Attract and Retain Millennials with a Practical Approach

Millennials have a more practical approach to their careers than previous generations. They want more than just a job; they seek fulfillment and purpose from their work. Also, these workers enjoy solving problems creatively and analytically. 

The good news is that we're tapping into ways to attract and retain millennials while understanding millennial’s priorities in the workplace. Let’s get started. 

Understanding Millennials and Their Career Choices

Understand millennials' career choices and values to attract and retain them. Millennials aren't just digital natives who grew up with ever-changing technology. They also focus on work-life balance, social issues, transparency, workplace well-being, and more. 

Millennials care deeply about feeling a connection to their work; they want to know how their job contributes to the greater good. They also want more career development opportunities at work. 

Strategies for Attracting Millennial Talent

To attract and retain millennial talent, create an inclusive environment. You can do this by evaluating and improving your hiring, recruiting, and onboarding practices. 

Diversity in hiring should include age, race, gender, and sexual orientation. Additionally, recruiters should actively seek candidates from all job markets. Ensure that all job postings feature language that promotes an inclusive work culture. Once you have a candidate selected, an effective onboarding process will make them feel welcome and part of the team. 

Maintaining corporate trends such as compensation management and creating an inclusive workplace will also attract millennial talent. Many millennials prefer jobs with flexible hours and remote working options to better balance work and life. These features in your employee packages will attract top talent and give them more freedom, which they value from their employers. 

Engagement Tactics to Attract and Retain Millennials 

When it comes to attracting and retaining millennial talent, it's not all about the paycheck. Yes, money is important, but there are other ways to engage and retain millennial talent while understanding every millennial’s priority. Here are the following: 

Flexible Schedule 

Millennials have a different approach when it comes to balancing their work and home lives. They want flexibility to work, spend time with family, or pursue their passions. Flexible scheduling gives millennials the freedom they need without sacrificing their productivity. 

Open Communication Channels 

Millennials want an open dialog with their employers as much or more than they need a job title. Open communication promotes collaboration, innovation, and ownership – all things millennials value. 

Career Development Opportunities 

Millennials see their careers as investments in themselves, so career advancement will help keep them. Training and mentorship programs help millennials gain work experience. 

Establishing a Flexible Work Environment and Culture 

Millennials tend to be more engaged in the workplace when they have a flexible working environment and culture. You might think that this means trampolines and sleep pods, but it doesn't have to. It could be as simple as offering remote work on certain days, shorter work hours, or other flexible work arrangements. For millennials to thrive, a collaborative culture works. 

Millennials prefer open workplaces for idea-sharing and collaboration. Employee input and project ownership boost trust, not just millennial satisfaction. 

Flexible Benefits Packages 

Companies with flexible benefit packages attract millennial workers. This includes giving employees perks without worrying about job security. You should also consider offering student loan debt relief and retirement plans. 

These benefits will help your company attract millennial workers and stay ahead of the competition. 

Developing or refining your strategies to attract, engage, and retain a multi-generational workforce? Comp Analyst can help. Book a demo today to learn more.