5 Things You Can Do To Keep Young Employees Longer – Thrive Global

Millennials, the largest population in the current workforce switch jobs twice as much as other employees over the past twenty years (LinkedIn). These go-getters are changing jobs seeking a faster pace of career growth, a compatible work environment, and higher pay. Some say that employers should get used to this idea. However, the reality of the situation is that the constant search for new employees can be exhausting and paralyze the growth of a business. Therefore, finding ways to keep these young, talented
employees around can be a worthwhile effort.

Positive Work Culture

The young employees of today crave more than the cordial relationships that the traditional 9-5 workday can offer. Millennials want to work in an environment where everyone is working together for a higher purpose and the big picture in mind. They desire strong connections with their co-workers and even friendships that will help develop them as a professional and an individual.

In order to appeal to young employees, businesses and employers must create an environment where everyone is respected and celebrated to foster those desired relationships.

Flexible Work Schedule

For young employees, especially, a healthy work/life
balance is a requirement for job satisfaction. They want a job that they can
take with them wherever they need or want to go.

As mentioned before, millennials desire strong
relationships with others, which includes relationships with their friends and
family as well. By providing a flexible work opportunity where employees can
work from a remote vacation location, or from home if need be, employers offer the
opportunity for employees to not become overwhelmed by work, and therefore a
higher job satisfaction.

Professional Development

When frequently switching jobs, one thing that
millennials and young employees are searching for is the opportunity to learn
more about their professional field. They continuously crave more knowledge,
the opportunity to better themselves, and the opportunity to develop expertise.
 Therefore, offering opportunities for
professional development such as seminars, conferences, and even mentorship
programs will help to make your workplace more appealing to young professionals.

Frequent Employee Reviews

An essential aspect of professional development is the
ability to receive evaluation and to improve based on it. Young professionals
are eager to receive feedback from their employers and likewise desire the
opportunity to provide recommendations as well. By developing a process for
frequent communication, employers can meet these needs.

Opportunities for Financial Gain

Of course, not everyone changes jobs for money, but it
doesn’t hurt. Young professionals have a better chance of getting a raise by changing
jobs than by staying with an employer for a long period of time. The
traditional annual review and small salary increase are not enough to satisfy
the financial needs of these talented young professionals. If a business is
able, offering the opportunity for semi-annual raises, additional bonuses, or
individual project contracts is valuable and appealing.

One thing to remember is that young professionals
aren’t afraid of work. They will invest passionately in a job if the company
invests in them.

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