th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Your company culture is what matters when recruiting millennials

Because millennials will constantly search for a business that better suits their expectations and needs.
By Gerard Adams |

millennial hiring

As an entrepreneur, you are responsible for making a number of decisions within your company. You will establish its foundation, business model, and much more. As your business grows, it will likely fall on you to make the tough decisions that guide the company. These decisions will play a big role in determining your company culture.

 

Related: Millennials, take note: Companies hire emotionally intelligent talents, exec says

 

Regardless of how large or small your business, it will have its own culture. When trying to bring in and retain millennial talent, your company culture is going to play a large role in their decision making. An entrepreneur’s business may depend on creating a culture that breeds success, and that is going to be contingent upon an understanding of catering to millennial desires.

 

Related: 5 Things Millennial Entrepreneurs Can Teach Their Business Elders About Running a Company

 

1.Understand millennials

The current generation of college graduates does not plan on staying at the same company for more than a few years, let alone for their entire career. Millennials have a sense of self-worth, and they will constantly search for a business that better suits their expectations and needs.

 

You, as the entrepreneur, will have to come up with a way not only to attract rising talent but retain it. Create a company culture that resonates with millennials on some level. Even less sexy businesses can have a culture that young people are appealed to.

 

Related: This Is How Millennials Want to Be Managed

 

3.Offer the right benefits

Many entrepreneurs find that offering a sizeable salary would not retain millennial employees. While this worked for previous generations, millennials seem to be rocking the boat. Instead of letting this frustrate you and disrupt your business, focus on benefits that millennials want to see.

 

One of the top priorities for many millennials is their work-life balance. Offering a generous salary or wage would not go far if your employee is not able to enjoy their hard-earned money, and this is even truer with the newest generation of skilled workers.

ADVERTISEMENT - CONTINUE READING BELOW

 

Related: The truth about work-life balance

 

Consider increasing the number of days an employee can take off or add more work holidays. Offer flexibility for them to work remotely. Your employees will stay fresh and will be more eager to commit time and energy to your business.

 

Related: What Millennials Want in a Workplace Really Isn't So Crazy After All

 

4.Develop your rising talent.

A good company culture will go beyond perks and benefits. Many millennials want a meaningful work experience that builds their skills, not just their bank accounts. Let new hires and recently added employees know that they are a valuable piece of the company.

 

Bring them in on meetings, keep them updated on all facets of your business and ask for their opinion. Also, millennials are fairly open to criticism—they just prefer it face-to-face and in a timely manner. Millennials want to work for a business that they can also call their own, so treat them like an important part of your business. After all, they are the future of your company.

 

*****

Copyright © 2016 Entrepreneur Media, Inc. All rights reserved.

This article originally appeared on Entrepreneur.com. Minor edits have been done by the Entrepreneur.com.ph editors.

 

Photo from Thinkstock

Latest Articles

Close