Connect with us

Business

Keeping Millennials Happy at Work

Published

on

millennials

What Makes Millennials Happy At Work?

I am a “millennial”, a term given to people born between 1980-2000, who are currently between 17 to 37 years old. Over the last few years, we millennials have earned slack from the generations before us for not having a proper work-culture, from not taking our jobs seriously, being extremely fickle-minded and changing jobs in a short-span of time, to not following our parents footsteps on factors like company loyalty, job choice, and roles. However, according to the Bureau of Labor Statistics, by 2025, 75% of the workforce will consist of millennials. And if in 8 years we are going to be running the workforce, it’s time we explored what actually makes us happy at work. It will help people understand how we are different from past generations, and how we can use that difference as a competitive advantage. 

Being Hands-on

We like having ownership over our work and our projects. Our parents and generations before us have been brought up in a work-culture where they didn’t question their lack of freedom over the assignments that were handed to them. But, our generation hates being micromanaged. When our superiors interrupt us several times during our assignment, we feel as if we aren’t trusted enough with the project or are considered incompetent. It immediately creates an invisible wall between the job and us. What we prefer is to be told in clear terms what is expected of us in the assignment/role, and then allowed to work on it according to our sensibilities. We appreciate guidelines, deadlines, and welcome feedback. We can only truly feel happy at our workplace if we feel as if we have full ownership over our project, and that we actually have an important role to play in creating our projects.

Latest Technology

The fourth industrial revolution was technology, which started in the early 1980s and is still ongoing. The greatest technological advancements have been made in these years, and it’s really no surprise that millennials are real sticklers for technology. From home computers to the first iPod, our generation has been in the midst of every big turn in the technology world. Technology has been a huge part of our growth, and in several ways makes our lives much easier and optimizes our performance. Having the latest technology in the workplace would make everything smoother, simpler, and faster, making us exponentially happier and more productive.

Social Impact

Social impact is increasingly becoming a huge deal for us. Volunteering to help better the community and supporting non-profit organizations has also become a part of the college curriculum since 2012. When millennials are looking for jobs, a majority of them say they would prefer to work for a company that actively engages in social work. Knowing that our company actually has a positive social impact makes us feel better about working there.

Team-Building

Another thing that makes us millennials extremely happy at work is knowing that we have a strong team that we can rely on. We appreciate having regular team building activities and workshops. Having workshops every 6-7 months not only helps in building team spirit, but also allows employees a day to interact with each other outside of the office set-up. There are several aspects of team-building: communication, decision-making, planning, and trust. Some fun activities to build these aspects are: Two Truths and a Lie (communication), Picture-pieces game, and the Marshmallow challenge (decision-making). You can also create your own games for team building, like coming up with a fake problem and letting a team work around it. 

Socialization

Socialization is an important deal for our generation. Staying cooped up in our cubicles all day without any interaction with our co-workers isn’t good for building a strong team. We need to have some time to be able to walk around or hang out with our co-workers to get to know them more on a personal level. This would help us understand them better, which in turn will improve our team-work.

Intrapreneurship Programs

Intrapreneurships are internal entrepreneurship programs where employees are encouraged to generate and share new ideas and are given authority and support to implement those ideas. We are absolutely thrilled about intrapreneurships, because they allow us to come up with our own projects and take full ownership of them.  

Career Development

Job-satisfaction comes from the knowledge that we are doing what we love. The prospect of rising up and working our way up the ladder as a reward of competency and commitment is what makes millennials happy. We are most likely to disengage if we feel as if we are stuck in a dead-end job. Millennials are accused of changing jobs too often, but that’s because we are ambitious to get ahead and anxious about doing it fast. We are unlikely to stick around in a job environment that doesn’t leave us with enough space to grow.

Work-Life Balance

Not having a proper balance in life is the most frustrating feeling for us.  Several surveys and social experiments show that the one thing our generation absolutely dreads is monotony. If we think we are stuck in an ever spinning cycle of work all day and work at home at night, we start feeling unhappy and cramped. It’s very important for us to have a balance by spending time with family and friends, traveling, or developing a hobby. Having the proper balance between work and fun is crucial for us, and happiness lies in knowing that we have struck that balance.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

These Are All of the Industries Experiencing The Amazon Takeover

Published

on

amazon takeover

Amazon’s continuous growth is prompting the company to expand into a variety of industries well beyond their initial scope of electronic commerce. Beginning as an online bookstore, Amazon now represents the most valuable United States retailer regarding market capitalization. Amazon founder Jeff Bezos is presently the world’s richest personA combination of success and drive for constant expansion is resulting in an Amazon takeover of several important industries. Amazon still reigns supreme as an online retailer, though clearly that title alone is not enough to satisfy Bezos. His areas of interest are vast, including the following.

Brick-and-Mortar Retail

Just last year, the Amazon takeover included Whole Foods, where they were acquired for $13.7 billion. The move continues Amazon’s battle with Walmart to reign supreme in the retail space. On the other side, Walmart is continuing to refine their online space, while remaining America’s top employer. The battle between these two giants will continue to wage on, with Amazon’s interest in the brick-and-mortar space being no secret.

