Class of 2014: How to recruit, retain and engage the future workforce
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Now in its fifth year, the Class of 2014 study from Achievers and ConnectEDU provides an in-depth view into what recent grads expect in the workplace. Don’t miss the opportunity to understand the Millennial perspective in order to attract, retain, and inspire tomorrow’s top talent.
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Class of 2014: How to recruit, retain and engage the future workforce
- 1. Join the Conversation #A_Chat Razor Suleman Founder & Chief Achiever Class of 2014: How to recruit, retain and engage the future workforce
- 2. Join the Conversation #A_Chat Join The Conversation #A_CHAT
- 4. Join the Conversation #A_Chat Agenda 1. Millennials’ great expectations 2. Attracting tomorrow’s leaders 3. Recognizing the new workforce 4. Engaging & retaining Millennials
- 5. Join the Conversation #A_Chat Who is the Class of 2014? What can we learn about this generation that will help employers better recruit, retain, and engage top talent? Survey Methodology: • Over 15,300 university juniors and seniors responded to the survey nationally • Responses from: - ALL states - 49% private university, 40% public university, 12% tech / community college - 42% female, 36% male, 22% rather not say
- 6. Join the Conversation #A_Chat
- 7. Join the Conversation #A_Chat 1. By 2018, >50% of the workforce will be Millennials 2. 58% would accept a 15% pay cut if it meant working for a company with a great culture & values 3. 40% want to serve in a leadership capacity Who are the Millennials?
- 8. Join the Conversation #A_Chat Millennials great expectations
- 9. Join the Conversation #A_Chat How do you feel about your job prospects upon graduation? 43% 36% 29% 31% 16% 19% 6% 5% 5% 9%
- 10. Join the Conversation #A_Chat How many years do you expect to stay at your next full time job? 45% 43% 27% 27% 21% 16% 5% 11% 2.8% 3.0%
- 11. Join the Conversation #A_Chat Attracting tomorrow’s leaders
- 12. Join the Conversation #A_Chat Where do you anticipate searching for your post-college job?
- 13. VS
- 14. Join the Conversation #A_Chat Action item: Build your brand • Recognizable, reliable, and desirable • Maintain a presence on college campuses • Target specific universities
- 15. Join the Conversation #A_Chat Action item: Social recruiting strategy • College-focused and up to date career content • Utilize social networks • Glassdoor: Treat candidates like customers
- 17. Join the Conversation #A_Chat Recognizing the new workforce
- 18. Join the Conversation #A_Chat What frequency of recognition/feedback do you expect from your manager? 71% 79% 31% 38% 30% 37% 1% 1%
- 20. Join the Conversation #A_Chat Impacting engagement with recognition
- 21. Join the Conversation #A_Chat Action item: Immediate & open feedback
- 22. Join the Conversation #A_Chat
- 23. Join the Conversation #A_Chat Engaging and retaining Millennials
- 24. Join the Conversation #A_Chat When deciding where to work, what is most important to you? (weighted rank out of 13)
- 25. Join the Conversation #A_Chat Action Item: Give Opportunities to Contribute • Drives engagement • Fosters innovation • Gives a sense of ownership • Mastery, Autonomy, Purpose Red Tree Learning & Development, 2012 Half of Millennials Would rather have no job than have a job they hate
- 26. Join the Conversation #A_Chat Maslow’s Hierarchy of Needs Salary & Rewards Job Security Culture & Values Recognition Success Physiological Safety / Security Social / Belonging Self Esteem Self Actualization
- 27. Join the Conversation #A_Chat Action item: Outline career paths • Salary alone won’t retain Millennials • Illustrate opportunity for career growth • Set benchmarks
- 28. Join the Conversation #A_Chat Rank the factors that will impact your engagement positively in the workplace.
- 29. Join the Conversation #A_Chat Recap - The future of the workforce • Attract tomorrow’s leaders • Recognize & provide consistent feedback • Create an environment to engage & retain • Engagement inspires performance Creating a desirable workplace is not just for the Class of 2014
- 30. Join the Conversation #A_Chat Complimentary related assets
- 31. Join the Conversation #A_Chat Connect With Us @achievers facebook.com/achieverscommunity linkedin.com/company/achievers gplus.to/achieversgoogle achievers.com/subscribe slideshare.net/Achievers
- 32. Join the Conversation #A_Chat Questions?