Appealing to younger workers
Today
millennial make up for the majority of the workforce. In 2020, the working
population of this age category reached 53.5 million, the group of 18-34 year
olds claimed this title. Human resource managers must take a different approach
and learn a new range of skills while recruiting young professionals.
Figure 1: Millennial workforce
Millennial
are inspired by companies that have a strong vision and mission that they can
relate it to personal level. They want to know how their job fits into the
business, as well as how the business affects society as a whole. They are also
inspired by strong career advancement opportunities that reflect their positive
impact on the organization. While it can seem difficult to attract and retain
millennial talent, there are several tactics a company may concentrate to appeal
the target audience. Millennial, for example, have more student loans than ever
before, and most of them value incentives that help with loan repayment. Though
salary is often the most important consideration for job seekers, millennial are
interested in career growth too. Companies believe that providing workers with
professional development and training programs, as well as promoting them
through the recruitment process, is a winning strategy.
· Winning
strategies for an organization to appeal young workers
1. Create a thriving corporate culture: Millennial don't want to go to work in a stuffy office, type
in cubicle, and then go back to home. They desire to be a part of a community.
The majority of young professionals choose to work with businesses that have a
distinct organizational culture
Figure 2: Corporate culture
2. Employee benefits: According
to researchers, raises and incentives are the most effective recruiting methods
for millennial. Vacation and sick leave are significant, but for young workers,
the ability to work from home is even more appealing. Millennial wants to work
from home, build their own 40-hour working weeks, and buy extra vacation time.
Health-care and retirement packages
are also motivating factors for millennial. Young professionals are very well
aware of the increasing cost of medical care and seek competitive health and
retirement choices
Figure 3: Employee benefits
3. Mentorship:
The concept of work mentor
is not a novel concept, but the millennial generation has given it a new twist.
The instructor is usually the counselor, who is usually older than the
individual being mentored. It's a one-way relationship, whereas millennials
don't want to be a part of that team. Mentorship, according to millennial, is a
two-way partnership or relationship. Both parties are benefit from each other's
experiences.
N.Y.T.Magazine.
(2020). What Google Learned From its Quest to Create the Perfect Team.
Retrieved 04 20, 2021, from
http://www.nytimes.com/2016/02/28/magazine/what-google-learned-from-its-quest-to-build-the-perfect-team.html
P.Research. (2020). Millennials
Surpass Gen Xers as Largest Generation in US Workforce. Retrieved 04 19,
2021, from http://www.pewresearch.org/fact-tank/2015/05/11/millennials-surpass-gen-xers-as-the-largest-generation-in-u-s-labor-force/
Paychex. (2020). Which Benefits
Help You Recruit and Retain the Best Employees? Retrieved 04 20, 2021,
from http://www.paychex.com/articles/hcm/benefits-help-recruit-and-retain-best-employees
Schooley, S. (2020, 03 02). Business
news daily. Retrieved 04 20, 2021, from How to Recruit Millennial
Employees:
https://www.businessnewsdaily.com/7369-millennial-recruitment-mistakes.html#:~:text=To%20recruit%20and%20retain%20millennial,emphasizing%20job%20flexibility%20and%20collaboration.



Generation Y workers have a very different point of view than their managers. This generation has grown up with Facebook, mobile phones, and global warming. They don't believe in spending their whole career at one company, but plans to move around. Here are 10 tips to keep Gen Y team members motivated at your company.
ReplyDeleteGood article Isuru.... Today's millennial employees can bring fresh perspective and a different way of thinking to your business. Most young workers are eager to learn, build their experience and apply their skills in the workforce. This enthusiasm is great for team building, productivity and workplace morale.
ReplyDeleteMillennials are different from the staff recruited ten years back.They have different outlooks and needs.If an organization treat them in the same way like in the past the probability of losing them is very high. Creating a fair environment with flexible environment will help to attract and retain the talent. Providing sufficient holidays, compensations, charity work, more leisure time flexible working hours would lead an organization to be succeed with millennials.
ReplyDeleteBusinesses around the world are beginning to reckon with the fact that Millennials and Generation Z now make up over a third of the workforce. Where in previous years, youth unemployment was a massive issue among younger working generations, today the tides have turned considerably. As Baby Boomers begin to retire and Generation X starts to fill in for them, businesses are finding themselves struggling to attract and retain the younger employees that they will eventually need to continue their productivity and profitability.
ReplyDeletethe younger working generations are aware of the prevalence of ageism in the world of business and how it affects senior workers just as profoundly as those just starting out their careers. Companies that are able to effectively communicate with an intergenerational workforce by opening up various avenues of communication are far more likely to inspire younger workers to stick around.
ReplyDeleteAccording to your view, It is not easy to attract and hold MIllennials in the workplace. This generation has very specific characteristics, requirements, and expectations. Consequently, employers have to put in additional effort to make them satisfied, involved, and fruitful.
ReplyDeleteMillennials make the majority of today’s workforce. Moreover, according to the U.S. Bureau of Labor Statistics, they will make 75% of the US workforce by 2030 . It is not easy to work with and engage Millennials in the workplace. Therefore, it is not surprising that there is a lot of talk and research about Millennials in the workplace.
ReplyDeleteThe individuals of this generation are willing to work hard, and they want to achieve financial rewards along with having a good work-life balance. They tend to want to try a variety of avenues to have different experiences before settling down to a specific path. Job rotation programs are popular with Millennials. It’s true to say that some of the behavior and attributions of millennials can be explained by their age and relative as lack of responsibilities, lack of focus and lack of respect or courtesy etc.
ReplyDeleteBut their career aspirations, attitudes about work, knowledge of new technologies and the talent will be more relevant to the culture of the 21st century of workplace.