnation and towards new ways of thought. That also makes Gen Y very flexible and used to change. We roll with the punches.

      With Technology:

      technology

        12. They’ve grown up with it

        I remember the first time using a computer. However, it was so long ago that I barely remember it. Millennials have grown up with computers. We were the first generation to have computer classes in elementary school. We are the first generation that has had technology be a major part of our lives for…well…our whole lives. Technology is only becoming bigger in the workplace, and it’s important to have tech-savvy workers.

        13. They’re the best at social media

        Millennials are known for constantly being on their phones. They’re Tweeting, they’re Facebooking, they’re Pinning, they’re Tumbling. (Is that the word for using Tumblr? I’m more of a Pinterest gal.)

        Millennials have also grown up with social media, and they understand it better than any generation ever has. They also understand the potential it has to spread awareness and information. After all, social media is their life.

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        In The World:

        right thing

          14. They’re ethical

          As more millennials enter the workforce, it’s likely that more good will be done in the world. That is, half of Gen Y thinks it’s essential to work for a company that is ethical. They’ve got their hearts in the right place.

          15. They’re charitable

          Millennials are also very enthusiastic about donating to charities, volunteering their time, and being active in their communities. Firstly, the more people like this in the world, the better. But as an employer, hire a millennial, and you’re hiring someone who will serve as a great face for your company.

          16. They care about the bigger picture

          Millennials are able to see what really matters. They believe that success of a business isn’t defined by finances alone, but how the business has improved society.

          Generation Y is looking to change not only the office space, but the world as we know it.

          And they absolutely will.

          Featured photo credit: _MG_9622/meckert via flickr.com

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          Published on March 20, 2019

          How to Write a Powerful Mission Statement for Your Business

          How to Write a Powerful Mission Statement for Your Business

          Have you ever felt lost in the minutia of your job?

          As a business owner, I can relate to getting bogged down in the day to day operations of my business. Things like inventory, payroll, scheduling, purchasing and employee management take up the bulk of my day.

          While these things are important and need to get done, focusing too much on the details can make you lose sight of the big picture. This is why having a good mission statement comes in handy.

          What is a Mission Statement?

          Put simply, a mission statement is an internal document that provides a clear purpose for the organization. It provides a common reference point for everyone in the organization to start from.

          In other words, after reading your company’s mission statement, managers and employees should be able to answer the question “What are company’s main objectives?” For example, Southwest Airlines mission statement reads:[1]

          “Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit. We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth.”

          In this single statement, Southwest conveys the company’s goals of providing the highest level of customer service as well as providing a good working environment for their employees.

          Mission Statement VS. Vision Statement

          While the mission and vision statements are related, there are subtle but distinct differences the you should be aware of.

          First of all, a mission statement is designed primarily as an internal company document. It provides clarity and direction for managers and employees.

          While there’s nothing wrong with sharing your company’s mission statement with the outside world, its intended audience is within the company.

          While a mission statement provides a general framework for the organization, the vision statement is usually a more inspirational statement designed to motivate employees and inspire customers. Going back to Southwest Airlines, their vision statement reads:[2]

          “To become the world’s most loved, most flown, and most profitable airline.”

          This statement inspires good feeling from the customer while motivating the employees to achieve that vision.

          What Does a Good Mission Statement Look Like?

          When coming up with a mission statement, it’s important to take your time and do it right. Too often, people (especially entrepreneurs) just write down the first thing that comes to mind and they end up with worthless or (worse yet) a generic mission statement that is utterly useless.

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          Remember, a mission statement should provide a common framework for everyone in your organization.

          When writing a mission statement, you should always try to incorporate the following;

          • What we do?
          • How we do it?
          • Whom do we do it for?
          • What value are we bringing?

          Now, you can see how tempting it is to just come up with something generic that ticks off those four boxes. Something like “We provide the best widgets available online for the consumer.”

          After all, that did check off all the boxes:

          What we do? Provide widgets.

          How we do it? Online.

          Who do we do it for? The consumer.

          What value we bring? The best widgets.

          The problem with this mission statement is that it could apply to any number of companies producing the same widget. There is nothing to distinguish your company or its widgets from any of your competitors widgets.

          Compare that mission statement to this one:

          “We provide the highest quality widgets directly to the consumer at an affordable price backed up with a 100% satisfaction guarantee. If our clients aren’t 100% satisfied, we’ll make it right.”

          What’s the difference?

          Both mission statements answer all the same questions of what, how, whom and value. But in the second statement, they are differentiating their company from all other competitors by answering the question “what makes us unique”.

          Another way to read that is, “Why you should buy from us.” In this example, it’s because our widgets are of the highest quality and we stand behind them 100%.

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          You might have noticed the statement didn’t say that we sell widgets at the lowest possible price. That’s because we are emphasizing quality and satisfaction over price.

          A different company’s mission statement may emphasize selling widgets at the lowest possible price with little to no mention of a guarantee.

          Hallmarks of a Good Mission Statement

          1. Keep It Brief

          Your mission statement should be no longer than three sentences. This is not your company’s magnum opus.

          You should be able to distill the what, how, who and why questions into a succinct message.

