Winding River Consulting’s Post

As a Millennial myself, I know our generation has its own unique challenges when it comes to today's work environment. Check out my latest blog on how your firm can attract, retain, and create lasting value for this generation that is dominating the workforce.

The Millennial Wave is Coming, or rather, it's Here 👆 The millennial generation isn't just coming; it's reshaping the job market with unprecedented speed. Various studies, including those by Gallup, predict that by 2025, millennials will comprise over 75% of the workforce. This shift is crucial to understand because millennials differ significantly from previous generations. What sets the millennial workforce apart? A strong desire for work that resonates with their values and purposes. Remarkably, over 60% are willing to switch jobs for better value alignment, even for a lower salary. Furthermore, less than 50% plan to stay with their current employer for more than a year. This trend underscores the growing importance of employee engagement and effective communication in the workplace. Today's work culture plays a pivotal role in operational success, a trend that's only going to intensify in the future. However, a challenge and reality check lies ahead. The same studies reveal that only 29% of millennials feel engaged in their jobs. The remaining majority are either not feeling engaged or actively disengaged. This disengagement presents a significant hurdle but also an opportunity for tremendous improvement. Businesses with high employee engagement levels see remarkable benefits: 17% higher productivity, 70% fewer safety incidents, 41% less absenteeism, 10% better customer ratings, and 21% higher profitability. So, the real question isn't if but when you will adapt to these changes. What do we stand to gain, and more importantly, what could we lose by ignoring this shift in workforce dynamics? Recognising and valuing what this generation brings to the table isn't just an option; it's a necessity. In my dialogues with companies around the world, one thing is clear: acknowledging and valuing what the millennial workforce brings to the table is essential for success in today's world. Adapting to new practices is challenging and requires time, commitment, and the formation of new habits. It's not about a flipping a switch; it's a transformative journey. We are all part of this journey, ready or not. The sooner we embrace these changes, the better prepared we'll be for the future of work. The best part, we can start today. #employeeengagement #futureofwork #millenials #gallup

Do YOU follow The Millennial Leader? Great source for articles on leadership, career, and professional development. Found this interesting on how we millennials are looking at the workplace differently, and thus perform best under a “different than traditional” leadership style.

A revolving door of Millennial employees can cost your company more than you think. The rules of the game have changed. 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆 𝘁𝗼 𝗸𝗲𝗲𝗽 𝗽𝗮𝗰𝗲? 🔄💼 We're in an era where traditional retention strategies seem to lose their grip when it comes to retaining Millennials. Born between 1981 and 1996, this generation is not just shaping the future of work, they're demanding a shift in how we perceive and prioritize employee retention. Millennials thirst for purpose, personal growth, and the opportunity to make a significant impact. Meeting these needs requires a leadership perspective that isn't confined to the old playbook of job security and a satisfactory paycheck. Begin by fostering an environment that thrives on 𝗼𝗽𝗲𝗻 𝗱𝗶𝗮𝗹𝗼𝗴𝘂𝗲. Trust and transparency are currencies that have increased in value, especially with Millennials. From regular check-ins to an open-door policy, make sure they feel valued and heard. 🗣️🚪 Unlock the power of growth opportunities. Millennials view personal and 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 not as an option, but a necessity. Investing in their growth—through mentoring, training programs, or educational opportunities—won't just yield a return in their skills, but in their loyalty. Finally, weave a 𝘀𝗲𝗻𝘀𝗲 𝗼𝗳 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 into their work. Help them connect the dots between their role and the wider company mission. When they grasp the 'bigger picture', job satisfaction and allegiance to the organization dramatically improve. #MillennialWorkforce #RetentionStrategies #WorkplaceCulture #TAGMarc

Millennials and Gen Z are reshaping the future of work! 🌟 Do you want to know what they expect from their offices and work culture? Dive into our latest blog to discover how to create a workspace that resonates with the new generation of leaders. 🚀 #MillennialsAtWork #GenZ #FutureOfWork #WorkplaceTrends #EmployeeWellbeing

