5 Things Millennial Doctors Value More Than Salary

We seem to hear each generation say, “Things just aren’t the way they used to be,” as they cling to the traditions and values of the good, old days. Well, they are right about one thing: things are changing. The problem isn’t that these changes are good or bad—they’re just different. And the new wave of millennial doctors are looking for a workplace that reflects that change.

To an extent, millennial doctors want a job that honors their view of the world. A giant paycheck isn’t as important to them. Of course they want to earn a living and be compensated for their hard work, but they know this paycheck isn’t the only way to achieve the good life.

Keep the following priorities in mind as you hire millennial doctors. Don’t just sell the salary, sell the lifestyle benefits.

Embracing diversity

Millennials are diverse. In fact, over one quarter of the millennial population belong to a minority group. Chances are a good chunk of your millennial candidates will belong to one of these minority groups. Understandably, these future employees expect fair and equal treatment in their work environment, and you can expect their non-minority colleagues to stand up for them.

Even in 2009, “Physicians who self-identified as non-majority were significantly more likely to have left at least one job because of workplace discrimination (Black, 29%; Asian, 24%; other race, 21%; Hispanic/Latino, 20%; White, 9%),” says an article published by the The Journal of the National Medical Association. Millennials as a whole have begun rejecting biases and discrimination against race, gender, religion, and sexual identity. They value a workplace where everyone is respected.

Separation between work and life

Most people wish they had more free time to spend with family and friends, but millennials seem to prioritize this work/life balance more than most. While they’re no strangers to putting in 110 percent, many are feeling the brunt of being overworked. They have been known to give up a pay raise or promotion if it means having more schedule flexibility. What does this mean for your potential doctors? It means it’s important to be clear about job expectations from the beginning, and be open to setting boundaries in terms of working late or contacting physicians outside of work. Respecting your doctors’ hard work by honoring their personal time is an increasing expectation among the younger generation.

Collaborative teamwork

Millennials are social creatures. They were raised at the climax of technology and connection. These changes, which were once seen as new and of little consequence, are now seen as normal parts of a work culture. Millennials care what the people around them are saying and debating. These doctors crave to know the views and opinions of others, whether it’s casual conversation with colleagues or new research in the medical field. It’s in your best interest to nurture and promote this social style of working in order to engage your millennial physicians and maintain a positive work environment.

Making a meaningful contribution

Among the rise of selfies and social media, there has been an increase in social awareness and responsibility. As Tomas Chamorro-Premuzic wrote in the Guardian, “In the 1950s, 12% of high-school students perceived themselves as “an important person”—by the 1990s, 80% did.” This is not because millennials are only trying to look out for themselves. Rather, it is because they feel that they have something to contribute to the situation, and they feel that their questions or concerns should be heard. Your millennial doctors entered the field of medicine for similar reasons as you—to help people. It’s important that they know they’re contributing meaningfully to your organization and the world of healthcare.

Allowed to constantly seek knowledge

Have you ever stopped to consider how amazing Google is? You can search any question, at any time, and have instant access to information. Millennial doctors have grown up with this tool, among others, and it’s left them hungry for information. Your young physicians are always on the hunt for something new and often feel that their job is an advanced way to learn. Joining your practice or hospital is a new way for them to dive deep and learn the ins and outs of medicine, including hands-on experiences and research opportunities.

Sometimes it isn’t all about the money, and millennial physicians take this theme to heart. These employees value fairness, teamwork, and learning just as much as they desire a hefty paycheck. Have you created a working environment that appeals to the modern doctor on your payroll? If you’d like to request a demo or contact us with questions about how our services can help you find physician candidates, please visit www.physemp.com.  

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