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Millennials - the new age workforce that forms the bulk of our working population today. These are the group of working adults that are born between 1981 and 1997.

Interestingly, Millennials are a relatively unique group of workers. Known for their ability to work within a fast-paced environment and their eagerness for success, their needs in the corporate world have baffled HR practitioners and top management. The big questions is - what exactly do Millennials want for their career?

According to a recent survey conducted by office space provider, Instant Offices, Millennials strive in a rapidly-evolving working environment. Additionally, their career aspirations do not differ that much as opposed to their predecessors - one that offers a myriad of career opportunities and progression.

Ten years ago, helicopter taxis would have sounded as a ludicrous idea and catered only for the very rich. Fast forward today, we have silent cars from Tesla, self-drive cars driving around in Google campus in United States, drone deliveries within countries - technology has certainly advanced at an extraordinary rate in recent years.

Shortage of Skills Affects Employees' Productivity and Job Satisfaction

According to the recent Hays U.S. 2018 Salary Guide, more than half of the 3,000 U.S. managers and employers surveyed indicated that they are hiring in 2018.

However, more than three-quarters of the survey respondents have highlighted that their industries are currently facing severe skills shortages. In fact, this outlook is affecting job productivity amongst employees in these industries, resulting in lower job satisfaction and high turnover rates.

Based on the survey results, industries that have reported the greatest skill shortages are construction and life sciences.

The problem of skills shortages is largely attributed to the lack of training and development provided to workers across the various industries. Additionally, hiring is also on the upswing for gig workers due to the flexibility and the lower costs associated with these “freelancers”.

There is no denying that implementing a time and labour management system can help to speed up HR processes and elimination the manual way of tracking employee's attendance records. With the growing adoption of these cloud based HR solutions, deploying these systems have become relatively easier in recent years.