If you are a member of Generation X or older, you might have noticed your workplace undergoing significant changes more often than usual. The technology used in daily operations is being updated, streamlined, and implemented from the top-down. The language of your workplace might be changing and evolving. The new hires appear to look younger and younger every day. As millennials age, we will see a rising trend in places of business being dominated by millennial culture and influence, and that just might be the answer to a necessary major overhaul of corporate culture throughout the United States.
The Baby Boomer generation used to be the largest generation currently employed in the United States. As they start to retire and leave the workforce, the road is paved and shiny for millennials to fill those positions. Since 2016, millennials have made up a majority of the American labor force, and American work environments are seeing the signs of progression. Millennials are an inspired and ambitious generation, despite their reputation for lacking initiative and being obsessed with the latest tech. Their most notable trait however is their standards for corporate culture.
Millennials—more than any other generation—are famous for job-hopping. Over half of working millennials have reported that they are usually open to new job opportunities. Not only are they less likely to remain at any one position indefinitely, but they are also more focused on the comprehensive definitions of an organization’s culture. If corporations throughout the country wish to continue hiring new employees, they may have to take a harder look at their corporate culture. “Clearly, many young professionals are thinking about more than money and are willing to sacrifice a portion of their salary in exchange for a career move that more closely aligns with their values or passions or improves their work-life balance,” said Kristen Robinson, senior vice president, Women & Young Investors, Fidelity Investments.
While working millennials have previously been characterized as desperate hamster-wheel employees struggling to pay off student loan debt, recent studies have shown that millennials are seeking a work-life balance that is supported by their employer. Work-life flexibility can come in many forms, such as flexible scheduling and remote working opportunities. The Sloan Center on Aging & Work reported “a study of more than 19,000 employees showed that stress and burnout was lower among workers engaged in all types of flexibility arrangements.”
What we know about the cycle of corporate culture indicates that these employees who are having more positive work experiences through work-life balance are then pouring themselves back into their employment, furthering the health of the organization’s culture. According to Gallup, teams with high employee engagement rates are 21% more productive and have 28% less internal theft than those with low engagement. When employees are engaged, the wheels of the corporate machine turn fluidly.
Corporations can begin the process of improving their corporate culture by soliciting an independent corporate culture audit from firms in the risk assessment and private investigation industry. If your corporation is suffering from a corporate crisis, don’t hesitate. Even if the crisis seems relatively minor, it could be symptomatic of a larger problem within your organization. Call Lauth Investigations International today for a free quote on our brand-new Corporate Culture Audit (CCA) program. Our dedicated and qualified staff composed of former military and law enforcement officers will get to the bottom of your internal problems. With Lauth Investigations International, you can expect hands-on, comprehensive services, detailed reports, and expert recommendations. When it comes to your business or organization, you should only expect facts, not fiction.