5 ways to increase retention in a millennial workforce
Millennials are the largest generation in the workforce today. It’s also a workforce that has developed quite the notoriety – being far more conscious about the nature of their job than your typical Gen-X or Baby Boomer. High turnover rates are common among millennial employees, with few sticking with the same job for more than a couple of years. In fact, most of them are prone to job hop until they finally land a position that fulfils their long checklist of desires, and these lists can be ‘really’ long and detailed. Essentially, raises, promotions and other traditional reward schemes alone are simply not enough to retain millennials. Therefore, it’s important to understand and employ effective retention strategies in order to…