Recruiting Millennials - The Best Prescription for Business Growth
Have you considered hiring millennials, but shied away in fear of what might happen? Are you unsure of how to entice young talent and keep them for the long run? You're not alone.
Organizations of every size struggle with this exact same issue.
Millennials are one of the fastest growing segments of the workforce. In fact, a recent Deloitte survey estimates that millennials will comprise 75% of the workforce by 2025. A number that's hard to ignore.
Smart organizations are already planning on how to lure and keep the best young talent. Here are a few of the top strategies they are using.
Millennials Value Both Pay AND Benefits
The old corporate model - put in the time/pay your dues - is becoming obsolete. Millennials are smart, innovate and know they can contribute immediately. Don't think that because workers are young you can hire them for pennies on the dollar.
Pay your employees based on their abilities (not their age).
Millennials know they have options. If your company doesn't recognize the value they provide, someone else will.
It's about more than a paycheck. The next generation of employees crave flexibility and fun in the workplace.
Consider offering adjustable schedules and telecommuting as alternative work options. Think about fringe benefits as well. Like food or snacks in the break room, gym memberships and team events that build a sense of community.
All of which make your company more attractive.
And with the increasing number of women in the workplace, comprehensive maternity benefits and expanded childcare options are a no-brainer.
Training and Growth
Even if they're hired for a junior position, don't expect millennials to stay there. These professionals seek growth and advancement in all areas of their career. That means instituting comprehensive training and mentorship programs to guide their path.
Which in turn foster company loyalty.
Millennials Appreciate Technology
Some employers believe that millennials are all about technology - and they're right. But that's not a bad thing.
Because of their ability to harness trends in hardware, software, and social media, millennials think outside of the box. Constantly seeking better and faster ways of solving problems and doing business.
More importantly, millennials understand millennials.
Their symbiotic relationship with technology keeps them on the pulse of your customers. Using social media, mobile, and video gets your message in front of more eyes faster than ever before.
It's like expanding your marketing power with each new hire.
Millennials Want To Make An Impact
For the young professional, work shouldn't just test their abilities, but provide a deeper sense of meaning as well. Millennials are passionate about creating change not only on the job but in the world as a whole.
They care about the environment and want to see it protected for the future. Make no mistake, organizations failing to go "green" are missing out on top talent.
Oddly enough, hiring these same candidates is how you get there. Millennials create environmental initiatives that help your company and align with their personal beliefs.
Show Some Love
Millennials collaborate with others using a collective mind to solve tough issues. They welcome open floor plans and plenty of shared workspaces to do their jobs. But don't let their efforts go unnoticed.
These go-getters appreciate praise and frequent recognition for their accomplishments.
And if you can do so in front of their peers, all the better. Consider expanding your workplace recognition programs and actively seek to reward high performers.
Millennials have gotten a bad rap.
Some employers think they're lazy - but nothing is further from the truth. Young workers are passionate about their careers and want to make a difference. But if they don't believe that's happening, they'll look elsewhere instead.
Be positive about hiring millennials. They bring about needed change to your organization that may never happen otherwise.
Don't think about it as entitlement - consider their actions as cultural change for the better.
Together- We Succeed!
Chase & Associates
Looking for top tier talent? Ready to make a career change? Click the "Let's Connect" button to talk to one of our executive recruiters. Did this blog post hit home? Please click the share button. Your support is greatly appreciated!