Millennials: They’re the workers born between 1982 and the 2004, and they’re crucial to your organisation. They’re willing to learn, receptive to feedback, and their first choice of benefit from you is development, not salary.
Millennials can be your most valuable resource, so how do you make them stay?
Let’s start with PwC’s top five reasons millennials are likely to quit:
- Minimal wage growth
- Lack of opportunity to advance
- Excessive overtime hours
- An environment that does not encourage teamwork
- A boss that doesn’t allow flexible work.
Here’s what you can do to avoid these pitfalls:
It’s important for you to explain what you can offer employees and what you expect in return. Think about what motivates millennials (hint: development, flexibility and feeling valued) and appropriate rewards for good performance.
Managers need to understand the personal and professional goals of millennials. Assign them special tasks more frequently to give them a sense they are moving toward something and gaining a variety of experiences.
Millennials crave flexibility and work well with clear instructions and targets. If you know what you want done by when, does it matter where and how they complete the task?
Offer continuous learning opportunities
Millennials want as much training as possible. If your organisation is more focused on developing more senior people then you could risk losing future talent if you fail to engage millennials with development opportunities.
Instill a positive culture
Millennials are more likely to report high levels of satisfaction if they work in an inclusive culture with similar values to their own. In workplaces where this culture exists, employees experience greater job satisfaction, stronger loyalty and higher levels of job performance.
For more tips on how to keep millennials in the job, go to the PwC website
If you’re looking to hire a new employee, MAX can help you find someone that’s the right fit for your organisation. Call the MAX Employer Hotline on 1800 625 350 today.
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