Earlier,
we demonstrated how to create a strong employer brand to attract talent in a highly competitive marketplace. Different
generations require different recruitment approaches, and with baby boomers
nearing the cusp of retirement, it may be time to focus more on the dynamic, 80
million strong, Millennial generation.
Just how worried should you be about these generational
changes?
Well, the Office
of Employment projected that the average large company in
the U.S. will lose 30-40% of its workforce due to retirement over the next 5-10
years. Yikes. Definitely time to shift your Millennial
recruitment strategies into high gear.
Young Talent
Hiring young talent has many benefits:
- Flexibility. You have the opportunity to shape an
individual to be the best fit for your company.
- Youthful
perspective. Millennials bring
fervor and excitement to client engagements, meetings and projects.
- Innovation. This is the most educated and technology-savvy
generation. They bring fresh ideas,
creative thinking and the ability to see things differently.
The key to unlocking this talent pool is understanding the background
and characteristics of this generation, as well as accommodating their work style and
motivators.
To hire a Millennial, you need to think like a Millennial.
So here’s how we suggest you focus.
The Top Three Ways to Get on the Millennial Radar
1. Foster their interest in technology
Growing up in a digital savvy world has
created the expectation of innovative websites, social media engagement, and
interactive recruiting efforts. Everyone wants to be excited about the company
they work for. If your website is
outdated and doesn’t captivate the skilled person checking you out (believe us,
they Google EVERYTHING), they won’t even bat an eye as they cross you off and move
onto the next company on their list.
Do yourself a favor, update your website,
get on social media, and invest in a well-designed career page that encourages
applicants to get excited to work for you.
2. Participate in the community
To get on their radar, you need to look at
the bigger picture. Figure out how to
promote yourself as not only a thought leader, but also as an active member of
making your community, industry, and the big picture, better.
3. Appeal to their shared characteristics when
constructing recruiting communications, HR initiatives, training programs, and
more.
- Social - This generation is showing up as totally
aware of work-life balance. They value spending time with family and friends
doing things they enjoy. They want a fun
work environment.
- Team oriented – A recent survey of Millennial
professionals, conducted by Robert Half International and Yahoo! Hot Jobs,
found that over 60% of Millennials want to hear from their managers at least once a day.
- Achievement oriented – Praise
is something this group is accustomed to, show that you value your employees
and are invested in their individual and group success.
- Flexible – Technology has opened new
doors and more opportunities – Millennials expect convenience. Find a way to incorporate this into your
program.
The foundation of a successful business is an invested,
interested employee base and Millennials want to be a part of that. Those companies that don’t
change their thinking and processes to attract, hire, and retain this new generation
will risk it all.
Take our advice and invest in Millennials, because by doing
that you not only are investing in yourself as a company, but you’re investing in the strength of our nation.