Dive Brief:
- For 2016 employee attraction and retention trends, millennials matter, according to Employee Benefits News.
- But many younger workers don’t yet have the skills or inclination to take on managerial roles vacated by baby boomers who are exiting the workforce in increasing numbers, according to EBN.
- On the flip side, a recent survey conducted by the professional staffing company Addison Group revealed that millennials in particular are inclined to be open to new opportunities, with 44% reporting they keep their résumés current at all times.
Dive Insight:
The article outlines the top three 2016 recruiting and retention trends, in the view of Laura Sejen, managing director and leader of Towers Watson’s global rewards practice. One: Employers should understand that "finding, keeping and motivating the employees" they crave will continue to be a challenge because as unemployment rates fall, new job creation rises.
Two: Resources are limited, so employers can’t be all things to all employees. That trend means looking at increased workforce segmentation and identifying critical-skills jobs or high-potential employees and treating them differently.
And three: Employers need to view employees as consumers when creating total rewards packages, and look for enhancements and refinements within that strategy.
“I think the thing companies are grappling with is what exactly the difference is between millennials and anybody else in terms of what it takes to get them in the door in the first place and then keep them in the building,” Sejen told EBN.
