Despite being the most educated crowd, Gen Y gets a bad rap when it comes to work. They’re notorious for job hopping and have a “what’s keeping me at this job” mentality. So how can companies retain these top talents? Hook them with perks that they just can’t step away from.
79% surveyed stated they were either actively seeking or were open to new opportunities
A mere 23% say they are satisfied with their current career
Millennials are departing their employers every 2.3 years
With this generation taking up 75% of the workforce in 2025, companies really need to amp up their retention game to avoid becoming a revolving door. Consider these changes you can make in your organization to create an irresistible company for millennials.
Save the world to save Gen Y: There’s a surprising link between volunteerism and millennial work satisfaction. Unlike previous generations, this young crowd doesn’t see work as a means for living. It’s a sense of fulfillment. So provide them a chance to develop professionally and make a difference through volunteerism.
Put the world in their hands: Be flexible with these youngins. They don’t want to be stifled behind their desk or a regular 9-to-5 job. Let them work from anywhere, anytime—give them your trust because they’ll still get everything done on time.
Keep them connected: Also known as the “digital natives,” millennials are used to having instant access to information. Put away the wired phones and file cabinets. Give them instant messaging and cloud-based storage, and watch the creative collaboration flourish.
Give them a study buddy: Despite their rebellious reputation,75% of Gen Y would like to have a mentor. Not only will this benefit older generations, it indulges millennials’ craving for collaboration.
Gen Y isn’t attracted to paychecks or ping-pong tables—they’re drawn to simple perks that a company is willing to offer. Show them that you’re interested in their career and willing to accommodate their work style, and they’ll keep both feet in your organization’s doors.