Keeping the millenial talent intact

Keeping the millennial talent intact..!
With today’s organisations most of the people in there belong to the age group of 25-35 and they are the millennia’s. Their talent, skills and requirement are very different from the generation of baby boomers. Organisations today need to support a dual talent pool, one being the Gen-X the other being the Gen-Y and this is making it tougher for them trying to hold the vast talent pool because of the different needs of the Gen-Y.

 
Gen-Y wants challenging work, if they are not satisfied they are ready to move on to newer arenas which intensify their challenges and have better growth prospects. A fire, a desire to achieve and be different is what keeps them motivated. As far as compensation is talked about as against popular beliefs cash is still the most preferred option for most of them. However these youngsters prefer flexible work hours wherein they are ready to face the project demands and challenges without being stuck up to the normal 9-5 routine. Leading companies today are changing their schedules to accommodate to the changing workforce. Employees today want to be evaluated and appreciated both in terms of fast advancements and new challenges.

 
With the changing needs in mind what are the new plans HR’s are looking into so as to bind their workforce. Companies today are increasing their social visibility to attract the socially glued up youngsters. Many companies are posting videos wherein the employees of the company share their experience in the company and the wonderful work environment. Some of them are posting videos of the luxurious interiors and the welfare facilities, such as gaming zones, spa, gymnasium and other recreational facility given by the company are shown. Compensation which is more lucrative and works that is more demanding. Companies would only survive if they understand the needs of this generation and so the HR function needs to strategize and change the way it attracts and retains its talent with doing things that are more attractive to this generation and also respects the sentiments and needs of the Gen-X.

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