This video was made to compliment the post “Employee Engagement? Sounds Like a Job for L&D” which can be found here. This video was created using Animaker, which I highly recommend as being good at what it does and also is a lot of fun to play with. As always, any and all feedback is appreciated, and feel free to share the video (with my blog’s end screen) if you feel it is useful in any way.
With the traditionalists and boomers leaving the workforce to retire, the time has come to look beyond Gen X to the increasing numbers of Millennials in the workplace. The problem for businesses is that Millennials are not going to adapt to the workforce as it stands in the same way that Gen X has been mostly happy to do. Millennials demand that the workplace change to meet their needs and desires and when they aren’t happy they vote with their feet. This means that future business success is going to depend on each organisation’s ability to utilise effective performance management to engage staff and fill skill and knowledge gaps that appear when key staff members either move on or retire. A robust talent strategy building effective leadership pipelines at all levels of an organisation will further future-proof against the uncertainty that businesses are bracing for in a highly competitive global marketplace. For more information on building a better performance management system that helps to align your talent with business strategy, you can watch Performance Management: Improving on Traditional Offerings here. You can find more information on building a robust Talent Management Strategy here, and watch a video here.
With the growing increase in the number of Millennials in the workforce, and the undeniable fact that they will one day be our leaders and CEOs, it’s time to find new ways to engage and retain them, otherwise businesses will face continual talent shortages and the burden of costs to train and retrain as Millennials continually move on to greener pastures.
Future-proofing your business means finding new ways to retain your Millennial workforce
I read an excellent article regarding the incredible statistic that only 4% of staff feel that performance reviews are useful here, and it really made me think. Why do we stick to formats that don’t produce results? A set and forget mindset is never going to create real change or development with measurable results, so let’s talk about how to do it differently. Let’s talk about how to turn annual reviews into a constant and continuous process that involves supporting and guiding staff to develop themselves in ways that benefit the business and allow employees to move further along in their chosen career path. If employee engagement is a problem, then let’s find new ways to get employees to engage. To that end, I produced this video with the help of an awesome online program from biteable.com, so I want to shout out to those guys for making a fantastic product, and encourage others to try it out. The findings and numbers in the video come from the article above about the survey run by Bamboo HR. I’ve enabled the option to download and share the video, and if you choose to do so, I would appreciate it if you linked back to this blog post because it did take effort to get it together. Thank you!