How to Attract and Retain Millennials?

Despite the stereotypes about millennials desiring slides and beanbags, free beverages, and ping pong tables, they cherish their employment for much more than a few fun perks.

Provide a clear job description

To recruit millennial talent, one of the first tasks is to write job descriptions that meet their expectations. This goes beyond their wage and benefits expectations and considers the function of their position inside the organization. Never before have Millennials' job ambitions been so driven by their desire to make a positive influence. Ensure that you are marketing the position to prospective employees by emphasizing the value you provide to the community and the significance of the work you are doing to attract qualified millennial applicants.

Offer clear career advancement

Career advancement is the #1 objective for millennials. They hope to climb the success ladder swiftly and expect to advance in a firm faster than any previous generation. To fulfill their career advancement goals, millennials anticipate feedback and opportunities for personal development and training. A continuous feedback loop between businesses and millennial employees will ensure that they feel heard and that their development continues.

A contemporary approach to mentoring

In addition to seeking well-defined career paths, they also benefit from mentorship, perhaps not in the traditional sense. A contemporary strategy that varies the typical mentor-mentee connection provides numerous benefits for both parties. Traditional methods emphasize downstream learning, but organizations and senior management can also learn from millennial employees by looking upward. This is especially useful for comprehending new technology and the benefits they bring to a business, as well as taking advantage of social media chances.

Transparency

In the information age, millennials have grown up with more access to data and increased openness demands. They value company openness so highly that it is seen as one of the essential leadership qualities. By keeping communication channels open and fostering trust, you will appear appealing to millennial employees. Transparency has been related to loyalty among millennials, and evidence suggests that millennials do better in open, candid organizations devoid of a micromanagement culture.

Invest in technology

Millennials are a digitally native generation. Throughout their lives, they have witnessed the rapid development of technology, which has become synonymous with their daily existence. Consequently, millennials have high expectations for the technology they employ in the workplace. SurveyMonkey and Microsoft collaborated to produce a survey revealing that 93% of millennials regard modern technology to be one of the most important aspects of the workplace.

More than any previous generation, millennials utilize technology to enhance personal development and increase productivity. The importance of technology in communication, education, and project management is crucial. By using the most up-to-date and appropriate technology in the office, millennial employees will be more engaged and happy.

The millennial generation is unparalleled. Employers must consider changing to accommodate the newest generation of employees, who are digital natives with different expectations for their careers than their predecessors. As the largest generation to ever enter the workforce, millennials will make up 50 percent of the current workforce by 2020. Companies must consider not only how to attract millennial talent but also how to retain it.

Millennials have a unique circumstance that makes them more prone than any other generation to transfer roles; they do not incline to remain in a single role for life, as many of their parents may have done; and they have new values. Millennial employees place a premium on social responsibility and ensuring their roles have meaning.

To attract millennial talent, you must emphasize more than simply compensation and benefits, as well as the contribution they will make to society and the early advancement opportunities. Employ a two-way mentorship program where senior and junior staff can learn from each other's expertise and knowledge base. Ensure that your millennial workforce is engaged with the latest technology to ensure that they can complete their work as efficiently as possible. Offer staff regular feedback loops and be honest and truthful with them.

Implementing these main focuses into your business operations will ensure that you not only attract the millennial talent you seek to add to your workforce but also help them become loyal employees, thereby retaining their talent for years to come.