As more and more millennials enter the workforce, a lot of companies are discovering that their old managerial methods are no longer effective and that they need to adapt their methods to the ways that the millennial generation conducts themselves. While experts can’t be sure exactly why this is happening, it is likely due to the surge of technology and the extremely competitive job market. That being said, companies are finding that the most effective way to retain and keep millennials is the seeking out restructuring consulting for their businesses.
According to statistics, 57% of companies see employee retention as an issue. This is because 22% of newly hired individuals leaving their position within only 45 days, and this is often a result of poor performance or poor temperament issues.
Luckily, studies show that undergoing a structured on-boarding program get hires that are 58% more likely to stay for at least three years. So how do you get millennials to stay? Here are some tips to help the young hires found by
talent acquisition management to thrive and stay with your company:

Create a pleasant work environment.
Millennials have an understanding of what matters to them. Unlike their baby boomer parents, they are hesitant to put themselves in industries and work environments with undesirable settings. That being said, create a comfortable environment that ultimately boosts employee morale.

Create Meaning and Purpose
Above all, millennials want to have meaning when it comes to the job they do. While helping others, they want to help and satisfy themselves. If not, they may not fully commit to the position at hand. Helping them to understand the value of their work will get them far with you company.

Communication
The internet has fostered a community that actively voices their ideas and opinions. This generation has a knack for open communication — and your company should follow suit.

Now that you know the keys to working with millennials, you can rest easy, knowing your talent acquisition management service is bringing the right employees into your company. More on this.