Whether your company is underperforming or you want to move rapidly to the next level, you can count on millennials for fast growth. Here is a demonstration of key traits about millennials and their unique traits your company can tap for faster growth.
Who are Millennials?
Although no specific definition of a millennial is available, there is a general consensus that this is the group of people born between 1980 and 2000. The most notable traits of millennials are that they are tech-savvy and like doing the bulk of their work on computers or mobile devices. Here are other important attributes of millennials.
- Environmentally conscious.
- They prefer greater work flexibility.
- Not quick in starting families.
- Almost 100% of millennials use the internet.
How Millennials can Help Your Company Rejuvenate Its Operations
Now that you know the main traits of millennials, here is a demonstration of how they can help rejuvenate your enterprise.
- They Come with Advanced Skills in Doing their Work
Over 1/3 of millennials have a college degree, which implies they possess knowledge that you can tap into to drive business. All that you need is to select millennials in your field, such as hospitality or engineering, and then motivate them. Within a very short time, you will realise the positive changes, such as improved network and faster achievement of targeted results.
- Millennials Can Quickly Help the Company Become the Best in the Industry
Unlike the baby boomers ahead of them, millennials do not fancy the 9 am to 11 pm model of working. Rather, they prefer to be more flexible. For example, some prefer working from home or holiday destinations, but they always meet their targets. So, if you run a software development company or hospitality organisation, millennials working remotely will not only meet but also surpass their objectives.
- Use their Connections to Achieve Company Goals
For millennials, the check received at the end of the month is important, but it is not the only point of focus when they report to work. Instead, they want to feel valued and respected. In line with this, you should make them feel part of the organisation, which comes with two unique advantages.
They carry the brand wherever they go, and use their networks to ensure your company becomes successful.
These imply that whether your company is targeting to grow online traffic, strengthen the brand, or simply grow sales, millennials will help you to achieve it more effectively.
According to Adrian Cheng, businesses must be quick to re-invent themselves and not simply target preservation.
His success as the CEO of the New World Development comes from the desire to craft a new business model, such as the K11 concept of blending people and nature. He believes that millennials can be that link that every business is looking for to move to the next level.