8 Ways to Keep Your Filipino Millennial Employees Loyal and Committed
It is true that millennials have dominated the employee pool all over the world. In fact, Business and Professional Women’s Foundation said that millennials would dominate the workforce by 95% in 2025. The millennials are the new batch of the workforce that are quite different from the previous generations. Often labeled as entitled and laidback, millennials have certainly developed their own style of working and productivity.
Listed below are some tips and tricks to keep your Filipino millennials invested and engaged in your company.
1. Give value to company culture
Millennials love the perks. You can make these young blood stay loyal and committed to your company by providing an incentive program and cool rewards like free lunches and company cars.
For example, Google lets their employees have unpaid leaves with medical benefits. Moreover, social media giant, Facebook, has a barber shop inside their office. A time for a siesta? Sure.
Instantly, all these improve the company culture, employee happiness, motivation, productivity, and help in reducing stress and turnover.
2. Have an inclusive collaboration
According to a study posted on Ragan, 91% of millennials will work to succeed when they know and understand their overall role in the company, in comparison to the 23% who said otherwise.
Millennials look for fulfillment. Your millennial employees need to see that they are a part of a great bigger picture. They need to see that the work they put in matters and creates an impact.
3. Show them career growth with your company
Based on a study by PwC, 52% of the millennials said they’re most likely to stay in the company if there are growth opportunities. Millennial employees will stick around your company when they know that they have a proper career ladder to step up. These young blood like to see their future in the company and like being ambitious and goal-oriented.
4. Keep channels open and always be transparent
Filipino millennials live in the peak of social media and technology where they share almost everything, which is why they bring this same kind of attitude in the workplace. They expect the company they’re working for to be upfront and honest to them.
Millennials value sharing of company decisions even if they’re not directly involved in the process. It builds trust and sense of community which determines their mindset if they want to stick around in the company.
5. Get rid of hierarchy
In connection to the previous point, millennials like to think they have a voice and that their voice is valued in the company. Having an organizational structure that is flat will motivate them to do more than what they are tasked to do.
Not to totally remove managers and team leads, millennials just need to understand their future in the company and their overall career trajectory.
6. Make mentorship and feedback a priority
Annual reviews don’t sit well with millennials. They prefer quick and constant feedback from their managers. Once in a while, you should check up on them and their work. It doesn’t have to be a well-structured feedback. Simple acts that would make them realize that they are working for a “give and take” company will keep them loyal and committed.
Also, introduce the idea of reverse mentoring where both the mentor and mentee learn from each other, as this would affect their productivity and relationship.
7. Let work challenge them
Routine is one way for millennial employees to rush out the door. Since they are known to have a short attention span, millennials like to approach their work anew every single day. They tend to master skills pretty quickly, and you should be ready to give something fresh to do and to learn.
Keep them guessing and wanting for more, and surely, they will work better. Progress is the name of the game for this bright-eyed generation.
8. Never forget the basic employee needs
Based on the same study by PwC, 44% of the millennials said they would most likely go and stay with an employer who offers a competitive wage. Just like anyone, they need proper compensation and other benefits that come along with a job like health card and relaxed working hours.
Moreover, it doesn’t hurt if your company also keeps up with tech trends like using Slack or Google Chat for internal communications. What’s more is that you can up your strategy further by implementing incentive programs for employees.
It looks like it takes a lot for you to make these millennials stay in your company, but in reality, these are existing work benefits which are just elevated to a whole new level. Maybe it’s time for companies to update what they think will increase their employees’ productivity and strengthen their loyalty.