I know I'm biased ( as a millennial myself!) but I believe my generation gets a bad rap. We're not the quiet quitting, work-averse employees we've been unfairly painted. Yes, we're different. But different is good. We're about to be the largest generation in the workplace and we have an opportunity to change it for the better with our anti-hierarchy, all heart, work-life balance seeking, bring our whole selves to work agenda. Here's a piece I just wrote for #forbes about how millennials are changing manufacturing and how the industry should change with us. The main message of this entire series is simple: if you can get all four generations collaborating and bringing the best of their very different approaches, this will transform your company (and our industry). #manufacturing #talent #manufacturingsuccess #manufacturingtalent #millennials

🌟 Embracing the Future: Millennials and Gen Z in the Workforce 🌟 Recently, I've noticed criticisms regarding the behaviors and perspectives of newer generations. As a Gen Z individual, I believe it's important to share why millennials and Gen Z are pivotal for the future of companies. In today's rapidly evolving world, the success of companies hinges on adapting to global shifts in behavior and market dynamics. This adaptation isn't just a choice—it's essential for staying competitive. What millennials and Gen Z bring to the table is invaluable: fresh insights, innovative ideas, and a deep understanding of technology and social impact. By combining these with the wisdom of experienced professionals, companies can foster environments where creativity thrives and progressive strategies take root. These younger generations are not just changing workplace dynamics; they're redefining them. Their tech-savviness, passion for social change, and cultural fluency challenge traditional norms, pushing companies to embrace agility, inclusivity, and forward-thinking approaches. Finding synergy between different generations requires thoughtful strategies that respect and blend their unique perspectives and comfort zones. It's a complex task but essential for driving innovation and sustained growth. While navigating these changes presents challenges, it also presents opportunities for companies to evolve and thrive. By embracing the strengths of both seasoned veterans and emerging talents, businesses can create a future that honors tradition while embracing innovation. #FutureOfWork #Millennials #GenZ #Innovation #Leadership #Diversity #Inclusion #BusinessTransformation #WorkplaceEvolution

The future of leadership is evolving with Millennials and Gen Z at the forefront, and Pivotal Growth is at the forefront of this evolution. We've proactively adapted to these changes, embracing ESG practices, prioritizing employee well-being, and optimizing technology to enhance the employee experience. Join the conversation on reshaping leadership for a new era and the steps we've taken to stay ahead. Share your insights and read more about how to reshape your business's vision to harness the power of millennials and Gen Z Read the full article from Forbes here: https://ow.ly/f2N250Q8zKn #FutureOfLeadership #LeadershipDevelopment #Millennials #GenZ

In today's evolving work landscape, attracting and retaining millennials has become a strategic priority. With retention rates experiencing a decline, especially in call centers where turnover can spike, it's essential to adapt to the changing expectations of this generation. Research by Office Team reveals that 76% of millennials would actively seek new opportunities if they don't feel valued enough in their current role. The dynamic job market and rapid information sharing make exploring new options easier than ever. The hunt for meaning and growth in their careers is paramount for millennials. As a savvy entrepreneur in the software industry, I've found that investing in positive reinforcement and meaningful coaching is the way forward. Millennials thrive on feedback that highlights their impact and guides their growth. Remember, positive feedback should outweigh the negative at a 5:1 ratio. Coaching sessions are most effective when personalized, addressing specific interactions in 1-on-1 sessions. In our digital age, technology isn't the enemy—it's a powerful ally. Embrace innovative ways to engage and mentor millennials. Tailoring coaching styles to individual preferences is as crucial as the content itself. As I've learned through QualityDesk, understanding employee development through data analysis and personalized feedback can enhance their job satisfaction and overall performance. By recognizing millennials' unique needs and aligning them with your leadership strategies, you can create a winning formula that benefits both your team and customers. As an entrepreneur, embracing these insights is key to driving success in our ever-changing workforce. Let's lead the way together! 💼🚀 Read more from here 🔗 https://bit.ly/3iotmGv 🔗 #MillennialWorkforce #LeadershipStrategies #EmployeeEngagement #FutureOfWork #QualityDesk