Millennials currently make up close to 25% of the workforce in the US and will account for over 50% of the global workforce by 2020 per a recent study conducted by PwC. Companies have shifted the way the workplace is structured in order to attract and retain talent with heightened focus on the millennial workforce. Companies such as IBM and Yahoo! have pulled back on the telework policy and moved remote workers back to the office in order to promote agile collaboration and rapidly iterate programs in real-time. Companies seeking this shift will need to design creative and inspiring offices to foster creativity and collaboration. Here are 5 office factors that you should consider when finding or creating the ideal space to attract today’s workforce.
- Location- Millennials have more options than ever, allowing them to be pickier than ever on the job opportunities they pursue. Practical issues such as location and starting salary are among the factors millennials said they considered when accepting their current job. The location of your office will affect the talent that you can attract. Millennials desire to be in an area that is accessible to transit since most prefer to live in urban areas, utilize mass transit and walk or bike to work. Walkability scores are important to examine when determining a location. Having great dining and retail options are factors that will drive talent to your office location.
- Wellness- Most companies have acknowledged the fact that healthy employees are engaged and productive. Fitness centers are becoming standard in Class A buildings. The luxury of having a fitness center encourages employees to come to the office and promotes wellness. Buildings are moving towards adopting the WELL Building Standard certifications to showcase their commitment to creating a better work environment.
- Outdoor Space- Another standard that many buildings are incorporating include outdoor patios or roof decks. Millennials prefer working flexibly and outdoor options allow them a change of scenery without having to stray too far from the office. Ideally, these spaces include high speed wifi and lounge furniture. For those that bring lunch to the office, this is a great alternative to eating at your desk and encourages community among your team.
- Pet Friendly- Pets in the workplace have been shown to improve satisfaction and performance. According to a 2012 research study published in the International Journal of Workplace Health Management, on-the-job stress levels fell among a group of Greensboro, N.C. employees when they had their dogs by their side. Conversely, stress levels grew for their co-workers who either left their animals at home or who had no pet at all.
- Concierge Services- Employees are left with little time to cater to themselves due to long hours and a push for high output of productivity. Searching for a service providing these features or a building with concierge services can make your employees feel like they have a personal assistant to help with tasks that they just can’t seem to find time for. These services include everything from taking in your dry-cleaning to booking airline tickets. At Deloitte’s Edge in Amsterdam, employees can even have groceries waiting for them at the end of the day. Interested in offering this service to your team? The WorkReady Plus membership program offers a 24/7 concierge for your team. Contact us to find out more.
Although these are not the only factors to consider, they are a few of the important ones that matter to employees. Focusing on employee satisfaction in the workplace leads to positive results which means increased revenue.