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<p>Struggling to Hire Millennials? Here’s How To Get Them Onboard
October 13, 2015 -
More than one-in-three American workers today are Millennials (adults ages 18 to 34 in 2015) and this year they
surpassed Generation X to become the largest share of the American workforce, according to Pew Research
Center analysis of U.S. Census Bureau data.
This milestone occurred in the first quarter of this year, as the 53.5 million-strong Millennial workforce has risen
rapidly. The Millennial labor force had just last year surpassed that of the Baby Boom, which has declined as
Boomers retire.
With its disproportionately large share of immigrants, and at an age of transition from college to the working world,
the Millennial generation’s workforce is highly likely to grow even further in the near future.
Recent figures released by on-demand talent provider Findly concluded that Millennials are poised to make up 75
percent of the global workforce by 2020.
“Given the size of this generation, there is a growing focus on recruiting and nurturing Millennial talent,” said Scott
A. Scanlon, founding chairman of Hunt Scanlon Media based in Greenwich, Conn. “The problem is many
companies continue to struggle with this demographic group,” said Mr. Scanlon.
So what’s the best way to attract this hugely important faction of the best and the brightest to your company?
Studies have shown that Millennials are good team players, ambitious, they seek constant appraisal, and they
look for fast promotions. That means they are likely to develop into job-hoppers, which is frustrating to companies
that hire them.
“Low retention rates also mean more expense in replacing them once they exit the doors,” said Mr. Scanlon.
“Nevertheless, they represent the future. Companies must therefore step up to discover how to attract, recruit and
retain this important human capital asset.”
Findly’s study, “Recruiting Millennials: 21st Century Advice for Recruiting This 21st Century Generation,” outlines
best practices that companies can i