With 42 percent of millennials expecting to change jobs in the next one to three years, finding ways to recruit and retain top talent for this generation is a hot topic. The cost of millennial turnover to the U.S. economy is estimated at more than $30 billion a year. Finding new ways to engage this generation to stay put – at least for a little while longer – will be increasingly important as millenials, 50-billion strong and growing, overtook boomers last year as the largest share of the workforce.
To appeal to them, we have to focus on what they care about and have open conversations about goals and expectations. Spark works with companies to ensure messaging and initiatives speak to job candidates, new-hires and developing leaders of multiple generations. Click here to read some stats about factors that can help retain millennials.