Even before the Whole Foods acquisition, Amazon’s plans to build convenience stores and curbside pickup locations shows a deep infatuation with becoming a strong brick-and-mortar presence. Beyond a mere presence, Amazon is confident that consumers will continue embracing a model that allows them to order online and pick up in person.

Amazon’s opening of the Amazon Go Store in Seattle in January marks an exciting time for these interests. Customers enter the store and scan their Amazon Go app as they do. Cameras and other sensors track customers’ activity as their browse, registering an item into their virtual cart when they take it off the shelf. Customers are charged when they leave the store with their goods. Amazon terms the idea “Just Walk Out” shopping and hopes to attract customers who despise waiting in lines, as many do.

Amazon’s reshaping of the typical brick-and-mortar presence is introducing consumers to new ideas like “Just Walk Out” shopping. Combined with the acquisition of Whole Foods, the company will without a doubt continue to redefine the brick-and-mortar shopping experience.

Delivery

amazon

Amazon has been shaping the delivery industry for many years now, especially since Amazon Prime’s introduction in 2005. The company’s vow to deliver items to Prime customers in two days or less still presents a challenge to online retail competition, who are well aware that they must match these shipping expectations or compensate in some other way, like offering lower prices. Meeting Amazon’s delivery promises and their costs is a major challenge, especially to new eCommerce businesses.

Beyond Amazon Prime’s major influence on shipping expectations among online retailers, Amazon is redefining what the delivery space means through their utilization of drone technology. Specifically, Amazon Prime Air is introducing a new delivery system, where unmanned aerial vehicles can safely get packages to customers in 30 minutes or less.

Amazon, already familiar with quick parcel delivery, is upping the ante even more in the delivery industry with such lofty ambition. Still, with a private trial already underway in the UK, Amazon Prime Air and the use of drones in delivery is a very real aspect of the future. Upon receiving the regulatory support, we can anticipate Amazon Prime Air to be an option for many.

Technology

amazon

It makes sense that Amazon is continuing to make significant moves in the tech sphere. There’s no doubt regarding the company’s technical expertise and how technology can accommodate access to their variety of products.

Among their technological products is Amazon Fire TV, which streams live TV and enables users to watch hundreds of shows and movies. There’s also the Amazon Kindle Fire, which capitalizes on Amazon’s vast digital library in the form of a tablet computer with a seven-inch multi-touch display. Many still view Kindle Fire as a strong competitor to Apple’s iPad.

Amazon’s Dash buttons, while simple, are also an exciting addition to their array of tech. The Dash Button is a single-function controller that consumers can place around their house near items that need replenishing. Need a new order of Tide paper towels? Order a specific Dash button for Tide, put it near the towels and press the button when you notice them running low. They will then arrive on your doorstep in a couple of days.

Entertainment

amazon

Amazon Prime offers much more than free two-day shipping. One of Prime’s most notable benefits is the increasingly impressive Amazon Video platform. The Amazon Prime Video show Transparent won the Golden Globe Award for Best Television Series, Musical or Comedy in 2005, while 2017 Oscar Best Picture nominee Manchester by the Sea is also developed by Amazon Studios.

Amazon is increasing their influence in both TV and film by producing excellent content, including many notable releases in development. They’re emerging as a viable competitor to cable, Netflix and Hulu.

Whether a consumer prefers reading a book or watching a movie, Amazon is seeking to have the entertainment niche covered.

Is This Amazon’s Peak?

Amazon’s firm grasp across multiple industries begs the question: Is this Amazon’s peak? While it’s impossible to tell definitively, stockholders should monitor the situation closely. Amazon has been a model of consistent growth since 2000. Presently, Amazon’s stock trades for approximately 130 times the business’s projected earnings for 2018 and almost four times its projected sales for 2018.

These growth prospects rely on revenue per customer growth. Although there will certainly be customers who increase their spending on Amazon, it’s difficult to think of any huge breakthroughs or offerings that will prompt more revenue per customer, especially upon Prime’s increase to $119 per year. Many customers may opt to spend that on a Costco membership instead.

Additionally, it’s important to note that Amazon’s acquisition of Whole Foods plays a significant role in the stock increases the past year for Amazon. The market seems to be operating under an assumption that Amazon will make a similarly buzzworthy acquisition this year, which is far from a given.

Still, even if market projections seem a bit optimistic at the moment for Amazon, there’s no doubting that the company will continue playing a significant role in shifting expectations within several industries, from delivery and entertainment to the brick-and-mortar experience.

Continue Reading

Business

Why Amazon’s Second Headquarters Should Choose Northern Virginia

Published

on

Amazon’s second headquarters

Among the top 20 shortlist for Amazon’s second headquarters, Northern, Virginia is not a stranger to the massive tech company. Amazon CEO Jeff Bezos have frequently conducted business in the region. Bezos is known to own The Washington Post and Amazon’s cloud service AWS is situated in a huge data center in the northern Virginia region. It is no surprise that Northern, VA is listed on the list. This region proved to be a safe home for Bezos’ businesses, it would only make sense that Northern, VA is the next home for HQ2.

