Managing Millennials : A Framework For Improving Attraction, Motivation, And Retention

822 Words Jul 24th, 2015 4 Pages
Retaining Millennials As the twenty first century presses forward, so does a vast cultural change in the work place. The Baby Boomer generation is steadily beginning to reach the age of retirement and as members of this generation leave the workforce, their offset is comprised of an entirely different kind of generation. The term Millennials typically refers to people born during the time span of roughly the early 1980’s through early 2000’s. The values of this generation are quite different than their predecessor generations and in the not so distant future, they will significantly outnumber the workforce. The Millennials in some regards have been characterized as disloyal in the work place. One journal article titled, “Managing Millennials: A framework for improving attraction, motivation, and retention,” cited that “nearly 60% of employed Millennials have changed jobs at least once in their careers and 6 out of 10 thought it is very unlikely they will remain with the same employer for their entire career” (Thompson & Gregory, 2012). This is in sharp contrast to the Baby Boomer generation and with the high costs of turnover, a matter requiring immediate action from leadership. This is easier said than done and managers must now find creative ways to attract, motivate, and retain these employees for the future. One way that managers can influence the chance of retention for Millennials is fairly simple and is by developing a close relationship with their…

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