Retention

 
Millennials will form 50% of the workforce in 2020, and the majority value training and development and a healthy work/life balance over salary.
This is according to a major survey of 4,000 graduates from PwC, which found that nearly a quarter (22%) of respondents rated training and development as their number one benefit. Flexible working followed with 19% claiming it was most important, while cash bonuses ranked third (14%).
The report Millennials at work, reshaping the workplace also showed that 72% of those born between 1980 and 2000 have also had to make some sort of compromise in terms of location, salary or industry to get into work.
Jon Andrews, Partner, PwC says: “Millennials want more than ‘just a job’. They expect rapid progression, a varied and interesting career, and constant feedback.

 
A new year offers a new start. Resolve to rethink “how we’ve always done it.”

1. Help HR pros to stop making assumptions

Companies that want to have a truly positive impact need people who are fully engaged with their work and aren't afraid to bring their genuine identities to the office.
 
It's no secret that much of Corporate America is stressed — and not just because of the difficult economy. While even the White House has weighed in on the need for better work-life balance and the economic benefits of workplace flexibility, there's a much larger issue at stake here than how much flextime companies offer.
The real issue is not about forcing people to compartmentalize their lives at work, at home, and in their communities but rather how to keep people energized and engaged in all aspects of their lives. In our research over the past four years, my colleagues and I have found that great leaders and great companies recognize that people are at their best when they are able to bring their whole selves to the job and can connect what they do at work to a meaningful larger purpose.