As the unemployment rate goes down, many employers find it hard to attract and retain engaged employees. What worked when unemployment was high is no longer effective. Additionally, this millennial workforce has different values than previous workforce generations. These tips about retention will go a long way to reduce turnover and its associated costs.
Source: Forbes Community Voice, January 16, 2018.
I can confidently say that the most important thing organizations must do to retain millennials is to assimilate them strategically and early. First impressions matter a great deal and new millennial hires aren’t likely to give a company a second chance if they don’t like what they experience initially.
INSIGHTS: I have long felt the Golden Rule was antiquated. After all, treating someone the way YOU wish to be treated is selfish and self-centered. Consider the Platinum Rule of treating people the way THEY wish to be treated.