Millenials Care About Meaning More Than Money
Millennials have different priorities in the workforce than generations that preceded them, placing greater value on personal growth and fulfillment. Global Banking and Finance Review calls these Millennials “Talentsumers.”
“A generational shift in the workforce and changing conditions have produced workers with different values, desires, and expectations than their predecessors,” Global Banking and Finance Review reports. “Today’s Talentsumers came of age in a consumer-friendly atmosphere, in which they grew to expect and insist on responsiveness to their needs in the workplace to the same level of respect and attention. These job candidates, employees, contractors, and freelancers may have enjoyed more flexibility and open communication from their parents than earlier generations, and so they project these desires on the employer who might engage a majority of their time.”
The magazine found that today’s Talentsumers prefer a work atmosphere that offers more developmental opportunities, provides feedback and coaching from managers, encourages collaboration among employees, and recognizes and rewards high performance.
The improving economy has given employees the upper hand to negotiate for a better workplace atmosphere, Global Banking and Finance Review says.
“As workers in other age groups have seen the benefits of these conditions, they, of course, want them too. So, gradually, the key people that employers pursue have become Talentsumers. We want ways to enrich our lives, and in return, we contribute to the task at hand, the overall culture, and the company’s success. Everyone wins!” the magazine reports. “Before you discount the value of accommodating workers’ new attitudes toward work, remember that we no longer have the luxury of an ’employer’s market.’ Even as far back as 2015, a survey of three hundred HR professionals by Human Capital Institute and Allegis Global Solutions showed that the candidate, not the employer, now holds the power in hiring negotiations. The candidate is now well and truly in the driver’s seat, and we had better hand them the keys.”
-
Shareholders have accused Musk of enriching himself to the company’s detriment. In the midst of his ongoing revamp of...
-
Without pandemic-era loan accommodation, borrowers are falling behind. During the height of the COVID-19 pandemic, numerous aid and accommodation...
-
As Twitter changes hands, policies change as well. As of last Friday, social platform Twitter is officially the property...
-
Remote workers have brought in a tidy sum for several major carriers. While the COVID-19 pandemic has reached a...
-
The CPI rose another 0.4% in September. For the past several months, the United States Federal Reserve has been...
-
Musk appears to be backing down from his legal threats. For the last several months, Tesla CEO Elon Musk...
-
Amazon is looking to start the holiday shopping season even earlier this year. Typically, online retail giant Amazon holds...
-
Home Depot still maintains a healthy customer base despite economic concerns. Ongoing concerns of inflation have done a number...
-
A railway strike would severely impact the US economy. This week, representatives of the National Railway Labor Conference and...
-
Customers have been tipping less generously as pandemic restrictions relax. At the height of the COVID-19 pandemic, when many...
-
After years of exclusivity, Peloton is finally allowing third-party sales. Since it first launched as a company, exercise device...
-
Uber was first on the chopping block as SoftBank recoups losses. Recently, Japanese conglomerate SoftBank suffered a major loss...