Sources: FMI Corp., Raleigh, N.C.; CP staff
A report based on a national survey of nearly 400 individuals in the construction industry—half born between 1980 and 2000—contends that millennials are dedicated and loyal to their employers and, in terms of career aspirations, attitudes and goals, share similar values with the groups ahead of them in the workforce, Baby Boomers and Generation Xers.
“Millennials in Construction – Learning to Engage a New Workforce” from management consultant FMI finds that an inspiring and well-communicated vision is critical to engaging millennials long term. Among respondents to the survey behind the report, nearly three-quarters expect to remain more than five years with their company; 96 percent are willing to work beyond what is required of them to help the business succeed; 98 percent say it is important for them to understand their career path and opportunities within their company; and, competitive pay, work-life balance, and personal development lead choices for staying engaged.
Like other generations that enter the workplace, report authors note, millennials a) have new perspectives to share, ideas about getting things done, and ways of tackling problems; b) want to do more than just punch a clock and take home a paycheck; and, c) are looking to add value, make an impact and find meaning in what they are doing.
“Millennials are willing to work hard and put forth the effort when their company provides interesting and challenging work assignments that provide opportunity for career advancement,” notes contributing author and FMI Research Analyst Paul Trombitas.
The 24-page report provides practical insights on how to get started with developing a comprehensive talent strategy and a culture of engagement, including specific implications for the young workforce. The “Millennials in Construction” pdf can be obtained here.