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Published June 2009
Further, most organizations are not properly aligning their internal talent strategies to attract Millennials, though Millennials are entering the workforce in increasing numbers. Their population already is greater than most employers perceive it to be.
Mind the Gaps
There is a significant perception gap between employers and Millennials. Whereas 92 percent of employers said Millennials are just as good as or better than non-Millennials at attaining their sales goals, only 79 percent of Millennials think their sales performance is as good as or better than that of other employees.
An even larger gap exists regarding how willing Millennials are to work long hours. Although 47 percent of employers reported Millennials are below average in this area, only 15 percent of Millennials agreed.
Perceptions about turnover also differ: 63 percent of employers think turnover is the same for Millennials and non-Millennials, but nearly 80 percent of Millennials indicated turnover in the generation is higher than for others in sales organizations. Interestingly, almost half of employers and nearly 90 percent of Millennials believe Millennials are more likely than other generations to change jobs.
Why do Millennials leave? While ambition was the top reason they mentioned, most employers cited a lack of advancement opportunities and loyalty.
Communication between employers and Millennials clearly is a problem. A large majority of employers reported doing nothing new to reach Millennials who are being recruited or are currently employed. For example, while all Millennials use text messaging, relatively few employers text with their employees. And Millennials don't pay as much attention to traditional corporate communications tools as older staff do. Employers need to adopt new technologies if they want effectively to reach the Millennials in their midst.