Millennials in the Workplace means your office culture is about to change – dramatically. Today’s companies must prepare their office cultures for this influx of young workers. But how?
At one time, the baby boomer generation (born 1940s to 1960s) dominated the workplace, creating a culture of workers who stayed at the same company for decades. They worked hard, asked for little and sacrificed a lot to climb the ladder.
That was then. But this is now: The millennials or generation Y (born 1980s to 2000s) now represent a majority of the American workforce.
What Millennials in the Workplace Want
A new Gallup report reveals that most workers, many of whom are millennials, want their work to have meaning and purpose. This is especially true for gen Y. Despite their student loan debt, millennials are motivated by meaning as much as they are by money.
This means that to attract and retain millennials, it will become increasingly important for companies to show they care through community involvement and sponsorship of charitable causes.
Be a Company That Cares
Involve employees in charitable causes and ask them to volunteer for outreach programs. Partner with a cause that reflects your corporate values and let employees make charitable contributions through payroll deductions.
You can also find local opportunities for community service such as soup kitchens. Consider offering Volunteer Time Off (VTO) to employees who volunteer during work hours. Even if you only allow several hours a month, millennials will respond enthusiastically, engendering loyalty.
As you hire more millennials, you will find that their fresh perspective elevates the conversation inside your office culture, causing older workers and managers to rethink their own sense of meaning.
If you would like to find office space that can prepare your company for the new wave of Millennials in the Workplace, or if you have thoughts to share, contact us. We would love to hear from you.
By 2020, if things continue as they are, 40 percent of the workforce in the U.S. will be freelancers, temporary workers, independent contractors and solo-entrepreneurs. Almost all of them will be working in coworking office space. Coworking office space refers to shared space where people who work there are most often working for different organizations, or for themselves, but creating synergy between each other.
Benefits of Coworking Office Space:
A recent survey found:
Among these independent workers,
70 percent feel healthier than they did when working in a conventional office.
68 percent said they were able to focus better.
64 percent are better able to complete tasks on time.
60 percent are more relaxed at home since coworking.
92 percent were satisfied with their coworking space.
91 percent enjoyed better interactions with others.
50 percent report higher incomes.
Harvard Business Review reports that people who work this way, in coworking environments thrive more in their work than those in conventional office environments. What makes coworking spaces work so well? The answers may have important implications for conventional office philosophy and design.
The factors that go into success for the coworking environment may provide important metrics for the assessment of a successful office environment. The HBR survey of several hundred workers in coworking spaces around the U.S. revealed important factors that predict “thriving.”
The key business metrics for coworking office space are measures that predict “thriving” and positive impacts of coworking spaces on productivity and satisfaction.
People who use coworking office space see their work as meaningful. Those who work in coworking environments are free to choose the projects they care about. They can “bring their whole selves to work.”
Coworking spaces are filled with members who work for a range of companies, ventures, or projects. There is no direct competition or internal politics. There is no need for a false work persona.
Coworking has become something of a culture that has been developing a social mission. An online document called the “Coworking Manifesto” is signed by members from 1,700 working spaces. An annual “Global Coworking Unconference” (GCU) (pronounced “juicy,” held in 5 location around the world) brings a sense of identity, participation and mission to the coworker.
Coworking spaces are normally available on demand 24/7. People have nearly absolute power to decide when they work and how long. They can choose to work in collaborative spaces or private spaces. They can even work from home. However, the coworking environment provides a community and a specific location for work, that provides a sense of structure and discipline hat motivates the workers.
Feeling part of a community is a chief reason why people pay to work in a community space rather than in isolation or at home.
If you were to measure the power of coworking space, use measures that assess:
Workers’ attitudes toward the meaningfulness of their work.
Feelings of competitiveness among co-workers.
Involvement in the “culture of coworking.
Use of office space in off hours and irregular ways.
Feeling that the office space provides a motivating sense of community, structure and discipline.
Increasing numbers of employees of larger companies are choosing to work in coworker environment, rather than telecommuting from home or working in the corporate offices. Employees of Visa, large financial institutions, and journalists from newspapers like the Chicago Tribune are among them. The innovation team from Richo worked out of coworking space for several months to explore some new products, including their “Smart Presenter,” paperless meeting solution. Some companies, like Menlo Innovations in Ann Arbor, Michigan have actually enlarged their offices so that start-up companies and early-stage entrepreneurs can work alongside their staff.
