Hiring Millennial – The Benefits and Challenges

The Millennial generation, sometimes referred to as the Generation Y, are those who have reached their adulthood during 2000. They come after the “post peak boomers” or generation X. There has been a lot of discussion regarding the hiring of young talent coming from millennial segment. While some are inclined towards bringing in fresh outlook in to the workforce there are some who feel skeptical about this approach. Hence, we bring forth, the benefits and challenges associated with hiring and retaining millennial in the workforce.

The benefits are as follows.

• The majority of millennial generation are tech savvy in nature. They are the ones who are regarded as the early adopters of computer technology. In most cases it has been observed that, they remain up to date with the advanced technologies which are helpful towards content management and exposure on social media.
• They are regarded as the most cost effective generation in terms of recruitment. Majority of the employers have reported that millennial seek work life balance and flexibility in work environment the most. Compensation is regarded secondary in many cases.
• This generation has the most sense towards community and peer to peer relation build up. Hence they are the best team players. This is beneficial towards grouped mentality and collaboration among team members.
• They are self expressive in nature. This helps in bringing out the creative ideas and positive suggestion which becomes valuable for the business.
• They are aware of the high level competition in the corporate world. This drives them to perform to their highest abilities to ensure that they retain their position in the workforce. Their optimum productivity is useful for business processes.

While there are lot advantages of hiring millennial, staffing solutions may come in handy towards recruiting them. It is also essential to look in to the challenges of hiring and retaining them.

• Since compensation is not the primary deciding factor the millennial it acts as a down side as well. Their demands from the work environment like work life balance and flexibility becomes difficult to provide at certain instances.
• While working with the higher age groups, they tend to develop conflicts in terms of implementing new ideas and policies. Their advanced technology related inputs tend to become difficult for intake by baby boomers and generation x employees.
• They seek for rewards and recognition for their work. It becomes necessary to appreciate their efforts at regular intervals. If not, it grows in a sense of discomfort and aloofness.

Hence there are lot benefits as well as challenges associated with hiring millennial. The staffing solutions provided by recruitment firms look in to these aspects and short list the candidates accordingly. They can carry out the pre screening processes as per requirement and select candidates who can get along with the work environment of the company. Therefore it is essential to seek advice of such firms in this regard.