The workplace environment is evolving rapidly, but that doesn't mean your small business has to be left behind.
According to a study from Aon Hewitt, Millennials will account for 50 percent of the nation's employees by 2020. That means change. Big change.
Fox Business reported the millennial generation is gearing to alter the work culture of America. So if you're a small-business owner, don't be left behind.
One way to ensure a successful change in generational workforce is by listening to what your employees want. While it can be hard to figure out exactly what your younger employees want or need, if you're an older business owner, take a few moments to interact and engage them on what would make their work environment more rewarding and enjoyable. You may be surprised to hear it's not always money.
For many, offering a health and wellness program is a big plus.
A healthy life, a healthy workforce
Millennials are paying more attention to their health and well-being, according to a survey from Keas, a health and engagement platform. The survey found that 46 percent of Millennials want as much data about health as possible, while 54 percent said they would likely buy a body-analyzing device to calculate their weight, body fat or blood pressure.
With that in mind, there has been robust demand from employees across the country for employers to do a better job of blending health and wellness programs into the work experience. Fox Business reported that employers must be bold, and provide incentives for employees to participate in a health and wellness program.
"Health isn't just about policy. Meaningful health is about ensuring everyone has tools they can use to improve their life on a daily basis," Josh Stevens, CEO of Keas, told Fox Business. "Based on conversations that I've had with employers across the nation, most companies offer outdated models of health and wellness programs and struggle to track, report and aggregate resulting data in a meaningful way."
More than three out of five Millennials stated that a tangible benefit or cash would provide the best motivation for them to participate in a corporate health program. Another 33 percent said that providing money-based incentives would be the single most valuable action in helping them reach their health goals in 2014.
Fox Business reported that one way to garner interest in a health and wellness plan is by providing data in a social and meaningful way to employees, such as what foods are healthy.
Don't be afraid to get involved
Millennials want their employers involved in their life, but 66 percent of Millennials believe that older generations don't understand people their age.
Another 58 percent told Bentley that businesses view them as dispensable. Shaley McKeever, a digital and social media representative at Red Branch Media with a focus on human resources, believes this line of thinking needs to change immediately. The Millennial movement is already taking place, and valuing and showing interest in your employees can boost office morale and help you retain them for a longer period of time.
"I've seen numerous articles lately bringing up the age discrimination issue in regards to the older demographic, but not much has been said about the discrimination taking place against younger job candidates," McKeever told Recruiter.com.
Create a flexible schedule
If your small business is struggling to land Millennial employees, you should consider adding a more flexible work schedule.
Nearly three quarters of Millennials said they wanted a flexible work schedule. That doesn't necessarily mean changing your business hours, but having a policy that allows for late arrival one day or an early dismissal another, can go a long way with your employees.
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