Facilitating real-time engagement and genuine connections with fellow employees will create the company culture that retains Millennial workers.
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In a recent survey conducted with new hires and tenured employees across a variety of industries, YouEarnedIt.com—an employee recognition and engagement software company—found that this generation of workers are sentimental, hyper-connected individuals that crave communication, collaboration, and real-time connectivity in order to feel engaged and motivated within a company.
According to the survey results, 97% of respondents answered that real-time feedback from peers and throughout company hierarchies was equal to, and in some cases, more important than bi-annual performance reviews. While there is still room for the traditional performance review and rewards that come from these, the data reveals that formal reviews do little to increase the personal ownership and accountability employees’ desire in the workplace.