It goes without a doubt that some millennial workers are satisfied with perks, but those with little work experience are looking for deeper incentives.
According to The Deloitte Millennial Survey 2016, millennial workers express little loyalty to their current employers and are planning near-term exits; 25% this year alone. That’s three times higher than other generations who plan on doing the same. It is a fact that millennial workers find it difficult to engage with any company for long. But did you know that millennials lead the pack? In fact, according to a Gallop study, 71% of millennials claim either not engaged or actively disengaged at work.
We know employee engagement is critical to retaining employees. And millennials are no different. Tons and tons of articles point to the “what” — What do I have to do to retain the millennial talent? What many of these articles fail to do, however, is provide the “how.” How do you keep this growing population of talent interested and engaged in your company? The investigation of this “how” is the focus of the article you’re reading right now.
Listen To What Millennial Workers Have To Say
Millennials are looking for employers who put employees first. The best way to put employees first and to build trust with them is to open the lines of easy communication networks. Let your employees know you care about what they have to say by instituting one-on-one meetings with them every quarter (or more). These are informal meetings where employees can discuss anything they want in a private and judgement-free environment.
Implementing a program with idea software is another effective way to listen to employee feedback and ideas. Be very certain that they have a voice in the company. Make them aware of the company goals and asking them for ideas on how to reach them. Once you acquire the ideas and feedbacks, the next step is to evaluate the input and response. Remember, closing the feedback loop is as, if not more, important as soliciting the input itself.
Be Eloquent About The Employee Benefits And Growth
Millennial workers are not impressed by the size, age or general buzz surrounding a company. Nearly nine in 10 (87%) believe that the success of a business should be measured in terms of more than just its financial performance. It’s no coincidence that Google, for instance, is consistently regarded as having the best workplace in America. Likewise, it is also celebrated for its CSR platform that supports climate change, education, and poverty alleviation.
You don’t need to compete with corporate powerhouses to send a powerful message to millennials.
Read more about this engaging and thought-provoking article at ERE Media…