More than one-in-three American workers today are Millennials (adults age 18 to 32 in 2017) and believe it or not, Millennials currently own the largest share of the American workforce (U.S. Census Bureau data). Like most, you've probably realized by now that generational gaps do exist and there is a necessary effort to make appropriate changes for the next generation of leaders. It's no secret that Millennials are hopping from one career to the next as they make their mark in the workforce. Consider the following 5 methods to recruit, retain, and empower young professionals:
1. Encourage intrapreneurship and internal innovation
Innovation resonates with Millennials. Allow your employees to behave like entrepreneurs within your organization and watch the magic happen.
2. Communicate and track career progression and development
The #1 reason Millennials leave organizations is the lack of career opportunities.
3. Create unexpected one-of-a-kind experiences
Millennials value events and experiences over tangible rewards.
4. Support work/life balance and flexible schedules
Creative scheduling leads to... you guessed it, more creativity. Better yet, flexible work schedules build employee loyalty.
5. Integrate family at work
Millennials are greatly influenced by their family. Don't forget to include the kids and parents when planning your next work party.
