Despite the criticality of Millennials to every company’s labor strategy, evidence indicates most still don’t know what it takes to attract and engage this generation. Of Millennials with the highest levels of education and professional focus, half say they will be looking for a new job within the current year and over 90% expect to leave their current employer within 3 years.
The risks associated with this are significant: lost productivity, lost knowledge, and lost leadership potential. There are financial implications as well in the form of additional recruitment, training and onboarding costs.
The struggle to attract and retain Millennial talent is not surprising given the proliferation of readily available yet contradictory information on what it takes to engage this generation.
Source : Cushman & Wakefield