According to some estimates, millennials will represent 75% of the workforce by the year 2024. To capitalize on this trend, many organizations have begun redesigning their talent acquisition strategies to better appeal to this audience. For initiatives like this to bear fruit however, organizations must leverage another trend: Big Data. In this keynote video, Kristofer Cooper, Chief Human Resources Officer at MorseLife, explains how, faced with shocking levels of turnover among key talent, this senior care provider used the power of Big Data to radically change their processes for attracting and selecting millennial talent resulting in a 50% reduction in turnover within the first year and a half.
Key Insights Include:
- Morselife’s counterintuitive discovery that, contrary to the stereotype of the “job-hopping” millennial, older employees were more likely to leave the organization.
- How Morselife analyzed data to identify the skills/competencies most predictive of employee performance and redesigned its selection process to assess for those attributes.
- A discussion of the recruiting tools and processes Morselife used to improve quality of hire, increase engagement, and drive business performance (e.g., personality assessments, online reference checking, etc.).