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With the current boom in the job market, it’s easy to find candidates that are qualified for your open positions. Finding the right people can be a bit more tricky. Whether you have an industry position or a managerial role, it’s important to know what millennials want and how to get them interested in your company. Read on to find out what it takes to land the best millennial candidates!
Who are the Millennials?
The Millennial Generation is the demographic cohort following Generation X. There are no precise dates for when this cohort starts or ends; demographers and researchers typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years. Millennials are sometimes referred to as Generation Y, because it comes after Generation X — those born between 1965 and 1980.
There are about 80 million Millennials in the United States, making them the largest generation in the U.S. population. They are also the most educated and technologically savvy generation to date.
First and foremost, employers need to focus on creating a positive work-life balance for their employees. This is especially important for Millennials, who value their personal time and freedom highly.
In addition, employers need to be flexible when it comes to job hours and locations. Many Millennials are interested in jobs that offer remote work options or flexible hours. And finally, employers need to offer competitive salaries and benefits packages.
What makes a candidate stand out to employers?
There are a few key things that employers look for when hiring millennials. First, millennials should have a strong work ethic and be able to demonstrate their drive and determination. Second, millennials should be able to show that they are adaptable and can work well in team settings. Finally, millennials should be able to use technology to their advantage and be comfortable with using various tools and platforms.
What salaries should be quoted to attract Millennials?
As the job market continues to tighten, employers are scrambling to find ways to attract top talent. One question that always comes up is what salaries should be quoted to attract millennials?
The answer, unfortunately, is not as simple as a straight number. Instead, it depends on a variety of factors specific to each employer. However, there are some general tips that can be followed to make sure your salaries are competitive.
First and foremost, you need to make sure you are paying attention to the regional cost of living. A recent college graduate in New York City is going to have very different salary expectations than someone from the same demographic in rural Indiana. Secondly, you need to take into account the specific industry you’re in. For example, tech companies in Silicon Valley can get away with paying lower salaries than banks on Wall Street because the former offers more perks and a more relaxed work environment.
Last but not least, you need to consider the type of position you’re trying to fill. Generally speaking, entry-level positions will have lower salary expectations than management positions. However, there are always exceptions to this rule depending on the skillset required for the role.
Pros and Cons of hiring millennials
There are pros and cons to hiring millennials. On the plus side, millennials are often very tech-savvy and can bring fresh ideas to a company. They’re also accustomed to working in fast-paced environments and can be highly collaborative. However, there are some drawbacks to hiring millennials as well. They may be less likely to stay in one place for very long, and they may not have the same level of experience as older workers. Additionally, they may be more likely to expect high salaries and extensive benefits packages.
Why you need to know more about this generation
There’s no question that millennials are the hottest commodity in today’s workforce. But what does it take to land the best of this generation?
For starters, it takes an understanding of what motivates them. Millennials are driven by a desire to make a difference, so employers need to show them how their work will help further the company’s mission. It’s also important to provide opportunities for growth and development; this generation is always looking to improve their skills and advance their careers.
Finally, you need to be able to offer a competitive salary and benefits package. Money is important to millennials, but so are perks like flexible work hours and paid time off. If you can offer a total compensation package that meets their needs, you’ll be well on your way to landing the best of this talented generation.
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