Mitzi Ilagan | ExecutiveChronicles
Millennial: a term used to describe people born between years 1980 to 2000.
These people generally are the ones making up the business field (besides the seniors) today. A research said that by the year 2020, millennials would make up half of the employees in a workforce. Because of this, companies now take into consideration what a millennial thinks about regarding work.
Before, an employee’s priority would be their personal growth, progress and training experience. But now, millennials consider the organization’s purpose, not only what it can do to them, but also what the company can do for the people outside of the workplace. With this, IBM makes a move: The Millennial Corps. With 5,000 millennial employees from different countries, the team was created to be able to improve an employee’s experience at the company. They all communicate through a digital platform wherein the potential projects are also discussed. Checkpoint, one of their recent key projects, was created to as a feedback system done on a quarterly basis. This project helps the employees be aware of how their workmates review their productivity and performance in a span of 3 months, because according to Samantha Klein, a co-founder of the Millennial Corps, one of the marketing managers of IBM, millennials would rather be receive feedbacks constantly and be evaluated quarterly, not yearly, so as to apply improvement immediately as they could.
This new demographic age group mostly considers corporate social responsibility and sustainability. They value safety and comfort as they work productively within the company. They seek for guidance and assurance that their careers accelerate. They see to it that their opinions are two-way; they want to be asked about theirs; and they want their workmates speak up about theirs. According to studies, millennials want a fun and social work environment, a work-life balance and a mentor, which they could all get from an improvised group such as this.
It is crucial to take into consideration what the millennials need and want because sooner or later, they would gain more control over senior positions in an organization. It will become the challenge for companies to move into the direction of the millennials’ expectations. Moreover, this idea of giving the millennials a voice within large companies is now being considered by other industries to be able to boost engagement and productivity within the business. In this way, it will be more considerable for an applicant to join a company because they know that they could participate on something they are passionate about through this relevant outlet.