It could be a dilemma for every tenured business owner in every industry. As an owner you look to hire talent that is young, energetic and committed to being a team member in building your business. Jack Mencini and Adam Sonnhalter co-hosts of Dirt Secrets of Small Business and business owners themselves with Maximum Value Partners (www.maximumvp.com) are often faced with this HOW question from their clients: How do I work with this new group of Millennials? They are bright, talented and eager but they come with a new attitude to the day-to-day routine of work. With this group, there comes change.
There are new ways to communicate between the baby boomers and the Millennials who would rather text or email than walk down the hall to have a face-to-face.
We encourage the business owner to take a look at their business and how technology has affected the workplace… your workplace. Maybe you really don’t need every single employee to be physically located in your headquarters. Don’t think that just because you can’t see your younger employee at your office doesn’t mean that he or she isn’t working. Research and analysis have shown that with many Millennials productivity and the volume of work accomplished is higher when done remotely.
According to an article on Forbes.com “Remote workers — overwhelmingly — feel they’re more productive: According to the survey, 91% of remote workers believe they “get more work done when working remotely,” compared to only 9% who feel they don’t. While it’s worth noting this is an employee self-assessment (as opposed to managers’ assessments), the large margin here does seem significant.”
In addition to the work location, millenniums want to be involved in the goal setting of the business.
A great way to have good communications with Millennials is to have open communications. Share with them the financials, the P&L statements, your vision, your balance sheet, inventory and vendor challenges. The more open you are with them, the more engaged they will be to be part of the sustainability, profitability and success of your business. It also helps to have a strategy that centers on the criteria of Plan, Direct and Control for effective leadership and collaboration with all of your team.
To get the inside scoop on how to be an effective business leader with Millennials, listen to the entire podcast. Access the podcasts on iTunes or at http://maximumvp.com/dirty-secrets-small-business-radio-show-podcast/
Do you have any How Questions of your own to email to Jack and Adam? Do it by sending your questions to email@example.com or submit a question on their web site at http://maximumvp.com/how/. Many of the How Questions can also filter back into the 7 Keys to Success to help you deal with these questions http://maximumvp.com/7-keys-to-success/
If you have a success story or a question you would like to share, email or call (firstname.lastname@example.org or 877-849-0670). You can also call in during the show each week at noon (EST) – 1:00 pm on WINT 1330 AM, call 440-946-9468 to ask your question to the Maximum Value Partners’ coaches!