Employee Motivation: Strategies for Retaining Millennial Employees

Running head: EMPLOYEE MOTIVATION
EMPLOYEE MOTIVATION
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1EMPLOYEE MOTIVATION
Executive Summary
Much of current workforce comprises of millennials and the amount has been continuing to
elevate. Thus it is viral for both medium and large business enterprises to regulate to this
generation who exhibit newly developed ideas and perceptions. This workforce however desire
similar incentives and benefits as other generations with job stability along with a competitive
remuneration package. The following report has provided with comprehensive ideas about the
way workforce cultural patterns, sustainability and transformational leadership will aid
struggling companies like MegaServe to successfully contest with challenges of young employee
attrition.

2EMPLOYEE MOTIVATION
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Influence of Organizational Culture on Employee Engagement.................................................3
Exploring Leadership Styles to attract Millennial Employees....................................................6
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

3EMPLOYEE MOTIVATION
Introduction
Employee retention has become an essential concern for large and small companies in the
current scenario. Individuals once being inducted or trained have the propensity to shift to other
organizations for superior prospects. Employee retention strategies however undergo significant
transitions in motivating and retaining employees to engage to the organizations for maximum
period and further offer substantial production (Aguenza & Som, 2018). Majority of current
workforce comprises of millennials and thus is important for companies to adjust to this
generation in order to magnetize and retain their talent. The following report is purposed for the
top leadership team of a medium-sized customer service organization named Mega Serve based
in Atlanta, Georgia that is currently facing a critical attrition of young employees engaged in
handling customer services department.
Discussion
Influence of Organizational Culture on Employee Engagement
Importance of Millennials in Business
The millennial generation born between years 1980-2000 currently has been entering
employment in substantial numbers and is anticipated to shape the corporate domain in the
prospective years (Cloutier et al., 2015). Thus magnetizing most efficient employees is critical to
the future of any business. Sledge, (2016) has reported that increasing need of millennials in
organizations lies on the variance from the Baby Boomer generation. Furthermore, data state that
millennials already have constituted around one-fourth of the American labor force and account
for over half of the populace in India. Calk & Patrick, (2017) indicate an expectation that by
2020, young employees of 24-35 years of age will constitute around 50% of the global
workforce. As millennials are identified as the first generation to enter into the workplace with