HR Hack: The Secret to Tying Down Millennials.
Where will all the grads go?
And more importantly, will they stay put? Nearly two million members of the Class of 2016 in the U.S. have hit the job market this summer, and the outlook is strong.
A survey from the National Association of Colleges and Employers finds that employers are planning to hire about 5 percent more new college graduates than last year, and the Bureau of Labor Statistics reports that the unemployment rate for those over 25 with a bachelor’s degree is 2.4 percent, less than half of the national average of 5 percent.
While the job outlook is strong, Millennials are looking for more than just a job — they want a career that they are passionate about. And they will not settle for anything less.
Millennials have different needs than previous generations.
According to a study from Bentley University, “Millennials have not rejected the corporate world, but they will seek other options, such as starting their own companies, if they cannot find workplaces that accommodate their personal values — prominent among them time allocation, relationships and job security.”
How to attract the best Millennials to your company
In order to recruit and retain Millennials, you first need to understand their needs. It is essential that companies invest in their candidates from the very beginning… and that means getting to know them — inside & out. This generation has been described as everything from self absorbed to free spirited.
While making sense of Millennial preferences might seem like a tall order, a simple personality questionnaire puts it within reach. HR managers and recruiters can now use a psychometric assessment to uncover a person’s motivations, leadership style, and more.
This is a vital resource for understanding the mindset and strengths of today’s college graduates. I reached out to a recent grad who was on the hunt for a job she could invest herself in. As a millennial in the tech start up world, Addison wanted to see just how accurate this assessment was at gauging her unique needs.
Addison noted, “my motivation radar was spot on. Without relating to others on my team coupled with a strong work life balance, there is no amount of money that can keep me happy at a mediocre job.”
But these are just Addison’s unique results, employers must find ways to meet expectations of the new generation’s vast and diverse motivators.
Investing in employees is more important than ever, especially if your company plans on retaining them. To get a better idea of what a millenial will need to be a glowing and fulfilled asset to the team; it is best to do the extra work during the interview process, or you may see them heading for the door.
Feel Prepared Your Senior Year
It’s your senior year and you’re really not looking forward to going back to school. We know about having “senioritis.” We really understand it too! For this reason, we want to help with your transition from senior year to a new school. The Talentoday Team has come up with three tips to help you have a positive outlook towards filing applications to different colleges, looking for housing, and meeting new friends or classmates for the coming year.
Tip #1: Applying to colleges
Take a look at your strong points on your personality and motivations radar. Are you someone who is at ease in public? Or do you tend to be an independent and autonomous person? Research schools and programs where your personality and motivations will be satisfied and fulfilled. This way you’ll feel more confident applying to the programs at different schools. You shouldn’t have to drastically tailor yourself to programs; you should feel like you belong where you apply!
Tip #2: Looking for housing
For many of us, tuition fees are extremely high and cannot afford to live on our own. Because of this, we have to look for roommates. Compare your personality and motivations radar with potential roommates via your Talentoday profiles. Do you prefer to have an organized roommate? Or do you want to be roommates with someone who has similar motivations as you? Want to get to know your potential roommate at a more personal level? These types of questions can be answered by simply connecting and sharing profiles. You might just save yourself from a stressful quarter or semester with a roommate you do not get along with.
Tip #3: A-team for group projects
Attending a new school means you’ll meet new people. You may meet some who are studying the same thing as you or are part of other programs that your school offers. Either way, if you are assigned a group project, you will be interested in who you can count on for the completion of these. Who will be the leader, or the event organizer? Who can keep up with stressful situations and meet deadlines? By sharing your personality and motivations results with friends and classmates, you will be able to distinguish each person’s character and might be able to form a grade A-team.
Your personality and motivations radars reveal the real you. After you recognize your talents and motivations, you will feel more confident applying to the programs at different schools, as well as seek roommates and group mates that complement your qualities. So, put senioritis off to the side and take control over your skills and incentives. Invite your friends and classmates to take the Talentoday questionnaire, and compare your results with everyone to identify those whom you can successfully work with in the personal, academic and professional world.
