Ready to Find Your Next Star Performer?
In this tight job market, business leaders are seeing high turnover rates and employees that seem to job hop. One of the best things you can do as a business leader is to take steps to ensure your employees stick around. Millennial’s make up over a third of the workforce. Here are some important steps you can take to retain your employees.
Statistics of Millennial’s in the Workplace
Millennial’s make up a good portion of the workforce today but unlike their counterparts, they tend to stay at a job for only about 2.5 years. However, most millennial’s envision themselves staying at these jobs for nearly a decade. So, what does this tell us?
That millennial’s lack engagement in the workplace. Let’s take a look at why this is different for millennial’s and how leaders can increase employee performance and job tenure.
Satisfied Employees Aren’t Necessarily Engaged
Many business leaders make the mistake in thinking that happiness is a sign of engagement. They offer great job perks such as entertainment and free food. However, while these perks can lead to employee satisfaction, they’ll do nothing for employee engagement. This is important to note because these perks are an investment that won’t bring you higher performance and greater profit.
One of the biggest driving forces to engagement is having a purpose. Giving your employees their “why” and making them feel like they’re part of something bigger is the key to having engaged employees. You need to create a workplace culture that gives your employees a sense of fulfillment and purpose.
How to Find Your Employees’ Purpose
Communication between your management staff and your employees is vital to understanding their “why”. This can be done through open communication forms as well as private and anonymous feedback. Everyone has a different driving force behind their motivations and your job is to help them discover that.
Most employees don’t have a reason why they do what they do. You’ll need to find that driving factor to help them see that they truly are part of something bigger. They are all working together for a greater good and therefore want to see your company through to success. Once you help them find fulfillment at their jobs then you’ll see a team of engaged employees.
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