Millennial Revolution
By 2025, the  Millennial Revolution will be complete and they will make up 75 percent of the workforce.

Now, does that scare you or excite you?

Sometimes, millennials are characterized as lazy, uncommunicative and not willing to put in the time in order to succeed. In other characterizations, they are hard-working, wonderful and seemingly the answer to all our problems. Somewhere between these two drastic descriptions lies the true depiction of millennials. Whether that statistic scares you or not, all recruiters and employers must prepare for it. Yes, what millennials want is different than what the past workforce has desired or needed, but that doesn’t mean they are unintelligent and unwilling to do the work.

So, now that we know that millennials have the capability of being in a job for the long haul, how do you recruit and retain them? Research done by Robert Half found that millennials want the same thing as past generations: growth opportunities, job stability and a competitive salary. However, these perks are almost more of a requirement for the Millennial Revolution. They are looking for the right fit instead of just any job.

A competitive salary and benefits are a must. Nowadays, there isn’t just fierce competition between employees. Current and future workers are bright, highly-educated and motivated. Companies have now joined the competition for the best talent. When you find a candidate that is smart, talented and available for a value-market salary, you should jump on the opportunity and begin to invest in them. Offering them a decent salary will help make them feel valued.

Along with good pay and benefits, companies should offer training and skills development. Helping millennials grow personally and professionally will build loyalty, experience and talent, and they will feel inclined to do their best work for you because they will feel your investment in them. This can include offering to pay for more schooling, such as a Masters or MBA, or memberships to relevant career associations or other types of training or classes. Ultimately, this creates a culture centered around the pursuit of learning and purpose, inspiring employees to continue to better themselves and your company.

Flexible working hours and more paid time off also add that last bit of an edge to your employment offer. Millennials desire a good work-life balance and don’t want to feel work dictates their lives. This generation lives by experiences and moments and wants to the time to do that. More paid time off also builds a sense of trust and confidence with them.

Times are changing, and the Millennial Revolution is almost here.   They are quickly becoming the majority of the workforce. In order to position your company for success in the future, refine your recruiting strategy and position your employees for success in their job and their overall career.

Corban OneSource specializes in companies with 75-6,000 who need help in the core HR tasks of Payroll, Benefits Administration, and General Administration.  Find out more about how Corban can help you strategize HR solutions fast.