MiMfg Magazine January 2020 | Page 7

January 2020 Premium Associate Member MiMfg Magazine Solving the Millennial Puzzle By Jim Bitterle • EDSI Consulting Are you struggling to attract and retain younger workers? It seems every manufacturer in the U.S. is fighting the War for Talent. In many cases, they’re not faring well, especially with Millennials. So, what can you do to turn the tide in this battle? First, let’s define Millennials. They are people born between 1981 and 1996. But more importantly, these are the younger Americans who have been formed by circumstances unique to their generation. In their short lives, Millennials have been shaped by the internet revolution, the tragedy of 9/11, The Great Recession, the explosion of social media and new technologies, and disproportionately high levels of student loan debt. Generation X and Baby Boom members have had unique experiences that have formed many of their collective behaviors. The same is true with Millennials. Unfortunately, many of the stereotypi- cal behaviors and traits of Millennials are perceived as negative. The reality is most older employees or leaders simply don’t understand why the behaviors and traits exist, and we’re uncertain about how to create an environment that is both engaging for Millennials and effective for employers. For organizations to solve the Millennial Puzzle, they must understand what they want, as well as what they probably don’t want. Let’s take a look at what this generation is looking for: 1. Opportunities to learn and grow – Gallup surveyed different generations relative to “what they look for when searching for a job.” Opportunities to “learn and grow” was a key difference between Millennials and older generations. Training is key! 2. Opportunities for advancement – Again, the Gallup survey showed this variable is a key difference for Millennials. They simply need to see career progress, otherwise they feel stagnated and are prone to changing jobs. Companies can combat this issue by creating career paths with many levels. 3. Frequent communication – Millennials, when growing up, became accustomed to having meaningful discussions with parents and other adults. Once in the work environment, if frequent, meaningful communication is absent, it feels conspicuous. 4. Flexibility – When you’ve grown up with computers and smartphones, you’re used to getting things done in a variety of locations, at a variety of times. 5. Social impact – Millennials want to make a difference. Businesses that exist for more than “simply making money” will be more inherently attractive. 6. Know the “why” – Millennials need to know the purpose behind actions. Understanding the “why” is critical. 7. Good culture – All workers, not just Millennials, want to work in a positive, engaging culture. If your culture is old school, you’ll struggle to survive in the ever-escalating War for Talent. Contrary to the stereotypes, Millennials are not looking for informal environments with foosball tables and free beer. Companies that have solved the Millennial Puzzle are reaping the rewards of having very good, creative and engaged workers. As business leaders, we need to understand what Millennials are really looking for, and then create an environment that is conducive to attracting and retaining young talent. 6 Jim Bitterle is a managing partner for EDSI Consulting. He may be reached at [email protected] or 313-271-2660. EDSI Consulting is an MMA Premium Associate Member and has been a member company since 2013. Visit online: www.edsisolutions.com. 7