Millennials are an important and valuable part of the workforce; in fact, they’re taking over the workplace. Based on data from Pew Research Center, more than one-in-three American workers are Millennials, and in 2015 they surpassed Generation X to become the largest segment of the American workforce.
Since Millennials have different attitudes towards work, as we discuss below, the challenge for companies and hiring professionals is how to attract and retain them. Monetary compensation and other expensive benefits aren’t necessarily the answer, but opportunities for growth, purpose-building and more could be.
Use these five tips to attract Millennials to your company and retain the ones you have.