Finance News & Insights

4 keys to managing millennials effectively

Good managers know a one-size-fits-all approach to management simply won’t cut it these days. And millennials are one demographic that supervisors definitely want to manage effectively. 

After all, research shows they make up at least 60% of the workforce. When managed efficiently, millennials can be a huge asset to any company.

Here are four best practices to do just that:

1. Give them flexibility

Millennials struggle in overly rigid work environments. Whenever possible, manager should be flexible with these workers.

Example: If a Payroll staffer comes up with a more efficient way of tracking workers’ vacation time, let her try it.

2. Spell it out

Even though millennials enjoy getting things done their own way, they still need managers to set clear expectations for them.

While supervisors should avoid micromanaging, they should still offer specific details and feedback on what needs to be done.

3. Let them take the reins

Millennials don’t shy away from responsibility. So managers should be willing to let them take the reins and own certain projects.

Example: If an employee is especially tech-savvy, you may want to let him or her put together a social media component for your benefits communications.

4. Avoid assumptions

Like any Baby Boomers or Gen-Xers, managers run into problems when they assume an entire worker demographic is the same. While this group may share some traits, ultimately they’re all individuals.


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