How To Hold On To Millennials

Millennials get a bad rap these days as job hoppers. However, most want to find a great company to grow with. In order to secure dynamic millennials as new hires, you’ll need to adjust how you interview and portray your company in the most attractive light for them.

Employee retention is essential, and you’ll find that life is downright painful without it. Companies with high staff turnover rates spend a lot of time and money on hiring. Spinning your wheels in the hiring process is exhausting and hurts employee morale.

There are ways to hold on to these millennials, reduce your turnover, and build a great team.

 

Take Your Time and Hire Right

The goal is to find a solid employee with a passion for your company and a drive to succeed. You will want to pass on the candidates that seem flighty with exaggerated dreams of fame and fortune. They won’t stick around long.

Also, hiring managers should embrace millennials that already have some job experience with other companies. They know what they like and don’t like at this point and may be more likely to settle in and stay longer.

 

Millennials Want a Two-way Street

Work-life balance is important to millennials. They have a willingness to work hard but expect quite a bit from their employers in return. Millennials demand outstanding working conditions, nice salaries and desire growth opportunities.

There are several ways to provide to create two-way street:

  • Flexible work hours
  • Great training programs
  • Ask for their opinions and preferences
  • Set clear guidelines and expectations
  • Applaud their achievements and efforts
  • Give them quick feedback
  • Be open to frequent communication
  • Change Is Good

 

In your efforts to retain your millennial workforce, you will find that some changes need to be made within your company. Don’t shy away from this. Your style and culture may need to shift in order to create an environment where millennials will thrive and have the desire to stay and grow in their positions.

In recent years, millennials have brought new perspectives to the workforce. We have seen them embrace equality and diversity in the workplace, for example. They are open-minded and passionate. If you want to retain this talented group, then you’ll adjust accordingly and won’t be sorry you made the effort.

 


Written for us by our associate Gary Sorrell, Sorrell Associates, LLC.

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