Date post: | 26-Jan-2017 |
Category: |
Business |
Upload: | switchpitch |
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Millennials Employee
EngagementWhy Millennials are Changing the Way
Businesses Approach Employee EngagementDavid Mendlewicz, Co-Founder, Butterfly
“Future of Work”
Millennials have unseated Boomers as the largest generation in the U.S. workforce
First generation of digital natives
First wave of workers to matriculate as part of the on-demand economy
A Design for Tech-savvies
Traditional Approach
Once-a-year performance review
For determining salary adjustments, promotions, etc
A Design for Tech-savviesNew Solution
Always-on capture
Citi, partnered with Butterfly via Switchpitch, is adopting a mobile experience provided by Butterfly
30-second “pulse” survey
Once a week
Track employee happiness and engagement
Help young managers develop soft skills
Other adopters include: Coca-Cola, Ogilvy, Ticketmaster..
A Refreshment for “Job Hoppers”Millennials’ shorter tenuresIn the past 20 years, the number of
companies employees have worked for in the 5 years after graduation has nearly doubled.
45% of workers plan to switch jobs within 2 years of their start date.
A Refreshment for “Job Hoppers”HR team’s strategies to keep top talent engaged
Identify worker’s motivation, such as
Employee empowerment
Feeling aligned with the company vision
Trust on their employer
How much they respect and/or trust their manager
A well-established career path
Opportunities for continued learning, leadership training, etc.
A Boost for Young LeadersMany Millennials wish to move up the leadership ladder sooner, because they
are natural born entrepreneurs
strive for more responsibility at a younger age
A Boost for Young Leaders
But corporates find challenges in boosting young “stars” due to
insufficient soft skills
lack of leadership training
Takeaway for HRReconsider your current methods of collecting feedback
❏ Lining up with the pace of change
❏ Sufficient leadership training
❏ Effective for millennials
❏ Act on real-time data
Thank You Please visit switchpitch.com and butterfly.ai for more information