Unless you’ve been living under a rock, you’ve probably been inundated with news about Facebook.
But if you’re like a lot of employers, you’ve had Facebook fatigue for a while. The fact that your 20-something, or millennial, employees are logged on to the site during work hours drives you crazy, to the point that you’ve considered blocking it.
No Facebook? No Deal!
According to Cisco’s second annual Connected World Technology Report, which surveyed 1,400 college students age 18 to 23, and 1,400 young professionals under 30, across 14 countries, the ability to use social media, mobile devices, and the Internet more freely in the workplace can influence job choice, sometimes even more than salary.
In fact, 40 percent of college students and 45 percent of young professionals said they would accept lower-paying jobs in exchange for those freedoms. You read that right.
Here’s a kicker: Millennials long to work for cool companies, and blocking Facebook is the fastest way to make yours look like a dinosaur.
It’s clear that it is time to stop thinking of Facebook as productivity’s number one enemy, and start thinking of it as the answer to engaging Generation Y.
Here are four reasons why Facebook is the secret to motivating millennials.
Reach Millennials Where They Are
If you’ve tried traditional corporate incentive programs, you know that getting employees to use them (beyond the initial sign up) is half the battle. The answer is to fish where the fish are, and the millennial fish swim on Facebook.
In fact, Price Waterhouse Coopers found that 92 percent of millennials in the U.S. belong to an online social network. The data is so overwhelming, that it’s critical to view the Facebook millennial connection as a no-brainer. That’s why the site is the perfect home for your next program.
Facebook has a big advantage over external websites with log-ins that may be forgotten, or old-fashioned rewards catalogs that may never get paged through. On Facebook, it’s all right there, easily accessed and updated in real time.
Plus, since 20-somethings tends to surf the web via smartphone, programs that reward out-of office habits (think: wellness initiatives), are a perfect fit — as users can participate while jogging on the treadmill or eating a healthy meal.
Millennials crave compliments and need reassurance that they are performing well, according to Barbara Keats, a management professor at the W.P. Carey School of Business.
Remember, as kids they earned trophy after trophy for just for participating. So it’s no surprise to learn that they are hungry for positive feedback.
But like anything else in their lives, if it isn’t posted on their wall, it’s almost like it didn’t happen at all. In other words, accolades that can be viewed by their colleagues will pack twice the punch. Facebook makes it painless to commend and reward your employees publicly.
Millennials love a collaborative atmosphere, and thrive when allowed to work in groups. They don’t mind sharing the glory of achieving things via team effort.
With a Facebook based incentive program, you can easily gather employees into teams, and allow them the option of working toward group rewards. Doing so will strengthen existing group ties, build new ones, and reinforce the work environment that millennials consistently say they want.
Reward Value Increases Exponentially
By seeing what their peers have earned and enjoyed, the rewards that you offer will grow in perceived value — and millennial staffers will be more motivated than ever to rack them up.
A recent study by Bazaarvoice found that eight out of 10 millennials value user-generated content above all other marketing materials. In fact, user feedback and reviews influence them so much that they simply will not purchase big-ticket items without consulting them first.