Trained Millennial = Happy Millennial
By Lauren Gelfound-Oracle on Jul 20, 2016
Written by Rena Mayer, PR Online Editor, Oracle University
Growing up in a tech-filled, utterly online, and socially-networked world, the millennial generation has received a lot of attention.
Raised following the mantra "you can do anything you set your mind to", millennials tend to be confident and determined.
Alongside these positive traits, millennials can be difficult to impress, and even harder to keep in the company.
Companies have been struggling to connect with this generation, as many traditional methods have proven ineffective at capturing their attention and loyalty.
Furthermore, many companies believe in certain myths about millennials, including the idea that they aren’t loyal. It's important to remember there are just as many myths out there as there are facts about millennial workers.
To tackle this connection challenge, companies need to know what's important to millennials.
For example, a recent Deloitte survey found that two-thirds of millennial across the globe plan to leave their current organization by 2020, and one-quarter plan to change companies within the next year.
According to the survey, 87% of millennials believe the success of a business should be measured by more than just its financial performance. Also, millennials place great importance on how the company reflects their personal values.
What do millennials value in a company?
The important business outcomes millennials feel their organizations are neglecting include:
- Improving the skills, income, and satisfaction levels of employees
- Creating more jobs
- Providing services & goods that make a positive difference in people's lives
Millennials often feel companies are not doing enough to bridge the gap to ensure a new generation of business leaders is created.
They tend to fully appreciate that leadership skills and training are important to business and recognize that, in this aspect, their development may be far from complete.
How to Keep Millennials Loyal
According to the same Deloitte survey, the people most likely to leave the company within two years are those unhappy with how their skills are being developed.
Millennials would place far greater emphasis than current leaders on employee well-being and employee growth and development.
This generation evaluates success in ways that go beyond a focus of financial performance, increasing the focus on activities and behaviors that support long term sustainability.
Millenials' loyalty to an employer is driven by understanding and support of their career and life ambitions, as well as providing opportunities to progress and become leaders.
Over the past few years, Oracle University has evolved our training formats to accommodate millennials’ new demands for learning.
Digital learning on Cloud technology has been rated as one of the most popular and desired platforms; as a result, Oracle has introduced Cloud Training.
With Oracle Cloud Learning solutions, your millennials train for all job roles in your organization that interact with your Oracle Cloud applications and platform services.
Empower your employees by teaching them how to migrate to, implement, administer, optimize and use Oracle Cloud solutions. This will also help millenials feel valued within your company.
Millennials view training as incredibly important. It's a driver for their success. They view their future at a company as wholly dependent on the skills they learn and the education available. If they are not constantly learning new skills, they will find the door faster.
Invest in their development and offer them the chance to develop new skills.
Oracle University simplifies learning by offering all the training millennials need to implement, manage, and start using Oracle Cloud applications and platform services.
Ultimately, all employees want the same thing: fair compensation, growth opportunities and a mission statement they feel strongly about.
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