For businesses to thrive in today's economy, finding and retaining the best talent is critically important. This is particularly true for small businesses competing on a global scale. Frequent employee turnover has a dire effect on a company's morale, finances (often measured at 6-9 months salary) and most importantly, it slows the company down. But is long-term employment even viable in this job market?
Millennials are particularly sensitive to recognition, as only 40 per cent of millennials are happy with the rewards and recognition their company offers. The same survey found that while 50 per cent of millennial employees crave recognition, just 32 per cent say their company offers a recognition program.
Has your workplace seen an influx of millennials in recent years? If not, chances are you will in the near future. A mix of generations in the modern workplace often leads to a shift in the way that employees prefer to learn, resulting in a need to address different learning styles and varying preferences for consuming media.
Technology is not a nice-to-have for the millennial generation; it's a deal breaker. And considering that by 2030 75 per cent of the workforce will be millennials, it's something to take seriously. Millennials' technology expectations, coupled by their social media, mobile computing and app usage, are spreading into the workplace.
In interviews conducted by DPRA with Northern professionals, there were four key issues that were common to all situations: housing, access to training and development opportunities, limited access to services (in smaller communities), and social and lifestyle issues. What are some practical solutions for government employers?
Bill Clinton at the DNC said what white- and blue-collar workers have known for 30 years: you need to invest in people to have an innovative and productive economy. My coach, used to say "you get corn, if you plant corn." Neither in government nor in business have we been planting corn. We quit planting it almost 30 years ago when we got rid of middle management in government and the private sector, and as the economy reveals, we are losing.