Meet the millennials

10

5. They want to talk business

You’ve heard it before, millennials love to see the bigger picture. They want to understand how the value they’re providing

on a daily basis when they come to work is contributing to some greater goal towards which the company is edging.

Companies need to involve millennials more in this bigger picture. Asking their opinion on how to improve the customer

experience, or what products you should be planning next not only makes them feel more included but also gives them

context for their work going forward. It’s as easy as setting up monthly focus groups or sending out a poll on what could be

done better.

6. They need the right manager

Traditional leaders are often “drivers”. They’re the fiery, results-oriented people who get things done but could potentially

derail millennial engagement efforts. Millennials grew up with no clear lines of authority. They grew up being praised and

heard. Reaching the workplace and facing different treatment could therefore be a tough adjustment for the common

millennial.

Companies need to encourage the adoption of different management styles. This might mean less focus on purely getting

from A to B, and more on collaboration, communication and identifying the best way to reach B. Companies could even

introduce training courses for manager-level staff focusing on attributes valued by millennials such as being transparent,

good listeners, relationship-oriented and so on.

Employee engagement is of the utmost importance. If you need reminding,

here’s why:

Employee Satisfaction : Engaged employees are

invested in the success of their company and have a

relatively higher degree of commitment and loyalty.

Productivity: Engaged employees often become top

performers, as they are committed to “going the

extra mile” to achieve company success

Recruitment & Retention: Engaged employees

significantly lower the risk of employee turnover for

the company, meaning less money invested in

constantly recruiting new and trying to retain new staff

Innovation: Engaged employees bring an added

level of passion and interest to their job, which often

leads to increased innovation as a by-product

Profitability: Engaged employees are naturally more

productive and efficient, in turn positively affecting

the company’s bottom line

© 2017 KPMG LLP, a UK limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG

International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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