However, this isn’t the case: new-age workers have different priorities than their parents and grandparents. Gone are the days of working one career until retirement. Millennials are prepared to leave a workplace if they don’t feel their needs are being met. Learning to manage your millennial workers properly is critical for retaining them in the long term. In this article, I’ll discuss some of the best employee retention strategies for the new-age worker.
New-age workers are often written off as lazy, but the truth is they are not motivated in their jobs by money alone. Forbes states millennials value a strong company culture and need more encouragement and constructive feedback to feel like an integral part of the workplace.
Also, new-age employees tend to be more creative and skilled with technology. While older generations tend to write this off as “tech-absorbed,” it can be an incredible asset to your company if you can harness their passion and natural talents.
Finally, millennial workers want to feel like they’re doing important work. According to Forbes, 84% of millennial workers care more about making a difference in the world than professional recognition. They need to feel engaged in their career to want to stay with the company.
It would help if you acknowledged their needs to keep your millennial employees from seeking a career elsewhere.
Figuring out the best employee retention strategies for your business takes planning. To develop your company’s active employee retention strategies, click here for a complimentary coaching session.
Coach Dave
Customer referrals are indispensable if you want to grow your customer base organically. A referral…
Why is marketing return on investment (ROI) so difficult to measure? The truth is that…
Cultural resilience is when an organization’s ability to adapt to uncertainty is baked into its…
Studies have shown that 90% of top business performers demonstrate high levels of emotional intelligence…
Most managers and CEOs believe they should be proactive rather than reactive. This makes sense:…
How resilient is your business? A resilient business pivots quickly to avoid disruptions while managing…