The millennial generation is a hot topic now. As a result of their lack of standardization, however, these numbers are routinely misapplied to depict various patterns and data. In any case, Millennials will be the largest group of workers in the workforce by 2020, regardless of how you define them. Generation Y (the generation born after them) is predicted to make up 35% of the global workforce by 2020, while baby boomers and Gen X (the generation before them) are expected to retire. More than half of the working population falls into this category.
Millennials and Gen Z are a significant part of the workforce (and, more than likely, of your client base), so you need to adjust your telecommunications to meet their needs. Emma Houston, the originator of the Tracksuit Economy and the author of a book of the same name, says that a lot of people don’t know what the Tracksuit Economy is or how it works. “Flexibility in the workplace is a top priority for millennials.” In some recent surveys, flexibility ranks as high as compensation in terms of what people want in a job. As a result, organizations that can offer remote working possibilities are drawing in better talent pools “as a matter of fact.”
In addition, millennials are no longer the new kids on the block in the workplace. Higher-level millennial workers have 10 to 15 years of experience under their belts, making them well-suited for leadership roles and an important voice in setting the direction of a company’s future.
“Employees, particularly millennials, are searching for the independence that comes with having access to all aspects of work. To keep their best employees, companies must allow them to work remotely and still be just as productive, if not more so, than their in-office counterparts. Otherwise, they run the danger of losing some of their most talented employees.
“The ability to work from home is something I strongly support.” Your staff can prosper if you have suitable systems in place and operate on a ‘work-based accountability’ model. Moreover, as you know, when your staff is happy, they produce better products, interact better with your consumers, and generate more revenue for your business.
For the younger generation, being able to work from anywhere has become a desirable bonus. With the advent of digital transformation, employees no longer must be confined to a single place to perform their jobs. It’s fantastic for parents who must combine school runs and other appointments with their jobs, and it’s great for businesspeople who have to attend meetings all over the world. With flexible working arrangements, you may take advantage of people from all over the world who have the skills you need.
In order to reap the benefits of remote working for your staff, you must ensure that it is done correctly. At Club Sandwich Consulting, Kateena Mills, the company’s founder, and People and Culture Consultant, advises: “There must be a great deal of trust between the employer and the employee in order for flexible working and remote working to be successful.” While well-managed remote work can be a wonderful advantage to employees, it can also lead to disengaged workers who are less productive and connected to the company’s brand and mission than they would be in a physical office.
“It’s important to be more deliberate in your cultural activities and to make sure that your employees feel linked to the company and to each other in order to keep them engaged and productive. Regular video meetings can be used for online ‘watercooler’ talks as well as regular opportunities to meet in person and put “names with faces.” On a case-by-case basis, I feel that flexible working should be evaluated based on aspects such as role, expectations, the reason for flexible working, commitment and trust between the employer and employee, and many more.
Besides this, directors and business owners are increasingly working from home, with the result that many companies are now only operating from mobile devices. It’s been a game changer for Jane Simpson’s cell-only firm, according to her. “With the right equipment and apps, moving your business to a mobile device can provide you with a lot more freedom. At any time, I may run my business from any location. When I need to, I check my email and bank accounts and make payments. My smartphone serves as both a camera and a marketing tool for me. I couldn’t manage my company without my phone. “
The use of VoIP (Voice Over Internet Protocol) is one of the techniques that has helped to make remote working a reality for many firms, allowing their employees the resources they need to work from home. Any device, desktop, or mobile app, may now perform all of the functions previously only available on a dedicated device. In the words of Wedding Cakes Australia, it’s ideal for workers whose jobs necessitate them traveling frequently.
When it comes to using important business apps, cloud computing has changed everything. SaaS (Software as a Service) and cloud-based servers are increasingly being used to meet the demands of today’s “always on” workforce, which demands speed, convenience, and efficiency. Since there aren’t many servers on-site, high-bandwidth connections are particularly important.
BYOD, or bringing your own device to work, is another behaviour that today’s workforce expects from their employees. Several other initialisms, such as BYOT (Bring Your Own Technology), CYOD (Choose Your Own Device), and even BYOA, have developed as a result of the rise in the use of BYOD (Bring Your Own Application).
Most companies are still wary about allowing their staff to use their own mobile devices to access their IT systems since this lack of control presents significant security and support issues. There are, however, several measures your company may take to ensure the safety of your remote workers. Securing mobile devices with Mobile Device Management (MDM) software, storing documents in the cloud using SharePoint, and encrypting business emails are all examples of these best practices.
Almost half of the respondents to the Employee Matters survey said they’d prefer to be able to work from home after receiving a raise, making flexible working the most sought-after employee benefit. As a result, your company should adapt to the demands of a modern workforce by offering this as an alternative.
An entrepreneur who works with people who want to start their own businesses adds: “More and more people are embracing remote-first cultures that value work-life balance as a strategic imperative for the bottom line, free from the shackles of the commute and drawn to the culture of trust, learning, and increased autonomy.” Successive firms around the world are outperforming their profit and impact targets through a healthier, happier, and more empowered workforce, thanks in large part to pioneers such as Microsoft (remote working) and WordPress (100 percent virtual company).