Keeping Your Business Up on Tech Trends

By: Eide Bailly Technology Consulting

You’ve probably heard the saying “the times are changing.” This saying proves true not only in life, but also in your business – especially when it comes down to technology. However, a surprising number of businesses are still stuck in the past when it comes to using technology.

Not being up-to-date on technology can have some pretty nasty impacts on your business, such as security concerns or lack of efficiency – yikes! However, business owners might not realize the ability to attract – and keep – top, young talent is being impacted by old-school technology practices. It should come as no surprise that millennials are taking over the workforce at a quick pace. In fact, in April the US Census Bureau found that millennials are now the country’s largest population. Because of this, many businesses are trying to appeal to this younger generation of workers.

Millennials have been exposed to technology for the majority of their lives, which leads to them having higher expectations of what technology should do for them and what technology should be offered in the workplace. Does this seem annoying and stressful? Maybe – but it can also be seen as an opportunity to see how your business stacks up in the technology world and just how appealing your business is to this booming workforce.

In 2015, the Bureau of Labor Statistics did some research and found that roughly half of hiring managers struggle not only to find, but also to keep millennials in their business. On the other hand, a good chunk of millennials – nearly 60% — say they only plan to stick around in their current position for about three years! So how do you jazz up your business to attract – and keep – these millennials?

Consider your company’s culture. Does your company view technology as a necessary evil to get things done, or is technology seen as a tool that provides opportunity for growth and innovation? Having a culture that embraces technology for all its worth can show this young talent pool they fit in with your business. The efficiency that comes from using technology to your advantage can boost productivity and team morale – and who doesn’t want to work with happy people?

When it comes to millennials and technology, they’re inseparable. Keep your business up-to-date on technology trends. How?

  • First, get familiar with changes and trends in technology. Our good pal, the Internet, can help with this. There are thousands of resources available online, such as blogs and articles, that you can read up on to stay caught up (or to get familiar) with technology.
  • Another way to stay on top of your game is to see what other businesses are doing. (No, we’re not saying to go spy on the competition.) However, if given the chance to network and communicate with other business owners, bring up the technology topic. This topic can often open up a conversation that lets you get a good idea of where other businesses stand on technology and how they implement it in the workplace.

Keeping up-to-date on technology trends can help your business gain a competitive advantage, and you just might find it easier to attract and retain this young generation of talented workers.

A version of this post first appeared on eidebailly.com.

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