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PKF Rutherfords Ltd
	Accountants & business advisers- PKF Rutherfords Ltd, Palmerston North, New Zealand
Chartered Accountants & Business Advisers

Managing Millennials in Business

If you have a business, it is a safe bet that you employ millennials, and you are only going to be hiring more. They are rapidly becoming the labour market's biggest pool. Millennials have been gaining a bad reputation - entitled, uncommitted, difficult - but that doesn't have to be your experience. Up your millennial management game and see results not social stereotypes.

The 5 keys to managing millennials

Growing up with rapid change, the digitisation of the world and the explosion of social media has given millennials a different outlook to baby boomers or even generation X, but they are every bit as bright and capable, they just need handling differently and here's how:

  • Mentor don't manage - Millennials are not great with overbearing authority, but they respond to mentorship, especially as it leads to...
  • Career development - tangible results and progress (learning) are important to millennials and can help make their desire for instant gratification a motivational tool.
  • Stand for something - having a company ethos that millennials can get on board with is important for job satisfaction. They want to make a difference and see that their employer is a difference too.
  • Flexibility and dynamic working conditions are important - just clocking in and out does not compute for millennials, they want to get the job done and get on without being tied to a desk simply to show face.
  • Reward - millennials need positive feedback. An absence of criticism is not enough to boost morale or even retain staff.

The strategies above are just some of the ways you might modify your work practices for a changing workforce. And while millennials are forcing this change in the workplace, the good news is that these new ways of working benefit everyone.

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