Employers must come up with different tactics to give recognition to Millennial employees
A recent survey shows that 79% of employees felt undervalued by their employer. Millennials in particular, those age 21-36, want feedback in real time. In fact, 80% of Millennials want positive or negative feedback immediately, rather than waiting for scheduled performance reviews. 65% of Millennials rated personal development as the most influential factor in their job. And you can’t develop personally or professionally without that much needed employer feedback.A recent survey shows that 79% of employees felt undervalued by their employer. Click To Tweet
How Should Employers Show Millennial Employee Recognition?
As a demographic, we as Millennials don’t follow the traditional path of our parents of staying with a company for our entire lives. So longevity truly matters. Millennial employees want to feel like they matter to the company. This can be done in a small gesture such as an announcement of the anniversary with a short blurb and photo in a company wide e-mail. It can be done in a bigger way such as an office lunch for the anniversary with maybe a gift card.Millennial employees want to feel like they matter to the company. Click To Tweet
In today’s employment world, particularly with Millennials, it’s an achievement to be at an employer for an extended period of time – it saves the company money in recruiting, hiring and training and it gives the employee a feeling of value and contribution. Both of these reasons are truly cause for a celebration. If employers want to stay competitive and continue to attract top Millennial talent, they will need to implement new and unique ways to retain that talent. It’s a bold new world and employers need to quickly catch up.
Do you have any suggestions for employers to recognize Millennial employees? Tell us in the comments!