Showing posts with label Generation Y. Show all posts
Showing posts with label Generation Y. Show all posts

Sunday, October 13, 2013

Eight Tactics to Increase Millennial Productivity at your Business

With each business that we have today, a merchant account is required to get the debit/credit card processed. Once the six month trial period is over a reserve amount is returned to the business owner and they transition into what is known as a merchant account with no reserve. Congratulations on making it past the six month trial time. 

Like all businesses, we all transition day in and day out, and in order to do that, we have to adapt. Some of the most intelligent kids of this generation are facing challenges with business and personal issues, and in order to move forward to accommodate this challenge, eight tactics to increase Millennial productivity at your business must come into play. (A millennial is a person born sometime between 1982 and 2000 or there about. They have been dubbed some of the most productive of any generation, but only because of the machines they have had in their upbringing and adult life. Most face many challenges balancing their social media life, family life, and keeping healthy lifestyles.)

Here are some things to help businesses with their millennial generation.

1. Nose to the grind stone. Keep this generation busy and teach them the techniques that will help them become stronger intelligent adults that have a wonderful work ethic.

2. Have their job lined out for them. Give them assignments and their requirements for the job. If they know what is expected of them, likely they will have no issue getting the job done.

3. Have creative projects for them. More than any other generation, the Millennial’s know how to express themselves. Better to help them release their creative energy, than to read about it on Facebook with a negative review of your workplace.

4. Don’t punish them. Find a reward system that will increase their productivity and get them goal oriented. The more they reach their goals, the more you get done.

5. Reward them for their work. As stated above, they are more likely to increase their work if they love what they are doing. If it’s not fun anymore, they have no problem moving on to the next job.

6. Training. Make sure that when you train them, you get them to understand that they represent you on the job and they need to be polite and courteous.

7. Remind them to say thank you. A lot of this generation has forgotten their manners. As a constant reminder, say ‘thank you’ and ‘you’re welcome’. Remind them it’s quite alright to have a pleasant demeanor.

8. Gadgets. Have the most advanced gadgets available to them. They will love you for it, and their productivity will continue to soar, as they are the ones that integrate with this kind of technology.

So, now that you have grown your business beyond the probation period, it means you survived the six month period and your company is growing. You have the new generation to train with their hyper and super brains, let’s hope the list helps out a bit and great things are to come your way.

About the Author:

Blair Thomas is an electronic payment expert, who loves all things finance and planning. He is also the co-founder of, the #1 bad credit merchant account company in the country. But when he’s not running his business he’s more than likely exploring his other passions; music, mountain biking and camping. If you would like to see what he's up to, check him out on Facebook.

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Sunday, May 13, 2012

Top 3 Ways to Help Your Adult Children Become Financially Independent

The Millennials (or Generation Y, as they’re sometimes called) have arguably been hit the hardest by the recession. In fact, some research estimates that only around 50% of recent college graduates find full-time jobs within a year of their graduation date. Because of how the economy has affected the Millennials, a considerable number of them rely on their Baby Boomer parents for financial support, often not out of choice but out of necessity. If your adult child is struggling to leave the nest and gain financial freedom, you probably feel the strain. Fortunately, there are some things you can do to help your adult children become more financially independent. Here are some of them:

1. Network for them – Your kids probably didn’t do much worthwhile professional networking in college. The other young people they know are unemployed too, and aren’t much help when it comes to referring them to potential employers. You’ve had decades to build a solid professional network. So, talk to people you know, and see if you can get your foot in the door at a few companies for your kids.

2. Encourage them to take any paid work – Yes, it’s frustrating to realize that your children can’t even get a job at Starbucks, even though you spent an exorbitant amount of money helping them through college. However, you and your kids need to swallow your pride. Any job is better than no job. So, encourage your child to take any work he or she can find, even if it’s part-time work. Any job will allow your son or daughter to acquire new skills, meet new people, and hopefully move up the ladder at some point. Starting off part-time in the mailroom can actually pay off.

3. Teach them good financial habits – You probably stressed the importance of saving money to your children throughout their lives. Now that their adults, they may need some extra help sharpening their financial skills. Remind them that credit usually isn’t the answer and budgeting can be a lifesaver. Teaching your kids how to make good financial choices will help them weather the storm of the bad economy and job market. Thanks to your guidance, by the time they do get the full-time job of their dreams, they’ll know exactly how to achieve financial success and security.

You can’t change the job market, but you can help your kids beat the system and become financially independent. You’ll be glad you put forth some extra effort when they’re out on their own and you’re able to save more for your retirement.

Author’s Bio: Carolyn is a guest blogger on the subjects of personal finance, small business finance, and ecommerce tools like order management systems, Shopify, 3dcart, and BigCommerce.

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