Reaching millennials They are driven by passion. They prize work-life balance. They grew up during the digital revolution; technology is their first language. They value knowledge and seek out environments that allow them to learn, develop and grow. They are millennials, and they have redefined the world of work. This SmartBrief on Workforce Special Report offers a roundup of news and stories about engaging millennials in the workplace. We shine a light on what's important to them, how they prefer to work and communicate, and what employers can do to foster generational unity. If you're not already receiving SmartBrief on Workforce, we encourage you to subscribe today. This daily newsletter will keep you updated on the news, policy and trends shaping the workforce -- for free!
Ebook: Busting Millennial Myths Millennials in the workforce are here to stay and we'll show you what really wins them over (think opportunities for growth, mentorship, transparency, and your company's mission). Download the Ebook now.
ADVERTISEMENT
Leadership
ADVERTISEMENT
What millennials are looking for at work Millennials want to make sure they have received adequate training and that there are clear expectations when judging a new job, according to a survey by Qualtrics and Accel Partners. They are also looking for managers who are trustworthy and understand the importance of work-life balance. CNBC (4/21)Blending a multigenerational workforce Generational strife in the workplace is counterproductive; instead, millennials and older employees should learn from each other, writes Shira Hirschman Weiss. Millennials' willingness to buck hierarchies and their desire to separate work and home life are important to reckon with when creating policy. HuffPost (4/19)A game plan for communicating with millennials Millennials thrive on teamwork, and they value the opportunity to share input and make their voices heard, experts say. Managers need to follow through on promises made during the hiring process and should make time for one-on-one meetings with millennial employees. Inc. magazine (4/2017)
Engagement and Retention
Survey: Millennial workers seek purpose in jobs Thirty-seven percent of millennials say they would leave a job if they did not find meaning or purpose in it, according to a recent survey from ManpowerGroup. This attitude differs from previous generations, whose members found job satisfaction primarily in their paychecks. Bloomberg BNA (free content) (4/24)Millennials expect diversity to be standard in the workplace Millennials are drawn to organizations that are dedicated to diversity and inclusion and that demonstrate that commitment through policy. Unlike their predecessors, millennials expect companies to embrace diversity and individual contributions, not fight them, and they aren't drawn to companies that are behind on inclusion efforts, write Jane Griffith and Eric Beaudan of Odgers Berndtson. The Globe and Mail (Toronto) (tiered subscription model) (4/21)How to appeal to millennials To attract millennials, offer a flexible work schedule along with career development, writes Sue Dodsworth, chief diversity officer at Kimberly-Clark. "In your recruiting efforts and day-to-day communications, emphasize how your business is making a difference and operating in a socially responsible way," she writes. HR People + Strategy Blog (4/12)
34 Questions to Inspire Your EVP Developing a strong employer value proposition is key to attracting and retaining talent. Candidates & employees will see why you're different (and better) than your competition. Getting started is easy—use these 34 questions to inspire your EVP.
ADVERTISEMENT
Benefits and Compensation
Video games, nongaming amenities could bring in more millennials Casinos are turning to video games and nongaming amenities like shows, clubs, restaurants and hotels to attract millennials turned off by the passivity of traditional slot machines. Gamblit Gaming has introduced multiplayer, fast-paced games at Harrah's Resort Southern California as well as Las Vegas' Planet Hollywood, Paris, The Linq and some other Caesars Entertainment properties on the Strip. The San Diego Union-Tribune (tiered subscription model) (4/18)Why employees want workplace clinics Creating on-site clinics is one way to help employees -- particularly millennials -- who are worried about insurance costs, according to HR executives. "The response to the on-site clinic was overwhelmingly positive and is by far considered our best benefit offering," said Franck LaBiche, HR director for the manufacturer Laitram. Forbes (4/16)Millennials lacking in financial literacy, study finds A study by digital investment adviser Stash indicates that gaps exist in financial literacy among millennials. Among the study's findings: Only 48% of millennials are putting money into a 401(k), 41% are unaware of the importance of a diversified investment portfolio, and 26% think a "moderate" investment will generate annual returns above 16%. WealthManagement (4/5)
Build Your Employer Brand & Attract Top Talent Getting top candidates in the door requires more than just posting a job. Applicants engage with a company's site, social channels, and employer brand. So, how does your company stand out? That's where we come in.
