If you’re like me, it’s hard – if not impossible – to hire people today. The combination of the labor shortage and economic growth means you will take Boomers, Gen X, Millennials, or Gen Z – anyone, anyone who is willing to work and contribute. Many experts, much smarter than I, are predicting this labor shortage will be around for years to come. So, what can we do to hire and retain the next generation as well as help fill some of the labor gaps we’re experiencing? Let’s go ahead and define the “Next Generation” as Millennials and Gen Z. As a 43-year-old, I’m selfishly lumping anyone younger than me into this Next Generation category.
There isn’t one definitive authority on generational definitions, but Wikipedia is always an easy, semi-accurate go-to. Here’s how it breaks down generations:
The oldest individual in Generation Alpha is only 9 years old, so let’s hold off on hiring that group for now. Instead, we’ll discuss Millennials and Generation Z – the Next Generation of employees.
AdvertisementIs this list really that different from Baby Boomers or Gen Xers? Who would not want interesting work, to be empowered, to be rewarded, to be paid fairly, or to have the opportunity to advance and be heard? When it comes to management and engaging employees, best practices apply consistently to all generations.
While the Next Generation shares many similarities to other generations, there are a couple of differences that are important to note. If we can understand them and address them, it can have a significant impact on our ability to recruit and retain the Next Generation.
1. The Next Generation is not afraid to change jobs. Treat them poorly or disrespect them, and they will be on Indeed, Handshake, LinkedIn, or any other job posting site, sharing their resume within the hour. Over the past year, one in five employees changed jobs. That number jumps to one in four for Millennials and one in three for Gen Zers. Impatience coupled with lots of job opportunities is leading to what some experts have termed “The Great Resignation” – the world in which we are currently living.
2. The Next Generation wants work with a purpose. We all want purpose in what we do, but the Next Generation is far less likely to work for only a paycheck. They want a company and their role within the company to mean something and to stand for the greater good. They are passionate about social issues, climate change, civic engagement, and giving back. Companies that embrace and promote this are far more likely to retain the Next Generation.
3. The Next Generation values different benefits and perks. Boomers placed a high value on lifestyle perks such as health insurance, paid vacation, and retirement plans. The Next Generation value perks that offer them greater flexibility and benefits related to children and education like student loan repayment, childcare reimbursement, and paid training/continuing education classes. The Next Generation is also far more likely to leave a company for a perk than any Boomers or Gen Xers.
4. The Next Generation wants flexibility in when and where they work. According to a recent Gallup survey, 50 percent of the Next Generation say they would switch to a job that allows them to work part-time and 37 percent would switch to a job that allows them to work off-site part of the time. As printers, this is tough to manage because our employees are often required to physically be at the office to run our equipment. So, I’d consider unique options: Four to 10-hour days, job shares, or more flexibility with benefits like purchasing a week of PTO.
Let’s face it, print isn’t exactly the sexiest industry on the planet. We’re not developing flying cars, the latest tech gadget, or the next renewable energy source. We’re putting ink down onto a variety of materials and often working on the same types of projects every single day. Don’t get me wrong, I love and take a ton a pride in what we do – printers create some amazing things – but we have some work convincing any age group the print industry can make for an exciting career.
Dumb Rules — Ask your employees if your rules are unnecessary. A great question to ask your team members is if you have any dumb rules. No one wants dumb rules to control their actions or behaviors. One of the best ways to disengage the Next Generation is to use the phrases “That’s the way we do it around here,” “That’s how it’s always been done,” or “In my day, nobody let me get away with that.” Make sure those phrases are removed from your team’s vocabulary.
Practice Meritocracy — Reward performance over seniority. The Next Generation can be impatient and are not scared to switch jobs. Make sure you’re rewarding employees based on performance. At Olympus, we believe we are a team, not a family. We reward top performers and replace mediocre performers. We treat people fairly, not equally. I believe this resonates with the Next Generation who, at times, can be a tad bit impatient but understand and place value in results. You can recognize tenure – if someone has been with you for 20-plus years, that’s a big deal – but you should promote and reward performance. The better employee should get the promotion and the bigger raise regardless of tenure.
AdvertisementDon’t Skimp on the Praise — Growing up in a society of instant gratification, the Next Generation is used to receiving feedback instantly. If someone is doing a good job, tell them exactly that and make sure to do it right now. A little positive reinforcement can go a long way. Even in today’s hyper-competitive job market where wages are going up, the number one reason an employee quits is not pay but lack of recognition from their manager.
Benefits — Understand what your employees value. Ask your team members what benefits they value, ask them if there were any benefits they wish you offered. The Next Generation is not scared to leave for a company that offers better perks. Focus on PTO, flexibility, and freedom over 401ks and fancy titles. Better yet, have a conversation with your team.
Deliver Regular Feedback — The traditional annual performance review is dead. The Next Generation wants constant feedback on if they’re meeting expectations. (It’s also particularly important to ensure you have clearly set expectations in the first place). Set up regular check-in meetings (or weekly 1:1s) and be honest. If they’re not performing well, tell them. If they’re crushing it, tell them.
Treat them as Individuals (and do not call them Millennials or Gen Zers) — The Next Generation values their individuality and don’t like to be stereotyped into a large group. Mass personalization is taking off due to the Next Generation’s desire to be an individual and be treated differently. Attempt to offer “mass personalization” where you work such as flexible start times, choose your own benefit packages, etc.
Offer Unique Training Opportunities — The Next Generation has an ardent desire for personal growth and development. Try offering untraditional training opportunities including mentorships, job shadowing, or (this was new to me) peer coaching. Few efforts are more valued by Gen Z than peer coaching programs. It’s more effective for a peer to encourage another peer, like they have through years of schooling, than for a supervisor to micromanage.
I am by no means an expert on generations. I do, however, believe if you put a couple of these tips to practice, the Next Generation where you work will be a more engaged group.
One of the best things about the Next Generation is they like to talk about and share their experiences online. They share their job experiences on Glassdoor and talk about their employers on social media. If you can get a little momentum engaging the Next Generation at your company, it could open the floodgates for other motivated individuals to want to join your team. Who wouldn’t want to create a desirable place to work?
Brian Adam is the president of Olympus Group.
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