3 Ways to Retain Your Younger Talent in the Long-term

In a previous column, I wrote about how to change your recruitment strategies to attract the next generation of talent, i.e. millennials. So I assume that since then, you have heeded my advice and hired a powerhouse group of millennials (we run on a tight schedule here). However, your next challenge lies in keeping your millennial talent. Millennials are infamously associated with job-hopping, and not just because of a bad stereotype. According to a 2019 Gallup Report, 21% of millennials said they’ve changed jobs in the past year, which is more than three times higher than non-millennials. So what does that mean to your business? Your millennial workforce may not see a future for themselves at their current job. Why Some Millennials Won’t Stay Put For you boomers out there, our job-hopping tendencies tend to make us look money-hungry and disloyal to any company, which I understand. Even here at Thomas, a large portion of our senior-level employees have been with the company for many years, working their way through the ranks and building a successful career for themselves. They may not understand why their younger colleagues don’t always see as much value in long-term dedication to a single employer.