Millenials represent the largest population boom in the United States since the Baby Boomers, and are now the largest demographic group in America. The oldest, now on the other side of 30, are becoming important members of your team. The youngest are still a few years from joining the workforce, but there are a lot of them, and they’re coming in fast.
In fact, Millenials are projected to make up the vast majority of the workforce within the next 10 years. What does this mean for your business? If you want to set it up for success over the long term, you need to attract Millenial talent, and learn how to retain them.
What Millenials Want
Most Millenials do not remember a time when every individual did not have a personal mobile device. Cell phones gained mass consumer adoption in the late 1990s into the early 2000’s when most Millenials were small children. The smartphone came along in the mid to late 2000’s just as they were entering high school and college.
Millenials have spent most of their lives with personal mobile devices and rely on them much more than older generations. Millenials want the ease and convenience of performing tasks on the go on their mobile devices.
Another reason that Millenials seem to be attached to their mobile devices is that they value work-life balance. They’re not averse to working hard, but they want to work on their own schedules. Of course, that’s not possible for all jobs, but for most jobs, including those that require a lot of travel, Millenials prefer to be able to perform any task—anytime, anywhere.
When it comes to filling out an expense report, Millenials don’t want to save paper receipts and print and fill out a paper expense report when they get back to the office. They keep their records in the form of email receipts or images taken with their phone cameras. They want an app on their phone they can use to fill out an expense report straight from their phone.
Automated expense report software is compatible with a wide range of mobile devices, and can really help ease the process of filling out an expense report for Millenial employees. The key to attracting a talented Millenial work force and keeping them happy is to provide technical resources that allow them to feel in control of their lives and their work.