How to Resist the Millennial Jump
Today’s workforce is seeing unprecedented levels of turnover. While Generation X valued company loyalty, millennials typically stay at their jobs for an average of 2 years. This change in mentality makes it especially important to apply strategies that keep employees on the payroll.
- Show your appreciation!
No one is talking about generic gift baskets or thank you notes! Get to know your employees on a personal level. Sharing your positive opinion about their motivation, recent work or dedication is a great way of showing gratitude.
2) Assign whole projects
Because, let’s face it, doing bits and pieces of projects without knowing what’s going on in the grand scheme of things is hardly rewarding. Restructuring your company so that each team completes a project from start to finish brings a great sense of satisfaction and builds a strong workplace community.
3) Provide learning opportunities
Whether it’s a 3 day conference in Europe or an in-house talk about ground breaking research in the field, it’s nice to know that the work you do everyday does not happen in a vacuum. Showing that your company wants to refresh employees’ skills provides motivation when things become routine.
4) Great leadership
A huge part of progressive work culture is leveling the playing field. But the reality is that there will be times when you’ll need to play boss. Finding a balance of equal footing between manager and employee is challenging, but the payoff is more than worth the effort.
5) Opportunities for advancement
One factor of high turnover is that there will often be positions available. Turn these empty positions into promotions for star employees. If you don’t have higher level vacancies, try training a deserving employee in a specific skill and create a new position!