Business leaders and members of the management teams need a new strategy in managing their millennial employees, so that the employees continually show motivation to work and remain committed to their jobs. Because millennials bring with them distinct behaviors, beliefs, and values, current management practices may not be as effective towards millennial workers. Nearly 75% of managers worry about their ability to manage and keep their millennial employees due to a new set of challenges millennials bring into the organization (Ferri-Reed, 2014a). Managers hold negative stereotypes concerning their millennial employees, and they are unsure whether millennials should adjust to their workplace or the managers should adjust their leadership styles (Kilber et al., 2014). Much of what managers know about millennials come from what the media portray them to be or through personal observations from their own children who show similar traits (Costanza & Kinklestein, 2015). Indeed, millennials continue to be a misunderstood generation. Without a strategy in place, businesses stand to see a high turnover among their millennial workers. It is a managerial challenge not only to hire the best talent, but to ensure that businesses are able to keep them employed. Although millennials are entering the workforce in massive number, they are known to have such high expectations of their employers, and they are likely to hastily leave their jobs if employers fail to meet those expectations (Tews et al., 2015). The baby boomers will leave skilled job positions that are difficult to fill (Ng et al., 2016). The departure of baby boomers from the employment sector creates challenges to industries. Understanding what motivates millennials is a necessary undertaking in helping businesses continue to be productive and profitable. The motivation strategies toward the older generations may not necessarily work towards the youngest generation employed today. It is in this light that the study of generation Y (millennials), the largest group in worldwide employment (Nolan, 2015), has become an ever-important subject. Aside from experience, the employees from different generations bring with them their values, attitudes, and personal beliefs in their workplaces that define them as workers (Sanner-Stiehr & Vandermause, 2017). The social, economic, political, and environmental experiences of these generations have shaped their values. Born between 19, millennials comprised 83.1 million, or about a quarter of the U.S. Although generation X moves up to take upper management positions, millennials are flooding the global workforce. In 2010, baby boomers had started to retire, and by 2030 around 60 million Americans will be at the retirement age of 66 years or older (Manda, 2015). Proper their organizations and societies in the future.Ī historic employment turnover exists that suggests an unprecedented proportion worldwide. The implications of this study for positive socialĬhange include the potential to help millennial workers grow in their careers,īecome financially stable, and develop into prospective leaders prepared to Strategies to manage millennial employees to keep their organizations The findings of this research are significantįor small business leaders who want to implement effective motivational
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Relationship, and professional development. Three themes emerged fromĭata analysis: rewards and recognition, high-quality leader - member Data were coded andĪnalyzed following Morse’s method of data analysis. Review of company documents, websites, and social media. Semistructured, face-to-face interviews using 7 open-ended questions and a Restaurant businesses in eastern North Carolina, USA. The study population included 4 leaders of small Multiple case study explored the strategies that business leaders used to Using Gilbert’s behavior engineering model as a conceptual framework, this Knowledge and ability to train, motivate, and retain millennial employees. Which is a concern to business leaders in the United States related to having Mantua St., next door to A.J.Millennial workers occupy the majority of employment positions worldwide, Contents: Individuals, Unidentified - Male