As your business grows, it’s important to recognize how the workforce is changing. Though the workforce still remains somewhat evenly divided between Baby Boomers, Gen X and Millennials, the younger generations are moving in and moving up, while older generations are moving out and retiring. In fact, by 2020, Millennials will make up over 50% of the global workforce!
But despite these changes and the challenges they present, employers and employees alike should understand these are also key opportunities for collaboration, learning and growth. Therefore, it’s critical for employers to adopt the right collaboration tools and technologies (in addition to updating their BYOD and telecommuting policies) to support the younger generation’s preferences, expectations and outlooks toward work.
Millennials are three times more likely to stay with your business longer if it promotes and enables collaboration, especially across different teams and departments.