What Millennials Want | Keeping Fresh Talent On Your Team

Generation Y

By 2020 millennials will make up 50% of the workforce, and 75% of the workforce by 2030. In line with these forecasts, in 2011 the millennial generation accounted for 29% of the population. Ever increasing, this population is the largest generational cohort since the Baby Boomers. Best known for their flexibility, technological competency, innovative nature and fresh perspective, millennials offer employers across all industries the opportunity to gain a competitive advantage.

While employers may be successful in attracting this generation’s Top Talent, there is evidence that they are struggling to retain it. Today, 91% of millennials expect to stay at their job for less than three years and 70% will leave their first position within two years. With a millennial tendency to job hop, employers are at risk of facing high turnover costs [see “The Real Cost of Hire” ] in the future if they do not take the initiative to truly understand this generation’s needs. The following are three of the most popular demands of the millennial generation. To continue reading this post click here.

[ Written for The Personnel Department]

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The Importance of People in Organizations

People in organizationsPicture an organization of any kind, be it a small non-profit organization run by five team members or a large multinational corporation with thousands of employees; now take away the people. What do you have left? Not a whole lot.

You may have envisioned the organization’s physical resources as what was left behind such as empty buildings and quiet offices, or its financial resources like the money behind the business, but no matter how great an organization’s physical or financial resources, or how successful its product or service, it is clear that no organization can thrive without its foundation and its blood – its people. Continue reading