          2. Have a Purpose

          A company’s missions statement should include the reason it even exists.

          Make clear exactly what the company does with statements like “We strive to provide our customers with …….”

          3. Include a “How”

          Take this as an opportunity to differentiate your company from its competitors.

          How do you provide a product or service that’s different or better than how your competitor provides it?

          4. Talk About the Value You Bring to the Table

          This is where you can really set yourself apart from the competition. This is the “why” customers should buy from you.

          Do you offer the lowest prices? Fastest delivery? Exceptional customer service? Whatever it is that sets you apart and gives your particular products, services or company an advantage talk about it in the mission statement.

          5. Make Sure It’s Plausible

          It’s okay to shoot for the stars just to settle for the moon, but not in a mission statement.

          Being overly ambitious will only set you and your employees up for failure, hurt morale and make you lose credibility. You will also scare away potential investors if they think that you are not being realistic in your mission statement.

          6. Make It Unique and Distinctive

          Imagine if someone who knew nothing about your business walked in and saw how it was operating, then they read your mission statement. Would they be able to recognize that mission statement was attached to that business? If not re-work it.

          7. Think Long Term

          A mission statement should be narrow enough so that it provides a common framework for the existing business, but open enough to allow for longer term goals. It should be able to grow as the business grows.

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          8. Get Feedback

          This is very important, especially from managers and employees.

          Getting their input can clarify how they currently see the company and their role within the organization. It’s also a good way to get people “on-board,” as studies show that people are more likely to go along with an idea if they feel included in the decision making process beforehand.

          9. Review Often and Revise as Necessary

          You should review the missions statement often for two reasons.

          First, as a reminder of what the essence of the company is. It’s easy to forget when you are in the day to day grind of the business.

          And two, to make sure that the mission statement is still relevant. Things change, and not everything can be anticipated at the time a mission statement was written.

          For example, if a mission statement was written before the advent of the internet, a company that use to sell things door to door now probably has a website that people order from. You should always update the mission statement to reflect these changes.

          The Value of Mission Statements: Why Go Through All of These in the First Place?

          It may seem like a lot of work just for a few sentences that describe a company, but the value of a well written mission statement should not be discounted.

          First of all, if you are an entrepreneur, crystallizing the what, how, whom and value questions will keep you focused on the core business and its values.

          If you are a manager or other employee, knowing the company’s basic tenants will help inform your interactions with both customers and colleagues alike.

          Strategic Planning

          A relevant mission statement acts as a framework for strategic planning. It provides guidance and parameters for making strategic decisions for the future of the company.

          Measuring Performance

          By having the company’s mission in a concrete form, it also allows for an objective measurement of how well the organization is meeting its stated goals at any one time.

          Management can identify strengths and weaknesses in the organization based on the criteria set forth in the mission statement and make decisions accordingly.

          Solidifying the Company’s Goals and Values for Employees

          Part of a well run organization is nurturing happy and productive employees.

          As humans, we all have an innate need for both purpose and to be part of something larger than ourselves. Providing employees with a clearly defined mission statement helps to define their role in the larger organization. Thus, fulfilling both of these needs.

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          Now I’m not saying that a mission statement can overcome low pay and poor working conditions, but with everything else being equal, it can contribute to a happier and more productive workforce.

          To Hold Management Accountable

          By creating a mission statement, a company is publicly stating its highest values and goals for the world to see. By doing so, you are inviting both the public and your employees to to scrutinize how well the company lives up to its ideals.

          So if you state that you only provide the highest quality products, and then offer something less, it’s fair for both the public and the employees to question, and even call for a change in management.

          If management doesn’t take the mission statement seriously, no one else will either; and the legitimate authority that management rely’s on will be diminished.

          To Serve as an Example

          This is the opposite side of the coin from the previous statement. If the highest levels of management are seen taking the mission statement seriously and actively managing within the framework of the statement, that attitude filters down throughout the organization.

          After all, a good employee knows what’s important to their boss and will take the steps necessary to curry favor with them.

          Finally, use the company’s mission statement as a way to define roles within the company. You can do this by giving each division in the company a copy of the mission statement and challenge the head of each division to create a mission statement for their respective departments.

          Their individual mission statements should focus on how each department fits in and ultimately contributes to the success of the company’s overall mission statement. This serves as both a clarifying and a team building exercise for all parts of the organization.

          Final Thoughts

          Developing a mission statement is too often just an after-thought, especially for entrepreneurs. We tend to prioritize things that we perceive will give us the biggest “bang for our buck.”

          Somehow, taking the time and effort to sit down and think seriously about the what, whom, how and value of our business seems like a waste of time. After all, we got in the business to make money and become successful, isn’t that all we need to know?

          That mindset will probably get you started okay, but if you find yourself having any success at all, you’ll find that there really is such a thing as growing pains.

          By putting in the time and effort to create a mission statement, you are laying the groundwork that will give you a path to follow in your growth. And isn’t building long term success what we are really after?

          More Resources About Achieving Business Success

          Featured photo credit: Fab Lentz via unsplash.com

          Reference

          [1] Southwest Airlines: About Page
          [2] Fit Small Business: 10 Vision Statement Examples To Spark Your Imagination

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