Who are these so called generation “Y”?
Why are they been spoken about often?
There are many questions one can come up with when talking about generation Y. Generation Y, also known as millennials are been placed in a demographic position using birth years ranging from the early 80’s to Late 90’s.
Every generation has its own attitudes, values and behaviors. Generation Y is considered different and difficult to handle in the work place by some. Yes they are different and it is only difficult to handle when people cannot understand what the difference is. Understanding Gen Y is essential in order to retain young employees to optimise productivity and grow. Generation Y (Gen Y) employees are tech savvy and capable of bringing new ideas and innovations into the work force similar to previous generations. Some employers say managing this group of workers has its ups and downs. They have opinions and they expect people to be interested. They believe in participation, interaction, discussion and collaborative decision making and want to be a part of the decision making process of the company.
The “Gen Y” has always been praised for thinking out of the box and being creative and has the ability to contribute immensely towards the success of an organisation. There are many challenges faced when managing younger employees however it is more about bringing out their potential than dealing with the challenges. By tapping their potential, Gen Y can prove to be energetic, hungry and innovative employees. Not everyone can work on two or more things at once but Gen Y workers are excellent in multi-tasking. They can listen to a discussion and text to a coworker for more information and also can work in an environment where so much of things going on. They love to do things in a different way than sticking in to traditional or older ways and often excited and motivated by change.
As a leader, manager, supervisor or mentor it is important to identify the thing that you can do to increase efficiency and motivate the young employees. Do organisations consult the youngest members for their ideas? Are they a key driver of your organisation? Organisations need to take strategic decision to deal with these employees. The younger generation tends to change jobs frequently in order to gain experience and learn across diversified industries. Behavior of Gen Y is inconsistent and some are motivated by money and others are not. Retaining the young talent is a challenge and employee motivation plays a huge role in it.
It is important to identify the elements that influence this younger staff of an organisation and come up with strategies to get them to perform at their best. The work place matters a lot to the millennials and wants it to be fun and an enjoyable place. However some of the strategies that an organisation can come up with could be to encourage creativity, welcoming change, making teamwork the way to work, get excited about the technology, and making a culture which is fun to work and to be in. These would help the organisation to bring out the best out of the young and energetic employees and to increase productivity thereby achieve company objective efficiently and effectively. Most of the companies has identified the importance of the Gen Y work force and some still have not adapted to the change that need to fetch the best results from the young blood involved in organisation’s day to day activities.