Managing millennials performance in the workplace

Millennials now comprise a significant portion of the workforce, and they walk to their own beat. As employers it is always important to understand what millennials expect from their workplace when it comes to performance management. It is always better to understand what their aspirations, priorities, thoughts and motivations are. These aspects will give you an insight on formulating the right strategies to drive employee engagement, retention and recruitment. It is important to understand that this generation is usually very well educated, confident, and well-versed with technology. They prefer simple structures when it comes to performance management. Millennials are very skilled in multi-tasking which is exactly why they crave flexibility to stay motivated during their performance management processes.

They are revolutionizing work culture, and managers must acknowledge their workstyles, especially because by the year 2030, 75% of the workforce will be millennials. Managers often struggle with millennials wanting flexible work schedules and work-life balance, and the fact that they are typically not easily engaged. Millennials have different work desires from previous generations. They don't want to work extra hours, but that's not to be construed as lazy. Many studies have highlighted that millennial are driven by a desire to make a positive difference in the world. Millennials are known rightly or wrongly as job hoppers. But what they want and need from a job is an opportunity to connect and grow while feeling like an organic part of the company. This is a highly attractive quality that organizations can offer to attract and retain millennials. Millennials work differently from past generations. They don't want to sit behind a desk for eight hours, forced to put in face time at the office. Rather, they prefer to work the hours they feel is needed to get their work completed. As a result, remote work is becoming more common within organizations.

Questions:

1. As stated above, millennial isnt afraid to leave his job in case his expectations have not been met, or he is unsatisfied with organization processes or prospects. In other words, job hopping is a norm. In addressing this issue, what will your TWO (2) best strategies in retaining high performers millennial. (20 marks)
2. By the year 2030, it is expected that 75% of the workforce will be millennials. Millennials might have different work desires from previous generation. Explain FOUR (4) main changes that millennials will bring to workplace that have impact on the performance management practices. (20 marks)
3. As stated above, millennials dont want to sit behind a desk for eight hours but prefer to work the hours they feel is needed to get their work completed. This means that millennials want flexibility in where and when they work. Discuss THREE (3) main challenges that employer might anticipate with this kind of work arrangement demands.(30 marks)
4. Discuss THREE (3) performance management strategies for millennials. (30 marks)