Coworking Methods Applied to Corporate Environments:
The lessons of coworking spaces can be applied to corporate offices.
Encouraging flexibility and support for a mobile workforce.
Creating the right kind of social work environment inside corporate office walls.
Enable people to craft their own work environment in ways that give them purpose and meaning.
Establish a balance of desk seats and shared settings for collaborative work and quiet work.
Enable people to make connections and build working communities beyond formal meetings.
Please contact us to learn more about coworking office space.
Here is a look at a coworking office space in Seattle Washington:
The Reality of Generational Issues in the Workplace
The issues associated with Millennials in the workplace can no longer be ignored. It’s true that Millennials now dominate the workforce. However, in an era where Baby Boomers are very reluctant to retire and where the neglected members of Generation X are still well within their prime years of employment, generational conflict is something that all employers have to consider. Employers will be more effective at resolving these issues if they are able to confront existing stereotypes about Millennials in particular.
Millennials in the Workplace and Career Advancement
It’s widely believed that Millennials are largely uninterested in putting in the time and effort that it takes to excel in a career. Some people attribute this to the idea that Millennials prioritize their family members over their jobs, in spite of the fact that Millennials are less likely to get married and have children than members of previous generations. Other people attribute this to generational differences in work ethic. Some people believe that Millennials have overly high expectations for their workplace environments.
In reality, Millennials have often been unable to start career paths of any kind. The entry-level job of old has been replaced by the unpaid internship. Millennials crushed under student loan debt have been forced to work for free. Unpaid internships have frequently not led to real jobs, and they have sometimes made Millennials less employable down the line. The Great Recession is over, but it was largely older workers that benefited from the subsequent improvements to the economy. The research has also failed to produce evidence that Millennials are different from anyone else in terms of work ethic.
Meeting the Expectations of Millennial Employees
If anything, the employers who are able to provide Millennials with benefits and consistent and adequate salaries will usually get workers who are extremely motivated. Millennials do not take any of this for granted, since they typically started their working lives without benefits of any kind or even modest salaries. Employers often don’t have to go out of their way to accommodate Millennial employees. They just have to make sure that Millennials get what previous generations took for granted.
In addition to coping with record-breaking levels of student loan debt, Millennials are dealing with higher living costs than previous generations. A salary that might have stretched far when the Baby Boomers or Generation X members were in their twenties and thirties might be insufficient in a world where even the cost of food is higher. Underemployment is a crisis for the Millennial generation, and employers who go against this trend will get eager Millennial candidates right away.
Generational Conflict and Sensitivity
Millennials are very aware of how they are perceived by some members of the Baby Boom and Generation X cohorts. Some employees from these cohorts are happy to share these views publicly in workplaces. Employers need to recognize that this is a source of workplace conflict. In some workplaces, sensitivity training regarding ageism might be necessary. Getting an office environment set up for Millennial workers in a world where they are the majority partly means understanding the realities of this generation’s struggles. It also means finding ways to avoiding escalating the generational conflicts that have been going on for years.
If you are looking for an office to accommodate all generations including Millennials in the Workplace, Contact us. We can Help!
Leasing a new office is a big step. Yet, this means you are moving up in your career and ready to for a new place. Finding just the right office is a challenging goal. However, with the help of office space virtual tours, the task is made simpler. Here are 3 reasons why office space virtual tours are beneficial when you are looking to find office space.
Saves you time
Time is precious and no one seems to have enough to spare. Searching for offices to lease takes time. Driving to each and every one could prove tiresome. Taking a virtual tour of your prospective new office gives you a realistic view of everything you need to see. You can save all the time you would have spent driving to the location by simply touring the office at home on your computer.
Helps you narrow down your prospects
There may be several office spaces for lease. After reading the description of each one you may have a difficult time deciding which one are worth pursuing. When you take virtual tours of the places, you can quickly determine which ones are satisfactory to you.
Works with your schedule
Everyone is on a tight schedule. The times you are available to see an office space for lease may be the times the owner is not available. You may want to preview a place during your lunch hour, late at night, or on a holiday. Taking a virtual tour means you can take a tour anytime your schedule allows.
In today’s world, finding an office space for lease is more convenient than ever. For more information about virtual tours for offices, contact OfficeFinder today!
Here is a good example of and office space virtual tour of Safeco Plaza office space in Downtown Seattle: