Millennials Migrate to Small Businesses
Companies with 100 employees or less employ about half of the Gen Y workforce.
Companies with 100 employees or less employ about half of the Gen Y workforce, research shows.
These are positive findings for credit unions and other small businesses, but this advantage might be lost unless small-business owners develop workplace cultures conducive to Gen Y’s needs, according to the Small Business Center.
Gen Y is an entrepreneurial group—one that prefers freedom and flexibility over big corporate policies, says Dan Schawbel, Millennial Branding founder.
Consider the following guidelines to attract and integrate these workers:
Encourage collaboration, regardless of job title or job description.
View technology as a catalyst to improving business. Gen Yers easily approach technology as a solution to issues.
- Be open to flextime. Gen Y members, among the hardest workers, don’t enjoy typical 9-to-5 workdays. They may need some time off in the middle of the week but will make up for it with extra hours over the weekend.