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#Leadership : 6 Concepts Your Millennial Employees Wish You Understood…One of the Things you Learn very Quickly, When you Hire a Staff, Is that a Bad Boss is the No. 1 Reason Why People Quit their Jobs.

One of the most fraught challenges that an manager/entrepreneur can face is the management of employees. Plenty of books have been written on the subject; plenty of classes have been taught. But it’s only when you’re suddenly sharing an office full of millennials with their own distinct personalities, strengths, weaknesses and dreams – each of whom is looking to you for leadership — that the real learning begins.

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One of the things you learn very quickly, when you hire a staff, is that a bad boss is the No. 1 reason why people quit their jobs. Nobody wants to be a bad boss. And nobody has to be a bad boss – not if you put in the time and effort it takes to become the leader that your employees need. Naturally, that’s easier said than done, particularly because employees rarely feel comfortable offering tips to their boss on how to behave.

Fortunately, managers/entrepreneurs who hang in there long enough often become masters of putting their employees in a position to succeed. It’s a crucial part of building a viable business. Even bosses who are beloved by their staff, though, could learn to be more effective if they were better able to view the world through millennial eyes.

Simply put, millennial employees work harder and remain more loyal if they believe their boss understands them and their needs. Here are six important considerations that your millennial employees wish you recognized.

1. Their time is more valuable than money.

It’s no great secret that employees hate it when their boss keeps them in the office late or bombards them in the evenings and on weekends with emails, phone calls and homework. Don’t do that. But your respect for your employees’ time should go further than that.

Most projects require teamwork, and when one of your team members completes their part and turns it over to you, they expect you to complete it promptly so that they can move onto the next thing instead of waiting on you. It’s imperative that the boss is not a bottleneck, preventing an efficient office, so always respect your millennial employees’ time as much as your own.

 

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2. They want to know what’s happening with the company.

Does your office operate on a need-to-know basis? Your millennial employees are probably not happy with that arrangement.

Workers usually aren’t offended if they’re not included in a company’s decision making – they know that’s your job. But they do resent being kept in the dark about the company’s plans and direction.

Employees, who endure too many surprises or can’t be sure what your business will look like in six months, begin to feel that you don’t trust them. Nobody does their best work for a boss or a business that doesn’t trust them with essential information.

Learning to manage people effectively can sometimes take a career – some would say longer, when it comes to millennials. Even then, your employees probably won’t love you for it. But if you keep their interests in mind while running your business, they just might love to work for you. Isn’t that the kind of company where you’d like to work too?

3. They want to learn something.

It’s rare these days for a worker to stick with the same company for their entire career, for many complicated reasons.

One surefire way to keep them, though, is to make sure that they’re learning new skills on the job. It’s better for the company because your staff is constantly improving its knowledge and skillset, and it’s better for the employee too.

Learning something new keeps them engaged, and they know that if and when they move onto a new job, your company will have made them a better employee. If your employees aren’t learning anything, they aren’t improving themselves, and they’re apt to go someplace where they can.

Related: This is How You Create the Ideal Millennial Workplace

4. They hate the open office concept.

For years now, more and more offices have switched to the open-office model, where employees share a communal workspace with small or nonexistent partitions between their desks. The theory is that this approach fosters communication, collaboration and transparency. But that isn’t how your millennial employees see it.

Chances are, millennials believe that you put them in an open office simply so that you could keep an eye on them. Again, this erodes trust.

Additionally, many staffers complain that the noise and distractions all around them in an open office hamper productivity. Nobody grows up hoping to work in a cube, or worse yet, around a table, like a kindergartener. And if you maintain a private office for yourself, they’ll resent you for it.

Related: Want to Understand Millennials? It’s Simpler Than You Think.

5. They want praise and a raise.

As managers/entrepreneurs, we often expect and demand that our teams will always strive to do their best work in order to share in the company’s success. And often, they do – at least at first.

But if millennials’ hard work, engagement and sacrifice isn’t rewarded, you’ll quickly catch them turning in the bare minimum. Bosses have tried all sorts of carrots and sticks to keep their employees stretching for success, but only two things really move the needle: praising quality work and raising compensation for top performers.

In a perfect world, millennials wouldn’t need encouragement to do their best. But in the real world, people get hooked on praise, and nothing motivates like more money. Don’t fight it, utilize it.

Related: Millennials Are Not the Only Ones Who Want Feedback

6. Nobody really loves their boss.

As the leader of your organization, you deserve your employees’ respect and you need their trust. Where many managers/entrepreneurs go wrong, though, is coveting their employees’ love and admiration, too.

No matter how fun you make your workplace or how deeply you involve yourself in your millennial workers’ lives, the fact remains that nobody loves their boss. And nobody wants to.

Your millennial employees need a leader with vision who is smart, fair, and encouraging. What they don’t need is a hero. If you need more love in your life, devote more time and energy to developing friendships and family. If you try to turn your employees into a family, they’ll respect you less for it. Help your workers to love what they do, not love who they work for.

Learning to manage people effectively can sometimes take a career – some would say longer, when it comes to millennials. Even then, your employees probably won’t love you for it. But if you keep their interests in mind while running your business, they just might love to work for you. Isn’t that the kind of company where you’d like to work too?

