KPMG Spark Blog

Reaching the growing millennial workforce

Stay on top of what you should know about attracting and retaining a millennial workforce, and KPMG Spark, a small business CPA firm, will help you stay on top of your online accounting and bookkeeping. This blog's author is a millennial and the content therein represents the views of the author.

For small businesses, it is important to recognize that millennial employees are now a large and important part of today’s workforce. In order to attract and retain new talent, it’s important for businesses to understand what this workforce will expect from their employers.

Millennials work hard

Contrary to what some people think, millennials have proven themselves to be hardworking and independent workers who want to be respected and fairly compensated for their time and hard work. Some people may think this means that millennials want too much for too little. To the contrary, because millennials have grown up in one of the hardest economic times in our country’s history since the Great Depression, they tend to value stability, job security and benefits above many other things. If anything, these values drive them to work harder so they can have these options available to them. Many of our small business clients at KPMG Spark are of this generation and have been recognized as extremely hard workers who make things happen and stay on top of things while we help them take care of their online bookkeeping.

Millennials want many of the same things

Even though they are painted differently by society, millennials typically want to be able to work in a friendly, collaborative environment where they can excel independently and work among creative and helpful individuals. A friendly, collaborative and fun work environment allows this generation to work together more quickly - as the delays related to fears of asking for help dissolve in comradery.

As remote work becomes more and more common, it is important for a positive company culture to encourage a balance between work and home life, especially among a younger generation of employees. This kind of positive culture will likely result in less pressure to meet instilled societal norms, more effort when work is “on,” and a growth in personal and family life when work is “off.” This, in turn, can help to produce better mental health for your employees, which will only aid in creating a better business.

Diversity and inclusivity

Younger generations tend to embrace diversity and inclusivity. This is not only shown in the media they produce, but also in what they expect from brands, companies and employers. By creating a diverse and inclusive workplace, millennial workers tend to be able to express concerns and work creatively.

At KPMG Spark, we work with many small business owners through our online bookkeeping services who are younger and who dove into their respective industries with an unprecedented drive. Racial bias, gender bias and discrimination of any kind are not tolerated by many in the up and coming workforce. Companies should not only be aware of this but also make real adjustments for an inclusive and diverse workplace to grow and develop.

At KPMG, we strive to have an inclusive workplace, and we focus on making our culture welcome to all. Our professional accounting teams embrace individuality in order to work well with all our clients, partners and employees.

What drives millennials

Most millennials, like many generations before them, want to be able to learn and grow in a transparent learning environment. By creating a space where your workforce feels comfortable and flexible, you will create more opportunities for this generation of workers to thrive and want to stay at your company. The talent your company acquires and retains will largely reflect the culture you have created. Here at KPMG Spark, we want to help your company grow, and our bookkeeping services are here to support you so you can focus on every other aspect of your business, including creating a company culture to attract the millennial workforce. If you are working with this generation as we do at KPMG Spark, and are hiring them into your own business, it’s important to know the adjustments your business should make to cater to and keep this generation interested.

Online accounting system for small businesses

Our online accounting services are here to take some things off your shoulders so you can get back to other essential business processes. The accounting system for small businesses that we have created combines our proprietary software and a dedicated bookkeeper and CPA to make sure your books are in order. Visit our website and give us a call to schedule your demo now to see how KPMG Spark can help you! 

 

 

This content represents the views of the author, and does not necessarily represent the views or professional advice of KPMG LLP.

This blog article is not intended to address or provide advice concerning the specific circumstances of any particular individual or entity, and does not constitute an endorsement of any entity or its products or services.

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230. The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.

Ben AsplundOctober 27, 2020Posted In: Business Tips

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