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Learn how the Federal Government can adapt to the evolving workforce dominated by millennials, who prioritize flexibility, advancement, and development opportunities over traditional benefits. Discover key strategies to attract, retain, and support millennial employees, reducing recruitment costs and enhancing workplace productivity.
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Federal Government will face a changing workforce of millennials (born between 1977-1997) • Millennials emphasize work flexibility and advancement over salary and benefits. • Millennials job hop more than previous generations Introduction
Millennials are more mobile in their careers because: • Care about technical skills and career development • Care more about advancement opportunities rather than retirement and benefits • Value lifestyle and workplace flexibility over salary • View as “free agents” Characteristics of Millennials
High cost of recruitment and training of new talent • $15,000-25,000 cost to replace a millennial • Losing millennials increase workload and stress of current employees Problem
Workplace flexibility • Mentoring Programs • Internal development • Internal hiring and promotions • Performance based salary reward system • Incentives • Education reimbursement • Relocation opportunities • Strong family support/ daycare Solutions