 

Entrepreneur.com | August 19, 2016 | Steven Kaufman

#Leadership : How A 25-Year-Old CEO Leads A Workplace Full Of 20-Somethings…It’s Less about Age & More about Years of Experience in a Relevant Role. There are Some people Brand New to their Role [at WayUp] but have 4 Years of Experience in another Job, but I’m Going to Treat them Exactly the Same as someone who Just Graduated from College & Started Here.

What can actually keep millennials at their jobs, with so many leaving within a year or two? Wessel says that’s the number one question she gets from businesses. Here’s why they want to move on in the first place: “One, they feel like they were promised something they didn’t get with the role. And two, they didn’t have the right information or transparency into the company regarding what they were going to be doing.”

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“I say to people, in the beginning, you definitely have to gain trust of your manager. I don’t want you going off and doing things on your own. Once you gain their trust, then do cool things.”

Picture this: College pennants cover the walls, there’s a fridge full of Red Bull , a poster of John Belushi in “Animal House,” and paper lanterns hanging from the ceiling. Think you’re in college dorm room? Think again. Welcome to WayUp, a two-year-old startup that connects college students with internships and entry-level jobs, located in New York’s Chelsea neighborhood.

At the helm is 25-year-old Liz Wessel, WayUp’s cofounder and CEO. She oversees business operations and manages a team of nearly 40, most of who are fresh out of college themselves. Now running her third startup, she knows a thing or two about being the boss. But, unlike other leaders who ask themselves “How can I best manage my team?” or “How can I best work with millennials?” Wessel must ask both: “How can I best manage people my own age?”

Besides a few more senior staff members, almost everyone at WayUp is under 30; the average age is 24. How does Wessel, a millennial herself, manage people the same age? She says, “It’s less about age and more about years of experience in a relevant role. There are some people brand new to their role [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][at WayUp] but have four years of experience in another job, but I’m going to treat them exactly the same as someone who just graduated from college and started here.”

 

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Before launching WayUp with cofounder JJ Fliegelman, Wessel worked atGoogle GOOGL +0.41%, where she observed different managerial styles and, from that experience, determined how to shape her own leadership. She says one takeaway was how to build trust with new employees, especially those that are just starting out. “I say to people, in the beginning, you definitely have to gain trust of your manager. I don’t want you going off and doing things on your own. Once you gain their trust, then do cool things.”

What does Wessel wish she knew? “Turnover and firing is normal. Don’t take it personally and don’t [be afraid to] fire someone because of X, Y or Z excuses. It’s for the best.”

This time a year ago, Wessel had six or seven employees. She forecasts ending 2016 with around 50. With an ever-expanding team, Wessel says what she enjoys most as its leader is learning alongside her employees and figuring out complicated issues. What she finds frustrating is when a team member doesn’t understand something that comes naturally to her. “Sometimes when someone can’t figure something out and it’s so obvious to me…it gets frustrating,” she says. “It’s one of those situations where we’re the same exact age, I know this, you should know this, we have the same kind of experience. I just think overall I have to remind myself that I have two years more of experience at this specific company doing this kind of job than they do.”

On her personal leadership style, Wessel puzzles for a moment, “Maybe empowering? I’m a little more tough love than nurturing. I just want them to learn and figure it out.” Wessel, a 2016 30 Under 30 In Enterprise Technology, can relate to her industrious employees because she wants the same things out of her career. “The positives [of managing millennials] are that they aspire to do so many things, they want to achieve, and by ‘they’ I mean me, too. They want to achieve a ton, they want to learn, they want to grow, they always want to prove that they can accomplish great things.” Their enterprising nature, however, is also one of the largest downsides of managing them. “It’s definitely harder to retain millennials because they want to try out so many things.” Wessel explains that losing great employees to other companies is hard for her because she’s missing out on great talent, but she also personally understands why they want to try out new opportunities.

What can actually keep millennials at their jobs, with so many leaving within a year or two? Wessel says that’s the number one question she gets from businesses. Here’s why they want to move on in the first place: “One, they feel like they were promised something they didn’t get with the role. And two, they didn’t have the right information or transparency into the company regarding what they were going to be doing.”

She says the fixes are getting content out there about what specific roles entail and having internal mobility opportunities so employees can know where they’re headed. “That’s how they’ll know their way up (no pun intended) and get promoted,” she says. She also explains that giving feedback is imperative. Drawing on her own experiences as an employee, she’s implemented several layers of feedback for employees so they have a sense for how they’re doing and what they can improve on.

What does Wessel wish she knew? “Turnover and firing is normal. Don’t take it personally and don’t [be afraid to] fire someone because of X, Y or Z excuses. It’s for the best.”

But it’s not all business all the time at WayUp. Young employees enjoy a number of perks that keep them happy, like free lunch on Wednesdays, outings in the city, beer on Fridays, and quarterly “Thirsty Thursdays,” where they invite friends and turn the office into a frat house. Even so, in Wessel’s opinion, “The number one perk is that we’re always going to push you to learn more.”

 

Forbes.com | May 18, 2016 | Natalie Sportelli

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Your #Career : 19 Changes to Make in your 20s to Set Yourself Up for Lifelong #Success … How you Spend your 20s is Hugely Important for Determining Who you’ll Become

In fact, one psychologist calls this time period the “defining decade,” since it sets the stage for the rest of your life.

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http://www.businessinsider.com/changes-to-make-in-your-20s-2015-11