A global study by EY titled Work-life challenges across generations reveals the differences between Millennials approach to work and life compared to other generations, in particular the dramatic shift in perspective from the Baby Boomer generation to the Millennial generation.
More Millennial parents are working full-time than any previous generation, and the increased stress is leading them to demand greater work-life balance. According to EY:
“Millennials (78%) are almost twice as likely to have a spouse/partner working at least full-time than Boomers (47%).”
Both partners working creates a particular challenge for Millennials work-life balance, especially new parents in the Millennial generation. As a result, Millennials are seeking greater flexibility in their working hours and working conditions. To retain your Millennial employees, you should offer them the ability to work from home, or work according to flexible hours that meet their personal needs.
At BestWork, Inc., we believe it’s important to maintain face-to-face and telephone communication for a healthy work environment. The best workplaces are likely to allow flexible working conditions while still ensuring that consistent communication and thoughtful conversations occur.
You can read more about the problems Millennials face in our article on the The 10 Most Serious Problems Faced By Millennials.
To learn more about creating a positive work environment that addresses the challenges Millennials face while maintaining, and even boosting productivity, consider enrolling in our Managing Millennials 3-Day Mini-Course.