The Millennial generation is a force to be reckoned with because of their multifaceted and unique nature. They are talented, innovative, entrepreneurial, creative, and highly mobile. In addition to this, while the millennial population has surpassed the Baby Boomers population in the workforce, their turnover is also greater than any other generation. According to recent statistics, more than 60% of Millennials leave their company in less than three years. Moreover, 60% are open to a different job and 36% will look for a new job in the next year. While retaining these top talent millennials is a key business imperative for success, most companies have not implemented a focused retention strategy that aims to retain these important employees.
In this practical webinar, you will learn about various factors that affect millennial retention rates. Among other things, you will also learn practical techniques and best practices you can use to retain the best employees.
You will also learn the following:
- Why Millennial employees stay or leave
- How to measure turnover
- The relationship of compensation to employee satisfaction and motivation
- The relationship of leadership to retention and turnover
- How to create a workplace “community”
- Why recruitment and interviewing are important in managing turnover
- The importance of “Stay interviews”
- 135 ideas for reducing turnover
- 10 steps toward great retention
- Ideas for more effective onboarding
- Importance of realistic job previews
- 7 steps to giving effective recognition
- Linking benefits to retention
- The 5 components of the retention model
- Keys for millennial retention
Upon course completion, you will be able to:
- Cite factors that contribute to Millennial employee turnover
- Identify strategies for retaining employees
- Describe the link between leadership, employee satisfaction, and turnover
- Measure employee turnover
- Cite three factors that contribute to employee motivation
- Recognize the priorities of the Millennial generation
HR Advisors LLC
Wes Pruett is owner of HR Advisors LLC, a consulting practice that provides service to clients who seek to align their business and employees creating successful outcomes and excellent work environments. After 20 years in senior leadership within the Mayo Health System he founded HR Advisors. Mr. Pruett provides solutions to companies for a wide variety of HR issues including compensation, compliance, policy development, performance management, and employee relations. Mr. Pruett regularly facilitates employee training related to communication, leadership, coaching, and strategic planning. He is a business coach helping leaders achieve goals. Wes earned a Masters in Healthcare Administration at the University of Minnesota Carlson School of Management and an M.S. in psychology.
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Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?
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