When it comes to motivating Millennials at work, the typical approaches of bonus structures and employee perks don’t work as well as they used to. In this article, we’ll take a look at what does work to motivate the Millennial generation, currently the largest generation in the workforce.
As reported by Inc. Magazine in their article, Bizarre Study Finds Pizza Motivates Employees More Than Cash Bonuses, a study of productivity at a computer chip plant in Israel showed that employees were motivated more by pizza than they were by cash incentives.
At first glance, this would seem to indicate that it’s time to stock the shelves of your breakroom. Brownies, biscottis, and back massages… all you need to do is provide extra “perks” and you’ll be able to keep your employees engaged.
However, when asked what motivated them at work, Millennials reported that having flexible hours and greater work-life balance is important. The Harvard Business Review takes this a step further in their article, Motivating Millennials Takes More than Flexible Work Policies, highlighting that Millennials also need to work for a company they believe in, and receive consistent communication from their managers to stay engaged.
So what was it about the pizza that worked to motivate employees at the computer chip factory? Our guess is that it wasn’t the pizza. It was the opportunity to sit down with everyone on the team, including the manager, on a regular basis and reflect on their success. Those simple conversations proved far more effective than cash in the long run.
To learn more about motivating the Millennials in your workforce, contact us for a complimentary evaluation.
Read the Latest Posts
When it comes to motivating Millennials at work, the typical approaches of bonus structures and employee perks don’t work as well as they used to. In this article, we’ll take a look at what does work to motivate the Millennial generation, currently the largest generation in the workforce. As reported by Inc. Magazine in their […]
Work-life balance for Millennials is much different than previous generations. When we look at the challenges Millennials face as they enter parenthood and take on increasing responsibilities in the workforce, is no surprise that Millennials are taking a different approach to work-life balance. A global study by EY titled Work-life challenges across generations reveals the […]
The pioneering CEO of Salesforce.com, Marc Benioff, says: “When you look at the Millennials’ value system, what Millennials want, they want to have meaning in work. They want to understand that the company they’re working for is not just building products and selling products.” The most promising Millennials in your workforce want to combine profit […]