Leave common misconceptions about millennials aside—not all of them want to work poolside with their laptop in one hand and a margarita in the other. When it comes to where millennials want to work, most will choose a supportive business with innovative benefits over self-employment.
This year, millennials will become about half of the workforce in America. That means employers need to change their businesses into places millennials want to work. Here’s how.
The ideal workplace for millennials
Many older generations often call this group lazy, entitled job-hoppers. But in truth, millennials know what they want from an employer and will stand up for their values and beliefs. They know that if one company can’t give them what they want, another definitely can. Their position as majority generation in the American workforce gives them the upper hand, requiring employers to respond.
In order for top talent to want to work for a business, it must have the environment and provide the benefits to make them want to stay. Not all millennials are looking for a new opportunity to leave their jobs. Many are searching for a place that is worthy of their loyalty.
Work with meaning
Many millennials report that being able to find meaning and purpose behind their work is crucial. More and more, millennials are looking for companies that give back to their community. They also value being able to speak their opinions and feel validated in their ideas.
Ideal work-life balance
For millennials, work is becoming more integrated with their personal lives. Social media has expanded to impact interpersonal connections, which leave the office and continue outside of work.
This means company culture should feel inclusive, welcoming and willing to show each employee that they are valued. It should be a place where management cares about what happens outside of work because they know how home life can impact a person’s productivity.
Millennials are also searching for leaders who are authentic and show they deeply care about their team. They want these people to advocate for their team members’ growth and professional development.
Not surprisingly, millennials want to work in a low-stress environment. Mental health is currently at the forefront of many people’s minds and they are looking to protect it when it comes to where they work.
Millennials often prefer a place where you are trusted to get your work done without micromanagement. This includes being allowed the flexibility to work outside the traditional Monday through Friday 9-5 hours.
Flexible working hours
Life happens. And millennials do not want their jobs to halt their lives. More of them are looking for a job with flexible working hours and the potential to work remotely some days out of the week or month.
Seventy-five percent of millennials say a company having a remote work policy is important to them. Where this was once something taboo, more and more people now expect it.
Advanced tools and technology
Millennials are the first generation to grow up embedded in technology. They feel at home on the internet, so they expect their workplace to keep up with the latest gadgets and tools. To attract top millennial talent, you need to invest in the technology needed to make the job easier and more seamless.
Your employees will want access to high-quality computers and a strong WiFi network; more capability for remote work like video conferencing; project management tools; and more.
Where millennials want to work
What do millennials want from an employer in order to stay satisfied and stick around? The essentials are innovative benefits, an inclusive culture and flexible remote work options.
Here are some of the top workplaces millennials want to be this year:
- Progressive offers an annual bonus program and ranks high when it comes to employee compensation. Progressive has many opportunities for employees to grow, and they show they care for employees by supporting a good work-life balance.
- Kaiser Permanente was named one of Glassdoor’s Top Places to Work in 2018. They provide great healthcare benefits and flexible work schedules. Employees say there’s a relatively low-stress environment depending on the department you’re in.
- Intuit works with a customer-centric model, which translates to how they treat employees. They offer paid volunteer time off and other great benefits that encourage work-life balance.
- Hilton shows that they care about their employees, from their flexibility to how they handle personal issues to their many opportunities for growth.
- Salesforce is known for its dedication to community and fighting injustices. They have created a safe culture that is inclusive of women, LGBTQ members and other disadvantaged groups.
- Hubspot is transparent throughout the company. Management takes feedback seriously and will act on it, showing that employee voices are valued.
- Zillow has a culture that makes their employees feel welcome and they have a standout benefits program. Management puts an emphasis on good work-life balance and many employees say Zillow is a forward-thinking company.
Provide the best benefits for the millennials
To recruit top millennial talent, companies must provide value. Not only does that mean creating a safe, respectful working environment, but it also means developing an innovative benefits program.
Where medical benefits were once the norm, it is now expected for employers to offer additional benefits that can improve a team member’s quality of life. This includes benefits like family leave, pet benefits, flexible work schedules, student loan repayment, car repair protection and more.