Workplace Culture

The Secret Weapon For Your Millennial Retention Strategy

IStock_70826111_XXXLARGEEmployers are realizing that putting total control of retirement decisions in the hands of their employees was a bad idea.  Older employees are delaying retirement due to underfunding of their retirement portfolios and market volatility.  The end results are increased healthcare costs for companies to support an aging employee population and decreased upward mobility for younger employees.  Many employers have taken steps to solve the underfunding problem for future generations of retirees through auto-enrollment and auto-escalation in defined contribution plans.   However, they have been unable to solve a continually nagging problem.  How do they retain their millennial employees?

Human Resources leaders now have a new secret weapon for solving the millennial employee retention issue.  The $1.2 trillion of outstanding student debt new hires are facing.  According to a recent article publishing in the Wall Street Journal, 70% of seniors took out loans for their education and are carrying an average of over $37,000 in student debt.  More and more companies such as Fidelity, PricewaterhouseCoopers, and SunTrust are launching employee debt assistance programs, in response to the record amount of student debt new employees will have accrued by the time they enter the workforce.   

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Hire Those Job Seekers That Are Doing Creative Things to Get Noticed

Whats-it-like-to-be-a-recruiter-imagine-a-browser-with-2487-tabs-open-all-the-time-ef3a7If you’re looking to make a change in the way your company operates, maybe you need to change your hiring process. Seek out the job seekers that are doing creative things to get noticed. Their fresh ideas likely don’t end once they accept your job offer. They’ll bring innovative, out of the box ideas to the job, so go ahead and respond to that girl who sent over a box of candy bars wrapped in her resume, or call the guy who announced that he’s searching for a job on a billboard. Take the risk and soak in the reward.  

As a recruiter we know you spend countless hours sitting in front of a screen with what seems like a thousand tabs up, scouring the internet for the perfect candidate. But sometimes, you need to do something different. And who knows it could pay off big.

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How to Focus on Recruiting in a World Gone Mad

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Bad news. It seems to be everywhere these days. At home and abroad, there are no shortage of scary, horrifying, discouraging stories.

With all this negativity swirling around, it’s easy to get distracted and have trouble focusing on everyday things – like your job. Even if you’re the most passionate recruiter around, hiring the right person might seem sort of inconsequential compared with the big, bad problems facing the world.

However, that couldn’t be further from the truth. As the saying goes, if you want things to change, you have to start in your own backyard.

So here are 3 ways to focus on recruiting in a world gone mad, and maybe even make a difference in the process.

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Would You Work a “Gig” in Today’s Shifting Economy?

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[Excerpted from Social Hire]

The gig economy in the U.S. has grown rapidly in recent years, with more workers taking on freelance, independent contractor and other non-traditional jobs. Within this new landscape exists a growing number of opportunities with on-demand companies, such as driving for Uber or performing jobs through TaskRabbit. With the freedom to act as your own boss and work flexible hours, you’d think people would be jumping to pursue these non-traditional employment opportunities. Most people, however, continue to prefer the stability of traditional jobs.

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How Embracing The Gig Economy Can Create A Happy Work Environment For Your Employees

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Recently Beyond conducted a survey to understand the booming gig economy. And the gig economy is such a hot topic at the moment that Beyond’s Senior Vice President of Marketing, Joe Weinlick was asked to talk to CBS about it. Here’s the conversation.

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Entitlement Knows No Age

EntitlementKnowsNoAge_600x420Employee perks are getting pretty sweet at some companies – but that doesn’t mean their employees appreciate it.

Recently a friend was venting to me about his coworker, who had spent the better part of the day complaining about missing her morning Zumba class for a company-wide meeting. By the way, this Zumba class is held – wait for it… in the company’s free, on-site gym.

Now, let’s play a little game.

It’s against all kinds of HR policies to ask this, but we’ll keep it between us. How old is the person you were just picturing as I described her behavior?

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You'll Be Shocked To Hear What Freelance Workers Are Demanding

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Beyond
recently conducted a survey of more than 5,000 job seekers, which revealed that many are hesitant to pursue the growing number of independent contractor opportunities with on-demand companies, such as driving for Uber or performing jobs through TaskRabbit. The survey found that 68% of respondents indicated that they would not work for an on-demand company or would maybe consider it depending upon their financial situation at the time. The gig economy in the U.S. has grown rapidly in recent years, creating more independent contractor opportunities for workers. However, the survey results showed that the lack of legal rights and benefits for on-demand contractors are deterrents for job seekers. 

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Job Ads: Make Your First Sentence Count

JobAd_meme_400x400Want to get more responses to your job ads? You can advertise in more places. If you are paying based on performance you can raise your bid. But, there is one thing you can do that doesn't cost anything and might have a HUGE impact. Write a compelling introduction in your job description. In fact, just focus on making the very first sentence as compelling as possible.

When someone searches for your job on many career sites, they will see the job title, the company name, the location, and the first sentence of your job description. For the name, you need to use the commonly accepted professional title, or else they won't find the job at all. And company name and location are straightforward. But the first sentence of the job description--that is the wasted opportunity.

Remember, this is a job advertisement. Advertising is supposed to be fun and creative! Imagine advertising your job on morning drive time radio.

This is Howard Stern, here to tell you about a new Project Manager Job at XYZ Construction. Applicants are asked to submit a resume along with a cover letter that outlines their qualifications and compensation requirements. To apply, visit their website at. . .

Or, how about this scintillating read:

Don Imus here to talk about Yellow Hat Contractors. They've got a new position for a project manager who is responsible and fully accountable for the full project life-cycle manager of projects from initiation to closure. Learn more by. . .

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