However, this isn’t the case: new-age workers have different priorities from 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 effectively is crucial 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 that they are not motivated in their jobs solely by money. Forbes states that 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,” harnessing their passion and natural talents can be an incredible asset to your company.
Finally, millennial workers want to feel like they’re doing important work. According to Forbes, 84% of millennial workers prioritize making a positive impact on the world over 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.
Determining the best employee retention strategies for your business requires careful planning. To develop your company’s active employee retention strategies, click here for a complimentary coaching session.
Coach Dave
In business, obstacles tend to appear when we least expect them. We can allow ourselves…
Does your business have a customer value proposition? Many business owners overlook this crucial step,…
The term “intellectual property” (IP) can confuse small business owners. Your intellectual property is essentially…
When you first start a business, you usually have to be the manager, sales team,…
If you’re not repurposing your business’s online content for monetization purposes, you’re missing out on…
Many business owners spend so much time chasing success that they aren’t sure how to…