Within the next decade, 75 percent of the workforce will be controlled by millennials. Until then, this generation of tech-savvy individuals are currently urging businesses to adapt to their personal needs and to modify the workplace standards. The checklist continues to grow.
The Modern Workplace
Years ago, a job would offer employees a salary, annual bonus, benefits and pensions. Today, millennials want more than that: free meals, colorful open spaces, bring your dog to work day, and the list goes on, according to a new report from the USA Today. And this could be a positive for the corporate landscape moving forward.
In the asphalt jungle we know and love (or hate) at present, millennial professionals want more than just a paycheck. They are pushing for an enhanced work-life balance and changes that can incite employees to do more because they will work for greater incentives. Whether or not it will prove to be a wise investment for companies remains to be seen. However, some companies are already trying.
The newspaper profiled Lockard & Wechsler Direct and Mindspark, two companies in Westchester County, New York., which are treating staff to massages and games, offering personal time and creating a more relaxed atmosphere that can appeal to a wide variety of millennials. Of course, millennials are also provided the option to work from home on occasion and overlapping their personal lives with their office responsibilities.
From what has been gathered at the two companies, millennials appreciate the colorful open spaces established by a private enterprise like Mindspark’s 40,000-square-foot open space. This office consists of bright furniture, large windows and low partitions. Overall, the business provides greater camaraderie between colleagues.
At Lockard & Wechsler Direct, meanwhile, one would notice a dog walking around from time to time. The company maintains a monthly bring-your-dog-to-work day. In addition to this, the business gives its staff members subsidized gym memberships, tuition incentives and longer maternity leave. Celebrations are also common as the personnel throw parties for birthdays, engagements and other special dates.
When it comes to employee satisfaction, staff members are happy. According to the firm, it maintains a 95 percent worker retention rate and its workforce has increased from 10 to 85 in just 20 years.
The article looked at Jena Pellegrino, who found the perfect job after she graduated from college, but she didn’t realize it at the time as she handed in her resignation.
"It was a lifestyle change. It was something I had to try," Pellegrino said, talking about the time she quit. Later on, she realized that she "felt I wanted to be in a company that treats you like family."
"You work every day and sometimes spend more time with your co-workers than family, so you want to be noticed and respected for what you do."
This could be very different than what previous generations have experienced. It would seem that these types of perks and benefits were reserved for executives and upper management, but nowadays it could be filtered throughout the rest of the office, whether you’re a junior clerk or a senior manager.
Indeed, it could certainly garner resentment from millennial predecessors. They didn’t have any of this, and they viewed the workplace as a venue for getting work done and not having fun. Nevertheless, millennials are pleased with the progress they have been making in transforming the office landscape into a positive atmosphere.
See Also: 8 Ways to Make Your Office Appeal to Millennial Workers
Here’s an important question: are businesses taking advantage of these perks so they don’t have to increase wages? Or do you think they are just changing with the times? Your thoughts and comments below please...