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3 Ways to Attract and Retain Millennials

3 Ways to Attract and Retain Millennials
From Recruiter - August 5, 2016

As more and more millennials enter theircareers, they bring with them a new set of values, skills, and perceptions of what makes anideal work environment. According toresearch from IO Sustainability and Babson College, millennials will comprise 50 percent of the workforce by 2020. For employers, attracting these young minds is one thing, but retaining them isanother, more difficult thing.

The millennial generation is used to constant change, communication at their fingertips, and endless opportunities. According to the Deloitte 2015 Global Mobile Consumer Survey, 97 percent of 18-24-year-olds look at their phones within three hours of waking up. Technology use sets millennials apart from other generations; they grew up in a world where almost every aspect of their lives was bound in some way to a handheld device.

But just because this generation uses technology extensively, that doesnt mean that it isa generation of robots. Instead, millennialsprioritize family life, personal relationships, and helping others far above money and job success.

The millennialconcern with personal relationships and philanthropy will soon shape the workforce. In light of this, we have to ask: How can employers attract millennials and keep them from job hopping? According to the Pew Research Center, nearly six in tenmillennials say they have already switched careers at least once. If employers want to retain millennials, they need to evolve to accommodate this generation. Here are three fresh approaches to bringing millennials to the workplace and keeping them there:

1.Give Them Mentors

Millennials are confident and empowered because they have failed many times and have workedhard to learn from those failures. If there is a problem, millennialswant to be a part of the solution.

Millennials value employer-employee relationships built onconstant feedback and honesty. In the 2016 Deloitte Millennial Survey, 76 percent of millennials reported high levels of satisfaction with creative, inclusive work cultures, rather than more authoritarian, rules-based environments. Millennial employees dont want to work for the boss; they want to work with the boss.

Mentorship programs can facilitatethe sorts of inclusive and collaborative environments that millennials crave. They dont need gold stars or constant praise; what they need is advice and reinforcement. They want to know how their work affects the company directlyboth good and bad. The right mentor will be willing to learn about millennials values and build honest and supportive relationships that increase their job satisfaction and feelings of loyalty.

Related: Workers Start Looking for New Opportunities Within their First Three Months on the Job

2. Step Up Your Corporate SocialResponsibilityEfforts

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