There are currently over 71 million millennials, also known as generation Y, in the United States. Millennials are those born between 1981 and 1996 who have a reputation for being lazy job hoppers. But that's simply not true. It is important to understand what motivates millennials and what you can do as an employer to better manage them.
Good management is a key factor to an employee’s happiness. A manager who is friendly and kind can motivate millennials to do their best work. This will increase productivity which will then increase revenue for the organization.
One of the qualities millennials seek when looking for a job is how interesting the work will be. Millennials want to feel like they are making a difference in the world. Studies show that millennials would rather work a job they are passionate about and not get paid as much compared to making more money working a job they hate.
Millennials have a great work ethic when motivated the right way. Research shows that a great pay structure for millennials would be a low base salary with many bonus incentives. This will keep the millennial working hard and completing all tasks that need to be done in a certain time frame.