When it comes to their careers, Millennials and Gen Z employees have different beliefs, motives, and expectations. As a result, various tactics are needed to retain these employees.
Let’s first examine the distinctions between the two generations. Born between 1981 and 1996, millennials are renowned for their emphasis on social and environmental problems and desire for a work-life balance. The most diversified and technologically advanced generation to date is Gen Z, which comprises people born between 1997 and 2012. They embrace authenticity and inclusion in the workplace and seek out opportunities to learn and develop.
Retaining Millennials
Companies should prioritise offering flexibility and chances for professional development if they want to retain Millennial employees. This entails providing telecommuting choices, giving staff members the chance to get coaching and mentorship, and encouraging them to take on new tasks and responsibilities. Companies should also actively seek to have a good impact in these areas and be open and honest about their social and environmental impact.
Use EasyWork Quest to set measurable goals for millennials and track individual contributions and overall progress.
Retaining Gen Z
Companies should concentrate on offering opportunities for development and progress to Gen Z employees in order to retain them. This entails providing training and development opportunities, opening up internship and apprenticeship options, and enticing staff members to take on new tasks and responsibilities. Companies should also actively promote diversity and inclusivity in their cultures and be open and honest about their ideals.
Increase motivation, productivity, and job satisfaction in Gen Z employees by implementing a rewards and recognition program.
Conclusion
In conclusion, Companies should prioritise flexibility and possibilities for professional growth if they want to keep Millennial employees. Companies should concentrate on offering opportunities for learning and progress as well as developing an inclusive and diverse culture if they want to keep Gen Z personnel. Companies may develop effective retention strategies that will aid them in attracting and keeping top personnel by knowing the distinct values, motivations, and expectations of various generations.
