Are your youngest employees jumping ship too soon?
Employees in their 20s are notorious job hoppers. And companies are losing billions on their training investments in the millennial generation. So how can you end the turnover?
Start by bumping up the "cool factor" in your organization. Read on to find out how.
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Keep millennials from
walking out the door
The Challenge: Cut the high cost of turnover in your Gen Y workforce
According to the Urban Dictionary, "Millennials, otherwise known as Generation Y, are people born between the years of 1980 and 1995." They're extremely tech-savvy. They live on Facebook and other social media. And they get bored very easily.
The 60 Second Solution:
Dr. Jan Farri-Reed, co-author of Keeping the Millennials: Why companies are losing billions in turnover to this generation and what to do about it, has identified 10 "cool" factors that are essential for attracting and retaining top talent--especially young talent.
Does your company have these cool factors?
Click here for an example of how Heartland Restaurants has embraced the "cool factor" and is attracting and retaining top young talent.
- Fun work environment with social networking
- Creative communications
- Feedback and recognition systems
- State-of-the-art technology
- Creative perks
- Corporate values
- Redesigned cubical workspace
- Workspace flexibility
- Competitive compensation and benefits packages
- Career development opportunities