Gen Connect Recruiting

BLOG

  • 01, November 2016

How to Keep Stressed Millennials Happy and Engaged in the Workplace

Millennials are quickly becoming one of the largest generations represented in today’s workplace. In fact, by the year 2025, it is estimated that Millennials will make up 75 percent of the workforce. With only a small representation of Generation X and the increasing retirement rate among Baby Boomers, many businesses will be facing a leadership gap that can only be filled by Millennials.

To ensure these employees are ready for the limelight in leadership, it is important for more mature generations to fully understand what makes Millennials tick. Every generation has its own values and quirks, but the Millennial generation is quickly becoming defined by their tendencies to experience stress and anxiety.

According to the American Psychological Association (APA), Millennials (and Gen Xers) are experiencing more stress than older generations. The survey found that these “younger generations” report an average stress level of 5.4 on a 10 point scale where 1 is “little or no stress” and 10 is “a great deal of stress”. Baby Boomers reported an average stress level of 4.7 out of 10. Thirty-nine percent of Millennials said their stress had increased in the last year, compared to 36 percent of Gen Xers and 33 percent of Baby Boomers.

So, what are the sources of stress for Millennials and how can employers combat them? We’ve put together the top three things that cloud the mind of a Millennial on any given work day to help their peers, coworkers and leadership better understand and relate to this generation:

Financial Status:

From student and credit card debt to retirement planning and home buying, Millennials are consumed with stress about their financial status. A recent study found that 54 percent of Millennials are worried about repaying their student loans, and only 36 percent of those surveyed have a retirement investment account or pension.

“This generation is at a crossroads,”said New York City comptroller Scott Stringer. “They worked hard, got an education and then faced roadblocks to getting a good-paying job,” he said. Living through the aftermath of the 2008 financial crisis has brought on new personal finance responsibility for Millennials and as a result, has become a source of major stress for the generation.

In turn, Millennials are seeking out strategic ways to alleviate this financial stress. One major way this generation is trying to improve their financial status is through professional development and career advancement. A recent Princewaterhouse Coopers survey found that opportunities for advancement in their careers is far more highly prized by Millennials than anything else in defining an attractive employer. Mentorships, trainings and professional development opportunities are important to keeping Millennials engaged and feeling positive about their future opportunities and advancements within their organization.

Work/Life Balance:

The term “work/life balance” has been on the tip of every employer’s tongue for the last few years. But the term is more than an overused, ambiguous phrase to Millennials, it is a long-term goal to achieve. Happify, a company that uses innovative technology to empower individuals to live happier lives, produced research from over 250,000 of its users and the more than 12 million words they wrote about the things they are grateful for and their short-and long-term goals in life.

For their long-term goals,the most popular responses from Millennials included bettering their work/life balance and reducing stress in their lives. Thanks to a combination of financial stressors from student debts and a rising retirement age, Millennials are quickly becoming a generation that will be working most of their lives to stay financially stable. That’s why a work/life balance is increasingly becoming a top benefit Millennials seek from an employer. By allowing Millennials to work remotely or have a flexible work schedule, they will feel less stressed and more confident in their workplace performance -- another source of stress for this generation.

Their Personal and Professional Performances:

For short-term goals, Happify asked users to specify goals for the week that advanced them toward their long-term goals. The research team found that the four most common topics mentioned were, “do things from my to-do list,” “apply for a job,” “get out of my comfort zone” and “stop worrying.”

Happify’s Chief Data Science Officer, Ran Zilca, said, “This suggests Millennials are stressed and worried (and aware of it), and are occupied with getting a great job and going about in a way that is conscientious and organized, unafraid of pushing the envelope and facing challenges. Looking at both long-term and short-term goals, we see a clear focus and an attempt to address worry and stress.”

Affirmation of their performances in the workplace can keep Millennials focused and happier in their jobs. Many employers only focus on producing annual reviews, but Millennials are hungry for more feedback and assessments to validate their performances. And while this can be misconstrued as being “needy”, this type of consistent engagement is actually how the generation learns. By offering assessments and professional development opportunities, Millennials will not only be able to see advancement in their career (that subsequently will address financial stress), but they’ll also feel more engaged, and likely to commit to their organization long-term.

The overarching theme that keeps Millennials stressed is their constant need for perfection and self-improvement. Whether it is to be a top performer in their career or maintaining control over the balance of their personal and professional lives, Millennials are perhaps one of the most recent generations to be so self-aware and focused on their successes. This generation, once misunderstood as entitled, are on a path to achieve bigger and better with every step in their journey to define personal and professional successes.

  • Published by Leigh Lones
  • 9

9 comments on “How to Keep Stressed Millennials Happy and Engaged in the Workplace

  • HAKAN KAYA

    • 02, August 2017
    • 08.31 pm

    Hello... My name is Ramazan Recber. I live in Adana Turkey, I Like This Website... This Website Very Beautiful... http://www.adanaklimaservisileri.com

    Reply
  • RAMAZAN RECBER

    • 02, August 2017
    • 08.29 pm

    Hello... My name is Ramazan Recber. I live in Adana Turkey, I Like This Website... This Website Very Beautiful...

    Reply
    • ERSAN KıLıNç

      • 02, August 2017
      • 08.30 pm

      http://www.adanaklimaservisileri.com/

  • SAIGOUD

    • 16, May 2017
    • 07.43 am

    iam looking for this type of articles from many days i found your website recently thank you

    Reply
  • SAIGOUD

    • 16, May 2017
    • 07.42 am

    iam looking for this type of articles from many days i found your website recently thank you

    Reply
  • JUMBO

    • 13, May 2017
    • 09.50 am

    Thanks for sharing the valuable information, very helpful indeed. Keep on writing the similar articles. waiting for your next articles.

    Reply
  • JUMBO

    • 26, April 2017
    • 07.44 am

    Nice keep posting.

    Reply
  • CAREER

    • 08, March 2017
    • 10.27 am

    Thanks for sharing this valuable information to our vision. You have posted a trust worthy blog keep sharing .Nice article i was really impressed by seeing this article, it was very interesting and it is very useful for me.,

    Reply
  • KUNAS

    • 28, January 2017
    • 10.19 am

    Thanks for sharing this valuable information to our vision. You have posted a trust worthy blog keep sharing .Nice article i was really impressed by seeing this article, it was very interesting and it is very useful for me.,

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *