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Attracting Millennials to Your Company

An overview to the characteristics of Millennials and what drives them in the workplace. Hiring today's college students has changed the recruiting process for many managers!

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Attracting Millennials to Your Company

  1. 1. Attract, Develop, and Retain Millennials in Your Company Mesa Business Education Alliance December 4, 2015 Preston D. Cameron
  2. 2. 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 Generation
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  4. 4. 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.
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  6. 6. 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.
  7. 7. Characteristics of Millennials  Negative Side Lazy, Narcissistic, Prone to change jobs Rewarded for participation, Unrealistic expectations  Positive Side More open-minded More supportive of gay rights / equal rights Confident, self-expressive, liberal Upbeat & receptive to new ideas
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  9. 9. 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?
  10. 10. Hiring Criteria for Millennials
  11. 11. 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
  12. 12. Hiring Criteria for Millennials
  13. 13. Hiring Criteria for Millennials
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  16. 16. 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
  17. 17. Business Needs to show Millennials  Half of them feel their organizations could do more to develop future leaders  Most Millennials report that their current employer does not encourage creative thinking  Management 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
  18. 18. Conclusions
  19. 19. For More Information Preston D. Cameron Faculty, General Business Program Director Department of Business & Information Systems Mesa Community College