The world market is finally showing solid recovery symptoms in terms of job creation, increasing property values, consumer confidence, etc.. With this much-anticipated global turn-around, companies are abuzz with talks of a new round of hiring, in addition to how to retain their best employees as soon as they come on board.
Create the Ideal Work Environment
Millennials are joining the workforce in record numbers, replacing the employees from the baby-boomer generation, a lot of whom are nearing retirement age. This brand new and younger generation of workers includes a different mindset and value system in their parents. Where boomer generation workers generally valued job security and financial stability, millennials search for career opportunities and job growth. Younger workers are motivated more by finding meaning, material and fulfillment in their work, where their parents were satisfied to receive a regular paycheck, a two week vacation and retirement benefits.
These millenials will remain with and work hard for a company that enables them attain a work-life balance that’s focused on collaboration and the chance to work with people whose company they like and that challenges them professionally at the identical time.
It may seem shallow at first, but offering certain perks to this younger generation of employees can be an extremely effective employee retention tactic. All workers like to be valued, but this generation thrives and basks in being valued. Their predecessors were content with the occasional thumbs up from the bosses or the well-circulated office memo citing their performance or contribution in glowing terms.
Millenials like to be surrounded by tokens of appreciation. In fact, they do their very best work in an environment that supports and encourages their contribution openly. Thus, recreational space in addition to a well-equipped conference room will appeal to them.
You don’t have to go the extra mile and give them a full range of snacks or afternoon tea service, but decent coffee will definitely be appreciated. It saves them a trip to the corner coffee shop where they have to pay an outlandish amount for their much-needed 3 p.m. caffeine jolt. Providing excellent coffee at work helps keep your youthful employees alert and productive. It also saves you money over time; these coffee runs can take a significant bite out of the day, time which could be put to better use by working continuously and diligently at their work stations with a cup of excellent office coffee within easy reach.
Create a fun and collaborative work environment for your young employees and surround them with the aroma of freshly brewed excellent coffee along with other thoughtful perks. It’ll be tricky to find a simpler and more cost-effective means to earn and retain their loyalty.