6 Things Companies Need To Know About Millennial Talent Essay Example

high-achievers with drive and potential to advance quickly, despite potential frustration with the corporate ladder. Additionally, offering competitive perks beyond traditional salary options can appeal to millennials who reject conventional office jobs and cubicles. #2

As a company, we are located in two vibrant communities, Irvine, CA and Miami, FL. We see this as a valuable opportunity for our employees to develop a career on both coasts, building strong professional relationships and promoting collaboration. Additionally, we have found that offering team trips and performance-based vacations not only attracts new talent but also retains current employees. These benefits are widely implemented by many companies, including Network Capital, because they have proven to be successful.

When evaluating their choices, millennials consider factors such as gym access, cell phone plans, travel allowances, loan payback programs, educational support, healthcare incentives, and opportunities for worldwide work and travel.

#3 Understand the Brain of a Millennial

According to Nguyen, more than 70% of their workforce consists of millennials, and they have discovered that their corporate culture, management methods, and recruitment and retention strategy naturally entice the millennial mindset. Consequently, they are able to employ the brightest young talents. A recent study revealed that 80% of millennials recognize training as important to their professional development within an organization.

Nguyen stresses the importance of ongoing education for employee growth and success, indicating that initial training alone is insufficient. Millennials require innovative methods to fuel their drive and ambition, crucial for their development. One effective strategy for managing this demographic is adopting a responsive management style which values corporate transparency, rapid development, career growth opportunities, and constant feedback. Employees seek connection with the company's progress

as well as the ability to determine if they wish to remain in it. Establishing a transparent management approach helps attract and retain millennials in the long run.

#4 Responsive Management Style

According to a recent survey, 40% of millennials are worried that their jobs will be taken over by robots or outsourced. To address this concern, manager Nguyen emphasizes the importance of making all employees feel valued and secure in their positions. Additionally, millennials have shown a strong interest in community engagement and corporate responsibility. Achieve, a consulting firm, found that 47% of their sample had volunteered for a cause in the past month. To foster this engagement, it is important to encourage community involvement and support employee participation in volunteerism.

Our commitment to giving back is integral to who we are. Each month, we launch a new #NetCapGivesBack campaign centered on a different charitable cause. Our employees take pride in participating, whether it be through beach clean-ups, school supply donations, cancer fundraising, or supporting animal shelters. It provides us with an opportunity to make valuable contributions to our community.

#6 Dynamic Culture

As the way we work continues to evolve, companies are not only innovating their products and services but also their work environments. Telecommuting culture has been largely influenced by millennials. Therefore, it is advantageous for brands to adapt their workplaces to meet these evolving expectations.

Nguyen cautions that while meeting work goals and deadlines is important, the physical location of a job may not be crucial. However, he advises against excessive perks such as keg rooms, ping pong tables, massage rooms and Nerf Gun fights in the office. Every managerial decision made should align

with the company's mission and maintain its integrity. Instead of trying to emulate tech giants like Apple or Google, businesses should strive to connect with millennials on their level through organic innovation.