Attracting Millennials to Your Company

Attract, Develop, and Retain Millennials in Your Company

Mesa Business Education AllianceDecember 4, 2015

Preston D. Cameron

Definition of Millennials1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025

TBD?

Millenials

Generation Y

Generation X

Baby Boomers

Greatest Generationhttp://www.livescience.com/38061-millennials-generation-y.html

https://onlinemba.unc.edu/blog/geny-in-the-workplace/

Millennials As College Students The Soviet Union has never

existed They have only known 2 US

Presidents The stained blue dress is

meaningless Google has always been a verb Disneyland has always been in

Europe and Asia. Professional athletes have always

competed in the Olympics.

Wal-Mart has always been a larger retailer than Sears and has always employed more workers than GM.

Tiananmen Square is a 2008 Olympics venue, not the scene of a massacre.

They never saw Johnny Carson live on television.

GPS satellite navigation systems have always been available.

a.


Millennials As Employees Will be the largest generation in

the workforce in 2015 A group that’s adaptable,

entrepreneurial, team-oriented, and super creative

Looking for employers that embrace these characteristics rather than stifle them behind a desk or in a cubical

53 percent of the 200 hiring managers surveyed said it is difficult to find and retain millennials

Nearly seven out of 10 (68%) hiring managers say millennials have skills prior generations do not.

Extremely tech savvy, on-the-go multitasking generation, prone to getting more accomplished in an average workday

60 percent of hiring managers agree that Millennials are quick learners

a.

Characteristics of MillennialsNegative SideLazy, Narcissistic, Prone to change jobs Rewarded for participation, Unrealistic expectations

Positive SideMore open-mindedMore supportive of gay rights / equal rightsConfident, self-expressive, liberalUpbeat & receptive to new ideas


The New Hiring Criteria

Can You Do This Job?Will You Fit In Here?Will You Cause Me (the Organization)

Trouble?Do You Have A Network I Can Pilfer?

Hiring Criteria for Millennials


What Millennials Want In A Job They prioritize meaningful work over pay 65 percent of them said personal development was the

most influential factor in their current job Millennials are invested in companies that are invested in

them. they often seek out advice from their mentors and superiors 80 percent of millennials want that feedback in real-time







Business Needs to show Millennials 78 percent reported that innovation within an

organization has influenced them in their job searches

70 percent say they see themselves working independently and digitally at some point in their careers

One in four Millennials are asking for a chance to demonstrate their leadership skills

7,800 Millennials in 26 countries http://www.inc.com/lydia-belanger/to-attract-and-keep-millennials-meet-their-demands.html

Business Needs to show MillennialsHalf of them feel their organizations could do more

to develop future leadersMost Millennials report that their current employer

does not encourage creative thinkingManagement attitude (63 percent), operational

structures and procedures (61 percent) and employee skills, attitudes and diversity (39 percent) as impediments to innovation

7,800 Millennials in 26 countries http://www.inc.com/lydia-belanger/to-attract-and-keep-millennials-meet-their-demands.html


Conclusions

For More InformationPreston D. Cameron

Faculty, General Business Program DirectorDepartment of Business & Information Systems

Mesa Community College