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Recognize the challenges Embrace the differences

Secrets to retai n i ng

Millennials

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MillennialsOffer a fresh, challengi ng perspective

The secret lies in how HR can embrace, prepare

and retain this dynamic generation

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Millennial Wishes• To do more• Solve meaningful things• Don’t limit me because I’m young• Freedom to experiment and take risks• More technology

HR Millennial Worries• Expect fast growth without preparation• Retention if bored or slow advancement• Low loyalty = lost training investment• No team perspective

challengeChallen ge Wish es vs. Worri es

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perceptionsA Deeper Look at Perceptions

0 5 10 15 20

Not hiring Millennials

0 - 10%

10 - 20%

20 - 30%

30 - 40%

40 - 50%

50 - 60%

60 - 70%

70 - 80%

80 - 90%

90 - 100%

Don’t Know

What percentage of your company hires are members of the Millennial generation?

SilkRoad 2015 survey on Millennials

Responses from 111 HR professionals

5 top five

Su rvey Top 5 Perceptions

Want a flexible work environment

Have an unrealistic sense of

entitlement regarding their value to the

company

Want to work for a company that has an

innovative culture

Expect rapid advancement

Expect a workplace that’s equipped with

the most current technology

1

2

3

4

5

Question:When I think of

Millennials, I believe that they:

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Su rvey Says Reality Gap

Rapid Advancement/Opportunities for Professional Growth

Flexible Work Environment/Flexible Work Schedule

Valued by Millennials Offered by Companies

What HR Says Millennials Want vs. What Companies Offer

gap0%

10%

20%

30%

40%

50%

60%

70%

80%

7 top five

Su rvey-Attracti ng M i llen n ials

Campus recruiting

and outreach activities

Recognition (posting promotions,

accomplishments and kudos)

Flexible work schedules

Mentoring programs

Get-togethers

to encourage connections

Top 5 practices

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attracting0 10 20 30 40 50

Su rvey Attracti ng M i llen n ials

Mobile applications (onboarding, online learning, employee self service etc.)

Hand-held devices for workers (tablets, mobile phones, laptops)

Social media technology to foster internal communication

Gamification systems to encourage motivation

None

Online rewards and recognition systems

Performance software that provides rapid, up-to-the-minute feedback

An attractive recruitment web portal

What technologies has your company implemented?

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Su rvey Reveals

• Difficulties balancing Millennial expectations and how companies work

• Gaps in Millennial “wants” vs. what’s offered except in technology, which is expanding

revealsTh e 5 secrets to retai n i n g M i llen n ials h elp you close th ese gaps

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Secret #1 M entor i n a N ew Way

Find flexible mentors who can:

mentors• Make

connections— role to company goals

• Manage aggressive expectations

• Provide realistic but hopeful advice

• Embrace new ideas

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Secret #2 Con n ect Trai n i ng Dots

Build a mutual understanding

of value

connect

Set expectations—

growth over timeLink training to advancement

Ask for ideasEngage using technology

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Secret #3 More Tech nologyEmbrace

technology

• Show off what you use• Request ideas• Think mobile first

embr

ace

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engagement Create a sense of belonging

• Provide meaningful recognition

• Connect day-to-day activities with company goals

• Set up multi-generational teams

Secret #4 Greater Engagem ent

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MillennialsAssess how your Millennial

programs stack up

• True flexibility or lip-service?

• Mentor program that embraces new ideas?

• Technology use for key programs?

• Culture of innovation or status quo?

Secret #5 Ch eck out th e Com petition

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MillennialsM i llen n ials n eed a di fferent approach

Recognize the challengesEmbrace the differencesAttract and retain through the 5 secrets

The Candidates Dish About Your Hiring Process

Create an Awesome Employment Brand for Millennials

For more Millennial tips check out: