How Are Millennials Changing the Future of the Workplace?
Love them or hate them; millennials are a hot topic – especially in the workplace. The way people work is changing thanks to technology, and millennials can easily change with it. Some even argue that the rapid pace in which technology is evolving is being pushed by the millennial generation. Eventually, millennials will take over leadership roles in major corporations as they age and grow with companies, so ultimately, they will change the future of the workplace. The following are 5 ways in which the workplace will change under the leadership of millennials.
- 9-5 Culture
Gone will be the days of the 9-5 job, if millennials have a say in it. Flexibility is valued at the top of most millennials’ lists when it comes to job preferences, which doesn’t necessarily mean less hours worked, just the option to choose when to work. Millennials choose to attend to life events regardless of time of day, and they want to work when they choose.
- Philanthropy and Social Justice
Social justice and the environment are issues important to millennials, which means they care just as much about increasing profits as they do about where that money is going. Millennials are also interested in the ethics of how products are being made, and value working for companies who share those same ethics. A study from 2014 states 63% of millennials want their employer to contribute to social or ethical causes they felt were important.
Adding to the removal of the 9-5 culture, not only will work schedules go out the window in the future, but where people work will play a factor in the changing workplace landscape. Working from home and having the ability to come and go from the office will likely be the future of the workplace, and studies have shown employees with this freedom prove to be more productive.
- Mentor, Not Manager
Millennials want mentors instead of managers, and millennials will likely take on this management style when they become leaders. Collaboration is valued more, and produces greater job satisfaction. With that said, fewer management positions might be what the future holds for the workplace.
The focus on the environment, social justice, commitment to flexibility and work-life balance have caused many companies to change their existing programs or practices. Millennials have contributed to these changes and will continue to do so until they are in dominant leadership roles.