There are often misconceptions about what millennial workers value in a job and in a company. In actuality, they’re often looking for many of the same things that Gen Xers and baby boomers want — good pay, career opportunities, and the right tools to do their jobs. If you’re looking to recruit (and retain) top millennial talent, here are 6 things those individuals will be looking for:
- Competitive pay.
- Philanthropy/service opportunities.
- Good technology.
- Advancement opportunities.
Unlike generations past, most knowledge workers today have the ability to work from anywhere. Today’s gig economy allows for more contract and freelance work, which many millennials find appealing. To compete for top talent, employers need to offer a flexible work-life balance.
Despite what you may have heard about millennials being satisfied with ping pong tables and free snacks, they actually do want to be paid a decent wage. Even young adults have bills to pay, and many are coming out of college with massive student loan debt. And millennial women demand equal pay for equal work; if you don’t pay them as much as their male counterparts, they’ll find someone who will.
Millennials in particular want to work for an organization that makes a difference in the world, and want to feel that their jobs mean something. Providing workers with opportunities to serve their communities is a huge selling point for recruiters. There’s a reason Marc Benioff is one of the top-rated CEOs on Glassdoor; Salesforce’s 1-1-1 philanthropy model is very important to their thousands of millennial workers.
This need applies to every worker (millennial or not), but millennials in particular have grown up with technology and expect a similar experience at work to what they are used to in their everyday lives — one that’s fast, integrated, and mobile. Workers who are provided with the best enterprise tools will be more engaged, productive, and satisfied with their jobs.
Yes, millennials want to have fun at work. Who doesn’t? (After all, all work and no play makes Jack a dull boy.) So give your employees something to get excited about now and then. Whether it’s a catered lunch, after-hours get-together, or a March Madness bracket challenge, anything to break up the work week and encourage employee camaraderie is always a good idea.
If you want to attract bright, ambitious young talent, you must be able to provide them a path to advancement. Most millennials don’t want to work an entry-level job forever, and those who have already been in the workforce for a while have gained the experience to take their careers to the next level — whether that be with your organization, or someone else’s.