4 Steps to Successfully Hiring and Keeping Millennials
June 20, 2016
“How do I get these Millennials (people born between 1982 and 2000) to come to work for me and stay with me? Everyone’s telling me that putting effort into training them is not worth it. They’re just going to leave anyway.” I’m hearing that from my clients a lot lately. Their concern is understandable. Millennials already represent a quarter of the working population, and are predicted to be 75 percent of the workforce in 10 years - the largest workforce generation since the boomers.
Teens and Twenties and Thirties, Oh My! I’m always surprised at the frustration and fear around the subject of Millennials. This generation is supposedly very different from other generations. As a former educator, I spent a lot of time helping others understand the developmental needs of people in each decade of life, from birth to 99 years. In fact, after reviewing the latest research and talking with many Millennials, the needs of individuals from ages 16 to 35 are still the same.
It’s not about the “entitlement” generation. It’s about what every generation has wanted at this same age: purposeful, meaningful work in an environment where they get positive feedback and opportunities to grow.
What does every generation want when they’re in their 20s and 30s?
Coaching leaders – someone who will listen to them, and encourage them to take bold steps in trying out new ways of doing things. Someone who will give feedback that helps them find effective ways to approach situations and challenges, and someone who will allow room for mistakes and celebrate successes.
Opportunities for growth – encouragement to explore new ideas, to talk through challenges, to help find solutions, and to continue to learn.
Leadership development – training, experience, and coaching in developing leadership skills.
Meaningful and purposeful work – opportunities to see how what they do relates to their own values, and to the company’s values; to make a difference in the world in some way; and to be excited to come to work everyday because they find purpose in what they’re doing, and because there is work-life balance.
When you were in your 20s and 30s did you want these four things? And, don’t you still want it today? For yourself, your children and your family?
Workplace leaders may need some retraining, some help in learning to coach rather than dictate. Want to increase your profits? Reduce your hiring expenses and invest in your future by changing your leadership tactics. Keep the great young people you are hiring by meeting their needs and growing them within the company.
Not sure how or what to change as a leader? At Maximize Your Leadership we help create dynamic leaders who build high-performing teams. We work with leaders at all levels to positively impact them and their company. If you would like to schedule a Young Professionals Leadership Training for your organization, contact Joy Humbarger at Joy@MaximizeYourLeadership.com.