10 best practices to retain millennials

10 best practices retain millennials

10 best practices retain millennials can be applied easily and favorable results will be seen quickly.

10 best practices retain millennials
10 best practices retain millennials
  1. Implement a mentoring programs – utilize social media to communicate frequently followed up with face to face time.
  2. Rotate work assignments to provide millennials with a broader range of exposure to the enterprise what is in store for them in the future
  3. Provide millennials with a flexible feed-back loop process so you know what their state of mind is. Minimize the chances for “unhappy” employees
  4. Give them time to develop their skills and career opportunities
  5. Encourage on-going education but technical and managerial.
  6. Define clear and achievable performance metrics so both you and they know what is expected
  7. Minimize stress and provide training to millennials on how to deal with stress.
  8. Balance work and personal time. Avoid situations where the 50-hour week is the norm
  9. Implement an open door policy and have managers, even the CIO, interact with all levels of employees. Manage by walking around and getting a feel for how everyone is doing.
  10. Provide opportunities for millennials to provide ideas and when one is implemented sound the praises of the employee.

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Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, a Graduate School at Harvard University, been a guest lecturer at the UCLA's Anderson School of Business and several other universities in various programs.Prior to Janco, he was a Vice President at Index Systems and found PSR, Inc. and internationally recognized consulting practice.