HRI COLUMN

2017/08/29Quan điểm của chuyên gia

Millennials- A new generation of workforce

Get to know the Millennial workforce:

By 2020, Millennials (individuals born between 1982 and 2004) will make up 35% of the global workforce. ManpowerGroup’s global research found Millennials work as hard, if not harder than other generations, and are optimistic about their careers. They prioritize money, people and purpose. With career ultramarathons ahead, Millennials are focused on developing the skills to ensure their employment security and build a “career for me.”

Millenial workforce in Vietnam:

According to Nielsen finding in 2016, Millennials make up 30% of Vietnam’s population, which translates into around 27 million people. While they’re years from fully establishing themselves, they’re already having a marked impact on the local consumer and workforce landscape.

5 Benefit of having Millennial at workplace:

Having a diverse, open-minded work environment is never a bad thing, which is why Millennials are crucial to organizational success. Five benefits of having Millennials in your workplace are that they are:

  1. Fast learners.Having grown up in the age of technology, Millennials are very apt to new and innovative ways of carrying out tasks. They have an innate ability to grow with technology and roll with the changes as they come. The great thing about this is that they are comfortable with change and are more than willing to learn and develop alongside your organization.
  2. Appreciative of diversity and culture.They understand how crucial it is to have diversity and variety in the workplace, as it creates stimulates conversation and ideas. Millennials define diversity as being a team comprised of a mixture of all types of backgrounds, experiences and viewpoints.
  3. Able to recognize the importance of employee satisfaction.This generation cares more about how they are treated than their wage. By issuing out incentive programs, creating a welcoming atmosphere and genuinely instilling company values in creative ways, Millennials will enjoy the work they’re doing, in turn, sticking around longer.
  4. Results-driven.Contrary to the myth that Millennials constantly need praise, they are simply results-driven. This means that your annual performance reviews may not be enough for this eager, fast-paced generation. By giving frequent feedback in addition to annual reviews, your Millennial workforce will be set on the right track and headed toward success.
  5. Seeking a stable career.With a little help from your organization’s succession plan, Millennials are interested in staying in one career. They believe in two-way streets, or open lines of communication and collaboration, and will stick to a job that they feel appreciated in and at a company that provides room for growth and opportunity.

 

Conclusion:

Foreign managers in general and Japanese managers in particular need to be aware of the changing in Vietnamese workforce which is about to happen in the next 3 to 4 years in Vietnam, this change will happen fasters in big cities such as Ho Chi Minh and Ha Noi.

Because of the influences of the millennial, the average work environment will undergo even more change over the next ten years. The workplace of the future will incorporate aspects of workers’ professional and personal lives. They’ll work on whatever device works for them, wherever it feels comfortable, and whatever time of the day suits them. Leaders will enable this rather than restrict it. The element of trust will be backed by technology that logs employee activity and productivity in a way that does not necessitate micromanagement.

 

(Writer: Nguyen Ngoc Vu)

 

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