By the year 2025, 75% of our workforce will be millennials. The millennials outnumber even the baby boomers. They are also different than the boomers. As an employer or business owner, you need to understand the differences. The culture that worked in the past may not be the best fit for the new and upcoming workforce.
Today, I’m talking about the changes employers may need to make. Right or wrong, they will need to be aware of what their employees want and create a culture that encourages loyalty and participation. They will need to create an environment where employees feel ownership and have opportunities to give input. They need to feel they are making a contribution and understand the bigger picture.
“If you create an opportunity for the millennials to be successful, your company will be successful .” ? Sharon Lechter
This week on the Your Money, Your Business, Your Life Podcast:
- Challenges of working with the future generation and workforce retention
- The importance of understanding that times have changed
- Creating an environment where employees feel ownership
- The importance of establishing a system for input
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