By 2020, millennials will form 50% of the global workforce.
Unlike previous generations, millennials grew up with the Internet, social media, and a 24-hour news cycle. It’s no surprise that they desire a work environment equipped to handle their fast-paced lifestyles.
To gain the best employees from this generation, your business will need to do things differently.
And it starts with integrating on-demand training with your professional development.
Myths About Millennials
Millennials have gained a bad reputation in the workplace. Some managers consider them lazy and entitled brats.
However, according to an IBM Institute for Business Value study, “the differences among Millennial, Gen X and Baby Boomer employees have been grossly exaggerated.” Researchers found that the three generations possess similar career aspirations and attitudes.
So, don’t discount the future workforce. Instead, debunk your myths about millennials.
For example, one myth is that millennials aren’t loyal to their employers. This isn’t true. They grew up in an unstable economy and saw how their family and friends struggled to retain employment.
In reality, this generation seeks stability. A survey revealed that 80% of millennials want to work for four or fewer companies in their lifetimes.
To meet the needs of your incoming workers, ditch your old-school thinking and understand their backgrounds.
Why Millennials Value On-Demand Learning
Millennials are tech-savvy individuals who are accustomed to receiving and sending information with the click of a button.
From Facebook to Netflix, this generation lives online and values on-demand everything, including shopping and entertainment.
More importantly, millennials enjoy on-demand learning because it fits their lifestyles.
For instance, online courses offer convenience. People can learn anywhere, anytime if they have access to a computer and an Internet connection.
Another benefit is self-paced instruction. With on-demand learning, individuals learn based on what works best for them. So, if you’re optimal learning time is during non-business hours, an online course offers you that option.
Furthermore, millennials consume information quickly. With on-demand learning, they receive instant feedback to build their skills faster.
Technology has molded a new generation to learn differently. Now, it’s time for your company to do the same.
Embrace the On-Demand Mindset
A majority of millennials believe their work environment will be more important than the size of their paychecks. And that workspace includes how they gain professional development.
But do millennials want training? Yes.
This generation wants to learn new skills and actually seeks out employers who offer job training.
According to a 2013 survey conducted by CareerBuilder, “35 percent of workers agree that increasing on-the-job training and development opportunities entices them to stay with a company.”
However, the key is to teach millennials their way–through online courses. Cater to their needs by offering on-demand training.
Online training gives millennials the flexibility to learn on their own schedule and at their own pace. Moreover, your business saves money and gains a well-trained employee.
Like it or not, millennials will be a part of your employee pool. Rather than focus on the myths, create strategies to prepare this upcoming workforce.
Understand why millennials value on-demand learning. Then, shape professional development to meet those needs.
If you want top-notch millennials, try on-demand learning today.