Motivations that are very different from what we were accustomed to experiencing two professional generations ago, where the goal was solely stability, moving on to the next generation focused on achieving professional development as a synonym for success.
By 2025, 75% of the workforce will be Millennials. In light of this change, Wiseplan invites you to rethink your paradigms by explaining the factors most valued by Millennial talent when joining an organization.
Flexible workspaces without cubicles or assigned desks are a sign of freedom, something that is highly valued by new talent. In addition, open spaces generate greater inspiration and promote a collaborative culture.
The adoption of emerging technologies to automate work processes allows new talent to acquire skills and feel part of a learning process. Otherwise, the technological gap drives away Millennial talent, who already have a history of early adoption and use of technologies, which can create a false sense of superiority in efficiency, demotivating performance and permanence in the organization.
Breaking down organizational hierarchies helps the organization operate in a less rigid manner and encourages collaborative work, so that new talent will perceive an environment conducive to development and feel the results of their professional contribution.
Appointing internal and external brand ambassadors for the relevant areas of performance generates loyalty and a sense of belonging, qualities that are highly valued in terms of personal and professional development.
Making them protagonists rather than participants in corporate social responsibility actions generates a purpose through work, which can bring corporate values to life through a sense of belonging, aligning new talent with strategy.
A job as a salary transaction is no longer perceived as sufficient for new talent. There must be something else that incentivizes them to sacrifice the opportunity cost of their personal development. Therefore, flexible systems, such as incentive-based pay or health and wellness programs, training, and time off are the factors most valued by new talent, allowing for continuity within the organization.
For your organization, investing in these factors may seem like a big effort at first; however, we can confirm that it is more cost-effective to retain talent than to recruit and train a new employee with a minimum learning curve of six months.
Fortunately, at Wiseplan we have more than 12 years of experience as human capital management consultants, anticipating the paradigm and helping you as headhunters to find the right profile for the position, culture, team, and direct report in your organization.
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In person at Los Militares 5953, office 1208, Las Condes, Santiago, Chile.
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Or by phone (+56 2) 3224 6860 and email: contacto@wiseplan.cl
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