When it comes to the workplace, millennials are different mainly because they have a different driving force, expectations as well as motivation as compared to predecessor generations. It is therefore significant that organizations evolve to suit and address their needs. As much as this might be challenging for corporates, they should take it head on because the fact remains that they are not only the future of labor pool but also a high percentage of them are in the work stream already. By 2025, 75% of the labor force will be millennials, and they are also going to run the place. It, therefore, means the traditional ways of running a company in terms of forced rankings, annual reviews, as well as outdated competencies are not producing any positive results. For leaders to have successful companies, they must have a workforce that is engaged and motivated. Through extensive research, it helps shed light on different issues millennials have in the workplace. When the needs of these millennials are understood, companies can comprehend how to motivate and engage them.
Millennials are a generation after generation X and Generation Z. This group is the largest in human history. It is official, the millennials, those between age 15-35, have outnumbered the baby boomers making them the biggest population in history. This is in accordance with the research done by the Pew Research Centre analysis of U.U Census Bureau data. This is one major reason why this report is significant. It, therefore, goes without saying that this is not only a millennial report, but it presents discoveries with fresh insights from the perspectives of employees and employers.
The primary objective of this report is to underhand how to engage and motivate millennials by understanding their needs and wants. Another goal is to comprehend the ideal workplace for millennials. This consequently raises the question, how can the millennials be attracted, engaged, motivated and retained in a workplace? This is a descriptive question. This is because the goal of the question is to describe different ways to engage and motivate millennials merely. It seeks to find the not yet known answers to the questions. Therefore, these answered can be found through observation or people need to be interviewed on the issue. The implication of this question on the future of the research is that different tools will be used to collect data and some tools will require a lot of research input throughout the process. Furthermore, different analysis approaches will have different applications in different context.
Some of the data requirements for the report include the group of millennials, who are the unit of analysis. Unit of analysis is the main entity being analyzed in the study. The unit of observation is the engagement and motivation methods that companies should use on millennials. Unit of observation is what is observed or collected in the course of analyzing unit of analysis. All these data requirements will have different implications on the type of data collection technique to be applied. The richness of data, as well as information that will be gathered, will be beneficial to the report.
The process of research can be time-consuming and expensive to employ, and probably the larger and greater impact in terms of a broader business application is that there can be difficulties in gathering large data sets, so creating a representative population can be hard. There is also an increased potential for error and bias within the process due to the significant amount of researcher input. Moreover, risks such as confidentiality of data that has voluntarily been given by participants may occur. Resources such as data, capital as well as human power might be scarce.
Business rules enable researchers to interpret data, define key business performance indicators as well as offer solution through redline values. Knowledge artifacts are inclusive of business-relevant information about a business entity, key activities as well as how processes can be sequenced. They include the Extract, Transform and Load (ETL), Business Process Modelling (BMP). These tools are used during the design and analysis of reports. These rules affect the metrics to be modeled as well as the numerical computations. The process involves calculating formulas, querying data as well as statistics to transform as well as associate variables specification. These variables are based on information gathered from various techniques.
These rules imply that once the objectives have been identified, different organizational resources and indicators on key performance must be defined too. The Semantic of Business Vocabulary and Business Rules (SBVR) is fused with models such as Model Driven Development (MDD) to use tools to collect data with real value for businesses. They are used to define various knowledge and vocabulary forms.Logical specification of data on each task as well as associations between them presented in a declarative and procedural workflow. Either using conditional, pre-conditional rules Followed by the executable workflow. All these are to ensure information is consistent and have logical interoperability in a business application.
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