While the nation waits for the announcements of Amazon’s second headquarters, speculations rise as Amazon employees crowd ARLnow.com. The local news-source for Arlington Virginia have reported major traffic from an internal Amazon site. The article reporting the county’s green building council had received over 6,000 page views and 3,500 visitors from an Amazon web page that is only visible to Amazon employees. Amazon’s interest in the community’s dedication to sustainability is predicted to help the company’s future development of a sustainable building of their own.

The area is surrounded by copious international airports including Ronald Reagan Washington National Airport, Washington Dulles International Airport, and Richmond International Airport for Amazon’s consideration  of transportation. The bid for Amazon had reports of the Hub property as a potential site for Amazon’s second headquarters. This 85-acre undeveloped location is near the Dulles Airport, perfect for Amazon’s demands.

Amazon’s second headquarters

Amazon announced that they are developing a second headquarter of up to 8 million square feet in order to accommodate 50,000 workers. The plan to bring in 50,000 lucrative jobs to the new location will create billions of dollars in investment for the community. This opportunity for economic expansion does not come often, but neither does a perfect business location in Northern Virginia that is close to Bezos’ other businesses.

A possible site for Amazon’s second headquarters is on the border of Fairfax and Loudoun counties along Metro’s Silver Line. “We are very excited that Northern Virginia is included on the short list as a potential location for Amazon’s second headquarters,” spoke the chairman of the Fairfax County Board of Supervisors, Sharon Bulova. “Fairfax and Loudoun counties are able to offer a great quality of life coupled with an innovative and business friendly culture for future Amazon corporate neighbors and employees. With our highly educated and talented workforce and a location close to Dulles International Airport and a new Silver Line train station, we hope we will have the opportunity to welcome Amazon HQ2 to Virginia.”

Small businesses and agencies within Virginia are able share their professional insight to Amazon now as well. This is why Amazon HQ2 Should Choose Virginia.

If you are an agency from Virginia, and wish to contribute, please fill out this form here: https://ownersmagazine.com/need-talk-marketing-pr-agencies-amazon/

*Sponsored by Penji

Continue Reading

Business

Why Amazon HQ2 Should Choose Chicago

Published

on

HQ2

Most of the cities on the top 20 shortlist for Amazon HQ2 had given some extreme proposals. The majority of the pick is located on the East Coast with an important city that is Chicago, Illinois. The city of Chicago is an important business hub that is currently attracting millennial entrepreneurs and corporate talents. The region offers a broad selection of professionals that are specialized in tech, logistics, advertising, and more. This is a huge bonus for Amazon if the tech company picks Chicago as the rightful city for HQ2.

Chicago ranks high in tech, affordability, and infrastructure. These benefits will fulfill Amazon in their search for employment, land, and logistics. The city offers the O’Hare International Airport and Chicago Midway International Airport to the company for traveling affairs. This is just one of the city’s proposal, the entire bid for Chicago was put together by Mayor Rahm Emanuel and Governor Bruce Rauner. There is a promising bid that if Amazon chooses Chicago, then the massive tech company will collect at least $2 billion in incentives and $1.3 billion in tax revenue back. Employees are still expected to pay the taxes, however, it would be Amazon who is receiving that money back and not Illinois.

HQ2

Image From PBS

There are 10 total potential sites to situate HQ2. One includes the Sterling Bay’s 70-acre Lincoln Yards, and many more sites including the Illinois Medical District. The forefront for a new location is The River District, Riverside Investment and Development in River West. This 37-acre site connects to Chicago’s downtown, River North, Fulton Market, and more. The best deal for any other location. 

Amazon will be able to create a substantial amount of benefits from Chicago’s bid for Hq2. Illinois has given over $1.4 billion of tax money to companies like Amazon ever since 2001 when EDGE was created. The EDGE Tax Credit Program provides tax credits for businesses that make capital investments in Illinois and more. The massive tech company is more than qualified for this program and this will be deemed beneficial to Amazon if they participate. 

The Chicago metro area grew by 0.6% and it will only get better from here. The region is populated by a big number of young and educated students from the notable schools of University of Chicago, Northwestern University, Loyola University Chicago, and the University of Illinois at Chicago. The work force in Chicago are tech driven and strives for professional support, which is an attractive atmosphere for all companies. Amazon  should be using up that advantage as well. 

HQ2

Proposals are still being presented to Amazon by representatives. Small businesses and agencies within Chicago are now able share their professional insight to Amazon. This is why Amazon HQ2 Should Choose Chicago.

If you are an agency from Chicago, and wish to contribute, please fill out this form here: https://ownersmagazine.com/need-talk-marketing-pr-agencies-amazon/

*Sponsored by Penji

Continue Reading

Trending